Manitowoc FHA Loan Rates, Closing Costs & Stats
Manitowoc, 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.
Manitowoc's 43 lenders originated 118 FHA loans during 2022. The total origination value was $19,290,000, with an average FHA loan value of $163,475.
Manitowoc FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Manitowoc
averaged
-0.26%
for the week of 2023-11-24, compared to the national average (all FHA variants) of
0% for the same period.
Manitowoc's average FHA mortgage closing costs are $5,334.
The average rate for the prior week (2023-11-17) was
6.93% and
one month ago for the week of 2023-10-20, the
average rate was 6.94%.
The average rate one year ago was 5.86%.
For refis of the same type during the week of 2023-11-24, the average rate
was -1.28%.
Manitowoc 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 Manitowoc level.
The top Manitowoc FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
19 FHA loans originated. Their average total fees are
$7,895, which is $649
higher than the next largest lender,
FINANCE OF AMERICA MORTGAGE LLC.
The lowest fee Manitowoc FHA lenders (with over 10 loans originated) are
FINANCE OF AMERICA MORTGAGE LLC ($7,246), QUICKEN LOANS, LLC ($7,895), .
The lowest rate Manitowoc FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (4.67%), FINANCE OF AMERICA MORTGAGE LLC (5.26%), .
Manitowoc FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
MANITOWOC, WI | MANITOWOC | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
MANITOWOC, WI | MANITOWOC | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Manitowoc (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 | $114,450 (4.1%) | $165,972 (10.3%) | 0.00 | 291 |
2018-02-01 | $118,000 (9.4%) | $182,810 (22.3%) | 0.00 | 229 |
2018-03-01 | $134,900 (25.8%) | $199,691 (29.6%) | 0.00 | 225 |
2018-04-01 | $124,925 (18.5%) | $201,400 (32.1%) | 0.00 | 218 |
2018-05-01 | $130,200 (17.4%) | $208,130 (33.1%) | 0.00 | 217 |
2018-06-01 | $130,200 (13.5%) | $217,444 (33.2%) | 0.00 | 232 |
2018-07-01 | $138,725 (17.9%) | $227,215 (36.5%) | 0.00 | 251 |
2018-08-01 | $134,900 (12.5%) | $218,422 (27.3%) | 0.00 | 264 |
2018-09-01 | $129,900 (8.4%) | $217,665 (26.6%) | 0.00 | 261 |
2018-10-01 | $135,350 (13.9%) | $207,008 (17.8%) | 0.00 | 270 |
2018-11-01 | $132,450 (15.3%) | $198,504 (14.7%) | 0.00 | 249 |
2018-12-01 | $135,000 (17.5%) | $202,553 (19.3%) | 0.00 | 250 |
2019-01-01 | $136,675 (19.4%) | $211,874 (27.7%) | 0.00 | 230 |
2019-02-01 | $131,175 (11.2%) | $212,478 (16.2%) | 0.00 | 205 |
2019-03-01 | $137,786 (2.1%) | $221,486 (10.9%) | 0.00 | 204 |
2019-04-01 | $144,900 (16.0%) | $234,445 (16.4%) | 0.00 | 252 |
2019-05-01 | $154,900 (19.0%) | $258,992 (24.4%) | 0.00 | 183 |
2019-06-01 | $169,900 (30.5%) | $259,979 (19.6%) | 0.00 | 191 |
2019-07-01 | $176,825 (27.5%) | $269,736 (18.7%) | 0.00 | 202 |
2019-08-01 | $168,118 (24.6%) | $259,485 (18.8%) | 0.00 | 199 |
2019-09-01 | $157,870 (21.5%) | $252,167 (15.9%) | 0.00 | 208 |
2019-10-01 | $149,900 (10.8%) | $245,204 (18.5%) | 0.00 | 216 |
