Vermillion Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Vermillion averaged 6.76% for the week of 2025-06-05, compared to the national average of 6.85% for the same period.

    The average rate for the prior week (2025-05-29) was 7.1% and one month ago for the week of 2025-05-01, the average rate was 6.57%.

    Vermillion's average rate one year ago was 7.14%.

    For refis of the same type during the week of 2025-06-05, the average rate was 7.45%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-06-05 6.85%
    Vermillion 30 Year Fixed Rate 2025-06-05 6.76%
    Vermillion 30 Year Fixed Rate Refi 2025-06-05 7.45%
    Vermillion 15 Year Fixed Rate 2025-06-05 6.19%
    Vermillion 15 Year Fixed Rate Refi 2025-06-05 5.99%
    Vermillion 30 Year FHA 2025-06-05 6.68%
    Vermillion 30 Year FHA Refi 2025-06-05 6.78%
    Vermillion 30 Year USDA 2025-06-05 6.24%
    Vermillion 30 Year USDA Refi 2025-06-05 6.54%
    Vermillion 30 Year VA 2025-06-05 6.44%
    Vermillion 30 Year VA Refi 2025-06-05 6.44%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Vermillion, SD.

    Vermillion 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 Vermillion, 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
    First Dakota National Bank 18 6.77% $2,459
    First Bank & Trust 8 6.56% $4,552
    Plains Commerce Bank 7 6.63% $4,335
    Wells Fargo Bank 4 7.50% $4,514
    U.S. Bank 4 6.84% $3,074
    First PREMIER Bank 3 7.13% $5,018
    Ally Bank 2 5.94% $4,961
    CORTRUST MORTGAGE, INC. 2 7.25% $4,573
    CU MORTGAGE DIRECT, LLC 1 5.88% $3,175
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.63% $7,842
    Farm Credit Mid-America, ACA 1 7.13% $8,823
    BMO Harris Bank 1 6.00% $3,038
    BANKWEST, INC. 1 6.38% $9,038
    First International Bank & Trust 1 6.13% $4,307
    First National Bank of Omaha 1 7.00% $2,705
    Gate City Bank 1 6.63% $7,263
    GUARANTEED RATE, INC. 1 6.63% $8,062
    Paramount Residential Mortgage Group, Inc. 1 6.38% $5,296
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.50% $11,750
    QUICKEN LOANS, LLC 1 6.75% $7,817
    Servion, Inc. 1 6.88% $6,180
    SIOUX FALLS 1 6.50% $2,989
    The Loan Store, Inc. 1 6.88% $21,422
    CHARTER WEST BANK 1 7.38% $2,977
    Central Bank 1 6.75% $5,153
    Citizens Bank 1 5.99% $5,571
    Community Mortgage Banc Corporation 1 6.50% $2,981

    Vermillion Average Closing Costs & Other Stats

    Vermillion, SD's 27 lenders originated 210 loans during 2024. The total origination value was $37,940,000, with an average loan value of $180,667.

    Vermillion's average closing costs are $4,487.

    The top Vermillion lender as defined by loan originations is First Dakota National Bank, with 18 loans originated. Their average total fees are $2,459, which is $2,093 lower than the next largest lender, First Bank & Trust.

    The lowest fee Vermillion lenders (with over 10 loans originated) are First Dakota National Bank ($2,459), .

    The lowest rate Vermillion lenders (with over 10 loans originated) are First Dakota National Bank (6.77%), .

