Bison State Bank Mortgage Review 2025

Bison State Bank works with mortgage borrowers nationwide on both conventional and government-backed home loans, as well as refinancing options. Notably, it doesn’t charge origination fees or other hidden costs or participate in any gimmicky specials or limited-time offers.

Pros and cons of Bison State Bank

Affordability: 4.9/5

Because of its competitive interest rates and no origination fees, Bison State Bank scores a near-perfect 4.9 out of 5 stars for affordability. It's uncertain whether the bank participates in HFA programs, which can help prospective homebuyers afford homes. 

• Interest rates: The specific rate you receive with Bison State Bank depends on your circumstances, such as loan amount, credit profile and down payment. This bank quotes a mortgage rate that’s below the national average.
• Down payment: Different loan types have different down payment requirements. Conventional loans with Bison State Bank require just 3 percent down, while FHA loans require a minimum of 3.5 percent. VA loans do not require a down payment. It's unclear whether the bank participates in HFA programs, which can help with down payment costs. 
• Fees and closing costs: Bison State Bank doesn’t charge an origination fee, so you’ll save some money on closing costs.

Availability: 5/5

Because Bison State Bank offers a wide variety of loans across a broad geographic footprint, it scored 5 out of 5 stars for availability.

• Home loans offered: The bank provides a variety of mortgage types, such as conventional loans and some government-backed mortgages, including VA and FHA loans. It also offers refinancing options.
• Footprint: Bison State Bank is licensed to originate mortgages in all U.S. states. 
• Where to find: You can start the mortgage process online by filling out a form or by calling to speak with a loan officer. 

Borrower experience: 3.9/5

Bison State Bank allows you to apply for a mortgage online and offers quick preapproval turnaround times. It also offers a way to get rate quotes online without needing to submit your email or wait for a loan officer to contact you. However, because of its 30-day rate lock window and few contact methods, the bank gets 3.9 out of 5 stars for borrower experience. 

• Preapproval and application process: You can apply for a prequalification and a mortgage online through Bison State Bank’s website. The bank's standard rate lock window is only 30 days. 
• Transparency: By providing some information about your desired location, purchase price and down payment amount, you can get estimated rate quotes right on the bank's site. 
• Customer service: If you have questions about a loan, Bison State Bank loan officers are available Monday through Friday from 8 a.m. to 5 p.m. CT.

Bison State Bank is not accredited by the Better Business Bureau (as of this review). The community bank tends to have favorable reviews on other third-party sites like Zillow.

Bison State Bank offers both rate-and-term and cash-out refinancing options. There are no fees, but you’ll have to pay for third-party services, such as the home appraisal.

You can apply for a mortgage with Bison State Bank online or by phone at 855-222-5102.