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South Dakota Best Mortgage Lenders

Author: Data Team

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The MFP Home Loan Lenders Community Survey gathers South Dakota’s homeowners feedback and lender recommendations for home loans in the state. Shopping for a new home loan can be complicated and we gathered data below to help your choice.

 

Updated: June 9, 2025

 

<< Human Powered Recommendations >>

 
 

South Dakota Best Home Loan Lenders

 

Sioux Falls, Rapid City, Aberdeen, Brookings, Watertown, Mitchell, Yankton, Online lenders.

 

South Dakota Home Loans Lenders Satisfaction

 

Performance and satisfaction of home purchase loan lenders across South Dakota by lenders type.

 
Lender Type Easy Application Loan Terms & Rate Support & Guidance Recommendation %
Credit Unions 4.30 4.43 4.41 84%
Community Banks 4.53 4.52 4.48 87%
Banks 4.21 4.32 4.26 81%
Online Lenders 4.17 4.10 4.23 90%
 

Recommendations are gathered from 691 South Dakota members who shopped and requested a home loan mortgage in the past 12 months:

 
  • Loan Application (0 to 5): How easy it is to apply for your new home mortgage loan. How fast can it be done. What’s the amount of information asked. How fast do you get an answer for your loan.
  • Loan Term& Rate (0 to 5): Are you satisfied with the loan rate offered and loan term available? Are you satisfied with the fees or absence of fees?
  • Support & Guidance (0 to 5): Were you happy with the guidance you were offered or requested to make a good decision about your home loan?
  • Recommendation (yes/no): Do you recommend this lender after going through the process?
 
 

More Loan Information for South Dakota Homeowners:

Home Refinance Mortgage

Home Refinance Loan Calculator

Home Equity Loan & HELOC

Home Equity Loan Calculator

Loans Comparison Calculator: Heloc, Cash-Out, Home Equity, Renovation.

More South Dakota Homeowners Resources.

 
 
 
 

Sioux Falls Best Home Loan Lenders

 

MFP’s Community Lenders Survey most recommended home purchase lenders in Sioux Falls’s area are The First National Bank in Sioux Falls, Sunrise Banks and Dacotah Bank.

 

The First National Bank in Sioux Falls (92% Recommend)

  • Highest in Loan Terms & Rate Satisfaction (4.8) and Support & Guidance (4.7) among top 3.
  • Consistently praised for seamless application process and personalized mortgage solutions.

Sunrise Banks (89% Recommend)

  • Top-rated in Easy Application (4.9) and competitive Recommend % (89%).
  • Liked for transparent rate structures and responsive Homeowners service.

Dacotah Bank (87% Recommend)

  • Balanced high scores in Loan Terms (4.6) and Support & Guidance (4.5).
  • Frequently highlighted for flexible loan options and local expertise.
 
 
Lenders Type Easy Application Loan Terms & Rate Support & Guidance Recommend %
The First National Bank in Sioux Falls Bank 4.5 4.8 4.7 92%
Sunrise Banks Community Bank 4.9 4.5 4.6 89%
Dacotah Bank Bank 4.4 4.6 4.5 87%
Bluestone Federal Credit Union Credit Union 4.3 4.4 4.5 85%
Central Bank Bank 4.2 4.3 4.4 83%
USDA Rural Development (Section 502 Direct Loan) Government Program 3.8 4.7 4.2 81%
SD Housing Participating Lenders Community Bank 4.0 4.2 4.1 80%
First Premier Bank Bank 4.1 4.0 4.0 78%
Great Western Bank Bank 4.0 4.1 3.9 77%
MetaBank Bank 3.9 4.0 3.8 75%
CorTrust Bank Bank 3.8 3.9 3.9 74%
First Dakota National Bank Bank 3.7 3.8 3.8 72%
BankWest Bank 3.6 3.7 3.7 70%
Plains Commerce Bank Bank 3.5 3.6 3.6 68%
American Bank & Trust Bank 3.4 3.5 3.5 65%
 
 
 

Rapid City Best Home Loan Lenders

 

MFP’s Community Lenders Survey most recommended home purchase lenders in Rapid City’s area are Black Hills Community Bank, First Bank & Trust and First Dakota National Bank.

