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 4 lenders originated 6 USDA loans during 2023. The total origination value was $1,000,000, with an average USDA loan value of $166,667.
Eau Claire USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Eau Claire
averaged
6.94%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Eau Claire's average USDA mortgage closing costs are $4,788.
The average rate for the prior week (2024-04-12) was
6.7% and
one month ago for the week of 2024-03-15, the
average rate was 6.58%.
The average rate one year ago was 6.32%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.93%.
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 | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| CROSSCOUNTRY MORTGAGE, LLC | 2 | 6.75% | $6,317 |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 1 | 6.13% | $8,870 |
| Barrington Bank & Trust Company, N.A. | 1 | 6.25% | $6,976 |
| Lend Smart Mortgage, LLC | 1 | 5.50% | $4,172 |
The top Eau Claire USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with
2 USDA loans originated. Their average total fees are
$6,317, which is $2,553
lower than the next largest lender,
AMERICAN PACIFIC MORTGAGE CORPORATION.
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 |
| 2024-02-01 | $399,900 (20.3%) | $471,779 (15.7%) | 0.96 | 161 |
| 2024-03-01 | $399,900 (19.4%) | $464,711 (12.4%) | 0.94 | 171 |
Eau Claire's median listing price comes in at 94% of the national average.
Eau Claire's average listing price for 2024-03-01 was $464,711, a difference of $51,229 (12.4%) versus the prior year and $-7,068 versus the prior month.
For the 2024-03-01 period, Eau Claire had 171 MLS listings, a difference of 10 listings (6%) versus the prior month and 35 listings (26%) 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 |
| 2024-02-01 | 83 days | 2,014 sqft |
| 2024-03-01 | 40 days | 2,085 sqft |
Eau Claire's median square footage for active listings during the 2024-03-01 period was 2,085 sqft. One year prior, the average listing was 1,840 sqft.