Vermillion USDA Loan Rates, Closing Costs & Stats
Vermillion, SD
USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.
Vermillion's 3 lenders originated 5 USDA loans during 2024. The total origination value was $885,000, with an average USDA loan value of $177,000.
Vermillion USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Vermillion
averaged
6.82%
for the week of 2025-04-11, compared to the national average (all USDA variants) of
6.449% for the same period.
Vermillion's average USDA mortgage closing costs are $4,599.
The average rate for the prior week (2025-04-04) was
6.47% and
one month ago for the week of 2025-03-07, the
average rate was 6.74%.
The average rate one year ago was 6.9%.
For refis of the same type during the week of 2025-04-11, the average rate
was 6.25%.
Vermillion USDA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Vermillion level.
| Name | # of Loans | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| First Dakota National Bank | 3 | 5.67% | $4,012 |
| First Bank & Trust | 1 | 6.25% | $5,262 |
| First National Bank of Omaha | 1 | 7.00% | $3,617 |
The top Vermillion USDA lender as defined by loan originations is First Dakota National Bank, with
3 USDA loans originated. Their average total fees are
$4,012, which is $1,250
lower than the next largest lender,
First Bank & Trust.
The lowest fee Vermillion USDA lenders (with over 10 loans originated) are
.
The lowest rate Vermillion USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Vermillion (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 | $150,725 (-18.0%) | $173,677 (-7.0%) | 0.00 | 26 |
| 2018-02-01 | $179,925 (-1.8%) | $203,648 (8.8%) | 0.00 | 28 |
| 2018-03-01 | $219,500 (17.6%) | $216,027 (10.2%) | 0.00 | 30 |
| 2018-04-01 | $225,925 (18.3%) | $232,509 (13.2%) | 0.00 | 36 |
| 2018-05-01 | $216,425 (22.0%) | $223,744 (10.3%) | 0.00 | 30 |
| 2018-06-01 | $220,000 (25.7%) | $223,461 (11.8%) | 0.00 | 33 |
| 2018-07-01 | $225,900 (27.3%) | $224,433 (18.5%) | 0.00 | 33 |
| 2018-08-01 | $181,150 (1.3%) | $199,425 (4.7%) | 0.00 | 35 |
| 2018-09-01 | $189,950 (11.8%) | $207,871 (14.7%) | 0.00 | 24 |
| 2018-10-01 | $179,900 (4.3%) | $204,614 (14.8%) | 0.00 | 22 |
| 2018-11-01 | $203,725 (30.4%) | $225,184 (28.4%) | 0.00 | 20 |
| 2018-12-01 | $259,900 (74.4%) | $258,347 (47.2%) | 0.00 | 17 |
| 2019-01-01 | $254,950 (69.2%) | $247,153 (42.3%) | 0.00 | 16 |
| 2019-02-01 | $264,450 (47.0%) | $253,660 (24.6%) | 0.00 | 23 |
| 2019-03-01 | $241,786 (10.2%) | $245,136 (13.5%) | 0.00 | 25 |
| 2019-04-01 | $227,011 (0.5%) | $238,918 (2.8%) | 0.00 | 26 |
| 2019-05-01 | $183,700 (-15.1%) | $199,676 (-10.8%) | 0.00 | 24 |
| 2019-06-01 | $189,900 (-13.7%) | $224,406 (0.4%) | 0.00 | 31 |
| 2019-07-01 | $184,950 (-18.1%) | $207,916 (-7.4%) | 0.00 | 36 |
