Huron VA Loan Rates, Closing Costs & Stats

Huron, SD

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Huron's 11 lenders originated 21 VA loans during 2023. The total origination value was $5,375,000, with an average VA loan value of $255,952.

    Huron VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Huron averaged 6.03% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Huron's average VA mortgage closing costs are $5,685.

    The average rate for the prior week (2024-12-06) was 6.37% and one month ago for the week of 2024-11-08, the average rate was 6.26%.

    The average rate one year ago was 6.81%.

    For refis of the same type during the week of 2024-12-13, the average rate was 5.88%.

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

    Huron VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Huron level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 4 6.66% $6,636
    First National Bank 3 6.29% $8,301
    Servion, Inc. 3 5.96% $8,653
    QUICKEN LOANS, LLC 3 6.17% $12,698
    American Bank & Trust 2 6.94% $9,607
    Ixonia Bank 1 6.99% $6,485
    CU MORTGAGE DIRECT, LLC 1 6.13% $147
    NEW DAY FINANCIAL, LLC 1 7.75% $18,745
    Plains Commerce Bank 1 5.88% $1,938
    BANKWEST, INC. 1 6.50% $10,043
    AMERISAVE MORTGAGE CORPORATION 1 6.25% $1,780

    The top Huron VA lender as defined by loan originations is Mortgage Research Center, LLC, with 4 VA loans originated. Their average total fees are $6,636, which is $1,665 lower than the next largest lender, First National Bank.

    The lowest fee Huron VA lenders (with over 10 loans originated) are .

