Cheyenne FHA Loan Rates, Closing Costs & Stats
CHEYENNE, WY
FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.
FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.
While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.
For additional requirements as defined by the FHA, click here.
Cheyenne's 45 lenders originated 390 FHA loans during 2023. The total origination value was $111,610,000, with an average FHA loan value of $286,179.
Cheyenne FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Cheyenne
averaged
-0.04%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Cheyenne's average FHA mortgage closing costs are $7,741.
The average rate for the prior week (2024-11-22) was
6.36% and
one month ago for the week of 2024-10-25, the
average rate was 6.13%.
The average rate one year ago was 6.82%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.1%.
Cheyenne FHA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Cheyenne level.
The top Cheyenne FHA lender as defined by loan originations is Wallick & Volk, Inc., with
62 FHA loans originated. Their average total fees are
$9,158, which is $2,727
lower than the next largest lender,
FAIRWAY INDEPENDENT MORTGAGE CORPORATION.
The lowest fee Cheyenne FHA lenders (with over 10 loans originated) are
Wallick & Volk, Inc. ($9,158), CENTENNIAL LENDING, LLC ($9,181), CROSSCOUNTRY MORTGAGE, LLC ($10,960), AMERICAN PACIFIC MORTGAGE CORPORATION ($11,006) and GUILD MORTGAGE COMPANY ($11,243).
The lowest rate Cheyenne FHA lenders (with over 10 loans originated) are
First Interstate Bank (5.57%), QUICKEN LOANS, LLC (5.88%), CORNERSTONE HOME LENDING, INC. (5.96%), Jonah Bank of Wyoming (5.97%) and CENTENNIAL LENDING, LLC (6.05%).
Cheyenne FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
CHEYENNE, WY | LARAMIE | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
CHEYENNE, WY | LARAMIE | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Cheyenne (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 | $310,000 (11.4%) | $341,884 (11.2%) | 0.00 | 309 |
2018-02-01 | $315,750 (8.1%) | $344,970 (10.7%) | 0.00 | 299 |
2018-03-01 | $299,900 (-1.7%) | $343,410 (5.8%) | 0.00 | 314 |
2018-04-01 | $292,200 (-2.6%) | $341,812 (4.1%) | 0.00 | 337 |
2018-05-01 | $300,000 (1.7%) | $344,735 (5.6%) | 0.00 | 352 |
2018-06-01 | $299,900 (4.7%) | $343,035 (8.0%) | 0.00 | 364 |
2018-07-01 | $299,800 (5.0%) | $343,947 (7.3%) | 0.00 | 373 |
2018-08-01 | $290,358 (1.2%) | $336,157 (6.4%) | 0.00 | 388 |
