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 5 lenders originated 6 USDA loans during 2023. The total origination value was $1,550,000, with an average USDA loan value of $258,333.

Janesville USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Janesville averaged 6.86% for the week of 2024-07-12, compared to the national average (all USDA variants) of 6.672% for the same period.

Janesville's average USDA mortgage closing costs are $4,750.

The average rate for the prior week (2024-07-05) was 6.83% and one month ago for the week of 2024-06-07, the average rate was 6.49%.

The average rate one year ago was 6.87%.

For refis of the same type during the week of 2024-07-12, the average rate was 5.51%.

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

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
GUILD MORTGAGE COMPANY 2 6.88% $8,277
Bank of England 1 6.75% $6,521
CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $7,783
Paramount Residential Mortgage Group, Inc. 1 6.50% $5,349
PLANET HOME LENDING, LLC 1 7.00% $7,503

The top Janesville USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 2 USDA loans originated. Their average total fees are $8,277, which is $1,756 higher than the next largest lender, Bank of England.

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 $166,700 (19.2%) $211,242 (14.1%) 0.62 307
2018-02-01 $160,950 (12.7%) $211,298 (11.9%) 0.58 279
2018-03-01 $182,000 (17.5%) $227,617 (15.0%) 0.64 233
2018-04-01 $186,950 (11.3%) $229,985 (7.4%) 0.63 244
2018-05-01 $185,450 (8.5%) $229,592 (5.4%) 0.62 247
2018-06-01 $199,950 (18.4%) $239,619 (9.5%) 0.67 280
2018-07-01 $206,225 (18.3%) $243,109 (8.0%) 0.69 318
2018-08-01 $209,075 (19.5%) $242,656 (8.2%) 0.70 405
2018-09-01 $194,500 (11.2%) $233,967 (6.1%) 0.65 435
2018-10-01 $192,425 (10.0%) $232,501 (4.8%) 0.65 441
2018-11-01 $193,900 (9.6%) $240,149 (11.7%) 0.66 411
2018-12-01 $184,900 (8.8%) $228,967 (6.8%) 0.64 379
2019-01-01 $188,400 (13.0%) $235,776 (11.6%) 0.65 339
2019-02-01 $189,950 (18.0%) $237,222 (12.3%) 0.64 289
2019-03-01 $211,976 (16.5%) $247,228 (8.6%) 0.69 284
2019-04-01 $219,476 (17.4%) $247,454 (7.6%) 0.70 300
2019-05-01 $224,950 (21.3%) $254,881 (11.0%) 0.70 327
2019-06-01 $225,000 (12.5%) $258,173 (7.7%) 0.70 313
2019-07-01 $227,425 (10.3%) $258,880 (6.5%) 0.71 336
2019-08-01 $227,173 (8.7%) $258,660 (6.6%) 0.72 361
2019-09-01 $223,082 (14.7%) $256,402 (9.6%) 0.71 385
2019-10-01 $218,900 (13.8%) $253,286 (8.9%) 0.71 400
2019-11-01 $214,900 (10.8%) $245,742 (2.3%) 0.70 358
2019-12-01 $214,900 (16.2%) $239,766 (4.7%) 0.72 335
2020-01-01 $210,175 (11.6%) $237,395 (0.7%) 0.70 312
2020-02-01 $214,100 (12.7%) $241,836 (2.0%) 0.70 253
2020-03-01 $214,950 (1.4%) $247,097 (-0.1%) 0.67 249
2020-04-01 $218,900 (-0.3%) $239,060 (-3.4%) 0.69 267
2020-05-01 $221,450 (-1.6%) $247,752 (-2.8%) 0.67 241
