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
6.85%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Janesville's average USDA mortgage closing costs are $4,750.
The average rate for the prior week (2024-04-12) was
6.7% and
one month ago for the week of 2024-03-15, the
average rate was 6.39%.
The average rate one year ago was 6.12%.
For refis of the same type during the week of 2024-04-19, the average rate
was 5.7%.
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 |
Janesville's median listing price comes in at 78% of the national average.
Janesville's average listing price for 2024-03-01 was $354,920, a difference of $-10,973 (-3.0%) versus the prior year and $24,583 versus the prior month.
For the 2024-03-01 period, Janesville had 169 MLS listings, a difference of -4 listings (-2%) versus the prior month and 37 listings (28%) 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 | 1,669 sqft |
Janesville's median square footage for active listings during the 2024-03-01 period was 1,669 sqft. One year prior, the average listing was 1,844 sqft.