Wausau FHA Loan Rates, Closing Costs & Stats

WAUSAU-WESTON, WI

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Loan Limits
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Wausau's 34 lenders originated 195 FHA loans during 2023. The total origination value was $35,335,000, with an average FHA loan value of $181,205.

    Wausau FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Wausau averaged 6.35% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Wausau's average FHA mortgage closing costs are $6,338.

    The average rate for the prior week (2025-02-07) was 6.57% and one month ago for the week of 2025-01-10, the average rate was 6.43%.

    The average rate one year ago was 6.65%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.37%.

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

    Wausau 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 Wausau level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 28 6.63% $7,627
    QUICKEN LOANS, LLC 25 6.36% $8,337
    Ixonia Bank 21 7.09% $9,797
    Paramount Residential Mortgage Group, Inc. 11 7.14% $8,577
    Nations Lending Corporation 10 7.10% $5,781
    U.S. Bank 6 6.75% $7,393
    Associated Bank 6 6.44% $5,481
    Waterstone Mortgage Corporation 5 6.13% $10,191
    CROSSCOUNTRY MORTGAGE, LLC 5 6.84% $12,340
    Carrington Mortgage Services, LLC 5 6.55% $9,033
    UNITED WHOLESALE MORTGAGE, LLC 4 5.97% $11,066
    ENDEAVOR CAPITAL, LLC. 4 6.56% $8,766
    Mr. Cooper ( Nationstar Mortgage ) 4 6.19% $11,220
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 7.53% $9,587
    Mortgage Research Center, LLC 3 7.33% $7,574
    AMERISAVE MORTGAGE CORPORATION 3 6.13% $8,894
    Bank Five Nine 3 6.25% $6,987
    FREEDOM MORTGAGE CORPORATION 3 7.25% $10,419
    LAND HOME FINANCIAL SERVICES, INC. 3 7.33% $6,457
    LOANDEPOT.COM, LLC 3 6.25% $10,141
    Prosperity Home Mortgage, LLC 3 5.96% $13,010
    BROKER SOLUTIONS, INC. 2 7.38% $11,074
    V.I.P. MORTGAGE, INC. 2 6.25% $8,852
    NEWREZ LLC 2 6.00% $10,497
    LAKEVIEW LOAN SERVICING, LLC 1 6.75% $7,742
    TOWNE MORTGAGE COMPANY 1 6.99% $6,905
    First Federal Bank 1 7.13% $5,913
    University of Wisconsin Credit Union 1 6.88% $8,267
    EMBRACE HOME LOANS, INC. 1 6.75% $7,888
    VERITAS FUNDING, LLC 1 6.75% $10,358
    NETWORK CAPITAL FUNDING CORPORATION 1 5.50% $7,414
    MOVEMENT MORTGAGE, LLC 1 6.75% $10,320
    AMERICAN FINANCIAL NETWORK, INC. 1 6.13% $14,530
    Plains Commerce Bank 1 7.63% $13,302

    The top Wausau FHA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 28 FHA loans originated. Their average total fees are $7,627, which is $710 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Wausau FHA lenders (with over 10 loans originated) are Nations Lending Corporation ($5,781), GUILD MORTGAGE COMPANY ($7,627), QUICKEN LOANS, LLC ($8,337), Paramount Residential Mortgage Group, Inc. ($8,577) and Ixonia Bank ($9,797).

    The lowest rate Wausau FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.36%), GUILD MORTGAGE COMPANY (6.63%), Ixonia Bank (7.09%), Nations Lending Corporation (7.10%) and Paramount Residential Mortgage Group, Inc. (7.14%).

