Wisconsin Rapids FHA Loan Rates, Closing Costs & Stats
Wisconsin Rapids-Marshfield, WI
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.
Wisconsin Rapids's 34 lenders originated 133 FHA loans during 2023. The total origination value was $22,125,000, with an average FHA loan value of $166,353.
Wisconsin Rapids FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Wisconsin Rapids
averaged
-0.12%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Wisconsin Rapids's average FHA mortgage closing costs are $6,146.
The average rate for the prior week (2024-11-22) was
6.47% and
one month ago for the week of 2024-10-25, the
average rate was 6.25%.
The average rate one year ago was 7.14%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0%.
Wisconsin Rapids 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 Wisconsin Rapids level.
The top Wisconsin Rapids FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
23 FHA loans originated. Their average total fees are
$8,636, which is $2,133
higher than the next largest lender,
Waterstone Mortgage Corporation.
The lowest fee Wisconsin Rapids FHA lenders (with over 10 loans originated) are
Waterstone Mortgage Corporation ($6,503), Ixonia Bank ($7,132), QUICKEN LOANS, LLC ($8,636), .
The lowest rate Wisconsin Rapids FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.38%), Waterstone Mortgage Corporation (6.71%), Ixonia Bank (7.19%), .
Wisconsin Rapids FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
WISCONSIN RAPIDS-MARSHFIELD, WI | WOOD | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
WISCONSIN RAPIDS-MARSHFIELD, WI | WOOD | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Wisconsin Rapids (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $120,400 (4.8%) | $150,192 (7.9%) | 0.00 | 235 |
2018-02-01 | $125,000 (10.0%) | $153,469 (10.1%) | 0.00 | 246 |
2018-03-01 | $129,900 (9.2%) | $156,776 (7.0%) | 0.00 | 275 |
2018-04-01 | $130,953 (9.2%) | $159,270 (7.1%) | 0.00 | 276 |
2018-05-01 | $130,650 (8.5%) | $158,153 (8.3%) | 0.00 | 307 |
2018-06-01 | $135,000 (8.1%) | $163,352 (13.5%) | 0.00 | 331 |
2018-07-01 | $135,675 (13.2%) | $164,531 (15.9%) | 0.00 | 330 |
2018-08-01 | $139,200 (16.2%) | $161,784 (12.8%) | 0.00 | 323 |
2018-09-01 | $139,900 (16.9%) | $161,426 (15.6%) | 0.00 | 318 |
2018-10-01 | $139,650 (16.5%) | $161,688 (15.1%) | 0.00 | 307 |
