Sheridan FHA Loan Rates, Closing Costs & Stats
Sheridan, WY
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.
Sheridan's 13 lenders originated 44 FHA loans during 2023. The total origination value was $12,890,000, with an average FHA loan value of $292,955.
Sheridan FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Sheridan
averaged
-0.45%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Sheridan's average FHA mortgage closing costs are $8,773.
The average rate for the prior week (2024-11-22) was
6.14% and
one month ago for the week of 2024-10-25, the
average rate was 6.22%.
The average rate one year ago was 6.61%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.2%.
Sheridan 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 Sheridan level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
QUICKEN LOANS, LLC | 6 | 5.85% | $14,165 |
AMERICAN PACIFIC MORTGAGE CORPORATION | 5 | 6.27% | $10,714 |
Glacier Bank | 4 | 6.19% | $11,020 |
ZILLOW HOME LOANS, LLC | 2 | 5.69% | $14,429 |
BAY EQUITY LLC | 2 | 6.75% | $13,735 |
Gateway First Bank | 2 | 6.00% | $5,890 |
PRIMARY RESIDENTIAL MORTGAGE, INC. | 2 | 6.00% | $10,060 |
LAKEVIEW LOAN SERVICING, LLC | 1 | 6.25% | $14,135 |
Mortgage Research Center, LLC | 1 | 6.63% | $17,739 |
Mr. Cooper ( Nationstar Mortgage ) | 1 | 5.50% | $15,583 |
AMERISAVE MORTGAGE CORPORATION | 1 | 6.25% | $20,502 |
FREEDOM MORTGAGE CORPORATION | 1 | 5.88% | $11,098 |
GUILD MORTGAGE COMPANY | 1 | 5.75% | $8,677 |
The top Sheridan FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
6 FHA loans originated. Their average total fees are
$14,165, which is $3,451
higher than the next largest lender,
AMERICAN PACIFIC MORTGAGE CORPORATION.
The lowest fee Sheridan FHA lenders (with over 10 loans originated) are
.
The lowest rate Sheridan FHA lenders (with over 10 loans originated) are
.
Sheridan FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
SHERIDAN, WY | SHERIDAN | 2021 | $489,900 | $627,150 | $758,100 | $942,100 |
SHERIDAN, WY | SHERIDAN | 2023 | $489,900 | $627,150 | $758,100 | $942,100 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Sheridan (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 | $282,500 (8.0%) | $409,755 (14.1%) | 0.00 | 181 |
2018-02-01 | $288,675 (8.9%) | $412,764 (13.4%) | 0.00 | 169 |
2018-03-01 | $299,500 (9.2%) | $418,633 (9.3%) | 0.00 | 162 |
2018-04-01 | $311,225 (13.6%) | $402,194 (10.7%) | 0.00 | 183 |
2018-05-01 | $325,000 (18.2%) | $426,476 (15.7%) | 0.00 | 195 |
2018-06-01 | $324,000 (17.8%) | $418,899 (13.0%) | 0.00 | 231 |
