Yankton VA Loan Rates, Closing Costs & Stats

Yankton, 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.

    Yankton's 10 lenders originated 17 VA loans during 2023. The total origination value was $5,555,000, with an average VA loan value of $326,765.

    Yankton VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Yankton averaged 0.23% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Yankton's average VA mortgage closing costs are $4,979.

    The average rate for the prior week (2024-11-08) was 6.44% and one month ago for the week of 2024-10-11, the average rate was 5.81%.

    The average rate one year ago was 7.1%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.1%.

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

    Yankton 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 Yankton level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 5 7.15% $9,102
    First Dakota National Bank 2 5.75% $3,024
    First International Bank & Trust 2 6.00% $3,635
    CROSSCOUNTRY MORTGAGE, LLC 2 6.28% $16,061
    PENNYMAC LOAN SERVICES, LLC 1 6.00% $14,055
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $16,989
    QUICKEN LOANS, LLC 1 6.75% $11,317
    Gateway First Bank 1 6.25% $14,288
    NAVY FEDERAL CREDIT UNION 1 5.25% $17,165
    NEW DAY FINANCIAL, LLC 1 7.50% $9,808

    The top Yankton VA lender as defined by loan originations is Mortgage Research Center, LLC, with 5 VA loans originated. Their average total fees are $9,102, which is $6,078 higher than the next largest lender, First Dakota National Bank.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Yankton (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 $171,200 (-0.1%) $224,979 (22.1%) 0.00 56
    2018-02-01 $175,000 (2.1%) $234,311 (29.4%) 0.00 55
    2018-03-01 $197,900 (20.0%) $236,002 (39.4%) 0.00 50
    2018-04-01 $219,000 (30.4%) $244,497 (33.7%) 0.00 52
    2018-05-01 $214,950 (23.4%) $242,148 (28.3%) 0.00 64
    2018-06-01 $211,000 (24.2%) $242,740 (24.7%) 0.00 74
    2018-07-01 $186,800 (10.0%) $232,928 (11.7%) 0.00 68
    2018-08-01 $176,900 (-2.0%) $218,172 (-2.9%) 0.00 76
    2018-09-01 $179,900 (6.2%) $213,635 (-1.0%) 0.00 81
    2018-10-01 $200,925 (15.3%) $228,770 (6.6%) 0.00 82
    2018-11-01 $195,700 (8.7%) $231,565 (6.2%) 0.00 76
    2018-12-01 $191,500 (9.6%) $231,168 (4.4%) 0.00 76
    2019-01-01 $187,000 (9.2%) $228,536 (1.6%) 0.00 72
    2019-02-01 $190,875 (9.1%) $232,798 (-0.7%) 0.00 73
    2019-03-01 $197,286 (-0.3%) $235,893 (-0.1%) 0.00 72
    2019-04-01 $201,461 (-8.0%) $234,843 (-4.0%) 0.00 72
    2019-05-01 $208,050 (-3.2%) $236,895 (-2.2%) 0.00 78
    2019-06-01 $208,850 (-1.0%) $233,070 (-4.0%) 0.00 83
    2019-07-01 $202,400 (8.4%) $222,788 (-4.4%) 0.00 91
    2019-08-01 $198,409 (12.2%) $214,907 (-1.5%) 0.00 92
    2019-09-01 $196,323 (9.1%) $212,904 (-0.3%) 0.00 93
    2019-10-01 $197,207 (-1.9%) $214,131 (-6.4%) 0.00 90
    2019-11-01 $209,900 (7.3%) $225,372 (-2.7%) 0.00 93
    2019-12-01 $211,350 (10.4%) $227,398 (-1.6%) 0.00 78
    2020-01-01 $210,400 (12.5%) $228,472 (0.0%) 0.00 65
    2020-02-01 $209,800 (9.9%) $224,996 (-3.4%) 0.00 53
    2020-03-01 $201,100 (1.9%) $225,815 (-4.3%) 0.00 53
    2020-04-01 $184,075 (-8.6%) $219,353 (-6.6%) 0.00 52
