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 score and performance metrics.

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 an overall pricing score of 37/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Plains Commerce Bank?

Plains Commerce Bank is a Bank headquartered in Sioux Falls, SD.

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Plains Commerce Bank

Bank•Sioux Falls, SDHQ•Wholesale•Reviews near you on Google

Plains Commerce Bank's 11.6k closed loans and 19k applications, benchmarked against peer lenders across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Acceptable

2/5

vs. all lenders

Pull-through

Strong

4/5

closing strength

Product

Exceptional

5/5

FHA · Conventional · VA · Jumbo · USDA

Place

Strong

4/5

National · 49 mkts

Awards

Conventional

Superstar

FHA

Superstar

USDA

Superstar

Purchase

Superstar

Refinance

Superstar

Summary

What They Do Well

Strong pull through performance
High volume lender with significant market experience
Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
Nationwide availability with consistent service

Things to Think About

Pricing may be below industry average

Explore another lender or local market

Report Card

Plains Commerce Bank performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Acceptable

+27.8 bps above market avg

Pull Through

Closing strength

Strong

Top 40% of lenders

By Loan Product· Specialization by type

Conventional

Exceptional

Top 10% of lenders

FHA

Exceptional

Top 10% of lenders

Exceptional

Top 20% of lenders

Jumbo

Exceptional

Top 20% of lenders

USDA

Exceptional

Top 20% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Exceptional

Top 10% of lenders

Refinance

Exceptional

Top 20% of lenders

By Location· Geographic coverage

Geographic Reach

National · 50 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	Strong	Exceptional	Acceptable	Strong	6,712	57.8%	+0.261%Above	$3,159Fees
FHA Loans	Strong	Exceptional	Sound	Strong	3,500	30.1%	+0.518%Above	$2,788Fees
VA Loans	Strong	Exceptional	Sound	Strong	1,163	10.0%	-0.307%Below	$2,485Fees
Jumbo Loans	Sound	Exceptional	Acceptable	Sound	104	0.9%	+0.404%Above	$2,681Fees
USDA Loans	Strong	Exceptional	Strong	Sound	131	1.1%	-0.035%Below	$2,056Fees

Conventional

Overall

Strong

Product

Exceptional

Pricing

Acceptable

Pull Through

Strong

Volume6,712

Mix57.8%

Spread

+0.261%Above

Fees

$3,159Fees

FHA Loans

Overall

Strong

Product

Exceptional

Pricing

Sound

Pull Through

Strong

Volume3,500

Mix30.1%

Spread

+0.518%Above

Fees

$2,788Fees

VA Loans

Overall

Strong

Product

Exceptional

Pricing

Sound

Pull Through

Strong

Volume1,163

Mix10.0%

Spread

-0.307%Below

Fees

$2,485Fees

Jumbo Loans

Overall

Sound

Product

Exceptional

Pricing

Acceptable

Pull Through

Sound

Volume104

Mix0.9%

Spread

+0.404%Above

Fees

$2,681Fees

USDA Loans

Overall

Strong

Product

Exceptional

Pricing

Strong

Pull Through

Sound

Volume131

Mix1.1%

Spread

-0.035%Below

Fees

$2,056Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Strong	Exceptional	Acceptable	Strong	10,754	92.6%	+0.296%Above	$2,981Fees
Refinance	Sound	Exceptional	Acceptable	Sound	856	7.4%	+0.088%Above	$3,068Fees

Purchase

Overall

Strong

Product

Exceptional

Pricing

Acceptable

Pull Through

Strong

Volume10,754

Mix92.6%

Spread

+0.296%Above

Fees

$2,981Fees

Refinance

Overall

Sound

Product

Exceptional

Pricing

Acceptable

Pull Through

Sound

Volume856

Mix7.4%

Spread

+0.088%Above

Fees

$3,068Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

11,610

Applications

19,418

Volume

$4 billion

Pricing & Closing

Avg Rate Spread

+0.278%

vs. market APOR

Avg Net Fees

$2,989

Origination − Credits

Pullthrough Rate

59.8%

Applications → Closed

Typical Borrower

Avg Loan Amount

$359,820

Avg Borrower Income

$131,198

Avg Property Value

$434,491

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Strong

4/5

States with Loan Originations

Northeast8

CTMEMANHNJNYPARI

Midwest12

IAILINKSMIMNMONDNEOHSDWI

South17

ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV

West13

AKAZCACOHIIDMTNMNVORUTWAWY

Top Metro Areas by Place Specialization Score

1© inkknife_2000 (7.5 million views +) · CC BY-SA 2.0

Sioux Falls, SD, SD-MNMetro

Volume 1,018Mix 8.77% of portfolio

100/100

Exceptional

2© Quintin Soloviev · CC BY 4.0

Rapid City, SDMetro

Volume 169Mix 1.46% of portfolio

89/100

Exceptional

3© DPPed · CC BY-SA 3.0

Phoenix, AZMetro

Volume 763Mix 6.57% of portfolio

80/100

Strong

Lakeland, FLMetro

Volume 229Mix 1.97% of portfolio

80/100

Strong

Orlando, FLMetro

Volume 305Mix 2.63% of portfolio

75/100

Strong

Salt Lake City, UTMetro

Volume 187Mix 1.61% of portfolio

73/100

Strong

Cincinnati, OHMetro

Volume 172Mix 1.48% of portfolio

71/100

Strong

Omaha, NE, NE-IAMetro

Volume 141Mix 1.21% of portfolio

71/100

Strong

Denver, COMetro

Volume 264Mix 2.27% of portfolio

71/100

Strong

Savannah, GAMetro

Volume 78Mix 0.67% of portfolio

70/100

Strong

Showing 10 of 49 metro areas

Top States by Place Specialization Score

South DakotaState

Volume 1,524Mix 13.13% of portfolio

100/100

Exceptional

FloridaState

Volume 1,767Mix 15.22% of portfolio

80/100

Exceptional

ArizonaState

Volume 902Mix 7.77% of portfolio

80/100

Exceptional

UtahState

Volume 475Mix 4.09% of portfolio

76/100

Strong

NebraskaState

Volume 269Mix 2.32% of portfolio

75/100

Strong

TexasState

Volume 927Mix 7.98% of portfolio

74/100

Strong

MinnesotaState

Volume 424Mix 3.65% of portfolio

73/100

Strong

NevadaState

Volume 219Mix 1.89% of portfolio

72/100

Strong

ColoradoState

Volume 416Mix 3.58% of portfolio

72/100

Strong

AlabamaState

Volume 207Mix 1.78% of portfolio

70/100

Strong

Showing 10 of 48 states

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.