Mortgage lending in Rapid City, SD
3,629 mortgages were originated in the Rapid City, SD area in 2025, and here is what they cost.
30-year fixed, this week
6.71%
Freddie Mac's survey average for the week of September 3, 2026 — a year earlier it was 6.56%, and the past year ranged 5.98–6.71%. The figures below are from 2025 filings and do not move with the market. Rate history
- Loans originated
- 3,629
- Median rate
- 6.500%
- Median lender fees
- $6,291
The going rate is the federal "average prime offer rate" for a comparable loan; 0.5 means half a percentage point above it.
- Median loan amount
- $285,000
- Above the going rate (spread over APOR)
- 0.160
- Paid discount points
- 39.7%
- Received lender credits
- 23.8%
- Purchases / refinances
- 57.3% / 30.2%
- Conventional / FHA / VA
- 63.1% / 14.4% / 20.9%
Figures are medians of loans actually originated in 2025, as reported under the Home Mortgage Disclosure Act. They describe what borrowers received, not what you would be offered: HMDA contains no credit scores, so these numbers cannot be read as pricing for any individual. Lender fees are reported for 70.1% of loans here — see methodology.
Who lent here
Lenders with at least 50 loans in the Rapid City, SD area, ranked by volume.
| Lender | Loans | Median fees | Median rate |
|---|---|---|---|
| CMG Mortgage, Inc. | 556 | $7,780 | 6.250% |
| Black Hills Federal Credit Union | 462 | $6,226 | 7.750% |
| United Shore Financial Services, LLC | 193 | $6,375 | 6.125% |
| Rocket Mortgage, LLC | 190 | $5,809 | 6.500% |
| Plains Commerce Bank | 168 | $7,424 | 6.250% |
| Granite Bank | 165 | $7,327 | 6.125% |
| Mortgage Research Center, LLC | 116 | $6,069 | 6.188% |
| American Neighborhood Mortgage Acceptance Company LLC | 108 | $7,243 | 6.375% |
| Gateway First Bank | 101 | $3,902 | 6.313% |
| Pennymac Loan Services, LLC | 90 | $3,465 | 6.750% |