Sheridan Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Sheridan averaged 6.61% for the week of 2025-04-03, compared to the national average of 6.64% for the same period.

The average rate for the prior week (2025-03-27) was 6.82% and one month ago for the week of 2025-02-27, the average rate was 6.83%.

Sheridan's average rate one year ago was 6.86%.

For refis of the same type during the week of 2025-04-03, the average rate was 7.24%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Century Mortgage Company DBA Century Lending Company 29 6.64% $6,252
UNITED WHOLESALE MORTGAGE, LLC 20 7.00% $9,471
AMERICAN PACIFIC MORTGAGE CORPORATION 17 6.87% $8,028
QUICKEN LOANS, LLC 15 6.35% $8,949
Glacier Bank 11 6.49% $5,898
Plains Commerce Bank 5 6.38% $8,284
Wells Fargo Bank 3 6.63% $4,751
First Interstate Bank 3 7.00% $4,057
JPMorgan Chase Bank 2 7.43% $2,550
BAY EQUITY LLC 2 6.81% $8,252
GUARANTEED RATE, INC. 2 6.43% $5,413
Stifel Bank and Trust 2 5.81% $2,650
PENNYMAC LOAN SERVICES, LLC 2 6.25% $11,322
The Loan Store, Inc. 2 6.75% $4,804
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.56% $3,225
Mr. Cooper ( Nationstar Mortgage ) 2 6.81% $7,532
CMG MORTGAGE, INC. 2 6.49% $5,685
Jonah Bank of Wyoming 2 6.13% $10,192
Starion Bank 1 5.88% $2,403
The Huntington National Bank 1 6.63% $4,277
U.S. Bank 1 6.63% $3,330
V.I.P. MORTGAGE, INC. 1 4.25% $3,784
Morgan Stanley Private Bank 1 6.20% $3,115
BLACK HILLS FEDERAL CREDIT UNION 1 8.50% $4,527
Blue Federal Credit Union 1 7.13% $5,130
BROKER SOLUTIONS, INC. 1 7.63% $7,136
Commerce Home Mortgage, Inc. 1 7.13% $17,275
DEEPHAVEN MORTGAGE LLC 1 7.25% $6,269
F&A Federal Credit Union 1 5.75% $1,268
Gateway First Bank 1 6.00% $19,641
GUILD MORTGAGE COMPANY 1 6.63% $3,645
LOANDEPOT.COM, LLC 1 7.13% $9,297
MICHIGAN MUTUAL, INC. 1 6.13% $8,622
ALLIANT CREDIT UNION 1 6.75% $2,366
Mortgage Research Center, LLC 1 6.38% $12,892
NAVY FEDERAL CREDIT UNION 1 6.63% $1,028
PHH Mortgage Corporation 1 5.63% $8,480
Pinnacle Bank - Wyoming 1 6.50% $8,036
PLAZA HOME MORTGAGE, INC. 1 7.75% $12,547
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.99% $7,218

Sheridan Average Closing Costs & Other Stats

Sheridan, WY's 40 lenders originated 476 loans during 2024. The total origination value was $148,240,000, with an average loan value of $311,429.

Sheridan's average closing costs are $5,655.

The top Sheridan lender as defined by loan originations is Century Mortgage Company DBA Century Lending Company, with 29 loans originated. Their average total fees are $6,252, which is $3,219 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Sheridan lenders (with over 10 loans originated) are Glacier Bank ($5,898), Century Mortgage Company DBA Century Lending Company ($6,252), AMERICAN PACIFIC MORTGAGE CORPORATION ($8,028), QUICKEN LOANS, LLC ($8,949) and UNITED WHOLESALE MORTGAGE, LLC ($9,471).

The lowest rate Sheridan lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.35%), Glacier Bank (6.49%), Century Mortgage Company DBA Century Lending Company (6.64%), AMERICAN PACIFIC MORTGAGE CORPORATION (6.87%) and UNITED WHOLESALE MORTGAGE, LLC (7.00%).

