Janesville USDA Loan Rates, Closing Costs & Stats
JANESVILLE-BELOIT, 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.
Janesville's 8 lenders originated 12 USDA loans during 2021. The total origination value was $2,640,000, with an average USDA loan value of $220,000.
Janesville USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Janesville
averaged
6.09%
for the week of 2023-01-27, compared to the national average (all USDA variants) of
6.195% for the same period.
Janesville's average USDA mortgage closing costs are $4,523.
The average rate for the prior week (2023-01-20) was
6.28% and
one month ago for the week of 2022-12-23, the
average rate was 6.41%.
The average rate one year ago was 4.06%.
For refis of the same type during the week of 2023-01-27, the average rate
was 6.05%.
Janesville 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 Janesville level.
| Name | # of Loans | 2021 Avg. 30yFix Rate | 2021 Avg. Closing Costs |
|---|---|---|---|
| Flagstar Bank, FSB | 2 | 3.00% | $4,468 |
| NATIONS RELIABLE LENDING, LLC | 2 | 4.00% | $6,963 |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | 1 | 2.75% | $3,798 |
| INLANTA MORTGAGE, INC. | 1 | 3.00% | $4,152 |
| PremierBank | 1 | 3.13% | $4,320 |
| CIBC Bank USA | 1 | 3.00% | $5,399 |
| THOMPSON KANE & COMPANY, LLC | 1 | 3.25% | $4,724 |
| GUARANTEED RATE, INC. | 1 | 2.88% | $7,675 |
The top Janesville USDA lender as defined by loan originations is Flagstar Bank, FSB, with
2 USDA loans originated. Their average total fees are
$4,468, which is $2,495
lower than the next largest lender,
NATIONS RELIABLE LENDING, LLC.
The lowest fee Janesville USDA lenders (with over 10 loans originated) are
.
The lowest rate Janesville USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Janesville (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 | $167,300 (19.6%) | $210,517 (13.7%) | 0.62 | 304 |
| 2018-02-01 | $162,925 (14.1%) | $211,631 (12.1%) | 0.59 | 275 |
| 2018-03-01 | $184,900 (19.4%) | $229,611 (15.8%) | 0.65 | 226 |
| 2018-04-01 | $187,450 (10.9%) | $231,508 (7.5%) | 0.64 | 238 |
| 2018-05-01 | $186,475 (9.7%) | $231,735 (6.2%) | 0.62 | 240 |
| 2018-06-01 | $205,000 (21.9%) | $242,087 (10.9%) | 0.68 | 269 |
| 2018-07-01 | $209,900 (20.0%) | $245,144 (8.9%) | 0.70 | 308 |
| 2018-08-01 | $209,900 (20.4%) | $245,328 (9.3%) | 0.70 | 400 |
| 2018-09-01 | $194,900 (13.5%) | $236,322 (7.1%) | 0.65 | 431 |
| 2018-10-01 | $194,950 (13.1%) | $235,025 (6.3%) | 0.66 | 432 |
| 2018-11-01 | $194,950 (11.1%) | $242,376 (13.2%) | 0.66 | 407 |
| 2018-12-01 | $185,000 (8.2%) | $231,406 (8.0%) | 0.64 | 375 |
| 2019-01-01 | $188,400 (12.6%) | $238,081 (13.1%) | 0.65 | 334 |
| 2019-02-01 | $189,950 (16.6%) | $239,604 (13.2%) | 0.64 | 287 |
| 2019-03-01 | $211,869 (14.6%) | $248,816 (8.4%) | 0.69 | 279 |
| 2019-04-01 | $219,369 (17.0%) | $248,415 (7.3%) | 0.70 | 293 |
| 2019-05-01 | $224,975 (20.7%) | $256,023 (10.5%) | 0.70 | 318 |
