Vermillion Mortgage Rates
30 Year Fixed Rate mortgages in Vermillion averaged
5.72%
for the week of 2022-06-30, compared to the national average of
5.7% for the same period.
The average rate for the prior week (2022-06-23) was
5.73% and
one month ago for the week of 2022-05-26, the
average rate was 4.92%.
Vermillion's average rate one year ago was 3.39%.
For refis of the same type during the week of 2022-06-30, the average rate
was 5.58%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2022-06-30 | 5.7% |
Vermillion 30 Year Fixed Rate | 2022-06-30 | 5.72% |
Vermillion 30 Year Fixed Rate Refi | 2022-06-30 | 5.58% |
Vermillion 15 Year Fixed Rate | 2022-06-30 | 6.79% |
Vermillion 15 Year Fixed Rate Refi | 2022-06-30 | 4.9% |
Vermillion 30 Year FHA | 2022-06-30 | 5.2% |
Vermillion 30 Year FHA Refi | 2022-06-30 | 5.25% |
Vermillion 30 Year USDA | 2022-06-30 | 5.52% |
Vermillion 30 Year VA | 2022-06-30 | 5.76% |
Vermillion 30 Year VA Refi | 2022-06-30 | 4.99% |
Vermillion Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, 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.).
Vermillion, SD's 37 lenders originated 402
loans during 2021. The total origination value was $79,810,000, with an average loan value of
$198,532.
The top Vermillion lender as defined by loan originations is First Dakota National Bank, with
42 loans originated. Their average total fees are
$2,278, which is $1,135
lower than the next largest lender,
Plains Commerce Bank.
The lowest fee Vermillion lenders (with over 10 loans originated) are
First Dakota National Bank ($2,278), Plains Commerce Bank ($3,414), CORTRUST MORTGAGE, INC. ($4,359), Bank of the West ($5,139) and .
The lowest rate Vermillion lenders (with over 10 loans originated) are
First Dakota National Bank (2.94%), CORTRUST MORTGAGE, INC. (2.99%), Bank of the West (3.13%), Plains Commerce Bank (3.20%) and .
Vermillion, SD Lender 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
---|---|---|---|---|
First Dakota National Bank | $17,240,000 | $17,070,000 | -1.0% | 21.4% |
Plains Commerce Bank | $12,320,000 | $11,785,000 | -4.3% | 14.8% |
First Bank & Trust | $1,685,000 | $6,375,000 | 278.3% | 8.0% |
Bank of the West | $3,480,000 | $5,500,000 | 58.0% | 6.9% |
QUICKEN LOANS, LLC | $5,165,000 | $4,955,000 | -4.1% | 6.2% |
Wells Fargo Bank | $715,000 | $3,505,000 | 390.2% | 4.4% |
CU MORTGAGE DIRECT, LLC | $3,645,000 | $3,155,000 | -13.4% | 4.0% |
CORTRUST MORTGAGE, INC. | $2,750,000 | $2,735,000 | -0.5% | 3.4% |
First PREMIER Bank | $1,590,000 | $2,405,000 | 51.3% | 3.0% |
BANKWEST, INC. | $90,000 | $1,390,000 | 1,444.4% | 1.7% |
GUARANTEED RATE, INC. | $520,000 | $1,015,000 | 95.2% | 1.3% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $225,000 | $1,010,000 | 348.9% | 1.3% |
Farm Credit Mid-America, ACA | $265,000 | $995,000 | 275.5% | 1.2% |
Community Mortgage Banc Corporation | $805,000 | $865,000 | 7.5% | 1.1% |
FREEDOM MORTGAGE CORPORATION | $235,000 | $830,000 | 253.2% | 1.0% |
CROSSCOUNTRY MORTGAGE, LLC | $480,000 | $785,000 | 63.5% | 1.0% |
Mortgage Research Center, LLC | $795,000 | $745,000 | -6.3% | 0.9% |
