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 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 6.01% for the week of 2024-10-11, compared to the national average (all FHA variants) of 6.1% for the same period.

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

The average rate for the prior week (2024-10-04) was 5.82% and one month ago for the week of 2024-09-06, the average rate was 5.95%.

The average rate one year ago was 7.28%.

For refis of the same type during the week of 2024-10-11, the average rate was 6.08%.

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
2024-04-01 $377,475 (0.7%) $398,986 (-15.5%) 0.00 117
2024-05-01 $406,150 (19.3%) $425,868 (0.2%) 0.00 121
2024-06-01 $396,150 (16.6%) $418,873 (3.5%) 0.00 132
2024-07-01 $399,450 (17.5%) $420,599 (4.6%) 0.00 157
2024-08-01 $359,900 (12.6%) $414,826 (11.1%) 0.00 153
2024-09-01 $360,000 (12.5%) $411,642 (14.8%) 0.00 172
Fond Du Lac's median listing price for 2024-09-01 was $360,000, a difference of $40,100 (12.5%) versus the prior year and $100 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 2024-09-01 was $411,642, a difference of $52,982 (14.8%) versus the prior year and $-3,184 versus the prior month.

For the 2024-09-01 period, Fond Du Lac had 172 MLS listings, a difference of 19 listings (12%) versus the prior month and 55 listings (47%) 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
2024-04-01 0 days 1,898 sqft
2024-05-01 0 days 1,907 sqft
2024-06-01 0 days 1,944 sqft
2024-07-01 0 days 1,794 sqft
2024-08-01 0 days 1,724 sqft
2024-09-01 0 days 1,727 sqft
Fond Du Lac's median listing age (time on market) for 2024-09-01 was 0 days.

Fond Du Lac's median square footage for active listings during the 2024-09-01 period was 1,727 sqft. One year prior, the average listing was 1,774 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).