2019-11-01 | $145,700 (10.0%) | $238,029 (19.9%) | 0.00 | 208 |
2019-12-01 | $143,308 (6.2%) | $238,016 (17.5%) | 0.00 | 193 |
2020-01-01 | $139,900 (2.4%) | $233,283 (10.1%) | 0.00 | 174 |
2020-02-01 | $139,900 (6.7%) | $233,931 (10.1%) | 0.00 | 161 |
2020-03-01 | $138,750 (0.7%) | $220,267 (-0.6%) | 0.00 | 147 |
2020-04-01 | $143,700 (-0.8%) | $236,543 (0.9%) | 0.00 | 142 |
2020-05-01 | $176,500 (13.9%) | $236,079 (-8.9%) | 0.00 | 139 |
2020-06-01 | $195,950 (15.3%) | $254,030 (-2.3%) | 0.00 | 128 |
2020-07-01 | $185,725 (5.0%) | $244,227 (-9.5%) | 0.00 | 118 |
2020-08-01 | $179,900 (7.0%) | $235,654 (-9.2%) | 0.00 | 107 |
2020-09-01 | $184,450 (16.8%) | $237,422 (-5.9%) | 0.00 | 115 |
2020-10-01 | $179,900 (20.0%) | $246,305 (0.5%) | 0.00 | 110 |
2020-11-01 | $167,425 (14.9%) | $243,806 (2.4%) | 0.00 | 92 |
2020-12-01 | $164,950 (15.1%) | $230,398 (-3.2%) | 0.00 | 78 |
2021-01-01 | $167,400 (19.7%) | $239,727 (2.8%) | 0.00 | 67 |
2021-02-01 | $186,000 (33.0%) | $269,732 (15.3%) | 0.00 | 49 |
2021-03-01 | $182,425 (31.5%) | $268,141 (21.7%) | 0.00 | 52 |
2021-04-01 | $172,800 (20.3%) | $274,666 (16.1%) | 0.00 | 59 |
2021-05-01 | $214,900 (21.8%) | $295,192 (25.0%) | 0.00 | 71 |
2021-06-01 | $225,000 (14.8%) | $292,432 (15.1%) | 0.00 | 92 |
2021-07-01 | $224,900 (21.1%) | $291,294 (19.3%) | 0.00 | 104 |
2021-08-01 | $207,450 (15.3%) | $279,356 (18.6%) | 0.00 | 113 |
2021-09-01 | $193,350 (4.8%) | $283,111 (19.2%) | 0.00 | 106 |
2021-10-01 | $182,500 (1.5%) | $267,698 (8.7%) | 0.00 | 111 |
2021-11-01 | $167,400 (0.0%) | $273,529 (12.2%) | 0.00 | 110 |
2021-12-01 | $165,450 (0.3%) | $277,239 (20.3%) | 0.00 | 88 |
2022-01-01 | $169,450 (1.2%) | $272,154 (13.5%) | 0.00 | 64 |
2022-02-01 | $187,400 (0.8%) | $271,511 (0.7%) | 0.00 | 53 |
2022-03-01 | $191,000 (4.7%) | $275,417 (2.7%) | 0.00 | 61 |
2022-04-01 | $189,000 (9.4%) | $287,848 (4.8%) | 0.00 | 61 |
2022-05-01 | $207,875 (-3.3%) | $275,160 (-6.8%) | 0.00 | 72 |
2022-06-01 | $228,650 (1.6%) | $292,003 (-0.2%) | 0.00 | 70 |
2022-07-01 | $239,900 (6.7%) | $281,481 (-3.4%) | 0.00 | 93 |
2022-08-01 | $229,650 (10.7%) | $285,012 (2.0%) | 0.00 | 91 |
2022-09-01 | $208,725 (8.0%) | $280,271 (-1.0%) | 0.00 | 86 |
2022-10-01 | $220,000 (20.6%) | $276,774 (3.4%) | 0.00 | 87 |
2022-11-01 | $249,950 (49.3%) | $292,256 (6.9%) | 0.00 | 82 |
2022-12-01 | $249,900 (51.0%) | $280,024 (1.0%) | 0.00 | 65 |
2023-01-01 | $279,000 (64.7%) | $298,791 (9.8%) | 0.00 | 56 |
2023-02-01 | $269,950 (44.1%) | $322,614 (18.8%) | 0.00 | 53 |
2023-03-01 | $249,900 (30.8%) | $303,233 (10.1%) | 0.00 | 73 |
2023-04-01 | $229,900 (21.6%) | $275,489 (-4.3%) | 0.00 | 95 |
2023-05-01 | $238,650 (14.8%) | $277,995 (1.0%) | 0.00 | 101 |
2023-06-01 | $217,950 (-4.7%) | $294,971 (1.0%) | 0.00 | 117 |
2023-07-01 | $244,500 (1.9%) | $308,340 (9.5%) | 0.00 | 120 |
2023-08-01 | $244,450 (6.4%) | $312,004 (9.5%) | 0.00 | 118 |
2023-09-01 | $269,900 (29.3%) | $315,396 (12.5%) | 0.00 | 114 |
2023-10-01 | $259,475 (17.9%) | $312,512 (12.9%) | 0.00 | 137 |
Manitowoc's median listing price comes in at 0% of the national average.
