Sheboygan VA Loans

SHEBOYGAN, WI

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 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 47 lenders originated 200 VA loans during 2021. The total origination value was $43,480,000, with an average VA loan value of $217,400.

Sheboygan VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Sheboygan averaged 5.3% for the week of 2022-08-05, compared to the national average (all VA variants) of 5.013% for the same period.

The average rate for the prior week (2022-07-29) was 5.45% and one month ago for the week of 2022-07-01, the average rate was 5.87%.

The average rate one year ago was 3.05%.

For refis of the same type during the week of 2022-08-05, the average rate was 5.33%.

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 and rates for VA 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
Mortgage Research Center, LLC 33 2.82% $4,834
QUICKEN LOANS, LLC 18 2.51% $4,136
CIBM Bank 12 2.79% $3,871
FREEDOM MORTGAGE CORPORATION 9 2.53% $1,517
NAVY FEDERAL CREDIT UNION 8 2.50% $3,290
Mr. Cooper ( Nationstar Mortgage ) 7 2.93% $5,257
USAA Federal Savings Bank 7 2.80% $2,379
HOME POINT FINANCIAL CORPORATION 6 2.48% $1,727
CHERRY CREEK MORTGAGE, LLC 5 3.10% $2,972
BROKER SOLUTIONS, INC. 5 2.94% $6,198
PENNYMAC LOAN SERVICES, LLC 5 2.40% $7,925
U.S. Bank 4 2.88% $7,730
CALIBER HOME LOANS, INC. 4 2.63% $2,171
The Federal Savings Bank 3 2.50% $5,029
WISCONSIN MORTGAGE CORPORATION 3 2.58% $5,344
ENVOY MORTGAGE, LTD 3 3.33% $12,360
TOWNE MORTGAGE COMPANY 3 2.71% $7,549
LOANDEPOT.COM, LLC 2 2.87% $855
CROSSCOUNTRY MORTGAGE, LLC 2 3.00% $4,138
NEW DAY FINANCIAL, LLC 2 2.56% $12,728
Bank First, N.A. 2 2.88% $7,391
Barrington Bank & Trust Company, N.A. 2 2.87% $3,063
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.25% $8,676
AMERISAVE MORTGAGE CORPORATION 2 2.25% $3,193
CMG MORTGAGE, INC. 2 3.37% $5,342
MUTUAL OF OMAHA MORTGAGE, INC. 1 3.75% $5,941
AXIA FINANCIAL, LLC 1 3.00% $13,467
CLEARPATH LENDING 1 2.25% $885
FINANCE OF AMERICA MORTGAGE LLC 1 3.00% $2,964
First Bank & Trust 1 2.88% $4,502
FIRST CENTENNIAL MORTGAGE CORPORATION 1 2.50% $19,150
FLAT BRANCH MORTGAGE, INC. 1 3.63% $6,776
GUARANTEED RATE AFFINITY, LLC 1 2.88% $1,152
GUILD MORTGAGE COMPANY 1 2.50% $2,856
INLANTA MORTGAGE, INC. 1 2.63% $2,791
KS StateBank 1 2.38% $2,133
Magnolia Bank 1 2.25% $2,718
ACCELERATE MORTGAGE, LLC 1 2.25% $3,093
NBKC BANK 1 2.75% $1,829
NEWREZ LLC 1 3.63% $1,316
North American Savings Bank, F.S.B. 1 3.38% $370
North Shore Bank FSB 1 2.63% $1,286
Paramount Residential Mortgage Group, Inc. 1 2.75% $9,999
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 2.88% $3,381
ROYAL UNITED MORTGAGE LLC 1 2.75% $9,645
The Equitable Bank, S.S.B. 1 2.63% $1,597
UNITED WHOLESALE MORTGAGE, LLC 1 2.42% $2,356

The top Sheboygan VA lender as defined by loan originations is Mortgage Research Center, LLC, with 33 VA loans originated. Their average total fees are $4,834, which is $698 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Sheboygan VA lenders (with over 10 loans originated) are CIBM Bank ($3,871), QUICKEN LOANS, LLC ($4,136), Mortgage Research Center, LLC ($4,834), .

The lowest rate Sheboygan VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (2.51%), CIBM Bank (2.79%), Mortgage Research Center, LLC (2.82%), .


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.

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.