Mortgage lender closing cost rankings in South Dakota (2024)
In South Dakota, homebuyers paid a median of $5,447 in total closing costs on purchase mortgages in 2024, which is below the national median of $6,741. The median interest rate was 6.38% across 7,089 purchase originations. The most active lender was Plains Commerce Bank with 1,376 originations. The lowest-cost lender (with 50+ loans) was First Dakota National Bank at $2,709.
Median Total Costs
$5,447
−19.2% vs national ($6,741)
Median Rate
6.380%
−3.6% vs national (6.620%)
Median Origination
$2,168
Purchase Originations
7,089
By loan type
| Loan type | Volume | Median Rate | Median Total Costs |
|---|---|---|---|
| conventional | 4,461 | 6.500% | $4,498 |
| fha | 1,449 | 6.125% | $7,775 |
| va | 1,000 | 6.250% | $6,624 |
| usda | 179 | 5.750% | $4,956 |
Lowest closing cost lenders in South Dakota
Ranked by median total loan costs among lenders with 50+ purchase originations in South Dakota.
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,709 | 6.500% | $494 | 323 | −$2,738 | |
| 2 | $3,565 | 6.500% | $770 | 156 | −$1,882 | |
| 3 | $3,751 | 6.500% | $1,833 | 77 | −$1,696 | |
| 4 | $3,798 | 6.500% | $1,066 | 140 | −$1,649 | |
| 5 | $4,193 | 6.500% | $1,580 | 239 | −$1,254 | |
| 6 | $4,701 | 6.375% | $1,435 | 188 | −$746 | |
| 7 | $4,845 | 6.125% | $2,495 | 184 | −$602 | |
| 8 | $4,977 | 6.125% | $2,296 | 119 | −$470 | |
| 9 | $4,986 | 6.490% | $1,000 | 254 | −$461 | |
| 10 | $4,999 | 6.625% | $0 | 169 | −$448 | |
| 11 | $5,028 | 6.375% | $3,059 | 106 | −$419 | |
| 12 | $5,060 | 6.500% | $1,851 | 133 | −$387 | |
| 13 | $5,072 | 6.562% | $2,281 | 90 | −$375 | |
| 14 | $5,136 | 6.600% | $1,781 | 105 | −$311 | |
| 15 | $5,299 | 6.375% | $575 | 367 | −$148 | |
| 16 | $5,311 | 6.375% | $1,000 | 102 | −$136 | |
| 17 | $5,593 | 6.250% | $2,820 | 491 | +$146 | |
| 18 | $5,895 | 6.375% | $2,598 | 185 | +$448 | |
| 19 | $6,169 | 6.250% | $2,726 | 1,376 | +$722 | |
| 20 | $6,240 | 6.375% | $3,439 | 239 | +$793 | |
| 21 | $6,596 | 6.250% | $1,195 | 134 | +$1,149 | |
| 22 | $6,802 | 6.500% | $4,141 | 141 | +$1,355 | |
| 23 | $7,192 | 6.750% | $3,119 | 119 | +$1,745 | |
| 24 | $7,481 | 6.625% | $2,631 | 215 | +$2,034 | |
| 25 | $7,579 | 6.500% | $3,270 | 361 | +$2,132 |
Includes lenders with 50+ purchase originations in South Dakota. Source: HMDA 2024. Sorted by median total loan costs.
Rankings by county
Minnehaha County
2,087 originations
Pennington County
1,058 originations
Lincoln County
881 originations
Brown County
273 originations
Codington County
259 originations
Brookings County
234 originations
Meade County
219 originations
Yankton County
182 originations
Davison County
173 originations
Lawrence County
163 originations
Union County
151 originations
Hughes County
126 originations
See South Dakota closing cost details, fee benchmarks, and county comparisons → South Dakota Closing Costs Guide
Found your lender? Make sure their quote is fair.
HMDA data shows industry-wide medians. Your actual quote may differ. Upload your Closing Disclosure or Loan Estimate to see exactly where your fees stand — and get a ready-to-send negotiation email.
Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.