    Wausau FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    WAUSAU-WESTON, WI LINCOLN 2022 $420,680 $538,650 $651,050 $809,150
    WAUSAU-WESTON, WI MARATHON 2022 $420,680 $538,650 $651,050 $809,150
    WAUSAU-WESTON, WI LINCOLN 2023 $472,030 $604,400 $730,525 $907,900
    WAUSAU-WESTON, WI MARATHON 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Wausau (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 $187,425 (25.0%) $233,101 (20.9%) 0.64 447
    2018-02-01 $198,905 (26.8%) $239,968 (21.0%) 0.66 437
    2018-03-01 $199,721 (22.6%) $242,519 (19.4%) 0.66 470
    2018-04-01 $198,861 (17.1%) $244,346 (18.2%) 0.64 505
    2018-05-01 $198,248 (13.9%) $241,235 (13.8%) 0.63 564
    2018-06-01 $198,698 (13.5%) $239,849 (10.7%) 0.63 633
    2018-07-01 $198,675 (10.4%) $238,086 (7.4%) 0.63 634
    2018-08-01 $190,650 (6.0%) $232,233 (3.7%) 0.60 653
    2018-09-01 $189,900 (6.2%) $228,534 (4.3%) 0.60 630
    2018-10-01 $189,900 (5.6%) $228,097 (1.8%) 0.61 592
    2018-11-01 $198,950 (10.6%) $234,049 (4.1%) 0.63 532
    2018-12-01 $204,900 (17.2%) $241,223 (8.2%) 0.66 452
    2019-01-01 $214,900 (14.7%) $245,765 (5.4%) 0.66 391
    2019-02-01 $214,925 (8.1%) $242,203 (0.9%) 0.64 399
    2019-03-01 $208,500 (4.4%) $241,104 (-0.6%) 0.63 431
    2019-04-01 $199,325 (0.2%) $238,343 (-2.5%) 0.61 460
    2019-05-01 $199,900 (0.8%) $240,057 (-0.5%) 0.59 495
    2019-06-01 $205,745 (3.6%) $244,968 (2.1%) 0.62 525
    2019-07-01 $200,938 (1.1%) $245,766 (3.2%) 0.62 552
    2019-08-01 $200,595 (5.2%) $247,990 (6.8%) 0.62 551
    2019-09-01 $201,638 (6.2%) $251,419 (10.0%) 0.63 551
    2019-10-01 $205,725 (8.3%) $253,705 (11.2%) 0.64 549
    2019-11-01 $209,000 (5.1%) $252,914 (8.1%) 0.65 501
    2019-12-01 $208,000 (1.5%) $250,877 (4.0%) 0.64 427
    2020-01-01 $197,850 (-7.9%) $248,711 (1.2%) 0.62 365
    2020-02-01 $199,900 (-7.0%) $246,091 (1.6%) 0.61 372
    2020-03-01 $209,675 (0.6%) $249,146 (3.3%) 0.61 438
    2020-04-01 $214,900 (7.8%) $255,964 (7.4%) 0.63 448
    2020-05-01 $249,900 (25.0%) $293,946 (22.5%) 0.73 261
    2020-06-01 $259,900 (26.3%) $297,879 (21.6%) 0.71 232
    2020-07-01 $253,650 (26.2%) $297,282 (21.0%) 0.68 213
    2020-08-01 $239,900 (19.6%) $288,779 (16.5%) 0.66 207
    2020-09-01 $233,622 (15.9%) $278,888 (10.9%) 0.64 238
    2020-10-01 $220,000 (6.9%) $268,003 (5.6%) 0.62 240
    2020-11-01 $212,450 (1.7%) $260,659 (3.1%) 0.60 213
    2020-12-01 $209,900 (0.9%) $258,887 (3.2%) 0.60 185
    2021-01-01 $210,000 (6.1%) $265,669 (6.8%) 0.63 137
    2021-02-01 $210,000 (5.1%) $271,702 (10.4%) 0.58 111
    2021-03-01 $224,675 (7.2%) $267,146 (7.2%) 0.61 95
    2021-04-01 $224,900 (4.7%) $278,087 (8.6%) 0.60 87
