Eau Claire USDA Loans
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 16 lenders originated 33 USDA loans during 2021. The total origination value was $5,815,000, with an average USDA loan value of $176,212.
Eau Claire USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Eau Claire
averaged
5.4%
for the week of 2022-08-05, compared to the national average (all USDA variants) of
5.294% for the same period.
The average rate for the prior week (2022-07-29) was
5.23% and
one month ago for the week of 2022-07-01, the
average rate was 5.76%.
The average rate one year ago was 3.15%.
For refis of the same type during the week of 2022-08-05, the average rate
was 5.17%.
Eau Claire USDA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Eau Claire level.
| Name | # of Loans | 2021 Avg. 30yFix Rate | 2021 Avg. Total Fees |
|---|---|---|---|
| FINANCE OF AMERICA MORTGAGE LLC | 7 | 3.00% | $4,370 |
| Lend Smart Mortgage, LLC | 4 | 2.84% | $5,396 |
| Flagstar Bank, FSB | 2 | 2.75% | $4,323 |
| GSF Mortgage Corporation | 2 | 3.69% | $3,108 |
| Barrington Bank & Trust Company, N.A. | 2 | 2.75% | $5,500 |
| CROSSCOUNTRY MORTGAGE, LLC | 2 | 3.31% | $4,330 |
| LOANDEPOT.COM, LLC | 2 | 3.25% | $5,147 |
| PARKSIDE LENDING, LLC | 2 | 3.06% | $4,491 |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 2 | 3.38% | $6,726 |
| Prosperity Home Mortgage, LLC | 2 | 2.75% | $4,634 |
| WNB Financial, N.A. | 1 | 3.13% | $4,309 |
| PLAZA HOME MORTGAGE, INC. | 1 | 3.00% | $6,192 |
| Ixonia Bank | 1 | 3.00% | $6,444 |
| Carrington Mortgage Services, LLC | 1 | 4.63% | $6,506 |
| WESTconsin Credit Union | 1 | 3.25% | $2,649 |
| Merchants Bank | 1 | 2.53% | $5,617 |
The top Eau Claire USDA lender as defined by loan originations is FINANCE OF AMERICA MORTGAGE LLC, with
7 USDA loans originated. Their average total fees are
$4,370, which is $1,025
lower than the next largest lender,
Lend Smart Mortgage, LLC.
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 | $235,950 (4.9%) | $302,134 (6.1%) | 0.87 | 328 |
| 2018-02-01 | $249,850 (4.2%) | $309,500 (2.4%) | 0.90 | 340 |
| 2018-03-01 | $249,900 (3.1%) | $300,467 (-1.9%) | 0.86 | 393 |
| 2018-04-01 | $244,900 (-0.9%) | $291,255 (-9.5%) | 0.82 | 390 |
| 2018-05-01 | $249,900 (-1.6%) | $291,105 (-10.1%) | 0.83 | 414 |
| 2018-06-01 | $269,900 (8.0%) | $314,499 (-0.6%) | 0.90 | 414 |
| 2018-07-01 | $260,400 (0.2%) | $314,534 (0.1%) | 0.87 | 483 |
| 2018-08-01 | $257,450 (-0.7%) | $312,073 (-3.1%) | 0.86 | 550 |
| 2018-09-01 | $249,900 (0.0%) | $308,164 (-1.2%) | 0.84 | 534 |
| 2018-10-01 | $239,900 (0.2%) | $297,382 (-4.5%) | 0.80 | 550 |
| 2018-11-01 | $234,900 (2.6%) | $296,906 (-3.2%) | 0.79 | 500 |
| 2018-12-01 | $239,000 (4.9%) | $300,064 (4.1%) | 0.82 | 407 |
| 2019-01-01 | $244,900 (3.8%) | $307,846 (1.9%) | 0.84 | 380 |