| 2019-08-01 | $178,108 (-1.7%) | $203,425 (2.0%) | 0.00 | 36 |
| 2019-09-01 | $167,919 (-11.6%) | $208,409 (0.3%) | 0.00 | 34 |
| 2019-10-01 | $161,127 (-10.4%) | $211,829 (3.5%) | 0.00 | 32 |
| 2019-11-01 | $159,948 (-21.5%) | $216,159 (-4.0%) | 0.00 | 30 |
| 2019-12-01 | $154,500 (-40.6%) | $225,688 (-12.6%) | 0.00 | 26 |
| 2020-01-01 | $156,950 (-38.4%) | $238,896 (-3.3%) | 0.00 | 23 |
| 2020-02-01 | $139,900 (-47.1%) | $209,074 (-17.6%) | 0.00 | 27 |
| 2020-03-01 | $159,450 (-34.1%) | $220,990 (-9.9%) | 0.00 | 26 |
| 2020-04-01 | $158,675 (-30.1%) | $237,158 (-0.7%) | 0.00 | 27 |
| 2020-05-01 | $199,900 (8.8%) | $255,561 (28.0%) | 0.00 | 28 |
| 2020-06-01 | $198,675 (4.6%) | $260,713 (16.2%) | 0.00 | 29 |
| 2020-07-01 | $196,225 (6.1%) | $273,595 (31.6%) | 0.00 | 29 |
| 2020-08-01 | $189,900 (6.6%) | $284,648 (39.9%) | 0.00 | 24 |
| 2020-09-01 | $181,925 (8.3%) | $283,441 (36.0%) | 0.00 | 24 |
| 2020-10-01 | $179,000 (11.1%) | $286,787 (35.4%) | 0.00 | 25 |
| 2020-11-01 | $169,900 (6.2%) | $230,993 (6.9%) | 0.00 | 27 |
| 2020-12-01 | $236,175 (52.9%) | $305,567 (35.4%) | 0.00 | 17 |
| 2021-01-01 | $289,900 (84.7%) | $323,650 (35.5%) | 0.00 | 14 |
| 2021-02-01 | $279,900 (100.1%) | $323,506 (54.7%) | 0.00 | 14 |
| 2021-03-01 | $198,675 (24.6%) | $276,535 (25.1%) | 0.00 | 14 |
| 2021-04-01 | $231,450 (45.9%) | $368,735 (55.5%) | 0.00 | 14 |
| 2021-05-01 | $199,900 (0.0%) | $333,105 (30.3%) | 0.00 | 19 |
| 2021-06-01 | $248,725 (25.2%) | $333,866 (28.1%) | 0.00 | 20 |
| 2021-07-01 | $215,000 (9.6%) | $289,045 (5.7%) | 0.00 | 23 |
| 2021-08-01 | $212,200 (11.7%) | $283,110 (-0.5%) | 0.00 | 21 |
| 2021-09-01 | $199,900 (9.9%) | $299,284 (5.6%) | 0.00 | 17 |
| 2021-10-01 | $235,000 (31.3%) | $300,704 (4.9%) | 0.00 | 17 |
| 2021-11-01 | $196,450 (15.6%) | $281,439 (21.8%) | 0.00 | 19 |
| 2021-12-01 | $227,200 (-3.8%) | $302,384 (-1.0%) | 0.00 | 17 |
| 2022-01-01 | $254,950 (-12.1%) | $331,681 (2.5%) | 0.00 | 14 |
| 2022-02-01 | $274,900 (-1.8%) | $285,496 (-11.8%) | 0.00 | 10 |
| 2022-03-01 | $242,450 (22.0%) | $371,326 (34.3%) | 0.00 | 10 |
| 2022-04-01 | $335,000 (44.7%) | $489,288 (32.7%) | 0.00 | 12 |
| 2022-05-01 | $368,675 (84.4%) | $541,042 (62.4%) | 0.00 | 12 |
| 2022-06-01 | $382,400 (53.7%) | $524,387 (57.1%) | 0.00 | 16 |
| 2022-07-01 | $275,000 (27.9%) | $454,043 (57.1%) | 0.00 | 19 |
| 2022-08-01 | $215,350 (1.5%) | $336,849 (19.0%) | 0.00 | 27 |
| 2022-09-01 | $224,900 (12.5%) | $374,251 (25.1%) | 0.00 | 32 |
| 2022-10-01 | $234,900 (0.0%) | $341,439 (13.6%) | 0.00 | 27 |
| 2022-11-01 | $255,000 (29.8%) | $360,824 (28.2%) | 0.00 | 20 |
| 2022-12-01 | $260,000 (14.4%) | $379,200 (25.4%) | 0.00 | 17 |
| 2023-01-01 | $271,225 (6.4%) | $257,364 (-22.4%) | 0.00 | 15 |
