Sheboygan VA Loan Rates, Closing Costs & Stats

SHEBOYGAN, WI

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    • 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.

    Sheboygan's 39 lenders originated 119 VA loans during 2024. The total origination value was $33,535,000, with an average VA loan value of $281,807.

    Sheboygan VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Sheboygan averaged 6.68% for the week of 2025-07-18, compared to the national average (all VA variants) of 6.385% for the same period.

    Sheboygan's average VA mortgage closing costs are $5,350.

    The average rate for the prior week (2025-07-11) was 6.96% and one month ago for the week of 2025-06-13, the average rate was 6.94%.

    The average rate one year ago was 6.74%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.6%.

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

    Sheboygan 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 Sheboygan level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 23 6.29% $6,237
    FREEDOM MORTGAGE CORPORATION 9 6.72% $4,607
    PENNYMAC LOAN SERVICES, LLC 8 5.53% $7,737
    UNION HOME MORTGAGE CORP. 6 6.10% $5,553
    UNITED WHOLESALE MORTGAGE, LLC 6 5.83% $7,639
    QUICKEN LOANS, LLC 5 5.85% $11,696
    NEWREZ LLC 4 6.50% $9,619
    U.S. Bank 4 6.47% $8,271
    NEW DAY FINANCIAL, LLC 4 7.03% $7,694
    NAVY FEDERAL CREDIT UNION 4 5.91% $8,083
    CIBM Bank 3 6.79% $1,685
    The Federal Savings Bank 3 6.08% $15,036
    FIRST COLONY MORTGAGE CORPORATION 3 6.54% $8,373
    Bank First, N.A. 2 6.25% $7,875
    Mr. Cooper ( Nationstar Mortgage ) 2 6.25% $7,085
    Prosperity Home Mortgage, LLC 2 5.87% $6,206
    SECURITYNATIONAL MORTGAGE COMPANY 2 6.50% $9,446
    TOWNE MORTGAGE COMPANY 2 6.50% $17,653
    GUILD MORTGAGE COMPANY 2 6.31% $4,684
    Bank Five Nine 2 6.00% $7,109
    LAKEVIEW LOAN SERVICING, LLC 2 6.00% $4,207
    Wells Fargo Bank 1 6.63% $4,459
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $8,370
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $939
    Associated Bank 1 6.38% $1,693
    Bank of England 1 6.75% $3,220
    CMG MORTGAGE, INC. 1 5.50% $5,165
    Cornerstone First Mortgage, Inc 1 6.25% $11,391
    ENVOY MORTGAGE, LTD 1 7.63% $6,263
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.75% $2,342
    Flagstar Bank, FSB 1 6.05% $2,424
    GUARANTEED RATE, INC. 1 7.38% $5,548
    Ixonia Bank 1 6.75% $7,543
    JPMorgan Chase Bank 1 6.49% $849
    Magnolia Bank 1 5.88% $10,984
    Mid-Continent Funding, Inc. 1 6.25% $5,353
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.63% $25,334
    USAA Federal Savings Bank 1 6.25% $2,753
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $4,968

    The top Sheboygan VA lender as defined by loan originations is Mortgage Research Center, LLC, with 23 VA loans originated. Their average total fees are $6,237, which is $1,630 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

    The lowest fee Sheboygan VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,237), .

    The lowest rate Sheboygan VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.29%), .

    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.