Green Bay USDA Loan Rates, Closing Costs & Stats

GREEN BAY, 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.

Green Bay's 7 lenders originated 23 USDA loans during 2022. The total origination value was $4,065,000, with an average USDA loan value of $176,739.

Green Bay USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Green Bay averaged 6.21% for the week of 2023-09-22, compared to the national average (all USDA variants) of 7.021% for the same period.

Green Bay's average USDA mortgage closing costs are $4,060.

The average rate for the prior week (2023-09-15) was 6.37% and one month ago for the week of 2023-08-18, the average rate was 6.57%.

The average rate one year ago was 5.2%.

For refis of the same type during the week of 2023-09-22, the average rate was 5.62%.

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

Green Bay 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 Green Bay level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
FINANCE OF AMERICA MORTGAGE LLC 16 5.09% $5,059
CHERRY CREEK MORTGAGE, LLC 2 5.75% $2,140
GUARANTEED RATE, INC. 1 3.88% $5,770
Loan Simple, Inc. 1 3.13% $3,151
UNITED WHOLESALE MORTGAGE, LLC 1 4.25% $4,929
Flagstar Bank, FSB 1 3.25% $3,915
CARDINAL FINANCIAL 1 5.25% $8,036

The top Green Bay USDA lender as defined by loan originations is FINANCE OF AMERICA MORTGAGE LLC, with 16 USDA loans originated. Their average total fees are $5,059, which is $2,919 higher than the next largest lender, CHERRY CREEK MORTGAGE, LLC.

The lowest fee Green Bay USDA lenders (with over 10 loans originated) are FINANCE OF AMERICA MORTGAGE LLC ($5,059), .