2020-06-01 $219,650 (-2.4%) $256,738 (-0.6%) 0.65 214
2020-07-01 $229,900 (1.1%) $266,507 (3.0%) 0.67 200
2020-08-01 $249,000 (9.6%) $277,667 (7.4%) 0.71 219
2020-09-01 $219,825 (-1.5%) $271,170 (5.8%) 0.63 206
2020-10-01 $219,900 (0.5%) $271,129 (7.0%) 0.63 208
2020-11-01 $212,450 (-1.1%) $257,217 (4.7%) 0.62 209
2020-12-01 $209,950 (-2.3%) $252,631 (5.4%) 0.62 165
2021-01-01 $225,950 (7.5%) $253,471 (6.8%) 0.67 136
2021-02-01 $224,900 (5.0%) $257,910 (6.7%) 0.65 126
2021-03-01 $228,950 (6.5%) $269,786 (9.2%) 0.65 102
2021-04-01 $247,900 (13.3%) $291,762 (22.1%) 0.67 112
2021-05-01 $229,000 (3.4%) $278,238 (12.3%) 0.61 139
2021-06-01 $227,450 (3.6%) $274,625 (7.0%) 0.60 158
2021-07-01 $229,900 (0.0%) $271,777 (2.0%) 0.61 192
2021-08-01 $229,950 (-7.7%) $265,220 (-4.5%) 0.61 217
2021-09-01 $236,175 (7.4%) $268,981 (-0.8%) 0.63 242
2021-10-01 $239,900 (9.1%) $273,005 (0.7%) 0.64 240
2021-11-01 $236,925 (11.5%) $274,801 (6.8%) 0.63 208
2021-12-01 $229,075 (9.1%) $276,391 (9.4%) 0.62 191
2022-01-01 $249,900 (10.6%) $293,330 (15.7%) 0.68 152
2022-02-01 $271,200 (20.6%) $318,967 (23.7%) 0.71 128
2022-03-01 $274,450 (19.9%) $327,573 (21.4%) 0.69 134
2022-04-01 $289,900 (16.9%) $323,972 (11.0%) 0.69 162
2022-05-01 $289,900 (26.6%) $312,685 (12.4%) 0.66 183
2022-06-01 $293,675 (29.1%) $323,993 (18.0%) 0.65 196
2022-07-01 $289,950 (26.1%) $323,031 (18.9%) 0.65 232
2022-08-01 $293,725 (27.7%) $332,440 (25.3%) 0.68 238
2022-09-01 $298,175 (26.3%) $341,159 (26.8%) 0.70 236
2022-10-01 $303,266 (26.4%) $340,815 (24.8%) 0.71 252
2022-11-01 $298,125 (25.8%) $338,969 (23.4%) 0.72 252
2022-12-01 $299,900 (30.9%) $347,040 (25.6%) 0.74 197
2023-01-01 $301,250 (20.6%) $353,176 (20.4%) 0.75 163
2023-02-01 $312,059 (15.1%) $356,737 (11.8%) 0.75 130
2023-03-01 $330,750 (20.5%) $365,893 (11.7%) 0.78 132
2023-04-01 $338,442 (16.7%) $365,765 (12.9%) 0.79 132
2023-05-01 $328,014 (13.2%) $361,884 (15.7%) 0.74 154
2023-06-01 $324,100 (10.4%) $359,574 (11.0%) 0.73 175
2023-07-01 $331,439 (14.3%) $353,897 (9.6%) 0.75 182
2023-08-01 $324,900 (10.6%) $352,733 (6.1%) 0.75 203
2023-09-01 $319,900 (7.3%) $340,795 (-0.1%) 0.74 220
2023-10-01 $322,400 (6.3%) $341,024 (0.1%) 0.76 228
2023-11-01 $304,906 (2.3%) $331,645 (-2.2%) 0.73 241
2023-12-01 $299,900 (0.0%) $318,716 (-8.2%) 0.73 221
2024-01-01 $299,900 (-0.5%) $318,055 (-9.9%) 0.73 189
2024-02-01 $315,000 (0.9%) $330,337 (-7.4%) 0.76 173
2024-03-01 $329,450 (-0.4%) $354,920 (-3.0%) 0.78 169
2024-04-01 $341,101 (0.8%) $373,684 (2.2%) 0.79 173
2024-05-01 $339,900 (3.6%) $386,056 (6.7%) 0.77 181
2024-06-01 $351,450 (8.4%) $404,709 (12.6%) 0.79 199
Janesville's median listing price for 2024-06-01 was $351,450, a difference of $27,350 (8.4%) versus the prior year and $11,550 versus the prior month.

Janesville's median listing price comes in at 79% of the national average.