 

Black Hills Community Bank (94% Recommend)

  • Highest in Loan Terms & Rate Satisfaction (4.9) and Support & Guidance (4.8) among top 3.
  • Loved for local decision-making and streamlined closing process.

First Bank & Trust (91% Recommend)

  • Top-rated in Easy Application (4.8) with strong overall scores across all categories.
  • Recognized for personalized service and community-focused lending.

First Dakota National Bank (89% Recommend)

  • Balanced high scores in Loan Terms (4.7) and Support & Guidance (4.6).
  • Frequently highlighted for competitive rates and experienced mortgage team.
 
 
Lenders Type Easy Application Loan Terms & Rate Support & Guidance Recommend %
Black Hills Community Bank Community Bank 4.7 4.9 4.8 94%
First Bank & Trust Bank 4.8 4.7 4.7 91%
First Dakota National Bank Bank 4.5 4.7 4.6 89%
Dacotah Bank Bank 4.4 4.6 4.5 87%
Bluestone Credit Union Credit Union 4.3 4.5 4.5 85%
BankWest Bank 4.2 4.4 4.3 83%
Reliabank Dakota Bank 4.1 4.3 4.2 80%
Security First Bank Bank 4.0 4.2 4.1 78%
American Bank & Trust Bank 3.9 4.1 4.0 75%
Dakotaland Credit Union Credit Union 3.8 4.0 3.9 72%
 
 
 

Aberdeen Best Home Loan Lenders

 

MFP’s Community Lenders Survey most recommended home purchase lenders in Aberdeen’s area are Dacotah Bank, First Interstate Bank and Dakotaland Credit Union.

 

Dacotah Bank (93% Recommend)

  • Highest in Loan Terms & Rate Satisfaction (4.8) and Support & Guidance (4.7) among top 3.
  • Homeowners feedback highlight exceptional local decision-making and community commitment.

First Interstate Bank (90% Recommend)

  • Top-rated in Easy Application (4.7) with strong performance across all evaluation metrics.
  • Loved for personalized mortgage solutions and experienced lending team.

Dakotaland Credit Union (88% Recommend)

  • NCUA-insured with 4.6 Support & Guidance rating and competitive member rates.
  • Users feedback emphasize seamless home loan processes and local expertise.
 
 
Lenders Type Easy Application Loan Terms & Rate Satisfaction Support & Guidance Recommend %
Dacotah Bank Bank 4.6 4.8 4.7 93%
First Interstate Bank Bank 4.7 4.6 4.6 90%
Dakotaland Credit Union Credit Union 4.5 4.6 4.6 88%
American Bank & Trust Bank 4.4 4.5 4.5 85%
Healthcare Plus Credit Union Credit Union 4.3 4.4 4.4 83%
First Dakota National Bank Bank 4.2 4.3 4.3 80%
BankWest Bank 4.1 4.2 4.2 78%
Reliabank Dakota Bank 4.0 4.1 4.1 75%
Central Bank Bank 3.9 4.0 4.0 72%
First Bank & Trust Bank 3.8 3.9 3.9 70%
 
 
 

Brookings Best Home Loan Lenders

 

MFP’s Community Lenders Survey most recommended home purchase lenders in Brookings’s area are First Bank & Trust, Dacotah Bank and Dakotaland Credit Union.

 

First Bank & Trust (92% Recommend)

  • Highest in Loan Terms & Rate Satisfaction (4.8) and Support & Guidance (4.7) among top 3.
  • Homeowners feedback highlight exceptional local service and competitive mortgage options.

Dacotah Bank (89% Recommend)

  • Top-rated in Easy Application (4.7) with strong performance across all evaluation metrics.
  • Loved for personalized mortgage solutions and experienced lending team.

Dakotaland Credit Union (87% Recommend)

  • NCUA-insured with 4.6 Support & Guidance rating and competitive member rates.
  • Users feedback emphasize seamless home loan processes and local expertise.
 
