Sheridan VA Loan Rates, Closing Costs & Stats

Sheridan, WY

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.

Sheridan's 23 lenders originated 47 VA loans during 2023. The total origination value was $19,675,000, with an average VA loan value of $418,617.

Sheridan VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Sheridan averaged 0.06% for the week of 2024-11-29, compared to the national average (all VA variants) of 0% for the same period.

Sheridan's average VA mortgage closing costs are $6,401.

The average rate for the prior week (2024-11-22) was 6.23% and one month ago for the week of 2024-10-25, the average rate was 5.93%.

The average rate one year ago was 6.97%.

For refis of the same type during the week of 2024-11-29, the average rate was -0.2%.

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

Sheridan 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 Sheridan level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 11 6.59% $5,162
UNITED WHOLESALE MORTGAGE, LLC 4 6.50% $7,938
Gateway First Bank 3 5.58% $6,961
NAVY FEDERAL CREDIT UNION 3 5.29% $6,971
AMERICAN PACIFIC MORTGAGE CORPORATION 2 5.38% $4,233
First Interstate Bank 2 6.88% $4,872
MUTUAL OF OMAHA MORTGAGE, INC. 2 7.25% $9,414
NEW DAY FINANCIAL, LLC 2 7.74% $24,446
QUICKEN LOANS, LLC 2 5.37% $12,385
The Federal Savings Bank 2 6.00% $22,321
USAA Federal Savings Bank 1 6.25% $2,185
FirstBank 1 7.63% $14,023
TOWNE MORTGAGE COMPANY 1 7.00% $13,920
NEWREZ LLC 1 7.25% $8,129
PENNYMAC LOAN SERVICES, LLC 1 5.75% $35,320
PENTAGON FEDERAL CREDIT UNION 1 5.63% $3,462
PLANET HOME LENDING, LLC 1 6.38% $6,295
Barrington Bank & Trust Company, N.A. 1 7.75% $24,179
RELIANCE FIRST CAPITAL, LLC 1 6.38% $14,405
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.63% $5,269
Glacier Bank 1 6.00% $43,167
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.75% $6,603
Mr. Cooper ( Nationstar Mortgage ) 1 6.13% $22,317

The top Sheridan VA lender as defined by loan originations is Mortgage Research Center, LLC, with 11 VA loans originated. Their average total fees are $5,162, which is $2,776 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Sheridan VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,162), .

