Sheridan Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Sheridan averaged
6.73%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.56% and
one month ago for the week of 2024-10-03, the
average rate was 5.66%.
Sheridan's average rate one year ago was 7.6%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.09%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Sheridan 30 Year Fixed Rate | 2024-11-07 | 6.73% |
| Sheridan 30 Year Fixed Rate Refi | 2024-11-07 | 7.09% |
| Sheridan 15 Year Fixed Rate | 2024-11-07 | 6.1% |
| Sheridan 15 Year Fixed Rate Refi | 2024-11-07 | 6.1% |
| Sheridan 30 Year FHA | 2024-11-07 | 6.23% |
| Sheridan 30 Year FHA Refi | 2024-11-07 | 6.63% |
| Sheridan 30 Year USDA | 2024-11-07 | 6.28% |
| Sheridan 30 Year USDA Refi | 2024-11-07 | 6.68% |
| Sheridan 30 Year VA | 2024-11-07 | 6.54% |
| Sheridan 30 Year VA Refi | 2024-11-07 | 6.34% |
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.).
Sheridan Average Closing Costs & Other Stats
Sheridan, WY's 37 lenders originated 453
loans during 2023. The total origination value was $135,165,000, with an average loan value of
$298,377.
Sheridan's average closing costs are $5,334.
The top Sheridan lender as defined by loan originations is Gateway First Bank, with
29 loans originated. Their average total fees are
$5,600, which is $388
higher than the next largest lender,
AMERICAN PACIFIC MORTGAGE CORPORATION.
The lowest fee Sheridan lenders (with over 10 loans originated) are
First Interstate Bank ($4,734), AMERICAN PACIFIC MORTGAGE CORPORATION ($5,212), Gateway First Bank ($5,600), Glacier Bank ($6,103) and QUICKEN LOANS, LLC ($8,354).
The lowest rate Sheridan lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.35%), Gateway First Bank (6.50%), First Interstate Bank (6.58%), AMERICAN PACIFIC MORTGAGE CORPORATION (6.94%) and Glacier Bank (7.21%).
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| Gateway First Bank | $12,850,000 | $12,685,000 | -1.3% | 9.4% |
| First Interstate Bank | $34,520,000 | $11,010,000 | -68.1% | 8.1% |
| Glacier Bank | $24,775,000 | $10,085,000 | -59.3% | 7.5% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $8,370,000 | $9,310,000 | 11.2% | 6.9% |
| QUICKEN LOANS, LLC | $9,860,000 | $7,140,000 | -27.6% | 5.3% |
| Mortgage Research Center, LLC | $3,025,000 | $5,300,000 | 75.2% | 3.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,950,000 | $2,925,000 | 50.0% | 2.2% |
| Wells Fargo Bank | $2,570,000 | $2,820,000 | 9.7% | 2.1% |
| Northwest Farm Credit Services, FLCA | $2,665,000 | n/a | 2.0% | |
| NAVY FEDERAL CREDIT UNION | $1,440,000 | $2,055,000 | 42.7% | 1.5% |
| Bank of America | $1,105,000 | $2,040,000 | 84.6% | 1.5% |
| U.S. Bank | $3,425,000 | $1,975,000 | -42.3% | 1.5% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $945,000 | $1,390,000 | 47.1% | 1.0% |
| Morgan Stanley Private Bank | $1,180,000 | $1,305,000 | 10.6% | 1.0% |
| Stifel Bank and Trust | $2,680,000 | $1,285,000 | -52.1% | 1.0% |
| BAY EQUITY LLC | $525,000 | $1,165,000 | 121.9% | 0.9% |
| New Century Bank | $1,095,000 | n/a | 0.8% | |