Cobalt Credit Union | $725,000 | n/a | 0.9% | |
U.S. Bank | $900,000 | $660,000 | -26.7% | 0.8% |
BROKER SOLUTIONS, INC. | $655,000 | n/a | 0.8% | |
USAA Federal Savings Bank | $215,000 | $560,000 | 160.5% | 0.7% |
Ally Bank | $145,000 | $530,000 | 265.5% | 0.7% |
Bank of America | $530,000 | n/a | 0.7% | |
PENNYMAC LOAN SERVICES, LLC | $225,000 | $495,000 | 120.0% | 0.6% |
21ST MORTGAGE CORPORATION | $330,000 | $480,000 | 45.5% | 0.6% |
The First National Bank in Sioux Falls | $430,000 | $475,000 | 10.5% | 0.6% |
BETTER MORTGAGE CORPORATION | $215,000 | $470,000 | 118.6% | 0.6% |
IOWA BANKERS MORTGAGE CORPORATION | $545,000 | $445,000 | -18.3% | 0.6% |
Great Western Bank | $565,000 | $430,000 | -23.9% | 0.5% |
Central Bank | $185,000 | $420,000 | 127.0% | 0.5% |
CALIBER HOME LOANS, INC. | $275,000 | $395,000 | 43.6% | 0.5% |
Great Southern Bank | $385,000 | n/a | 0.5% | |
BNC National Bank | $375,000 | n/a | 0.5% | |
DAS Acquisition Company, LLC | $375,000 | n/a | 0.5% | |
Flagstar Bank, FSB | $85,000 | $360,000 | 323.5% | 0.5% |
Mr. Cooper ( Nationstar Mortgage ) | $350,000 | n/a | 0.4% | |
Flanagan State Bank | $345,000 | n/a | 0.4% | |
Wyndham Capital Mortgage, Inc. | $325,000 | n/a | 0.4% | |
NAVY FEDERAL CREDIT UNION | $320,000 | n/a | 0.4% | |
AMERISAVE MORTGAGE CORPORATION | $315,000 | n/a | 0.4% | |
First National Bank of Omaha | $280,000 | $280,000 | 0.0% | 0.4% |
JPMorgan Chase Bank | $270,000 | n/a | 0.3% | |
Bell Bank | $255,000 | n/a | 0.3% | |
American Bank & Trust | $515,000 | $245,000 | -52.4% | 0.3% |
Northpointe Bank | $225,000 | n/a | 0.3% | |
AMERICAN FINANCING CORPORATION | $215,000 | n/a | 0.3% | |
BLACK HILLS FEDERAL CREDIT UNION | $85,000 | $205,000 | 141.2% | 0.3% |
LOANDEPOT.COM, LLC | $440,000 | $205,000 | -53.4% | 0.3% |
Stifel Bank and Trust | $200,000 | n/a | 0.3% | |
MANN FINANCIAL INC. | $195,000 | n/a | 0.2% | |
VILLAGE CAPITAL & INVESTMENT LLC | $195,000 | n/a | 0.2% | |
CorTrust Bank | $225,000 | $180,000 | -20.0% | 0.2% |
LAKEVIEW LOAN SERVICING, LLC | $175,000 | n/a | 0.2% | |
Premier Bank | $175,000 | n/a | 0.2% | |
NEW DAY FINANCIAL, LLC | $290,000 | $165,000 | -43.1% | 0.2% |
CHURCHILL MORTGAGE CORPORATION | $155,000 | n/a | 0.2% | |
AMERICAN ADVISORS GROUP | $145,000 | n/a | 0.2% | |
First Interstate Bank | $145,000 | n/a | 0.2% | |
MID AMERICA MORTGAGE, INC. | $135,000 | n/a | 0.2% | |
CMG MORTGAGE, INC. | $125,000 | n/a | 0.2% | |
American State Bank | $730,000 | $115,000 | -84.2% | 0.1% |
TRIAD FINANCIAL SERVICES, INC. | $25,000 | $105,000 | 320.0% | 0.1% |
First Guaranty Mortgage Corporation | $95,000 | n/a | 0.1% | |
TCF National Bank | $65,000 | n/a | 0.1% |
Vermillion's top lender by overall market share is First Dakota National Bank, with 21.4% market share. In second place, with 14.8%, is Plains Commerce Bank, having originated $11,785,000 in loans. In third place, with 8.0%, is First Bank & Trust, having originated $6,375,000 in loans. In third place, with 6.9%, is Bank of the West, having originated $5,500,000 in loans. In third place, with 6.2%, is QUICKEN LOANS, LLC, having originated $4,955,000 in loans.
