SIOUX FALLS Mortgage Rates
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Sioux Falls averaged
5.63%
for the week of 2022-06-23, compared to the national average of
5.81% for the same period.
The average rate for the prior week (2022-06-16) was
5.8% and
one month ago for the week of 2022-05-19, the
average rate was 5.17%.
Sioux Falls's average rate one year ago was 2.98%.
For refis of the same type during the week of 2022-06-23, the average rate
was 5.46%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-06-23 | 5.81% |
| Sioux Falls 30 Year Fixed Rate | 2022-06-23 | 5.63% |
| Sioux Falls 30 Year Fixed Rate Refi | 2022-06-23 | 5.46% |
| Sioux Falls 15 Year Fixed Rate | 2022-06-23 | 4.98% |
| Sioux Falls 15 Year Fixed Rate Refi | 2022-06-23 | 4.68% |
| Sioux Falls 30 Year FHA | 2022-06-23 | -0.08% |
| Sioux Falls 30 Year FHA Refi | 2022-06-23 | -0.35% |
| Sioux Falls 30 Year USDA | 2022-06-23 | -0.3% |
| Sioux Falls 30 Year USDA Refi | 2022-06-23 | -0.36% |
| Sioux Falls 30 Year VA | 2022-06-23 | -0.05% |
| Sioux Falls 30 Year VA Refi | 2022-06-23 | -0.09% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within SIOUX FALLS, SD.
SIOUX FALLS Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the SIOUX FALLS, SD market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
SIOUX FALLS, SD's 155 lenders originated 13,888
loans during 2021. The total origination value was $3,687,300,000, with an average loan value of
$265,503.
The top SIOUX FALLS lender as defined by loan originations is Plains Commerce Bank, with
1,542 loans originated. Their average total fees are
$3,894, which is $159
higher than the next largest lender,
First PREMIER Bank.
The lowest fee SIOUX FALLS lenders (with over 10 loans originated) are
KELLER MORTGAGE, LLC ($1,708), FREEDOM MORTGAGE CORPORATION ($1,985), Dacotah Bank ($2,655), CALIBER HOME LOANS, INC. ($2,671) and BETTER MORTGAGE CORPORATION ($2,802).
The lowest rate SIOUX FALLS lenders (with over 10 loans originated) are
AmeriHome Mortgage Company, LLC (2.71%), SIOUX FALLS (2.74%), The First National Bank in Sioux Falls (2.74%), First Bank & Trust (2.80%) and American State Bank (2.85%).
SIOUX FALLS, SD Lender Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| Plains Commerce Bank | $850,290,000 | $620,320,000 | -27.0% | 16.8% |
| First PREMIER Bank | $387,300,000 | $351,320,000 | -9.3% | 9.5% |
| First Dakota National Bank | $316,245,000 | $237,625,000 | -24.9% | 6.4% |
| First Bank & Trust | $94,740,000 | $232,160,000 | 145.0% | 6.3% |
| SIOUX FALLS | $257,420,000 | $156,630,000 | -39.2% | 4.2% |
| Wells Fargo Bank | $102,050,000 | $131,340,000 | 28.7% | 3.6% |
| The First National Bank in Sioux Falls | $162,020,000 | $114,250,000 | -29.5% | 3.1% |
| Great Western Bank | $127,930,000 | $102,640,000 | -19.8% | 2.8% |
| CORTRUST MORTGAGE, INC. | $192,305,000 | $95,550,000 | -50.3% | 2.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $88,515,000 | $85,510,000 | -3.4% | 2.3% |
| Reliabank Dakota | $114,265,000 | $83,905,000 | -26.6% | 2.3% |
| Central Bank | $56,855,000 | $83,100,000 | 46.2% | 2.3% |
| U.S. Bank | $107,305,000 | $82,975,000 | -22.7% | 2.3% |
| QUICKEN LOANS, LLC | $82,475,000 | $82,945,000 | 0.6% | 2.2% |
| First International Bank & Trust | $660,000 | $82,280,000 | 12,366.7% | 2.2% |
| CU MORTGAGE DIRECT, LLC | $137,830,000 | $79,730,000 | -42.2% | 2.2% |
| Grandbridge Real Estate Capital LLC | $108,425,000 | $71,885,000 | -33.7% | 1.9% |
| American Bank & Trust | $111,270,000 | $66,985,000 | -39.8% | 1.8% |
