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Dacotah Bank

Bank•Aberdeen, SDHQ•Direct•Reviews near you on Google

Dacotah Bank has 357 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Strong
4/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · USDA
Place
Sound
3/5
Multi-Region · 4 mkts
Safe Rate Awards
Conventional Superstar
Conventional
Superstar
FHA Superstar
FHA
Superstar
Purchase Superstar
Purchase
Superstar

Safe Rate Summary

What They Do Well

  • Offers rates 0.30 basis points below market average
  • Lower than average lender fees
  • Strong pull through performance
  • Particularly strong in Conventional and USDA loans

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Report Card

Dacotah Bank performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
Rates 0.3 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
Sound
Top 60% of lenders
VA
Sound
Top 60% of lenders
USDA
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Sound
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 5 markets
Strong
Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Strong
Product
Strong
Pricing
Sound
Pull Through
Strong
Volume283
Mix79.3%
Spread
+0.037%Above
Fees
$1,963Fees
FHA Loans
Overall
Strong
Product
Sound
Pricing
Exceptional
Pull Through
Strong
Volume30
Mix8.4%
Spread
+0.071%Above
Fees
$708Fees
VA Loans
Overall
Sound
Product
Sound
Pricing—
Pull Through—
Volume15
Mix4.2%
Spread
-0.450%Below
Fees
$1,960Fees
USDA Loans
Overall
Strong
Product
Strong
Pricing—
Pull Through
Exceptional
Volume26
Mix7.3%
Spread
-0.474%Below
Fees
$719Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Strong
Product
Strong
Pricing
Strong
Pull Through
Strong
Volume328
Mix91.9%
Spread
-0.004%Below
Fees
$1,795Fees
Refinance
Overall
Sound
Product
Sound
Pricing
Acceptable
Pull Through
Strong
Volume29
Mix8.1%
Spread
+0.003%Above
Fees
$1,948Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
357
Applications
422
Volume
$92 million
Pricing & Closing
Avg Rate Spread
-0.003%
vs. market APOR
Avg Net Fees
$1,809
Origination − Credits
Pullthrough Rate
84.6%
Applications → Closed
Typical Borrower
Avg Loan Amount
$260,266
Avg Borrower Income
$147,751
Avg Property Value
$343,483

Geographic Coverage

Geographic Performance

Metro Areas
4
markets with activity
States Served
11
of 50 states + DC
Avg Place Specialization
Sound
3/5

States with Loan Originations

11
11 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Midwest6
IAMIMNNDNESD
South2
FLKY
West3
AZCOID

Top Metro Areas by Place Specialization Score

1© Quintin Soloviev · CC BY 4.0
Rapid City, SDMetro
Volume 35Mix 9.80% of portfolio
68/100
Strong
2© inkknife_2000 (7.5 million views +) · CC BY-SA 2.0
Sioux Falls, SD, SD-MNMetro
Volume 26Mix 7.28% of portfolio
57/100
Sound
3© Nick Smith (ulillillia) · Public domain
Minot, NDMetro
Volume 22Mix 6.16% of portfolio
55/100
Sound
4© Ron Reiring · CC BY 2.0
Fargo, ND, ND-MNMetro
Volume 21Mix 5.88% of portfolio
55/100
Sound

Top States by Place Specialization Score

South Dakota
South Dakota
1
South DakotaState
Volume 256Mix 71.71% of portfolio
86/100
Exceptional
North Dakota
North Dakota
2
North DakotaState
Volume 74Mix 20.73% of portfolio
68/100
Strong
Minnesota
Minnesota
3
MinnesotaState
Volume 16Mix 4.48% of portfolio
45/100
Sound

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.