The lowest rate Sheridan VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.59%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Sheridan (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 $282,500 (8.0%) $409,755 (14.1%) 0.00 181
2018-02-01 $288,675 (8.9%) $412,764 (13.4%) 0.00 169
2018-03-01 $299,500 (9.2%) $418,633 (9.3%) 0.00 162
2018-04-01 $311,225 (13.6%) $402,194 (10.7%) 0.00 183
2018-05-01 $325,000 (18.2%) $426,476 (15.7%) 0.00 195
2018-06-01 $324,000 (17.8%) $418,899 (13.0%) 0.00 231
2018-07-01 $294,750 (3.8%) $401,306 (5.8%) 0.00 234
2018-08-01 $298,625 (3.9%) $428,019 (11.1%) 0.00 233
2018-09-01 $295,000 (2.9%) $424,877 (5.4%) 0.00 236
2018-10-01 $297,375 (3.4%) $432,315 (4.0%) 0.00 232
2018-11-01 $289,673 (1.3%) $427,759 (4.3%) 0.00 206
2018-12-01 $289,950 (1.4%) $433,029 (4.8%) 0.00 185
2019-01-01 $285,000 (0.9%) $423,173 (3.3%) 0.00 185
2019-02-01 $287,000 (-0.6%) $420,212 (1.8%) 0.00 190
2019-03-01 $300,369 (0.3%) $426,920 (2.0%) 0.00 186
2019-04-01 $322,500 (3.6%) $444,597 (10.5%) 0.00 186
2019-05-01 $345,725 (6.4%) $485,635 (13.9%) 0.00 185
2019-06-01 $354,000 (9.3%) $482,840 (15.3%) 0.00 214
2019-07-01 $336,000 (14.0%) $471,865 (17.6%) 0.00 224
2019-08-01 $319,855 (7.1%) $451,019 (5.4%) 0.00 226
2019-09-01 $327,136 (10.9%) $454,026 (6.9%) 0.00 212
2019-10-01 $331,991 (11.6%) $455,287 (5.3%) 0.00 205
2019-11-01 $339,000 (17.0%) $458,007 (7.1%) 0.00 203
2019-12-01 $356,000 (22.8%) $477,028 (10.2%) 0.00 172
2020-01-01 $390,900 (37.2%) $530,012 (25.3%) 0.00 116
2020-02-01 $391,900 (36.6%) $540,171 (28.6%) 0.00 108
2020-03-01 $388,200 (29.2%) $545,666 (27.8%) 0.00 108
2020-04-01 $400,850 (24.3%) $558,097 (25.5%) 0.00 107
2020-05-01 $404,700 (17.1%) $564,518 (16.2%) 0.00 103
2020-06-01 $423,950 (19.8%) $594,565 (23.1%) 0.00 106
2020-07-01 $460,725 (37.1%) $615,284 (30.4%) 0.00 100
2020-08-01 $480,000 (50.1%) $629,699 (39.6%) 0.00 92
2020-09-01 $486,250 (48.6%) $699,933 (54.2%) 0.00 89
2020-10-01 $453,999 (36.8%) $756,010 (66.1%) 0.00 79
2020-11-01 $536,250 (58.2%) $795,077 (73.6%) 0.00 74
2020-12-01 $538,750 (51.3%) $823,679 (72.7%) 0.00 69
2021-01-01 $535,000 (36.9%) $838,638 (58.2%) 0.00 61
2021-02-01 $581,250 (48.3%) $863,847 (59.9%) 0.00 56
2021-03-01 $675,000 (73.9%) $1,032,815 (89.3%) 0.00 41
2021-04-01 $753,750 (88.0%) $1,059,398 (89.8%) 0.00 37
2021-05-01 $775,000 (91.5%) $954,202 (69.0%) 0.00 69
2021-06-01 $785,000 (85.2%) $944,681 (58.9%) 0.00 79
2021-07-01 $772,500 (67.7%) $911,132 (48.1%) 0.00 75
2021-08-01 $569,650 (18.7%) $936,463 (48.7%) 0.00 62
2021-09-01 $525,000 (8.0%) $809,169 (15.6%) 0.00 64
2021-10-01 $515,000 (13.4%) $855,582 (13.2%) 0.00 54
2021-11-01 $523,925 (-2.3%) $926,479 (16.5%) 0.00 53
2021-12-01 $538,350 (-0.1%) $870,813 (5.7%) 0.00 57
2022-01-01 $575,000 (7.5%) $905,964 (8.0%) 0.00 52
2022-02-01 $583,750 (0.4%) $1,003,082 (16.1%) 0.00 40
2022-03-01 $564,900 (-16.3%) $975,489 (-5.6%) 0.00 50
2022-04-01 $545,000 (-27.7%) $886,166 (-16.4%) 0.00 61
2022-05-01 $574,250 (-25.9%) $891,264 (-6.6%) 0.00 70
2022-06-01 $592,750 (-24.5%) $924,320 (-2.2%) 0.00 82
2022-07-01 $597,450 (-22.7%) $952,493 (4.5%) 0.00 100
2022-08-01 $598,000 (5.0%) $875,398 (-6.5%) 0.00 115
2022-09-01 $622,750 (18.6%) $863,758 (6.8%) 0.00 112
2022-10-01 $606,000 (17.7%) $820,156 (-4.1%) 0.00 116
2022-11-01 $605,850 (15.6%) $819,467 (-11.6%) 0.00 127
2022-12-01 $599,450 (11.4%) $777,781 (-10.7%) 0.00 116
2023-01-01 $512,375 (-10.9%) $692,406 (-23.6%) 0.00 96
2023-02-01 $588,325 (0.8%) $751,544 (-25.1%) 0.00 85
2023-03-01 $635,225 (12.5%) $825,887 (-15.3%) 0.00 73
2023-04-01 $659,900 (21.1%) $814,368 (-8.1%) 0.00 86
2023-05-01 $693,349 (20.7%) $885,258 (-0.7%) 0.00 106
2023-06-01 $666,595 (12.5%) $846,970 (-8.4%) 0.00 119
2023-07-01 $635,250 (6.3%) $783,961 (-17.7%) 0.00 126
2023-08-01 $618,325 (3.4%) $775,982 (-11.4%) 0.00 139
2023-09-01 $618,500 (-0.7%) $795,158 (-7.9%) 0.00 138
2023-10-01 $618,625 (2.1%) $779,791 (-4.9%) 0.00 142
2023-11-01 $593,375 (-2.1%) $775,685 (-5.3%) 0.00 132
2023-12-01 $585,450 (-2.3%) $753,192 (-3.2%) 0.00 113
2024-01-01 $570,225 (11.3%) $767,229 (10.8%) 0.00 94
2024-02-01 $589,000 (0.1%) $815,614 (8.5%) 0.00 94
2024-03-01 $625,000 (-1.6%) $905,826 (9.7%) 0.00 113
2024-04-01 $624,950 (-5.3%) $985,213 (21.0%) 0.00 115
2024-05-01 $622,500 (-10.2%) $957,392 (8.2%) 0.00 127
2024-06-01 $589,000 (-11.6%) $841,678 (-0.6%) 0.00 195
2024-07-01 $589,000 (-7.3%) $811,377 (3.5%) 0.00 197
2024-08-01 $579,350 (-6.3%) $811,987 (4.6%) 0.00 178
2024-09-01 $578,263 (-6.5%) $814,999 (2.5%) 0.00 171
2024-10-01 $574,175 (-7.2%) $838,405 (7.5%) 0.00 159
Sheridan's median listing price for 2024-10-01 was $574,175, a difference of $-44,450 (-7.2%) versus the prior year and $-4,088 versus the prior month.

