Fond Du Lac FHA Loan Rates, Closing Costs & Stats

FOND DU LAC, WI

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 57 lenders originated 203 FHA loans during 2022. The total origination value was $36,095,000, with an average FHA loan value of $177,808.

Fond Du Lac FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Fond Du Lac averaged 6.08% for the week of 2024-03-01, compared to the national average (all FHA variants) of 6.688% for the same period.

Fond Du Lac's average FHA mortgage closing costs are $5,744.

The average rate for the prior week (2024-02-23) was 6.27% and one month ago for the week of 2024-01-26, the average rate was 5.96%.

The average rate one year ago was 6.29%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.01%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
CALIBER HOME LOANS, INC. 21 5.39% $6,345
QUICKEN LOANS, LLC 20 4.71% $7,989
CARDINAL FINANCIAL 13 4.86% $7,812
SUCCESS MORTGAGE PARTNERS, INC. 11 5.59% $10,255
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 5.16% $6,485
CMG MORTGAGE, INC. 6 5.79% $8,896
INLANTA MORTGAGE, INC. 6 5.48% $6,051
Associated Bank 6 5.69% $5,235
Mr. Cooper ( Nationstar Mortgage ) 5 4.20% $9,897
FINANCE OF AMERICA MORTGAGE LLC 5 4.62% $8,009
U.S. Bank 5 5.35% $6,713
PENNYMAC LOAN SERVICES, LLC 4 3.81% $7,209
FREEDOM MORTGAGE CORPORATION 4 4.47% $6,112
CROSSCOUNTRY MORTGAGE, LLC 4 6.03% $7,727
AXIA FINANCIAL, LLC 4 5.34% $6,789
TOWNE MORTGAGE COMPANY 4 5.41% $8,998
Waterstone Mortgage Corporation 4 6.16% $10,383
FIRST CENTENNIAL MORTGAGE CORPORATION 4 3.97% $5,293
Hometown Bank 4 6.63% $4,718
Prosperity Home Mortgage, LLC 3 4.96% $6,924
WISCONSIN MORTGAGE CORPORATION 3 5.21% $5,707
GSF Mortgage Corporation 3 4.71% $6,876
ENVOY MORTGAGE, LTD 3 5.25% $7,434
Century Mortgage Company DBA Century Lending Company 2 6.50% $8,260
CHERRY CREEK MORTGAGE, LLC 2 5.56% $4,936
Paramount Residential Mortgage Group, Inc. 2 5.25% $5,964
AMERISAVE MORTGAGE CORPORATION 2 4.00% $8,742
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.13% $9,632
UNITED WHOLESALE MORTGAGE, LLC 2 5.06% $7,435
GUARANTEED RATE, INC. 2 4.83% $11,941
Bank of England 2 5.94% $5,817
LAKEVIEW LOAN SERVICING, LLC 2 5.00% $13,241
LIBERTY HOME MORTGAGE CORPORATION 2 5.06% $11,899
Wolfe Financial, Inc 1 6.13% $4,549
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 4.88% $15,437
Bell Bank 1 4.63% $4,886
BETTER MORTGAGE CORPORATION 1 7.00% $5,119
BROKER SOLUTIONS, INC. 1 5.13% $8,578
Carrington Mortgage Services, LLC 1 5.13% $11,230
Flagstar Bank, FSB 1 3.25% $5,509
GUILD MORTGAGE COMPANY 1 5.63% $9,709
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.50% $6,011
HOME POINT FINANCIAL CORPORATION 1 3.75% $9,930
HOMESIDE FINANCIAL, LLC 1 4.25% $8,129
Ixonia Bank 1 5.63% $5,611
LAND HOME FINANCIAL SERVICES, INC. 1 5.50% $15,290
LOANDEPOT.COM, LLC 1 6.00% $5,904
Mortgage Research Center, LLC 1 5.88% $7,026
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.50% $13,012
Nations Lending Corporation 1 6.75% $11,224
NATIONS RELIABLE LENDING, LLC 1 3.75% $8,022
NEWREZ LLC 1 4.25% $7,082
OCEANSIDE MORTGAGE COMPANY 1 5.38% $3,629
Plains Commerce Bank 1 3.63% $7,871
PLAZA HOME MORTGAGE, INC. 1 6.75% $7,385
Servion, Inc. 1 3.63% $4,543
American Mortgage & Equity Consultants, Inc. 1 4.88% $8,965

The top Fond Du Lac FHA lender as defined by loan originations is CALIBER HOME LOANS, INC., with 21 FHA loans originated. Their average total fees are $6,345, which is $1,644 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Fond Du Lac FHA lenders (with over 10 loans originated) are CALIBER HOME LOANS, INC. ($6,345), CARDINAL FINANCIAL ($7,812), QUICKEN LOANS, LLC ($7,989), SUCCESS MORTGAGE PARTNERS, INC. ($10,255) and .

The lowest rate Fond Du Lac FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (4.71%), CARDINAL FINANCIAL (4.86%), CALIBER HOME LOANS, INC. (5.39%), SUCCESS MORTGAGE PARTNERS, INC. (5.59%) and .

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
Fond Du Lac's median listing price for 2024-01-01 was $281,150, a difference of $-48,592 (-14.7%) versus the prior year and $-6,250 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 2024-01-01 was $336,603, a difference of $-94,852 (-22.0%) versus the prior year and $3,036 versus the prior month.

For the 2024-01-01 period, Fond Du Lac had 90 MLS listings, a difference of -10 listings (-10%) versus the prior month and 3 listings (3%) 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
Fond Du Lac's median listing age (time on market) for 2024-01-01 was 0 days.

Fond Du Lac's median square footage for active listings during the 2024-01-01 period was 1,703 sqft. One year prior, the average listing was 1,921 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).