Fond Du Lac FHA Loan Rates, Closing Costs & Stats

FOND DU LAC, WI

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    • 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.

    Fond Du Lac's 42 lenders originated 135 FHA loans during 2023. The total origination value was $26,825,000, with an average FHA loan value of $198,704.

    Fond Du Lac FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Fond Du Lac averaged 7.06% for the week of 2024-04-19, compared to the national average (all FHA variants) of 6.855% for the same period.

    Fond Du Lac's average FHA mortgage closing costs are $6,041.

    The average rate for the prior week (2024-04-12) was 6.75% and one month ago for the week of 2024-03-15, the average rate was 6.42%.

    The average rate one year ago was 6.55%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.73%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Fond Du Lac 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 Fond Du Lac level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 18 6.32% $8,253
    CALIBER HOME LOANS, INC. 9 6.36% $6,700
    SUCCESS MORTGAGE PARTNERS, INC. 9 6.72% $8,532
    NEWREZ LLC 8 7.20% $6,406
    CARDINAL FINANCIAL 8 6.97% $8,980
    U.S. Bank 6 6.52% $5,801
    MOVEMENT MORTGAGE, LLC 6 6.98% $8,480
    ENDEAVOR CAPITAL, LLC. 4 6.12% $9,576
    CROSSCOUNTRY MORTGAGE, LLC 4 7.05% $10,329
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.81% $6,319
    UNITED WHOLESALE MORTGAGE, LLC 4 6.35% $8,116
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 7.00% $8,908
    Carrington Mortgage Services, LLC 3 5.92% $15,806
    First Federal Bank 3 7.00% $5,245
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.83% $10,537
    Prosperity Home Mortgage, LLC 3 5.79% $10,212
    TOWNE MORTGAGE COMPANY 2 6.94% $9,754
    CHERRY CREEK MORTGAGE, LLC 2 6.75% $3,280
    Paramount Residential Mortgage Group, Inc. 2 6.50% $8,572
    Mr. Cooper ( Nationstar Mortgage ) 2 6.19% $22,616
    V.I.P. MORTGAGE, INC. 2 6.69% $7,294
    GUILD MORTGAGE COMPANY 2 6.88% $7,819
    LOANDEPOT.COM, LLC 2 6.88% $9,709
    Associated Bank 2 6.06% $5,564
    Waterstone Mortgage Corporation 1 8.63% $7,279
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.25% $12,496
    AMERISAVE MORTGAGE CORPORATION 1 7.75% $17,230
    Barrington Bank & Trust Company, N.A. 1 6.25% $9,874
    Bell Bank 1 7.25% $5,762
    BROKER SOLUTIONS, INC. 1 6.75% $15,010
    Century Mortgage Company DBA Century Lending Company 1 5.99% $7,687
    ENVOY MORTGAGE, LTD 1 7.25% $10,358
    FREEDOM MORTGAGE CORPORATION 1 7.25% $12,153
    GSF Mortgage Corporation 1 6.25% $11,605
    Mortgage Research Center, LLC 1 6.13% $6,815
    NATIONS RELIABLE LENDING, LLC 1 7.75% $10,831
    RESIDENTIAL BANCORP 1 7.13% $14,592
    Servion, Inc. 1 5.88% $7,232
    The Huntington National Bank 1 6.25% $2,509
    THOMPSON KANE & COMPANY, LLC 1 6.75% $7,379
    UNION HOME MORTGAGE CORP. 1 7.63% $7,492
    AMERICAN FINANCIAL NETWORK, INC. 1 7.63% $13,422

    The top Fond Du Lac FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 18 FHA loans originated. Their average total fees are $8,253, which is $1,554 higher than the next largest lender, CALIBER HOME LOANS, INC..

    The lowest fee Fond Du Lac FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($8,253), .

    The lowest rate Fond Du Lac FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.32%), .

