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%.

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 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 for 2022-06-01 was $367,900, a difference of $80,500 (28.0%) versus the prior year and $38,450 versus the prior month.

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 listing age (time on market) for 2022-06-01 was 29 days. This is -12% shorter than the same period one year ago.

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.