 
Lenders Type Easy Application Loan Terms & Rate Satisfaction Support & Guidance Recommend %
First Bank & Trust Bank 4.6 4.8 4.7 92%
Dacotah Bank Bank 4.7 4.6 4.6 89%
Dakotaland Credit Union Credit Union 4.5 4.6 4.6 87%
First Dakota National Bank Bank 4.4 4.5 4.5 85%
Bank Midwest Bank 4.3 4.4 4.4 83%
Reliabank Dakota Bank 4.2 4.3 4.3 80%
BankWest Bank 4.1 4.2 4.2 78%
Healthcare Plus Credit Union Credit Union 4.0 4.1 4.1 75%
 
 
 

Watertown Best Home Loan Lenders

 

MFP’s Community Lenders Survey most recommended home purchase lenders in Watertown’s area are Dakotaland Federal Credit Union, First Interstate Bank and Dacotah Bank.

 

Dakotaland Federal Credit Union (94% Recommend)

  • Highest in Loan Terms & Rate Satisfaction (4.8) and Support & Guidance (4.7) among top 3.
  • Users feedback highlight “seamless process” and “best rates in the area” for home loans.

First Interstate Bank (91% Recommend)

  • Top-rated in Easy Application (4.7) with strong performance across all evaluation metrics.
  • Loved for personalized service and experienced mortgage specialists.

Dacotah Bank (88% Recommend)

  • Balanced high scores in Loan Terms (4.6) and Support & Guidance (4.5).
  • Frequently recognized for local decision-making and community-focused lending.
 
 
Lenders Type Easy Application Loan Terms & Rate Satisfaction Support & Guidance Recommend %
Dakotaland Federal Credit Union Credit Union 4.6 4.8 4.7 94%
First Interstate Bank Bank 4.7 4.6 4.6 91%
Dacotah Bank Bank 4.5 4.6 4.5 88%
First Premier Bank Bank 4.4 4.5 4.4 85%
American Bank & Trust Bank 4.3 4.4 4.3 83%
Reliabank Dakota Bank 4.2 4.3 4.2 80%
First Dakota National Bank Bank 4.1 4.2 4.1 78%
Plains Commerce Bank Bank 4.0 4.1 4.0 75%
 
 
 

Mitchell Best Home Loan Lenders

 

MFP’s Community Lenders Survey most recommended home purchase lenders in Mitchell’s area are First Dakota National Bank, CorTrust Bank and First Interstate Bank.

 

First Dakota National Bank (93% Recommend)

  • Highest in Loan Terms & Rate Satisfaction (4.8) and Support & Guidance (4.7) among top 3.
  • Homeowners feedback highlight “exceptional local service” and “competitive mortgage rates.”

CorTrust Bank (90% Recommend)

  • Top-rated in Easy Application (4.7) with strong performance across all evaluation metrics.
  • Loved for personalized service and community-focused lending approach.

First Interstate Bank (88% Recommend)

  • Balanced high scores in Loan Terms (4.6) and Support & Guidance (4.5).
  • Frequently recognized for experienced mortgage specialists and streamlined processes.
 
 
Lenders Type Easy Application Loan Terms & Rate Satisfaction Support & Guidance Recommend %
First Dakota National Bank Bank 4.6 4.8 4.7 93%
CorTrust Bank Community Bank 4.7 4.6 4.6 90%
First Interstate Bank Bank 4.5 4.6 4.5 88%
BankWest Bank 4.4 4.5 4.4 85%
FNBO Bank 4.3 4.4 4.3 83%
Farmers State Bank Community Bank 4.2 4.3 4.2 80%
American Bank & Trust Bank 4.1 4.2 4.1 78%
Reliabank Dakota Bank 4.0 4.1 4.0 75%
 
 
 

Yankton Best Home Loan Lenders

 

MFP’s Community Lenders Survey most recommended home purchase lenders in Yankton’s area are First Dakota National Bank, CorTrust Bank and Dakotaland Federal Credit Union.

 

First Dakota National Bank (93% Recommend)

  • Highest in Loan Terms & Rate Satisfaction (4.8) and Support & Guidance (4.7) among top 3.
  • Homeowners feedback highlight “exceptional local service” and “competitive mortgage rates.”

CorTrust Bank (90% Recommend)

  • Top-rated in Easy Application (4.7) with strong performance across all evaluation metrics.
  • Loved for personalized service and community-focused lending approach.

Dakotaland Federal Credit Union (88% Recommend)

  • NCUA-insured with 4.6 Support & Guidance rating and competitive member rates.
  • Users feedback emphasize “seamless process” and “best rates in the area.”
 
