Eau Claire USDA Loan Rates, Closing Costs & Stats

EAU CLAIRE, WI

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Eau Claire's 11 lenders originated 21 USDA loans during 2022. The total origination value was $3,675,000, with an average USDA loan value of $175,000.

Eau Claire USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Eau Claire averaged 6.44% for the week of 2024-03-01, compared to the national average (all USDA variants) of 6.729% for the same period.

Eau Claire's average USDA mortgage closing costs are $4,700.

The average rate for the prior week (2024-02-23) was 6.39% and one month ago for the week of 2024-01-26, the average rate was 6.25%.

The average rate one year ago was 5.91%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.33%.

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

Eau Claire USDA Loan Lenders by Rates & Fees

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

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
FINANCE OF AMERICA MORTGAGE LLC 6 4.44% $6,190
Associated Bank 3 4.71% $4,193
Barrington Bank & Trust Company, N.A. 2 5.25% $5,652
CHERRY CREEK MORTGAGE, LLC 2 4.94% $1,271
FREEDOM MORTGAGE CORPORATION 1 3.13% $8,219
LAND HOME FINANCIAL SERVICES, INC. 1 3.75% $6,944
Prosperity Home Mortgage, LLC 1 2.88% $4,486
UNITED WHOLESALE MORTGAGE, LLC 1 5.13% $5,309
Bank of England 1 4.00% $8,392
COMPASS MORTGAGE, INC. 1 4.25% $4,643
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.25% $7,664

The top Eau Claire USDA lender as defined by loan originations is FINANCE OF AMERICA MORTGAGE LLC, with 6 USDA loans originated. Their average total fees are $6,190, which is $1,997 higher than the next largest lender, Associated Bank.

The lowest fee Eau Claire USDA lenders (with over 10 loans originated) are .

