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 35 lenders originated 99 FHA loans during 2023. The total origination value was $15,825,000, with an average FHA loan value of $159,848.
Manitowoc FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Manitowoc
averaged
6.2%
for the week of 2024-10-11, compared to the national average (all FHA variants) of
6.1% for the same period.
Manitowoc's average FHA mortgage closing costs are $5,695.
The average rate for the prior week (2024-10-04) was
6.01% and
one month ago for the week of 2024-09-06, the
average rate was 6.24%.
The average rate one year ago was 7.17%.
For refis of the same type during the week of 2024-10-11, the average rate
was 6.3%.
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
17 FHA loans originated. Their average total fees are
$7,431, which is $901
lower than the next largest lender,
ENVOY MORTGAGE, LTD.
The lowest fee Manitowoc FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC ($7,431), .
The lowest rate Manitowoc FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.22%), .
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 | $154,700 (18.8%) | $258,992 (24.4%) | 0.00 | 182 |
2019-06-01 | $169,900 (30.5%) | $260,045 (19.6%) | 0.00 | 191 |
2019-07-01 | $178,075 (28.4%) | $269,644 (18.7%) | 0.00 | 203 |
2019-08-01 | $169,609 (25.7%) | $259,775 (18.9%) | 0.00 | 200 |
2019-09-01 | $159,648 (22.9%) | $252,302 (15.9%) | 0.00 | 209 |
2019-10-01 | $150,900 (11.5%) | $245,224 (18.5%) | 0.00 | 217 |
2019-11-01 | $145,900 (10.2%) | $238,078 (19.9%) | 0.00 | 209 |
2019-12-01 | $144,533 (7.1%) | $238,074 (17.5%) | 0.00 | 194 |
2020-01-01 | $141,175 (3.3%) | $233,376 (10.2%) | 0.00 | 175 |
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 (14.1%) | $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 (4.3%) | $244,227 (-9.4%) | 0.00 | 118 |
2020-08-01 | $179,900 (6.1%) | $235,654 (-9.3%) | 0.00 | 107 |
2020-09-01 | $184,450 (15.5%) | $237,422 (-5.9%) | 0.00 | 115 |
2020-10-01 | $179,900 (19.2%) | $246,305 (0.4%) | 0.00 | 110 |
2020-11-01 | $167,425 (14.8%) | $243,806 (2.4%) | 0.00 | 92 |
2020-12-01 | $164,950 (14.1%) | $230,398 (-3.2%) | 0.00 | 78 |
2021-01-01 | $167,400 (18.6%) | $239,727 (2.7%) | 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 |
2023-11-01 | $227,700 (-8.9%) | $291,435 (-0.3%) | 0.00 | 145 |
2023-12-01 | $242,200 (-3.1%) | $303,218 (8.3%) | 0.00 | 129 |
2024-01-01 | $241,050 (-13.6%) | $313,992 (5.1%) | 0.00 | 105 |
2024-02-01 | $231,675 (-14.2%) | $308,030 (-4.5%) | 0.00 | 108 |
2024-03-01 | $254,900 (2.0%) | $328,728 (8.4%) | 0.00 | 129 |
2024-04-01 | $288,500 (25.5%) | $358,674 (30.2%) | 0.00 | 141 |
2024-05-01 | $309,725 (29.8%) | $372,856 (34.1%) | 0.00 | 152 |
2024-06-01 | $284,900 (30.7%) | $353,102 (19.7%) | 0.00 | 167 |
2024-07-01 | $261,500 (7.0%) | $341,297 (10.7%) | 0.00 | 162 |
2024-08-01 | $260,850 (6.7%) | $344,104 (10.3%) | 0.00 | 168 |
2024-09-01 | $277,225 (2.7%) | $355,897 (12.8%) | 0.00 | 181 |
Manitowoc's median listing price comes in at 0% of the national average.
Manitowoc's average listing price for 2024-09-01 was $355,897, a difference of $40,501 (12.8%) versus the prior year and $11,793 versus the prior month.