    The lowest rate Huron VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Huron (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 $147,375 (8.2%) $182,013 (17.9%) 0.00 103
    2018-02-01 $149,225 (13.7%) $186,354 (22.1%) 0.00 98
    2018-03-01 $159,900 (10.3%) $192,336 (24.0%) 0.00 103
    2018-04-01 $179,000 (28.4%) $191,958 (25.5%) 0.00 112
    2018-05-01 $176,950 (18.6%) $188,900 (16.8%) 0.00 120
    2018-06-01 $169,000 (12.7%) $187,540 (8.0%) 0.00 127
    2018-07-01 $164,750 (7.1%) $184,825 (5.9%) 0.00 137
    2018-08-01 $159,900 (1.9%) $182,398 (0.3%) 0.00 140
    2018-09-01 $159,900 (6.6%) $178,849 (0.1%) 0.00 142
    2018-10-01 $159,000 (7.5%) $176,759 (-1.1%) 0.00 131
    2018-11-01 $159,900 (18.5%) $175,775 (-1.1%) 0.00 119
    2018-12-01 $159,000 (17.8%) $172,697 (-3.7%) 0.00 115
    2019-01-01 $158,750 (7.7%) $172,058 (-5.5%) 0.00 104
    2019-02-01 $153,725 (3.0%) $169,223 (-9.2%) 0.00 104
    2019-03-01 $154,186 (-3.6%) $171,597 (-10.8%) 0.00 99
    2019-04-01 $161,175 (-10.0%) $177,381 (-7.6%) 0.00 97
    2019-05-01 $161,850 (-8.5%) $173,872 (-8.0%) 0.00 103
    2019-06-01 $159,000 (-5.9%) $175,369 (-6.5%) 0.00 107
    2019-07-01 $158,475 (-3.8%) $168,099 (-9.1%) 0.00 112
    2019-08-01 $150,436 (-5.9%) $168,039 (-7.9%) 0.00 121
    2019-09-01 $148,166 (-7.3%) $172,744 (-3.4%) 0.00 122
    2019-10-01 $146,652 (-7.8%) $175,711 (-0.6%) 0.00 121
    2019-11-01 $152,400 (-4.7%) $175,297 (-0.3%) 0.00 112
    2019-12-01 $149,450 (-6.0%) $175,524 (1.6%) 0.00 107
    2020-01-01 $147,950 (-6.8%) $166,858 (-3.0%) 0.00 105
    2020-02-01 $154,450 (0.5%) $170,564 (0.8%) 0.00 111
    2020-03-01 $154,900 (0.5%) $176,720 (3.0%) 0.00 107
    2020-04-01 $154,900 (-3.9%) $178,560 (0.7%) 0.00 99
    2020-05-01 $159,900 (-1.2%) $170,736 (-1.8%) 0.00 102
    2020-06-01 $156,425 (-1.6%) $165,148 (-5.8%) 0.00 99
    2020-07-01 $159,125 (0.4%) $162,711 (-3.2%) 0.00 84
    2020-08-01 $157,400 (4.6%) $169,971 (1.2%) 0.00 81
    2020-09-01 $161,175 (8.8%) $175,662 (1.7%) 0.00 80
    2020-10-01 $149,950 (2.3%) $167,441 (-4.7%) 0.00 79
    2020-11-01 $143,835 (-5.6%) $155,235 (-11.4%) 0.00 82
    2020-12-01 $145,477 (-2.7%) $159,409 (-9.2%) 0.00 72
    2021-01-01 $149,900 (1.3%) $162,848 (-2.4%) 0.00 61
    2021-02-01 $147,225 (-4.7%) $170,961 (0.2%) 0.00 56
    2021-03-01 $151,450 (-2.2%) $185,721 (5.1%) 0.00 55
    2021-04-01 $151,150 (-2.4%) $222,150 (24.4%) 0.00 56
    2021-05-01 $178,450 (11.6%) $236,891 (38.8%) 0.00 49
    2021-06-01 $182,125 (16.4%) $248,667 (50.6%) 0.00 43
    2021-07-01 $194,000 (21.9%) $271,892 (67.1%) 0.00 39
    2021-08-01 $179,175 (13.8%) $270,214 (59.0%) 0.00 39
    2021-09-01 $182,275 (13.1%) $273,493 (55.7%) 0.00 43
    2021-10-01 $176,950 (18.0%) $260,087 (55.3%) 0.00 48
    2021-11-01 $162,875 (13.2%) $254,834 (64.2%) 0.00 48
    2021-12-01 $162,950 (12.0%) $254,387 (59.6%) 0.00 47
    2022-01-01 $157,500 (5.1%) $259,911 (59.6%) 0.00 37
    2022-02-01 $172,075 (16.9%) $246,815 (44.4%) 0.00 36
    2022-03-01 $157,300 (3.9%) $231,262 (24.5%) 0.00 32
    2022-04-01 $185,000 (22.4%) $249,900 (12.5%) 0.00 28
    2022-05-01 $181,225 (1.6%) $246,653 (4.1%) 0.00 29
    2022-06-01 $191,225 (5.0%) $255,095 (2.6%) 0.00 30
    2022-07-01 $159,500 (-17.8%) $214,886 (-21.0%) 0.00 39
    2022-08-01 $159,500 (-11.0%) $207,126 (-23.4%) 0.00 48
    2022-09-01 $167,000 (-8.4%) $216,198 (-21.0%) 0.00 42
    2022-10-01 $180,900 (2.2%) $234,078 (-10.0%) 0.00 40
    2022-11-01 $175,238 (7.6%) $233,168 (-8.5%) 0.00 40
    2022-12-01 $176,250 (8.2%) $245,960 (-3.3%) 0.00 41
    2023-01-01 $176,250 (11.9%) $238,741 (-8.2%) 0.00 39
    2023-02-01 $199,950 (16.2%) $254,323 (3.0%) 0.00 35
    2023-03-01 $197,450 (25.5%) $259,360 (12.2%) 0.00 40
    2023-04-01 $199,900 (8.1%) $266,370 (6.6%) 0.00 38
    2023-05-01 $199,900 (10.3%) $255,760 (3.7%) 0.00 48
    2023-06-01 $202,400 (5.8%) $261,259 (2.4%) 0.00 52
    2023-07-01 $207,450 (30.1%) $258,743 (20.4%) 0.00 47
    2023-08-01 $210,700 (32.1%) $260,474 (25.8%) 0.00 49
    2023-09-01 $230,000 (37.7%) $270,802 (25.3%) 0.00 42
    2023-10-01 $189,950 (5.0%) $237,730 (1.6%) 0.00 41
    2023-11-01 $203,675 (16.2%) $238,877 (2.5%) 0.00 42
    2023-12-01 $184,900 (4.9%) $223,849 (-9.0%) 0.00 41
    2024-01-01 $170,000 (-3.6%) $198,211 (-17.0%) 0.00 41
    2024-02-01 $172,000 (-14.0%) $206,267 (-18.9%) 0.00 39
    2024-03-01 $189,000 (-4.3%) $219,126 (-15.5%) 0.00 42
    2024-04-01 $199,675 (-0.1%) $239,879 (-10.0%) 0.00 43
    2024-05-01 $224,000 (12.1%) $251,496 (-1.7%) 0.00 47
    2024-06-01 $249,900 (23.5%) $300,752 (15.1%) 0.00 41
    2024-07-01 $249,900 (20.5%) $286,166 (10.6%) 0.00 44
    2024-08-01 $229,500 (8.9%) $262,555 (0.8%) 0.00 48
    2024-09-01 $234,500 (2.0%) $270,015 (-0.3%) 0.00 40
    2024-10-01 $219,225 (15.4%) $255,325 (7.4%) 0.00 61
    2024-11-01 $204,700 (0.5%) $256,262 (7.3%) 0.00 82
    Huron's median listing price for 2024-11-01 was $204,700, a difference of $1,025 (0.5%) versus the prior year and $-14,525 versus the prior month.

