# Plains Commerce Bank

> **Canonical URL:** https://saferate.com/lenders/plains-commerce-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


Plains Commerce Bank is a bank, headquartered in Sioux Falls, SD, serving borrowers nationwide, with 11,610 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 63% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 33% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300KJ8PAJ7E52HG32
- **Headquarters:** Sioux Falls, SD
- **Geographic Reach:** National
- **States Served:** 50
- **State List:** AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WA, WI, WV, WY
- **Markets (MSAs):** 50
- **Primary Channel:** wholesale
- **Direct Origination:** 11%
- **Brokered/Wholesale:** 89%

## Safe Rate Ratings

### Pricing: Acceptable 🙂
- Score: 37/100
- Rating: ●●○○○ (2/5)

### Pull Through: Strong 😀
- Score: 67/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.278%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,989
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 11,610
- **Dollar Volume:** $4.2 billion
- **Applications Received:** 19,418
- **Market Share:** 33.00%

## Typical Borrower Profile

- **Average Loan Amount:** $359,820
- **Average Borrower Income:** $131,198
- **Average Property Value:** $434,491

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (62%)
- ⭐ **FHA Gold Superstar** (70%)
- ⭐ **VA Gold Superstar** (70%)
- ⭐ **USDA Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (62%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 90/100 | 6,712 | +0.261% | $3,159 | Exceptional 🤩 |
| FHA | 91/100 | 3,500 | +0.518% | $2,788 | Exceptional 🤩 |
| VA | 88/100 | 1,163 | -0.307% | $2,485 | Exceptional 🤩 |
| Jumbo | 82/100 | 104 | +0.404% | $2,681 | Exceptional 🤩 |
| USDA | 89/100 | 131 | -0.035% | $2,056 | Exceptional 🤩 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 6,072 loans, Score: 91/100 (Exceptional)
- Refinance: 640 loans, Score: 83/100 (Exceptional)

**FHA:**
- Purchase: 3,361 loans, Score: 91/100 (Exceptional)
- Refinance: 139 loans, Score: 81/100 (Exceptional)

**VA:**
- Purchase: 1,099 loans, Score: 88/100 (Exceptional)
- Refinance: 64 loans, Score: 80/100 (Strong)

**Jumbo:**
- Purchase: 91 loans, Score: 78/100 (Strong)

**USDA:**
- Purchase: 131 loans, Score: 89/100 (Exceptional)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 91/100 | 10,754 | $3.9B | +0.296% | Exceptional 🤩 |
| Refinance | 84/100 | 856 | $320M | +0.088% | Exceptional 🤩 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| FL | 1,767 | 0.60% | 80/100 |
| SD | 1,524 | 17.13% | 100/100 |
| TX | 927 | 0.26% | 74/100 |
| AZ | 902 | 0.91% | 80/100 |
| UT | 475 | 1.06% | 76/100 |
| MN | 424 | 0.66% | 73/100 |
| CO | 416 | 0.50% | 72/100 |
| GA | 354 | 0.26% | 69/100 |
| NE | 269 | 1.26% | 75/100 |
| IA | 264 | 0.75% | 68/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 1,587 | 79/100 |
| Sioux Falls, SD | SD-MN | 1,018 | 100/100 |
| Phoenix | AZ | 763 | 80/100 |
| Orlando | FL | 305 | 75/100 |
| Denver | CO | 264 | 71/100 |
| Lakeland | FL | 229 | 80/100 |
| Minneapolis | MN-WI | 221 | 68/100 |
| Houston | TX | 212 | 66/100 |
| Salt Lake City | UT | 187 | 73/100 |
| Cincinnati, OH |  | 172 | 71/100 |
| Dallas | TX | 170 | 65/100 |
| Rapid City, SD | SD | 169 | 89/100 |
| Jacksonville, FL | FL | 162 | 70/100 |
| Las Vegas | NV | 155 | 69/100 |
| Tampa, FL | FL | 153 | 67/100 |

## Where This Lender Ranks

Plains Commerce Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Sioux Falls, SD for USDA Loans
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders/usda-loans)
- 🥇 **#1** in Sioux Falls, SD for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders/banks/usda-loans)
- 🥇 **#1** in Texas for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/texas/best-mortgage-lenders/banks/usda-loans)
- 🥇 **#1** in Arizona for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/arizona/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Phoenix for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/phoenix/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Minnesota for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/banks/usda-loans)
- 🥇 **#1** in Lakeland for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/lakeland/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in Salt Lake City for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/salt-lake-city/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in Rapid City, SD for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/rapid-city-sd/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Rapid City, SD for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/rapid-city-sd/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in Provo for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/provo/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Provo for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/provo/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in St. Petersburg for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/st-petersburg/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Reno, NV for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/reno-nv/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Urban Honolulu, HI for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/urban-honolulu-hi/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Chico, CA for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/chico-ca/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Mankato, MN for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/mankato-mn/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Santa Rosa for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/santa-rosa/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Sebring, FL for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/sebring-fl/best-mortgage-lenders/banks/fha-loans)
- 🥈 **#2** in Florida for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/florida/best-mortgage-lenders/banks/usda-loans)

## Frequently Asked Questions

### What loan types does Plains Commerce Bank offer?

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

### Where does Plains Commerce Bank offer mortgages?

Plains Commerce Bank is a national lender offering mortgages in all 50 states plus Washington D.C.

### How competitive are Plains Commerce Bank's mortgage rates?

Plains Commerce Bank has a pricing score of 37/100 (Acceptable), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.278% above market average.

### What type of lender is Plains Commerce Bank?

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

### What is Plains Commerce Bank's loan approval success rate?

Plains Commerce Bank has a pull-through score of 67/100 (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/plains-commerce-bank

### How to Cite

> "Plains Commerce Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/plains-commerce-bank

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