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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
Century Mortgage Company DBA Century Lending Company $900,000 $22,765,000 2,429.4% 15.4%
UNITED WHOLESALE MORTGAGE, LLC $2,925,000 $15,245,000 421.2% 10.3%
Glacier Bank $10,085,000 $14,985,000 48.6% 10.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $9,310,000 $11,060,000 18.8% 7.5%
QUICKEN LOANS, LLC $7,140,000 $10,580,000 48.2% 7.1%
Little Horn State Bank $6,345,000 n/a 4.3%
Mortgage Research Center, LLC $5,300,000 $4,545,000 -14.2% 3.1%
JONES LANG LASALLE MULTIFAMILY, LLC $4,005,000 n/a 2.7%
First Interstate Bank $11,010,000 $3,685,000 -66.5% 2.5%
Plains Commerce Bank $2,875,000 n/a 1.9%
MUTUAL OF OMAHA MORTGAGE, INC. $1,390,000 $2,870,000 106.5% 1.9%
CMG MORTGAGE, INC. $2,560,000 n/a 1.7%
U.S. Bank $1,975,000 $2,060,000 4.3% 1.4%
USAA Federal Savings Bank $990,000 $2,050,000 107.1% 1.4%
PENNYMAC LOAN SERVICES, LLC $580,000 $1,915,000 230.2% 1.3%
Mr. Cooper ( Nationstar Mortgage ) $770,000 $1,910,000 148.1% 1.3%
FREEDOM MORTGAGE CORPORATION $175,000 $1,805,000 931.4% 1.2%
NAVY FEDERAL CREDIT UNION $2,055,000 $1,520,000 -26.0% 1.0%
LOANDEPOT.COM, LLC $415,000 $1,500,000 261.4% 1.0%
NEWREZ LLC $1,020,000 $1,435,000 40.7% 1.0%
DEEPHAVEN MORTGAGE LLC $1,380,000 n/a 0.9%
BAY EQUITY LLC $1,165,000 $1,345,000 15.5% 0.9%
Stifel Bank and Trust $1,285,000 $1,330,000 3.5% 0.9%
PLAZA HOME MORTGAGE, INC. $1,170,000 n/a 0.8%
Wells Fargo Bank $2,820,000 $1,120,000 -60.3% 0.8%
PENTAGON FEDERAL CREDIT UNION $425,000 $1,090,000 156.5% 0.7%
The Federal Savings Bank $720,000 $1,075,000 49.3% 0.7%
TJC Mortgage, Inc. $995,000 n/a 0.7%
Servion, Inc. $185,000 $965,000 421.6% 0.7%
The Huntington National Bank $915,000 n/a 0.6%
Jonah Bank of Wyoming $980,000 $905,000 -7.7% 0.6%
BROKER SOLUTIONS, INC. $235,000 $815,000 246.8% 0.5%
The Loan Store, Inc. $665,000 n/a 0.4%
TOWN AND COUNTRY Credit Union $635,000 n/a 0.4%
JPMorgan Chase Bank $940,000 $630,000 -33.0% 0.4%
TrailWest Bank $630,000 n/a 0.4%
Figure Lending LLC $120,000 $605,000 404.2% 0.4%
Morgan Stanley Private Bank $1,305,000 $605,000 -53.6% 0.4%
Pinnacle Bank - Wyoming $165,000 $590,000 257.6% 0.4%
HOMEXPRESS MORTGAGE CORP. $585,000 n/a 0.4%
Equity Prime Mortgage LLC $560,000 n/a 0.4%
GUARANTEED RATE, INC. $550,000 n/a 0.4%
Starion Bank $545,000 n/a 0.4%
Commerce Home Mortgage, Inc. $135,000 $535,000 296.3% 0.4%
ALLIANT CREDIT UNION $505,000 n/a 0.3%
LAKEVIEW LOAN SERVICING, LLC $225,000 $505,000 124.4% 0.3%
BMO Harris Bank $585,000 $455,000 -22.2% 0.3%
F&A Federal Credit Union $455,000 n/a 0.3%
PHH Mortgage Corporation $145,000 $445,000 206.9% 0.3%
PRIMELENDING, A PLAINSCAPITAL COMPANY $425,000 n/a 0.3%
MICHIGAN MUTUAL, INC. $415,000 n/a 0.3%
North American Savings Bank, F.S.B. $415,000 n/a 0.3%
Gateway First Bank $12,685,000 $405,000 -96.8% 0.3%
Barrington Bank & Trust Company, N.A. $375,000 $385,000 2.7% 0.3%
Truist $315,000 n/a 0.2%
WYHY $315,000 n/a 0.2%
NEW DAY FINANCIAL, LLC $770,000 $305,000 -60.4% 0.2%
Bank of Colorado $155,000 $275,000 77.4% 0.2%
Blue Federal Credit Union $705,000 $275,000 -61.0% 0.2%
Bank of America $2,040,000 $255,000 -87.5% 0.2%
Discover Bank $230,000 n/a 0.2%
AMERISAVE MORTGAGE CORPORATION $575,000 $225,000 -60.9% 0.2%
Home Mortgage Alliance Corp $225,000 n/a 0.2%
V.I.P. MORTGAGE, INC. $425,000 $225,000 -47.1% 0.2%
GUILD MORTGAGE COMPANY $870,000 $210,000 -75.9% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $195,000 n/a 0.1%
BLACK HILLS FEDERAL CREDIT UNION $185,000 n/a 0.1%
Altana Federal Credit Union $145,000 n/a 0.1%
MID AMERICA MORTGAGE, INC. $135,000 n/a 0.1%
UMB Bank $325,000 $135,000 -58.5% 0.1%
ANB Bank $80,000 $90,000 12.5% 0.1%
21ST MORTGAGE CORPORATION $45,000 $55,000 22.2% 0.0%
TRIAD FINANCIAL SERVICES, INC. $25,000 $55,000 120.0% 0.0%
MEMBER FIRST MORTGAGE, LLC $295,000 $35,000 -88.1% 0.0%
CHARTWAY FEDERAL CREDIT UNION $25,000 n/a 0.0%
Coastal Community Bank $245,000 $25,000 -89.8% 0.0%

