Sheboygan VA Loan Rates, Closing Costs & Stats

SHEBOYGAN, WI

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Sheboygan's 31 lenders originated 88 VA loans during 2023. The total origination value was $21,190,000, with an average VA loan value of $240,795.

    Sheboygan VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Sheboygan averaged 7.15% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Sheboygan's average VA mortgage closing costs are $5,090.

    The average rate for the prior week (2024-04-12) was 6.88% and one month ago for the week of 2024-03-15, the average rate was 6.54%.

    The average rate one year ago was 6.03%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

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

    Sheboygan VA Loan Lenders by Rates & Fees

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

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 21 6.98% $5,087
    UNITED WHOLESALE MORTGAGE, LLC 5 6.75% $8,158
    UNION HOME MORTGAGE CORP. 5 7.08% $2,828
    NAVY FEDERAL CREDIT UNION 5 6.10% $6,614
    USAA Federal Savings Bank 4 6.44% $7,345
    LOANDEPOT.COM, LLC 3 6.75% $10,812
    QUICKEN LOANS, LLC 3 6.00% $7,964
    NEW DAY FINANCIAL, LLC 3 7.21% $6,439
    FREEDOM MORTGAGE CORPORATION 3 7.25% $16,179
    Barrington Bank & Trust Company, N.A. 3 6.25% $10,865
    CMG MORTGAGE, INC. 2 7.13% $5,251
    PENNYMAC LOAN SERVICES, LLC 2 5.75% $3,007
    ENVOY MORTGAGE, LTD 2 7.19% $1,564
    U.S. Bank 2 6.13% $11,338
    CIBM Bank 2 6.88% $2,356
    NEWREZ LLC 2 7.50% $6,448
    Paramount Residential Mortgage Group, Inc. 2 6.44% $3,364
    V.I.P. MORTGAGE, INC. 1 6.75% $3,220
    Bank of England 1 6.25% $12,458
    BROKER SOLUTIONS, INC. 1 5.63% $7,026
    CARDINAL FINANCIAL 1 7.25% $6,140
    FLAT BRANCH MORTGAGE, INC. 1 6.63% $8,323
    MOVEMENT MORTGAGE, LLC 1 6.25% $5,325
    North American Savings Bank, F.S.B. 1 6.75% $11,289
    PENTAGON FEDERAL CREDIT UNION 1 6.00% $2,572
    PREMIA MORTGAGE, LLC 1 7.25% $4,565
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.63% $5,093
    Prosperity Home Mortgage, LLC 1 5.75% $1,989
    The Federal Savings Bank 1 6.75% $20,493
    VILLAGE CAPITAL MORTGAGE 1 5.38% $18,169
    A + MORTGAGE SERVICES, INC. 1 6.75% $3,326

    The top Sheboygan VA lender as defined by loan originations is Mortgage Research Center, LLC, with 21 VA loans originated. Their average total fees are $5,087, which is $3,072 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Sheboygan VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,087), .

    The lowest rate Sheboygan VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.98%), .

