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1-4 Unit Investor · SD

1-4 Unit Investor lenders in South Dakota

125 lenders made at least one 1-4 unit investor or business-purpose loan in South Dakota in 2025. First Bank & Trust made the most, with 92 of the 1,189 on record.

Evidence
Lender made at least one 1-4 unit investor or business-purpose loan in South Dakota in 2025 (HMDA)
Data as of
HMDA 2025
Page last changed
November 11, 2026
Lenders on record
125
HMDA,
Investor loans, 2025
1,189
HMDA,
1-4 units or business purpose
Based in the state
29
HMDA,

Cite this

Source: The Lender Report, 1-4 Unit Investor lenders in South Dakota, https://lender.report/investor-1-4-lenders/south-dakota/, data as of December 31, 2025.

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South Dakota 1-4 unit investor lenders, by loans made in the state in 2025. First 25 of 125.
LenderKindBased inLoans in stateLoans nationwideTypical loan
First Bank & Trust 1-4 unit investor recordBankBrookings, SD92128$165K
American Bank & Trust 1-4 unit investor recordBankSioux Falls, SD8492$130K
First PREMIER Bank 1-4 unit investor recordBankSioux Falls, SD8485$155K
First Dakota National Bank 1-4 unit investor recordBankYankton, SD6983$185K
Plains Commerce Bank 1-4 unit investor recordBankSioux Falls, SD67209$265K
BankWest, Inc. 1-4 unit investor recordBankPierre, SD4446$150K
Dacotah Bank 1-4 unit investor recordBankAberdeen, SD3561$145K
First National Bank 1-4 unit investor recordBankFort Pierre, SD3165$285K
The First National Bank in Sioux Falls 1-4 unit investor recordBankSioux Falls, SD3034$170K
CMG Mortgage Inc 1-4 unit investor recordNon-bankSan Ramon, IL284,651$275K
First International Bank & Trust 1-4 unit investor recordBankWatford City, ND27161$205K
Frontier Bank 1-4 unit investor recordSavingsSioux Falls, SD2729$105K
Quoin Financial Bank 1-4 unit investor recordBankMiller, SD2525$205K
Central Bank 1-4 unit investor recordBankStorm Lake, IA24149$165K
CorTrust Bank National Association 1-4 unit investor recordBankMitchell, SD2345$205K
Pioneer Bank & Trust 1-4 unit investor recordBankBelle Fourche, SD2324$220K
United Wholesale Mortgage 1-4 unit investor recordNon-bankPontiac, MI2331,218$205K
Black Hills Credit Union 1-4 unit investor recordCredit unionRapid City, SD2225$155K
Security Savings Bank 1-4 unit investor recordBankCanton, SD2030$150K
Reliabank Dakota 1-4 unit investor recordBankEstelline, SD1921$235K
First Interstate Bank 1-4 unit investor recordBankBillings, MT18157$185K
Sentinel Credit Union 1-4 unit investor recordCredit unionBox Elder, SD1515$225K
Fairway Independent Mort CorpNon-bankMadison, WI133,466$245K
Rivers Edge Bank 1-4 unit investor recordBankMarion, SD1318$155K
U.S. Bank National Association 1-4 unit investor recordBankCincinnati, OH122,786$325K
HMDA,

See all 125 1-4 unit investor lenders in South Dakota in Loan Comps

  • Lenders made 1,189 1-4 unit investor or business-purpose loans in South Dakota in 2025. HMDA,
  • The five most active lenders made 33.3% of them. HMDA,
  • Non-banks made 15.2% of these loans in South Dakota. HMDA,
  • 34 lenders made 10 or more of these loans in South Dakota in 2025. HMDA,
  • 29 of these lenders are based in South Dakota, and the rest lend in from other states. HMDA,
  • First Bank & Trust made 92 loans here, and American Bank & Trust made 84. HMDA,
  • These lenders: 68 banks, 7 savings institutions, 11 credit unions and 39 non-bank lenders. HMDA,
  • Among these lenders, the median 1-4 unit investor loan nationally is $185K. HMDA,

How this list is defined

Measure
1-4 unit investor loans made in South Dakota
Period
2025
Formula
Count, by lender, of HMDA records for 1-4 unit loans that are non-owner-occupied or business purpose, placed in South Dakota in 2025. A lender is listed if it made at least one.
Order
Largest first by loans made in 2025, then name. Payment is not part of the order.
As of
2025
Source
HMDA
Changelog
  • : First published, with the data built on this date.

These are rental homes of up to four units, financed by the investor and not the person living there, including business-purpose loans.

HMDA reports these loans by lender and state, without dollars by state. It cannot tell a DSCR loan from a full-documentation investor loan.

Each lender is counted only where the public file places the loan. Lenders that merged or stopped filing are left out.

Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem

Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.