# Dacotah Bank

> **Canonical URL:** https://saferate.com/lenders/dacotah-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Dacotah Bank is a bank, headquartered in Aberdeen, SD, serving borrowers across 11 states, with 357 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 39% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 25% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300UQPFB0RR8JCA42
- **Headquarters:** Aberdeen, SD
- **Geographic Reach:** Multi-Region
- **States Served:** 11
- **State List:** AZ, CO, FL, IA, ID, KY, MI, MN, ND, NE, SD
- **Markets (MSAs):** 5
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 61/100
- Rating: ●●●●○ (4/5)

### Pull Through: Strong 😀
- Score: 75/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** -0.003%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,809
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 357
- **Dollar Volume:** $93 million
- **Applications Received:** 422
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $260,266
- **Average Borrower Income:** $147,751
- **Average Property Value:** $343,483

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (63%)
- ⭐ **FHA Gold Superstar** (71%)
- ⭐ **Purchase Gold Superstar** (70%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 62/100 | 283 | +0.037% | $1,963 | Strong 😀 |
| FHA | 59/100 | 30 | +0.071% | $708 | Sound ☺️ |
| VA | 60/100 | 15 | -0.450% | $1,960 | Sound ☺️ |
| USDA | 78/100 | 26 | -0.474% | $719 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 256 loans, Score: 62/100 (Strong)
- Refinance: 27 loans, Score: 46/100 (Sound)

**FHA:**
- Purchase: 30 loans, Score: 59/100 (Sound)

**USDA:**
- Purchase: 26 loans, Score: 78/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 61/100 | 328 | $85M | -0.004% | Strong 😀 |
| Refinance | 46/100 | 29 | $8M | +0.003% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| SD | 256 | 2.88% | 86/100 |
| ND | 74 | 1.01% | 68/100 |
| MN | 16 | 0.02% | 45/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 237 | 69/100 |
| Rapid City, SD | SD | 35 | 68/100 |
| Sioux Falls, SD | SD-MN | 26 | 57/100 |
| Minot, ND | ND | 22 | 55/100 |
| Fargo, ND | ND-MN | 21 | 55/100 |

## Where This Lender Ranks

Dacotah Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Rapid City, SD Banks
  - [View Full Rankings](https://saferate.com/rapid-city-sd/best-mortgage-lenders/banks)
- 🥈 **#2** in South Dakota Banks
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/banks)
- 🥈 **#2** in South Dakota for USDA Loans
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/usda-loans)
- 🥈 **#2** in South Dakota for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/banks/usda-loans)
- 🥈 **#2** in North Dakota for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/north-dakota/best-mortgage-lenders/banks/usda-loans)
- 🥈 **#2** in Rapid City, SD
  - [View Full Rankings](https://saferate.com/rapid-city-sd/best-mortgage-lenders)
- 🥉 **#3** in South Dakota
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders)
- 🥉 **#3** in North Dakota for USDA Loans
  - [View Full Rankings](https://saferate.com/north-dakota/best-mortgage-lenders/usda-loans)
- 🥉 **#3** in Rapid City, SD for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/rapid-city-sd/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#4** in Minot, ND Banks
  - [View Full Rankings](https://saferate.com/minot-nd/best-mortgage-lenders/banks)
- 🏆 **#5** in North Dakota Banks
  - [View Full Rankings](https://saferate.com/north-dakota/best-mortgage-lenders/banks)
- 🏆 **#5** in Minot, ND for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/minot-nd/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#6** in South Dakota for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#6** in Fargo, ND Banks
  - [View Full Rankings](https://saferate.com/fargo-nd/best-mortgage-lenders/banks)
- 🏆 **#7** in South Dakota for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/banks/va-loans)
- 🏆 **#7** in North Dakota for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/north-dakota/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#7** in Rapid City, SD for Conventional Loans
  - [View Full Rankings](https://saferate.com/rapid-city-sd/best-mortgage-lenders/conventional-loans)
- 🏆 **#7** in Minot, ND
  - [View Full Rankings](https://saferate.com/minot-nd/best-mortgage-lenders)
- 🏆 **#8** in North Dakota
  - [View Full Rankings](https://saferate.com/north-dakota/best-mortgage-lenders)
- 🏆 **#8** in North Dakota for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/north-dakota/best-mortgage-lenders/banks/conventional-loans)

## Frequently Asked Questions

### What loan types does Dacotah Bank offer?

Dacotah Bank offers the following mortgage loan types: FHA, Conventional, VA, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Dacotah Bank offer mortgages?

Dacotah Bank offers mortgages in 11 states: AZ, CO, FL, IA, ID, KY, MI, MN, ND, NE, SD.

### How competitive are Dacotah Bank's mortgage rates?

Dacotah Bank has a pricing score of 61/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.003% below market average.

### What type of lender is Dacotah Bank?

Dacotah Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Aberdeen, SD.

### What is Dacotah Bank's loan approval success rate?

Dacotah Bank has a pull-through score of 75/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/dacotah-bank

### How to Cite

> "Dacotah Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/dacotah-bank

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