    2021-05-01 $243,900 (-2.4%) $296,671 (0.9%) 0.64 86
    2021-06-01 $239,900 (-7.7%) $295,000 (-1.0%) 0.62 120
    2021-07-01 $239,000 (-5.8%) $290,766 (-2.2%) 0.61 157
    2021-08-01 $239,950 (0.0%) $285,398 (-1.2%) 0.62 168
    2021-09-01 $235,925 (1.0%) $287,539 (3.1%) 0.62 159
    2021-10-01 $249,900 (13.6%) $293,665 (9.6%) 0.67 168
    2021-11-01 $247,450 (16.5%) $302,577 (16.1%) 0.62 134
    2021-12-01 $277,900 (32.4%) $319,765 (23.5%) 0.70 114
    2022-01-01 $282,450 (34.5%) $318,955 (20.1%) 0.74 98
    2022-02-01 $286,514 (36.4%) $337,483 (24.2%) 0.79 81
    2022-03-01 $329,975 (46.9%) $353,327 (32.3%) 0.80 80
    2022-04-01 $359,405 (59.8%) $367,026 (32.0%) 0.83 85
    2022-05-01 $326,425 (33.8%) $354,079 (19.4%) 0.74 105
    2022-06-01 $296,175 (23.5%) $330,678 (12.1%) 0.66 118
    2022-07-01 $315,000 (31.8%) $346,917 (19.3%) 0.66 131
    2022-08-01 $323,450 (34.8%) $338,888 (18.7%) 0.67 139
    2022-09-01 $307,175 (30.2%) $333,822 (16.1%) 0.70 127
    2022-10-01 $295,000 (18.1%) $329,539 (12.2%) 0.66 130
    2022-11-01 $294,700 (19.1%) $337,697 (11.6%) 0.67 104
    2022-12-01 $299,900 (7.9%) $342,125 (7.0%) 0.69 86
    2023-01-01 $294,900 (4.4%) $347,157 (8.8%) 0.70 74
    2023-02-01 $291,200 (1.6%) $342,805 (1.6%) 0.66 70
    2023-03-01 $275,150 (-16.6%) $343,150 (-2.9%) 0.60 64
    2023-04-01 $299,900 (-16.6%) $365,495 (-0.4%) 0.63 60
    2023-05-01 $294,950 (-9.6%) $363,557 (2.7%) 0.64 73
    2023-06-01 $320,995 (8.4%) $368,259 (11.4%) 0.68 95
    2023-07-01 $339,900 (7.9%) $359,407 (3.6%) 0.70 116
    2023-08-01 $326,150 (0.8%) $373,625 (10.3%) 0.69 127
    2023-09-01 $299,945 (-2.4%) $359,551 (7.7%) 0.69 147
    2023-10-01 $299,575 (1.6%) $349,259 (6.0%) 0.69 148
    2023-11-01 $297,450 (0.9%) $345,473 (2.3%) 0.72 139
    2023-12-01 $316,950 (5.7%) $366,129 (7.0%) 0.76 114
    2024-01-01 $349,925 (18.7%) $385,973 (11.2%) 0.84 88
    2024-02-01 $350,725 (20.4%) $399,849 (16.6%) 0.84 77
    2024-03-01 $335,000 (21.8%) $349,927 (2.0%) 0.82 83
    2024-04-01 $346,150 (15.4%) $390,358 (6.8%) 0.83 76
    2024-05-01 $349,900 (18.6%) $392,100 (7.9%) 0.87 95
    2024-06-01 $345,900 (7.8%) $383,440 (4.1%) 0.83 127
    2024-07-01 $344,925 (1.5%) $378,147 (5.2%) 0.79 146
    2024-08-01 $329,900 (1.2%) $364,893 (-2.3%) 0.80 148
    2024-09-01 $319,800 (6.6%) $345,284 (-4.0%) 0.78 167
    2024-10-01 $304,400 (1.6%) $345,801 (-1.0%) 0.74 166
    2024-11-01 $299,000 (0.5%) $344,821 (-0.2%) 0.72 156
    2024-12-01 $301,950 (-4.7%) $364,679 (-0.4%) 0.77 127
    2025-01-01 $301,150 (-13.9%) $372,530 (-3.5%) 0.00 106
    Wausau's median listing price for 2025-01-01 was $301,150, a difference of $-48,775 (-13.9%) versus the prior year and $-800 versus the prior month.

