La Crosse FHA Loan Rates, Closing Costs & Stats

LA CROSSE-ONALASKA, WI-MN

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    La Crosse's 33 lenders originated 98 FHA loans during 2023. The total origination value was $22,720,000, with an average FHA loan value of $231,837.

    La Crosse FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in La Crosse averaged 6.49% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    La Crosse's average FHA mortgage closing costs are $6,724.

    The average rate for the prior week (2025-02-07) was 6.7% and one month ago for the week of 2025-01-10, the average rate was 6.77%.

    The average rate one year ago was 6.49%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.59%.

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

    La Crosse FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the La Crosse level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 21 6.30% $9,695
    CROSSCOUNTRY MORTGAGE, LLC 9 7.17% $11,961
    UNITED WHOLESALE MORTGAGE, LLC 7 6.19% $13,012
    EVERETT FINANCIAL, INC. 7 6.82% $12,723
    UNION HOME MORTGAGE CORP. 4 7.09% $11,380
    ALTRA 4 6.15% $8,115
    Coulee Bank 3 6.67% $8,952
    Servion, Inc. 3 6.54% $7,492
    Associated Bank 3 6.38% $6,567
    LAND HOME FINANCIAL SERVICES, INC. 2 6.19% $8,506
    CARDINAL FINANCIAL 2 6.75% $19,539
    ENDEAVOR CAPITAL, LLC. 2 6.62% $11,708
    LAKEVIEW LOAN SERVICING, LLC 2 6.25% $15,628
    PENNYMAC LOAN SERVICES, LLC 2 6.00% $13,303
    Prosperity Home Mortgage, LLC 2 6.75% $10,082
    University of Wisconsin Credit Union 1 7.13% $11,558
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $9,684
    LOANDEPOT.COM, LLC 1 6.13% $7,513
    Mr. Cooper ( Nationstar Mortgage ) 1 5.63% $9,135
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $14,015
    Paramount Residential Mortgage Group, Inc. 1 7.25% $15,845
    U.S. Bank 1 6.75% $9,013
    Plains Commerce Bank 1 7.75% $14,810
    V.I.P. MORTGAGE, INC. 1 7.25% $14,304
    Equity Prime Mortgage LLC 1 6.63% $9,697
    CRESCENT MORTGAGE COMPANY 1 7.13% $7,103
    The Federal Savings Bank 1 6.63% $6,046
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION 1 6.12% $11,444
    BMO Harris Bank 1 6.00% $6,993
    AMERICAN FINANCING CORPORATION 1 5.25% $16,124
    FREEDOM MORTGAGE CORPORATION 1 6.38% $11,350
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.50% $11,606
    Home Federal Savings Bank 1 6.25% $9,919

    The top La Crosse FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 21 FHA loans originated. Their average total fees are $9,695, which is $2,267 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    The lowest fee La Crosse FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($9,695), .

    The lowest rate La Crosse FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.30%), .

