Sheboygan USDA Loans

SHEBOYGAN, WI

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    • 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.