Manitowoc's average listing price for 2023-10-01 was $312,512, a difference of $35,738 (12.9%) versus the prior year and $-2,884 versus the prior month.
For the 2023-10-01 period, Manitowoc had 137 MLS listings, a difference of 23 listings (20%) versus the prior month and 50 listings (57%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Manitowoc (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,519 sqft |
2018-02-01 | 0 days | 1,544 sqft |
2018-03-01 | 0 days | 1,578 sqft |
2018-04-01 | 0 days | 1,587 sqft |
2018-05-01 | 0 days | 1,599 sqft |
2018-06-01 | 0 days | 1,645 sqft |
2018-07-01 | 0 days | 1,674 sqft |
2018-08-01 | 0 days | 1,700 sqft |
2018-09-01 | 0 days | 1,805 sqft |
2018-10-01 | 0 days | 1,795 sqft |
2018-11-01 | 0 days | 1,708 sqft |
2018-12-01 | 0 days | 1,714 sqft |
2019-01-01 | 0 days | 1,662 sqft |
2019-02-01 | 0 days | 1,658 sqft |
2019-03-01 | 0 days | 1,700 sqft |
2019-04-01 | 0 days | 1,725 sqft |
2019-05-01 | 0 days | 1,807 sqft |
2019-06-01 | 0 days | 1,833 sqft |
2019-07-01 | 0 days | 1,823 sqft |
2019-08-01 | 0 days | 1,765 sqft |
2019-09-01 | 0 days | 1,749 sqft |
2019-10-01 | 0 days | 1,732 sqft |
2019-11-01 | 0 days | 1,687 sqft |
2019-12-01 | 0 days | 1,711 sqft |
2020-01-01 | 0 days | 1,624 sqft |
2020-02-01 | 0 days | 1,634 sqft |
2020-03-01 | 0 days | 1,593 sqft |
2020-04-01 | 0 days | 1,648 sqft |
2020-05-01 | 0 days | 1,650 sqft |
2020-06-01 | 0 days | 1,800 sqft |
2020-07-01 | 0 days | 1,882 sqft |
2020-08-01 | 0 days | 1,839 sqft |
2020-09-01 | 0 days | 1,881 sqft |
2020-10-01 | 0 days | 1,868 sqft |
2020-11-01 | 0 days | 1,626 sqft |
2020-12-01 | 0 days | 1,565 sqft |
2021-01-01 | 0 days | 1,560 sqft |
2021-02-01 | 0 days | 1,583 sqft |
2021-03-01 | 0 days | 1,603 sqft |
2021-04-01 | 0 days | 1,606 sqft |
2021-05-01 | 0 days | 1,680 sqft |
2021-06-01 | 0 days | 1,701 sqft |
2021-07-01 | 0 days | 1,690 sqft |
2021-08-01 | 0 days | 1,667 sqft |
2021-09-01 | 0 days | 1,643 sqft |
2021-10-01 | 0 days | 1,600 sqft |
2021-11-01 | 0 days | 1,570 sqft |
2021-12-01 | 0 days | 1,536 sqft |
2022-01-01 | 0 days | 1,575 sqft |
2022-02-01 | 0 days | 1,659 sqft |
2022-03-01 | 0 days | 1,636 sqft |
2022-04-01 | 0 days | 1,657 sqft |
2022-05-01 | 0 days | 1,737 sqft |
2022-06-01 | 0 days | 1,728 sqft |
2022-07-01 | 0 days | 1,704 sqft |
2022-08-01 | 0 days | 1,629 sqft |
2022-09-01 | 0 days | 1,615 sqft |
2022-10-01 | 0 days | 1,675 sqft |
2022-11-01 | 0 days | 1,720 sqft |
2022-12-01 | 0 days | 1,687 sqft |
2023-01-01 | 0 days | 1,693 sqft |
2023-02-01 | 0 days | 1,718 sqft |
2023-03-01 | 0 days | 1,620 sqft |
2023-04-01 | 0 days | 1,524 sqft |
2023-05-01 | 0 days | 1,601 sqft |
2023-06-01 | 0 days | 1,576 sqft |
2023-07-01 | 0 days | 1,638 sqft |
2023-08-01 | 0 days | 1,680 sqft |
2023-09-01 | 0 days | 1,694 sqft |
2023-10-01 | 0 days | 1,642 sqft |
Manitowoc's median square footage for active listings during the 2023-10-01 period was 1,642 sqft. One year prior, the average listing was 1,675 sqft.