What loan types does Black Hills Federal Credit Union offer?

Black Hills Federal Credit Union offers the following mortgage loan types: FHA, Conventional, VA. Each product has its own pricing score and performance metrics.

Where does Black Hills Federal Credit Union offer mortgages?

Black Hills Federal Credit Union offers mortgages in 15 states: AZ, IA, KS, MN, MT, NC, ND, NE, NM, NV, SD, UT, VA, WA, WY.

How competitive are Black Hills Federal Credit Union's mortgage rates?

Black Hills Federal Credit Union has an overall pricing score of 50.1/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Black Hills Federal Credit Union?

Black Hills Federal Credit Union is a Credit Union headquartered in Rapid City, SD.

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Black Hills Federal Credit Union

Credit Union•Rapid City, SDHQ•Direct•Reviews near you on Google

Black Hills Federal Credit Union has 349 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Sound

3/5

vs. all lenders

Pull-through

Strong

4/5

closing strength

Product

Strong

4/5

FHA · Conventional · VA

Place

Exceptional

5/5

Multi-Region · 2 mkts

Awards

Conventional

Superstar

FHA

Superstar

Purchase

Superstar

Refinance

Superstar

Summary

What They Do Well

Strong pull through performance
Particularly strong in Conventional and FHA and VA loans

Explore another lender or local market

Report Card

Black Hills Federal Credit Union performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Sound

Rates 9.4 bps below market avg

Pull Through

Closing strength

Strong

Top 40% of lenders

By Loan Product· Specialization by type

Conventional

Strong

Top 40% of lenders

FHA

Strong

Top 40% of lenders

Strong

Top 40% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Strong

Top 40% of lenders

Refinance

Strong

Top 40% of lenders

By Location· Geographic coverage

Geographic Reach

Multi-Regional · 3 markets

Strong

Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Strong	Sound	Strong	278	79.7%	-0.056%Below	$3,458Fees
FHA Loans	Strong	Strong	Strong	Strong	42	12.0%	+0.063%Above	$2,142Fees
VA Loans	Strong	Strong	Strong	Strong	26	7.4%	-0.789%Below	$2,331Fees

Conventional

Overall

Sound

Product

Strong

Pricing

Sound

Pull Through

Strong

Volume278

Mix79.7%

Spread

-0.056%Below

Fees

$3,458Fees

FHA Loans

Overall

Strong

Product

Strong

Pricing

Strong

Pull Through

Strong

Volume42

Mix12.0%

Spread

+0.063%Above

Fees

$2,142Fees

VA Loans

Overall

Strong

Product

Strong

Pricing

Strong

Pull Through

Strong

Volume26

Mix7.4%

Spread

-0.789%Below

Fees

$2,331Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Strong	Sound	Strong	285	81.7%	-0.075%Below	$3,157Fees
Refinance	Strong	Strong	Sound	Sound	64	18.3%	-0.168%Below	$3,681Fees

Purchase

Overall

Sound

Product

Strong

Pricing

Sound

Pull Through

Strong

Volume285

Mix81.7%

Spread

-0.075%Below

Fees

$3,157Fees

Refinance

Overall

Strong

Product

Strong

Pricing

Sound

Pull Through

Sound

Volume64

Mix18.3%

Spread

-0.168%Below

Fees

$3,681Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

349

Applications

573

Volume

$100 million

Pricing & Closing

Avg Rate Spread

-0.094%

vs. market APOR

Avg Net Fees

$3,267

Origination − Credits

Pullthrough Rate

60.9%

Applications → Closed

Typical Borrower

Avg Loan Amount

$287,350

Avg Borrower Income

$121,072

Avg Property Value

$396,347

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Exceptional

5/5

States with Loan Originations

Midwest6

IAKSMNNDNESD

South2

NCVA

West7

AZMTNMNVUTWAWY

Top Metro Areas by Place Specialization Score

Rapid City, SDMetro

Volume 176Mix 50.43% of portfolio

100/100

Exceptional

Sioux Falls, SD, SD-MNMetro

Volume 53Mix 15.19% of portfolio

67/100

Strong

Top States by Place Specialization Score

South DakotaState

Volume 305Mix 87.39% of portfolio

88/100

Exceptional

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts

Pricing

Rate and fee competitiveness (33%)

10/ 30 pts

Pull Through

Reliability in closing loans (33%)

10/ 30 pts

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.