2018-07-01 | $294,750 (3.8%) | $401,306 (5.8%) | 0.00 | 234 |
2018-08-01 | $298,625 (3.9%) | $428,019 (11.1%) | 0.00 | 233 |
2018-09-01 | $295,000 (2.9%) | $424,877 (5.4%) | 0.00 | 236 |
2018-10-01 | $297,375 (3.4%) | $432,315 (4.0%) | 0.00 | 232 |
2018-11-01 | $289,673 (1.3%) | $427,759 (4.3%) | 0.00 | 206 |
2018-12-01 | $289,950 (1.4%) | $433,029 (4.8%) | 0.00 | 185 |
2019-01-01 | $285,000 (0.9%) | $423,173 (3.3%) | 0.00 | 185 |
2019-02-01 | $287,000 (-0.6%) | $420,212 (1.8%) | 0.00 | 190 |
2019-03-01 | $300,369 (0.3%) | $426,920 (2.0%) | 0.00 | 186 |
2019-04-01 | $322,500 (3.6%) | $444,597 (10.5%) | 0.00 | 186 |
2019-05-01 | $345,725 (6.4%) | $485,635 (13.9%) | 0.00 | 185 |
2019-06-01 | $354,000 (9.3%) | $482,840 (15.3%) | 0.00 | 214 |
2019-07-01 | $336,000 (14.0%) | $471,865 (17.6%) | 0.00 | 224 |
2019-08-01 | $319,855 (7.1%) | $451,019 (5.4%) | 0.00 | 226 |
2019-09-01 | $327,136 (10.9%) | $454,026 (6.9%) | 0.00 | 212 |
2019-10-01 | $331,991 (11.6%) | $455,287 (5.3%) | 0.00 | 205 |
2019-11-01 | $339,000 (17.0%) | $458,007 (7.1%) | 0.00 | 203 |
2019-12-01 | $356,000 (22.8%) | $477,028 (10.2%) | 0.00 | 172 |
2020-01-01 | $390,900 (37.2%) | $530,012 (25.3%) | 0.00 | 116 |
2020-02-01 | $391,900 (36.6%) | $540,171 (28.6%) | 0.00 | 108 |
2020-03-01 | $388,200 (29.2%) | $545,666 (27.8%) | 0.00 | 108 |
2020-04-01 | $400,850 (24.3%) | $558,097 (25.5%) | 0.00 | 107 |
2020-05-01 | $404,700 (17.1%) | $564,518 (16.2%) | 0.00 | 103 |
2020-06-01 | $423,950 (19.8%) | $594,565 (23.1%) | 0.00 | 106 |
2020-07-01 | $460,725 (37.1%) | $615,284 (30.4%) | 0.00 | 100 |
2020-08-01 | $480,000 (50.1%) | $629,699 (39.6%) | 0.00 | 92 |
2020-09-01 | $486,250 (48.6%) | $699,933 (54.2%) | 0.00 | 89 |
2020-10-01 | $453,999 (36.8%) | $756,010 (66.1%) | 0.00 | 79 |
2020-11-01 | $536,250 (58.2%) | $795,077 (73.6%) | 0.00 | 74 |
2020-12-01 | $538,750 (51.3%) | $823,679 (72.7%) | 0.00 | 69 |
2021-01-01 | $535,000 (36.9%) | $838,638 (58.2%) | 0.00 | 61 |
2021-02-01 | $581,250 (48.3%) | $863,847 (59.9%) | 0.00 | 56 |
2021-03-01 | $675,000 (73.9%) | $1,032,815 (89.3%) | 0.00 | 41 |
2021-04-01 | $753,750 (88.0%) | $1,059,398 (89.8%) | 0.00 | 37 |
2021-05-01 | $775,000 (91.5%) | $954,202 (69.0%) | 0.00 | 69 |
2021-06-01 | $785,000 (85.2%) | $944,681 (58.9%) | 0.00 | 79 |
2021-07-01 | $772,500 (67.7%) | $911,132 (48.1%) | 0.00 | 75 |
2021-08-01 | $569,650 (18.7%) | $936,463 (48.7%) | 0.00 | 62 |
2021-09-01 | $525,000 (8.0%) | $809,169 (15.6%) | 0.00 | 64 |
2021-10-01 | $515,000 (13.4%) | $855,582 (13.2%) | 0.00 | 54 |