| 2019-02-01 | $256,400 (2.6%) | $326,775 (5.6%) | 0.86 | 366 |
| 2019-03-01 | $262,900 (5.2%) | $339,571 (13.0%) | 0.86 | 356 |
| 2019-04-01 | $262,900 (7.4%) | $339,434 (16.5%) | 0.83 | 370 |
| 2019-05-01 | $257,400 (3.0%) | $325,362 (11.8%) | 0.79 | 393 |
| 2019-06-01 | $249,900 (-7.4%) | $307,893 (-2.1%) | 0.77 | 452 |
| 2019-07-01 | $248,900 (-4.4%) | $308,570 (-1.9%) | 0.77 | 467 |
| 2019-08-01 | $240,943 (-6.4%) | $303,780 (-2.7%) | 0.76 | 525 |
| 2019-09-01 | $234,743 (-6.1%) | $294,703 (-4.4%) | 0.75 | 555 |
| 2019-10-01 | $237,200 (-1.1%) | $297,215 (-0.1%) | 0.76 | 517 |
| 2019-11-01 | $236,900 (0.9%) | $295,065 (-0.6%) | 0.76 | 478 |
| 2019-12-01 | $227,450 (-4.8%) | $301,576 (0.5%) | 0.76 | 416 |
| 2020-01-01 | $231,825 (-5.3%) | $303,898 (-1.3%) | 0.77 | 346 |
| 2020-02-01 | $264,900 (3.3%) | $331,281 (1.4%) | 0.85 | 322 |
| 2020-03-01 | $264,950 (0.8%) | $336,533 (-0.9%) | 0.83 | 353 |
| 2020-04-01 | $267,900 (1.9%) | $325,489 (-4.1%) | 0.83 | 386 |
| 2020-05-01 | $279,900 (8.7%) | $330,875 (1.7%) | 0.85 | 371 |
| 2020-06-01 | $282,450 (13.0%) | $347,064 (12.7%) | 0.82 | 332 |
| 2020-07-01 | $279,900 (12.5%) | $348,672 (13.0%) | 0.80 | 289 |
| 2020-08-01 | $275,000 (14.1%) | $341,911 (12.6%) | 0.79 | 276 |
| 2020-09-01 | $266,400 (13.5%) | $329,193 (11.7%) | 0.76 | 296 |
| 2020-10-01 | $255,000 (7.5%) | $319,677 (7.6%) | 0.73 | 252 |
| 2020-11-01 | $249,450 (5.3%) | $305,771 (3.6%) | 0.71 | 254 |
| 2020-12-01 | $250,000 (9.9%) | $309,486 (2.6%) | 0.73 | 218 |
| 2021-01-01 | $264,900 (14.3%) | $353,668 (16.4%) | 0.78 | 157 |
| 2021-02-01 | $278,650 (5.2%) | $384,034 (15.9%) | 0.80 | 149 |
| 2021-03-01 | $273,950 (3.4%) | $432,691 (28.6%) | 0.77 | 133 |
| 2021-04-01 | $279,950 (4.5%) | $429,651 (32.0%) | 0.75 | 137 |
| 2021-05-01 | $279,000 (-0.3%) | $386,014 (16.7%) | 0.73 | 160 |
| 2021-06-01 | $287,400 (1.8%) | $383,030 (10.4%) | 0.75 | 187 |
| 2021-07-01 | $312,400 (11.6%) | $366,279 (5.1%) | 0.81 | 216 |
| 2021-08-01 | $269,900 (-1.9%) | $322,773 (-5.6%) | 0.71 | 557 |
| 2021-09-01 | $263,725 (-1.0%) | $318,326 (-3.3%) | 0.69 | 525 |
| 2021-10-01 | $262,000 (2.8%) | $317,962 (-0.5%) | 0.69 | 521 |
| 2021-11-01 | $284,900 (14.2%) | $371,178 (21.4%) | 0.75 | 227 |
| 2021-12-01 | $292,500 (17.0%) | $369,983 (19.6%) | 0.78 | 196 |
| 2022-01-01 | $298,900 (12.8%) | $363,239 (2.7%) | 0.80 | 145 |
| 2022-02-01 | $324,900 (16.6%) | $409,388 (6.6%) | 0.83 | 125 |
| 2022-03-01 | $341,400 (24.6%) | $442,699 (2.3%) | 0.84 | 127 |
| 2022-04-01 | $319,900 (14.3%) | $403,234 (-6.2%) | 0.75 | 143 |
| 2022-05-01 | $329,450 (18.1%) | $402,933 (4.4%) | 0.74 | 183 |
| 2022-06-01 | $367,900 (28.0%) | $421,560 (10.1%) | 0.82 | 215 |
Eau Claire's median listing price comes in at 82% of the national average.
