Which mortgage lender in the Aberdeen, SD area typically has the best rates? To help you narrow down where to shop for a mortgage, MortgageWaldo.com provides an objective and data driven ranking of mortgage lenders operating in the Aberdeen, SD area by interest rate and market share. We maintain our independence by not accepting any compensation from the mortgage lenders we rank, and use data on all fixed rate mortgages that were closed in the past year to generate our rankings.
Going by historical data, the best mortgage lender in the Aberdeen, SD area in terms of interest rate is CorTrust Bank, with an average “Rate Difference” of -0.07%. This means that, comparing similar borrowers, CorTrust Bank provided a -0.07% lower interest rate for its customers than other lenders in the area. CorTrust Bank has a market share of 15.4%. On the other hand, the most popular lender in the Aberdeen, SD area is Dacotah Bank, with a larger market share of 21.2%. Dacotah Bank is also a relatively cheap lender, with a “Rate Difference” of -0.05% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Aberdeen, SD area is shown in the table below. In the table, we also give our assessment of whether they are, on average, a cheap/expensive lender through a star rating system. You can choose to tailor our ranking table to a specific mortgage type (Conventional/Jumbo/FHA/VA) and purpose (purchase/refinance) through the drop-down menu. Going by historical data, CorTrust Bank is the cheapest mortgage provider for Conventional, Jumbo, FHA, and VA mortgages in Aberdeen, SD. Note that as a consumer advocate we always recommend shopping among several of our top ranked lenders in order to get the best rates and fees.
Ranking of Mortgage Lenders in Aberdeen, SD
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| CorTrust Bank | -0.07% | 15.43% | |
| Dacotah Bank | -0.05% | 21.19% | |
| Great Western Bank | 0.01% | 11.11% | |
| US Bank | 0.01% | 7.41% | |
| Wells Fargo Bank | 0.03% | 13.79% | |
| Plains Commerce Bank | 0.03% | 16.05% | |
| Quicken Loans | 0.07% | 6.79% | |
| AMEC Home Loans | 0.07% | 8.23% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| CorTrust Bank | -0.07% | 15.69% | |
| Great Western Bank | -0.04% | 10.58% | |
| Dacotah Bank | -0.02% | 20.07% | |
| US Bank | -0.02% | 6.57% | |
| Quicken Loans | 0.03% | 4.01% | |
| Wells Fargo Bank | 0.03% | 13.50% | |
| Plains Commerce Bank | 0.04% | 17.52% | |
| AMEC Home Loans | 0.07% | 12.04% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Dacotah Bank | -0.08% | 22.64% | |
| CorTrust Bank | -0.08% | 15.09% | |
| Plains Commerce Bank | 0.02% | 14.15% | |
| Wells Fargo Bank | 0.04% | 14.15% | |
| AMEC Home Loans | 0.04% | 3.30% | |
| US Bank | 0.05% | 8.49% | |
| Great Western Bank | 0.06% | 11.79% | |
| Quicken Loans | 0.10% | 10.38% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| CorTrust Bank | -0.08% | 15.36% | |
| Dacotah Bank | -0.05% | 25.78% | |
| Great Western Bank | 0.02% | 11.72% | |
| US Bank | 0.02% | 7.55% | |
| Wells Fargo Bank | 0.04% | 16.15% | |
| Plains Commerce Bank | 0.05% | 13.54% | |
| AMEC Home Loans | 0.07% | 4.43% | |
| Quicken Loans | 0.10% | 5.47% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| CorTrust Bank | -0.07% | 15.20% | |
| Great Western Bank | -0.04% | 11.27% | |
| Dacotah Bank | -0.02% | 25.00% | |
| US Bank | -0.02% | 6.86% | |
| Wells Fargo Bank | 0.04% | 15.69% | |
| Quicken Loans | 0.04% | 2.94% | |
| Plains Commerce Bank | 0.07% | 15.69% | |
| AMEC Home Loans | 0.07% | 7.35% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| CorTrust Bank | -0.09% | 15.56% | |
| Dacotah Bank | -0.08% | 26.67% | |
| Plains Commerce Bank | 0.03% | 11.11% | |