| GUARANTEED RATE, INC. | $67,055,000 | $58,145,000 | -13.3% | 1.6% |
| CorTrust Bank | $9,905,000 | $56,090,000 | 466.3% | 1.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $71,150,000 | $44,465,000 | -37.5% | 1.2% |
| JONES LANG LASALLE MULTIFAMILY, LLC | $44,270,000 | n/a | 1.2% | |
| VERIDIAN CREDIT UNION | $225,000 | $36,485,000 | 16,115.6% | 1.0% |
| Security National Bank of South Dakota | $31,370,000 | n/a | 0.9% | |
| UNITED WHOLESALE MORTGAGE, LLC | $99,680,000 | $30,730,000 | -69.2% | 0.8% |
| BLACK HILLS FEDERAL CREDIT UNION | $49,140,000 | $25,960,000 | -47.2% | 0.7% |
| Heritage Bank | $21,450,000 | $23,750,000 | 10.7% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $20,650,000 | $23,335,000 | 13.0% | 0.6% |
| Mortgage Research Center, LLC | $18,945,000 | $22,530,000 | 18.9% | 0.6% |
| American State Bank | $22,280,000 | $20,885,000 | -6.3% | 0.6% |
| CALIBER HOME LOANS, INC. | $25,165,000 | $19,910,000 | -20.9% | 0.5% |
| Flagstar Bank, FSB | $36,835,000 | $19,470,000 | -47.1% | 0.5% |
| LOANDEPOT.COM, LLC | $9,930,000 | $19,270,000 | 94.1% | 0.5% |
| River Bank | $18,755,000 | n/a | 0.5% | |
| PENNYMAC LOAN SERVICES, LLC | $12,395,000 | $16,755,000 | 35.2% | 0.5% |
| First Savings Bank | $1,855,000 | $15,835,000 | 753.6% | 0.4% |
| Minnwest Bank | $17,105,000 | $15,365,000 | -10.2% | 0.4% |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $56,250,000 | $14,980,000 | -73.4% | 0.4% |
| Cornerstone Bank | $3,460,000 | $14,755,000 | 326.4% | 0.4% |
| Citizens Bank | $33,950,000 | $14,085,000 | -58.5% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $5,955,000 | $13,050,000 | 119.1% | 0.4% |
| IOWA BANKERS MORTGAGE CORPORATION | $15,460,000 | $12,715,000 | -17.8% | 0.3% |
| SERVICE FIRST FEDERAL CREDIT UNION | $83,980,000 | $11,710,000 | -86.1% | 0.3% |
| Dacotah Bank | $25,025,000 | $11,320,000 | -54.8% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $11,535,000 | $10,300,000 | -10.7% | 0.3% |
| HOME POINT FINANCIAL CORPORATION | $8,005,000 | $10,155,000 | 26.9% | 0.3% |
| VOYAGE FEDERAL CREDIT UNION | $10,850,000 | $10,085,000 | -7.1% | 0.3% |
| KELLER MORTGAGE, LLC | $16,645,000 | $9,635,000 | -42.1% | 0.3% |
| Flanagan State Bank | $19,160,000 | $8,620,000 | -55.0% | 0.2% |
| Farm Credit Mid-America, ACA | $6,285,000 | $8,525,000 | 35.6% | 0.2% |
| NAVY FEDERAL CREDIT UNION | $3,495,000 | $8,290,000 | 137.2% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $4,835,000 | $8,075,000 | 67.0% | 0.2% |
| BETTER MORTGAGE CORPORATION | $4,845,000 | $7,200,000 | 48.6% | 0.2% |
| Merchants Bank of Indiana | $16,200,000 | $7,200,000 | -55.6% | 0.2% |
| BANKWEST, INC. | $8,545,000 | $6,785,000 | -20.6% | 0.2% |
| Independent Bank | $495,000 | $6,570,000 | 1,227.3% | 0.2% |
| DAS Acquisition Company, LLC | $3,585,000 | $6,450,000 | 79.9% | 0.2% |
| JPMorgan Chase Bank | $4,765,000 | $6,120,000 | 28.4% | 0.2% |
| NEW DAY FINANCIAL, LLC | $2,610,000 | $4,990,000 | 91.2% | 0.1% |
| NEWREZ LLC | $3,830,000 | $4,880,000 | 27.4% | 0.1% |
| VILLAGE CAPITAL & INVESTMENT LLC | $3,565,000 | $4,280,000 | 20.1% | 0.1% |
| Home Federal Savings Bank | $245,000 | $4,080,000 | 1,565.3% | 0.1% |
| Liberty National Bank | $8,500,000 | $4,025,000 | -52.6% | 0.1% |
| Carrington Mortgage Services, LLC | $2,020,000 | $3,825,000 | 89.4% | 0.1% |
| Bank of America | $3,650,000 | $3,745,000 | 2.6% | 0.1% |
| First National Bank | $4,850,000 | $3,740,000 | -22.9% | 0.1% |
| AmeriHome Mortgage Company, LLC | $3,730,000 | n/a | 0.1% | |