For the 2024-09-01 period, Manitowoc had 181 MLS listings, a difference of 13 listings (8%) versus the prior month and 67 listings (59%) 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 | 1,647 sqft |
2018-07-01 | 0 days | 1,676 sqft |
2018-08-01 | 0 days | 1,699 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 | 1,655 sqft |
2019-03-01 | 0 days | 1,695 sqft |
2019-04-01 | 0 days | 1,726 sqft |
2019-05-01 | 0 days | 1,805 sqft |
2019-06-01 | 0 days | 1,830 sqft |
2019-07-01 | 0 days | 1,819 sqft |
2019-08-01 | 0 days | 1,751 sqft |
2019-09-01 | 0 days | 1,740 sqft |
2019-10-01 | 0 days | 1,726 sqft |
2019-11-01 | 0 days | 1,687 sqft |
2019-12-01 | 0 days | 1,677 sqft |
2020-01-01 | 0 days | 1,614 sqft |
2020-02-01 | 0 days | 1,632 sqft |
2020-03-01 | 0 days | 1,597 sqft |
2020-04-01 | 0 days | 1,633 sqft |
2020-05-01 | 0 days | 1,661 sqft |
2020-06-01 | 0 days | 1,785 sqft |
2020-07-01 | 0 days | 1,850 sqft |
2020-08-01 | 0 days | 1,835 sqft |
2020-09-01 | 0 days | 1,856 sqft |
2020-10-01 | 0 days | 1,847 sqft |
2020-11-01 | 0 days | 1,631 sqft |
2020-12-01 | 0 days | 1,562 sqft |
2021-01-01 | 0 days | 1,560 sqft |
2021-02-01 | 0 days | 1,571 sqft |
2021-03-01 | 0 days | 1,600 sqft |
2021-04-01 | 0 days | 1,606 sqft |
2021-05-01 | 0 days | 1,659 sqft |
2021-06-01 | 0 days | 1,638 sqft |
2021-07-01 | 0 days | 1,666 sqft |
2021-08-01 | 0 days | 1,661 sqft |
2021-09-01 | 0 days | 1,657 sqft |
2021-10-01 | 0 days | 1,598 sqft |
2021-11-01 | 0 days | 1,566 sqft |
2021-12-01 | 0 days | 1,511 sqft |
2022-01-01 | 0 days | 1,575 sqft |
2022-02-01 | 0 days | 1,659 sqft |
2022-03-01 | 0 days | 1,634 sqft |
2022-04-01 | 0 days | 1,650 sqft |
2022-05-01 | 0 days | 1,729 sqft |
2022-06-01 | 0 days | 1,723 sqft |
2022-07-01 | 0 days | 1,676 sqft |
2022-08-01 | 0 days | 1,629 sqft |
2022-09-01 | 0 days | 1,613 sqft |
2022-10-01 | 0 days | 1,671 sqft |
2022-11-01 | 0 days | 1,712 sqft |
2022-12-01 | 0 days | 1,670 sqft |
2023-01-01 | 0 days | 1,690 sqft |
2023-02-01 | 0 days | 1,695 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 |
2023-11-01 | 0 days | 1,615 sqft |
2023-12-01 | 0 days | 1,639 sqft |
2024-01-01 | 0 days | 1,647 sqft |
2024-02-01 | 0 days | 1,509 sqft |
2024-03-01 | 0 days | 1,638 sqft |
2024-04-01 | 0 days | 1,799 sqft |
2024-05-01 | 0 days | 1,930 sqft |
2024-06-01 | 0 days | 1,778 sqft |
2024-07-01 | 0 days | 1,762 sqft |
2024-08-01 | 0 days | 1,716 sqft |
2024-09-01 | 0 days | 1,803 sqft |
Manitowoc's median square footage for active listings during the 2024-09-01 period was 1,803 sqft. One year prior, the average listing was 1,694 sqft.