| Wells Fargo Bank | 0.04% | 16.67% | |
| AMEC Home Loans | 0.04% | 1.11% | |
| US Bank | 0.06% | 8.33% | |
| Great Western Bank | 0.08% | 12.22% | |
| Quicken Loans | 0.13% | 8.33% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| CorTrust Bank | -0.07% | 13.43% | |
| Great Western Bank | -0.04% | 7.46% | |
| US Bank | -0.03% | 4.48% | |
| Plains Commerce Bank | -0.02% | 32.84% | |
| Wells Fargo Bank | -0.00% | 1.49% | |
| Quicken Loans | 0.02% | 11.94% | |
| AMEC Home Loans | 0.06% | 28.36% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| CorTrust Bank | -0.08% | 17.39% | |
| Great Western Bank | -0.05% | 6.52% | |
| US Bank | -0.03% | 6.52% | |
| Plains Commerce Bank | -0.02% | 28.26% | |
| Wells Fargo Bank | -0.01% | 2.17% | |
| Quicken Loans | 0.01% | 6.52% | |
| AMEC Home Loans | 0.08% | 32.61% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Great Western Bank | -0.04% | 9.52% | |
| Plains Commerce Bank | -0.01% | 42.86% | |
| CorTrust Bank | -0.01% | 4.76% | |
| AMEC Home Loans | 0.01% | 19.05% | |
| Quicken Loans | 0.03% | 23.81% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| CorTrust Bank | 0.00% | 16.67% | |
| US Bank | 0.00% | 50.00% | |
| Great Western Bank | 0.00% | 16.67% | |
| Wells Fargo Bank | 0.00% | 16.67% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| CorTrust Bank | 0.00% | 33.33% | |
| Great Western Bank | 0.00% | 33.33% | |
| Wells Fargo Bank | 0.00% | 33.33% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| US Bank | 0.00% | 100.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| CorTrust Bank | -0.03% | 20.69% | |
| Wells Fargo Bank | -0.01% | 10.34% | |
| Dacotah Bank | 0.00% | 13.79% | |
| Plains Commerce Bank | 0.01% | 13.79% | |
| US Bank | 0.01% | 3.45% | |
| Great Western Bank | 0.01% | 10.34% | |
| Quicken Loans | 0.01% | 13.79% | |
| AMEC Home Loans | 0.02% | 13.79% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| CorTrust Bank | -0.03% | 14.29% | |
| Wells Fargo Bank | -0.01% | 14.29% | |
| Dacotah Bank | 0.00% | 19.05% | |
| US Bank | 0.00% | 4.76% | |
| Plains Commerce Bank | 0.01% | 14.29% | |
| Quicken Loans | 0.01% | 9.52% | |
| Great Western Bank | 0.01% | 9.52% | |
| AMEC Home Loans | 0.02% | 14.29% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| CorTrust Bank | -0.02% | 37.50% | |
| Great Western Bank | 0.00% | 12.50% | |
| Plains Commerce Bank | 0.00% | 12.50% | |
| AMEC Home Loans | 0.01% | 12.50% | |
| Quicken Loans | 0.02% | 25.00% |
* Data is compiled for the Aberdeen, SD commuting zone area, which comprises of counties of Brown County, SD, Edmunds County, SD, Faulk County, SD, McPherson County, SD, and Spink County, SD. This includes cities/towns/communities of Aberdeen, SD as well as Hecla, SD, Groton, SD, Ipswich, SD, Redfield, SD, Faulkton, SD, Mellette, SD, Eureka, SD, Bowdle, SD, and Doland, SD. Lenders must have made at least 30 loans in the area to be included. Source of the data is Federal Financial Institutions Examination Council (FFIEC). Rate Difference (the average difference of interest rates relative to those of other lenders) were computed by subtracting the rate at origination from the average predicted rate conditional on the commuting zone, borrower LTV, DTI, Loan Amount, Loan Type, and Loan Purpose, and then regularized based on a Bayesian approach to account for smaller sample sizes. Above-average mortgage closing costs were then added to the rate difference at a rate of +0.15/point. Star ratings were determined in intervals of 0.10% in rate difference per half star.
Mortgage Lender Rankings in Other Cities
This page contains information about the top mortgage lenders in the Aberdeen, SD area. For mortgage lender rankings in other cities, click here.