Sheboygan USDA Loans

SHEBOYGAN, WI

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Sheboygan's 12 lenders originated 18 USDA loans during 2021. The total origination value was $3,260,000, with an average USDA loan value of $181,111.

Sheboygan USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Sheboygan averaged 5.45% for the week of 2022-08-05, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-07-29) was 5.38% and one month ago for the week of 2022-07-01, the average rate was 5.51%.

The average rate one year ago was 3.39%.

For refis of the same type during the week of 2022-08-05, the average rate was 5.29%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Sheboygan USDA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Sheboygan level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
PENNYMAC LOAN SERVICES, LLC 3 2.96% $3,577
Bank First, N.A. 3 2.96% $4,332
ENVOY MORTGAGE, LTD 2 2.94% $6,239
WISCONSIN MORTGAGE CORPORATION 2 2.56% $5,248
Associated Bank 1 2.88% $4,567
Paramount Residential Mortgage Group, Inc. 1 2.75% $3,147
UNITED WHOLESALE MORTGAGE, LLC 1 2.88% $3,236
U.S. Bank 1 3.63% $3,951
NATIONS RELIABLE LENDING, LLC 1 3.25% $4,899
Bankers' Bank 1 3.25% $4,241
GUARANTEED RATE, INC. 1 2.88% $5,005
LAKEVIEW LOAN SERVICING, LLC 1 3.00% $4,578

The top Sheboygan USDA lender as defined by loan originations is PENNYMAC LOAN SERVICES, LLC, with 3 USDA loans originated. Their average total fees are $3,577, which is $755 lower than the next largest lender, Bank First, N.A..

The lowest fee Sheboygan USDA lenders (with over 10 loans originated) are .

The lowest rate Sheboygan USDA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Sheboygan (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 $226,250 (61.6%) $277,104 (29.9%) 0.00 289
2018-02-01 $224,450 (54.9%) $277,906 (30.3%) 0.00 267
2018-03-01 $244,900 (65.6%) $299,111 (36.3%) 0.00 262
2018-04-01 $249,150 (40.8%) $320,239 (21.8%) 0.00 249
2018-05-01 $248,950 (21.5%) $331,176 (19.0%) 0.00 247
2018-06-01 $248,300 (16.9%) $333,068 (17.9%) 0.00 270
2018-07-01 $252,450 (11.0%) $323,176 (10.0%) 0.00 309
2018-08-01 $239,950 (1.6%) $307,194 (3.7%) 0.00 341
2018-09-01 $234,900 (-5.2%) $309,635 (0.8%) 0.00 364
2018-10-01 $237,050 (-0.4%) $309,039 (7.2%) 0.00 361
2018-11-01 $232,150 (-0.1%) $293,878 (2.0%) 0.00 351
2018-12-01 $220,000 (-3.3%) $286,359 (2.2%) 0.00 308
2019-01-01 $208,400 (-7.9%) $285,513 (3.0%) 0.00 268
2019-02-01 $214,950 (-4.2%) $290,162 (4.4%) 0.00 247
2019-03-01 $229,957 (-6.1%) $301,188 (0.7%) 0.00 275
2019-04-01 $244,957 (-1.7%) $313,282 (-2.2%) 0.00 417
2019-05-01 $249,950 (0.4%) $323,022 (-2.5%) 0.00 246
2019-06-01 $249,900 (0.6%) $319,170 (-4.2%) 0.00 271
2019-07-01 $249,950 (-1.0%) $319,860 (-1.0%) 0.00 304
2019-08-01 $245,614 (2.4%) $308,087 (0.3%) 0.00 323
2019-09-01 $234,950 (0.0%) $295,169 (-4.7%) 0.00 337
2019-10-01 $247,400 (4.4%) $301,865 (-2.3%) 0.00 311
2019-11-01 $250,000 (7.7%) $297,746 (1.3%) 0.00 315
2019-12-01 $238,700 (8.5%) $286,230 (-0.1%) 0.00 282
2020-01-01 $249,600 (19.8%) $292,046 (2.3%) 0.00 232
2020-02-01 $264,900 (23.2%) $308,488 (6.3%) 0.00 227
2020-03-01 $263,250 (14.5%) $317,482 (5.4%) 0.00 212
2020-04-01 $266,200 (8.7%) $319,737 (2.1%) 0.00 186
2020-05-01 $271,400 (8.6%) $340,043 (5.3%) 0.00 181
2020-06-01 $277,450 (11.0%) $352,479 (10.4%) 0.00 162
2020-07-01 $264,550 (5.8%) $350,599 (9.6%) 0.00 160
2020-08-01 $261,900 (6.6%) $344,871 (11.9%) 0.00 166
2020-09-01 $239,900 (2.1%) $327,622 (11.0%) 0.00 164
2020-10-01 $228,000 (-7.8%) $312,250 (3.4%) 0.00 169
2020-11-01 $229,950 (-8.0%) $311,137 (4.5%) 0.00 161
2020-12-01 $225,000 (-5.7%) $305,241 (6.6%) 0.00 149
2021-01-01 $234,900 (-5.9%) $310,987 (6.5%) 0.00 128
2021-02-01 $239,450 (-9.6%) $327,602 (6.2%) 0.00 93
2021-03-01 $234,450 (-10.9%) $329,191 (3.7%) 0.00 89
2021-04-01 $252,450 (-5.2%) $364,147 (13.9%) 0.00 92
2021-05-01 $260,000 (-4.2%) $405,804 (19.3%) 0.00 98
2021-06-01 $259,900 (-6.3%) $370,806 (5.2%) 0.00 119
2021-07-01 $267,400 (1.1%) $391,810 (11.8%) 0.00 131
2021-08-01 $274,400 (4.8%) $365,559 (6.0%) 0.00 144
2021-09-01 $269,900 (12.5%) $345,953 (5.6%) 0.00 140
2021-10-01 $275,000 (20.6%) $353,737 (13.3%) 0.00 121
2021-11-01 $268,450 (16.7%) $336,121 (8.0%) 0.00 107
2021-12-01 $259,450 (15.3%) $322,265 (5.6%) 0.00 94
2022-01-01 $269,000 (14.5%) $336,093 (8.1%) 0.00 81
2022-02-01 $292,450 (22.1%) $337,685 (3.1%) 0.00 66
2022-03-01 $294,950 (25.8%) $374,921 (13.9%) 0.00 56
2022-04-01 $319,900 (26.7%) $375,572 (3.1%) 0.00 63
2022-05-01 $365,000 (40.4%) $400,658 (-1.3%) 0.00 82
2022-06-01 $357,450 (37.5%) $403,384 (8.8%) 0.00 97
Sheboygan's median listing price for 2022-06-01 was $357,450, a difference of $97,550 (37.5%) versus the prior year and $-7,550 versus the prior month.

