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Dacotah Bank

Bank•Aberdeen, SDHQ•Direct•Reviews near you on Google

Dacotah Bank has 357 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Strong
4/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · USDA
Place
Sound
3/5
Multi-Region · 4 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Safe Rate Awards
Conventional Superstar
Conventional
Superstar
FHA Superstar
FHA
Superstar
Purchase Superstar
Purchase
Superstar

Safe Rate Summary

What They Do Well

  • Offers rates 0.30 basis points below market average
  • Lower than average lender fees
  • Strong pull through performance
  • Particularly strong in Conventional and USDA loans

Explore another lender or local market

Report Card

Dacotah Bank performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
Rates 0.3 bps below market avg
4/5
Pull Through
Closing strength
Strong
Top 40% of lenders
4/5
By Loan Product· Specialization by type
Conventional
283 loans · 0.04% above market
Strong
Top 40% of lenders
4/5
FHA
30 loans · 0.07% above market
Sound
Top 60% of lenders
3/5
VA
15 loans · 0.45% below market
Sound
Top 60% of lenders
3/5
USDA
26 loans · 0.47% below market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
328 loans · 0.00% below market
Strong
Top 40% of lenders
4/5
Refinance
29 loans · 0.00% above market
Sound
Top 60% of lenders
3/5
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 5 markets
Strong
Top 40% of lenders
4/5

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Strong
Product
Strong
Pricing
Sound
Pull Through
Strong
Volume283
Mix79.3%
Spread
+0.037%Above
Fees
$1,963Fees
FHA Loans
Overall
Strong
Product
Sound
Pricing
Exceptional
Pull Through
Strong
Volume30
Mix8.4%
Spread
+0.071%Above
Fees
$708Fees
VA Loans
Overall
Sound
Product
Sound
Pricing—
Pull Through—
Volume15
Mix4.2%
Spread
-0.450%Below
Fees
$1,960Fees
USDA Loans
Overall
Strong
Product
Strong
Pricing—
Pull Through
Exceptional
Volume26
Mix7.3%
Spread
-0.474%Below
Fees
$719Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Strong
Product
Strong
Pricing
Strong
Pull Through
Strong
Volume328
Mix91.9%
Spread
-0.004%Below
Fees
$1,795Fees
Refinance
Overall
Sound
Product
Sound
Pricing
Acceptable
Pull Through
Strong
Volume29
Mix8.1%
Spread
+0.003%Above
Fees
$1,948Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
357
Applications
422
Volume
$92 million
Pricing & Closing
Avg Rate Spread
-0.003%
vs. market APOR
Avg Net Fees
$1,809
Origination − Credits
Pullthrough Rate
84.6%
Applications → Closed
Typical Borrower
Avg Loan Amount
$260,266
Avg Borrower Income
$147,751
Avg Property Value
$343,483

Geographic Coverage

Geographic Performance

Metro Areas
4
markets with activity
States Served
11
of 50 states + DC
Avg Place Specialization
Sound
3/5

States with Loan Originations

11Full-year 2024 · HMDA
11 states with loan originations
Loans originated
< 2020–100100+None
Midwest6
IAMIMNNDNESD
South2
FLKY
West3
AZCOID

Top Metro Areas by Place Specialization Score

1© Quintin Soloviev · CC BY 4.0
Rapid City, SDMetro
Volume 35Mix 9.80% of portfolio
68/100
Strong
2© inkknife_2000 (7.5 million views +) · CC BY-SA 2.0
Sioux Falls, SD, SD-MNMetro
Volume 26Mix 7.28% of portfolio
57/100
Sound
3© Nick Smith (ulillillia) · Public domain
Minot, NDMetro
Volume 22Mix 6.16% of portfolio
55/100
Sound
4© Ron Reiring · CC BY 2.0
Fargo, ND, ND-MNMetro
Volume 21Mix 5.88% of portfolio
55/100
Sound

Top States by Place Specialization Score

South Dakota
South Dakota
1
South DakotaState
Volume 256Mix 71.71% of portfolio
86/100
Exceptional
North Dakota
North Dakota
2
North DakotaState
Volume 74Mix 20.73% of portfolio
68/100
Strong
Minnesota
Minnesota
3
MinnesotaState
Volume 16Mix 4.48% of portfolio
45/100
Sound

How We Rank Lenders

Our rankings use an equal-weight average of scores across the 5 Ps — Pricing, Product, Pull-Through, and Place — with lender promptness blending in as the fifth once a lender has responded to real shopper quote requests.

Our Point System (Max 50 Points)

10/ 50 pts
Pricing
How competitively a lender prices vs. the market benchmark (20%).
10/ 50 pts
Product
Performance on your specific loan type (20%).
10/ 50 pts
Pull Through
How reliably a lender closes the loans it starts (20%).
10/ 50 pts
Place
Depth of a lender's expertise in your local market (20%).
10/ 50 pts
Promptness
How quickly a lender answers real quote requests — blended in once they respond (20%).
Champion
Champion(80%+ = 40-50 points)
Superstar
Superstar(60-79% = 30-39 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.