Vermillion, SD Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 185 | $38,735,000 | $209,378 |
Refi | 133 | $25,735,000 | $193,496 |
Cash Out Refi | 63 | $11,925,000 | $189,286 |
Other | 14 | $2,000,000 | $142,857 |
Home Improvement | 7 | $1,415,000 | $202,143 |
Vermillion's most frequently cited loan purpose was Home Purchase, with 185 originations. The 2nd most popular reason was Refi, with 133 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
2.5-3% | 173 | $35,555,000 | $205,520 |
3-4% | 105 | $23,295,000 | $221,857 |
<2.5% | 90 | $15,730,000 | $174,778 |
4-5% | 17 | $3,865,000 | $227,353 |
Over 8% | 5 | $175,000 | $35,000 |
6-7% | 4 | $350,000 | $87,500 |
5-6% | 3 | $405,000 | $135,000 |
7-8% | 2 | $80,000 | $40,000 |
During 2021, Vermillion's most frequently originated rate bucket was 2.5-3%, with 173 originations.
Loan Sizing (Vermillion, SD MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 176 | $26,350,000 | $149,716 |
$200k-400k | 150 | $39,790,000 | $265,267 |
$100,000 or less | 60 | $3,960,000 | $66,000 |
$400k-600k | 10 | $4,680,000 | $468,000 |
$600k-1000k | 5 | $3,935,000 | $787,000 |
$Over $1MM | 1 | $1,095,000 | $1,095,000 |
Vermillion's loan sizing saw the bucket of loans from $100k-200k with 176 originations, totaling $26,350,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 154 | $35,360,000 | $229,610 |
60-80% | 144 | $28,390,000 | $197,153 |
40-60% | 55 | $9,455,000 | $171,909 |
20-40% | 26 | $3,370,000 | $129,615 |
Under 20% | 5 | $475,000 | $95,000 |
Over 100% | 2 | $620,000 | $310,000 |
Vermillion's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 154 originations, totaling $35,360,000 in origination value.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Vermillion (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $152,000 (-18.9%) | $171,711 (-8.9%) | 0.00 | 25 |
2018-02-01 | $182,450 (-1.9%) | $203,648 (7.2%) | 0.00 | 28 |
2018-03-01 | $219,000 (15.3%) | $213,767 (4.7%) | 0.00 | 31 |
2018-04-01 | $224,900 (15.4%) | $230,477 (9.9%) | 0.00 | 36 |
2018-05-01 | $209,900 (15.1%) | $217,184 (2.6%) | 0.00 | 30 |
2018-06-01 | $215,900 (20.1%) | $216,913 (6.1%) | 0.00 | 31 |
2018-07-01 | $222,950 (23.9%) | $219,507 (13.8%) | 0.00 | 31 |
2018-08-01 | $179,900 (-1.7%) | $200,825 (3.9%) | 0.00 | 33 |
2018-09-01 | $199,900 (14.2%) | $203,870 (11.1%) | 0.00 | 22 |
2018-10-01 | $174,450 (1.2%) | $197,329 (9.8%) | 0.00 | 20 |
2018-11-01 | $219,500 (37.2%) | $221,850 (25.2%) | 0.00 | 17 |
2018-12-01 | $259,900 (73.4%) | $256,525 (45.2%) | 0.00 | 15 |
2019-01-01 | $219,900 (44.7%) | $236,970 (38.0%) | 0.00 | 14 |
2019-02-01 | $269,000 (47.4%) | $248,496 (22.0%) | 0.00 | 21 |