2018-09-01 | $290,358 (0.2%) | $334,333 (3.4%) | 0.00 | 371 |
2018-10-01 | $289,650 (1.5%) | $329,823 (4.5%) | 0.00 | 347 |
2018-11-01 | $289,950 (1.3%) | $332,810 (3.1%) | 0.00 | 328 |
2018-12-01 | $285,000 (-1.4%) | $327,963 (-0.8%) | 0.00 | 324 |
2019-01-01 | $290,428 (-6.3%) | $327,571 (-4.2%) | 0.00 | 277 |
2019-02-01 | $295,800 (-6.3%) | $334,416 (-3.1%) | 0.00 | 218 |
2019-03-01 | $292,871 (-2.3%) | $337,730 (-1.7%) | 0.00 | 229 |
2019-04-01 | $306,250 (4.8%) | $344,981 (0.9%) | 0.00 | 257 |
2019-05-01 | $325,810 (8.6%) | $353,527 (2.6%) | 0.00 | 241 |
2019-06-01 | $352,900 (17.7%) | $368,033 (7.3%) | 0.00 | 224 |
2019-07-01 | $339,650 (13.3%) | $371,946 (8.1%) | 0.00 | 235 |
2019-08-01 | $333,218 (14.8%) | $371,955 (10.7%) | 0.00 | 259 |
2019-09-01 | $334,220 (15.1%) | $369,336 (10.5%) | 0.00 | 298 |
2019-10-01 | $335,000 (15.7%) | $367,589 (11.5%) | 0.00 | 320 |
2019-11-01 | $340,200 (17.3%) | $367,858 (10.5%) | 0.00 | 268 |
2019-12-01 | $343,500 (20.5%) | $371,807 (13.4%) | 0.00 | 246 |
2020-01-01 | $341,125 (17.5%) | $369,036 (12.7%) | 0.00 | 220 |
2020-02-01 | $358,000 (21.0%) | $374,196 (11.9%) | 0.00 | 201 |
2020-03-01 | $369,450 (26.2%) | $391,702 (16.0%) | 0.00 | 217 |
2020-04-01 | $364,725 (19.1%) | $380,675 (10.4%) | 0.00 | 265 |
2020-05-01 | $365,500 (12.2%) | $389,650 (10.2%) | 0.00 | 262 |
2020-06-01 | $370,250 (4.9%) | $389,665 (5.9%) | 0.00 | 276 |
2020-07-01 | $373,300 (9.9%) | $394,091 (6.0%) | 0.00 | 289 |
2020-08-01 | $372,475 (11.8%) | $389,563 (4.7%) | 0.00 | 267 |
2020-09-01 | $360,625 (7.9%) | $386,973 (4.8%) | 0.00 | 241 |
2020-10-01 | $353,000 (5.4%) | $387,131 (5.3%) | 0.00 | 245 |
2020-11-01 | $341,400 (0.4%) | $396,981 (7.9%) | 0.00 | 206 |
2020-12-01 | $374,950 (9.2%) | $406,685 (9.4%) | 0.00 | 169 |
2021-01-01 | $435,000 (27.5%) | $421,645 (14.3%) | 0.00 | 119 |
2021-02-01 | $454,450 (26.9%) | $450,881 (20.5%) | 0.00 | 106 |
2021-03-01 | $423,725 (14.7%) | $421,841 (7.7%) | 0.00 | 101 |
2021-04-01 | $392,250 (7.6%) | $402,105 (5.6%) | 0.00 | 106 |
2021-05-01 | $399,900 (9.4%) | $425,605 (9.2%) | 0.00 | 98 |
2021-06-01 | $408,750 (10.4%) | $445,028 (14.2%) | 0.00 | 117 |
2021-07-01 | $435,000 (16.5%) | $465,826 (18.2%) | 0.00 | 133 |
2021-08-01 | $408,750 (9.7%) | $468,802 (20.3%) | 0.00 | 151 |
2021-09-01 | $372,250 (3.2%) | $445,972 (15.3%) | 0.00 | 163 |
2021-10-01 | $375,000 (6.2%) | $431,766 (11.5%) | 0.00 | 186 |
2021-11-01 | $377,475 (10.6%) | $433,060 (9.1%) | 0.00 | 182 |
