# Best FHA Mortgage Lenders in Rapid City, SD

**As of:** 2026-05-26

Compare the top FHA mortgage lenders in Rapid City, SD. Data-driven rankings based on rates, fees, and approval rates.

> **Canonical URL:** https://saferate.com/rapid-city-sd/best-mortgage-lenders/fha-loans


> **📋 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


## Market Statistics

- **Total Lenders:** 26
- **Total Loans:** 1,510
- **Median Rate Spread:** 0.022799999999999997%

## Top Lenders

| Rank | Lender | SafeRate Score | Pricing | Pull-Through | Volume | Type |
|------|--------|----------------|---------|--------------|--------|------|
| 1 | UNITED WHOLESALE MORTGAGE, LLC | 88 | 52 | 81 | 147 | Independent Mortgage Company |
| 2 | BLACK HILLS FEDERAL CREDIT UNION | 85 | 79 | 65 | 176 | Credit Union |
| 3 | Plains Commerce Bank | 83 | 47 | 66 | 169 | Bank |
| 4 | GRANITE BANK | 79 | 53 | 78 | 102 | Bank |
| 5 | KIND LENDING, LLC | 79 | 55 | 71 | 37 | Independent Mortgage Company |
| 6 | FREEDOM MORTGAGE CORPORATION | 79 | 65 | 62 | 17 | Independent Mortgage Company |
| 7 | CMG MORTGAGE, INC. | 75 | 32 | 79 | 320 | Independent Mortgage Company |
| 8 | ROCKET MORTGAGE, LLC | 75 | 36 | 81 | 100 | Independent Mortgage Company |
| 9 | PENNYMAC LOAN SERVICES, LLC | 73 | 78 | 59 | 31 | Independent Mortgage Company |
| 10 | Gateway First Bank | 71 | 35 | 77 | 77 | Bank |
| 11 | Servion, Inc. | 64 | 52 | 54 | 16 | Independent Mortgage Company |
| 12 | AMERICAN PACIFIC MORTGAGE CORPORATION | 63 | 10 | 81 | 41 | Independent Mortgage Company |
| 13 | NEW AMERICAN FUNDING, LLC | 52 | 19 | 57 | 11 | Independent Mortgage Company |

## Methodology

Safe Rate calculates these rankings using a risk-adjusted, data-driven scoring system based on Home Mortgage Disclosure Act (HMDA) filings. Rather than relying on simple averages, our statistical models control for loan-level risk factors (such as LTV, loan amount, and property value) to evaluate a lender's true competitiveness within Rapid City, SD.

Our composite SafeRate Score is derived using an equal, geometric weighting of the following factors:
1. **Pricing:** Evaluates the lender's interest rates and net fees relative to the market.
2. **Pull-Through:** Measures the percentage of applications that successfully close, indicating reliability and customer service.
3. **Product Knowledge:** Evaluates the lender's specific experience and volume originating the selected loan product.
4. **Local Place Knowledge:** Analyzes the lender's total number of loans originated in the specific geography to determine local market expertise.