Yankton Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Yankton averaged 6.68% for the week of 2023-05-25, compared to the national average of 6.57% for the same period.

    The average rate for the prior week (2023-05-18) was 6.3% and one month ago for the week of 2023-04-20, the average rate was 6.3%.

    Yankton's average rate one year ago was 5.36%.

    For refis of the same type during the week of 2023-05-25, the average rate was 7.07%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-05-25 6.57%
    Yankton 30 Year Fixed Rate 2023-05-25 6.68%
    Yankton 30 Year Fixed Rate Refi 2023-05-25 7.07%
    Yankton 15 Year Fixed Rate 2023-05-25 5.87%
    Yankton 15 Year Fixed Rate Refi 2023-05-25 5.97%
    Yankton 30 Year FHA 2023-05-25 6.71%
    Yankton 30 Year FHA Refi 2023-05-25 6.61%
    Yankton 30 Year USDA 2023-05-25 6.43%
    Yankton 30 Year USDA Refi 2023-05-25 6.53%
    Yankton 30 Year VA 2023-05-25 6.31%
    Yankton 30 Year VA Refi 2023-05-25 6.51%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Yankton, SD.

    Yankton 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 Yankton, 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    First Dakota National Bank 50 5.32% $2,984
    First National Bank of Omaha 19 4.67% $2,703
    CORTRUST MORTGAGE, INC. 14 5.43% $5,364
    QUICKEN LOANS, LLC 12 5.54% $6,208
    CU MORTGAGE DIRECT, LLC 10 4.99% $4,111
    First International Bank & Trust 10 5.69% $2,331
    First Interstate Bank 8 6.00% $3,773
    Wells Fargo Bank 8 4.50% $2,536
    Plains Commerce Bank 6 5.25% $4,125
    LOANDEPOT.COM, LLC 5 3.65% $10,426
    U.S. Bank 3 5.63% $4,063
    West Gate Bank 3 4.63% $3,213
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 5.79% $4,133
    First PREMIER Bank 3 4.42% $3,050
    AMERICAN FINANCING CORPORATION 2 4.75% $6,735
    CROSSCOUNTRY MORTGAGE, LLC 2 6.23% $7,675
    Farm Credit Mid-America, ACA 2 6.19% $6,665
    SIOUX FALLS 2 5.19% $3,286
    THRIVENT Federal Credit Union 1 2.75% $4,029
    Union Bank and Trust Company 1 3.88% $3,002
    USAA Federal Savings Bank 1 5.50% $4,706
    US MORTGAGE CORPORATION 1 5.88% $14,420
    WINGS FINANCIAL 1 4.88% $2,143
    Ally Bank 1 2.75% $5,874
    Wyndham Capital Mortgage, Inc. 1 3.75% $2,328
    American Bank & Trust 1 3.88% $1,994
    American State Bank 1 4.13% $1,253
    AMERISAVE MORTGAGE CORPORATION 1 3.00% $2,792
    BANKWEST, INC. 1 5.50% $4,197
    BLACK HILLS FEDERAL CREDIT UNION 1 4.13% $4,933
    CHARTER WEST BANK 1 5.63% $1,789
    CMG MORTGAGE, INC. 1 5.38% $4,838
    Exchange Bank 1 5.25% $2,808
    First Bank & Trust 1 6.13% $5,990
    Flanagan State Bank 1 4.88% $6,009
    FREEDOM MORTGAGE CORPORATION 1 7.13% $6,541
    HSBC BANK USA, NATIONAL ASSOCIATION 1 4.55% $3,246
    Midwest Heritage Bank FSB 1 3.13% $2,103
    NAVY FEDERAL CREDIT UNION 1 3.63% $3,018
    Operating Engineers Local Union #3 1 3.38% $2,938
    PENNYMAC LOAN SERVICES, LLC 1 7.13% $7,967
    S1L, Inc. 1 3.75% $5,880

    Yankton Average Closing Costs & Other Stats

    Yankton, SD's 42 lenders originated 417 loans during 2022. The total origination value was $83,935,000, with an average loan value of $201,283.

