Dacotah Bank closing costs and rates (2024)
In 2024, Dacotah Bank originated 328 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $4,133. That is $2,608 below the national median of $6,741. Dacotah Bank is most active in South Dakota with 239 originations there.
Purchase Originations
328
Median Total Costs
$4,133
−38.7% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$1,526
Median Lender Credits
$60
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 255 | 6.625% | $3,801 | $1,842 |
| fha | 31 | 6.125% | $6,004 | $360 |
| usda | 26 | 5.688% | $4,355 | $360 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| South Dakota | 239 | 6.500% | $4,193 | #7 |
| North Dakota | 72 | 6.625% | $3,442 | #21 |
| Minnesota | 11 | 6.500% | $4,869 | — |
| Nebraska | 2 | 6.745% | $5,681 | — |
| Colorado | 1 | 7.000% | $7,580 | — |
| Iowa | 1 | 6.750% | $4,709 | — |
| Kentucky | 1 | 6.490% | $1,468 | — |
| Michigan | 1 | 6.990% | $9,030 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,247 | 6.750% | — | 5 | −$1,886 | |
| 2 | $2,248 | 6.562% | — | 18 | −$1,885 | |
| 3 | $3,070 | 6.875% | — | 10 | −$1,063 | |
| 4 | $3,302 | 6.500% | — | 19 | −$831 | |
| 5 | $3,468 | 6.125% | — | 17 | −$665 | |
| 6 | $3,740 | 6.750% | — | 21 | −$393 | |
| 7 | $3,860 | 7.688% | — | 4 | −$273 | |
| 8 | $3,969 | 6.438% | — | 88 | −$164 | |
| 9 | $4,182 | 6.500% | — | 11 | +$49 | |
| 10 | $4,253 | 6.375% | — | 5 | +$120 | |
| 11 | $4,343 | 6.375% | — | 9 | +$210 | |
| 12 | $4,388 | 6.750% | — | 6 | +$255 | |
| 13 | $4,526 | 6.562% | — | 8 | +$393 | |
| 14 | $4,545 | 6.938% | — | 8 | +$412 | |
| 15 | $4,626 | 6.625% | — | 19 | +$493 | |
| 16 | $4,817 | 6.875% | — | 10 | +$684 | |
| 17 | $4,904 | 6.625% | — | 3 | +$771 | |
| 18 | $4,906 | 6.750% | — | 5 | +$773 | |
| 19 | $5,916 | 8.250% | — | 5 | +$1,783 | |
| 20 | $6,868 | 6.750% | — | 4 | +$2,735 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.