# First Dakota National Bank

> **Canonical URL:** https://saferate.com/lenders/first-dakota-national-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


First Dakota National Bank is a bank, headquartered in Yankton, SD, serving borrowers across 9 states, with 441 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 13% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 21% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300T1ONVEMLQ4B629
- **Headquarters:** Yankton, SD
- **Geographic Reach:** Multi-Region
- **States Served:** 9
- **State List:** AZ, CO, FL, IA, MN, ND, NE, SD, WI
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 99.8%
- **Brokered/Wholesale:** 0.2%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 87/100
- Rating: ●●●●● (5/5)

### Pull Through: Strong 😀
- Score: 79/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** -0.108%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,035
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 441
- **Dollar Volume:** $148 million
- **Applications Received:** 532
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $335,295
- **Average Borrower Income:** $178,018
- **Average Property Value:** $489,308

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (78%)
- ⭐ **FHA Gold Superstar** (78%)
- ⭐ **Purchase Gold Superstar** (78%)
- ⭐ **Refinance Gold Superstar** (77%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 69/100 | 373 | -0.093% | $1,004 | Strong 😀 |
| FHA | 61/100 | 35 | -0.020% | $752 | Strong 😀 |
| VA | 59/100 | 13 | -0.536% | $852 | Sound ☺️ |
| USDA | 74/100 | 14 | -0.561% | $215 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 298 loans, Score: 67/100 (Strong)
- Refinance: 75 loans, Score: 67/100 (Strong)

**FHA:**
- Purchase: 35 loans, Score: 60/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 67/100 | 366 | $119M | -0.116% | Strong 😀 |
| Refinance | 66/100 | 75 | $29M | -0.070% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| SD | 409 | 4.60% | 91/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Sioux Falls, SD | SD-MN | 219 | 87/100 |
| Non |  | 190 | 65/100 |
| Sioux City, IA |  | 14 | 45/100 |

## Where This Lender Ranks

First Dakota National Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in South Dakota Banks
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/banks)
- 🥇 **#1** in South Dakota for Conventional Loans
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in South Dakota for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in South Dakota for USDA Loans
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/usda-loans)
- 🥇 **#1** in South Dakota for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/banks/usda-loans)
- 🥇 **#1** in Sioux Falls, SD Banks
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders/banks)
- 🥇 **#1** in Sioux Falls, SD for Conventional Loans
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in Sioux Falls, SD for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders/banks/conventional-loans)
- 🥈 **#2** in South Dakota
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders)
- 🥈 **#2** in South Dakota for FHA Loans
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/fha-loans)
- 🥈 **#2** in South Dakota for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/banks/fha-loans)
- 🥈 **#2** in Sioux Falls, SD
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders)
- 🥉 **#3** in Sioux Falls, SD for FHA Loans
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders/fha-loans)
- 🥉 **#3** in Sioux Falls, SD for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#6** in Sioux Falls, SD for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders/banks/va-loans)
- 🏆 **#6** in Sioux City, IA for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/sioux-city-ia/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#7** in Sioux City, IA for Conventional Loans
  - [View Full Rankings](https://saferate.com/sioux-city-ia/best-mortgage-lenders/conventional-loans)
- 🏆 **#9** in South Dakota for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/banks/va-loans)
- 🏆 **#10** in Sioux Falls, SD for VA Loans
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders/va-loans)
- 🏆 **#17** in South Dakota for VA Loans
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/va-loans)

## Frequently Asked Questions

### What loan types does First Dakota National Bank offer?

First Dakota National 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 First Dakota National Bank offer mortgages?

First Dakota National Bank offers mortgages in 9 states: AZ, CO, FL, IA, MN, ND, NE, SD, WI.

### How competitive are First Dakota National Bank's mortgage rates?

First Dakota National Bank has a pricing score of 87/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.108% below market average.

### What type of lender is First Dakota National Bank?

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

### What is First Dakota National Bank's loan approval success rate?

First Dakota National Bank has a pull-through score of 79/100 (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/first-dakota-national-bank

### How to Cite

> "First Dakota National Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/first-dakota-national-bank

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