2021-11-01 | $523,925 (-2.3%) | $926,479 (16.5%) | 0.00 | 53 |
2021-12-01 | $538,350 (-0.1%) | $870,813 (5.7%) | 0.00 | 57 |
2022-01-01 | $575,000 (7.5%) | $905,964 (8.0%) | 0.00 | 52 |
2022-02-01 | $583,750 (0.4%) | $1,003,082 (16.1%) | 0.00 | 40 |
2022-03-01 | $564,900 (-16.3%) | $975,489 (-5.6%) | 0.00 | 50 |
2022-04-01 | $545,000 (-27.7%) | $886,166 (-16.4%) | 0.00 | 61 |
2022-05-01 | $574,250 (-25.9%) | $891,264 (-6.6%) | 0.00 | 70 |
2022-06-01 | $592,750 (-24.5%) | $924,320 (-2.2%) | 0.00 | 82 |
2022-07-01 | $597,450 (-22.7%) | $952,493 (4.5%) | 0.00 | 100 |
2022-08-01 | $598,000 (5.0%) | $875,398 (-6.5%) | 0.00 | 115 |
2022-09-01 | $622,750 (18.6%) | $863,758 (6.8%) | 0.00 | 112 |
2022-10-01 | $606,000 (17.7%) | $820,156 (-4.1%) | 0.00 | 116 |
2022-11-01 | $605,850 (15.6%) | $819,467 (-11.6%) | 0.00 | 127 |
2022-12-01 | $599,450 (11.4%) | $777,781 (-10.7%) | 0.00 | 116 |
2023-01-01 | $512,375 (-10.9%) | $692,406 (-23.6%) | 0.00 | 96 |
2023-02-01 | $588,325 (0.8%) | $751,544 (-25.1%) | 0.00 | 85 |
2023-03-01 | $635,225 (12.5%) | $825,887 (-15.3%) | 0.00 | 73 |
2023-04-01 | $659,900 (21.1%) | $814,368 (-8.1%) | 0.00 | 86 |
2023-05-01 | $693,349 (20.7%) | $885,258 (-0.7%) | 0.00 | 106 |
2023-06-01 | $666,595 (12.5%) | $846,970 (-8.4%) | 0.00 | 119 |
2023-07-01 | $635,250 (6.3%) | $783,961 (-17.7%) | 0.00 | 126 |
2023-08-01 | $618,325 (3.4%) | $775,982 (-11.4%) | 0.00 | 139 |
2023-09-01 | $618,500 (-0.7%) | $795,158 (-7.9%) | 0.00 | 138 |
2023-10-01 | $618,625 (2.1%) | $779,791 (-4.9%) | 0.00 | 142 |
2023-11-01 | $593,375 (-2.1%) | $775,685 (-5.3%) | 0.00 | 132 |
2023-12-01 | $585,450 (-2.3%) | $753,192 (-3.2%) | 0.00 | 113 |
2024-01-01 | $570,225 (11.3%) | $767,229 (10.8%) | 0.00 | 94 |
2024-02-01 | $589,000 (0.1%) | $815,614 (8.5%) | 0.00 | 94 |
2024-03-01 | $625,000 (-1.6%) | $905,826 (9.7%) | 0.00 | 113 |
2024-04-01 | $624,950 (-5.3%) | $985,213 (21.0%) | 0.00 | 115 |
2024-05-01 | $622,500 (-10.2%) | $957,392 (8.2%) | 0.00 | 127 |
2024-06-01 | $589,000 (-11.6%) | $841,678 (-0.6%) | 0.00 | 195 |
2024-07-01 | $589,000 (-7.3%) | $811,377 (3.5%) | 0.00 | 197 |
2024-08-01 | $579,350 (-6.3%) | $811,987 (4.6%) | 0.00 | 178 |
2024-09-01 | $578,263 (-6.5%) | $814,999 (2.5%) | 0.00 | 171 |
2024-10-01 | $574,175 (-7.2%) | $838,405 (7.5%) | 0.00 | 159 |
Sheridan's median listing price comes in at 0% of the national average.
Sheridan's average listing price for 2024-10-01 was $838,405, a difference of $58,614 (7.5%) versus the prior year and $23,406 versus the prior month.