| 2023-02-01 | $274,950 (0.0%) | $269,630 (-5.6%) | 0.00 | 10 |
| 2023-03-01 | $250,000 (3.1%) | $259,128 (-30.2%) | 0.00 | 10 |
| 2023-04-01 | $199,900 (-40.3%) | $264,150 (-46.0%) | 0.00 | 11 |
| 2023-05-01 | $215,000 (-41.7%) | $259,208 (-52.1%) | 0.00 | 19 |
| 2023-06-01 | $239,750 (-37.3%) | $261,937 (-50.1%) | 0.00 | 24 |
| 2023-07-01 | $237,540 (-13.6%) | $271,515 (-40.2%) | 0.00 | 20 |
| 2023-08-01 | $247,200 (14.8%) | $278,637 (-17.3%) | 0.00 | 18 |
| 2023-09-01 | $295,000 (31.2%) | $316,300 (-15.5%) | 0.00 | 17 |
| 2023-10-01 | $286,250 (21.9%) | $323,456 (-5.3%) | 0.00 | 16 |
| 2023-11-01 | $303,225 (18.9%) | $336,899 (-6.6%) | 0.00 | 17 |
| 2023-12-01 | $314,900 (21.1%) | $329,137 (-13.2%) | 0.00 | 16 |
| 2024-01-01 | $355,550 (31.1%) | $371,377 (44.3%) | 0.00 | 12 |
| 2024-02-01 | $325,600 (18.4%) | $345,614 (28.2%) | 0.00 | 16 |
| 2024-03-01 | $312,450 (25.0%) | $330,275 (27.5%) | 0.00 | 15 |
| 2024-04-01 | $310,000 (55.1%) | $353,593 (33.9%) | 0.00 | 16 |
| 2024-05-01 | $294,975 (37.2%) | $366,606 (41.4%) | 0.00 | 20 |
| 2024-06-01 | $279,975 (16.8%) | $330,842 (26.3%) | 0.00 | 22 |
| 2024-07-01 | $314,900 (32.6%) | $349,055 (28.6%) | 0.00 | 23 |
| 2024-08-01 | $325,000 (31.5%) | $366,934 (31.7%) | 0.00 | 28 |
| 2024-09-01 | $313,050 (6.1%) | $352,464 (11.4%) | 0.00 | 30 |
| 2024-10-01 | $308,450 (7.8%) | $337,955 (4.5%) | 0.00 | 26 |
| 2024-11-01 | $315,000 (3.9%) | $340,916 (1.2%) | 0.00 | 25 |
| 2024-12-01 | $309,000 (-1.9%) | $332,126 (0.9%) | 0.00 | 20 |
| 2025-01-01 | $307,950 (-13.4%) | $328,447 (-11.6%) | 0.00 | 25 |
| 2025-02-01 | $306,200 (-6.0%) | $323,043 (-6.5%) | 0.00 | 31 |
| 2025-03-01 | $289,900 (-7.2%) | $305,956 (-7.4%) | 0.00 | 28 |
Vermillion's median listing price comes in at 0% of the national average.
Vermillion's average listing price for 2025-03-01 was $305,956, a difference of $-24,319 (-7.4%) versus the prior year and $-17,087 versus the prior month.
For the 2025-03-01 period, Vermillion had 28 MLS listings, a difference of -3 listings (-10%) versus the prior month and 13 listings (87%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Vermillion (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,920 sqft |
| 2018-02-01 | 0 days | 2,216 sqft |
| 2018-03-01 | 0 days | 2,460 sqft |
| 2018-04-01 | 0 days | 2,460 sqft |
| 2018-05-01 | 0 days | 2,402 sqft |
| 2018-06-01 | 0 days | 2,415 sqft |
| 2018-07-01 | 0 days | 2,373 sqft |
| 2018-08-01 | 0 days | 2,105 sqft |
| 2018-09-01 | 0 days | 2,109 sqft |
| 2018-10-01 | 0 days | 2,108 sqft |
| 2018-11-01 | 0 days | 2,170 sqft |
| 2018-12-01 | 0 days | 2,694 sqft |
| 2019-01-01 | 0 days | 2,480 sqft |
| 2019-02-01 | 0 days | 2,549 sqft |
| 2019-03-01 | 0 days | 2,172 sqft |
| 2019-04-01 | 0 days | 1,803 sqft |
| 2019-05-01 | 0 days | 1,912 sqft |