2018-11-01 | $136,050 (13.5%) | $157,611 (10.8%) | 0.00 | 277 |
2018-12-01 | $135,000 (14.3%) | $156,651 (6.2%) | 0.00 | 243 |
2019-01-01 | $126,675 (5.2%) | $155,020 (3.2%) | 0.00 | 222 |
2019-02-01 | $136,050 (8.8%) | $161,619 (5.3%) | 0.00 | 220 |
2019-03-01 | $142,086 (9.4%) | $595,176 (279.6%) | 0.00 | 230 |
2019-04-01 | $144,636 (10.5%) | $597,139 (274.9%) | 0.00 | 246 |
2019-05-01 | $149,225 (14.2%) | $169,969 (7.5%) | 0.00 | 268 |
2019-06-01 | $149,000 (10.4%) | $167,104 (2.3%) | 0.00 | 281 |
2019-07-01 | $149,000 (9.8%) | $167,234 (1.6%) | 0.00 | 283 |
2019-08-01 | $143,700 (3.2%) | $167,848 (3.8%) | 0.00 | 285 |
2019-09-01 | $138,750 (-0.8%) | $168,657 (4.5%) | 0.00 | 283 |
2019-10-01 | $134,900 (-3.4%) | $168,514 (4.2%) | 0.00 | 281 |
2019-11-01 | $131,900 (-3.1%) | $164,637 (4.5%) | 0.00 | 257 |
2019-12-01 | $129,900 (-3.8%) | $162,384 (3.7%) | 0.00 | 210 |
2020-01-01 | $129,350 (2.1%) | $162,658 (4.9%) | 0.00 | 189 |
2020-02-01 | $133,700 (-1.7%) | $165,546 (2.4%) | 0.00 | 185 |
2020-03-01 | $139,900 (-1.5%) | $173,770 (-70.8%) | 0.00 | 191 |
2020-04-01 | $144,900 (0.2%) | $179,128 (-70.0%) | 0.00 | 186 |
2020-05-01 | $146,900 (-1.6%) | $190,143 (11.9%) | 0.00 | 110 |
2020-06-01 | $149,950 (0.6%) | $199,159 (19.2%) | 0.00 | 108 |
2020-07-01 | $155,000 (4.0%) | $206,632 (23.6%) | 0.00 | 109 |
2020-08-01 | $151,450 (5.4%) | $205,521 (22.4%) | 0.00 | 111 |
2020-09-01 | $138,900 (0.1%) | $190,722 (13.1%) | 0.00 | 128 |
2020-10-01 | $154,800 (14.8%) | $196,921 (16.9%) | 0.00 | 122 |
2020-11-01 | $139,900 (6.1%) | $185,097 (12.4%) | 0.00 | 116 |
2020-12-01 | $149,000 (14.7%) | $188,501 (16.1%) | 0.00 | 102 |
2021-01-01 | $148,700 (15.0%) | $190,538 (17.1%) | 0.00 | 87 |
2021-02-01 | $149,900 (12.1%) | $203,403 (22.9%) | 0.00 | 69 |
2021-03-01 | $195,100 (39.5%) | $240,219 (38.2%) | 0.00 | 47 |
2021-04-01 | $184,850 (27.6%) | $244,049 (36.2%) | 0.00 | 49 |
2021-05-01 | $169,500 (15.4%) | $243,130 (27.9%) | 0.00 | 58 |
2021-06-01 | $164,625 (9.8%) | $214,862 (7.9%) | 0.00 | 68 |
2021-07-01 | $167,500 (8.1%) | $208,381 (0.9%) | 0.00 | 89 |
2021-08-01 | $158,175 (4.4%) | $198,541 (-3.4%) | 0.00 | 99 |
2021-09-01 | $166,300 (19.7%) | $205,114 (7.6%) | 0.00 | 102 |
2021-10-01 | $159,900 (3.3%) | $205,469 (4.3%) | 0.00 | 98 |
2021-11-01 | $169,900 (21.4%) | $205,584 (11.1%) | 0.00 | 87 |
2021-12-01 | $165,450 (11.0%) | $200,753 (6.5%) | 0.00 | 75 |