The lowest rate Green Bay USDA lenders (with over 10 loans originated) are FINANCE OF AMERICA MORTGAGE LLC (5.09%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Green Bay (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 $215,975 (20.1%) $262,001 (15.1%) 0.80 1,069
2018-02-01 $219,900 (20.6%) $264,204 (13.0%) 0.80 1,115
2018-03-01 $224,900 (18.7%) $263,658 (11.8%) 0.79 1,128
2018-04-01 $252,450 (32.9%) $301,569 (28.6%) 0.86 767
2018-05-01 $259,900 (33.4%) $304,410 (28.6%) 0.87 799
2018-06-01 $249,900 (25.2%) $300,427 (26.7%) 0.83 893
2018-07-01 $249,900 (27.8%) $301,234 (29.1%) 0.83 945
2018-08-01 $246,300 (29.4%) $292,384 (24.6%) 0.83 1,041
2018-09-01 $244,900 (28.9%) $290,070 (21.4%) 0.82 1,065
2018-10-01 $237,450 (19.3%) $281,539 (16.6%) 0.80 1,031
2018-11-01 $229,925 (15.5%) $277,827 (13.7%) 0.78 992
2018-12-01 $230,700 (15.4%) $280,880 (11.4%) 0.80 895
2019-01-01 $239,900 (11.1%) $279,088 (6.5%) 0.83 790
2019-02-01 $249,900 (13.6%) $291,350 (10.3%) 0.84 728
2019-03-01 $256,371 (14.0%) $303,582 (15.1%) 0.84 714
2019-04-01 $267,450 (5.9%) $315,132 (4.5%) 0.85 712
2019-05-01 $264,950 (1.9%) $310,551 (2.0%) 0.83 785
2019-06-01 $259,900 (4.0%) $306,030 (1.9%) 0.81 881
2019-07-01 $250,725 (0.3%) $292,691 (-2.8%) 0.78 951
2019-08-01 $249,099 (1.1%) $288,136 (-1.5%) 0.79 960
2019-09-01 $247,748 (1.2%) $287,466 (-0.9%) 0.79 958
2019-10-01 $248,449 (4.6%) $290,750 (3.3%) 0.80 927
2019-11-01 $259,900 (13.0%) $297,937 (7.2%) 0.85 793
2019-12-01 $266,225 (15.4%) $309,772 (10.3%) 0.89 735
2020-01-01 $269,900 (12.5%) $321,528 (15.2%) 0.90 652
2020-02-01 $279,900 (12.0%) $325,204 (11.6%) 0.92 622
2020-03-01 $286,100 (11.6%) $333,918 (10.0%) 0.90 645
2020-04-01 $282,425 (5.6%) $335,331 (6.4%) 0.88 637
2020-05-01 $289,900 (9.4%) $343,183 (10.5%) 0.88 589
2020-06-01 $292,675 (12.6%) $340,825 (11.4%) 0.86 576
2020-07-01 $296,450 (18.2%) $347,789 (18.8%) 0.86 531
2020-08-01 $284,900 (14.4%) $340,829 (18.3%) 0.82 504
2020-09-01 $262,900 (6.1%) $330,598 (15.0%) 0.75 494
2020-10-01 $267,450 (7.7%) $341,303 (17.4%) 0.77 462
2020-11-01 $267,450 (2.9%) $345,476 (16.0%) 0.78 438
2020-12-01 $271,150 (1.9%) $351,244 (13.4%) 0.81 370
2021-01-01 $279,900 (3.7%) $363,740 (13.1%) 0.84 310
2021-02-01 $296,400 (5.9%) $392,997 (20.9%) 0.86 276
2021-03-01 $309,900 (8.3%) $407,490 (22.0%) 0.88 271
2021-04-01 $299,900 (6.2%) $402,127 (19.9%) 0.81 273
2021-05-01 $299,900 (3.5%) $396,105 (15.4%) 0.80 286
2021-06-01 $307,400 (5.0%) $388,909 (14.1%) 0.81 331
2021-07-01 $319,900 (7.9%) $392,407 (12.8%) 0.84 385
2021-08-01 $320,450 (12.5%) $396,031 (16.2%) 0.85 396
2021-09-01 $309,825 (17.9%) $380,408 (15.1%) 0.83 428
2021-10-01 $317,450 (18.7%) $375,611 (10.1%) 0.85 422
2021-11-01 $325,950 (21.9%) $394,062 (14.1%) 0.87 346
2021-12-01 $334,900 (23.5%) $408,023 (16.2%) 0.91 301
2022-01-01 $334,900 (19.7%) $431,569 (18.7%) 0.91 254
2022-02-01 $342,000 (15.4%) $447,831 (14.0%) 0.89 221
2022-03-01 $342,900 (10.7%) $449,359 (10.3%) 0.86 228
2022-04-01 $384,700 (28.3%) $467,618 (16.3%) 0.92 309
2022-05-01 $377,450 (25.9%) $457,800 (15.6%) 0.86 357
2022-06-01 $392,400 (27.7%) $461,871 (18.8%) 0.87 430
2022-07-01 $389,900 (21.9%) $447,231 (14.0%) 0.88 505
2022-08-01 $389,925 (21.7%) $449,833 (13.6%) 0.90 489
2022-09-01 $392,400 (26.7%) $448,419 (17.9%) 0.92 469
2022-10-01 $405,900 (27.9%) $467,983 (24.6%) 0.96 501
2022-11-01 $399,950 (22.7%) $466,885 (18.5%) 0.96 487
2022-12-01 $408,900 (22.1%) $473,107 (16.0%) 1.01 441
2023-01-01 $424,488 (26.8%) $489,184 (13.4%) 1.05 397
2023-02-01 $434,400 (27.0%) $506,508 (13.1%) 1.05 330
2023-03-01 $429,900 (25.4%) $527,303 (17.4%) 1.01 320
2023-04-01 $411,825 (7.1%) $515,617 (10.3%) 0.96 273
2023-05-01 $399,950 (6.0%) $510,769 (11.6%) 0.91 278
2023-06-01 $398,700 (1.6%) $488,977 (5.9%) 0.90 311
2023-07-01 $410,000 (5.2%) $512,449 (14.6%) 0.93 374
2023-08-01 $417,425 (7.1%) $507,319 (12.8%) 0.96 380
Green Bay's median listing price for 2023-08-01 was $417,425, a difference of $27,500 (7.1%) versus the prior year and $7,425 versus the prior month.

