Manitowoc County, Wisconsin
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1 Platform, 6 Refinance Alerts
01
Alert for Lower Rates
02
Alert for Cash Out
03
Alert for Shorter Term
04
Alert for Eliminating PMI
05
Alert for Product Changes
06
Alert for Changes in Home Value
Manitowoc Real Estate Market Update
The real estate market in Manitowoc County, Wisconsin, has seen a notable increase in home values over the past year. As of October 2024, the median home sold price in Manitowoc was $211,325, reflecting a 5.7% increase from the previous year, with a median price per square foot of $150. The average home value in the county is $235,911, marking an 8.9% rise over the past year.
Manitowoc County is home to several key cities, with Manitowoc being the largest. Manitowoc itself has a population of approximately 33,000 residents, making it a central hub for the county. Another significant city is Two Rivers, which has a population of around 11,000. These cities serve as the primary urban centers within the county, providing a mix of residential and commercial opportunities.
Living in Manitowoc County offers a blend of rural and suburban lifestyles, with agriculture playing a significant role in the local economy. The county is characterized by its scenic landscapes, including farmland and suburban neighborhoods. Key industries include manufacturing and agriculture, which attract residents seeking employment opportunities. The county's appeal is enhanced by its affordable housing market and the quality of life it offers, drawing people who are looking for a balance between rural charm and suburban convenience.
2025 Mortgage Loan Limits:
Manitowoc County, Wisconsin
1 Unit
$806,500
Conforming Loans
$524,225
FHA Loans
2 Unit
$1,032,650
Conforming Loans
$671,200
FHA Loans
3 Unit
$1,248,150
Conforming Loans
$811,275
FHA Loans
4 Unit
$1,551,250
Conforming Loans
$1,008,300
FHA Loans
Questions About Refinancing in
Manitowoc County
What is mortgage refinancing?
Refinancing is the process of replacing your current mortgage with a new one, often to secure a lower interest rate or change the loan terms.When should I consider refinancing?
Consider refinancing when interest rates drop, your credit score improves, or you want to switch from an adjustable-rate to a fixed-rate mortgage.How much does it cost to refinance?
Refinancing costs typically range from 2% to 5% of the loan amount, including closing fees, appraisal, and title fees.How long does the refinancing process take?
The refinancing process usually takes between 30 to 45 days, but this can vary based on lender efficiency and document preparation.What are the benefits of refinancing?
Refinancing can lower your monthly payments, reduce interest rates, shorten loan terms, or allow you to tap into home equity.What is cash-out refinancing?
Cash-out refinancing allows you to take out a new loan for more than your current mortgage balance and receive the difference in cash.Will refinancing hurt my credit?
Refinancing may cause a temporary dip in your credit score due to the hard inquiry, but the impact is usually minor and short-term.Can I refinance with bad credit?
It may be harder to qualify, but some lenders offer refinancing options for people with lower credit scores, though they often come with higher interest rates.How much equity do I need to refinance?
Most lenders require you to have at least 20% equity in your home to qualify for refinancing, though some programs may allow for lower equity percentages.Is it possible to refinance a rental property?
Yes, you can refinance an investment or rental property, though the terms and interest rates may be different compared to refinancing a primary residence.
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