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 9 lenders originated 12 USDA loans during 2022. The total origination value was $2,580,000, with an average USDA loan value of $215,000.
Janesville USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Janesville
averaged
-0.29%
for the week of 2023-06-02, compared to the national average (all USDA variants) of
0% for the same period.
Janesville's average USDA mortgage closing costs are $4,617.
The average rate for the prior week (2023-05-26) was
6.35% and
one month ago for the week of 2023-04-28, the
average rate was 6.03%.
The average rate one year ago was 4.69%.
For refis of the same type during the week of 2023-06-02, the average rate
was -1.35%.
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 | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|---|---|---|
| PLANET HOME LENDING, LLC | 2 | 5.69% | $6,617 |
| Lend Smart Mortgage, LLC | 2 | 5.00% | $4,432 |
| U.S. Bank | 2 | 4.75% | $5,533 |
| Flagstar Bank, FSB | 1 | 3.25% | $4,417 |
| Barrington Bank & Trust Company, N.A. | 1 | 3.38% | $4,466 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 5.00% | $6,333 |
| INLANTA MORTGAGE, INC. | 1 | 5.38% | $6,642 |
| Bell Bank | 1 | 6.25% | $6,321 |
| FINANCE OF AMERICA MORTGAGE LLC | 1 | 3.88% | $3,660 |
The top Janesville USDA lender as defined by loan originations is PLANET HOME LENDING, LLC, with
2 USDA loans originated. Their average total fees are
$6,617, which is $2,185
higher than the next largest lender,
Lend Smart Mortgage, 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 | $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%) | $228,367 (15.1%) | 0.64 | 232 |
| 2018-04-01 | $187,200 (11.1%) | $230,697 (7.5%) | 0.63 | 243 |
| 2018-05-01 | $185,725 (8.0%) | $230,335 (5.6%) | 0.62 | 246 |
| 2018-06-01 | $200,000 (18.1%) | $240,544 (9.7%) | 0.67 | 278 |
| 2018-07-01 | $206,820 (18.3%) | $243,855 (8.2%) | 0.69 | 316 |
| 2018-08-01 | $209,900 (19.7%) | $244,659 (8.9%) | 0.70 | 404 |
| 2018-09-01 | $194,900 (11.4%) | $235,537 (6.6%) | 0.66 | 434 |
| 2018-10-01 | $192,475 (10.1%) | $234,271 (5.6%) | 0.65 | 440 |
| 2018-11-01 | $194,950 (10.2%) | $242,010 (12.6%) | 0.66 | 410 |
| 2018-12-01 | $184,950 (8.8%) | $230,725 (7.6%) | 0.64 | 378 |
| 2019-01-01 | $188,400 (13.0%) | $237,935 (12.6%) | 0.65 | 337 |
| 2019-02-01 | $189,950 (18.0%) | $239,384 (13.3%) | 0.64 | 288 |
| 2019-03-01 | $211,976 (16.5%) | $249,065 (9.1%) | 0.69 | 284 |
| 2019-04-01 | $219,476 (17.2%) | $248,818 (7.9%) | 0.70 | 300 |
| 2019-05-01 | $224,950 (21.1%) | $256,006 (11.1%) | 0.70 | 327 |
| 2019-06-01 | $225,000 (12.5%) | $259,377 (7.8%) | 0.70 | 313 |
| 2019-07-01 | $227,425 (10.0%) | $258,880 (6.2%) | 0.71 | 336 |
| 2019-08-01 | $227,173 (8.2%) | $258,660 (5.7%) | 0.72 | 361 |
| 2019-09-01 | $223,082 (14.5%) | $256,402 (8.9%) | 0.71 | 385 |
| 2019-10-01 | $218,900 (13.7%) | $253,286 (8.1%) | 0.71 | 400 |
| 2019-11-01 | $214,900 (10.2%) | $245,742 (1.5%) | 0.70 | 358 |
| 2019-12-01 | $214,900 (16.2%) | $239,766 (3.9%) | 0.72 | 335 |
| 2020-01-01 | $210,175 (11.6%) | $237,395 (-0.2%) | 0.70 | 312 |
| 2020-02-01 | $214,100 (12.7%) | $241,836 (1.0%) | 0.70 | 253 |
| 2020-03-01 | $214,950 (1.4%) | $247,097 (-0.8%) | 0.67 | 249 |
| 2020-04-01 | $218,900 (-0.3%) | $239,060 (-3.9%) | 0.69 | 267 |
| 2020-05-01 | $221,450 (-1.6%) | $247,752 (-3.2%) | 0.67 | 241 |
| 2020-06-01 | $219,650 (-2.4%) | $256,738 (-1.0%) | 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%) | $269,413 (9.0%) | 0.65 | 102 |
| 2021-04-01 | $247,900 (13.3%) | $291,762 (22.1%) | 0.67 | 112 |
| 2021-05-01 | $229,000 (3.4%) | $277,369 (12.0%) | 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 (21.6%) | 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 (12.7%) | 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 |
Janesville's median listing price comes in at 74% of the national average.
