Safe Rate Rankings

Best Conventional Mortgage Lenders in Sioux Falls

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 Lenders35

Total Loans3,670

Median Rate Spread0.02%

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Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	First Dakota National BankBank	Exceptional	Exceptional	Strong	Strong	Exceptional	$1,213Fees	0.152%Below	219
2	IOWA BANKERS MORTGAGE CORPORATIONIndependent Mortgage Company	Exceptional	Exceptional	Exceptional	Exceptional	Sound	$3,051Fees	0.128%Below	26
3	WEST GATE BANKBank	Exceptional	Exceptional	Exceptional	Exceptional	Sound	$3,680Fees	0.073%Above	11
4	Levo Federal Credit UnionCredit Union	Exceptional	Strong	Sound	Exceptional	Exceptional	$1,896Fees	0.112%Below	181
5	First National Bank of OmahaBank	Exceptional	Strong	Exceptional	Strong	Strong	$2,759Fees	0.169%Below	95
6	Central BankBank	Exceptional	Strong	Strong	Exceptional	Strong	$2,844Fees	0.315%Below	79
7	U.S. Bank National AssociationBank	Exceptional	Strong	Exceptional	Strong	Strong	$1,074Fees	0.022%Below	76
8	First PREMIER BankBank	Exceptional	Strong	Strong	Sound	Exceptional	$2,108Fees	0.105%Below	290
9	First International Bank & TrustBank	Exceptional	Sound	Strong	Exceptional	Exceptional	$1,401Fees	0.158%Below	206
10	Wells Fargo Bank, National AssociationBank	Exceptional	Strong	Exceptional	Sound	Strong	$1,638Fees	0.105%Below	62
11	First Bank & TrustBank	Strong	Sound	Strong	Strong	Exceptional	$3,023Fees	0.153%Below	297
12	Plains Commerce BankBank	Strong	Acceptable	Exceptional	Strong	Exceptional	$3,090Fees	0.099%Below	1,018
13	ROCKET MORTGAGE, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Exceptional	Strong	$4,422Fees	0.343%Above	115
14	CORTRUST MORTGAGE, INC.Independent Mortgage Company	Strong	Sound	Strong	Strong	Strong	$2,818Fees	0.078%Below	77
15	American Bank & TrustBank	Strong	Strong	Sound	Sound	Strong	$2,340Fees	0.305%Below	73
16	UNITED WHOLESALE MORTGAGE, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Exceptional	Strong	$3,500Fees	0.046%Above	72
17	BLACK HILLS FEDERAL CREDIT UNIONCredit Union	Strong	Sound	Strong	Strong	Strong	$2,578Fees	0.139%Below	53
18	JPMorgan Chase Bank, National AssociationBank	Strong	Sound	Exceptional	Strong	Sound	$2,644Fees	0.004%Above	19
19	Citizens Bank, National AssociationBank	Strong	Strong	Exceptional	Sound	Acceptable	$3,657Fees	0.143%Above	10
20	FAIRWAY INDEPENDENT MORTGAGE CORPORATIONIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Strong	$1,947Fees	0.127%Above	185
21	CROSSCOUNTRY MORTGAGE, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Strong	$4,224Fees	0.407%Above	103
22	Dacotah BankBank	Strong	Sound	Strong	Strong	Sound	$2,007Fees	0.452%Below	26
23	PENNYMAC LOAN SERVICES, LLCIndependent Mortgage Company	Strong	Sound	Exceptional	Sound	Sound	$2,378Fees	0.245%Below	14
24	Reliabank DakotaBank	Strong	Sound	Sound	Sound	Strong	$2,232Fees	0.211%Below	71
25	CU MORTGAGE DIRECT, LLCIndependent Mortgage Company	Strong	Sound	Sound	Sound	Strong	$2,608Fees	0.061%Above	58
26	GUARANTEED RATE, INC.Independent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Sound	$3,036Fees	0.180%Above	51
27	Flagstar Bank, N.A.Bank	Strong	Acceptable	Exceptional	Strong	Sound	$2,481Fees	0.380%Above	23
28	PRIMARY RESIDENTIAL MORTGAGE, INC.Independent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Sound	$4,790Fees	0.430%Above	18
29	CMG MORTGAGE, INC.Independent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Sound	$2,632Fees	0.243%Above	12
30	First Interstate BankBank	Sound	Sound	Sound	Acceptable	Sound	$1,543Fees	0.248%Above	12

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.