    2020-05-01 $212,450 (2.1%) $229,358 (-3.2%) 0.00 35
    2020-06-01 $235,000 (12.5%) $257,284 (10.4%) 0.00 34
    2020-07-01 $223,650 (10.5%) $258,518 (16.0%) 0.00 36
    2020-08-01 $182,000 (-8.3%) $254,351 (18.4%) 0.00 35
    2020-09-01 $208,700 (6.3%) $246,594 (15.8%) 0.00 32
    2020-10-01 $182,400 (-7.5%) $238,880 (11.6%) 0.00 26
    2020-11-01 $182,675 (-13.0%) $225,031 (-0.2%) 0.00 25
    2020-12-01 $170,175 (-19.5%) $207,565 (-8.7%) 0.00 21
    2021-01-01 $149,900 (-28.8%) $217,479 (-4.8%) 0.00 18
    2021-02-01 $162,450 (-22.6%) $203,583 (-9.5%) 0.00 16
    2021-03-01 $179,925 (-10.5%) $240,129 (6.3%) 0.00 14
    2021-04-01 $180,675 (-1.9%) $217,156 (-1.0%) 0.00 11
    2021-05-01 $183,400 (-13.7%) $224,414 (-2.2%) 0.00 14
    2021-06-01 $194,900 (-17.1%) $241,690 (-6.1%) 0.00 13
    2021-07-01 $182,250 (-18.5%) $255,864 (-1.0%) 0.00 20
    2021-08-01 $182,450 (0.3%) $285,388 (12.2%) 0.00 20
    2021-09-01 $194,675 (-6.7%) $269,560 (9.3%) 0.00 23
    2021-10-01 $199,900 (9.6%) $331,442 (38.8%) 0.00 23
    2021-11-01 $288,325 (57.8%) $365,018 (62.2%) 0.00 19
    2021-12-01 $237,425 (39.5%) $356,409 (71.7%) 0.00 14
    2022-01-01 $324,450 (116.4%) $380,294 (74.9%) 0.00 15
    2022-02-01 $237,400 (46.1%) $348,597 (71.2%) 0.00 17
    2022-03-01 $131,950 (-26.7%) $258,290 (7.6%) 0.00 23
    2022-04-01 $179,900 (-0.4%) $305,300 (40.6%) 0.00 18
    2022-05-01 $189,750 (3.5%) $318,422 (41.9%) 0.00 21
    2022-06-01 $237,425 (21.8%) $324,045 (34.1%) 0.00 21
    2022-07-01 $264,900 (45.4%) $321,520 (25.7%) 0.00 29
    2022-08-01 $273,676 (50.0%) $354,130 (24.1%) 0.00 33
    2022-09-01 $284,475 (46.1%) $409,461 (51.9%) 0.00 27
    2022-10-01 $239,000 (19.6%) $395,884 (19.4%) 0.00 23
    2022-11-01 $279,950 (-2.9%) $376,170 (3.1%) 0.00 19
    2022-12-01 $279,950 (17.9%) $372,304 (4.5%) 0.00 14
    2023-01-01 $244,900 (-24.5%) $367,588 (-3.3%) 0.00 15
    2023-02-01 $229,900 (-3.2%) $360,165 (3.3%) 0.00 13
    2023-03-01 $269,900 (104.6%) $288,928 (11.9%) 0.00 15
    2023-04-01 $369,950 (105.6%) $406,807 (33.3%) 0.00 17
    2023-05-01 $351,500 (85.2%) $443,371 (39.2%) 0.00 24
    2023-06-01 $311,175 (31.1%) $404,638 (24.9%) 0.00 23
    2023-07-01 $319,800 (20.7%) $393,976 (22.5%) 0.00 25
    2023-08-01 $324,400 (18.5%) $415,322 (17.3%) 0.00 27
    2023-09-01 $320,000 (12.5%) $392,218 (-4.2%) 0.00 28
    2023-10-01 $312,400 (30.7%) $341,765 (-13.7%) 0.00 29
    2023-11-01 $332,500 (18.8%) $395,142 (5.0%) 0.00 26
    2023-12-01 $317,400 (13.4%) $343,832 (-7.7%) 0.00 31
    2024-01-01 $308,700 (26.1%) $340,861 (-7.3%) 0.00 31
    2024-02-01 $327,500 (42.5%) $473,519 (31.5%) 0.00 30
    2024-03-01 $330,000 (22.3%) $483,457 (67.3%) 0.00 29
    2024-04-01 $339,250 (-8.3%) $523,621 (28.7%) 0.00 29
    2024-05-01 $336,225 (-4.4%) $446,301 (0.7%) 0.00 37
    2024-06-01 $320,000 (2.8%) $421,171 (4.1%) 0.00 45
    2024-07-01 $324,500 (1.5%) $376,757 (-4.4%) 0.00 56
    2024-08-01 $319,500 (-1.5%) $378,818 (-8.8%) 0.00 56
    2024-09-01 $320,000 (0.0%) $387,640 (-1.2%) 0.00 54
    2024-10-01 $323,200 (3.5%) $400,840 (17.3%) 0.00 59
    Yankton's median listing price for 2024-10-01 was $323,200, a difference of $10,800 (3.5%) versus the prior year and $3,200 versus the prior month.

