Top Mortgage Lenders in South Dakota (2025)
In 2025, 333 lenders made 17,103 home loans worth $4.8 billion in South Dakota, according to Home Mortgage Disclosure Act (HMDA) data. The five largest made 28.7% of them. Plains Commerce Bank made the most. Below: the top 25 lenders overall, then the top lenders for each kind of loan.
The 25 largest mortgage lenders in South Dakota, 2025
Ranked by the number of home loans each lender made (originated) in South Dakota in 2025, wherever the lender is based.
| # | Lender | Loans made | Loan volume | Avg. loan | Market share | Denial rate |
|---|---|---|---|---|---|---|
| 1 | Plains Commerce Bank Hoven, SD | 1,570 | $467.2M | $298,000 | 9.2% | 7.4% |
| 2 | First Bank & Trust Brookings, SD | 972 | $212.9M | $219,000 | 5.7% | 13.1% |
| 3 | First Premier Bank Sioux Falls, SD | 942 | $223.8M | $238,000 | 5.5% | 14.4% |
| 4 | Black Hills Federal Credit Union Rapid City, SD | 738 | $143.9M | $195,000 | 4.3% | 26.2% |
| 5 | CMG Mortgage Inc San Ramon, IL | 689 | $227.3M | $330,000 | 4.0% | 2.7% |
| 6 | First Dakota National Bak Yankton, SD | 576 | $220.6M | $383,000 | 3.4% | 5.2% |
| 7 | Levo Federal Credit Union Sioux Falls, SD | 541 | $97.1M | $179,000 | 3.2% | 7.5% |
| 8 | First International Bank & Trust Minot, ND | 503 | $156.1M | $310,000 | 2.9% | 4.7% |
| 9 | Bankwest, Inc. Pierre, SD | 494 | $115.1M | $233,000 | 2.9% | 18.2% |
| 10 | Dacotah Bank Aberdeen, SD | 433 | $115.1M | $266,000 | 2.5% | 6.5% |
| 11 | United Wholesale Mortgage Plymouth, MI | 426 | $141.8M | $333,000 | 2.5% | 10.8% |
| 12 | American Bank & Trust Sioux Falls, SD | 417 | $144.9M | $348,000 | 2.4% | 14.9% |
| 13 | US Bank, N.A. Cincinnati, OH | 392 | $89.8M | $229,000 | 2.3% | 27.6% |
| 14 | Fairway Independent Mort Corp Madison, WI | 375 | $105.9M | $282,000 | 2.2% | 2.8% |
| 15 | First Interstate Bank Billings, MT | 364 | $67.1M | $184,000 | 2.1% | 30.2% |
| 16 | Central Bank Storm Lake, IA | 304 | $97.5M | $321,000 | 1.8% | 6.2% |
| 17 | Mortgage Research Center Columbia, MO | 298 | $94.8M | $318,000 | 1.7% | 24.7% |
| 18 | Cortrust Bank Mitchell, SD | 270 | $38.8M | $144,000 | 1.6% | 7.1% |
| 19 | Granite Bank Cold Spring, MN | 229 | $61.8M | $270,000 | 1.3% | 10.2% |
| 20 | Cortrust Mortgage, Inc. Sioux Falls, SD | 229 | $60.7M | $265,000 | 1.3% | 6.5% |
| 21 | First National Bank Pierre, SD | 189 | $53.8M | $284,000 | 1.1% | 10.4% |
| 22 | PennyMac Loan Services LLC Westlake Village, CA | 187 | $45.8M | $245,000 | 1.1% | 14.5% |
| 23 | Crosscountry Mortgage, LLC Cleveland, OH | 175 | $47.3M | $270,000 | 1.0% | 5.3% |
| 24 | Guaranteed Rate, Inc. Chicago, IL | 173 | $51.3M | $297,000 | 1.0% | 12.3% |
| 25 | The First National Bank in Sioux Falls Sioux Falls, SD | 170 | $55.4M | $326,000 | 1.0% | 2.3% |
Top Home Purchase Lenders in South Dakota
