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Our rankings are earned, not bought. We analyze 2,347 lenders using federal HMDA data—no pay-to-play, no cherry-picking. You see the best options based on performance metrics, not advertising dollars.

Best Conventional Mortgage Lenders in South Dakota

Updated February 6, 2026

Market Overview

Total Lenders

8,496

Total Loans

0.14%

Median Rate Spread

Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Spread	Volume
1	First Dakota National Bank	Exceptional	Exceptional	Strong	Strong	Exceptional	$1,000	-0.112%	409
2	IOWA BANKERS MORTGAGE CORPORATION	Exceptional	Exceptional	Exceptional	Exceptional	Sound	$2,905	-0.053%	50
3	WEST GATE BANK	Exceptional	Exceptional	Exceptional	Exceptional	Sound	$2,643	+0.018%	24
4	Levo Federal Credit Union	Exceptional	Strong	Sound	Exceptional	Exceptional	$1,876	-0.110%	200
5	U.S. Bank National Association	Exceptional	Strong	Exceptional	Strong	Strong	$1,035	+0.050%	186
6	First National Bank of Omaha	Exceptional	Strong	Exceptional	Strong	Strong	$2,348	-0.099%	143
7	Central Bank	Exceptional	Strong	Strong	Exceptional	Strong	$3,095	-0.197%	125
8	NAVY FEDERAL CREDIT UNION	Exceptional	Exceptional	Exceptional	Sound	Sound	$442	-0.545%	28
9	First PREMIER Bank	Exceptional	Strong	Strong	Sound	Exceptional	$1,978	-0.094%	406
10	First International Bank & Trust	Exceptional	Sound	Strong	Exceptional	Exceptional	$1,402	-0.166%	261
11	Wells Fargo Bank, National Association	Exceptional	Strong	Exceptional	Sound	Strong	$1,814	+0.101%	123
12	First Bank & Trust	Strong	Sound	Strong	Strong	Exceptional	$2,808	-0.156%	550
13	BLACK HILLS FEDERAL CREDIT UNION	Strong	Sound	Strong	Strong	Exceptional	$3,279	-0.112%	305
14	Dacotah Bank	Strong	Sound	Strong	Strong	Exceptional	$1,902	-0.022%	256
15	American Bank & Trust	Strong	Strong	Sound	Sound	Exceptional	$2,147	-0.126%	243
16	CORTRUST MORTGAGE, INC.	Strong	Sound	Strong	Strong	Exceptional	$2,385	-0.063%	203
17	Citizens Bank, National Association	Strong	Strong	Exceptional	Sound	Sound	$2,648	+0.028%	25
18	Plains Commerce Bank	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,993	-0.057%	1,524
19	ROCKET MORTGAGE, LLC	Strong	Acceptable	Exceptional	Exceptional	Strong	$4,351	+0.367%	430
20	UNITED WHOLESALE MORTGAGE, LLC	Strong	Acceptable	Exceptional	Exceptional	Strong	$3,283	+0.118%	273
21	LOANDEPOT.COM, LLC	Strong	Sound	Exceptional	Strong	Sound	$3,353	+0.257%	52
22	MUTUAL OF OMAHA MORTGAGE, INC.	Strong	Strong	Strong	Sound	Sound	$2,412	-0.033%	33
23	JPMorgan Chase Bank, National Association	Strong	Sound	Exceptional	Strong	Sound	$2,458	+0.039%	28
24	CMG MORTGAGE, INC.	Strong	Acceptable	Exceptional	Strong	Strong	$3,165	+0.200%	395
25	FAIRWAY INDEPENDENT MORTGAGE CORPORATION	Strong	Acceptable	Exceptional	Strong	Strong	$2,181	+0.166%	276
26	GUARANTEED RATE, INC.	Strong	Acceptable	Exceptional	Strong	Strong	$2,595	+0.308%	166
27	BANKWEST, INC.	Strong	Sound	Sound	Sound	Exceptional	$3,213	-0.049%	163
28	CROSSCOUNTRY MORTGAGE, LLC	Strong	Acceptable	Exceptional	Strong	Strong	$4,319	+0.433%	126
29	Gateway First Bank	Strong	Acceptable	Exceptional	Strong	Strong	$2,269	+0.021%	105
30	PENNYMAC LOAN SERVICES, LLC	Strong	Sound	Exceptional	Sound	Sound	$2,633	-0.268%	67
31	Servion, Inc.	Strong	Sound	Strong	Strong	Sound	$3,124	+0.280%	33
32	GRANITE BANK	Strong	Acceptable	Strong	Strong	Strong	$2,215	-0.129%	137
33	CU MORTGAGE DIRECT, LLC	Strong	Sound	Sound	Sound	Strong	$2,486	+0.050%	123
34	Reliabank Dakota	Strong	Sound	Sound	Sound	Strong	$2,442	-0.085%	114
35	FREEDOM MORTGAGE CORPORATION	Strong	Sound	Strong	Sound	Sound	$2,766	+0.406%	68
36	KIND LENDING, LLC	Strong	Acceptable	Exceptional	Strong	Sound	$3,831	+0.176%	57
37	Flagstar Bank, N.A.	Strong	Acceptable	Exceptional	Strong	Sound	$1,860	+0.221%	42
38	NATIONSTAR MORTGAGE LLC	Strong	Acceptable	Exceptional	Strong	Sound	$3,672	+0.332%	30
39	TOWNE MORTGAGE COMPANY	Strong	Acceptable	Exceptional	Strong	Sound	$2,574	-0.295%	27
40	CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP	Strong	Acceptable	Exceptional	Strong	Sound	$4,312	+0.965%	24
41	PRIMARY RESIDENTIAL MORTGAGE, INC.	Strong	Acceptable	Exceptional	Strong	Sound	$4,559	+0.508%	18
42	Mortgage Research Center, LLC	Strong	Acceptable	Strong	Sound	Strong	$1,213	+0.559%	177
43	First Interstate Bank	Strong	Sound	Sound	Acceptable	Strong	$1,462	+0.316%	53
44	NEWREZ LLC	Strong	Acceptable	Exceptional	Sound	Sound	$2,886	+0.311%	39
45	USAA Federal Savings Bank	Strong	Sound	Strong	Acceptable	Sound	$1,946	-0.308%	38
46	NEW AMERICAN FUNDING, LLC	Strong	Acceptable	Exceptional	Sound	Sound	$3,699	+0.656%	28
47	AMERICAN PACIFIC MORTGAGE CORPORATION	Sound	Mediocre	Exceptional	Strong	Sound	$5,967	+0.490%	52
48	SIOUXLAND FEDERAL CREDIT UNION	Sound	Acceptable	Sound	Strong	Sound	$2,317	-0.169%	18
49	Farm Credit Mid-America, ACA	Sound	Mediocre	Strong	Sound	Strong	$5,728	+0.577%	66

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.

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