Sheridan Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Sheridan averaged 6.79% for the week of 2023-03-23, compared to the national average of 6.42% for the same period.

    The average rate for the prior week (2023-03-16) was 6.57% and one month ago for the week of 2023-02-16, the average rate was 6.39%.

    Sheridan's average rate one year ago was 3.84%.

    For refis of the same type during the week of 2023-03-23, the average rate was 6.96%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-23 6.42%
    Sheridan 30 Year Fixed Rate 2023-03-23 6.79%
    Sheridan 30 Year Fixed Rate Refi 2023-03-23 6.96%
    Sheridan 15 Year Fixed Rate 2023-03-23 6.14%
    Sheridan 15 Year Fixed Rate Refi 2023-03-23 6.01%
    Sheridan 30 Year FHA 2023-03-23 6.26%
    Sheridan 30 Year FHA Refi 2023-03-23 5.77%
    Sheridan 30 Year USDA 2023-03-23 6.16%
    Sheridan 30 Year USDA Refi 2023-03-23 5.66%
    Sheridan 30 Year VA 2023-03-23 6.32%
    Sheridan 30 Year VA Refi 2023-03-23 5.54%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Sheridan, WY.

    Sheridan Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Sheridan, WY market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    First Interstate Bank 41 4.78% $4,178
    Gateway First Bank 30 5.47% $3,601
    Glacier Bank 21 4.67% $6,561
    QUICKEN LOANS, LLC 16 4.47% $6,642
    AMERICAN PACIFIC MORTGAGE CORPORATION 15 6.18% $6,181
    CHERRY CREEK MORTGAGE, LLC 10 3.70% $999
    HOMESTAR FINANCIAL CORPORATION 9 4.97% $6,722
    LOANDEPOT.COM, LLC 8 3.31% $7,366
    U.S. Bank 6 4.42% $3,928
    Wells Fargo Bank 6 4.75% $3,421
    FREEDOM MORTGAGE CORPORATION 5 4.78% $5,051
    Stifel Bank and Trust 4 3.69% $2,362
    Mr. Cooper ( Nationstar Mortgage ) 4 5.84% $6,785
    AMERISAVE MORTGAGE CORPORATION 4 3.97% $9,728
    BETTER MORTGAGE CORPORATION 4 3.75% $4,980
    JPMorgan Chase Bank 3 4.49% $4,041
    UNITED WHOLESALE MORTGAGE, LLC 3 5.32% $6,266
    AMERICAN FINANCING CORPORATION 3 4.42% $4,849
    Meridian Trust Federal Credit Union 3 4.32% $4,627
    Bank of the West 3 5.17% $3,567
    KeyBank 3 3.25% $2,733
    Bank of America 2 4.25% $4,289
    BAY EQUITY LLC 2 4.06% $3,977
    Flagstar Bank, FSB 2 5.81% $4,625
    MUTUAL OF OMAHA MORTGAGE, INC. 2 4.44% $9,143
    NAVY FEDERAL CREDIT UNION 2 5.25% $2,487
    PENNYMAC LOAN SERVICES, LLC 2 4.31% $8,379
    USAA Federal Savings Bank 1 5.00% $23,510
    Flanagan State Bank 1 5.38% $10,387
    FRANKLIN MINT 1 3.88% $3,430
    Dollar Bank, Federal Savings Bank 1 3.88% $4,338
    Discover Bank 1 4.49% $0
    DATA MORTGAGE, INC. 1 4.38% $4,193
    HOME POINT FINANCIAL CORPORATION 1 3.49% $2,186
    Core Bank 1 3.99% $2,555
    Independent Bank 1 5.75% $2,984
    Colonial Savings, F.A. 1 3.88% $8,184
    CMG MORTGAGE, INC. 1 3.50% $6,508
    CHURCHILL MORTGAGE CORPORATION 1 3.88% $4,338
    Loan Simple, Inc. 1 7.63% $4,174
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 6.99% $11,017
    Morgan Stanley Private Bank 1 3.65% $3,726
    Mortgage Research Center, LLC 1 2.75% $8,542
    CALIBER HOME LOANS, INC. 1 4.99% $4,285
    Amerifirst Financial, Inc. 1 3.25% $3,748
    VAN DYK MORTGAGE CORPORATION 1 3.50% $5,713
    NBH Bank 1 6.13% $5,010
    North American Savings Bank, F.S.B. 1 5.63% $544
    Ally Bank 1 4.50% $6,094
    PREMIA MORTGAGE, LLC 1 3.50% $0
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 3.38% $3,337
    BROKER SOLUTIONS, INC. 1 6.63% $3,281
    RELIANCE FIRST CAPITAL, LLC 1 5.75% $12,681
    Starion Bank 1 4.00% $8,426
    ACADEMY MORTGAGE CORPORATION 1 7.38% $3,403
    The Huntington National Bank 1 6.00% $8,542
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.38% $7,334
    First Home Bank 1 3.50% $6,951
    Farm Credit Mid-America, ACA 1 4.00% $8,485
    First National Bank of Omaha 1 3.13% $2,249
    First Western Trust Bank 1 5.25% $2,375