    Fond Du Lac FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    FOND DU LAC, WI FOND DU LAC 2022 $420,680 $538,650 $651,050 $809,150
    FOND DU LAC, WI FOND DU LAC 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Fond Du Lac (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 $149,975 (15.5%) $194,946 (13.7%) 0.00 380
    2018-02-01 $153,900 (20.4%) $195,479 (11.8%) 0.00 386
    2018-03-01 $153,900 (12.0%) $196,444 (7.0%) 0.00 386
    2018-04-01 $149,925 (4.6%) $207,907 (9.3%) 0.00 277
    2018-05-01 $161,950 (9.2%) $219,852 (12.8%) 0.00 283
    2018-06-01 $178,750 (22.2%) $228,946 (15.2%) 0.00 283
    2018-07-01 $181,675 (21.2%) $230,001 (14.7%) 0.00 301
    2018-08-01 $178,200 (25.5%) $226,101 (14.5%) 0.00 306
    2018-09-01 $171,900 (14.7%) $219,647 (12.5%) 0.00 313
    2018-10-01 $159,900 (6.7%) $211,339 (10.6%) 0.00 337
    2018-11-01 $147,225 (-4.2%) $200,332 (2.5%) 0.00 325
    2018-12-01 $144,950 (-3.4%) $196,833 (1.2%) 0.00 287
    2019-01-01 $137,950 (-8.0%) $187,991 (-3.6%) 0.00 268
    2019-02-01 $153,150 (-0.5%) $197,638 (1.1%) 0.00 248
    2019-03-01 $162,043 (5.3%) $207,757 (5.8%) 0.00 216
    2019-04-01 $164,543 (9.8%) $217,379 (4.6%) 0.00 197
    2019-05-01 $176,450 (9.0%) $243,119 (10.6%) 0.00 208
    2019-06-01 $169,400 (-5.2%) $242,125 (5.8%) 0.00 214
    2019-07-01 $170,925 (-5.9%) $252,738 (9.9%) 0.00 242
    2019-08-01 $170,845 (-4.1%) $248,701 (10.0%) 0.00 258
    2019-09-01 $175,939 (2.4%) $251,888 (14.7%) 0.00 251
    2019-10-01 $177,734 (11.2%) $249,863 (18.2%) 0.00 251
    2019-11-01 $183,700 (24.8%) $233,212 (16.4%) 0.00 256
    2019-12-01 $174,900 (20.7%) $225,332 (14.5%) 0.00 240
    2020-01-01 $174,175 (26.3%) $234,116 (24.5%) 0.00 222
    2020-02-01 $184,900 (20.7%) $241,812 (22.4%) 0.00 207
    2020-03-01 $184,900 (14.1%) $248,806 (19.8%) 0.00 208
    2020-04-01 $193,200 (17.4%) $253,358 (16.6%) 0.00 201
    2020-05-01 $212,900 (20.7%) $266,392 (9.6%) 0.00 195
    2020-06-01 $239,450 (41.4%) $286,062 (18.2%) 0.00 178
    2020-07-01 $242,350 (41.8%) $281,925 (11.6%) 0.00 149
    2020-08-01 $235,400 (37.8%) $276,877 (11.3%) 0.00 158
    2020-09-01 $219,925 (25.0%) $271,592 (7.8%) 0.00 169
    2020-10-01 $224,900 (26.5%) $279,998 (12.1%) 0.00 159
    2020-11-01 $191,150 (4.1%) $263,687 (13.1%) 0.00 154
    2020-12-01 $167,450 (-4.3%) $249,534 (10.7%) 0.00 141