| 2019-06-01 | $225,000 (9.8%) | $260,090 (7.4%) | 0.70 | 310 |
| 2019-07-01 | $227,425 (8.4%) | $259,360 (5.8%) | 0.71 | 331 |
| 2019-08-01 | $227,173 (8.2%) | $259,372 (5.7%) | 0.72 | 356 |
| 2019-09-01 | $223,082 (14.5%) | $256,735 (8.6%) | 0.71 | 379 |
| 2019-10-01 | $218,950 (12.3%) | $253,315 (7.8%) | 0.71 | 395 |
| 2019-11-01 | $214,900 (10.2%) | $246,208 (1.6%) | 0.70 | 354 |
| 2019-12-01 | $214,400 (15.9%) | $239,673 (3.6%) | 0.71 | 334 |
| 2020-01-01 | $209,725 (11.3%) | $237,292 (-0.3%) | 0.70 | 312 |
| 2020-02-01 | $214,100 (12.7%) | $241,518 (0.8%) | 0.70 | 253 |
| 2020-03-01 | $217,450 (2.6%) | $244,676 (-1.7%) | 0.68 | 243 |
| 2020-04-01 | $218,600 (-0.4%) | $239,358 (-3.7%) | 0.68 | 261 |
| 2020-05-01 | $223,900 (-0.5%) | $248,478 (-3.0%) | 0.68 | 234 |
| 2020-06-01 | $219,600 (-2.4%) | $257,076 (-1.2%) | 0.65 | 206 |
| 2020-07-01 | $230,150 (1.2%) | $266,755 (2.9%) | 0.67 | 194 |
| 2020-08-01 | $249,000 (9.6%) | $277,128 (6.9%) | 0.71 | 212 |
| 2020-09-01 | $222,725 (-0.2%) | $273,540 (6.6%) | 0.64 | 198 |
| 2020-10-01 | $214,950 (-1.8%) | $270,881 (6.9%) | 0.62 | 204 |
| 2020-11-01 | $212,950 (-0.9%) | $258,430 (5.0%) | 0.62 | 202 |
| 2020-12-01 | $214,450 (0.0%) | $253,462 (5.8%) | 0.64 | 161 |
| 2021-01-01 | $226,900 (8.2%) | $253,296 (6.7%) | 0.68 | 131 |
| 2021-02-01 | $224,900 (5.0%) | $256,407 (6.2%) | 0.65 | 121 |
| 2021-03-01 | $227,900 (4.8%) | $269,093 (10.0%) | 0.65 | 95 |
| 2021-04-01 | $240,700 (10.1%) | $290,305 (21.3%) | 0.65 | 105 |
| 2021-05-01 | $227,000 (1.4%) | $278,435 (12.1%) | 0.60 | 126 |
| 2021-06-01 | $223,375 (1.7%) | $272,101 (5.8%) | 0.59 | 143 |
| 2021-07-01 | $229,450 (-0.3%) | $269,513 (1.0%) | 0.60 | 183 |
| 2021-08-01 | $226,225 (-9.2%) | $264,591 (-4.5%) | 0.60 | 203 |
| 2021-09-01 | $232,400 (4.3%) | $267,592 (-2.2%) | 0.62 | 229 |
| 2021-10-01 | $235,000 (9.3%) | $271,455 (0.2%) | 0.63 | 233 |
| 2021-11-01 | $244,900 (15.0%) | $274,692 (6.3%) | 0.65 | 204 |
| 2021-12-01 | $231,950 (8.2%) | $277,645 (9.5%) | 0.63 | 186 |
| 2022-01-01 | $249,900 (10.1%) | $294,147 (16.1%) | 0.68 | 146 |
| 2022-02-01 | $274,925 (22.2%) | $319,944 (24.8%) | 0.72 | 123 |
| 2022-03-01 | $274,900 (20.6%) | $330,567 (22.8%) | 0.69 | 127 |
| 2022-04-01 | $289,900 (20.4%) | $324,878 (11.9%) | 0.69 | 154 |
| 2022-05-01 | $289,900 (27.7%) | $314,983 (13.1%) | 0.66 | 175 |
| 2022-06-01 | $294,975 (32.1%) | $326,006 (19.8%) | 0.66 | 185 |
| 2022-07-01 | $290,000 (26.4%) | $322,771 (19.8%) | 0.66 | 220 |
| 2022-08-01 | $296,450 (31.0%) | $332,292 (25.6%) | 0.68 | 229 |
| 2022-09-01 | $298,900 (28.6%) | $340,816 (27.4%) | 0.70 | 232 |
| 2022-10-01 | $303,631 (29.2%) | $342,971 (26.4%) | 0.71 | 245 |
| 2022-11-01 | $298,125 (21.7%) | $338,654 (23.3%) | 0.72 | 249 |
| 2022-12-01 | $289,900 (25.0%) | $330,876 (19.2%) | 0.72 | 210 |
Janesville's median listing price comes in at 72% of the national average.