2022-01-01 | $174,900 (17.6%) | $202,275 (6.2%) | 0.00 | 48 |
2022-02-01 | $176,850 (18.0%) | $193,890 (-4.7%) | 0.00 | 44 |
2022-03-01 | $205,425 (5.3%) | $211,836 (-11.8%) | 0.00 | 35 |
2022-04-01 | $227,450 (23.1%) | $241,496 (-1.1%) | 0.00 | 35 |
2022-05-01 | $218,675 (29.0%) | $261,712 (7.6%) | 0.00 | 48 |
2022-06-01 | $226,180 (37.4%) | $278,101 (29.4%) | 0.00 | 61 |
2022-07-01 | $199,950 (19.4%) | $274,639 (31.8%) | 0.00 | 69 |
2022-08-01 | $223,700 (41.4%) | $285,188 (43.6%) | 0.00 | 72 |
2022-09-01 | $227,400 (36.7%) | $284,921 (38.9%) | 0.00 | 70 |
2022-10-01 | $214,900 (34.4%) | $289,033 (40.7%) | 0.00 | 71 |
2022-11-01 | $202,900 (19.4%) | $279,657 (36.0%) | 0.00 | 78 |
2022-12-01 | $209,900 (26.9%) | $292,976 (45.9%) | 0.00 | 67 |
2023-01-01 | $217,425 (24.3%) | $270,261 (33.6%) | 0.00 | 61 |
2023-02-01 | $219,925 (24.4%) | $297,925 (53.7%) | 0.00 | 45 |
2023-03-01 | $220,725 (7.5%) | $299,480 (41.4%) | 0.00 | 47 |
2023-04-01 | $224,950 (-1.1%) | $334,992 (38.7%) | 0.00 | 38 |
2023-05-01 | $229,925 (5.1%) | $298,657 (14.1%) | 0.00 | 51 |
2023-06-01 | $237,900 (5.2%) | $318,517 (14.5%) | 0.00 | 64 |
2023-07-01 | $225,000 (12.5%) | $319,838 (16.5%) | 0.00 | 62 |
2023-08-01 | $247,400 (10.6%) | $349,000 (22.4%) | 0.00 | 75 |
2023-09-01 | $249,900 (9.9%) | $335,893 (17.9%) | 0.00 | 86 |
2023-10-01 | $239,975 (11.7%) | $335,413 (16.1%) | 0.00 | 86 |
2023-11-01 | $249,900 (23.2%) | $306,535 (9.6%) | 0.00 | 87 |
2023-12-01 | $239,900 (14.3%) | $307,369 (4.9%) | 0.00 | 83 |
2024-01-01 | $241,175 (10.9%) | $303,229 (12.2%) | 0.00 | 62 |
2024-02-01 | $244,825 (11.3%) | $305,110 (2.4%) | 0.00 | 65 |
2024-03-01 | $249,900 (13.2%) | $308,159 (2.9%) | 0.00 | 57 |
2024-04-01 | $239,775 (6.6%) | $275,993 (-17.6%) | 0.00 | 66 |
2024-05-01 | $270,000 (17.4%) | $322,815 (8.1%) | 0.00 | 75 |
2024-06-01 | $277,450 (16.6%) | $330,866 (3.9%) | 0.00 | 79 |
2024-07-01 | $269,150 (19.6%) | $335,751 (5.0%) | 0.00 | 91 |
2024-08-01 | $262,450 (6.1%) | $317,127 (-9.1%) | 0.00 | 99 |
2024-09-01 | $261,425 (4.6%) | $310,964 (-7.4%) | 0.00 | 98 |
2024-10-01 | $279,450 (16.5%) | $311,617 (-7.1%) | 0.00 | 100 |
Wisconsin Rapids's median listing price comes in at 0% of the national average.
Wisconsin Rapids's average listing price for 2024-10-01 was $311,617, a difference of $-23,796 (-7.1%) versus the prior year and $653 versus the prior month.