Sheboygan's median listing price comes in at 0% of the national average.

Sheboygan's average listing price for 2022-06-01 was $403,384, a difference of $32,578 (8.8%) versus the prior year and $2,726 versus the prior month.

For the 2022-06-01 period, Sheboygan had 97 MLS listings, a difference of 15 listings (18%) versus the prior month and -22 listings (-18%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Sheboygan (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,740 sqft
2018-02-01 0 days 1,744 sqft
2018-03-01 0 days 1,825 sqft
2018-04-01 0 days 1,764 sqft
2018-05-01 0 days 1,800 sqft
2018-06-01 0 days 1,858 sqft
2018-07-01 0 days 1,836 sqft
2018-08-01 0 days 1,747 sqft
2018-09-01 0 days 1,736 sqft
2018-10-01 0 days 1,736 sqft
2018-11-01 0 days 1,758 sqft
2018-12-01 0 days 1,660 sqft
2019-01-01 0 days 1,648 sqft
2019-02-01 0 days 1,611 sqft
2019-03-01 0 days 1,622 sqft
2019-04-01 0 days 1,677 sqft
2019-05-01 0 days 1,697 sqft
2019-06-01 0 days 1,674 sqft
2019-07-01 0 days 1,701 sqft
2019-08-01 0 days 1,686 sqft
2019-09-01 0 days 1,687 sqft
2019-10-01 0 days 1,688 sqft
2019-11-01 0 days 1,607 sqft
2019-12-01 0 days 1,564 sqft
2020-01-01 0 days 1,628 sqft
2020-02-01 0 days 1,701 sqft
2020-03-01 0 days 1,661 sqft
2020-04-01 0 days 1,715 sqft
2020-05-01 0 days 1,750 sqft
2020-06-01 0 days 1,866 sqft
2020-07-01 0 days 1,793 sqft
2020-08-01 0 days 1,792 sqft
2020-09-01 0 days 1,679 sqft
2020-10-01 0 days 1,610 sqft
2020-11-01 0 days 1,566 sqft
2020-12-01 0 days 1,545 sqft
2021-01-01 0 days 1,562 sqft
2021-02-01 0 days 1,534 sqft
2021-03-01 0 days 1,505 sqft
2021-04-01 0 days 1,585 sqft
2021-05-01 0 days 1,724 sqft
2021-06-01 0 days 1,688 sqft
2021-07-01 0 days 1,632 sqft
2021-08-01 0 days 1,715 sqft
2021-09-01 0 days 1,668 sqft
2021-10-01 0 days 1,789 sqft
2021-11-01 0 days 1,631 sqft
2021-12-01 0 days 1,561 sqft
2022-01-01 0 days 1,568 sqft
2022-02-01 0 days 1,560 sqft
2022-03-01 0 days 1,803 sqft
2022-04-01 0 days 1,785 sqft
2022-05-01 0 days 1,865 sqft
2022-06-01 0 days 1,873 sqft
Sheboygan's median listing age (time on market) for 2022-06-01 was 0 days.

Sheboygan's median square footage for active listings during the 2022-06-01 period was 1,873 sqft. One year prior, the average listing was 1,688 sqft.