    Yankton's average closing costs are $3,943.

    The top Yankton lender as defined by loan originations is First Dakota National Bank, with 50 loans originated. Their average total fees are $2,984, which is $281 higher than the next largest lender, First National Bank of Omaha.

    The lowest fee Yankton lenders (with over 10 loans originated) are First International Bank & Trust ($2,331), First National Bank of Omaha ($2,703), First Dakota National Bank ($2,984), CU MORTGAGE DIRECT, LLC ($4,111) and CORTRUST MORTGAGE, INC. ($5,364).

    The lowest rate Yankton lenders (with over 10 loans originated) are First National Bank of Omaha (4.67%), CU MORTGAGE DIRECT, LLC (4.99%), First Dakota National Bank (5.32%), CORTRUST MORTGAGE, INC. (5.43%) and QUICKEN LOANS, LLC (5.54%).

    Yankton, 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    First Dakota National Bank $45,990,000 $25,625,000 -44.3% 30.5%
    First National Bank of Omaha $7,250,000 $5,895,000 -18.7% 7.0%
    CORTRUST MORTGAGE, INC. $7,635,000 $5,185,000 -32.1% 6.2%
    QUICKEN LOANS, LLC $9,555,000 $4,560,000 -52.3% 5.4%
    First International Bank & Trust $2,860,000 $4,485,000 56.8% 5.3%
    First Interstate Bank $380,000 $2,605,000 585.5% 3.1%
    CU MORTGAGE DIRECT, LLC $5,580,000 $2,595,000 -53.5% 3.1%
    Plains Commerce Bank $8,285,000 $2,420,000 -70.8% 2.9%
    LOANDEPOT.COM, LLC $280,000 $2,295,000 719.6% 2.7%
    Wells Fargo Bank $5,745,000 $2,245,000 -60.9% 2.7%
    CROSSCOUNTRY MORTGAGE, LLC $5,500,000 $1,785,000 -67.5% 2.1%
    CorTrust Bank $895,000 $1,765,000 97.2% 2.1%
    Arbor Realty Trust, Inc. $1,705,000 $1,635,000 -4.1% 1.9%
    First PREMIER Bank $1,910,000 $1,275,000 -33.2% 1.5%
    Mortgage Research Center, LLC $1,495,000 $1,085,000 -27.4% 1.3%
    U.S. Bank $410,000 $970,000 136.6% 1.2%
    West Gate Bank $2,125,000 $945,000 -55.5% 1.1%
    AMERISAVE MORTGAGE CORPORATION $545,000 $795,000 45.9% 0.9%
    GUARANTEED RATE, INC. $700,000 $690,000 -1.4% 0.8%
    NAVY FEDERAL CREDIT UNION $645,000 $680,000 5.4% 0.8%
    PENNYMAC LOAN SERVICES, LLC $1,480,000 $665,000 -55.1% 0.8%
    Farm Credit Mid-America, ACA $1,065,000 $660,000 -38.0% 0.8%
    Reliabank Dakota $910,000 $645,000 -29.1% 0.8%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,640,000 $630,000 -61.6% 0.8%
    Servion, Inc. $605,000 n/a 0.7%
    The Security National Bank of Sioux City, Iowa $590,000 n/a 0.7%
    USAA Federal Savings Bank $355,000 $550,000 54.9% 0.7%
    First Bank & Trust $605,000 $545,000 -9.9% 0.6%
    Flanagan State Bank $375,000 $540,000 44.0% 0.6%
    FREEDOM MORTGAGE CORPORATION $1,160,000 $465,000 -59.9% 0.6%
