# Best Mortgage Lenders in Sioux Falls, SD

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

Compare the top mortgage lenders in Sioux Falls, SD. Data-driven rankings based on pricing, approval rates, and local market expertise.

> **Canonical URL:** https://saferate.com/sioux-falls-sd/best-mortgage-lenders


> **📋 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:** 35
- **Total Loans:** 3,670
- **Median Rate Spread:** 0.015485714285714283%

## Top Lenders

| Rank | Lender | SafeRate Score | Pricing | Pull-Through | Volume | Type |
|------|--------|----------------|---------|--------------|--------|------|
| 1 | Levo Federal Credit Union | 100 | 82 | 81 | 181 | Credit Union |
| 2 | First Dakota National Bank | 93 | 87 | 79 | 219 | Bank |
| 3 | Central Bank | 86 | 63 | 84 | 79 | Bank |
| 4 | First International Bank & Trust | 84 | 60 | 81 | 206 | Bank |
| 5 | IOWA BANKERS MORTGAGE CORPORATION | 84 | 83 | 82 | 26 | Independent Mortgage Company |
| 6 | First National Bank of Omaha | 80 | 67 | 65 | 95 | Bank |
| 7 | U.S. Bank National Association | 80 | 75 | 71 | 76 | Bank |
| 8 | Reliabank Dakota | 80 | 60 | 66 | 71 | Bank |
| 9 | First Bank & Trust | 78 | 59 | 65 | 297 | Bank |
| 10 | First PREMIER Bank | 78 | 73 | 58 | 290 | Bank |
| 11 | UNITED WHOLESALE MORTGAGE, LLC | 78 | 41 | 93 | 72 | Independent Mortgage Company |
| 12 | CORTRUST MORTGAGE, INC. | 73 | 60 | 70 | 77 | Independent Mortgage Company |
| 13 | American Bank & Trust | 73 | 68 | 57 | 73 | Bank |
| 14 | Wells Fargo Bank, National Association | 73 | 63 | 59 | 62 | Bank |
| 15 | CU MORTGAGE DIRECT, LLC | 73 | 57 | 61 | 58 | Independent Mortgage Company |
| 16 | BLACK HILLS FEDERAL CREDIT UNION | 73 | 50 | 67 | 53 | Credit Union |
| 17 | Dacotah Bank | 73 | 61 | 75 | 26 | Bank |
| 18 | Plains Commerce Bank | 68 | 37 | 67 | 1,018 | Bank |
| 19 | FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 68 | 24 | 85 | 185 | Independent Mortgage Company |
| 20 | ROCKET MORTGAGE, LLC | 68 | 29 | 95 | 115 | Independent Mortgage Company |
| 21 | GUARANTEED RATE, INC. | 66 | 41 | 69 | 51 | Independent Mortgage Company |
| 22 | FREEDOM MORTGAGE CORPORATION | 66 | 55 | 67 | 22 | Independent Mortgage Company |
| 23 | CROSSCOUNTRY MORTGAGE, LLC | 63 | 20 | 76 | 103 | Independent Mortgage Company |
| 24 | Mortgage Research Center, LLC | 58 | 34 | 70 | 52 | Independent Mortgage Company |
| 25 | Flagstar Bank, N.A. | 58 | 40 | 76 | 23 | Bank |

## 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 Sioux Falls, 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. **Local Place Knowledge:** Analyzes the lender's total number of loans originated in the specific geography to determine local market expertise.