2021-12-01 | $439,000 (17.1%) | $451,944 (11.1%) | 0.00 | 171 |
2022-01-01 | $482,500 (10.9%) | $481,929 (14.3%) | 0.00 | 125 |
2022-02-01 | $482,450 (6.2%) | $499,757 (10.8%) | 0.00 | 102 |
2022-03-01 | $522,000 (23.2%) | $540,556 (28.1%) | 0.00 | 82 |
2022-04-01 | $519,950 (32.6%) | $527,659 (31.2%) | 0.00 | 90 |
2022-05-01 | $484,950 (21.3%) | $506,085 (18.9%) | 0.00 | 139 |
2022-06-01 | $437,500 (7.0%) | $502,962 (13.0%) | 0.00 | 222 |
2022-07-01 | $475,000 (9.2%) | $513,046 (10.1%) | 0.00 | 324 |
2022-08-01 | $489,850 (19.8%) | $522,553 (11.5%) | 0.00 | 354 |
2022-09-01 | $488,350 (31.2%) | $512,390 (14.9%) | 0.00 | 374 |
2022-10-01 | $474,900 (26.6%) | $509,629 (18.0%) | 0.00 | 387 |
2022-11-01 | $466,125 (23.5%) | $504,656 (16.5%) | 0.00 | 404 |
2022-12-01 | $467,000 (6.4%) | $501,721 (11.0%) | 0.00 | 378 |
2023-01-01 | $469,675 (-2.7%) | $506,840 (5.2%) | 0.00 | 341 |
2023-02-01 | $498,625 (3.4%) | $522,333 (4.5%) | 0.00 | 321 |
2023-03-01 | $533,150 (2.1%) | $539,507 (-0.2%) | 0.00 | 306 |
2023-04-01 | $540,000 (3.9%) | $563,617 (6.8%) | 0.00 | 314 |
2023-05-01 | $549,100 (13.2%) | $568,050 (12.2%) | 0.00 | 321 |
2023-06-01 | $530,750 (21.3%) | $553,377 (10.0%) | 0.00 | 343 |
2023-07-01 | $500,000 (5.3%) | $540,168 (5.3%) | 0.00 | 354 |
2023-08-01 | $475,000 (-3.0%) | $514,726 (-1.5%) | 0.00 | 379 |
2023-09-01 | $464,900 (-4.8%) | $495,912 (-3.2%) | 0.00 | 385 |
2023-10-01 | $454,781 (-4.2%) | $494,899 (-2.9%) | 0.00 | 407 |
2023-11-01 | $460,000 (-1.3%) | $502,169 (-0.5%) | 0.00 | 388 |
2023-12-01 | $450,000 (-3.6%) | $493,001 (-1.7%) | 0.00 | 372 |
2024-01-01 | $457,000 (-2.7%) | $491,741 (-3.0%) | 0.00 | 326 |
2024-02-01 | $477,475 (-4.2%) | $506,414 (-3.1%) | 0.00 | 307 |
2024-03-01 | $497,000 (-6.8%) | $518,141 (-4.0%) | 0.00 | 260 |
2024-04-01 | $499,450 (-7.5%) | $578,308 (2.6%) | 0.00 | 249 |
2024-05-01 | $470,000 (-14.4%) | $578,590 (1.9%) | 0.00 | 243 |
2024-06-01 | $454,700 (-14.3%) | $558,501 (0.9%) | 0.00 | 285 |
2024-07-01 | $454,900 (-9.0%) | $562,389 (4.1%) | 0.00 | 327 |
2024-08-01 | $449,900 (-5.3%) | $555,258 (7.9%) | 0.00 | 343 |
2024-09-01 | $460,600 (-0.9%) | $555,378 (12.0%) | 0.00 | 377 |
2024-10-01 | $461,975 (1.6%) | $546,325 (10.4%) | 0.00 | 392 |
Cheyenne's median listing price comes in at 0% of the national average.
Cheyenne's average listing price for 2024-10-01 was $546,325, a difference of $51,426 (10.4%) versus the prior year and $-9,053 versus the prior month.