265 lenders made 9,879 home purchase loans worth $3.2 billion in 2025. Nationwide ranking
| # | Lender | Loans made | Market share |
|---|---|---|---|
| 1 | Plains Commerce Bank Hoven, SD | 1,292 | 13.1% |
| 2 | CMG Mortgage Inc San Ramon, IL | 562 | 5.7% |
| 3 | First Bank & Trust Brookings, SD | 556 | 5.6% |
| 4 | First Premier Bank Sioux Falls, SD | 483 | 4.9% |
| 5 | First Dakota National Bak Yankton, SD | 416 | 4.2% |
| 6 | Bankwest, Inc. Pierre, SD | 362 | 3.7% |
| 7 | First International Bank & Trust Minot, ND | 353 | 3.6% |
| 8 | American Bank & Trust Sioux Falls, SD | 311 | 3.1% |
| 9 | Fairway Independent Mort Corp Madison, WI | 304 | 3.1% |
| 10 | Dacotah Bank Aberdeen, SD | 298 | 3.0% |
Top Refinance Lenders in South Dakota
174 lenders made 2,672 refinance loans worth $833.2 million in 2025. Nationwide ranking
| # | Lender | Loans made | Market share |
|---|---|---|---|
| 1 | First Premier Bank Sioux Falls, SD | 202 | 7.6% |
| 2 | Plains Commerce Bank Hoven, SD | 164 | 6.1% |
| 3 | First Bank & Trust Brookings, SD | 150 | 5.6% |
| 4 | United Wholesale Mortgage Plymouth, MI | 133 | 5.0% |
| 5 | Black Hills Federal Credit Union Rapid City, SD | 133 | 5.0% |
| 6 | Freedom Mortgage Corporation Boca Raton, FL | 119 | 4.5% |
| 7 | Cortrust Bank Mitchell, SD | 113 | 4.2% |
| 8 | First Dakota National Bak Yankton, SD | 99 | 3.7% |
| 9 | CMG Mortgage Inc San Ramon, IL | 83 | 3.1% |
| 10 | First Interstate Bank Billings, MT | 82 | 3.1% |
Top Cash-Out Refinance Lenders in South Dakota
123 lenders made 2,211 cash-out refinance loans worth $478.4 million in 2025. Nationwide ranking
| # | Lender | Loans made | Market share |
|---|---|---|---|
| 1 | Levo Federal Credit Union Sioux Falls, SD | 381 | 17.2% |
| 2 | Black Hills Federal Credit Union Rapid City, SD | 92 | 4.2% |
| 3 | Plains Commerce Bank Hoven, SD | 73 | 3.3% |
| 4 | United Wholesale Mortgage Plymouth, MI | 68 | 3.1% |
| 5 | US Bank, N.A. Cincinnati, OH | 58 | 2.6% |
| 6 | Amerisave Mortgage Company Sandy Springs, GA | 58 | 2.6% |
| 7 | Voyage Federal Credit Union Sioux Falls, SD | 54 | 2.4% |
| 8 | Bankwest, Inc. Pierre, SD | 44 | 2.0% |
| 9 | First Premier Bank Sioux Falls, SD | 40 | 1.8% |
| 10 | CMG Mortgage Inc San Ramon, IL | 38 | 1.7% |
Top FHA Lenders in South Dakota
108 lenders made 2,207 FHA loans worth $593.0 million in 2025. Nationwide ranking
| # | Lender | Loans made | Market share |
|---|---|---|---|
| 1 | Plains Commerce Bank Hoven, SD | 360 | 16.3% |
| 2 | CMG Mortgage Inc San Ramon, IL | 135 | 6.1% |
| 3 | Fairway Independent Mort Corp Madison, WI | 130 | 5.9% |
| 4 | First Premier Bank Sioux Falls, SD | 107 | 4.8% |
| 5 | United Wholesale Mortgage Plymouth, MI | 81 | 3.7% |
| 6 | First Bank & Trust Brookings, SD | 77 | 3.5% |
| 7 | First International Bank & Trust Minot, ND | 67 | 3.0% |
| 8 | Granite Bank Cold Spring, MN | 61 | 2.8% |