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

    Huron's average listing price for 2024-11-01 was $256,262, a difference of $17,385 (7.3%) versus the prior year and $937 versus the prior month.

    For the 2024-11-01 period, Huron had 82 MLS listings, a difference of 21 listings (34%) versus the prior month and 40 listings (95%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Huron (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,142 sqft
    2018-02-01 0 days 2,206 sqft
    2018-03-01 0 days 2,235 sqft
    2018-04-01 0 days 2,247 sqft
    2018-05-01 0 days 2,178 sqft
    2018-06-01 0 days 2,176 sqft
    2018-07-01 0 days 2,234 sqft
    2018-08-01 0 days 2,198 sqft
    2018-09-01 0 days 2,176 sqft
    2018-10-01 0 days 2,178 sqft
    2018-11-01 0 days 2,176 sqft
    2018-12-01 0 days 2,152 sqft
    2019-01-01 0 days 2,140 sqft
    2019-02-01 0 days 2,136 sqft
    2019-03-01 0 days 2,153 sqft
    2019-04-01 0 days 2,176 sqft
    2019-05-01 0 days 2,156 sqft
    2019-06-01 0 days 2,124 sqft
    2019-07-01 0 days 2,149 sqft
    2019-08-01 0 days 2,072 sqft
    2019-09-01 0 days 2,057 sqft
    2019-10-01 0 days 2,048 sqft
    2019-11-01 0 days 2,078 sqft
    2019-12-01 0 days 2,082 sqft
    2020-01-01 0 days 2,067 sqft
    2020-02-01 0 days 2,076 sqft
    2020-03-01 0 days 2,135 sqft
    2020-04-01 0 days 2,144 sqft
    2020-05-01 0 days 2,138 sqft
    2020-06-01 0 days 2,092 sqft
    2020-07-01 0 days 2,110 sqft
    2020-08-01 0 days 2,157 sqft
    2020-09-01 0 days 2,202 sqft
    2020-10-01 0 days 2,149 sqft
    2020-11-01 0 days 2,138 sqft
    2020-12-01 0 days 2,132 sqft
    2021-01-01 0 days 2,020 sqft
    2021-02-01 0 days 2,064 sqft
    2021-03-01 0 days 2,090 sqft
    2021-04-01 0 days 2,139 sqft
    2021-05-01 0 days 2,179 sqft
    2021-06-01 0 days 2,262 sqft
    2021-07-01 0 days 2,500 sqft
    2021-08-01 0 days 2,237 sqft
    2021-09-01 0 days 2,291 sqft
    2021-10-01 0 days 2,216 sqft
    2021-11-01 0 days 2,032 sqft
    2021-12-01 0 days 1,979 sqft
    2022-01-01 0 days 1,968 sqft
    2022-02-01 0 days 1,976 sqft
    2022-03-01 0 days 1,918 sqft
    2022-04-01 0 days 1,767 sqft
    2022-05-01 0 days 1,691 sqft
    2022-06-01 0 days 1,869 sqft
    2022-07-01 0 days 1,909 sqft
    2022-08-01 0 days 2,005 sqft
    2022-09-01 0 days 1,851 sqft
    2022-10-01 0 days 2,012 sqft
    2022-11-01 0 days 2,070 sqft
    2022-12-01 0 days 2,248 sqft
    2023-01-01 0 days 2,016 sqft
    2023-02-01 0 days 2,016 sqft
    2023-03-01 0 days 1,961 sqft
    2023-04-01 0 days 2,000 sqft
    2023-05-01 0 days 2,016 sqft
    2023-06-01 0 days 2,168 sqft
    2023-07-01 0 days 2,255 sqft
    2023-08-01 0 days 2,164 sqft
    2023-09-01 0 days 2,297 sqft
    2023-10-01 0 days 2,160 sqft
    2023-11-01 0 days 2,010 sqft
    2023-12-01 0 days 1,876 sqft
    2024-01-01 0 days 1,792 sqft
    2024-02-01 0 days 1,674 sqft
    2024-03-01 0 days 1,801 sqft
    2024-04-01 0 days 1,885 sqft
    2024-05-01 0 days 1,939 sqft
    2024-06-01 0 days 1,953 sqft
    2024-07-01 0 days 1,922 sqft
    2024-08-01 0 days 1,872 sqft
    2024-09-01 0 days 2,043 sqft
    2024-10-01 0 days 1,809 sqft
    2024-11-01 0 days 1,931 sqft
    Huron's median listing age (time on market) for 2024-11-01 was 0 days.

    Huron's median square footage for active listings during the 2024-11-01 period was 1,931 sqft. One year prior, the average listing was 2,010 sqft.

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.