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 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% |