| 2019-06-01 | 0 days | 1,901 sqft |
| 2019-07-01 | 0 days | 1,846 sqft |
| 2019-08-01 | 0 days | 1,824 sqft |
| 2019-09-01 | 0 days | 1,800 sqft |
| 2019-10-01 | 0 days | 1,782 sqft |
| 2019-11-01 | 0 days | 1,758 sqft |
| 2019-12-01 | 0 days | 1,693 sqft |
| 2020-01-01 | 0 days | 1,532 sqft |
| 2020-02-01 | 0 days | 1,474 sqft |
| 2020-03-01 | 0 days | 1,516 sqft |
| 2020-04-01 | 0 days | 1,524 sqft |
| 2020-05-01 | 0 days | 1,540 sqft |
| 2020-06-01 | 0 days | 1,798 sqft |
| 2020-07-01 | 0 days | 1,944 sqft |
| 2020-08-01 | 0 days | 1,825 sqft |
| 2020-09-01 | 0 days | 1,836 sqft |
| 2020-10-01 | 0 days | 1,846 sqft |
| 2020-11-01 | 0 days | 1,830 sqft |
| 2020-12-01 | 0 days | 1,874 sqft |
| 2021-01-01 | 0 days | 2,133 sqft |
| 2021-02-01 | 0 days | 2,340 sqft |
| 2021-03-01 | 0 days | 2,354 sqft |
| 2021-04-01 | 0 days | 2,318 sqft |
| 2021-05-01 | 0 days | 2,252 sqft |
| 2021-06-01 | 0 days | 2,279 sqft |
| 2021-07-01 | 0 days | 2,184 sqft |
| 2021-08-01 | 0 days | 2,095 sqft |
| 2021-09-01 | 0 days | 2,281 sqft |
| 2021-10-01 | 0 days | 1,930 sqft |
| 2021-11-01 | 0 days | 1,582 sqft |
| 2021-12-01 | 0 days | 1,651 sqft |
| 2022-01-01 | 0 days | 1,560 sqft |
| 2022-02-01 | 0 days | 2,314 sqft |
| 2022-03-01 | 0 days | 1,539 sqft |
| 2022-04-01 | 0 days | 1,800 sqft |
| 2022-05-01 | 0 days | 1,645 sqft |
| 2022-06-01 | 0 days | 2,313 sqft |
| 2022-07-01 | 0 days | 1,822 sqft |
| 2022-08-01 | 0 days | 1,697 sqft |
| 2022-09-01 | 0 days | 1,689 sqft |
| 2022-10-01 | 0 days | 1,728 sqft |
| 2022-11-01 | 0 days | 1,740 sqft |
| 2022-12-01 | 0 days | 1,760 sqft |
| 2023-01-01 | 0 days | 2,264 sqft |
| 2023-02-01 | 0 days | 2,262 sqft |
| 2023-03-01 | 0 days | 2,033 sqft |
| 2023-04-01 | 0 days | 1,947 sqft |
| 2023-05-01 | 0 days | 2,044 sqft |
| 2023-06-01 | 0 days | 1,948 sqft |
| 2023-07-01 | 0 days | 1,728 sqft |
| 2023-08-01 | 0 days | 1,635 sqft |
| 2023-09-01 | 0 days | 1,752 sqft |
| 2023-10-01 | 0 days | 2,065 sqft |
| 2023-11-01 | 0 days | 2,014 sqft |
| 2023-12-01 | 0 days | 1,958 sqft |
| 2024-01-01 | 0 days | 2,131 sqft |
| 2024-02-01 | 0 days | 2,121 sqft |
| 2024-03-01 | 0 days | 2,079 sqft |
| 2024-04-01 | 0 days | 2,014 sqft |
| 2024-05-01 | 0 days | 2,149 sqft |
| 2024-06-01 | 0 days | 1,949 sqft |
| 2024-07-01 | 0 days | 2,009 sqft |
| 2024-08-01 | 0 days | 2,166 sqft |
| 2024-09-01 | 0 days | 2,203 sqft |
| 2024-10-01 | 0 days | 2,203 sqft |
| 2024-11-01 | 0 days | 2,126 sqft |
| 2024-12-01 | 0 days | 2,056 sqft |
| 2025-01-01 | 0 days | 2,151 sqft |
| 2025-02-01 | 0 days | 2,174 sqft |
| 2025-03-01 | 0 days | 2,022 sqft |
Vermillion's median square footage for active listings during the 2025-03-01 period was 2,022 sqft. One year prior, the average listing was 2,079 sqft.