For the 2024-10-01 period, Sheridan had 159 MLS listings, a difference of -12 listings (-7%) versus the prior month and 17 listings (12%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Sheridan (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,839 sqft |
2018-02-01 | 0 days | 1,880 sqft |
2018-03-01 | 0 days | 1,875 sqft |
2018-04-01 | 0 days | 1,889 sqft |
2018-05-01 | 0 days | 1,948 sqft |
2018-06-01 | 0 days | 1,903 sqft |
2018-07-01 | 0 days | 1,832 sqft |
2018-08-01 | 0 days | 2,009 sqft |
2018-09-01 | 0 days | 1,988 sqft |
2018-10-01 | 0 days | 2,005 sqft |
2018-11-01 | 0 days | 1,976 sqft |
2018-12-01 | 0 days | 1,965 sqft |
2019-01-01 | 0 days | 1,906 sqft |
2019-02-01 | 0 days | 1,934 sqft |
2019-03-01 | 0 days | 1,946 sqft |
2019-04-01 | 0 days | 1,988 sqft |
2019-05-01 | 0 days | 2,082 sqft |
2019-06-01 | 0 days | 2,239 sqft |
2019-07-01 | 0 days | 2,055 sqft |
2019-08-01 | 0 days | 1,999 sqft |
2019-09-01 | 0 days | 2,000 sqft |
2019-10-01 | 0 days | 2,000 sqft |
2019-11-01 | 0 days | 1,962 sqft |
2019-12-01 | 0 days | 2,014 sqft |
2020-01-01 | 0 days | 1,873 sqft |
2020-02-01 | 0 days | 1,863 sqft |
2020-03-01 | 0 days | 1,868 sqft |
2020-04-01 | 0 days | 1,947 sqft |
2020-05-01 | 0 days | 2,178 sqft |
2020-06-01 | 0 days | 2,313 sqft |
2020-07-01 | 0 days | 2,148 sqft |
2020-08-01 | 0 days | 2,112 sqft |
2020-09-01 | 0 days | 2,162 sqft |
2020-10-01 | 0 days | 2,100 sqft |
2020-11-01 | 0 days | 2,118 sqft |
2020-12-01 | 0 days | 1,959 sqft |
2021-01-01 | 0 days | 1,912 sqft |
2021-02-01 | 0 days | 2,077 sqft |
2021-03-01 | 0 days | 2,151 sqft |
2021-04-01 | 0 days | 2,373 sqft |
2021-05-01 | 0 days | 2,238 sqft |
2021-06-01 | 0 days | 2,238 sqft |
2021-07-01 | 0 days | 2,238 sqft |
2021-08-01 | 0 days | 2,232 sqft |
2021-09-01 | 0 days | 2,201 sqft |
2021-10-01 | 0 days | 2,264 sqft |
2021-11-01 | 0 days | 2,245 sqft |
2021-12-01 | 0 days | 2,146 sqft |
2022-01-01 | 0 days | 2,146 sqft |
2022-02-01 | 0 days | 2,146 sqft |
2022-03-01 | 0 days | 2,146 sqft |
2022-04-01 | 0 days | 2,146 sqft |
2022-05-01 | 0 days | 2,199 sqft |
2022-06-01 | 0 days | 2,165 sqft |
2022-07-01 | 0 days | 2,250 sqft |
2022-08-01 | 0 days | 2,400 sqft |
2022-09-01 | 0 days | 2,357 sqft |
2022-10-01 | 0 days | 2,248 sqft |
2022-11-01 | 0 days | 2,241 sqft |
2022-12-01 | 0 days | 2,076 sqft |
2023-01-01 | 0 days | 1,894 sqft |
2023-02-01 | 0 days | 2,017 sqft |
2023-03-01 | 0 days | 2,111 sqft |
2023-04-01 | 0 days | 2,133 sqft |
2023-05-01 | 0 days | 2,340 sqft |
2023-06-01 | 0 days | 2,350 sqft |
2023-07-01 | 0 days | 2,199 sqft |
2023-08-01 | 0 days | 2,164 sqft |
2023-09-01 | 0 days | 2,068 sqft |
2023-10-01 | 0 days | 2,141 sqft |
2023-11-01 | 0 days | 2,000 sqft |
2023-12-01 | 0 days | 1,969 sqft |
2024-01-01 | 0 days | 1,966 sqft |
2024-02-01 | 0 days | 2,075 sqft |
2024-03-01 | 0 days | 2,125 sqft |
2024-04-01 | 0 days | 2,193 sqft |
2024-05-01 | 0 days | 2,230 sqft |
2024-06-01 | 0 days | 2,070 sqft |
2024-07-01 | 0 days | 1,992 sqft |
2024-08-01 | 0 days | 2,184 sqft |
2024-09-01 | 0 days | 2,200 sqft |
2024-10-01 | 0 days | 2,200 sqft |
Sheridan's median square footage for active listings during the 2024-10-01 period was 2,200 sqft. One year prior, the average listing was 2,141 sqft.