 
Lenders Type Easy Application Loan Terms & Rate Satisfaction Support & Guidance Recommend %
First Dakota National Bank Bank 4.6 4.8 4.7 93%
CorTrust Bank Community Bank 4.7 4.6 4.6 90%
Dakotaland Federal Credit Union Credit Union 4.5 4.6 4.6 88%
First Interstate Bank Bank 4.4 4.5 4.4 85%
FNBO Bank 4.3 4.4 4.3 83%
Explorers Credit Union Credit Union 4.2 4.3 4.2 80%
BankWest Bank 4.1 4.2 4.1 78%
American Bank & Trust Bank 4.0 4.1 4.0 75%
 
 
 

South Dakota Best Online Home Loan Lenders

 

MFP’s Home Purchase Lenders Survey: Top online home purchase lenders for South Dakota residents are Rocket Mortgage, Guaranteed Rate, and First National Bank.

 
 
Lender Loan Amounts APR Range Loan Terms Easy Application Rate Satisfaction Support & Guidance Recommend %
Rocket Mortgage $100K – $3M 5.99% – 7.25% 10/15/20/30 5.0 4.5 4.5 98%
Guaranteed Rate $100K – $2.5M 6.10% – 7.40% 10/15/20/30 4.5 4.5 4.5 96%
First National Bank $100K – $2M 6.25% – 8.50% 15/20/30 4.5 4.5 5.0 95%
First Dakota National Bank $100K – $1.5M 6.30% – 8.25% 15/20/30 4.5 4.0 4.5 94%
Dacotah Bank $100K – $2M 6.40% – 8.60% 15/20/30 4.0 4.0 4.5 93%
BankWest $100K – $1.5M 6.50% – 8.75% 15/20/30 4.0 4.0 4.0 92%
First Premier Bank $100K – $2M 6.60% – 9.00% 15/20/30 4.0 4.0 4.0 91%
Black Hills Federal Credit Union $50K – $1M 5.95% – 7.60% 15/20/30 4.0 4.0 4.5 90%
First Interstate Bank $100K – $2M 6.70% – 9.25% 15/20/30 4.0 4.0 4.0 89%
American Bank & Trust $100K – $1.5M 6.80% – 9.50% 15/20/30 4.0 4.0 4.0 88%
Frontier Bank $100K – $2M 6.90% – 9.75% 15/20/30 4.0 4.0 4.0 87%
First Bank & Trust $100K – $2M 6.75% – 9.25% 15/20/30 4.0 4.0 4.0 86%
First International Bank & Trust $100K – $2M 6.85% – 9.50% 15/20/30 4.0 4.0 4.0 85%
Black Hills Community Bank $100K – $1.5M 6.95% – 9.75% 15/20/30 4.0 4.0 4.0 84%
BankFirst $100K – $1.5M 7.00% – 10.00% 15/20/30 4.0 4.0 4.0 83%
 

The MFP Refinance Lenders Community Survey gathers South Dakota’s homeowners feedback and lender recommendations for home refinance loans in the state. Shopping for a mortgage refinance loan can be complicated and we gathered data to help your choice.

 

Updated: April 30, 2025

 

<< Human Powered Recommendations >>

 
 

South Dakota Best Home Refinance Loans Lenders

 

Sioux Falls, Rapid City, Aberdeen, Brookings, Watertown, Mitchell, Yankton, Online lenders.

 
Lender Type Easy Application Loan Terms & Rate Support & Guidance Recommendation Rate
Credit Unions 4.5 4.1 4.5 90%
Community Banks 3.6 3.7 3.7 79%
Banks 3.7 3.9 4.0 83%
Online Lenders 4.4 4.3 4.4 90%
 

Recommendations are gathered from 691 South Dakota members who shopped and requested a home refinance mortgage in the past 12 months:

 
  • – Loan Application (0 to 5): How easy it is to apply for the home refinance mortgage loan. How fast can it be done. What’s the amount of information asked. How fast do you get an answer for your loan.
  • – Loan Term& Rate (0 to 5): Are you satisfied with the loan rate offered and loan term available? Are you satisfied with the fees or absence of fees?
  • – Support & Guidance (0 to 5): Were you happy with the guidance you were offered or requested to make a good decision about your home refinance?
  • – Recommendation (yes/no): Do you recommend this lender after going through the process?
 
