In 2025, 290 lenders reported 11,644 originated mortgage loans on homes in South Dakota (first-lien purchase and refinance loans on 1-4 unit site-built homes). The loans total about $3.7 billion. The lender with the most loans was Plains Commerce Bank with 1,394, or 12.0% of the state total. The five biggest lenders in the table made 29.6% of all loans.
The South Dakota lenders with the most loans in 2025
| # | Lender | Loans | Total amount | Share of loans |
|---|---|---|---|---|
| 1 | Plains Commerce Bank | 1,394 | $439 million | 12.0% |
| 2 | CMG Mortgage, Inc. | 561 | $201 million | 4.8% |
| 3 | Rocket Mortgage, LLC | 506 | $136 million | 4.3% |
| 4 | First Bank & Trust | 505 | $143 million | 4.3% |
| 5 | First PREMIER Bank | 486 | $156 million | 4.2% |
| 6 | First Dakota National Bank | 452 | $165 million | 3.9% |
| 7 | First International Bank & Trust | 395 | $132 million | 3.4% |
| 8 | United Wholesale Mortgage, LLC | 384 | $133 million | 3.3% |
| 9 | Fairway Independent Mortgage Corporation | 324 | $97 million | 2.8% |
| 10 | Black Hills Federal Credit Union | 304 | $98 million | 2.6% |
| 11 | Dacotah Bank | 300 | $83 million | 2.6% |
| 12 | Mortgage Research Center, LLC | 292 | $94 million | 2.5% |
| 13 | American Bank & Trust | 276 | $78 million | 2.4% |
| 14 | Levo Federal Credit Union | 257 | $73 million | 2.2% |
| 15 | Cortrust Mortgage, Inc. | 227 | $60 million | 1.9% |
The list shows who made the most loans, not who offers the best terms. It counts banks, credit unions and nonbank lenders together and does not show interest rates, fees or approval odds, which depend on your credit, down payment and the day you apply. Always compare quotes from several lenders.
How to read this table
Lenders are listed by the legal name registered for their LEI (legal entity identifier). Loans are counted by the location of the home, so a lender based elsewhere appears if it lends in South Dakota. Method: Originated first-lien purchase and refinance loans on 1-4 unit site-built homes; excludes reverse mortgages, open-end lines of credit and business or commercial purpose loans.
Frequently asked questions
Who is the top mortgage lender in South Dakota?
By number of loans originated in 2025, Plains Commerce Bank led South Dakota with 1,394 loans (HMDA public loan-level data).
How many mortgage lenders are active in South Dakota?
290 lenders reported at least one originated purchase or refinance loan on a 1-4 unit site-built home in South Dakota in 2025.
Does this list show mortgage rates?
No. HMDA data shows how many loans each lender made, not the rates it offers today. Use a rate quote from each lender, and our mortgage payment calculator to compare the monthly cost.