For the 2024-10-01 period, Cheyenne had 392 MLS listings, a difference of 15 listings (4%) versus the prior month and -15 listings (-4%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Cheyenne (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,738 sqft |
2018-02-01 | 0 days | 2,757 sqft |
2018-03-01 | 0 days | 2,664 sqft |
2018-04-01 | 0 days | 2,626 sqft |
2018-05-01 | 0 days | 2,626 sqft |
2018-06-01 | 0 days | 2,615 sqft |
2018-07-01 | 0 days | 2,614 sqft |
2018-08-01 | 0 days | 2,566 sqft |
2018-09-01 | 0 days | 2,566 sqft |
2018-10-01 | 0 days | 2,528 sqft |
2018-11-01 | 0 days | 2,511 sqft |
2018-12-01 | 0 days | 2,437 sqft |
2019-01-01 | 0 days | 2,455 sqft |
2019-02-01 | 0 days | 2,529 sqft |
2019-03-01 | 0 days | 2,452 sqft |
2019-04-01 | 0 days | 2,494 sqft |
2019-05-01 | 0 days | 2,518 sqft |
2019-06-01 | 0 days | 2,652 sqft |
2019-07-01 | 0 days | 2,664 sqft |
2019-08-01 | 0 days | 2,537 sqft |
2019-09-01 | 0 days | 2,547 sqft |
2019-10-01 | 0 days | 2,553 sqft |
2019-11-01 | 0 days | 2,608 sqft |
2019-12-01 | 0 days | 2,631 sqft |
2020-01-01 | 0 days | 2,535 sqft |
2020-02-01 | 0 days | 2,652 sqft |
2020-03-01 | 0 days | 2,707 sqft |
2020-04-01 | 0 days | 2,653 sqft |
2020-05-01 | 0 days | 2,663 sqft |
2020-06-01 | 0 days | 2,630 sqft |
2020-07-01 | 0 days | 2,675 sqft |
2020-08-01 | 0 days | 2,714 sqft |
2020-09-01 | 0 days | 2,664 sqft |
2020-10-01 | 0 days | 2,596 sqft |
2020-11-01 | 0 days | 2,518 sqft |
2020-12-01 | 0 days | 2,741 sqft |
2021-01-01 | 0 days | 2,928 sqft |
2021-02-01 | 0 days | 3,010 sqft |
2021-03-01 | 0 days | 2,746 sqft |
2021-04-01 | 0 days | 2,492 sqft |
2021-05-01 | 0 days | 2,680 sqft |
2021-06-01 | 0 days | 2,619 sqft |
2021-07-01 | 0 days | 2,762 sqft |
2021-08-01 | 0 days | 2,478 sqft |
2021-09-01 | 0 days | 2,361 sqft |
2021-10-01 | 0 days | 2,454 sqft |
2021-11-01 | 0 days | 2,478 sqft |
2021-12-01 | 0 days | 2,541 sqft |
2022-01-01 | 0 days | 2,780 sqft |
2022-02-01 | 0 days | 2,780 sqft |
2022-03-01 | 0 days | 2,909 sqft |
2022-04-01 | 0 days | 2,860 sqft |
2022-05-01 | 0 days | 2,765 sqft |
2022-06-01 | 0 days | 2,537 sqft |
2022-07-01 | 0 days | 2,774 sqft |
2022-08-01 | 0 days | 2,844 sqft |
2022-09-01 | 0 days | 2,713 sqft |
2022-10-01 | 0 days | 2,716 sqft |
2022-11-01 | 0 days | 2,768 sqft |
2022-12-01 | 0 days | 2,762 sqft |
2023-01-01 | 0 days | 2,720 sqft |
2023-02-01 | 0 days | 2,820 sqft |
2023-03-01 | 0 days | 2,926 sqft |
2023-04-01 | 0 days | 3,012 sqft |
2023-05-01 | 0 days | 3,005 sqft |
2023-06-01 | 0 days | 2,945 sqft |
2023-07-01 | 0 days | 2,773 sqft |
2023-08-01 | 0 days | 2,662 sqft |
2023-09-01 | 0 days | 2,612 sqft |
2023-10-01 | 0 days | 2,622 sqft |
2023-11-01 | 0 days | 2,663 sqft |
2023-12-01 | 0 days | 2,628 sqft |
2024-01-01 | 0 days | 2,652 sqft |
2024-02-01 | 0 days | 2,683 sqft |
2024-03-01 | 0 days | 2,718 sqft |
2024-04-01 | 0 days | 2,713 sqft |
2024-05-01 | 0 days | 2,645 sqft |
2024-06-01 | 0 days | 2,606 sqft |
2024-07-01 | 0 days | 2,619 sqft |
2024-08-01 | 0 days | 2,576 sqft |
2024-09-01 | 0 days | 2,543 sqft |
2024-10-01 | 0 days | 2,548 sqft |
Cheyenne's median square footage for active listings during the 2024-10-01 period was 2,548 sqft. One year prior, the average listing was 2,622 sqft.