Janesville's average listing price for 2023-05-01 was $361,884, a difference of $49,199 (15.7%) versus the prior year and $-3,881 versus the prior month.
For the 2023-05-01 period, Janesville had 154 MLS listings, a difference of 22 listings (17%) versus the prior month and -29 listings (-16%) 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 | 1,745 sqft |
| 2018-06-01 | 40 days | 1,787 sqft |
| 2018-07-01 | 38 days | 1,793 sqft |
| 2018-08-01 | 38 days | 1,771 sqft |
| 2018-09-01 | 43 days | 1,755 sqft |
| 2018-10-01 | 48 days | 1,724 sqft |
| 2018-11-01 | 54 days | 1,729 sqft |
| 2018-12-01 | 68 days | 1,653 sqft |
| 2019-01-01 | 78 days | 1,690 sqft |
| 2019-02-01 | 88 days | 1,728 sqft |
| 2019-03-01 | 77 days | 1,780 sqft |
| 2019-04-01 | 54 days | 1,802 sqft |
| 2019-05-01 | 46 days | 1,834 sqft |
| 2019-06-01 | 47 days | 1,831 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 | 1,768 sqft |
| 2020-01-01 | 74 days | 1,735 sqft |
| 2020-02-01 | 74 days | 1,718 sqft |
| 2020-03-01 | 60 days | 1,737 sqft |
| 2020-04-01 | 48 days | 1,750 sqft |
| 2020-05-01 | 54 days | 1,777 sqft |
| 2020-06-01 | 63 days | 1,791 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 | 1,686 sqft |
| 2021-01-01 | 54 days | 1,683 sqft |
| 2021-02-01 | 40 days | 1,635 sqft |
| 2021-03-01 | 39 days | 1,702 sqft |
| 2021-04-01 | 28 days | 1,757 sqft |
| 2021-05-01 | 29 days | 1,755 sqft |
| 2021-06-01 | 33 days | 1,697 sqft |
| 2021-07-01 | 34 days | 1,704 sqft |
| 2021-08-01 | 30 days | 1,699 sqft |
| 2021-09-01 | 31 days | 1,675 sqft |
| 2021-10-01 | 37 days | 1,632 sqft |
| 2021-11-01 | 45 days | 1,633 sqft |
| 2021-12-01 | 53 days | 1,606 sqft |
| 2022-01-01 | 58 days | 1,680 sqft |
| 2022-02-01 | 57 days | 1,777 sqft |
| 2022-03-01 | 24 days | 1,772 sqft |
| 2022-04-01 | 31 days | 1,784 sqft |
| 2022-05-01 | 36 days | 1,729 sqft |
| 2022-06-01 | 38 days | 1,755 sqft |
| 2022-07-01 | 34 days | 1,772 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 | 1,813 sqft |
| 2023-02-01 | 53 days | 1,836 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 |
Janesville's median square footage for active listings during the 2023-05-01 period was 1,811 sqft. One year prior, the average listing was 1,729 sqft.