| Westbury Bank | $3,605,000 | n/a | 0.1% | |
| USAA Federal Savings Bank | $7,225,000 | $3,390,000 | -53.1% | 0.1% |
| BROKER SOLUTIONS, INC. | $3,975,000 | $3,320,000 | -16.5% | 0.1% |
| Truist Bank | $1,230,000 | $3,230,000 | 162.6% | 0.1% |
| Premier Bank | $4,135,000 | $3,120,000 | -24.5% | 0.1% |
| Starion Bank | $2,855,000 | n/a | 0.1% | |
| CMG MORTGAGE, INC. | $1,960,000 | $2,785,000 | 42.1% | 0.1% |
| First National Bank of Omaha | $865,000 | $2,575,000 | 197.7% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $3,760,000 | $2,470,000 | -34.3% | 0.1% |
| Bremer Bank | $890,000 | $2,450,000 | 175.3% | 0.1% |
| Bell Bank | $355,000 | $2,350,000 | 562.0% | 0.1% |
| GUILD MORTGAGE COMPANY | $790,000 | $2,315,000 | 193.0% | 0.1% |
| Ally Bank | $2,305,000 | n/a | 0.1% | |
| Arvest Bank | $1,265,000 | $2,295,000 | 81.4% | 0.1% |
| Northwest Bank | $4,340,000 | $2,180,000 | -49.8% | 0.1% |
| Midwest Heritage Bank FSB | $1,795,000 | $2,170,000 | 20.9% | 0.1% |
| TCF National Bank | $3,055,000 | $2,170,000 | -29.0% | 0.1% |
| North American Savings Bank, F.S.B. | $1,970,000 | $2,145,000 | 8.9% | 0.1% |
| Peoples Bank | $805,000 | $2,120,000 | 163.4% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,545,000 | $2,105,000 | 36.2% | 0.1% |
| The Federal Savings Bank | $4,760,000 | $1,935,000 | -59.3% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $1,370,000 | $1,930,000 | 40.9% | 0.1% |
| WALKER & DUNLOP, LLC | $1,815,000 | n/a | 0.0% | |
| Chickasaw Community Bank | $505,000 | $1,785,000 | 253.5% | 0.0% |
| Cedar Rapids Bank and Trust Company | $1,775,000 | n/a | 0.0% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $2,650,000 | $1,745,000 | -34.2% | 0.0% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $3,210,000 | $1,650,000 | -48.6% | 0.0% |
| UBS Bank USA | $1,565,000 | n/a | 0.0% | |
| OPEN MORTGAGE, LLC | $1,490,000 | $1,540,000 | 3.4% | 0.0% |
| Morgan Stanley Private Bank | $385,000 | $1,520,000 | 294.8% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $1,475,000 | n/a | 0.0% | |
| Paramount Bank | $185,000 | $1,475,000 | 697.3% | 0.0% |
| AMERICAN FINANCING CORPORATION | $1,565,000 | $1,465,000 | -6.4% | 0.0% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $2,965,000 | $1,425,000 | -51.9% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $320,000 | $1,385,000 | 332.8% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $505,000 | $1,330,000 | 163.4% | 0.0% |
| RBC Bank, (Georgia) | $1,325,000 | n/a | 0.0% | |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $9,885,000 | $1,315,000 | -86.7% | 0.0% |
| The Huntington National Bank | $1,265,000 | n/a | 0.0% | |
| Bank Midwest | $2,740,000 | $1,250,000 | -54.4% | 0.0% |
| EVANSVILLE TEACHERS | $1,250,000 | n/a | 0.0% | |
| Citibank | $2,955,000 | $1,215,000 | -58.9% | 0.0% |
| HOMESTEAD FUNDING CORP. | $1,190,000 | n/a | 0.0% | |
| American Federal Bank | $270,000 | $1,175,000 | 335.2% | 0.0% |
| REDWOOD RESIDENTIAL ACQUISITION CORPORATION | $1,165,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL NETWORK, INC. | $195,000 | $1,150,000 | 489.7% | 0.0% |
| Gateway First Bank | $2,765,000 | $1,120,000 | -59.5% | 0.0% |
| Unify Home Lending Inc. | $1,565,000 | $1,110,000 | -29.1% | 0.0% |
| Stifel Bank and Trust | $845,000 | $1,095,000 | 29.6% | 0.0% |
| Discover Bank | $965,000 | $1,075,000 | 11.4% | 0.0% |
| Raymond James Bank | $1,070,000 | n/a | 0.0% | |
| Gate City Bank | $985,000 | n/a | 0.0% | |
| Toyota Financial Savings Bank | $965,000 | n/a | 0.0% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $935,000 | n/a | 0.0% | |