The lowest rate Eau Claire USDA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Eau Claire (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 $233,900 (6.4%) $285,151 (2.8%) 0.87 299
2018-02-01 $244,900 (4.3%) $294,674 (-0.1%) 0.89 308
2018-03-01 $248,900 (2.7%) $288,016 (-4.1%) 0.87 358
2018-04-01 $244,900 (2.1%) $285,823 (-7.4%) 0.83 363
2018-05-01 $249,900 (0.0%) $289,666 (-8.0%) 0.83 381
2018-06-01 $258,900 (4.3%) $302,409 (-2.1%) 0.86 378
2018-07-01 $252,400 (1.0%) $297,157 (-4.0%) 0.84 432
2018-08-01 $249,900 (2.0%) $292,739 (-3.1%) 0.84 483
2018-09-01 $239,900 (2.1%) $289,875 (-2.6%) 0.81 474
2018-10-01 $232,688 (1.3%) $283,338 (-4.3%) 0.79 481
2018-11-01 $230,194 (2.1%) $283,529 (-3.2%) 0.78 443
2018-12-01 $234,900 (3.3%) $286,576 (5.2%) 0.81 358
2019-01-01 $240,450 (2.8%) $290,761 (2.0%) 0.83 333
2019-02-01 $254,025 (3.7%) $308,380 (4.7%) 0.86 321
2019-03-01 $259,900 (4.4%) $325,697 (13.1%) 0.85 314
2019-04-01 $259,900 (6.1%) $320,815 (12.2%) 0.83 328
2019-05-01 $249,900 (0.0%) $311,472 (7.5%) 0.78 347
2019-06-01 $249,900 (-3.5%) $302,688 (0.1%) 0.78 389
2019-07-01 $244,450 (-3.2%) $303,396 (2.1%) 0.77 406
2019-08-01 $242,245 (-3.1%) $306,104 (4.6%) 0.77 412
2019-09-01 $238,114 (-0.7%) $303,614 (4.7%) 0.76 421
2019-10-01 $234,900 (1.0%) $299,117 (5.6%) 0.76 443
2019-11-01 $229,900 (-0.1%) $299,206 (5.5%) 0.75 433
2019-12-01 $225,675 (-3.9%) $303,351 (5.9%) 0.75 375
2020-01-01 $229,900 (-4.4%) $307,970 (5.9%) 0.77 306
2020-02-01 $259,900 (2.3%) $329,594 (6.9%) 0.85 282
2020-03-01 $261,463 (0.6%) $331,988 (1.9%) 0.82 304
2020-04-01 $262,519 (1.0%) $323,208 (0.8%) 0.82 335
2020-05-01 $270,400 (8.2%) $326,960 (5.0%) 0.82 325
2020-06-01 $278,850 (11.6%) $345,983 (14.3%) 0.82 304
2020-07-01 $286,350 (17.1%) $355,069 (17.0%) 0.83 269
2020-08-01 $274,900 (13.5%) $341,358 (11.5%) 0.79 265
2020-09-01 $263,450 (10.6%) $323,338 (6.5%) 0.75 283
2020-10-01 $254,950 (8.5%) $312,344 (4.4%) 0.73 237
2020-11-01 $248,450 (8.1%) $299,020 (-0.1%) 0.73 241
2020-12-01 $248,481 (10.1%) $301,949 (-0.5%) 0.74 208
2021-01-01 $259,400 (12.8%) $335,312 (8.9%) 0.77 140
2021-02-01 $272,050 (4.7%) $352,700 (7.0%) 0.79 136
2021-03-01 $266,150 (1.8%) $380,747 (14.7%) 0.76 121
2021-04-01 $272,400 (3.8%) $381,430 (18.0%) 0.74 127
2021-05-01 $274,900 (1.7%) $349,948 (7.0%) 0.73 157
2021-06-01 $284,900 (2.2%) $349,311 (1.0%) 0.75 178
2021-07-01 $287,450 (0.4%) $348,141 (-2.0%) 0.76 206
2021-08-01 $299,900 (9.1%) $347,883 (1.9%) 0.80 222
2021-09-01 $299,925 (13.9%) $355,587 (10.0%) 0.80 256
2021-10-01 $279,900 (9.8%) $337,645 (8.1%) 0.75 247
2021-11-01 $282,450 (13.7%) $359,647 (20.3%) 0.75 216
2021-12-01 $298,175 (20.0%) $360,246 (19.3%) 0.81 186
2022-01-01 $289,900 (11.8%) $349,399 (4.2%) 0.78 139
2022-02-01 $312,325 (14.8%) $370,575 (5.1%) 0.81 116
2022-03-01 $324,400 (21.9%) $399,467 (4.9%) 0.81 118
2022-04-01 $319,900 (17.4%) $379,819 (-0.4%) 0.76 134
2022-05-01 $333,450 (21.3%) $394,776 (12.8%) 0.76 171
2022-06-01 $354,200 (24.3%) $406,406 (16.4%) 0.79 202
2022-07-01 $345,450 (20.2%) $393,280 (13.0%) 0.78 257
2022-08-01 $364,925 (21.7%) $412,939 (18.7%) 0.84 246
2022-09-01 $369,900 (23.3%) $417,447 (17.4%) 0.86 226
2022-10-01 $372,400 (33.1%) $424,514 (25.7%) 0.88 222
2022-11-01 $357,450 (26.6%) $406,479 (13.0%) 0.86 224
2022-12-01 $359,900 (20.7%) $406,800 (12.9%) 0.89 190
2023-01-01 $359,450 (24.0%) $409,840 (17.3%) 0.89 159
2023-02-01 $332,475 (6.5%) $407,618 (10.0%) 0.80 140
2023-03-01 $334,950 (3.3%) $413,482 (3.5%) 0.79 136
2023-04-01 $346,900 (8.4%) $433,717 (14.2%) 0.81 131
2023-05-01 $382,450 (14.7%) $467,997 (18.6%) 0.87 143
2023-06-01 $382,450 (8.0%) $451,488 (11.1%) 0.86 157
2023-07-01 $394,950 (14.3%) $469,206 (19.3%) 0.90 183
2023-08-01 $372,413 (2.1%) $451,009 (9.2%) 0.86 219
2023-09-01 $364,900 (-1.4%) $446,174 (6.9%) 0.85 244
2023-10-01 $368,425 (-1.1%) $441,492 (4.0%) 0.87 280
2023-11-01 $385,500 (7.9%) $455,979 (12.2%) 0.92 248
2023-12-01 $395,000 (9.8%) $456,762 (12.3%) 0.96 213
2024-01-01 $399,900 (11.3%) $466,856 (13.9%) 0.98 171
Eau Claire's median listing price for 2024-01-01 was $399,900, a difference of $40,450 (11.3%) versus the prior year and $4,900 versus the prior month.

