Safe Rate Rankings

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