    La Crosse FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    LA CROSSE-ONALASKA, WI-MN HOUSTON 2022 $420,680 $538,650 $651,050 $809,150
    LA CROSSE-ONALASKA, WI-MN LA CROSSE 2022 $420,680 $538,650 $651,050 $809,150
    LA CROSSE-ONALASKA, WI-MN HOUSTON 2023 $472,030 $604,400 $730,525 $907,900
    LA CROSSE-ONALASKA, WI-MN LA CROSSE 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - La Crosse (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 $208,950 (6.1%) $266,853 (3.9%) 0.82 378
    2018-02-01 $224,825 (14.4%) $275,886 (6.9%) 0.86 367
    2018-03-01 $225,450 (15.0%) $284,271 (9.0%) 0.84 378
    2018-04-01 $238,075 (19.1%) $296,662 (13.0%) 0.87 388
    2018-05-01 $229,575 (10.6%) $301,113 (14.2%) 0.83 443
    2018-06-01 $234,900 (8.0%) $305,916 (13.2%) 0.82 487
    2018-07-01 $229,925 (4.6%) $298,031 (8.7%) 0.81 526
    2018-08-01 $229,700 (5.7%) $295,106 (10.3%) 0.82 548
    2018-09-01 $239,900 (12.9%) $298,793 (12.2%) 0.84 534
    2018-10-01 $236,675 (13.5%) $294,249 (13.5%) 0.85 501
    2018-11-01 $233,950 (17.0%) $289,677 (13.5%) 0.83 451
    2018-12-01 $219,950 (6.5%) $291,226 (15.2%) 0.83 390
    2019-01-01 $219,950 (5.3%) $290,791 (9.0%) 0.84 324
    2019-02-01 $237,425 (5.6%) $304,225 (10.3%) 0.87 315
    2019-03-01 $244,186 (8.3%) $307,039 (8.0%) 0.85 334
    2019-04-01 $247,936 (4.1%) $305,062 (2.8%) 0.83 386
    2019-05-01 $243,650 (6.1%) $303,610 (0.8%) 0.81 419
    2019-06-01 $248,750 (5.9%) $302,754 (-1.0%) 0.78 502
    2019-07-01 $249,450 (8.5%) $307,671 (3.2%) 0.79 516
    2019-08-01 $239,973 (4.5%) $306,482 (3.9%) 0.79 526
    2019-09-01 $239,932 (0.0%) $304,557 (1.9%) 0.80 538
    2019-10-01 $239,905 (1.4%) $303,115 (3.0%) 0.81 539
    2019-11-01 $239,900 (2.5%) $301,878 (4.2%) 0.82 490
    2019-12-01 $241,225 (9.7%) $295,947 (1.6%) 0.83 429
    2020-01-01 $239,225 (8.8%) $293,215 (0.8%) 0.83 372
    2020-02-01 $241,900 (1.9%) $306,169 (0.6%) 0.85 349
    2020-03-01 $249,450 (2.2%) $316,854 (3.2%) 0.81 362
    2020-04-01 $259,000 (4.5%) $317,873 (4.2%) 0.85 345
    2020-05-01 $254,950 (4.6%) $307,847 (1.4%) 0.81 352
    2020-06-01 $267,200 (7.4%) $310,905 (2.7%) 0.81 378
    2020-07-01 $274,450 (10.0%) $315,031 (2.4%) 0.84 396
    2020-08-01 $264,900 (10.4%) $305,734 (-0.2%) 0.77 393
    2020-09-01 $245,175 (2.2%) $294,729 (-3.2%) 0.71 379
    2020-10-01 $239,698 (-0.1%) $290,999 (-4.0%) 0.70 349
    2020-11-01 $239,450 (-0.2%) $292,335 (-3.2%) 0.72 305
    2020-12-01 $229,150 (-5.0%) $287,372 (-2.9%) 0.70 253
    2021-01-01 $229,900 (-3.9%) $297,561 (1.5%) 0.75 183
    2021-02-01 $244,900 (1.2%) $315,898 (3.2%) 0.77 171
    2021-03-01 $268,125 (7.5%) $322,032 (1.6%) 0.83 164
    2021-04-01 $273,700 (5.7%) $331,063 (4.2%) 0.82 168