| Pinnacle Bank | $890,000 | n/a | 0.0% | |
| Wyndham Capital Mortgage, Inc. | $890,000 | n/a | 0.0% | |
| Bank of the West | $2,020,000 | $870,000 | -56.9% | 0.0% |
| NBKC BANK | $1,600,000 | $810,000 | -49.4% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $540,000 | $805,000 | 49.1% | 0.0% |
| First Interstate Bank | $925,000 | $770,000 | -16.8% | 0.0% |
| FirstBank | $1,115,000 | $735,000 | -34.1% | 0.0% |
| Manufacturers and Traders Trust Company | $730,000 | n/a | 0.0% | |
| HomeTown Bank | $1,180,000 | $710,000 | -39.8% | 0.0% |
| Black Hills Community Bank | $175,000 | $705,000 | 302.9% | 0.0% |
| EVERETT FINANCIAL, INC. | $745,000 | $660,000 | -11.4% | 0.0% |
| LENDERFI, INC. | $660,000 | n/a | 0.0% | |
| MOVEMENT MORTGAGE, LLC | $650,000 | n/a | 0.0% | |
| HIGHMARK | $145,000 | $640,000 | 341.4% | 0.0% |
| Arbor Bank | $605,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $420,000 | $600,000 | 42.9% | 0.0% |
| KS StateBank | $2,655,000 | $590,000 | -77.8% | 0.0% |
| Northpointe Bank | $235,000 | $575,000 | 144.7% | 0.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $990,000 | $570,000 | -42.4% | 0.0% |
| Midstates Bank | $565,000 | n/a | 0.0% | |
| CITIZENS EQUITY FIRST | $545,000 | n/a | 0.0% | |
| INLAND BANK & TRUST | $545,000 | n/a | 0.0% | |
| RUOFF MORTGAGE COMPANY, INC. | $545,000 | n/a | 0.0% | |
| STEARNS LENDING, LLC | $265,000 | $545,000 | 105.7% | 0.0% |
| CHERRY CREEK MORTGAGE, LLC | $540,000 | n/a | 0.0% | |
| Alerus Financial | $510,000 | $535,000 | 4.9% | 0.0% |
| First Home Bank | $520,000 | n/a | 0.0% | |
| First Savings Bank | $1,855,000 | $520,000 | -72.0% | 0.0% |
| GUARANTY HOME MORTGAGE CORPORATION | $520,000 | n/a | 0.0% | |
| 21ST MORTGAGE CORPORATION | $555,000 | $515,000 | -7.2% | 0.0% |
| HOMESTAR FINANCIAL CORPORATION | $185,000 | $515,000 | 178.4% | 0.0% |
| LAND HOME FINANCIAL SERVICES, INC. | $105,000 | $515,000 | 390.5% | 0.0% |
| WINGS FINANCIAL | $435,000 | $490,000 | 12.6% | 0.0% |
| PNC Bank | $14,250,000 | $485,000 | -96.6% | 0.0% |
| First Guaranty Mortgage Corporation | $1,090,000 | $475,000 | -56.4% | 0.0% |
| AMERICAN ADVISORS GROUP | $765,000 | $470,000 | -38.6% | 0.0% |
| Deere Employees Credit Union | $455,000 | n/a | 0.0% | |
| COMPEER FINANCIAL, FLCA | $305,000 | $450,000 | 47.5% | 0.0% |
| Roundbank | $165,000 | $440,000 | 166.7% | 0.0% |
| Goldwater Bank, N.A. | $135,000 | $435,000 | 222.2% | 0.0% |
| FINANCE OF AMERICA MORTGAGE LLC | $420,000 | n/a | 0.0% | |
| Servion, Inc. | $320,000 | $415,000 | 29.7% | 0.0% |
| Think Mutual Bank | $1,195,000 | $415,000 | -65.3% | 0.0% |
| SIOUXLAND FEDERAL CREDIT UNION | $275,000 | $405,000 | 47.3% | 0.0% |
| Lend Smart Mortgage, LLC | $1,220,000 | $390,000 | -68.0% | 0.0% |
| SOUTHPOINT FINANCIAL | $610,000 | $390,000 | -36.1% | 0.0% |
| First National Bank of America | $385,000 | n/a | 0.0% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $370,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $355,000 | n/a | 0.0% | |
| IMPAC MORTGAGE CORP. | $350,000 | n/a | 0.0% | |
| OCEANSIDE MORTGAGE COMPANY | $660,000 | $350,000 | -47.0% | 0.0% |
| PLANET HOME LENDING, LLC | $135,000 | $330,000 | 144.4% | 0.0% |
| American Mortgage & Equity Consultants, Inc. | $795,000 | $325,000 | -59.1% | 0.0% |
| POLARIS HOME FUNDING CORP. | $325,000 | n/a | 0.0% | |
| Western State Bank | $325,000 | n/a | 0.0% | |
| PREMIA MORTGAGE, LLC | $600,000 | $320,000 | -46.7% | 0.0% |
