Vermillion USDA Loan Rates, Closing Costs & Stats

Vermillion, SD

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    • 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 2 lenders originated 4 USDA loans during 2023. The total origination value was $870,000, with an average USDA loan value of $217,500.

    Vermillion USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Vermillion averaged 6.91% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Vermillion's average USDA mortgage closing costs are $4,626.

    The average rate for the prior week (2024-04-12) was 6.36% and one month ago for the week of 2024-03-15, the average rate was 6.44%.

    The average rate one year ago was 6.08%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.66%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    First Dakota National Bank 2 6.19% $5,448
    Plains Commerce Bank 2 6.06% $4,591

    The top Vermillion USDA lender as defined by loan originations is First Dakota National Bank, with 2 USDA loans originated. Their average total fees are $5,448, which is $857 higher than the next largest lender, Plains Commerce Bank.

    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 $253,750 (27.7%) $331,083 (27.0%) 0.00 21
    2021-07-01 $230,000 (17.2%) $288,243 (5.4%) 0.00 24
    2021-08-01 $217,400 (14.5%) $282,369 (-0.8%) 0.00 22
    2021-09-01 $219,450 (20.6%) $297,570 (5.0%) 0.00 18
    2021-10-01 $235,000 (31.3%) $300,704 (4.9%) 0.00 17
    2021-11-01 $200,725 (18.1%) $290,479 (25.8%) 0.00 18
    2021-12-01 $230,925 (-2.2%) $309,238 (1.2%) 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 (50.7%) $524,387 (58.4%) 0.00 16
    2022-07-01 $275,000 (19.6%) $454,043 (57.5%) 0.00 19
    2022-08-01 $215,350 (-0.9%) $336,849 (19.3%) 0.00 27
    2022-09-01 $224,900 (2.5%) $374,251 (25.8%) 0.00 32
    2022-10-01 $234,900 (0.0%) $341,439 (13.6%) 0.00 27
    2022-11-01 $255,000 (27.0%) $360,824 (24.2%) 0.00 20
    2022-12-01 $260,000 (12.6%) $379,200 (22.6%) 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
    Vermillion's median listing price for 2024-03-01 was $312,450, a difference of $62,450 (25.0%) versus the prior year and $-13,150 versus the prior month.

    Vermillion's median listing price comes in at 0% of the national average.

    Vermillion's average listing price for 2024-03-01 was $330,275, a difference of $71,147 (27.5%) versus the prior year and $-15,339 versus the prior month.

    For the 2024-03-01 period, Vermillion had 15 MLS listings, a difference of -1 listings (-6%) versus the prior month and 5 listings (50%) 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 2,252 sqft
    2021-07-01 0 days 2,167 sqft
    2021-08-01 0 days 2,015 sqft
    2021-09-01 0 days 2,195 sqft
    2021-10-01 0 days 1,825 sqft
    2021-11-01 0 days 1,609 sqft
    2021-12-01 0 days 1,741 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
    Vermillion's median listing age (time on market) for 2024-03-01 was 0 days.

    Vermillion's median square footage for active listings during the 2024-03-01 period was 2,079 sqft. One year prior, the average listing was 2,033 sqft.