Eau Claire's average listing price for 2022-06-01 was $421,560, a difference of $38,530 (10.1%) versus the prior year and $18,627 versus the prior month.
For the 2022-06-01 period, Eau Claire had 215 MLS listings, a difference of 32 listings (17%) versus the prior month and 28 listings (15%) 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 | 129 days | 2,032 sqft |
| 2018-02-01 | 115 days | 2,022 sqft |
| 2018-03-01 | 46 days | 2,072 sqft |
| 2018-04-01 | 48 days | 2,100 sqft |
| 2018-05-01 | 56 days | 2,037 sqft |
| 2018-06-01 | 55 days | 2,072 sqft |
| 2018-07-01 | 51 days | 2,132 sqft |
| 2018-08-01 | 52 days | 2,124 sqft |
| 2018-09-01 | 61 days | 2,033 sqft |
| 2018-10-01 | 66 days | 2,029 sqft |
| 2018-11-01 | 74 days | 1,925 sqft |
| 2018-12-01 | 94 days | 1,900 sqft |
| 2019-01-01 | 104 days | 1,896 sqft |
| 2019-02-01 | 100 days | 2,046 sqft |
| 2019-03-01 | 84 days | 2,095 sqft |
| 2019-04-01 | 64 days | 2,070 sqft |
| 2019-05-01 | 46 days | 1,937 sqft |
| 2019-06-01 | 43 days | 1,920 sqft |
| 2019-07-01 | 50 days | 1,911 sqft |
| 2019-08-01 | 56 days | 1,809 sqft |
| 2019-09-01 | 57 days | 1,777 sqft |
| 2019-10-01 | 58 days | 1,782 sqft |
| 2019-11-01 | 65 days | 1,750 sqft |
| 2019-12-01 | 78 days | 1,739 sqft |
| 2020-01-01 | 91 days | 1,742 sqft |
| 2020-02-01 | 94 days | 1,850 sqft |
| 2020-03-01 | 58 days | 1,983 sqft |
| 2020-04-01 | 55 days | 1,984 sqft |
| 2020-05-01 | 55 days | 2,033 sqft |
| 2020-06-01 | 64 days | 2,073 sqft |
| 2020-07-01 | 69 days | 2,022 sqft |
| 2020-08-01 | 51 days | 2,064 sqft |
| 2020-09-01 | 36 days | 1,965 sqft |
| 2020-10-01 | 43 days | 1,900 sqft |
| 2020-11-01 | 50 days | 1,811 sqft |
| 2020-12-01 | 65 days | 1,802 sqft |
| 2021-01-01 | 78 days | 1,854 sqft |
| 2021-02-01 | 78 days | 1,953 sqft |
| 2021-03-01 | 47 days | 1,867 sqft |
| 2021-04-01 | 31 days | 1,820 sqft |
| 2021-05-01 | 24 days | 1,700 sqft |
| 2021-06-01 | 33 days | 1,707 sqft |
| 2021-07-01 | 30 days | 1,837 sqft |
| 2021-08-01 | 39 days | 1,801 sqft |
| 2021-09-01 | 43 days | 1,808 sqft |
| 2021-10-01 | 43 days | 1,794 sqft |
| 2021-11-01 | 58 days | 1,732 sqft |
| 2021-12-01 | 57 days | 1,752 sqft |
| 2022-01-01 | 65 days | 1,695 sqft |
| 2022-02-01 | 66 days | 1,705 sqft |
| 2022-03-01 | 36 days | 1,819 sqft |
| 2022-04-01 | 24 days | 1,896 sqft |
| 2022-05-01 | 26 days | 2,041 sqft |
| 2022-06-01 | 29 days | 2,107 sqft |
Eau Claire's median square footage for active listings during the 2022-06-01 period was 2,107 sqft. One year prior, the average listing was 1,707 sqft.