| First Federal Bank | $205,000 | $315,000 | 53.7% | 0.0% |
| Dundee Bank | $305,000 | n/a | 0.0% | |
| STAR ONE CREDIT UNION | $305,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $115,000 | $300,000 | 160.9% | 0.0% |
| GREAT LAKES | $295,000 | n/a | 0.0% | |
| Hometown Lenders, Inc. | $290,000 | n/a | 0.0% | |
| Nations Lending Corporation | $1,035,000 | $290,000 | -72.0% | 0.0% |
| Ixonia Bank | $365,000 | $285,000 | -21.9% | 0.0% |
| MANN FINANCIAL INC. | $265,000 | n/a | 0.0% | |
| S1L, Inc. | $355,000 | $265,000 | -25.4% | 0.0% |
| THRIVENT Federal Credit Union | $300,000 | $260,000 | -13.3% | 0.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $255,000 | n/a | 0.0% | |
| SOFI LENDING CORP. | $255,000 | n/a | 0.0% | |
| Low VA Rates, LLC | $715,000 | $245,000 | -65.7% | 0.0% |
| Elements Financial Federal Credit Union | $235,000 | n/a | 0.0% | |
| Great Southern Bank | $235,000 | n/a | 0.0% | |
| Grand Bank for Savings, FSB | $225,000 | n/a | 0.0% | |
| Paramount Residential Mortgage Group, Inc. | $2,100,000 | $225,000 | -89.3% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $590,000 | $225,000 | -61.9% | 0.0% |
| Presidential Bank, FSB | $225,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $225,000 | n/a | 0.0% | |
| VISIONBank | $225,000 | n/a | 0.0% | |
| First Community Bank | $215,000 | n/a | 0.0% | |
| Independent Bank | $495,000 | $215,000 | -56.6% | 0.0% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $205,000 | n/a | 0.0% | |
| AMCAP MORTGAGE, LTD. | $195,000 | n/a | 0.0% | |
| Baxter Credit Union | $195,000 | n/a | 0.0% | |
| BOKF | $195,000 | n/a | 0.0% | |
| GENEVA FINANCIAL, LLC | $195,000 | n/a | 0.0% | |
| HIWAY | $95,000 | $195,000 | 105.3% | 0.0% |
| SUMMIT FUNDING, INC. | $190,000 | n/a | 0.0% | |
| NFM, INC. | $185,000 | n/a | 0.0% | |
| ZILLOW HOME LOANS, LLC | $175,000 | n/a | 0.0% | |
| AMERICAN HERITAGE FCU | $165,000 | n/a | 0.0% | |
| Cambria Financial Group, LLC | $740,000 | $165,000 | -77.7% | 0.0% |
| Sierra Pacific Mortgage Company, Inc. | $165,000 | n/a | 0.0% | |
| UNIVERSAL LENDING CORPORATION | $165,000 | n/a | 0.0% | |
| Waterstone Mortgage Corporation | $165,000 | n/a | 0.0% | |
| Willamette Valley Bank | $165,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $185,000 | $155,000 | -16.2% | 0.0% |
| Axos Bank | $145,000 | n/a | 0.0% | |
| Florida Capital Bank | $185,000 | $145,000 | -21.6% | 0.0% |
| CELEBRITY HOME LOANS, LLC | $135,000 | n/a | 0.0% | |
| BLUELEAF LENDING, LLC | $115,000 | n/a | 0.0% | |
| Centier Bank | $110,000 | n/a | 0.0% | |
| CHEVRON | $95,000 | n/a | 0.0% | |
| CITY-COUNTY CREDIT UNION | $95,000 | n/a | 0.0% | |
| Figure Lending LLC | $95,000 | $95,000 | 0.0% | 0.0% |
| Hawthorn Bank | $95,000 | n/a | 0.0% | |
| Notre Dame Federal Credit Union Corporation | $90,000 | n/a | 0.0% | |
| Bank of England | $980,000 | $85,000 | -91.3% | 0.0% |
| Union State Bank of Fargo | $75,000 | n/a | 0.0% | |
| AIR ACADEMY | $65,000 | n/a | 0.0% | |
| BMO Harris Bank | $55,000 | n/a | 0.0% | |
| STAR USA FEDERAL CREDIT UNION | $15,000 | n/a | 0.0% |
SIOUX FALLS's top lender by overall market share is Plains Commerce Bank, with 16.8% market share. In second place, with 9.5%, is First PREMIER Bank, having originated $351,320,000 in loans. In third place, with 6.4%, is First Dakota National Bank, having originated $237,625,000 in loans. In third place, with 6.3%, is First Bank & Trust, having originated $232,160,000 in loans. In third place, with 4.2%, is SIOUX FALLS, having originated $156,630,000 in loans.