Eau Claire's median listing price comes in at 98% of the national average.

Eau Claire's average listing price for 2024-01-01 was $466,856, a difference of $57,016 (13.9%) versus the prior year and $10,094 versus the prior month.

For the 2024-01-01 period, Eau Claire had 171 MLS listings, a difference of -42 listings (-20%) versus the prior month and 12 listings (8%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Eau Claire (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 118 days 2,015 sqft
2018-02-01 103 days 1,964 sqft
2018-03-01 41 days 2,018 sqft
2018-04-01 45 days 2,067 sqft
2018-05-01 53 days 2,029 sqft
2018-06-01 51 days 2,027 sqft
2018-07-01 48 days 2,052 sqft
2018-08-01 47 days 2,036 sqft
2018-09-01 54 days 1,975 sqft
2018-10-01 61 days 1,977 sqft
2018-11-01 70 days 1,876 sqft
2018-12-01 92 days 1,840 sqft
2019-01-01 98 days 1,796 sqft
2019-02-01 94 days 1,949 sqft
2019-03-01 70 days 2,020 sqft
2019-04-01 50 days 1,997 sqft
2019-05-01 44 days 1,839 sqft
2019-06-01 40 days 1,906 sqft
2019-07-01 49 days 1,887 sqft
2019-08-01 55 days 1,818 sqft
2019-09-01 58 days 1,784 sqft
2019-10-01 58 days 1,762 sqft
2019-11-01 64 days 1,745 sqft
2019-12-01 80 days 1,716 sqft
2020-01-01 89 days 1,722 sqft
2020-02-01 96 days 1,796 sqft
2020-03-01 57 days 1,905 sqft
2020-04-01 51 days 1,900 sqft
2020-05-01 49 days 1,965 sqft
2020-06-01 58 days 2,066 sqft
2020-07-01 62 days 2,011 sqft
2020-08-01 47 days 2,028 sqft
2020-09-01 33 days 1,922 sqft
2020-10-01 40 days 1,890 sqft
2020-11-01 43 days 1,785 sqft
2020-12-01 59 days 1,784 sqft
2021-01-01 72 days 1,800 sqft
2021-02-01 50 days 1,854 sqft
2021-03-01 31 days 1,800 sqft
2021-04-01 25 days 1,803 sqft
2021-05-01 18 days 1,672 sqft
2021-06-01 26 days 1,683 sqft
2021-07-01 26 days 1,714 sqft
2021-08-01 31 days 1,913 sqft
2021-09-01 38 days 1,859 sqft
2021-10-01 45 days 1,685 sqft
2021-11-01 56 days 1,698 sqft
2021-12-01 56 days 1,735 sqft
2022-01-01 66 days 1,628 sqft
2022-02-01 63 days 1,672 sqft
2022-03-01 40 days 1,725 sqft
2022-04-01 23 days 1,825 sqft
2022-05-01 23 days 2,047 sqft
2022-06-01 27 days 2,084 sqft
2022-07-01 30 days 1,952 sqft
2022-08-01 42 days 2,129 sqft
2022-09-01 53 days 2,098 sqft
2022-10-01 48 days 2,047 sqft
2022-11-01 49 days 1,994 sqft
2022-12-01 68 days 2,000 sqft
2023-01-01 78 days 1,970 sqft
2023-02-01 78 days 1,834 sqft
2023-03-01 59 days 1,840 sqft
2023-04-01 36 days 1,893 sqft
2023-05-01 30 days 2,122 sqft
2023-06-01 28 days 2,152 sqft
2023-07-01 29 days 2,154 sqft
2023-08-01 30 days 2,028 sqft
2023-09-01 39 days 2,000 sqft
2023-10-01 43 days 2,083 sqft
2023-11-01 62 days 2,083 sqft
2023-12-01 83 days 2,059 sqft
2024-01-01 99 days 2,011 sqft
Eau Claire's median listing age (time on market) for 2024-01-01 was 99 days. This is 26% longer than the same period one year ago.

Eau Claire's median square footage for active listings during the 2024-01-01 period was 2,011 sqft. One year prior, the average listing was 1,970 sqft.