Janesville's average listing price for 2024-06-01 was $404,709, a difference of $45,135 (12.6%) versus the prior year and $18,653 versus the prior month.

For the 2024-06-01 period, Janesville had 199 MLS listings, a difference of 18 listings (10%) versus the prior month and 24 listings (14%) 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 79 days 1,651 sqft
2018-02-01 81 days 1,634 sqft
2018-03-01 58 days 1,675 sqft
2018-04-01 40 days 1,731 sqft
2018-05-01 38 days 1,742 sqft
2018-06-01 40 days 1,780 sqft
2018-07-01 39 days 1,785 sqft
2018-08-01 38 days 1,768 sqft
2018-09-01 43 days 1,752 sqft
2018-10-01 48 days 1,719 sqft
2018-11-01 54 days 1,726 sqft
2018-12-01 68 days 1,652 sqft
2019-01-01 78 days 1,680 sqft
2019-02-01 88 days 1,719 sqft
2019-03-01 77 days 1,773 sqft
2019-04-01 54 days 1,800 sqft
2019-05-01 46 days 1,834 sqft
2019-06-01 46 days 1,833 sqft
2019-07-01 44 days 1,855 sqft
2019-08-01 46 days 1,867 sqft
2019-09-01 49 days 1,862 sqft
2019-10-01 52 days 1,854 sqft
2019-11-01 64 days 1,803 sqft
2019-12-01 70 days 1,770 sqft
2020-01-01 74 days 1,740 sqft
2020-02-01 74 days 1,718 sqft
2020-03-01 60 days 1,737 sqft
2020-04-01 48 days 1,745 sqft
2020-05-01 54 days 1,777 sqft
2020-06-01 63 days 1,795 sqft
2020-07-01 56 days 1,784 sqft
2020-08-01 46 days 1,850 sqft
2020-09-01 47 days 1,807 sqft
2020-10-01 40 days 1,784 sqft
2020-11-01 44 days 1,731 sqft
2020-12-01 51 days 1,682 sqft
2021-01-01 54 days 1,683 sqft
2021-02-01 40 days 1,635 sqft
2021-03-01 40 days 1,702 sqft
2021-04-01 28 days 1,757 sqft
2021-05-01 29 days 1,754 sqft
2021-06-01 33 days 1,697 sqft
2021-07-01 34 days 1,701 sqft
2021-08-01 30 days 1,699 sqft
2021-09-01 31 days 1,675 sqft
2021-10-01 37 days 1,633 sqft
2021-11-01 45 days 1,633 sqft
2021-12-01 53 days 1,606 sqft
2022-01-01 58 days 1,695 sqft
2022-02-01 57 days 1,769 sqft
2022-03-01 24 days 1,784 sqft
2022-04-01 31 days 1,784 sqft
2022-05-01 36 days 1,725 sqft
2022-06-01 38 days 1,755 sqft
2022-07-01 34 days 1,764 sqft
2022-08-01 44 days 1,784 sqft
2022-09-01 49 days 1,784 sqft
2022-10-01 46 days 1,784 sqft
2022-11-01 47 days 1,800 sqft
2022-12-01 55 days 1,825 sqft
2023-01-01 71 days 1,815 sqft
2023-02-01 53 days 1,845 sqft
2023-03-01 37 days 1,844 sqft
2023-04-01 39 days 1,810 sqft
2023-05-01 32 days 1,811 sqft
2023-06-01 31 days 1,797 sqft
2023-07-01 40 days 1,760 sqft
2023-08-01 37 days 1,659 sqft
2023-09-01 44 days 1,700 sqft
2023-10-01 42 days 1,660 sqft
2023-11-01 44 days 1,601 sqft
2023-12-01 55 days 1,580 sqft
2024-01-01 63 days 1,579 sqft
2024-02-01 51 days 1,593 sqft
2024-03-01 32 days 1,667 sqft
2024-04-01 37 days 1,695 sqft
2024-05-01 30 days 1,756 sqft
2024-06-01 36 days 1,845 sqft
Janesville's median listing age (time on market) for 2024-06-01 was 36 days. This is 16% longer than the same period one year ago.

Janesville's median square footage for active listings during the 2024-06-01 period was 1,845 sqft. One year prior, the average listing was 1,797 sqft.