    HOMESTAR FINANCIAL CORPORATION $185,000 $445,000 140.5% 0.5%
    SIOUX FALLS $1,195,000 $445,000 -62.8% 0.5%
    BANKWEST, INC. $705,000 $375,000 -46.8% 0.4%
    Exchange Bank $375,000 n/a 0.4%
    AMERICAN FINANCING CORPORATION $340,000 n/a 0.4%
    American State Bank $335,000 n/a 0.4%
    US MORTGAGE CORPORATION $405,000 $335,000 -17.3% 0.4%
    HSBC BANK USA, NATIONAL ASSOCIATION $325,000 n/a 0.4%
    Unify Home Lending Inc. $315,000 n/a 0.4%
    American Bank & Trust $660,000 $310,000 -53.0% 0.4%
    TRIAD FINANCIAL SERVICES, INC. $265,000 n/a 0.3%
    BROKER SOLUTIONS, INC. $125,000 $235,000 88.0% 0.3%
    Mr. Cooper ( Nationstar Mortgage ) $885,000 $235,000 -73.4% 0.3%
    Wyndham Capital Mortgage, Inc. $235,000 n/a 0.3%
    GUILD MORTGAGE COMPANY $225,000 n/a 0.3%
    Pinnacle Bank $375,000 $225,000 -40.0% 0.3%
    S1L, Inc. $225,000 n/a 0.3%
    Ally Bank $215,000 n/a 0.3%
    Union Bank and Trust Company $215,000 n/a 0.3%
    VERIDIAN CREDIT UNION $145,000 $205,000 41.4% 0.2%
    PENTAGON FEDERAL CREDIT UNION $185,000 n/a 0.2%
    BLACK HILLS FEDERAL CREDIT UNION $760,000 $175,000 -77.0% 0.2%
    CMG MORTGAGE, INC. $235,000 $165,000 -29.8% 0.2%
    NEW DAY FINANCIAL, LLC $605,000 $165,000 -72.7% 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $145,000 $155,000 6.9% 0.2%
    Barrington Bank & Trust Company, N.A. $205,000 $145,000 -29.3% 0.2%
    NEWREZ LLC $145,000 n/a 0.2%
    Northwest Bank $140,000 n/a 0.2%
    Bankers' Bank $135,000 n/a 0.2%
    CHARTER WEST BANK $205,000 $135,000 -34.1% 0.2%
    THRIVENT Federal Credit Union $135,000 n/a 0.2%
    Operating Engineers Local Union #3 $115,000 n/a 0.1%
    Discover Bank $85,000 $110,000 29.4% 0.1%
    Dacotah Bank $185,000 $105,000 -43.2% 0.1%
    SERVICE FIRST FEDERAL CREDIT UNION $105,000 n/a 0.1%
    21ST MORTGAGE CORPORATION $100,000 $95,000 -5.0% 0.1%
    Midwest Heritage Bank FSB $95,000 n/a 0.1%
    Carrington Mortgage Services, LLC $75,000 n/a 0.1%
    Primebank $75,000 n/a 0.1%
    Availa Bank $175,000 $55,000 -68.6% 0.1%
    Bremer Bank $55,000 n/a 0.1%
    WINGS FINANCIAL $35,000 n/a 0.0%
    Flagstar Bank, FSB $870,000 $25,000 -97.1% 0.0%

    Yankton's top lender by overall market share is First Dakota National Bank, with 30.5% market share. In second place, with 7.0%, is First National Bank of Omaha, having originated $5,895,000 in loans. In third place, with 6.2%, is CORTRUST MORTGAGE, INC., having originated $5,185,000 in loans. In fourth place, with 5.4%, is QUICKEN LOANS, LLC, having originated $4,560,000 in loans. In fifth place, with 5.3%, is First International Bank & Trust, having originated $4,485,000 in loans.