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

    Yankton's average listing price for 2024-10-01 was $400,840, a difference of $59,075 (17.3%) versus the prior year and $13,200 versus the prior month.

    For the 2024-10-01 period, Yankton had 59 MLS listings, a difference of 5 listings (9%) versus the prior month and 30 listings (103%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Yankton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,720 sqft
    2018-02-01 0 days 1,782 sqft
    2018-03-01 0 days 1,767 sqft
    2018-04-01 0 days 1,900 sqft
    2018-05-01 0 days 1,762 sqft
    2018-06-01 0 days 1,813 sqft
    2018-07-01 0 days 1,792 sqft
    2018-08-01 0 days 1,710 sqft
    2018-09-01 0 days 1,790 sqft
    2018-10-01 0 days 1,949 sqft
    2018-11-01 0 days 1,959 sqft
    2018-12-01 0 days 1,960 sqft
    2019-01-01 0 days 1,852 sqft
    2019-02-01 0 days 1,901 sqft
    2019-03-01 0 days 1,960 sqft
    2019-04-01 0 days 1,960 sqft
    2019-05-01 0 days 1,778 sqft
    2019-06-01 0 days 1,575 sqft
    2019-07-01 0 days 1,750 sqft
    2019-08-01 0 days 1,758 sqft
    2019-09-01 0 days 1,773 sqft
    2019-10-01 0 days 1,788 sqft
    2019-11-01 0 days 1,836 sqft
    2019-12-01 0 days 1,800 sqft
    2020-01-01 0 days 1,776 sqft
    2020-02-01 0 days 1,680 sqft
    2020-03-01 0 days 1,646 sqft
    2020-04-01 0 days 1,638 sqft
    2020-05-01 0 days 1,691 sqft
    2020-06-01 0 days 1,896 sqft
    2020-07-01 0 days 1,911 sqft
    2020-08-01 0 days 1,960 sqft
    2020-09-01 0 days 1,960 sqft
    2020-10-01 0 days 1,779 sqft
    2020-11-01 0 days 1,771 sqft
    2020-12-01 0 days 1,749 sqft
    2021-01-01 0 days 1,779 sqft
    2021-02-01 0 days 1,523 sqft
    2021-03-01 0 days 1,614 sqft
    2021-04-01 0 days 1,768 sqft
    2021-05-01 0 days 1,741 sqft
    2021-06-01 0 days 1,741 sqft
    2021-07-01 0 days 1,783 sqft
    2021-08-01 0 days 1,870 sqft
    2021-09-01 0 days 1,930 sqft
    2021-10-01 0 days 2,020 sqft
    2021-11-01 0 days 2,225 sqft
    2021-12-01 0 days 2,268 sqft
    2022-01-01 0 days 2,183 sqft
    2022-02-01 0 days 1,683 sqft
    2022-03-01 0 days 986 sqft
    2022-04-01 0 days 1,773 sqft
    2022-05-01 0 days 1,790 sqft
    2022-06-01 0 days 1,873 sqft
    2022-07-01 0 days 1,918 sqft
    2022-08-01 0 days 2,146 sqft
    2022-09-01 0 days 2,001 sqft
    2022-10-01 0 days 1,872 sqft
    2022-11-01 0 days 1,860 sqft
    2022-12-01 0 days 1,872 sqft
    2023-01-01 0 days 1,872 sqft
    2023-02-01 0 days 1,791 sqft
    2023-03-01 0 days 1,794 sqft
    2023-04-01 0 days 2,011 sqft
    2023-05-01 0 days 2,166 sqft
    2023-06-01 0 days 2,080 sqft
    2023-07-01 0 days 2,036 sqft
    2023-08-01 0 days 2,030 sqft
    2023-09-01 0 days 2,117 sqft
    2023-10-01 0 days 2,081 sqft
    2023-11-01 0 days 2,194 sqft
    2023-12-01 0 days 1,779 sqft
    2024-01-01 0 days 1,793 sqft
    2024-02-01 0 days 1,864 sqft
    2024-03-01 0 days 2,008 sqft
    2024-04-01 0 days 2,144 sqft
    2024-05-01 0 days 2,038 sqft
    2024-06-01 0 days 2,030 sqft
    2024-07-01 0 days 2,030 sqft
    2024-08-01 0 days 2,030 sqft
    2024-09-01 0 days 2,073 sqft
    2024-10-01 0 days 1,948 sqft
    Yankton's median listing age (time on market) for 2024-10-01 was 0 days.

    Yankton's median square footage for active listings during the 2024-10-01 period was 1,948 sqft. One year prior, the average listing was 2,081 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.