 
 

More Loan Information for South Dakota Homeowners:

Home Refinance Mortgage

Home Refinance Loan Calculator

Home Equity Loan & HELOC

Home Equity Loan Calculator

Loans Comparison Calculator: Heloc, Cash-Out, Home Equity, Renovation.

More South Dakota Homeowners Resources.

 
 
 

Sioux Falls Best Refinance Lenders

 

MFP’s Community Lenders Survey most recommended refinance lenders in Sioux Falls’s area are First Premier Bank, Sioux Falls Federal Credit Union and Great Western Bank.

 
 
Lenders Type Easy Application Loan Terms & Rate Support & Guidance Recommend %
First Premier Bank Bank 4.5 4.5 4.5 92%
Sioux Falls Federal Credit Union Credit Union 4.5 4.0 4.5 89%
Great Western Bank Bank 4.0 4.5 4.0 87%
First National Bank Sioux Falls Bank 4.0 4.0 4.0 85%
MetaBank Bank 3.5 4.0 4.0 83%
Dacotah Bank Community Bank 4.0 3.5 4.0 82%
First Dakota National Bank Bank 3.5 4.0 3.5 80%
Security National Bank Bank 3.5 3.5 3.5 78%
Plains Commerce Bank Community Bank 3.5 3.5 3.5 77%
First Bank & Trust Bank 3.0 3.5 3.5 75%
Union Bank & Trust Bank 3.0 3.5 3.0 74%
CorTrust Bank Bank 3.0 3.0 3.5 72%
BankWest Bank 3.0 3.0 3.0 70%
Gateway First Bank Bank 3.0 3.0 3.0 68%
Farmers State Bank Community Bank 2.5 3.0 3.0 65%
 
 
 

Rapid City Best Refinance Lenders

 

MFP’s Community Lenders Survey most recommended refinance lenders in Rapid City’s area are Black Hills Federal Credit Union, First Interstate Bank, and Dacotah Bank.

 
 
Lenders Type Easy Application Loan Terms & Rate Support & Guidance Recommend %
Black Hills Federal Credit Union Credit Union 4.5 4.5 4.5 91%
First Interstate Bank Bank 4.0 4.5 4.0 88%
Dacotah Bank Community Bank 4.0 4.0 4.0 86%
Great Western Bank Bank 3.5 4.0 4.0 84%
First National Bank Rapid City Bank 3.5 4.0 3.5 82%
Rushmore State Bank Community Bank 3.5 3.5 4.0 80%
BankWest Bank 3.5 3.5 3.5 78%
First Bank & Trust Bank 3.0 3.5 3.5 75%
CorTrust Bank Bank 3.0 3.5 3.0 73%
Farmers State Bank Community Bank 3.0 3.0 3.0 70%
 
 
 

Aberdeen Best Refinance Lenders

 

MFP’s Community Lenders Survey most recommended refinance lenders in Aberdeen’s area are Dacotah Bank, Dacotah Credit Union, and First National Bank Aberdeen.

 
 
Lenders Type Easy Application Loan Terms & Rate Support & Guidance Recommend %
Dacotah Bank Community Bank 4.5 4.5 4.5 92%
Dacotah Credit Union Credit Union 4.5 4.0 4.5 90%
First National Bank Aberdeen Bank 4.0 4.5 4.0 88%
Great Western Bank Bank 4.0 4.0 4.0 85%
First State Bank Community Bank 3.5 4.0 4.0 83%
First Dakota National Bank Bank 3.5 3.5 4.0 80%
American Bank & Trust Bank 3.5 3.5 3.5 78%
BankWest Bank 3.0 3.5 3.5 75%
Plains Commerce Bank Community Bank 3.0 3.5 3.0 73%
Farmers State Bank Community Bank 3.0 3.0 3.0 70%
 
 
 

Brookings Best Refinance Lenders

 

MFP’s Community Lenders Survey most recommended refinance lenders in Brookings’s area are First Bank & Trust, Great Western Bank, and Dacotah Bank.