    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 $196,700 (40.6%) $256,376 (21.9%) 0.00 358
    2018-02-01 $192,450 (32.8%) $251,430 (19.0%) 0.00 349
    2018-03-01 $199,900 (34.1%) $260,816 (19.4%) 0.00 376
    2018-04-01 $214,850 (34.4%) $273,351 (17.8%) 0.00 386
    2018-05-01 $217,500 (28.2%) $281,665 (18.1%) 0.00 386
    2018-06-01 $216,000 (25.3%) $280,808 (14.7%) 0.00 418
    2018-07-01 $218,250 (21.3%) $282,382 (10.3%) 0.00 428
    2018-08-01 $218,500 (21.1%) $275,417 (7.6%) 0.00 461
    2018-09-01 $204,941 (2.5%) $276,677 (4.9%) 0.00 461
    2018-10-01 $210,000 (0.1%) $277,356 (7.1%) 0.00 455
    2018-11-01 $210,000 (-1.8%) $273,263 (4.0%) 0.00 444
    2018-12-01 $199,900 (1.1%) $275,101 (7.1%) 0.00 367
    2019-01-01 $199,900 (1.6%) $271,813 (6.0%) 0.00 337
    2019-02-01 $199,900 (3.9%) $267,350 (6.3%) 0.00 338
    2019-03-01 $204,636 (2.4%) $268,585 (3.0%) 0.00 353
    2019-04-01 $227,200 (5.8%) $289,042 (5.7%) 0.00 378
    2019-05-01 $232,175 (6.8%) $290,434 (3.1%) 0.00 379
    2019-06-01 $209,800 (-2.9%) $275,693 (-1.8%) 0.00 415
    2019-07-01 $215,950 (-1.1%) $279,758 (-0.9%) 0.00 441
    2019-08-01 $214,914 (-1.6%) $276,436 (0.4%) 0.00 444
    2019-09-01 $214,934 (4.9%) $273,961 (-1.0%) 0.00 440
    2019-10-01 $214,923 (2.3%) $272,586 (-1.7%) 0.00 434
    2019-11-01 $227,450 (8.3%) $272,577 (-0.3%) 0.00 428
    2019-12-01 $225,250 (12.7%) $266,925 (-3.0%) 0.00 373
    2020-01-01 $224,950 (12.5%) $267,474 (-1.6%) 0.00 319
    2020-02-01 $227,000 (13.6%) $276,147 (3.3%) 0.00 323
    2020-03-01 $229,675 (12.2%) $283,829 (5.7%) 0.00 326
    2020-04-01 $237,700 (4.6%) $286,105 (-1.0%) 0.00 309
    2020-05-01 $237,450 (2.3%) $295,437 (1.7%) 0.00 309
    2020-06-01 $229,900 (9.6%) $298,153 (8.2%) 0.00 307
    2020-07-01 $227,000 (5.1%) $291,892 (4.3%) 0.00 318
    2020-08-01 $229,000 (6.6%) $291,534 (5.5%) 0.00 338
    2020-09-01 $213,575 (-0.6%) $282,683 (3.2%) 0.00 345
    2020-10-01 $199,900 (-7.0%) $275,310 (1.0%) 0.00 323
    2020-11-01 $199,900 (-12.1%) $271,203 (-0.5%) 0.00 291
    2020-12-01 $197,400 (-12.4%) $274,275 (2.8%) 0.00 249
    2021-01-01 $198,450 (-11.8%) $272,847 (2.0%) 0.00 213
    2021-02-01 $219,925 (-3.1%) $278,888 (1.0%) 0.00 194
    2021-03-01 $227,400 (-1.0%) $289,529 (2.0%) 0.00 204
    2021-04-01 $219,900 (-7.5%) $288,287 (0.8%) 0.00 221
    2021-05-01 $229,000 (-3.6%) $313,438 (6.1%) 0.00 259
    2021-06-01 $229,950 (0.0%) $312,114 (4.7%) 0.00 281
    2021-07-01 $229,950 (1.3%) $324,233 (11.1%) 0.00 279
    2021-08-01 $233,575 (2.0%) $309,657 (6.2%) 0.00 292
    2021-09-01 $236,825 (10.9%) $305,251 (8.0%) 0.00 289
    2021-10-01 $240,000 (20.1%) $306,729 (11.4%) 0.00 277
    2021-11-01 $249,900 (25.0%) $298,072 (9.9%) 0.00 239
    2021-12-01 $243,725 (23.5%) $291,835 (6.4%) 0.00 203
    2022-01-01 $239,000 (20.4%) $301,018 (10.3%) 0.00 164
    2022-02-01 $237,875 (8.2%) $297,633 (6.7%) 0.00 152
    2022-03-01 $243,325 (7.0%) $320,536 (10.7%) 0.00 140
    2022-04-01 $274,900 (25.0%) $331,616 (15.0%) 0.00 149
    2022-05-01 $292,475 (27.7%) $338,866 (8.1%) 0.00 198
    2022-06-01 $287,450 (25.0%) $350,265 (12.2%) 0.00 225
    2022-07-01 $279,950 (21.7%) $356,199 (9.9%) 0.00 224
    2022-08-01 $266,925 (14.3%) $352,060 (13.7%) 0.00 224
    2022-09-01 $269,900 (14.0%) $343,668 (12.6%) 0.00 226
    2022-10-01 $275,000 (14.6%) $348,406 (13.6%) 0.00 200
    2022-11-01 $276,225 (10.5%) $334,811 (12.3%) 0.00 191
    2022-12-01 $299,450 (22.9%) $335,468 (15.0%) 0.00 155
    2023-01-01 $307,200 (28.5%) $350,078 (16.3%) 0.00 131
    2023-02-01 $280,925 (18.1%) $350,338 (17.7%) 0.00 147
    2023-03-01 $356,400 (46.5%) $363,084 (13.3%) 0.00 157
    2023-04-01 $325,000 (18.2%) $353,857 (6.7%) 0.00 165
    2023-05-01 $327,425 (12.0%) $366,472 (8.2%) 0.00 174
    2023-06-01 $318,100 (10.7%) $360,132 (2.8%) 0.00 188
    2023-07-01 $315,000 (12.5%) $350,384 (-1.6%) 0.00 196
    2023-08-01 $319,700 (19.8%) $343,667 (-2.4%) 0.00 204
    2023-09-01 $341,900 (26.7%) $350,945 (2.1%) 0.00 186
    2023-10-01 $330,475 (20.2%) $351,523 (0.9%) 0.00 181
    2023-11-01 $326,225 (18.1%) $354,995 (6.0%) 0.00 172
    2023-12-01 $329,900 (10.2%) $361,178 (7.7%) 0.00 159
    2024-01-01 $345,675 (12.5%) $380,656 (8.7%) 0.00 123
    2024-02-01 $374,900 (33.5%) $444,934 (27.0%) 0.00 117
    2024-03-01 $334,900 (-6.0%) $465,054 (28.1%) 0.00 123
    Sheboygan's median listing price for 2024-03-01 was $334,900, a difference of $-21,500 (-6.0%) versus the prior year and $-40,000 versus the prior month.

