Safe Rate Rankings

Best Conventional Mortgage Bank Lenders in South Dakota

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 Lenders62

Total Loans8,496

Median Rate Spread0.14%

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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	$1,000Fees	0.112%Below	409
2	WEST GATE BANKBank	Exceptional	Exceptional	Exceptional	Exceptional	Sound	$2,643Fees	0.018%Above	24
3	U.S. Bank National AssociationBank	Exceptional	Strong	Exceptional	Strong	Strong	$1,035Fees	0.050%Above	186
4	First National Bank of OmahaBank	Exceptional	Strong	Exceptional	Strong	Strong	$2,348Fees	0.099%Below	143
5	Central BankBank	Exceptional	Strong	Strong	Exceptional	Strong	$3,095Fees	0.197%Below	125
6	First PREMIER BankBank	Exceptional	Strong	Strong	Sound	Exceptional	$1,978Fees	0.094%Below	406
7	First International Bank & TrustBank	Exceptional	Sound	Strong	Exceptional	Exceptional	$1,402Fees	0.166%Below	261
8	Wells Fargo Bank, National AssociationBank	Exceptional	Strong	Exceptional	Sound	Strong	$1,814Fees	0.101%Above	123
9	First Bank & TrustBank	Strong	Sound	Strong	Strong	Exceptional	$2,808Fees	0.156%Below	550
10	Dacotah BankBank	Strong	Sound	Strong	Strong	Exceptional	$1,902Fees	0.022%Below	256
11	American Bank & TrustBank	Strong	Strong	Sound	Sound	Exceptional	$2,147Fees	0.126%Below	243
12	Citizens Bank, National AssociationBank	Strong	Strong	Exceptional	Sound	Sound	$2,648Fees	0.028%Above	25
13	Plains Commerce BankBank	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,993Fees	0.057%Below	1,524
14	JPMorgan Chase Bank, National AssociationBank	Strong	Sound	Exceptional	Strong	Sound	$2,458Fees	0.039%Above	28
15	BANKWEST, INC.Bank	Strong	Sound	Sound	Sound	Exceptional	$3,213Fees	0.049%Below	163
16	Gateway First BankBank	Strong	Acceptable	Exceptional	Strong	Strong	$2,269Fees	0.021%Above	105
17	GRANITE BANKBank	Strong	Acceptable	Strong	Strong	Strong	$2,215Fees	0.129%Below	137
18	Reliabank DakotaBank	Strong	Sound	Sound	Sound	Strong	$2,442Fees	0.085%Below	114
19	Flagstar Bank, N.A.Bank	Strong	Acceptable	Exceptional	Strong	Sound	$1,860Fees	0.221%Above	42
20	First Interstate BankBank	Strong	Sound	Sound	Acceptable	Strong	$1,462Fees	0.316%Above	53
21	USAA Federal Savings BankBank	Strong	Sound	Strong	Acceptable	Sound	$1,946Fees	0.308%Below	38

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.