SIOUX FALLS, SD Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 5,859 | $1,930,155,000 | $329,434 |
| Refi | 4,592 | $1,035,330,000 | $225,464 |
| Cash Out Refi | 2,849 | $647,025,000 | $227,106 |
| Other | 319 | $45,715,000 | $143,307 |
| Home Improvement | 267 | $28,855,000 | $108,071 |
| NA | 2 | $220,000 | $110,000 |
Sioux Falls's most frequently cited loan purpose was Home Purchase, with 5,859 originations. The 2nd most popular reason was Refi, with 4,592 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 5,411 | $1,379,805,000 | $255,000 |
| <2.5% | 3,987 | $927,125,000 | $232,537 |
| 3-4% | 3,438 | $1,077,530,000 | $313,418 |
| 4-5% | 576 | $94,620,000 | $164,271 |
| 5-6% | 184 | $20,300,000 | $110,326 |
| 6-7% | 62 | $5,290,000 | $85,323 |
| 7-8% | 31 | $2,165,000 | $69,839 |
| Over 8% | 15 | $705,000 | $47,000 |
During 2021, Sioux Falls's most frequently originated rate bucket was 2.5-3%, with 5,411 originations.
Loan Sizing (SIOUX FALLS, SD MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 6,052 | $1,629,770,000 | $269,294 |
| $100k-200k | 5,088 | $787,730,000 | $154,821 |
| $100,000 or less | 1,408 | $89,700,000 | $63,707 |
| $400k-600k | 1,087 | $522,305,000 | $480,501 |
| $600k-1000k | 146 | $110,640,000 | $757,808 |
| $Over $1MM | 107 | $547,155,000 | $5,113,598 |
SIOUX FALLS's loan sizing saw the bucket of loans from $200k-400k with 6,052 originations, totaling $1,629,770,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 5,189 | $1,351,445,000 | $260,444 |
| 60-80% | 4,967 | $1,487,185,000 | $299,413 |
| 40-60% | 1,960 | $423,040,000 | $215,837 |
| 20-40% | 785 | $133,445,000 | $169,994 |
| Under 20% | 501 | $33,365,000 | $66,597 |
| Over 100% | 115 | $36,875,000 | $320,652 |
SIOUX FALLS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 5,189 originations, totaling $1,351,445,000 in origination value.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - SIOUX FALLS (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $234,900 (6.8%) | $288,327 (2.8%) | 0.87 | 941 |
| 2018-02-01 | $237,000 (7.8%) | $288,282 (2.9%) | 0.85 | 990 |
| 2018-03-01 | $239,900 (9.1%) | $294,394 (2.4%) | 0.83 | 1,031 |
| 2018-04-01 | $239,900 (6.7%) | $294,411 (2.5%) | 0.81 | 1,096 |
| 2018-05-01 | $240,775 (7.0%) | $299,698 (3.9%) | 0.80 | 1,181 |
| 2018-06-01 | $239,900 (6.7%) | $298,681 (3.4%) | 0.80 | 1,205 |
| 2018-07-01 | $233,900 (4.0%) | $286,939 (-1.8%) | 0.78 | 1,238 |
| 2018-08-01 | $233,400 (1.7%) | $287,797 (-1.5%) | 0.78 | 1,257 |
| 2018-09-01 | $229,900 (0.0%) | $285,823 (-1.9%) | 0.77 | 1,270 |
| 2018-10-01 | $229,500 (-0.2%) | $283,533 (-2.8%) | 0.77 | 1,286 |
| 2018-11-01 | $229,900 (0.0%) | $285,736 (-1.1%) | 0.77 | 1,199 |
| 2018-12-01 | $229,900 (0.0%) | $286,245 (-0.6%) | 0.79 | 1,079 |
| 2019-01-01 | $234,950 (0.0%) | $289,040 (0.3%) | 0.81 | 998 |