    2021-01-01 $164,450 (-5.6%) $259,266 (10.7%) 0.00 122
    2021-02-01 $192,150 (3.9%) $270,480 (11.9%) 0.00 102
    2021-03-01 $228,500 (23.6%) $284,121 (14.2%) 0.00 88
    2021-04-01 $248,650 (28.7%) $298,066 (17.7%) 0.00 84
    2021-05-01 $249,900 (17.4%) $285,977 (7.4%) 0.00 89
    2021-06-01 $206,000 (-14.0%) $299,562 (4.7%) 0.00 115
    2021-07-01 $199,950 (-17.5%) $311,540 (10.5%) 0.00 150
    2021-08-01 $196,325 (-16.6%) $294,296 (6.3%) 0.00 157
    2021-09-01 $199,900 (-9.1%) $284,606 (4.8%) 0.00 173
    2021-10-01 $224,900 (0.0%) $293,262 (4.7%) 0.00 173
    2021-11-01 $222,000 (16.1%) $289,079 (9.6%) 0.00 150
    2021-12-01 $209,900 (25.4%) $289,992 (16.2%) 0.00 117
    2022-01-01 $194,500 (18.3%) $260,651 (0.5%) 0.00 101
    2022-02-01 $207,400 (7.9%) $276,506 (2.2%) 0.00 75
    2022-03-01 $241,675 (5.8%) $300,172 (5.7%) 0.00 66
    2022-04-01 $244,900 (-1.5%) $301,858 (1.3%) 0.00 78
    2022-05-01 $283,300 (13.4%) $326,130 (14.0%) 0.00 96
    2022-06-01 $289,900 (40.7%) $328,006 (9.5%) 0.00 112
    2022-07-01 $299,000 (49.5%) $343,821 (10.4%) 0.00 138
    2022-08-01 $299,900 (52.8%) $351,011 (19.3%) 0.00 135
    2022-09-01 $279,900 (40.0%) $357,072 (25.5%) 0.00 131
    2022-10-01 $292,900 (30.2%) $395,937 (35.0%) 0.00 127
    2022-11-01 $294,925 (32.9%) $383,455 (32.7%) 0.00 129
    2022-12-01 $299,900 (42.9%) $404,204 (39.4%) 0.00 102
    2023-01-01 $329,742 (69.5%) $431,455 (65.5%) 0.00 87
    2023-02-01 $350,000 (68.8%) $451,028 (63.1%) 0.00 83
    2023-03-01 $350,000 (44.8%) $438,284 (46.0%) 0.00 88
    2023-04-01 $375,000 (53.1%) $472,416 (56.5%) 0.00 82
    2023-05-01 $340,400 (20.2%) $424,912 (30.3%) 0.00 88
    2023-06-01 $339,900 (17.3%) $404,673 (23.4%) 0.00 92
    2023-07-01 $339,900 (13.7%) $402,019 (16.9%) 0.00 102
    2023-08-01 $319,725 (6.6%) $373,496 (6.4%) 0.00 112
    2023-09-01 $319,900 (14.3%) $358,660 (0.4%) 0.00 117
    2023-10-01 $307,400 (5.0%) $363,639 (-8.2%) 0.00 123
    2023-11-01 $280,600 (-4.9%) $333,999 (-12.9%) 0.00 124
    2023-12-01 $287,400 (-4.2%) $333,567 (-17.5%) 0.00 100
    2024-01-01 $281,150 (-14.7%) $336,603 (-22.0%) 0.00 90
    2024-02-01 $342,400 (-2.2%) $371,418 (-17.7%) 0.00 96
    2024-03-01 $374,900 (7.1%) $405,295 (-7.5%) 0.00 100
    Fond Du Lac's median listing price for 2024-03-01 was $374,900, a difference of $24,900 (7.1%) versus the prior year and $32,500 versus the prior month.

