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 6.73% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

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

    The average rate for the prior week (2024-11-01) was 6.39% and one month ago for the week of 2024-10-04, the average rate was 5.72%.

    The average rate one year ago was 7.27%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.34%.

    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%), .

    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.