| 2019-02-01 | $234,900 (-0.9%) | $289,935 (0.6%) | 0.79 | 993 |
| 2019-03-01 | $239,126 (-0.3%) | $295,359 (0.3%) | 0.78 | 1,053 |
| 2019-04-01 | $244,830 (2.1%) | $303,340 (3.0%) | 0.77 | 1,148 |
| 2019-05-01 | $244,900 (1.7%) | $307,803 (2.7%) | 0.75 | 1,258 |
| 2019-06-01 | $244,900 (2.1%) | $306,622 (2.7%) | 0.75 | 1,325 |
| 2019-07-01 | $245,000 (4.8%) | $304,755 (6.2%) | 0.76 | 1,360 |
| 2019-08-01 | $247,057 (5.9%) | $305,969 (6.3%) | 0.78 | 1,346 |
| 2019-09-01 | $249,457 (8.5%) | $306,484 (7.2%) | 0.79 | 1,308 |
| 2019-10-01 | $249,900 (8.9%) | $765,248 (169.9%) | 0.80 | 1,381 |
| 2019-11-01 | $244,900 (6.5%) | $300,243 (5.1%) | 0.79 | 1,386 |
| 2019-12-01 | $239,900 (4.4%) | $296,907 (3.7%) | 0.80 | 1,172 |
| 2020-01-01 | $244,265 (4.0%) | $296,249 (2.5%) | 0.81 | 1,105 |
| 2020-02-01 | $241,900 (3.0%) | $293,674 (1.3%) | 0.78 | 1,188 |
| 2020-03-01 | $245,450 (2.6%) | $300,062 (1.6%) | 0.77 | 1,320 |
| 2020-04-01 | $249,900 (2.1%) | $304,380 (0.3%) | 0.78 | 1,455 |
| 2020-05-01 | $249,900 (2.0%) | $309,728 (0.6%) | 0.76 | 1,487 |
| 2020-06-01 | $252,450 (3.1%) | $319,876 (4.3%) | 0.74 | 1,514 |
| 2020-07-01 | $254,900 (4.0%) | $319,103 (4.7%) | 0.73 | 1,459 |
| 2020-08-01 | $250,000 (1.2%) | $312,726 (2.2%) | 0.71 | 1,423 |
| 2020-09-01 | $249,900 (0.2%) | $311,686 (1.7%) | 0.71 | 1,365 |
| 2020-10-01 | $247,900 (-0.8%) | $308,239 (-59.7%) | 0.71 | 1,256 |
| 2020-11-01 | $247,250 (1.0%) | $309,149 (3.0%) | 0.71 | 1,026 |
| 2020-12-01 | $249,800 (4.1%) | $312,998 (5.4%) | 0.73 | 864 |
| 2021-01-01 | $249,900 (2.3%) | $311,256 (5.1%) | 0.74 | 779 |
| 2021-02-01 | $252,000 (4.2%) | $312,741 (6.5%) | 0.72 | 803 |
| 2021-03-01 | $262,450 (6.9%) | $316,207 (5.4%) | 0.74 | 911 |
| 2021-04-01 | $265,000 (6.0%) | $322,427 (5.9%) | 0.71 | 1,052 |
| 2021-05-01 | $274,900 (10.0%) | $331,283 (7.0%) | 0.72 | 1,143 |
| 2021-06-01 | $275,000 (8.9%) | $332,418 (3.9%) | 0.71 | 1,187 |
| 2021-07-01 | $274,950 (7.9%) | $330,827 (3.7%) | 0.71 | 1,195 |
| 2021-08-01 | $275,000 (10.0%) | $332,145 (6.2%) | 0.72 | 1,200 |
| 2021-09-01 | $274,950 (10.0%) | $341,372 (9.5%) | 0.72 | 1,179 |
| 2021-10-01 | $274,900 (10.9%) | $344,625 (11.8%) | 0.72 | 1,075 |
| 2021-11-01 | $275,000 (11.2%) | $345,195 (11.7%) | 0.72 | 982 |
| 2021-12-01 | $286,900 (14.9%) | $358,134 (14.4%) | 0.77 | 776 |
| 2022-01-01 | $299,900 (20.0%) | $376,665 (21.0%) | 0.80 | 639 |
| 2022-02-01 | $307,450 (22.0%) | $379,815 (21.5%) | 0.78 | 691 |
| 2022-03-01 | $324,900 (23.8%) | $391,525 (23.8%) | 0.80 | 766 |
| 2022-04-01 | $327,000 (23.4%) | $390,969 (21.3%) | 0.77 | 902 |
| 2022-05-01 | $334,700 (21.8%) | $400,466 (20.9%) | 0.75 | 955 |
SIOUX FALLS's median listing price for 2022-05-01 was $334,700, a difference of
$59,800
(21.8%) versus the prior year and
$7,700 versus the prior month.