    Sheridan Average Closing Costs & Other Stats

    Sheridan, WY's 61 lenders originated 775 loans during 2022. The total origination value was $240,775,000, with an average loan value of $310,677.

    Sheridan's average closing costs are $5,048.

    The top Sheridan lender as defined by loan originations is First Interstate Bank, with 41 loans originated. Their average total fees are $4,178, which is $576 higher than the next largest lender, Gateway First Bank.

    The lowest fee Sheridan lenders (with over 10 loans originated) are CHERRY CREEK MORTGAGE, LLC ($999), Gateway First Bank ($3,601), First Interstate Bank ($4,178), AMERICAN PACIFIC MORTGAGE CORPORATION ($6,181) and Glacier Bank ($6,561).

    The lowest rate Sheridan lenders (with over 10 loans originated) are CHERRY CREEK MORTGAGE, LLC (3.70%), QUICKEN LOANS, LLC (4.47%), Glacier Bank (4.67%), First Interstate Bank (4.78%) and Gateway First Bank (5.47%).

    Sheridan, WY Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    First Interstate Bank $65,585,000 $34,520,000 -47.4% 14.3%
    Glacier Bank $10,215,000 $24,775,000 142.5% 10.3%
    Gateway First Bank $21,145,000 $12,850,000 -39.2% 5.3%
    QUICKEN LOANS, LLC $30,175,000 $9,860,000 -67.3% 4.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $525,000 $8,370,000 1,494.3% 3.5%
    HOMESTAR FINANCIAL CORPORATION $7,170,000 n/a 3.0%
    CHERRY CREEK MORTGAGE, LLC $22,440,000 $5,830,000 -74.0% 2.4%
    USAA Federal Savings Bank $2,690,000 $4,120,000 53.2% 1.7%
    LOANDEPOT.COM, LLC $6,560,000 $3,545,000 -46.0% 1.5%
    U.S. Bank $9,235,000 $3,425,000 -62.9% 1.4%
    Mortgage Research Center, LLC $5,790,000 $3,025,000 -47.8% 1.3%
    Stifel Bank and Trust $11,095,000 $2,680,000 -75.8% 1.1%
    AMERISAVE MORTGAGE CORPORATION $2,100,000 $2,630,000 25.2% 1.1%
    Wells Fargo Bank $4,740,000 $2,570,000 -45.8% 1.1%
    FREEDOM MORTGAGE CORPORATION $13,755,000 $2,470,000 -82.0% 1.0%
    American State Bank $2,455,000 n/a 1.0%
    First Republic Bank $2,005,000 n/a 0.8%
    UNITED WHOLESALE MORTGAGE, LLC $3,900,000 $1,950,000 -50.0% 0.8%
    PENNYMAC LOAN SERVICES, LLC $3,370,000 $1,935,000 -42.6% 0.8%
    KeyBank $1,665,000 n/a 0.7%
    CROSSCOUNTRY MORTGAGE, LLC $545,000 $1,630,000 199.1% 0.7%
    BETTER MORTGAGE CORPORATION $1,925,000 $1,615,000 -16.1% 0.7%
    NAVY FEDERAL CREDIT UNION $555,000 $1,440,000 159.5% 0.6%
    Meridian Trust Federal Credit Union $115,000 $1,435,000 1,147.8% 0.6%
    CMG MORTGAGE, INC. $1,095,000 $1,385,000 26.5% 0.6%
    JPMorgan Chase Bank $785,000 $1,275,000 62.4% 0.5%
    Bank of the West $1,675,000 $1,235,000 -26.3% 0.5%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $1,180,000 n/a 0.5%
    Morgan Stanley Private Bank $555,000 $1,180,000 112.6% 0.5%
    Bank of America $2,015,000 $1,105,000 -45.2% 0.5%
    NEW DAY FINANCIAL, LLC $2,635,000 $1,015,000 -61.5% 0.4%
    AMERICAN FINANCING CORPORATION $1,650,000 $1,010,000 -38.8% 0.4%
    MUTUAL OF OMAHA MORTGAGE, INC. $525,000 $945,000 80.0% 0.4%
    Mr. Cooper ( Nationstar Mortgage ) $2,440,000 $930,000 -61.9% 0.4%
    The Federal Savings Bank $225,000 $925,000 311.1% 0.4%