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

    Sheboygan's average listing price for 2024-03-01 was $465,054, a difference of $101,970 (28.1%) versus the prior year and $20,120 versus the prior month.

    For the 2024-03-01 period, Sheboygan had 123 MLS listings, a difference of 6 listings (5%) versus the prior month and -34 listings (-22%) 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 1,674 sqft
    2018-02-01 0 days 1,673 sqft
    2018-03-01 0 days 1,687 sqft
    2018-04-01 0 days 1,729 sqft
    2018-05-01 0 days 1,725 sqft
    2018-06-01 0 days 1,751 sqft
    2018-07-01 0 days 1,755 sqft
    2018-08-01 0 days 1,694 sqft
    2018-09-01 0 days 1,665 sqft
    2018-10-01 0 days 1,682 sqft
    2018-11-01 0 days 1,701 sqft
    2018-12-01 0 days 1,688 sqft
    2019-01-01 0 days 1,681 sqft
    2019-02-01 0 days 1,623 sqft
    2019-03-01 0 days 1,589 sqft
    2019-04-01 0 days 1,577 sqft
    2019-05-01 0 days 1,602 sqft
    2019-06-01 0 days 1,610 sqft
    2019-07-01 0 days 1,649 sqft
    2019-08-01 0 days 1,646 sqft
    2019-09-01 0 days 1,636 sqft
    2019-10-01 0 days 1,630 sqft
    2019-11-01 0 days 1,600 sqft
    2019-12-01 0 days 1,614 sqft
    2020-01-01 0 days 1,644 sqft
    2020-02-01 0 days 1,634 sqft
    2020-03-01 0 days 1,634 sqft
    2020-04-01 0 days 1,687 sqft
    2020-05-01 0 days 1,687 sqft
    2020-06-01 0 days 1,722 sqft
    2020-07-01 0 days 1,706 sqft
    2020-08-01 0 days 1,670 sqft
    2020-09-01 0 days 1,618 sqft
    2020-10-01 0 days 1,602 sqft
    2020-11-01 0 days 1,550 sqft
    2020-12-01 0 days 1,534 sqft
    2021-01-01 0 days 1,546 sqft
    2021-02-01 0 days 1,576 sqft
    2021-03-01 0 days 1,580 sqft
    2021-04-01 0 days 1,569 sqft
    2021-05-01 0 days 1,623 sqft
    2021-06-01 0 days 1,639 sqft
    2021-07-01 0 days 1,581 sqft
    2021-08-01 0 days 1,576 sqft
    2021-09-01 0 days 1,623 sqft
    2021-10-01 0 days 1,632 sqft
    2021-11-01 0 days 1,589 sqft
    2021-12-01 0 days 1,558 sqft
    2022-01-01 0 days 1,562 sqft
    2022-02-01 0 days 1,573 sqft
    2022-03-01 0 days 1,683 sqft
    2022-04-01 0 days 1,698 sqft
    2022-05-01 0 days 1,722 sqft
    2022-06-01 0 days 1,741 sqft
    2022-07-01 0 days 1,748 sqft
    2022-08-01 0 days 1,681 sqft
    2022-09-01 0 days 1,717 sqft
    2022-10-01 0 days 1,675 sqft
    2022-11-01 0 days 1,635 sqft
    2022-12-01 0 days 1,648 sqft
    2023-01-01 0 days 1,646 sqft
    2023-02-01 0 days 1,600 sqft
    2023-03-01 0 days 1,552 sqft
    2023-04-01 0 days 1,564 sqft
    2023-05-01 0 days 1,632 sqft
    2023-06-01 0 days 1,649 sqft
    2023-07-01 0 days 1,645 sqft
    2023-08-01 0 days 1,577 sqft
    2023-09-01 0 days 1,549 sqft
    2023-10-01 0 days 1,580 sqft
    2023-11-01 0 days 1,593 sqft
    2023-12-01 0 days 1,593 sqft
    2024-01-01 0 days 1,571 sqft
    2024-02-01 0 days 1,523 sqft
    2024-03-01 0 days 1,545 sqft
    Sheboygan's median listing age (time on market) for 2024-03-01 was 0 days.

    Sheboygan's median square footage for active listings during the 2024-03-01 period was 1,545 sqft. One year prior, the average listing was 1,552 sqft.

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.