For the 2024-10-01 period, Wisconsin Rapids had 100 MLS listings, a difference of 2 listings (2%) versus the prior month and 14 listings (16%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Wisconsin Rapids (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,633 sqft |
2018-02-01 | 0 days | 1,708 sqft |
2018-03-01 | 0 days | 1,742 sqft |
2018-04-01 | 0 days | 1,737 sqft |
2018-05-01 | 0 days | 1,703 sqft |
2018-06-01 | 0 days | 1,696 sqft |
2018-07-01 | 0 days | 1,711 sqft |
2018-08-01 | 0 days | 1,760 sqft |
2018-09-01 | 0 days | 1,781 sqft |
2018-10-01 | 0 days | 1,803 sqft |
2018-11-01 | 0 days | 1,772 sqft |
2018-12-01 | 0 days | 1,718 sqft |
2019-01-01 | 0 days | 1,675 sqft |
2019-02-01 | 0 days | 1,737 sqft |
2019-03-01 | 0 days | 1,813 sqft |
2019-04-01 | 0 days | 1,838 sqft |
2019-05-01 | 0 days | 1,827 sqft |
2019-06-01 | 0 days | 1,806 sqft |
2019-07-01 | 0 days | 1,770 sqft |
2019-08-01 | 0 days | 1,718 sqft |
2019-09-01 | 0 days | 1,702 sqft |
2019-10-01 | 0 days | 1,697 sqft |
2019-11-01 | 0 days | 1,642 sqft |
2019-12-01 | 0 days | 1,618 sqft |
2020-01-01 | 0 days | 1,614 sqft |
2020-02-01 | 0 days | 1,627 sqft |
2020-03-01 | 0 days | 1,622 sqft |
2020-04-01 | 0 days | 1,625 sqft |
2020-05-01 | 0 days | 1,624 sqft |
2020-06-01 | 0 days | 1,610 sqft |
2020-07-01 | 0 days | 1,702 sqft |
2020-08-01 | 0 days | 1,649 sqft |
2020-09-01 | 0 days | 1,696 sqft |
2020-10-01 | 0 days | 1,785 sqft |
2020-11-01 | 0 days | 1,690 sqft |
2020-12-01 | 0 days | 1,695 sqft |
2021-01-01 | 0 days | 1,658 sqft |
2021-02-01 | 0 days | 1,772 sqft |
2021-03-01 | 0 days | 1,924 sqft |
2021-04-01 | 0 days | 1,861 sqft |
2021-05-01 | 0 days | 1,790 sqft |
2021-06-01 | 0 days | 1,639 sqft |
2021-07-01 | 0 days | 1,629 sqft |
2021-08-01 | 0 days | 1,609 sqft |
2021-09-01 | 0 days | 1,723 sqft |
2021-10-01 | 0 days | 1,548 sqft |
2021-11-01 | 0 days | 1,640 sqft |
2021-12-01 | 0 days | 1,630 sqft |
2022-01-01 | 0 days | 1,659 sqft |
2022-02-01 | 0 days | 1,684 sqft |
2022-03-01 | 0 days | 1,649 sqft |
2022-04-01 | 0 days | 1,936 sqft |
2022-05-01 | 0 days | 1,917 sqft |
2022-06-01 | 0 days | 1,907 sqft |
2022-07-01 | 0 days | 1,877 sqft |
2022-08-01 | 0 days | 1,850 sqft |
2022-09-01 | 0 days | 1,839 sqft |
2022-10-01 | 0 days | 1,879 sqft |
2022-11-01 | 0 days | 1,833 sqft |
2022-12-01 | 0 days | 1,826 sqft |
2023-01-01 | 0 days | 1,815 sqft |
2023-02-01 | 0 days | 1,805 sqft |
2023-03-01 | 0 days | 1,819 sqft |
2023-04-01 | 0 days | 1,844 sqft |
2023-05-01 | 0 days | 1,759 sqft |
2023-06-01 | 0 days | 1,933 sqft |
2023-07-01 | 0 days | 1,810 sqft |
2023-08-01 | 0 days | 1,841 sqft |
2023-09-01 | 0 days | 1,900 sqft |
2023-10-01 | 0 days | 1,897 sqft |
2023-11-01 | 0 days | 1,925 sqft |
2023-12-01 | 0 days | 1,840 sqft |
2024-01-01 | 0 days | 1,841 sqft |
2024-02-01 | 0 days | 1,830 sqft |
2024-03-01 | 0 days | 1,862 sqft |
2024-04-01 | 0 days | 1,772 sqft |
2024-05-01 | 0 days | 1,915 sqft |
2024-06-01 | 0 days | 1,968 sqft |
2024-07-01 | 0 days | 1,946 sqft |
2024-08-01 | 0 days | 1,862 sqft |
2024-09-01 | 0 days | 1,911 sqft |
2024-10-01 | 0 days | 1,986 sqft |
Wisconsin Rapids's median square footage for active listings during the 2024-10-01 period was 1,986 sqft. One year prior, the average listing was 1,897 sqft.