    TJC Mortgage, Inc. $835,000 n/a 0.3%
    BROKER SOLUTIONS, INC. $1,040,000 $765,000 -26.4% 0.3%
    TOWNE MORTGAGE COMPANY $680,000 n/a 0.3%
    FRANKLIN MINT $675,000 n/a 0.3%
    Farm Credit Mid-America, ACA $95,000 $665,000 600.0% 0.3%
    Armed Forces Bank $655,000 n/a 0.3%
    HIGHMARK $235,000 $645,000 174.5% 0.3%
    Ally Bank $625,000 n/a 0.3%
    Flagstar Bank, FSB $1,930,000 $625,000 -67.6% 0.3%
    Flanagan State Bank $615,000 n/a 0.3%
    Discover Bank $610,000 n/a 0.3%
    Starion Bank $575,000 n/a 0.2%
    Amerifirst Financial, Inc. $555,000 n/a 0.2%
    CHURCHILL MORTGAGE CORPORATION $550,000 n/a 0.2%
    Colonial Savings, F.A. $535,000 n/a 0.2%
    BAY EQUITY LLC $3,690,000 $525,000 -85.8% 0.2%
    Wallick & Volk, Inc. $525,000 n/a 0.2%
    First Western Trust Bank $515,000 n/a 0.2%
    Loan Simple, Inc. $355,000 $475,000 33.8% 0.2%
    First Guaranty Mortgage Corporation $3,350,000 $465,000 -86.1% 0.2%
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY $455,000 n/a 0.2%
    Plains Commerce Bank $550,000 $455,000 -17.3% 0.2%
    FINANCE OF AMERICA REVERSE LLC $275,000 $435,000 58.2% 0.2%
    AMERICAN ADVISORS GROUP $1,100,000 $420,000 -61.8% 0.2%
    LONGBRIDGE FINANCIAL, LLC $385,000 n/a 0.2%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,060,000 $365,000 -65.6% 0.2%
    PREMIER MORTGAGE RESOURCES, L.L.C. $365,000 n/a 0.2%
    NBH Bank $355,000 n/a 0.1%
    Stockmens Bank $355,000 n/a 0.1%
    Barrington Bank & Trust Company, N.A. $350,000 n/a 0.1%
    The Huntington National Bank $495,000 $345,000 -30.3% 0.1%
    ACADEMY MORTGAGE CORPORATION $335,000 n/a 0.1%
    Low VA Rates, LLC $460,000 $315,000 -31.5% 0.1%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $315,000 n/a 0.1%
    Hilltop National Bank $230,000 $305,000 32.6% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $1,085,000 $305,000 -71.9% 0.1%
    T2 FINANCIAL LLC $305,000 n/a 0.1%
    Magnolia Bank $225,000 $285,000 26.7% 0.1%
    VAN DYK MORTGAGE CORPORATION $285,000 n/a 0.1%
    Adams Bank & Trust $275,000 n/a 0.1%
    HOME POINT FINANCIAL CORPORATION $415,000 $275,000 -33.7% 0.1%
    NEWREZ LLC $430,000 $275,000 -36.0% 0.1%
    DATA MORTGAGE, INC. $255,000 n/a 0.1%
    North American Savings Bank, F.S.B. $830,000 $255,000 -69.3% 0.1%
    Pioneer Bank & Trust $245,000 $245,000 0.0% 0.1%
    Core Bank $235,000 n/a 0.1%
    Dollar Bank, Federal Savings Bank $235,000 n/a 0.1%
    Independent Bank $235,000 n/a 0.1%
    PHH Mortgage Corporation $235,000 n/a 0.1%
    RELIANCE FIRST CAPITAL, LLC $305,000 $225,000 -26.2% 0.1%
    PREMIA MORTGAGE, LLC $215,000 n/a 0.1%
    First National Bank of Omaha $195,000 n/a 0.1%
    WYHY $355,000 $195,000 -45.1% 0.1%
    Opportunity Bank of Montana $185,000 n/a 0.1%
    WINGS FINANCIAL $180,000 n/a 0.1%
    First Home Bank $770,000 $175,000 -77.3% 0.1%
    21ST MORTGAGE CORPORATION $130,000 n/a 0.1%
    CALIBER HOME LOANS, INC. $590,000 $125,000 -78.8% 0.1%
    Carrington Mortgage Services, LLC $1,845,000 $115,000 -93.8% 0.0%
    TRIAD FINANCIAL SERVICES, INC. $50,000 n/a 0.0%
    ANB Bank $400,000 $45,000 -88.8% 0.0%

