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 6.64% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 6.82% and one month ago for the week of 2024-03-14, the average rate was 6.48%.

    Sheridan's average rate one year ago was 5.81%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.1%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Sheridan 30 Year Fixed Rate 2024-04-18 6.64%
    Sheridan 30 Year Fixed Rate Refi 2024-04-18 7.1%
    Sheridan 15 Year Fixed Rate 2024-04-18 6.29%
    Sheridan 15 Year Fixed Rate Refi 2024-04-18 6.99%
    Sheridan 30 Year FHA 2024-04-18 6.76%
    Sheridan 30 Year FHA Refi 2024-04-18 6.76%
    Sheridan 30 Year USDA 2024-04-18 6.66%
    Sheridan 30 Year USDA Refi 2024-04-18 6.96%
    Sheridan 30 Year VA 2024-04-18 6.76%
    Sheridan 30 Year VA Refi 2024-04-18 6.66%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Gateway First Bank 29 6.50% $5,600
    AMERICAN PACIFIC MORTGAGE CORPORATION 20 6.94% $5,212
    First Interstate Bank 16 6.58% $4,734
    QUICKEN LOANS, LLC 12 6.35% $8,354
    Glacier Bank 10 7.21% $6,103
    Wells Fargo Bank 8 6.66% $8,283
    UNITED WHOLESALE MORTGAGE, LLC 4 6.72% $11,743
    Stifel Bank and Trust 3 5.96% $2,302
    GUILD MORTGAGE COMPANY 2 7.31% $2,770
    JPMorgan Chase Bank 2 5.81% $15,623
    U.S. Bank 2 6.75% $2,702
    HOMESTAR FINANCIAL CORPORATION 2 5.44% $6,465
    AMERISAVE MORTGAGE CORPORATION 2 7.06% $8,320
    Century Mortgage Company DBA Century Lending Company 2 7.31% $11,385
    BAY EQUITY LLC 1 6.63% $11,616
    IAA Credit Union 1 6.63% $2,410
    Jonah Bank of Wyoming 1 6.00% $5,815
    BROKER SOLUTIONS, INC. 1 7.63% $3,205
    LOANDEPOT.COM, LLC 1 6.99% $17,954
    Morgan Stanley Private Bank 1 5.53% $5,891
    NAVY FEDERAL CREDIT UNION 1 5.50% $1,766
    Northwest Farm Credit Services, FLCA 1 7.70% $42,436
    PNC Bank 1 5.50% $6,346
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.13% $9,264
    RELIANCE FIRST CAPITAL, LLC 1 6.99% $8,175
    S1L, Inc. 1 7.50% $11,716
    Sunflower Bank 1 6.99% $6,273
    UMB Bank 1 7.24% $1,915
    USAA Federal Savings Bank 1 6.38% $3,356
    Leader Bank 1 6.13% $3,135
    City National Bank 1 7.00% $5,559
    DAS Acquisition Company, LLC 1 7.13% $6,402
    FIRST COMMUNITY MORTGAGE, INC. 1 6.63% $3,783
    BMO Harris Bank 1 6.25% $7,415
    First National Bank of Omaha 1 6.50% $5,673
    Blue Federal Credit Union 1 6.81% $6,557
    GENEVA FINANCIAL, LLC 1 6.50% $7,372

    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 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
    Sheridan's median listing price for 2024-03-01 was $625,000, a difference of $-10,225 (-1.6%) versus the prior year and $36,000 versus the prior month.

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

    Sheridan's average listing price for 2024-03-01 was $905,826, a difference of $79,939 (9.7%) versus the prior year and $90,212 versus the prior month.

    For the 2024-03-01 period, Sheridan had 113 MLS listings, a difference of 19 listings (20%) versus the prior month and 40 listings (55%) 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
    Sheridan's median listing age (time on market) for 2024-03-01 was 0 days.

    Sheridan's median square footage for active listings during the 2024-03-01 period was 2,125 sqft. One year prior, the average listing was 2,111 sqft.

    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.