Janesville's average listing price for 2022-12-01 was $330,876, a difference of $53,231 (19.2%) versus the prior year and $-7,778 versus the prior month.
For the 2022-12-01 period, Janesville had 210 MLS listings, a difference of -39 listings (-16%) versus the prior month and 24 listings (13%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Janesville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 80 days | 1,650 sqft |
| 2018-02-01 | 85 days | 1,634 sqft |
| 2018-03-01 | 59 days | 1,676 sqft |
| 2018-04-01 | 41 days | 1,741 sqft |
| 2018-05-01 | 38 days | 1,750 sqft |
| 2018-06-01 | 41 days | 1,794 sqft |
| 2018-07-01 | 39 days | 1,798 sqft |
| 2018-08-01 | 38 days | 1,772 sqft |
| 2018-09-01 | 43 days | 1,764 sqft |
| 2018-10-01 | 50 days | 1,725 sqft |
| 2018-11-01 | 54 days | 1,729 sqft |
| 2018-12-01 | 69 days | 1,654 sqft |
| 2019-01-01 | 80 days | 1,691 sqft |
| 2019-02-01 | 89 days | 1,734 sqft |
| 2019-03-01 | 77 days | 1,780 sqft |
| 2019-04-01 | 54 days | 1,802 sqft |
| 2019-05-01 | 48 days | 1,838 sqft |
| 2019-06-01 | 47 days | 1,829 sqft |
| 2019-07-01 | 45 days | 1,861 sqft |
| 2019-08-01 | 47 days | 1,869 sqft |
| 2019-09-01 | 51 days | 1,863 sqft |
| 2019-10-01 | 54 days | 1,857 sqft |
| 2019-11-01 | 67 days | 1,803 sqft |
| 2019-12-01 | 73 days | 1,770 sqft |
| 2020-01-01 | 77 days | 1,735 sqft |
| 2020-02-01 | 78 days | 1,717 sqft |
| 2020-03-01 | 66 days | 1,735 sqft |
| 2020-04-01 | 53 days | 1,752 sqft |
| 2020-05-01 | 58 days | 1,777 sqft |
| 2020-06-01 | 72 days | 1,790 sqft |
| 2020-07-01 | 62 days | 1,795 sqft |
| 2020-08-01 | 49 days | 1,850 sqft |
| 2020-09-01 | 50 days | 1,832 sqft |
| 2020-10-01 | 41 days | 1,780 sqft |
| 2020-11-01 | 46 days | 1,724 sqft |
| 2020-12-01 | 52 days | 1,686 sqft |
| 2021-01-01 | 56 days | 1,670 sqft |
| 2021-02-01 | 43 days | 1,627 sqft |
| 2021-03-01 | 40 days | 1,698 sqft |
| 2021-04-01 | 28 days | 1,729 sqft |
| 2021-05-01 | 31 days | 1,750 sqft |
| 2021-06-01 | 32 days | 1,690 sqft |
| 2021-07-01 | 35 days | 1,670 sqft |
| 2021-08-01 | 31 days | 1,690 sqft |
| 2021-09-01 | 31 days | 1,660 sqft |
| 2021-10-01 | 37 days | 1,613 sqft |
| 2021-11-01 | 46 days | 1,630 sqft |
| 2021-12-01 | 53 days | 1,603 sqft |
| 2022-01-01 | 60 days | 1,635 sqft |
| 2022-02-01 | 59 days | 1,777 sqft |
| 2022-03-01 | 25 days | 1,774 sqft |
| 2022-04-01 | 31 days | 1,784 sqft |
| 2022-05-01 | 37 days | 1,750 sqft |
| 2022-06-01 | 39 days | 1,758 sqft |
| 2022-07-01 | 36 days | 1,755 sqft |
| 2022-08-01 | 46 days | 1,774 sqft |
| 2022-09-01 | 50 days | 1,784 sqft |
| 2022-10-01 | 48 days | 1,784 sqft |
| 2022-11-01 | 48 days | 1,799 sqft |
| 2022-12-01 | 65 days | 1,809 sqft |
Janesville's median square footage for active listings during the 2022-12-01 period was 1,809 sqft. One year prior, the average listing was 1,603 sqft.