Sheridan's top lender by overall market share is Century Mortgage Company DBA Century Lending Company, with 15.4% market share. In second place, with 10.3%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $15,245,000 in loans. In third place, with 10.1%, is Glacier Bank, having originated $14,985,000 in loans. In fourth place, with 7.5%, is AMERICAN PACIFIC MORTGAGE CORPORATION, having originated $11,060,000 in loans. In fifth place, with 7.1%, is QUICKEN LOANS, LLC, having originated $10,580,000 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 (9.2%) $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
2024-11-01 $549,000 (-7.5%) $881,421 (13.6%) 0.00 151
2024-12-01 $539,450 (-7.9%) $918,196 (21.9%) 0.00 125
2025-01-01 $526,225 (-7.7%) $925,893 (20.7%) 0.00 117
2025-02-01 $499,750 (-15.2%) $883,596 (8.3%) 0.00 122
2025-03-01 $495,000 (-20.8%) $883,184 (-2.5%) 0.00 116
Sheridan's median listing price for 2025-03-01 was $495,000, a difference of $-130,000 (-20.8%) versus the prior year and $-4,750 versus the prior month.

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

Sheridan's average listing price for 2025-03-01 was $883,184, a difference of $-22,642 (-2.5%) versus the prior year and $-412 versus the prior month.

For the 2025-03-01 period, Sheridan had 116 MLS listings, a difference of -6 listings (-5%) versus the prior month and 3 listings (3%) 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 1,997 sqft
2023-12-01 0 days 1,949 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
2024-11-01 0 days 2,200 sqft
2024-12-01 0 days 2,200 sqft
2025-01-01 0 days 2,200 sqft
2025-02-01 0 days 2,068 sqft
2025-03-01 0 days 1,907 sqft
Sheridan's median listing age (time on market) for 2025-03-01 was 0 days.

Sheridan's median square footage for active listings during the 2025-03-01 period was 1,907 sqft. One year prior, the average listing was 2,125 sqft.

Sheridan, WY Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 265 $96,725,000 $365,000
Cash Out Refi 72 $21,380,000 $296,944
Refi 54 $20,750,000 $384,259
Home Improvement 45 $5,475,000 $121,667
Other 40 $3,910,000 $97,750

Sheridan's most frequently cited loan purpose was Home Purchase, with 265 originations. The 2nd most popular reason was Cash Out Refi, with 72 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 164 $58,500,000 $356,707
Over 8% 114 $12,640,000 $110,877
5-6% 86 $36,810,000 $428,023
7-8% 76 $27,960,000 $367,895
4-5% 12 $4,450,000 $370,833
<2.5% 9 $85,000 $9,444
3-4% 1 $505,000 $505,000
2.5-3% 1 $315,000 $315,000

During 2024, Sheridan's most frequently originated rate bucket was 6-7%, with 164 originations.

Loan Sizing (Sheridan, WY MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 192 $57,910,000 $301,615
$100,000 or less 100 $4,930,000 $49,300
$400k-600k 91 $43,505,000 $478,077
$100k-200k 58 $8,630,000 $148,793
$600k-1000k 28 $20,290,000 $724,643
$Over $1MM 7 $12,975,000 $1,853,571

Sheridan's loan sizing saw the bucket of loans from $200k-400k with 192 originations, totaling $57,910,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 168 $65,610,000 $390,536
Under 20% 96 $5,740,000 $59,792
60-80% 78 $37,770,000 $484,231
40-60% 55 $15,965,000 $290,273
20-40% 48 $8,200,000 $170,833
Over 100% 11 $5,445,000 $495,000

Sheridan's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 168 originations, totaling $65,610,000 in origination value.