| NEWREZ LLC | $275,000 | $1,020,000 | 270.9% | 0.8% |
| USAA Federal Savings Bank | $4,120,000 | $990,000 | -76.0% | 0.7% |
| Jonah Bank of Wyoming | $980,000 | n/a | 0.7% | |
| JPMorgan Chase Bank | $1,275,000 | $940,000 | -26.3% | 0.7% |
| Century Mortgage Company DBA Century Lending Company | $900,000 | n/a | 0.7% | |
| GUILD MORTGAGE COMPANY | $870,000 | n/a | 0.6% | |
| Mr. Cooper ( Nationstar Mortgage ) | $930,000 | $770,000 | -17.2% | 0.6% |
| NEW DAY FINANCIAL, LLC | $1,015,000 | $770,000 | -24.1% | 0.6% |
| FIRST COMMUNITY MORTGAGE, INC. | $765,000 | n/a | 0.6% | |
| HOMESTAR FINANCIAL CORPORATION | $7,170,000 | $740,000 | -89.7% | 0.5% |
| FirstBank | $735,000 | n/a | 0.5% | |
| The Federal Savings Bank | $925,000 | $720,000 | -22.2% | 0.5% |
| Blue Federal Credit Union | $705,000 | n/a | 0.5% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $660,000 | n/a | 0.5% | |
| ZILLOW HOME LOANS, LLC | $650,000 | n/a | 0.5% | |
| RELIANCE FIRST CAPITAL, LLC | $225,000 | $600,000 | 166.7% | 0.4% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $595,000 | n/a | 0.4% | |
| BMO Harris Bank | $585,000 | n/a | 0.4% | |
| PENNYMAC LOAN SERVICES, LLC | $1,935,000 | $580,000 | -70.0% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $2,630,000 | $575,000 | -78.1% | 0.4% |
| Farm Credit Mid-America, ACA | $665,000 | $520,000 | -21.8% | 0.4% |
| S1L, Inc. | $515,000 | n/a | 0.4% | |
| Hometown Equity Mortgage, LLC | $485,000 | n/a | 0.4% | |
| Meridian Trust Federal Credit Union | $1,435,000 | $425,000 | -70.4% | 0.3% |
| PENTAGON FEDERAL CREDIT UNION | $425,000 | n/a | 0.3% | |
| V.I.P. MORTGAGE, INC. | $425,000 | n/a | 0.3% | |
| LOANDEPOT.COM, LLC | $3,545,000 | $415,000 | -88.3% | 0.3% |
| PNC Bank | $395,000 | n/a | 0.3% | |
| Barrington Bank & Trust Company, N.A. | $350,000 | $375,000 | 7.1% | 0.3% |
| First National Bank of Omaha | $195,000 | $375,000 | 92.3% | 0.3% |
| City National Bank | $365,000 | n/a | 0.3% | |
| GENEVA FINANCIAL, LLC | $355,000 | n/a | 0.3% | |
| Hilltop National Bank | $305,000 | $355,000 | 16.4% | 0.3% |
| TOWNE MORTGAGE COMPANY | $680,000 | $355,000 | -47.8% | 0.3% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $315,000 | $325,000 | 3.2% | 0.2% |
| UMB Bank | $325,000 | n/a | 0.2% | |
| DAS Acquisition Company, LLC | $305,000 | n/a | 0.2% | |
| MEMBER FIRST MORTGAGE, LLC | $295,000 | n/a | 0.2% | |
| PLANET HOME LENDING, LLC | $295,000 | n/a | 0.2% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,180,000 | $265,000 | -77.5% | 0.2% |
| Coastal Community Bank | $245,000 | n/a | 0.2% | |
| Flagstar Bank, FSB | $625,000 | $245,000 | -60.8% | 0.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $245,000 | n/a | 0.2% | |
| BROKER SOLUTIONS, INC. | $765,000 | $235,000 | -69.3% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $305,000 | $225,000 | -26.2% | 0.2% |
| Sunflower Bank | $225,000 | n/a | 0.2% | |
| CHERRY CREEK MORTGAGE, LLC | $5,830,000 | $195,000 | -96.7% | 0.1% |
| IAA Credit Union | $185,000 | n/a | 0.1% | |
| Servion, Inc. | $185,000 | n/a | 0.1% | |