    Yankton Housing Market Trends (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 $207,000 (-0.3%) $237,858 (-0.1%) 0.00 72
    2019-04-01 $201,150 (-8.0%) $235,704 (-3.4%) 0.00 75
    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 $194,900 (12.2%) $211,026 (-1.5%) 0.00 92
    2019-09-01 $199,875 (9.1%) $214,339 (-0.3%) 0.00 89
    2019-10-01 $199,125 (-1.9%) $215,197 (-6.4%) 0.00 89
    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 (-7.1%) 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 $297,700 (63.0%) $378,862 (68.4%) 0.00 18
    2021-12-01 $268,775 (57.9%) $365,024 (75.9%) 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 $138,700 (-22.9%) $264,937 (10.3%) 0.00 22
    2022-04-01 $189,950 (5.1%) $314,277 (44.7%) 0.00 17
    2022-05-01 $200,000 (9.1%) $328,408 (46.3%) 0.00 20
    2022-06-01 $251,175 (28.9%) $334,098 (38.2%) 0.00 20
    2022-07-01 $264,900 (45.4%) $328,975 (28.6%) 0.00 28
    2022-08-01 $274,975 (50.7%) $361,158 (26.6%) 0.00 32
    2022-09-01 $284,475 (46.1%) $409,461 (51.9%) 0.00 27
    2022-10-01 $244,000 (22.1%) $397,505 (19.9%) 0.00 23
    2022-11-01 $279,950 (-6.0%) $376,170 (-0.7%) 0.00 19
    2022-12-01 $279,950 (4.2%) $372,304 (2.0%) 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 (94.6%) $288,928 (9.1%) 0.00 15
    2023-04-01 $369,950 (0.0%) $406,807 (0.0%) 0.00 17
    Yankton's median listing price for 2023-04-01 was $369,950, a difference of $180,000 (0.0%) versus the prior year and $100,050 versus the prior month.

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

    Yankton's average listing price for 2023-04-01 was $406,807, a difference of $92,530 (0.0%) versus the prior year and $117,879 versus the prior month.

    For the 2023-04-01 period, Yankton had 17 MLS listings, a difference of 2 listings (13%) versus the prior month and 0 listings (0%) 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 1,756 sqft
    2019-09-01 0 days 1,755 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 2,310 sqft
    2021-12-01 0 days 2,364 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
    Yankton's median listing age (time on market) for 2023-04-01 was 0 days.

    Yankton's median square footage for active listings during the 2023-04-01 period was 2,011 sqft. One year prior, the average listing was 1,773 sqft.

    Yankton, SD Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 257 $61,005,000 $237,374
    Cash Out Refi 59 $10,155,000 $172,119
    Refi 54 $9,520,000 $176,296
    Home Improvement 25 $1,265,000 $50,600
    Other 22 $1,990,000 $90,455

    Yankton's most frequently cited loan purpose was Home Purchase, with 257 originations. The 2nd most popular reason was Cash Out Refi, with 59 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 126 $25,610,000 $203,254
    4-5% 85 $22,325,000 $262,647
    3-4% 74 $15,450,000 $208,784
    6-7% 54 $10,180,000 $188,519
    2.5-3% 24 $4,200,000 $175,000
    7-8% 16 $2,660,000 $166,250
    Over 8% 6 $270,000 $45,000
    <2.5% 5 $725,000 $145,000

    During 2022, Yankton's most frequently originated rate bucket was 5-6%, with 126 originations.

    Loan Sizing (Yankton, SD MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 167 $25,285,000 $151,407
    $200k-400k 138 $36,560,000 $264,928
    $100,000 or less 92 $5,310,000 $57,717
    $400k-600k 13 $6,465,000 $497,308
    $600k-1000k 5 $3,175,000 $635,000
    $Over $1MM 2 $7,140,000 $3,570,000

    Yankton's loan sizing saw the bucket of loans from $100k-200k with 167 originations, totaling $25,285,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 176 $37,720,000 $214,318
    60-80% 108 $24,340,000 $225,370
    40-60% 45 $8,275,000 $183,889
    20-40% 29 $8,485,000 $292,586
    Under 20% 25 $1,145,000 $45,800
    Over 100% 4 $1,080,000 $270,000

    Yankton's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 176 originations, totaling $37,720,000 in origination value.