Safe Rate Rankings

Best Conventional Mortgage Lenders in Rapid City

Updated May 26, 2026

⚖️ The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.

🛡️ 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.

Market

Total Lenders26

Total Loans1,510

Median Rate Spread0.02%

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Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	U.S. Bank National AssociationBank	Exceptional	Strong	Exceptional	Strong	Sound	$616Fees	0.062%Above	27
2	BLACK HILLS FEDERAL CREDIT UNIONCredit Union	Strong	Sound	Strong	Strong	Exceptional	$3,486Fees	0.127%Below	176
3	UNITED WHOLESALE MORTGAGE, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Exceptional	Exceptional	$3,110Fees	0.109%Above	147
4	Wells Fargo Bank, National AssociationBank	Strong	Strong	Exceptional	Sound	Sound	$2,537Fees	0.067%Above	15
5	CMG MORTGAGE, INC.Independent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Exceptional	$3,182Fees	0.184%Above	320
6	Plains Commerce BankBank	Strong	Acceptable	Exceptional	Strong	Exceptional	$3,476Fees	0.016%Above	169
7	ROCKET MORTGAGE, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Exceptional	Strong	$4,800Fees	0.168%Above	100
8	Dacotah BankBank	Strong	Sound	Strong	Strong	Strong	$2,064Fees	0.045%Above	35
9	LOANDEPOT.COM, LLCIndependent Mortgage Company	Strong	Sound	Exceptional	Strong	Sound	$2,881Fees	0.051%Above	13
10	GRANITE BANKBank	Strong	Acceptable	Strong	Strong	Exceptional	$2,566Fees	0.227%Below	102
11	Gateway First BankBank	Strong	Acceptable	Exceptional	Strong	Strong	$2,191Fees	0.030%Below	77
12	KIND LENDING, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Strong	$3,797Fees	0.130%Above	37
13	PENNYMAC LOAN SERVICES, LLCIndependent Mortgage Company	Strong	Sound	Exceptional	Sound	Sound	$2,688Fees	0.291%Below	31
14	Servion, Inc.Independent Mortgage Company	Strong	Sound	Strong	Strong	Sound	$3,495Fees	0.214%Above	16
15	Security First BankBank	Strong	Strong	Sound	Sound	Sound	$502Fees	0.040%Above	12
16	TOWNE MORTGAGE COMPANYIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Sound	$2,718Fees	0.316%Below	26
17	BANKWEST, INC.Bank	Strong	Sound	Sound	Sound	Strong	$3,773Fees	0.058%Below	25
18	UNION HOME MORTGAGE CORP.Independent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Sound	$2,511Fees	0.433%Above	11
19	AMERICAN PACIFIC MORTGAGE CORPORATIONIndependent Mortgage Company	Strong	Mediocre	Exceptional	Strong	Strong	$6,432Fees	0.563%Above	41
20	NEWREZ LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Sound	Sound	$2,823Fees	0.421%Above	21
21	NATIONSTAR MORTGAGE LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Acceptable	$4,403Fees	0.306%Above	10

How We Rank Lenders

Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.

Our Point System (Max 40 Points)

Pricing

Rate and fee competitiveness (25%)

Pull Through

Reliability in closing loans (25%)

Product

Specialization in the loan type (25%)

Place

Local market expertise (25%)

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.