| FREEDOM MORTGAGE CORPORATION | $2,470,000 | $175,000 | -92.9% | 0.1% |
| Pinnacle Bank - Wyoming | $165,000 | n/a | 0.1% | |
| Bank of Colorado | $155,000 | n/a | 0.1% | |
| CROSSCOUNTRY MORTGAGE, LLC | $1,630,000 | $155,000 | -90.5% | 0.1% |
| PHH Mortgage Corporation | $235,000 | $145,000 | -38.3% | 0.1% |
| Commerce Home Mortgage, Inc. | $135,000 | n/a | 0.1% | |
| Figure Lending LLC | $120,000 | n/a | 0.1% | |
| Leader Bank | $115,000 | n/a | 0.1% | |
| ANB Bank | $45,000 | $80,000 | 77.8% | 0.1% |
| Carrington Mortgage Services, LLC | $115,000 | $65,000 | -43.5% | 0.0% |
| Bethpage Federal Credit Union | $55,000 | n/a | 0.0% | |
| Platte Valley Bank | $55,000 | n/a | 0.0% | |
| 21ST MORTGAGE CORPORATION | $130,000 | $45,000 | -65.4% | 0.0% |
| United States Senate Federal Credit Union | $45,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $50,000 | $25,000 | -50.0% | 0.0% |
Sheridan's top lender by overall market share is Gateway First Bank, with 9.4% market share. In second place, with 8.1%, is First Interstate Bank, having originated $11,010,000 in loans. In third place, with 7.5%, is Glacier Bank, having originated $10,085,000 in loans. In fourth place, with 6.9%, is AMERICAN PACIFIC MORTGAGE CORPORATION, having originated $9,310,000 in loans. In fifth place, with 5.3%, is QUICKEN LOANS, LLC, having originated $7,140,000 in loans.
Sheridan, WY Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 276 | $101,320,000 | $367,101 |
| Cash Out Refi | 58 | $13,780,000 | $237,586 |
| Home Improvement | 45 | $4,525,000 | $100,556 |
| Refi | 39 | $10,835,000 | $277,821 |
| Other | 35 | $4,705,000 | $134,429 |
Sheridan's most frequently cited loan purpose was Home Purchase, with 276 originations. The 2nd most popular reason was Cash Out Refi, with 58 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 161 | $48,375,000 | $300,466 |
| 5-6% | 98 | $36,000,000 | $367,347 |
| 7-8% | 88 | $31,400,000 | $356,818 |
| Over 8% | 73 | $8,335,000 | $114,178 |
| 4-5% | 20 | $8,520,000 | $426,000 |
| <2.5% | 9 | $305,000 | $33,889 |
| 3-4% | 1 | $725,000 | $725,000 |
During 2023, Sheridan's most frequently originated rate bucket was 6-7%, with 161 originations.
Loan Sizing (Sheridan, WY MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 177 | $51,815,000 | $292,740 |
| $100,000 or less | 93 | $4,505,000 | $48,441 |
| $100k-200k | 74 | $11,160,000 | $150,811 |
| $400k-600k | 66 | $30,480,000 | $461,818 |
| $600k-1000k | 35 | $24,525,000 | $700,714 |
| $Over $1MM | 8 | $12,680,000 | $1,585,000 |
Sheridan's loan sizing saw the bucket of loans from $200k-400k with 177 originations, totaling $51,815,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 139 | $52,545,000 | $378,022 |
| 60-80% | 112 | $46,350,000 | $413,839 |
| Under 20% | 83 | $5,165,000 | $62,229 |
| 20-40% | 59 | $10,555,000 | $178,898 |
| 40-60% | 48 | $16,610,000 | $346,042 |
| Over 100% | 5 | $2,205,000 | $441,000 |
Sheridan's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 139 originations, totaling $52,545,000 in origination value.