    Vermillion, 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
    First Bank & Trust $2,110,000 $5,800,000 174.9% 15.3%
    First Dakota National Bank $6,925,000 $5,435,000 -21.5% 14.3%
    Plains Commerce Bank $6,145,000 $2,715,000 -55.8% 7.2%
    First PREMIER Bank $910,000 $1,945,000 113.7% 5.1%
    QUICKEN LOANS, LLC $1,700,000 $1,430,000 -15.9% 3.8%
    U.S. Bank $1,220,000 n/a 3.2%
    BMO Harris Bank $270,000 $1,200,000 344.4% 3.2%
    Mortgage Research Center, LLC $500,000 $1,180,000 136.0% 3.1%
    VOYAGE FEDERAL CREDIT UNION $760,000 $1,160,000 52.6% 3.1%
    Wells Fargo Bank $885,000 n/a 2.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $665,000 $785,000 18.0% 2.1%
    GUARANTEED RATE, INC. $780,000 n/a 2.1%
    CorTrust Bank $1,015,000 $755,000 -25.6% 2.0%
    Bank of Dixon County $590,000 $745,000 26.3% 2.0%
    The Loan Store, Inc. $735,000 n/a 1.9%
    First National Bank of Omaha $365,000 $630,000 72.6% 1.7%
    LOANDEPOT.COM, LLC $255,000 $630,000 147.1% 1.7%
    Farm Credit Mid-America, ACA $550,000 $545,000 -0.9% 1.4%
    CHARTER WEST BANK $455,000 n/a 1.2%
    Flanagan State Bank $295,000 $455,000 54.2% 1.2%
    First International Bank & Trust $740,000 $445,000 -39.9% 1.2%
    Gate City Bank $435,000 n/a 1.1%
    21ST MORTGAGE CORPORATION $115,000 $395,000 243.5% 1.0%
    BANKWEST, INC. $380,000 n/a 1.0%
    CORTRUST MORTGAGE, INC. $600,000 $380,000 -36.7% 1.0%
    FNB BANK $365,000 n/a 1.0%
    MUTUAL OF OMAHA MORTGAGE, INC. $635,000 $355,000 -44.1% 0.9%
    Servion, Inc. $335,000 n/a 0.9%
    GUILD MORTGAGE COMPANY $315,000 n/a 0.8%
    The First National Bank in Sioux Falls $305,000 n/a 0.8%
    USAA Federal Savings Bank $245,000 $305,000 24.5% 0.8%
    VILLAGE CAPITAL MORTGAGE $305,000 n/a 0.8%
    American Mortgage & Equity Consultants, Inc. $365,000 $295,000 -19.2% 0.8%
    MID AMERICA MORTGAGE, INC. $285,000 n/a 0.8%
    Citizens Bank $275,000 n/a 0.7%
    UNITED WHOLESALE MORTGAGE, LLC $275,000 n/a 0.7%
    Ally Bank $270,000 n/a 0.7%
    TRIAD FINANCIAL SERVICES, INC. $160,000 $265,000 65.6% 0.7%
    FOUR POINTS $255,000 n/a 0.7%
    AMERICAN PACIFIC MORTGAGE CORPORATION $225,000 n/a 0.6%
    Central Bank $225,000 $215,000 -4.4% 0.6%
    Community Mortgage Banc Corporation $175,000 n/a 0.5%
    S1L, Inc. $170,000 n/a 0.4%
    CU MORTGAGE DIRECT, LLC $820,000 $165,000 -79.9% 0.4%
    Paramount Residential Mortgage Group, Inc. $165,000 n/a 0.4%
    PENNYMAC LOAN SERVICES, LLC $155,000 n/a 0.4%
    CROSSCOUNTRY MORTGAGE, LLC $405,000 $145,000 -64.2% 0.4%
    SIOUX FALLS $115,000 n/a 0.3%
    Discover Bank $65,000 n/a 0.2%
    First Interstate Bank $25,000 $55,000 120.0% 0.1%
    First Savings Bank $55,000 n/a 0.1%
    NAVY FEDERAL CREDIT UNION $175,000 $45,000 -74.3% 0.1%
    Premier Bank $25,000 $25,000 0.0% 0.1%

    Vermillion's top lender by overall market share is First Bank & Trust, with 15.3% market share. In second place, with 14.3%, is First Dakota National Bank, having originated $5,435,000 in loans. In third place, with 7.2%, is Plains Commerce Bank, having originated $2,715,000 in loans. In fourth place, with 5.1%, is First PREMIER Bank, having originated $1,945,000 in loans. In fifth place, with 3.8%, is QUICKEN LOANS, LLC, having originated $1,430,000 in loans.

    Vermillion Housing Market Trends (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
    2025-04-01 $308,000 (-0.7%) $328,988 (-7.0%) 0.00 32
    2025-05-01 $309,950 (5.1%) $332,656 (-9.3%) 0.00 28
    Vermillion's median listing price for 2025-05-01 was $309,950, a difference of $14,975 (5.1%) versus the prior year and $1,950 versus the prior month.

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

    Vermillion's average listing price for 2025-05-01 was $332,656, a difference of $-33,950 (-9.3%) versus the prior year and $3,668 versus the prior month.

    For the 2025-05-01 period, Vermillion had 28 MLS listings, a difference of -4 listings (-13%) versus the prior month and 8 listings (40%) 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
    2025-04-01 0 days 2,172 sqft
    2025-05-01 0 days 2,111 sqft
    Vermillion's median listing age (time on market) for 2025-05-01 was 0 days.

    Vermillion's median square footage for active listings during the 2025-05-01 period was 2,111 sqft. One year prior, the average listing was 2,149 sqft.

    Vermillion, SD Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 133 $29,115,000 $218,910
    Cash Out Refi 24 $3,640,000 $151,667
    Home Improvement 22 $1,170,000 $53,182
    Refi 19 $2,725,000 $143,421
    Other 12 $1,290,000 $107,500

    Vermillion's most frequently cited loan purpose was Home Purchase, with 133 originations. The 2nd most popular reason was Cash Out Refi, with 24 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 60 $14,310,000 $238,500
    Over 8% 53 $4,995,000 $94,245
    7-8% 35 $9,155,000 $261,571
    5-6% 25 $5,605,000 $224,200
    4-5% 1 $105,000 $105,000

    During 2024, Vermillion's most frequently originated rate bucket was 6-7%, with 60 originations.

    Loan Sizing (Vermillion, SD MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 74 $3,640,000 $49,189
    $100k-200k 61 $8,925,000 $146,311
    $200k-400k 56 $15,510,000 $276,964
    $400k-600k 16 $7,720,000 $482,500
    $600k-1000k 3 $2,145,000 $715,000

    Vermillion's loan sizing saw the bucket of loans from $100,000 or less with 74 originations, totaling $3,640,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 71 $17,245,000 $242,887
    60-80% 41 $8,805,000 $214,756
    Under 20% 21 $1,125,000 $53,571
    20-40% 18 $1,990,000 $110,556
    40-60% 12 $3,010,000 $250,833
    Over 100% 5 $1,195,000 $239,000

    Vermillion's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 71 originations, totaling $17,245,000 in origination value.