    2021-05-01 $299,500 (17.5%) $333,367 (8.3%) 0.84 173
    2021-06-01 $297,400 (11.3%) $338,275 (8.8%) 0.80 173
    2021-07-01 $267,400 (-2.6%) $336,857 (6.9%) 0.76 211
    2021-08-01 $279,900 (5.7%) $338,288 (10.7%) 0.77 228
    2021-09-01 $271,450 (10.7%) $327,539 (11.1%) 0.73 245
    2021-10-01 $289,000 (20.6%) $331,556 (13.9%) 0.79 239
    2021-11-01 $289,950 (21.1%) $343,387 (17.5%) 0.79 198
    2021-12-01 $273,700 (19.4%) $347,351 (20.9%) 0.77 186
    2022-01-01 $300,000 (30.5%) $367,070 (23.4%) 0.82 145
    2022-02-01 $299,900 (22.5%) $371,638 (17.6%) 0.78 120
    2022-03-01 $309,950 (15.6%) $378,954 (17.7%) 0.78 121
    2022-04-01 $324,000 (18.4%) $381,009 (15.1%) 0.77 121
    2022-05-01 $331,350 (10.6%) $400,371 (20.1%) 0.75 165
    2022-06-01 $324,725 (9.2%) $399,929 (18.2%) 0.72 193
    2022-07-01 $312,900 (17.0%) $393,706 (16.9%) 0.73 223
    2022-08-01 $319,950 (14.3%) $398,155 (17.7%) 0.79 239
    2022-09-01 $344,450 (26.9%) $396,491 (21.1%) 0.82 231
    2022-10-01 $347,000 (20.1%) $388,901 (17.3%) 0.85 229
    2022-11-01 $346,225 (19.4%) $374,213 (9.0%) 0.86 216
    2022-12-01 $354,900 (29.7%) $377,458 (8.7%) 0.90 165
    2023-01-01 $347,450 (15.8%) $379,466 (3.4%) 0.89 142
    2023-02-01 $347,425 (15.9%) $370,757 (-0.2%) 0.88 134
    2023-03-01 $327,225 (5.6%) $359,222 (-5.2%) 0.79 134
    2023-04-01 $350,000 (8.0%) $367,464 (-3.6%) 0.84 143
    2023-05-01 $331,975 (0.2%) $370,051 (-7.6%) 0.78 162
    2023-06-01 $326,175 (0.5%) $377,378 (-5.6%) 0.76 166
    2023-07-01 $319,000 (2.0%) $366,121 (-7.0%) 0.75 176
    2023-08-01 $326,950 (2.2%) $374,529 (-5.9%) 0.82 202
    2023-09-01 $299,900 (-12.9%) $372,973 (-5.9%) 0.77 200
    2023-10-01 $319,425 (-8.0%) $369,439 (-5.0%) 0.78 223
    2023-11-01 $324,225 (-6.4%) $371,096 (-0.8%) 0.79 210
    2023-12-01 $329,900 (-7.0%) $380,835 (0.9%) 0.83 201
    2024-01-01 $336,000 (-3.3%) $387,472 (2.1%) 0.84 160
    2024-02-01 $329,225 (-5.2%) $390,843 (5.4%) 0.82 145
    2024-03-01 $359,900 (10.0%) $387,852 (8.0%) 0.89 151
    2024-04-01 $359,700 (2.8%) $402,851 (9.6%) 0.88 184
    2024-05-01 $379,900 (14.4%) $430,589 (16.4%) 0.92 195
    2024-06-01 $377,450 (15.7%) $431,557 (14.4%) 0.92 221
    2024-07-01 $377,350 (18.3%) $435,621 (19.0%) 0.87 229
    2024-08-01 $368,950 (12.9%) $420,481 (12.3%) 0.87 260
    2024-09-01 $360,725 (20.3%) $411,927 (10.4%) 0.85 277
    2024-10-01 $369,500 (15.7%) $424,196 (14.8%) 0.89 291
    2024-11-01 $360,000 (11.0%) $408,095 (10.0%) 0.90 283
    2024-12-01 $339,675 (3.0%) $406,136 (6.6%) 0.87 248
    2025-01-01 $334,675 (-0.4%) $400,737 (3.4%) 0.00 229
    La Crosse's median listing price for 2025-01-01 was $334,675, a difference of $-1,325 (-0.4%) versus the prior year and $-5,000 versus the prior month.

