What are the average closing costs in Minnehaha County County?

In Minnehaha County County, the median total loan costs on purchase mortgages were $5,485 in 2024, based on 2,087 originations.

Which lender has the lowest closing costs in Minnehaha County County?

Among lenders with 10+ originations in Minnehaha County County, U.S. Bank National Association had the lowest median total closing costs at $2,269 in 2024.

How do closing costs in Minnehaha County County compare to South Dakota?

Minnehaha County County closing costs (median $5,485) are 0.7% above the South Dakota state median of $5,447.

Lowest closing cost mortgage lenders in Minnehaha County County, South Dakota

In Minnehaha County, South Dakota, homebuyers paid a median of $5,485 in closing costs in 2024 — near the South Dakota median of $5,447. The county saw 2,087 purchase mortgages at a median rate of 6.38%. Among lenders with 10+ originations, U.S. Bank National Association offered the lowest median costs at $2,269, which is $1,957 less than the county median.

Homebuyers in Minnehaha County County who chose U.S. Bank National Association paid $3,216 less in closing costs than the county median.

County Median Costs

$5,485

+0.7% vs South Dakota ($5,447)

Median Rate

6.380%

−3.6% vs national (6.620%)

Median Origination

$1,848

Purchase Originations

2,087

vs South Dakota Median

0.7% above

$38

vs National Median

18.6% below

$-1,256

Lender rankings in Minnehaha County County

24 lenders with 10+ originations, ranked by median total loan costs.

Rank	Lender	Median Total Costs ↑	Median Rate ↕	Median Origination ↕	Volume ↕	vs. Median
1	U.S. Bank National Association	$2,269	6.375%	$770	39	−$1,957
2	First Dakota National Bank	$2,490	6.625%	$494	98	−$1,736
3	Dacotah Bank	$2,616	6.125%	$945	14	−$1,610
4	FAIRWAY INDEPENDENT MORTGAGE CORPORATION	$2,868	6.625%	$1,590	69	−$1,358
5	First International Bank & Trust	$2,980	6.500%	$815	61	−$1,246
6	American Bank & Trust	$3,229	6.250%	$1,837	23	−$997
7	Wells Fargo Bank, National Association	$3,584	6.375%	$1,979	24	−$642
8	First PREMIER Bank	$3,673	6.500%	$575	122	−$553
9	GUARANTEED RATE, INC.	$3,844	6.525%	$2,166	14	−$382
10	Levo Federal Credit Union	$3,886	6.250%	$2,243	56	−$340
11	JPMorgan Chase Bank, National Association	$4,061	5.990%	$1,835	11	−$165
12	Reliabank Dakota	$4,128	6.688%	$2,603	26	−$98
13	IOWA BANKERS MORTGAGE CORPORATION	$4,279	6.438%	$2,652	10	+$53
14	CORTRUST MORTGAGE, INC.	$4,738	6.250%	$2,750	40	+$512
15	BLACK HILLS FEDERAL CREDIT UNION	$4,925	6.250%	$2,843	20	+$699
16	Central Bank	$4,949	6.125%	$3,096	40	+$723
17	CU MORTGAGE DIRECT, LLC	$5,010	6.500%	$3,495	23	+$784
18	First National Bank of Omaha	$5,084	6.375%	$3,280	35	+$858
19	Plains Commerce Bank	$5,104	6.375%	$3,463	397	+$878
20	FIRST BANK & TRUST	$5,348	6.438%	$3,423	106	+$1,122
21	UNITED WHOLESALE MORTGAGE, LLC	$6,420	6.625%	$4,965	21	+$2,194
22	CROSSCOUNTRY MORTGAGE, LLC	$6,455	6.812%	$4,856	26	+$2,229
23	ROCKET MORTGAGE, LLC	$6,513	6.625%	$4,403	10	+$2,287

Includes lenders with 10+ purchase originations in Minnehaha County County. Source: HMDA 2024. Sorted by median total loan costs.

View detailed closing cost breakdowns and user reviews for lenders in South Dakota → Lender Directory

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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.