Mortgage lending in Sioux Falls, SD-MN
7,224 mortgages were originated in the Sioux Falls, SD-MN area in 2025, and here is what they cost.
30-year fixed, this week
6.58%
Freddie Mac’s survey average for the week of July 23, 2026 — a year earlier it was 6.75%, and the past year ranged 5.98–6.72%. The figures below are from 2025 filings and do not move with the market. Rate history
- Loans originated
- 7,224
- Median rate
- 6.500%
- Median lender fees
- $4,746
- Median loan amount
- $245,000
- Median spread over APOR
- 0.153
- Paid discount points
- 24.2%
- Received lender credits
- 23.3%
- Purchases / refinances
- 58.2% / 28.6%
- Conventional / FHA / VA
- 79.2% / 12.6% / 7.8%
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 64.3% of loans here — see methodology.
Who lent here
Lenders with at least 50 loans in the Sioux Falls, SD-MN area, ranked by volume.
| Lender | Loans | Median fees | Median rate |
|---|---|---|---|
| Plains Commerce Bank | 1,045 | $6,478 | 6.250% |
| First PREMIER Bank | 681 | $4,942 | 6.875% |
| Levo Federal Credit Union | 512 | $750 | 7.500% |
| First International Bank & Trust | 442 | $3,846 | 6.500% |
| First Bank & Trust | 427 | $5,338 | 6.500% |
| First Dakota National Bank | 294 | $2,840 | 6.500% |
| Fairway Independent Mortgage Corporation | 258 | $5,708 | 6.250% |
| Central Bank | 242 | $5,926 | 6.490% |
| Rocket Mortgage, LLC | 227 | $5,164 | 6.750% |
| U.S. Bank National Association | 179 | $3,417 | 7.650% |