2019-03-01 | $252,243 (15.2%) | $243,046 (13.7%) | 0.00 | 21 |
2019-04-01 | $232,693 (3.5%) | $241,124 (4.6%) | 0.00 | 24 |
2019-05-01 | $195,000 (-7.1%) | $197,848 (-8.9%) | 0.00 | 22 |
2019-06-01 | $189,900 (-12.0%) | $196,080 (-9.6%) | 0.00 | 28 |
2019-07-01 | $179,900 (-19.3%) | $185,532 (-15.5%) | 0.00 | 33 |
2019-08-01 | $175,443 (-2.5%) | $174,031 (-13.3%) | 0.00 | 34 |
2019-09-01 | $164,748 (-17.6%) | $163,725 (-19.7%) | 0.00 | 28 |
2019-10-01 | $159,995 (-8.3%) | $167,877 (-14.9%) | 0.00 | 29 |
2019-11-01 | $159,900 (-27.2%) | $165,152 (-25.6%) | 0.00 | 25 |
2019-12-01 | $154,500 (-40.6%) | $171,462 (-33.2%) | 0.00 | 21 |
2020-01-01 | $154,500 (-29.7%) | $167,237 (-29.4%) | 0.00 | 19 |
2020-02-01 | $139,900 (-48.0%) | $149,313 (-39.9%) | 0.00 | 24 |
2020-03-01 | $159,000 (-37.0%) | $160,556 (-33.9%) | 0.00 | 22 |
2020-04-01 | $153,450 (-34.1%) | $182,890 (-24.2%) | 0.00 | 23 |
2020-05-01 | $169,900 (-12.9%) | $205,982 (4.1%) | 0.00 | 23 |
2020-06-01 | $195,000 (2.7%) | $210,694 (7.5%) | 0.00 | 23 |
2020-07-01 | $195,000 (8.4%) | $224,167 (20.8%) | 0.00 | 25 |
2020-08-01 | $185,000 (5.5%) | $218,470 (25.5%) | 0.00 | 20 |
2020-09-01 | $175,000 (6.2%) | $213,708 (30.5%) | 0.00 | 19 |
2020-10-01 | $175,000 (9.4%) | $226,696 (35.0%) | 0.00 | 22 |
2020-11-01 | $169,900 (6.3%) | $230,622 (39.6%) | 0.00 | 23 |
2020-12-01 | $269,900 (74.7%) | $325,013 (89.6%) | 0.00 | 13 |
2021-01-01 | $309,900 (100.6%) | $350,262 (109.4%) | 0.00 | 11 |
2021-02-01 | $309,900 (121.5%) | $350,554 (134.8%) | 0.00 | 12 |
2021-03-01 | $199,900 (25.7%) | $276,535 (72.2%) | 0.00 | 13 |
2021-04-01 | $212,900 (38.7%) | $292,606 (60.0%) | 0.00 | 11 |
2021-05-01 | $199,900 (17.7%) | $275,300 (33.7%) | 0.00 | 16 |
2021-06-01 | $247,450 (26.9%) | $276,023 (31.0%) | 0.00 | 17 |
2021-07-01 | $244,900 (25.6%) | $259,769 (15.9%) | 0.00 | 22 |
2021-08-01 | $232,450 (25.7%) | $252,294 (15.5%) | 0.00 | 19 |
2021-09-01 | $199,900 (14.2%) | $261,859 (22.5%) | 0.00 | 15 |
2021-10-01 | $235,000 (34.3%) | $272,527 (20.2%) | 0.00 | 14 |
2021-11-01 | $205,000 (20.7%) | $257,912 (11.8%) | 0.00 | 15 |
2021-12-01 | $230,000 (-14.8%) | $268,437 (-17.4%) | 0.00 | 14 |
2022-01-01 | $239,900 (-22.6%) | $279,779 (-20.1%) | 0.00 | 13 |
2022-02-01 | $317,450 (2.4%) | $314,676 (-10.2%) | 0.00 | 9 |
2022-03-01 | $287,450 (43.8%) | $315,702 (14.2%) | 0.00 | 8 |
2022-04-01 | $350,000 (64.4%) | $379,180 (29.6%) | 0.00 | 8 |
2022-05-01 | $382,400 (91.3%) | $384,497 (39.7%) | 0.00 | 9 |
2022-06-01 | $382,400 (54.5%) | $403,748 (46.3%) | 0.00 | 14 |
Vermillion's median listing price comes in at 0% of the national average.