Green Bay's median listing price comes in at 96% of the national average.

Green Bay's average listing price for 2023-08-01 was $507,319, a difference of $57,486 (12.8%) versus the prior year and $-5,130 versus the prior month.

For the 2023-08-01 period, Green Bay had 380 MLS listings, a difference of 6 listings (2%) versus the prior month and -109 listings (-22%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Green Bay (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 99 days 1,787 sqft
2018-02-01 91 days 1,785 sqft
2018-03-01 61 days 1,821 sqft
2018-04-01 58 days 1,848 sqft
2018-05-01 54 days 1,866 sqft
2018-06-01 49 days 1,875 sqft
2018-07-01 52 days 1,890 sqft
2018-08-01 57 days 1,885 sqft
2018-09-01 59 days 1,866 sqft
2018-10-01 66 days 1,840 sqft
2018-11-01 71 days 1,806 sqft
2018-12-01 85 days 1,796 sqft
2019-01-01 91 days 1,801 sqft
2019-02-01 95 days 1,820 sqft
2019-03-01 83 days 1,819 sqft
2019-04-01 68 days 1,833 sqft
2019-05-01 53 days 1,852 sqft
2019-06-01 50 days 1,855 sqft
2019-07-01 53 days 1,870 sqft
2019-08-01 58 days 1,861 sqft
2019-09-01 61 days 1,821 sqft
2019-10-01 66 days 1,799 sqft
2019-11-01 74 days 1,796 sqft
2019-12-01 81 days 1,791 sqft
2020-01-01 92 days 1,778 sqft
2020-02-01 92 days 1,786 sqft
2020-03-01 63 days 1,819 sqft
2020-04-01 65 days 1,830 sqft
2020-05-01 78 days 1,848 sqft
2020-06-01 71 days 1,849 sqft
2020-07-01 58 days 1,888 sqft
2020-08-01 57 days 1,841 sqft
2020-09-01 55 days 1,813 sqft
2020-10-01 59 days 1,821 sqft
2020-11-01 61 days 1,817 sqft
2020-12-01 71 days 1,737 sqft
2021-01-01 85 days 1,738 sqft
2021-02-01 70 days 1,759 sqft
2021-03-01 52 days 1,863 sqft
2021-04-01 39 days 1,854 sqft
2021-05-01 37 days 1,817 sqft
2021-06-01 35 days 1,762 sqft
2021-07-01 43 days 1,808 sqft
2021-08-01 45 days 1,799 sqft
2021-09-01 47 days 1,796 sqft
2021-10-01 49 days 1,759 sqft
2021-11-01 53 days 1,788 sqft
2021-12-01 60 days 1,754 sqft
2022-01-01 66 days 1,658 sqft
2022-02-01 70 days 1,714 sqft
2022-03-01 42 days 1,796 sqft
2022-04-01 24 days 1,649 sqft
2022-05-01 40 days 1,640 sqft
2022-06-01 39 days 1,639 sqft
2022-07-01 44 days 1,650 sqft
2022-08-01 55 days 1,669 sqft
2022-09-01 65 days 1,650 sqft
2022-10-01 67 days 1,696 sqft
2022-11-01 69 days 1,676 sqft
2022-12-01 80 days 1,664 sqft
2023-01-01 99 days 1,627 sqft
2023-02-01 109 days 1,671 sqft
2023-03-01 79 days 1,726 sqft
2023-04-01 47 days 1,882 sqft
2023-05-01 40 days 1,935 sqft
2023-06-01 36 days 1,936 sqft
2023-07-01 36 days 1,909 sqft
2023-08-01 44 days 1,903 sqft
Green Bay's median listing age (time on market) for 2023-08-01 was 44 days. This is -19% shorter than the same period one year ago.

Green Bay's median square footage for active listings during the 2023-08-01 period was 1,903 sqft. One year prior, the average listing was 1,669 sqft.