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

    La Crosse's average listing price for 2025-01-01 was $400,737, a difference of $13,265 (3.4%) versus the prior year and $-5,399 versus the prior month.

    For the 2025-01-01 period, La Crosse had 229 MLS listings, a difference of -19 listings (-8%) versus the prior month and 69 listings (43%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - La Crosse (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 73 days 1,847 sqft
    2018-02-01 70 days 1,896 sqft
    2018-03-01 51 days 1,815 sqft
    2018-04-01 39 days 1,960 sqft
    2018-05-01 35 days 1,976 sqft
    2018-06-01 37 days 2,000 sqft
    2018-07-01 41 days 2,017 sqft
    2018-08-01 41 days 2,008 sqft
    2018-09-01 46 days 2,041 sqft
    2018-10-01 51 days 2,065 sqft
    2018-11-01 58 days 2,064 sqft
    2018-12-01 68 days 1,972 sqft
    2019-01-01 77 days 1,863 sqft
    2019-02-01 64 days 1,994 sqft
    2019-03-01 50 days 2,017 sqft
    2019-04-01 33 days 2,036 sqft
    2019-05-01 32 days 2,037 sqft
    2019-06-01 32 days 2,086 sqft
    2019-07-01 37 days 2,090 sqft
    2019-08-01 41 days 2,053 sqft
    2019-09-01 43 days 2,014 sqft
    2019-10-01 46 days 1,983 sqft
    2019-11-01 54 days 1,978 sqft
    2019-12-01 67 days 1,982 sqft
    2020-01-01 80 days 1,997 sqft
    2020-02-01 71 days 2,000 sqft
    2020-03-01 44 days 2,005 sqft
    2020-04-01 43 days 2,011 sqft
    2020-05-01 51 days 2,010 sqft
    2020-06-01 38 days 2,040 sqft
    2020-07-01 42 days 2,137 sqft
    2020-08-01 39 days 2,024 sqft
    2020-09-01 41 days 1,904 sqft
    2020-10-01 43 days 1,884 sqft
    2020-11-01 45 days 1,831 sqft
    2020-12-01 47 days 1,730 sqft
    2021-01-01 54 days 1,733 sqft
    2021-02-01 33 days 1,794 sqft
    2021-03-01 24 days 1,815 sqft
    2021-04-01 23 days 1,853 sqft
    2021-05-01 19 days 1,890 sqft
    2021-06-01 25 days 1,855 sqft
    2021-07-01 21 days 1,811 sqft
    2021-08-01 24 days 1,853 sqft
    2021-09-01 31 days 1,877 sqft
    2021-10-01 40 days 1,890 sqft
    2021-11-01 44 days 1,908 sqft
    2021-12-01 46 days 1,899 sqft
    2022-01-01 58 days 1,935 sqft
    2022-02-01 42 days 1,933 sqft
    2022-03-01 13 days 1,861 sqft
    2022-04-01 15 days 1,900 sqft
    2022-05-01 14 days 1,933 sqft
    2022-06-01 23 days 1,916 sqft
    2022-07-01 23 days 1,896 sqft
    2022-08-01 27 days 1,882 sqft
    2022-09-01 34 days 1,944 sqft
    2022-10-01 33 days 1,953 sqft
    2022-11-01 42 days 1,937 sqft
    2022-12-01 60 days 2,010 sqft
    2023-01-01 72 days 1,923 sqft
    2023-02-01 63 days 1,856 sqft
    2023-03-01 31 days 1,852 sqft
    2023-04-01 32 days 1,875 sqft
    2023-05-01 31 days 1,866 sqft
    2023-06-01 40 days 1,849 sqft
    2023-07-01 44 days 1,815 sqft
    2023-08-01 39 days 1,825 sqft
    2023-09-01 39 days 1,816 sqft
    2023-10-01 41 days 1,867 sqft
    2023-11-01 41 days 1,868 sqft
    2023-12-01 48 days 1,870 sqft
    2024-01-01 67 days 1,866 sqft
    2024-02-01 59 days 1,850 sqft
    2024-03-01 38 days 1,900 sqft
    2024-04-01 33 days 1,879 sqft
    2024-05-01 30 days 1,910 sqft
    2024-06-01 45 days 1,970 sqft
    2024-07-01 37 days 2,000 sqft
    2024-08-01 31 days 1,960 sqft
    2024-09-01 36 days 1,855 sqft
    2024-10-01 41 days 1,939 sqft
    2024-11-01 48 days 1,878 sqft
    2024-12-01 64 days 1,886 sqft
    2025-01-01 0 days 1,853 sqft
    La Crosse's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    La Crosse's median square footage for active listings during the 2025-01-01 period was 1,853 sqft. One year prior, the average listing was 1,866 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).