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

Sheridan's average listing price for 2024-10-01 was $838,405, a difference of $58,614 (7.5%) versus the prior year and $23,406 versus the prior month.

For the 2024-10-01 period, Sheridan had 159 MLS listings, a difference of -12 listings (-7%) versus the prior month and 17 listings (12%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Sheridan (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,839 sqft
2018-02-01 0 days 1,880 sqft
2018-03-01 0 days 1,875 sqft
2018-04-01 0 days 1,889 sqft
2018-05-01 0 days 1,948 sqft
2018-06-01 0 days 1,903 sqft
2018-07-01 0 days 1,832 sqft
2018-08-01 0 days 2,009 sqft
2018-09-01 0 days 1,988 sqft
2018-10-01 0 days 2,005 sqft
2018-11-01 0 days 1,976 sqft
2018-12-01 0 days 1,965 sqft
2019-01-01 0 days 1,906 sqft
2019-02-01 0 days 1,934 sqft
2019-03-01 0 days 1,946 sqft
2019-04-01 0 days 1,988 sqft
2019-05-01 0 days 2,082 sqft
2019-06-01 0 days 2,239 sqft
2019-07-01 0 days 2,055 sqft
2019-08-01 0 days 1,999 sqft
2019-09-01 0 days 2,000 sqft
2019-10-01 0 days 2,000 sqft
2019-11-01 0 days 1,962 sqft
2019-12-01 0 days 2,014 sqft
2020-01-01 0 days 1,873 sqft
2020-02-01 0 days 1,863 sqft
2020-03-01 0 days 1,868 sqft
2020-04-01 0 days 1,947 sqft
2020-05-01 0 days 2,178 sqft
2020-06-01 0 days 2,313 sqft
2020-07-01 0 days 2,148 sqft
2020-08-01 0 days 2,112 sqft
2020-09-01 0 days 2,162 sqft
2020-10-01 0 days 2,100 sqft
2020-11-01 0 days 2,118 sqft
2020-12-01 0 days 1,959 sqft
2021-01-01 0 days 1,912 sqft
2021-02-01 0 days 2,077 sqft
2021-03-01 0 days 2,151 sqft
2021-04-01 0 days 2,373 sqft
2021-05-01 0 days 2,238 sqft
2021-06-01 0 days 2,238 sqft
2021-07-01 0 days 2,238 sqft
2021-08-01 0 days 2,232 sqft
2021-09-01 0 days 2,201 sqft
2021-10-01 0 days 2,264 sqft
2021-11-01 0 days 2,245 sqft
2021-12-01 0 days 2,146 sqft
2022-01-01 0 days 2,146 sqft
2022-02-01 0 days 2,146 sqft
2022-03-01 0 days 2,146 sqft
2022-04-01 0 days 2,146 sqft
2022-05-01 0 days 2,199 sqft
2022-06-01 0 days 2,165 sqft
2022-07-01 0 days 2,250 sqft
2022-08-01 0 days 2,400 sqft
2022-09-01 0 days 2,357 sqft
2022-10-01 0 days 2,248 sqft
2022-11-01 0 days 2,241 sqft
2022-12-01 0 days 2,076 sqft
2023-01-01 0 days 1,894 sqft
2023-02-01 0 days 2,017 sqft
2023-03-01 0 days 2,111 sqft
2023-04-01 0 days 2,133 sqft
2023-05-01 0 days 2,340 sqft
2023-06-01 0 days 2,350 sqft
2023-07-01 0 days 2,199 sqft
2023-08-01 0 days 2,164 sqft
2023-09-01 0 days 2,068 sqft
2023-10-01 0 days 2,141 sqft
2023-11-01 0 days 2,000 sqft
2023-12-01 0 days 1,969 sqft
2024-01-01 0 days 1,966 sqft
2024-02-01 0 days 2,075 sqft
2024-03-01 0 days 2,125 sqft
2024-04-01 0 days 2,193 sqft
2024-05-01 0 days 2,230 sqft
2024-06-01 0 days 2,070 sqft
2024-07-01 0 days 1,992 sqft
2024-08-01 0 days 2,184 sqft
2024-09-01 0 days 2,200 sqft
2024-10-01 0 days 2,200 sqft
Sheridan's median listing age (time on market) for 2024-10-01 was 0 days.

Sheridan's median square footage for active listings during the 2024-10-01 period was 2,200 sqft. One year prior, the average listing was 2,141 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.