    Fond Du Lac's median listing price comes in at 0% of the national average.

    Fond Du Lac's average listing price for 2024-03-01 was $405,295, a difference of $-32,989 (-7.5%) versus the prior year and $33,877 versus the prior month.

    For the 2024-03-01 period, Fond Du Lac had 100 MLS listings, a difference of 4 listings (4%) versus the prior month and 12 listings (14%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Fond Du Lac (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,692 sqft
    2018-02-01 0 days 1,682 sqft
    2018-03-01 0 days 1,708 sqft
    2018-04-01 0 days 1,685 sqft
    2018-05-01 0 days 1,690 sqft
    2018-06-01 0 days 1,729 sqft
    2018-07-01 0 days 1,753 sqft
    2018-08-01 0 days 1,777 sqft
    2018-09-01 0 days 1,767 sqft
    2018-10-01 0 days 1,728 sqft
    2018-11-01 0 days 1,712 sqft
    2018-12-01 0 days 1,716 sqft
    2019-01-01 0 days 1,690 sqft
    2019-02-01 0 days 1,727 sqft
    2019-03-01 0 days 1,753 sqft
    2019-04-01 0 days 1,730 sqft
    2019-05-01 0 days 1,720 sqft
    2019-06-01 0 days 1,678 sqft
    2019-07-01 0 days 1,667 sqft
    2019-08-01 0 days 1,664 sqft
    2019-09-01 0 days 1,718 sqft
    2019-10-01 0 days 1,754 sqft
    2019-11-01 0 days 1,779 sqft
    2019-12-01 0 days 1,778 sqft
    2020-01-01 0 days 1,755 sqft
    2020-02-01 0 days 1,770 sqft
    2020-03-01 0 days 1,793 sqft
    2020-04-01 0 days 1,760 sqft
    2020-05-01 0 days 1,755 sqft
    2020-06-01 0 days 1,844 sqft
    2020-07-01 0 days 1,911 sqft
    2020-08-01 0 days 1,912 sqft
    2020-09-01 0 days 1,834 sqft
    2020-10-01 0 days 1,848 sqft
    2020-11-01 0 days 1,739 sqft
    2020-12-01 0 days 1,583 sqft
    2021-01-01 0 days 1,562 sqft
    2021-02-01 0 days 1,581 sqft
    2021-03-01 0 days 1,630 sqft
    2021-04-01 0 days 1,763 sqft
    2021-05-01 0 days 1,741 sqft
    2021-06-01 0 days 1,648 sqft
    2021-07-01 0 days 1,627 sqft
    2021-08-01 0 days 1,654 sqft
    2021-09-01 0 days 1,638 sqft
    2021-10-01 0 days 1,648 sqft
    2021-11-01 0 days 1,654 sqft
    2021-12-01 0 days 1,641 sqft
    2022-01-01 0 days 1,624 sqft
    2022-02-01 0 days 1,622 sqft
    2022-03-01 0 days 1,615 sqft
    2022-04-01 0 days 1,606 sqft
    2022-05-01 0 days 1,620 sqft
    2022-06-01 0 days 1,683 sqft
    2022-07-01 0 days 1,695 sqft
    2022-08-01 0 days 1,761 sqft
    2022-09-01 0 days 1,754 sqft
    2022-10-01 0 days 1,816 sqft
    2022-11-01 0 days 1,810 sqft
    2022-12-01 0 days 1,858 sqft
    2023-01-01 0 days 1,921 sqft
    2023-02-01 0 days 1,939 sqft
    2023-03-01 0 days 1,842 sqft
    2023-04-01 0 days 1,890 sqft
    2023-05-01 0 days 1,898 sqft
    2023-06-01 0 days 1,830 sqft
    2023-07-01 0 days 1,840 sqft
    2023-08-01 0 days 1,795 sqft
    2023-09-01 0 days 1,774 sqft
    2023-10-01 0 days 1,734 sqft
    2023-11-01 0 days 1,714 sqft
    2023-12-01 0 days 1,747 sqft
    2024-01-01 0 days 1,703 sqft
    2024-02-01 0 days 1,796 sqft
    2024-03-01 0 days 1,800 sqft
    Fond Du Lac's median listing age (time on market) for 2024-03-01 was 0 days.

    Fond Du Lac's median square footage for active listings during the 2024-03-01 period was 1,800 sqft. One year prior, the average listing was 1,842 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).