SIOUX FALLS's median listing price comes in at 75% of the national average.
SIOUX FALLS's average listing price for 2022-05-01 was $400,466, a difference of $69,183 (20.9%) versus the prior year and $9,497 versus the prior month.
For the 2022-05-01 period, SIOUX FALLS had 955 MLS listings, a difference of 53 listings (6%) versus the prior month and -188 listings (-16%) versus the prior year.
SIOUX FALLS's median listing price comes in at 75% of the national average.
SIOUX FALLS's average listing price for 2022-05-01 was $400,466, a difference of $69,183 (20.9%) versus the prior year and $9,497 versus the prior month.
For the 2022-05-01 period, SIOUX FALLS had 955 MLS listings, a difference of 53 listings (6%) versus the prior month and -188 listings (-16%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - SIOUX FALLS (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 67 days | 1,807 sqft |
| 2018-02-01 | 53 days | 1,807 sqft |
| 2018-03-01 | 45 days | 1,814 sqft |
| 2018-04-01 | 40 days | 1,859 sqft |
| 2018-05-01 | 38 days | 1,875 sqft |
| 2018-06-01 | 38 days | 1,893 sqft |
| 2018-07-01 | 37 days | 1,818 sqft |
| 2018-08-01 | 38 days | 1,799 sqft |
| 2018-09-01 | 40 days | 1,770 sqft |
| 2018-10-01 | 41 days | 1,731 sqft |
| 2018-11-01 | 51 days | 1,738 sqft |
| 2018-12-01 | 62 days | 1,727 sqft |
| 2019-01-01 | 65 days | 1,734 sqft |
| 2019-02-01 | 55 days | 1,746 sqft |
| 2019-03-01 | 45 days | 1,782 sqft |
| 2019-04-01 | 37 days | 1,832 sqft |
| 2019-05-01 | 29 days | 1,869 sqft |
| 2019-06-01 | 32 days | 1,857 sqft |
| 2019-07-01 | 35 days | 1,834 sqft |
| 2019-08-01 | 39 days | 1,860 sqft |
| 2019-09-01 | 42 days | 1,892 sqft |
| 2019-10-01 | 44 days | 1,909 sqft |
| 2019-11-01 | 49 days | 1,868 sqft |
| 2019-12-01 | 61 days | 1,784 sqft |
| 2020-01-01 | 66 days | 1,759 sqft |
| 2020-02-01 | 53 days | 1,758 sqft |
| 2020-03-01 | 44 days | 1,779 sqft |
| 2020-04-01 | 43 days | 1,789 sqft |
| 2020-05-01 | 43 days | 1,788 sqft |
| 2020-06-01 | 42 days | 1,847 sqft |
| 2020-07-01 | 44 days | 1,833 sqft |
| 2020-08-01 | 42 days | 1,822 sqft |
| 2020-09-01 | 42 days | 1,807 sqft |
| 2020-10-01 | 43 days | 1,774 sqft |
| 2020-11-01 | 50 days | 1,743 sqft |
| 2020-12-01 | 56 days | 1,708 sqft |
| 2021-01-01 | 53 days | 1,666 sqft |
| 2021-02-01 | 42 days | 1,666 sqft |
| 2021-03-01 | 36 days | 1,682 sqft |
| 2021-04-01 | 35 days | 1,706 sqft |
| 2021-05-01 | 37 days | 1,780 sqft |
| 2021-06-01 | 36 days | 1,803 sqft |
| 2021-07-01 | 37 days | 1,772 sqft |
| 2021-08-01 | 36 days | 1,726 sqft |
| 2021-09-01 | 37 days | 1,679 sqft |
| 2021-10-01 | 39 days | 1,664 sqft |
| 2021-11-01 | 40 days | 1,655 sqft |
| 2021-12-01 | 46 days | 1,656 sqft |
| 2022-01-01 | 56 days | 1,657 sqft |
| 2022-02-01 | 36 days | 1,663 sqft |
| 2022-03-01 | 32 days | 1,718 sqft |
| 2022-04-01 | 32 days | 1,768 sqft |
| 2022-05-01 | 36 days | 1,804 sqft |
SIOUX FALLS's median listing age (time on market) for 2022-05-01 was 36 days.
This
is -4%
shorter
than the same period one year ago.
SIOUX FALLS's median square footage for active listings during the 2022-05-01 period was 1,804 sqft. One year prior, the average listing was 1,780 sqft.
SIOUX FALLS's median square footage for active listings during the 2022-05-01 period was 1,804 sqft. One year prior, the average listing was 1,780 sqft.
