Huron Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Huron averaged
6.61%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.94% and
one month ago for the week of 2025-05-15, the
average rate was 7.01%.
Huron's average rate one year ago was 7.15%.
For refis of the same type during the week of 2025-06-18, the average rate
was 6.71%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Huron 30 Year Fixed Rate | 2025-06-18 | 6.61% |
| Huron 30 Year Fixed Rate Refi | 2025-06-18 | 6.71% |
| Huron 15 Year Fixed Rate | 2025-06-18 | 5.96% |
| Huron 15 Year Fixed Rate Refi | 2025-06-18 | 5.86% |
| Huron 30 Year FHA | 2025-06-18 | -0.1% |
| Huron 30 Year FHA Refi | 2025-06-18 | -0.1% |
| Huron 30 Year USDA | 2025-06-18 | 0.2% |
| Huron 30 Year USDA Refi | 2025-06-18 | -0.2% |
| Huron 30 Year VA | 2025-06-18 | 0.2% |
| Huron 30 Year VA Refi | 2025-06-18 | -0.2% |
Huron Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Huron, SD market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
| Name | # of Loans | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| American Bank & Trust | 26 | 6.20% | $4,874 |
| Plains Commerce Bank | 9 | 6.33% | $5,026 |
| Wells Fargo Bank | 4 | 6.75% | $3,622 |
| QUICKEN LOANS, LLC | 4 | 6.66% | $4,659 |
| First National Bank of Omaha | 2 | 6.88% | $3,709 |
| NAVY FEDERAL CREDIT UNION | 2 | 6.63% | $2,942 |
| Mr. Cooper ( Nationstar Mortgage ) | 1 | 6.99% | $7,012 |
| NEWREZ LLC | 1 | 7.75% | $4,175 |
| PENNYMAC LOAN SERVICES, LLC | 1 | 6.99% | $10,090 |
| BMO Harris Bank | 1 | 8.00% | $3,743 |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 1 | 7.88% | $8,257 |
| AMERICAN FINANCING CORPORATION | 1 | 5.25% | $5,961 |
| Reliabank Dakota | 1 | 6.75% | $2,605 |
| U.S. Bank | 1 | 6.38% | $4,165 |
| First Dakota National Bank | 1 | 6.50% | $2,087 |
| Dacotah Bank | 1 | 6.38% | $4,032 |
| First PREMIER Bank | 1 | 7.00% | $2,218 |
Huron Average Closing Costs & Other Stats
Huron, SD's 17 lenders originated 180
loans during 2024. The total origination value was $34,350,000, with an average loan value of
$190,833.
Huron's average closing costs are $4,826.
The top Huron lender as defined by loan originations is American Bank & Trust, with
26 loans originated. Their average total fees are
$4,874, which is $151
lower than the next largest lender,
Plains Commerce Bank.
The lowest fee Huron lenders (with over 10 loans originated) are
American Bank & Trust ($4,874), .
The lowest rate Huron lenders (with over 10 loans originated) are
American Bank & Trust (6.20%), .