| 9 | Crosscountry Mortgage, LLC Cleveland, OH | 53 | 2.4% |
| 10 | Black Hills Federal Credit Union Rapid City, SD | 52 | 2.4% |
Top VA Lenders in South Dakota
95 lenders made 1,872 VA loans worth $685.3 million in 2025. Nationwide ranking
| # | Lender | Loans made | Market share |
|---|---|---|---|
| 1 | Mortgage Research Center Columbia, MO | 275 | 14.7% |
| 2 | Plains Commerce Bank Hoven, SD | 153 | 8.2% |
| 3 | CMG Mortgage Inc San Ramon, IL | 148 | 7.9% |
| 4 | United Wholesale Mortgage Plymouth, MI | 128 | 6.8% |
| 5 | Freedom Mortgage Corporation Boca Raton, FL | 107 | 5.7% |
| 6 | Newrez LLC Fort Washington, PA | 67 | 3.6% |
| 7 | Navy Federal Credit Union Vienna, VA | 47 | 2.5% |
| 8 | Fairway Independent Mort Corp Madison, WI | 40 | 2.1% |
| 9 | New Day Financial, Llc. West Palm Beach, FL | 39 | 2.1% |
| 10 | Granite Bank Cold Spring, MN | 38 | 2.0% |
Top USDA Lenders in South Dakota
34 lenders made 207 USDA loans worth $39.6 million in 2025. Nationwide ranking
| # | Lender | Loans made | Market share |
|---|---|---|---|
| 1 | CMG Mortgage Inc San Ramon, IL | 43 | 20.8% |
| 2 | Bankwest, Inc. Pierre, SD | 16 | 7.7% |
| 3 | American Bank & Trust Sioux Falls, SD | 14 | 6.8% |
| 4 | Plains Commerce Bank Hoven, SD | 13 | 6.3% |
| 5 | Dacotah Bank Aberdeen, SD | 12 | 5.8% |
| 6 | First Dakota National Bak Yankton, SD | 12 | 5.8% |
| 7 | Fairway Independent Mort Corp Madison, WI | 12 | 5.8% |
| 8 | First Bank & Trust Brookings, SD | 8 | 3.9% |
| 9 | Gateway First Bank Jenks, OK | 6 | 2.9% |
| 10 | Levo Federal Credit Union Sioux Falls, SD | 6 | 2.9% |
Get the lender lists
The South Dakota mortgage lender list has the 89 lenders based in South Dakota, with addresses, phone numbers and their applications and dollar volume every year since 2003 ($49 for 2025, $98 for 2003–2025). The U.S. lender list has all 17,667 lenders, including the national lenders ranked above.
South Dakota lender list U.S. lender listHow this ranking works
- Source: the loan records lenders filed for 2025 under the Home Mortgage Disclosure Act, published by the FFIEC and the CFPB in 2026, totaled by lender for homes in South Dakota.
- Lenders are ranked by loans made, the number of loans they originated; loan volume is those loans' total amount. Loans bought from other lenders are not counted.
- Market share is the lender's share of all such loans made in South Dakota. Denial rate is applications denied, divided by applications approved or denied.
- Lenders are listed under the name and city on their HMDA filing. Lenders that have asked not to appear on AllMortgageDetail are left out.
More on South Dakota
South Dakota mortgage data by county and metro area · mortgage lenders by city in South Dakota
Nationwide rankings: All loans · Purchase · Refinance · Cash-out refi · FHA · VA · USDA
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