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

    Wausau's average listing price for 2025-01-01 was $372,530, a difference of $-13,443 (-3.5%) versus the prior year and $7,851 versus the prior month.

    For the 2025-01-01 period, Wausau had 106 MLS listings, a difference of -21 listings (-17%) versus the prior month and 18 listings (20%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Wausau (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 99 days 2,153 sqft
    2018-02-01 97 days 2,160 sqft
    2018-03-01 68 days 2,160 sqft
    2018-04-01 60 days 2,117 sqft
    2018-05-01 54 days 2,113 sqft
    2018-06-01 47 days 2,100 sqft
    2018-07-01 52 days 2,080 sqft
    2018-08-01 60 days 2,031 sqft
    2018-09-01 64 days 2,000 sqft
    2018-10-01 72 days 1,979 sqft
    2018-11-01 81 days 2,021 sqft
    2018-12-01 99 days 2,128 sqft
    2019-01-01 100 days 2,053 sqft
    2019-02-01 96 days 2,078 sqft
    2019-03-01 75 days 2,036 sqft
    2019-04-01 59 days 2,008 sqft
    2019-05-01 49 days 2,000 sqft
    2019-06-01 45 days 1,988 sqft
    2019-07-01 48 days 2,000 sqft
    2019-08-01 54 days 1,987 sqft
    2019-09-01 59 days 1,984 sqft
    2019-10-01 61 days 1,979 sqft
    2019-11-01 73 days 2,008 sqft
    2019-12-01 87 days 1,969 sqft
    2020-01-01 94 days 1,973 sqft
    2020-02-01 95 days 2,012 sqft
    2020-03-01 66 days 2,074 sqft
    2020-04-01 66 days 2,080 sqft
    2020-05-01 77 days 2,132 sqft
    2020-06-01 76 days 2,264 sqft
    2020-07-01 64 days 2,236 sqft
    2020-08-01 65 days 2,089 sqft
    2020-09-01 59 days 2,030 sqft
    2020-10-01 52 days 1,961 sqft
    2020-11-01 69 days 1,861 sqft
    2020-12-01 81 days 1,867 sqft
    2021-01-01 94 days 1,803 sqft
    2021-02-01 91 days 1,825 sqft
    2021-03-01 51 days 1,957 sqft
    2021-04-01 49 days 1,934 sqft
    2021-05-01 38 days 1,976 sqft
    2021-06-01 31 days 2,001 sqft
    2021-07-01 38 days 1,941 sqft
    2021-08-01 42 days 1,954 sqft
    2021-09-01 47 days 1,954 sqft
    2021-10-01 49 days 1,960 sqft
    2021-11-01 56 days 1,944 sqft
    2021-12-01 68 days 2,025 sqft
    2022-01-01 86 days 1,877 sqft
    2022-02-01 64 days 1,968 sqft
    2022-03-01 45 days 2,017 sqft
    2022-04-01 35 days 2,128 sqft
    2022-05-01 25 days 2,049 sqft
    2022-06-01 34 days 2,047 sqft
    2022-07-01 40 days 2,067 sqft
    2022-08-01 39 days 2,068 sqft
    2022-09-01 45 days 2,084 sqft
    2022-10-01 46 days 2,027 sqft
    2022-11-01 51 days 1,985 sqft
    2022-12-01 73 days 2,043 sqft
    2023-01-01 88 days 2,111 sqft
    2023-02-01 88 days 2,030 sqft
    2023-03-01 57 days 2,056 sqft
    2023-04-01 47 days 2,075 sqft
    2023-05-01 33 days 2,025 sqft
    2023-06-01 29 days 1,987 sqft
    2023-07-01 35 days 1,936 sqft
    2023-08-01 38 days 1,983 sqft
    2023-09-01 38 days 1,944 sqft
    2023-10-01 50 days 1,862 sqft
    2023-11-01 51 days 1,794 sqft
    2023-12-01 56 days 1,833 sqft
    2024-01-01 73 days 1,998 sqft
    2024-02-01 62 days 1,976 sqft
    2024-03-01 49 days 1,850 sqft
    2024-04-01 46 days 2,027 sqft
    2024-05-01 23 days 2,045 sqft
    2024-06-01 36 days 2,086 sqft
    2024-07-01 42 days 2,105 sqft
    2024-08-01 43 days 2,023 sqft
    2024-09-01 43 days 1,943 sqft
    2024-10-01 44 days 1,903 sqft
    2024-11-01 54 days 1,848 sqft
    2024-12-01 77 days 1,858 sqft
    2025-01-01 0 days 1,844 sqft
    Wausau'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.

    Wausau's median square footage for active listings during the 2025-01-01 period was 1,844 sqft. One year prior, the average listing was 1,998 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).