2025 · South Dakota
Most active investment-property lenders in South Dakota
In 2025, 1,060 investment-property loans were originated on single-family 1-4 unit homes in South Dakota. These are the lenders that wrote the most of them, by HMDA-reported volume.
South Dakota lender rankings
| # | Lender | Focus | Originations | Volume | Biz-purpose |
|---|---|---|---|---|---|
| 1 | American Bank & Trust | DSCR / biz | 80 | $16M | 100% |
| 2 | First Premier Bank | DSCR / biz | 68 | $12M | 100% |
| 3 | First Bank & Trust | DSCR / biz | 67 | $13M | 100% |
| 4 | Plains Commerce Bank | DSCR / biz | 64 | $11M | 100% |
| 5 | First Dakota National Bank | DSCR / biz | 62 | $21M | 81% |
| 6 | Bankwest, Inc. | DSCR / biz | 35 | $8M | 100% |
| 7 | Dacotah Bank | DSCR / biz | 34 | $8M | 100% |
| 8 | CMG Mortgage, Inc. | DSCR / biz | 28 | $7M | 82% |
| 9 | Frontier Bank | Conventional | 27 | $4M | 0% |
| 10 | The First National Bank In Sioux Falls | Conventional | 26 | $6M | 0% |
Lenders with at least 10 reported investor originations in South Dakota, top 10.
How investors borrow in South Dakota
The rate premium, denial rate, and DSCR share in South Dakota — Investor Financing Report.
Where South Dakota cash-flows
Gross rental yield and top metros in South Dakota — Best Cash-Flow Markets.
Frequently asked questions
Who are the most active investment-property lenders in South Dakota?
By 2025 HMDA-reported volume, the most active investment-property (single-family 1-4 unit) lenders in South Dakota were American Bank & Trust (80 originations), First Premier Bank (68), and First Bank & Trust (67). 1,060 investor loans were originated statewide.
Which South Dakota lenders focus on DSCR / business-purpose loans?
Lenders whose South Dakota investor loans are mostly business- or commercial-purpose (the DSCR/LLC bucket) include American Bank & Trust, First Premier Bank, First Bank & Trust, Plains Commerce Bank. Each lender's mix is flagged in the table.
Is this a ranking of the best lenders?
No — it ranks HMDA-reported origination volume, not rate, service, or terms. HMDA omits non-reporting private/hard-money lenders and under-captures business-purpose loans. Use it as a research starting point, not a recommendation.
Compare lenders serving South Dakota
This ranks reported volume. To compare rates, LTV, and terms from lenders that actively lend in South Dakota, browse our directory: DSCR lenders, hard money, and fix-and-flip lenders in South Dakota.
Run a South Dakota deal
Source: CFPB / FFIEC HMDA combined Modified LAR (loan-level public dataset, early release), 2025. Most active by reported volume, not a quality ranking. Lender names resolved from the 2024 HMDA filers registry (LEIs are stable across years) with a GLEIF fallback. The 2025 HMDA institution registry was not yet published at build time.