    Sheridan's top lender by overall market share is First Interstate Bank, with 14.3% market share. In second place, with 10.3%, is Glacier Bank, having originated $24,775,000 in loans. In third place, with 5.3%, is Gateway First Bank, having originated $12,850,000 in loans. In fourth place, with 4.1%, is QUICKEN LOANS, LLC, having originated $9,860,000 in loans. In fifth place, with 3.5%, is AMERICAN PACIFIC MORTGAGE CORPORATION, having originated $8,370,000 in loans.

    Sheridan Housing Market Trends (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 (9.3%) $418,633 (9.7%) 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 $579,000 (-0.4%) $985,018 (14.0%) 0.00 41
    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 (1.6%) $751,544 (-23.7%) 0.00 85
    Sheridan's median listing price for 2023-02-01 was $588,325, a difference of $9,325 (1.6%) versus the prior year and $75,950 versus the prior month.

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

    Sheridan's average listing price for 2023-02-01 was $751,544, a difference of $-233,474 (-23.7%) versus the prior year and $59,138 versus the prior month.

    For the 2023-02-01 period, Sheridan had 85 MLS listings, a difference of -11 listings (-11%) versus the prior month and 44 listings (107%) 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 1,998 sqft
    2019-09-01 0 days 1,998 sqft
    2019-10-01 0 days 1,997 sqft
    2019-11-01 0 days 1,960 sqft
    2019-12-01 0 days 1,993 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
    Sheridan's median listing age (time on market) for 2023-02-01 was 0 days.

    Sheridan's median square footage for active listings during the 2023-02-01 period was 2,017 sqft. One year prior, the average listing was 2,146 sqft.

    Sheridan, WY Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 401 $148,755,000 $370,960
    Cash Out Refi 162 $46,180,000 $285,062
    Refi 102 $30,200,000 $296,078
    Home Improvement 73 $7,815,000 $107,055
    Other 37 $7,825,000 $211,486

    Sheridan's most frequently cited loan purpose was Home Purchase, with 401 originations. The 2nd most popular reason was Cash Out Refi, with 162 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    4-5% 204 $70,190,000 $344,069
    5-6% 193 $57,445,000 $297,642
    3-4% 187 $65,295,000 $349,171
    6-7% 81 $18,945,000 $233,889
    2.5-3% 42 $16,450,000 $391,667
    7-8% 28 $4,400,000 $157,143
    <2.5% 24 $3,210,000 $133,750
    Over 8% 9 $775,000 $86,111

    During 2022, Sheridan's most frequently originated rate bucket was 4-5%, with 204 originations.

    Loan Sizing (Sheridan, WY MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 355 $100,755,000 $283,817
    $100k-200k 153 $22,915,000 $149,771
    $100,000 or less 109 $5,895,000 $54,083
    $400k-600k 91 $43,945,000 $482,912
    $600k-1000k 52 $37,690,000 $724,808
    $Over $1MM 15 $29,575,000 $1,971,667

    Sheridan's loan sizing saw the bucket of loans from $200k-400k with 355 originations, totaling $100,755,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 228 $85,450,000 $374,781
    60-80% 214 $80,100,000 $374,299
    40-60% 124 $44,370,000 $357,823
    Under 20% 95 $6,675,000 $70,263
    20-40% 89 $15,115,000 $169,831
    Over 100% 11 $3,885,000 $353,182

    Sheridan's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 228 originations, totaling $85,450,000 in origination value.