Vermillion's average listing price for 2022-06-01 was $403,748, a difference of $127,725 (46.3%) versus the prior year and $19,251 versus the prior month.
For the 2022-06-01 period, Vermillion had 14 MLS listings, a difference of 5 listings (56%) versus the prior month and -3 listings (-18%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Vermillion (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,920 sqft |
2018-02-01 | 0 days | 2,252 sqft |
2018-03-01 | 0 days | 2,460 sqft |
2018-04-01 | 0 days | 2,460 sqft |
2018-05-01 | 0 days | 2,405 sqft |
2018-06-01 | 0 days | 2,460 sqft |
2018-07-01 | 0 days | 2,407 sqft |
2018-08-01 | 0 days | 2,112 sqft |
2018-09-01 | 0 days | 2,112 sqft |
2018-10-01 | 0 days | 2,109 sqft |
2018-11-01 | 0 days | 2,204 sqft |
2018-12-01 | 0 days | 2,808 sqft |
2019-01-01 | 0 days | 2,378 sqft |
2019-02-01 | 0 days | 2,568 sqft |
2019-03-01 | 0 days | 2,216 sqft |
2019-04-01 | 0 days | 1,820 sqft |
2019-05-01 | 0 days | 1,950 sqft |
2019-06-01 | 0 days | 1,901 sqft |
2019-07-01 | 0 days | 1,840 sqft |
2019-08-01 | 0 days | 1,802 sqft |
2019-09-01 | 0 days | 1,784 sqft |
2019-10-01 | 0 days | 1,757 sqft |
2019-11-01 | 0 days | 1,680 sqft |
2019-12-01 | 0 days | 1,608 sqft |
2020-01-01 | 0 days | 1,478 sqft |
2020-02-01 | 0 days | 1,325 sqft |
2020-03-01 | 0 days | 1,478 sqft |
2020-04-01 | 0 days | 1,500 sqft |
2020-05-01 | 0 days | 1,539 sqft |
2020-06-01 | 0 days | 1,787 sqft |
2020-07-01 | 0 days | 1,924 sqft |
2020-08-01 | 0 days | 1,787 sqft |
2020-09-01 | 0 days | 1,792 sqft |
2020-10-01 | 0 days | 1,825 sqft |
2020-11-01 | 0 days | 1,809 sqft |
2020-12-01 | 0 days | 1,931 sqft |
2021-01-01 | 0 days | 2,300 sqft |
2021-02-01 | 0 days | 2,494 sqft |
2021-03-01 | 0 days | 2,408 sqft |
2021-04-01 | 0 days | 2,318 sqft |
2021-05-01 | 0 days | 2,288 sqft |
2021-06-01 | 0 days | 2,300 sqft |
2021-07-01 | 0 days | 2,184 sqft |
2021-08-01 | 0 days | 2,065 sqft |
2021-09-01 | 0 days | 2,065 sqft |
2021-10-01 | 0 days | 1,825 sqft |
2021-11-01 | 0 days | 1,657 sqft |
2021-12-01 | 0 days | 1,785 sqft |
2022-01-01 | 0 days | 1,825 sqft |
2022-02-01 | 0 days | 2,786 sqft |
2022-03-01 | 0 days | 1,771 sqft |
2022-04-01 | 0 days | 1,950 sqft |
2022-05-01 | 0 days | 2,103 sqft |
2022-06-01 | 0 days | 2,313 sqft |
Vermillion's median square footage for active listings during the 2022-06-01 period was 2,313 sqft. One year prior, the average listing was 2,300 sqft.