Huron, SD Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| American Bank & Trust | $20,875,000 | $12,195,000 | -41.6% | 35.5% |
| First National Bank | $5,430,000 | $8,665,000 | 59.6% | 25.2% |
| Plains Commerce Bank | $2,390,000 | $2,705,000 | 13.2% | 7.9% |
| QUICKEN LOANS, LLC | $1,015,000 | $1,235,000 | 21.7% | 3.6% |
| PENNYMAC LOAN SERVICES, LLC | $55,000 | $970,000 | 1,663.6% | 2.8% |
| BANKWEST, INC. | $1,150,000 | $955,000 | -17.0% | 2.8% |
| Wells Fargo Bank | $75,000 | $675,000 | 800.0% | 2.0% |
| NEW DAY FINANCIAL, LLC | $245,000 | $565,000 | 130.6% | 1.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $305,000 | $515,000 | 68.9% | 1.5% |
| Servion, Inc. | $890,000 | $510,000 | -42.7% | 1.5% |
| NAVY FEDERAL CREDIT UNION | $185,000 | $430,000 | 132.4% | 1.3% |
| Mortgage Research Center, LLC | $985,000 | $350,000 | -64.5% | 1.0% |
| AMERISAVE MORTGAGE CORPORATION | $115,000 | $320,000 | 178.3% | 0.9% |
| U.S. Bank | $85,000 | $320,000 | 276.5% | 0.9% |
| NEWREZ LLC | $345,000 | $305,000 | -11.6% | 0.9% |
| ZILLOW HOME LOANS, LLC | $275,000 | n/a | 0.8% | |
| Deere Employees Credit Union | $250,000 | $245,000 | -2.0% | 0.7% |
| First PREMIER Bank | $875,000 | $225,000 | -74.3% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $225,000 | n/a | 0.7% | |
| First National Bank of Omaha | $360,000 | $220,000 | -38.9% | 0.6% |
| First Dakota National Bank | $105,000 | $195,000 | 85.7% | 0.6% |
| CMG MORTGAGE, INC. | $185,000 | n/a | 0.5% | |
| GENEVA FINANCIAL, LLC | $185,000 | n/a | 0.5% | |
| The First National Bank in Sioux Falls | $185,000 | n/a | 0.5% | |
| First Bank & Trust | $45,000 | $165,000 | 266.7% | 0.5% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $165,000 | n/a | 0.5% | |
| First International Bank & Trust | $155,000 | $155,000 | 0.0% | 0.5% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $155,000 | n/a | 0.5% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $185,000 | $145,000 | -21.6% | 0.4% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $145,000 | n/a | 0.4% | |
| BMO Harris Bank | $80,000 | $130,000 | 62.5% | 0.4% |
| Dacotah Bank | $115,000 | n/a | 0.3% | |
| Reliabank Dakota | $115,000 | n/a | 0.3% | |
| Discover Bank | $110,000 | n/a | 0.3% | |
| Wyoming Bank & Trust | $95,000 | n/a | 0.3% | |
| AMERICAN FINANCING CORPORATION | $65,000 | n/a | 0.2% | |
| First National Bank of America | $55,000 | n/a | 0.2% | |
| Rivers Edge Bank | $65,000 | $55,000 | -15.4% | 0.2% |
| FINANCE OF AMERICA REVERSE LLC | $55,000 | $25,000 | -54.5% | 0.1% |
Huron's top lender by overall market share is American Bank & Trust, with 35.5% market share. In second place, with 25.2%, is First National Bank, having originated $8,665,000 in loans. In third place, with 7.9%, is Plains Commerce Bank, having originated $2,705,000 in loans. In fourth place, with 3.6%, is QUICKEN LOANS, LLC, having originated $1,235,000 in loans. In fifth place, with 2.8%, is PENNYMAC LOAN SERVICES, LLC, having originated $970,000 in loans.
Huron, SD Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 130 | $25,350,000 | $195,000 |
| Refi | 25 | $5,395,000 | $215,800 |
| Cash Out Refi | 18 | $3,040,000 | $168,889 |
| Home Improvement | 4 | $440,000 | $110,000 |
| Other | 3 | $125,000 | $41,667 |
Huron's most frequently cited loan purpose was Home Purchase, with 130 originations. The 2nd most popular reason was Refi, with 25 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 65 | $13,575,000 | $208,846 |
| 5-6% | 28 | $5,830,000 | $208,214 |
| Over 8% | 18 | $2,680,000 | $148,889 |
| 7-8% | 15 | $2,885,000 | $192,333 |
| 4-5% | 2 | $380,000 | $190,000 |
During 2024, Huron's most frequently originated rate bucket was 6-7%, with 65 originations.
Loan Sizing (Huron, SD MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 79 | $12,035,000 | $152,342 |
| $200k-400k | 59 | $16,315,000 | $276,525 |
| $100,000 or less | 34 | $2,130,000 | $62,647 |
| $400k-600k | 7 | $3,235,000 | $462,143 |
| $600k-1000k | 1 | $635,000 | $635,000 |
Huron's loan sizing saw the bucket of loans from $100k-200k with 79 originations, totaling $12,035,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 84 | $17,640,000 | $210,000 |
| 60-80% | 20 | $4,780,000 | $239,000 |
| 40-60% | 8 | $1,430,000 | $178,750 |
| 20-40% | 7 | $515,000 | $73,571 |
| Under 20% | 6 | $290,000 | $48,333 |
| Over 100% | 2 | $450,000 | $225,000 |
Huron's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 84 originations, totaling $17,640,000 in origination value.