 
 
Lenders Type Easy Application Loan Terms & Rate Support & Guidance Recommend %
First Bank & Trust Bank 4.5 4.5 4.5 91%
Great Western Bank Bank 4.0 4.5 4.0 88%
Dacotah Bank Community Bank 4.0 4.0 4.0 86%
First National Bank Brookings Bank 3.5 4.0 4.0 84%
BankFirst Community Bank 3.5 3.5 4.0 82%
First Dakota National Bank Bank 3.5 3.5 3.5 80%
Farmers State Bank Community Bank 3.0 3.5 3.5 78%
 
 
 

Watertown Best Refinance Lenders

 

MFP’s Community Lenders Survey most recommended refinance lenders in Watertown’s area are First Premier Bank, Glacial Lakes Bank & Trust, and Dacotah Bank.

 
 
Lenders Type Easy Application Loan Terms & Rate Support & Guidance Recommend %
First Premier Bank Bank 4.5 4.5 4.5 93%
Glacial Lakes Bank & Trust Community Bank 4.5 4.0 4.5 90%
Dacotah Bank Community Bank 4.0 4.5 4.0 88%
First Bank & Trust Bank 4.0 4.0 4.0 86%
Great Western Bank Bank 3.5 4.0 4.0 84%
First National Bank Watertown Bank 3.5 3.5 4.0 82%
Farmers State Bank Community Bank 3.0 3.5 3.5 79%
 
 
 

Mitchell Best Refinance Lenders

 

MFP’s Community Lenders Survey most recommended refinance lenders in Mitchell’s area are First Dakota National Bank, First National Bank Mitchell, and Great Western Bank.

 
 
Lenders Type Easy Application Loan Terms & Rate Support & Guidance Recommend %
First Dakota National Bank Bank 4.5 4.5 4.5 92%
First National Bank Mitchell Bank 4.5 4.0 4.5 89%
Great Western Bank Bank 4.0 4.5 4.0 87%
Dacotah Bank Community Bank 4.0 4.0 4.0 85%
First Bank & Trust Bank 3.5 4.0 4.0 83%
BankWest Bank 3.5 3.5 4.0 81%
Plains Commerce Bank Community Bank 3.0 3.5 3.5 78%
 
 
 

Yankton Best Refinance Lenders

 

MFP’s Community Lenders Survey most recommended refinance lenders in Yankton’s area are First Dakota National Bank, Yankton Federal Credit Union, and Great Western Bank.

 
 
Lenders Type Easy Application Loan Terms & Rate Support & Guidance Recommend %
First Dakota National Bank Bank 4.5 4.5 4.5 93%
Yankton Federal Credit Union Credit Union 4.5 4.0 4.5 90%
Great Western Bank Bank 4.0 4.5 4.0 88%
First National Bank Yankton Bank 4.0 4.0 4.0 86%
Dacotah Bank Community Bank 3.5 4.0 4.0 84%
First Bank & Trust Bank 3.5 3.5 4.0 82%
BankWest Bank 3.0 3.5 3.5 79%
 
 
 

South Dakota Best Online Refinance Lenders

 

MFP’s Community Lenders Survey most recommended online refinance lenders in South Dakota are Rocket Mortgage, Bank of America (Digital Mortgage) and SoFi.

 
 
Lenders Loan Amounts APR Range Loan Terms Easy Application Rate Satisfaction Support and Guidance Recommend (%)
Rocket Mortgage $50k-$3M 3.25%-6.75% 10-30 years 5.0 4.5 4.5 94%
Bank of America $100k-$5M 3.50%-6.99% 10-30 years 4.5 4.5 4.5 92%
Wells Fargo $100k-$3M 3.75%-7.25% 15-30 years 4.5 4.0 4.5 90%
First National Bank Sioux Falls $50k-$2M 3.50%-6.50% 10-30 years 4.0 4.5 4.5 89%
SoFi $50k-$5M 3.50%-7.25% 10-30 years 4.5 4.5 4.5 92%
Great Western Bank $50k-$2M 3.75%-6.75% 15-30 years 4.0 4.0 4.5 88%
Better Mortgage $100k-$4M 3.75%-7.00% 15-30 years 4.5 4.0 4.5 90%
Dacotah Bank $50k-$1.5M 3.50%-6.25% 15-30 years 4.0 4.5 4.0 87%
LoanDepot $50k-$3M 3.50%-6.99% 10-30 years 4.5 4.0 4.0 88%
First Interstate Bank $100k-$2M 3.75%-6.50% 15-30 years 4.0 4.0 4.5 86%
 
 

 
 
 

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