Madison USDA Loan Rates, Closing Costs & Stats

MADISON, WI

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    • 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.

    Madison's 11 lenders originated 20 USDA loans during 2023. The total origination value was $4,660,000, with an average USDA loan value of $233,000.

    Madison USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Madison averaged 6.5% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Madison's average USDA mortgage closing costs are $4,797.

    The average rate for the prior week (2025-02-07) was 6.16% and one month ago for the week of 2025-01-10, the average rate was 6.5%.

    The average rate one year ago was 6.49%.

    For refis of the same type during the week of 2025-02-14, the average rate was 4.02%.

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

    Madison 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 Madison level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CROSSCOUNTRY MORTGAGE, LLC 3 6.43% $11,288
    Bell Bank 3 6.67% $8,805
    GUILD MORTGAGE COMPANY 3 6.96% $7,540
    NEWREZ LLC 2 6.50% $4,356
    The First National Bank and Trust Company 2 6.25% $3,321
    Flagstar Bank, FSB 1 7.25% $13,674
    DAS Acquisition Company, LLC 1 8.00% $6,548
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.63% $6,348
    Century Mortgage Company DBA Century Lending Company 1 6.63% $6,387
    American Mortgage & Equity Consultants, Inc. 1 6.75% $5,991
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 6.88% $5,320

    The top Madison USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 3 USDA loans originated. Their average total fees are $11,288, which is $2,483 higher than the next largest lender, Bell Bank.

    The lowest fee Madison USDA lenders (with over 10 loans originated) are .

    The lowest rate Madison USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Madison (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 $329,950 (6.5%) $385,501 (7.8%) 1.22 1,107
    2018-02-01 $349,900 (8.5%) $399,648 (7.5%) 1.27 1,087
    2018-03-01 $355,000 (6.0%) $405,647 (4.7%) 1.25 1,186
    2018-04-01 $357,925 (1.8%) $412,380 (2.6%) 1.21 1,300
    2018-05-01 $349,900 (0.0%) $406,013 (1.8%) 1.17 1,405
    2018-06-01 $340,000 (-0.7%) $396,388 (1.4%) 1.13 1,585
    2018-07-01 $339,900 (3.0%) $392,600 (1.4%) 1.14 1,697
    2018-08-01 $332,225 (1.8%) $390,430 (3.2%) 1.11 1,807
    2018-09-01 $334,900 (5.0%) $395,759 (5.7%) 1.13 1,880
    2018-10-01 $329,900 (7.3%) $395,787 (8.2%) 1.12 1,857
    2018-11-01 $329,900 (4.8%) $392,723 (6.2%) 1.12 1,668
    2018-12-01 $329,900 (3.1%) $389,081 (3.3%) 1.14 1,408
    2019-01-01 $339,950 (3.0%) $404,183 (4.9%) 1.17 1,260
    2019-02-01 $365,425 (4.4%) $427,426 (7.0%) 1.24 1,186
    2019-03-01 $370,614 (4.4%) $435,316 (7.3%) 1.21 1,226
    2019-04-01 $368,114 (2.9%) $428,486 (3.9%) 1.17 1,327
    2019-05-01 $366,000 (4.6%) $430,442 (6.0%) 1.14 1,446
    2019-06-01 $365,000 (7.4%) $430,603 (8.6%) 1.14 1,555
    2019-07-01 $352,548 (3.7%) $418,240 (6.5%) 1.10 1,644
    2019-08-01 $347,245 (4.5%) $411,643 (5.4%) 1.10 1,707
    2019-09-01 $343,114 (2.5%) $406,247 (2.7%) 1.10 1,774
    2019-10-01 $339,975 (3.1%) $402,861 (1.8%) 1.10 1,797
    2019-11-01 $340,000 (3.1%) $404,891 (3.1%) 1.11 1,572
    2019-12-01 $346,650 (5.1%) $405,915 (4.3%) 1.16 1,270
    2020-01-01 $347,400 (2.2%) $411,648 (1.9%) 1.16 1,135
    2020-02-01 $369,000 (1.0%) $442,937 (3.6%) 1.21 1,100
    2020-03-01 $372,423 (0.5%) $451,628 (3.8%) 1.17 1,161
    2020-04-01 $379,450 (3.1%) $450,976 (5.3%) 1.19 1,231
    2020-05-01 $385,000 (5.2%) $451,984 (5.0%) 1.17 1,171
    2020-06-01 $387,450 (6.2%) $458,023 (6.4%) 1.14 1,129
    2020-07-01 $377,450 (7.1%) $453,413 (8.4%) 1.09 1,107
    2020-08-01 $366,500 (5.5%) $452,117 (9.8%) 1.05 1,066
    2020-09-01 $359,950 (4.9%) $443,358 (9.1%) 1.03 1,033
    2020-10-01 $359,900 (5.9%) $435,206 (8.0%) 1.03 1,054
    2020-11-01 $364,625 (7.2%) $438,753 (8.4%) 1.07 863
    2020-12-01 $362,000 (4.4%) $438,654 (8.1%) 1.08 666
    2021-01-01 $374,900 (7.9%) $455,263 (10.6%) 1.12 537
    2021-02-01 $387,950 (5.1%) $477,477 (7.8%) 1.13 468
    2021-03-01 $385,175 (3.4%) $468,221 (3.7%) 1.09 468
    2021-04-01 $382,000 (0.7%) $469,401 (4.1%) 1.03 524
    2021-05-01 $387,500 (0.7%) $469,350 (3.8%) 1.03 546
    2021-06-01 $385,000 (-0.6%) $475,214 (3.8%) 1.01 650
    2021-07-01 $385,900 (2.2%) $466,992 (3.0%) 1.02 791
    2021-08-01 $382,400 (4.3%) $463,590 (2.5%) 1.02 893
    2021-09-01 $374,900 (4.2%) $455,525 (2.7%) 1.00 919
    2021-10-01 $375,000 (4.2%) $451,680 (3.8%) 1.00 881
    2021-11-01 $380,650 (4.4%) $455,106 (3.7%) 1.02 706
    2021-12-01 $387,400 (7.0%) $458,974 (4.6%) 1.05 533
    2022-01-01 $389,900 (4.0%) $465,127 (2.2%) 1.05 410
    2022-02-01 $399,900 (3.1%) $481,607 (0.9%) 1.04 389
    2022-03-01 $399,913 (3.8%) $474,941 (1.4%) 1.00 434
    2022-04-01 $405,500 (6.2%) $475,857 (1.4%) 0.97 512
    2022-05-01 $407,450 (5.2%) $489,440 (4.3%) 0.93 618
    2022-06-01 $415,250 (7.9%) $510,703 (7.5%) 0.93 726
    2022-07-01 $410,000 (6.3%) $515,305 (10.4%) 0.93 849
    2022-08-01 $412,425 (7.9%) $521,517 (12.5%) 0.95 847
    2022-09-01 $405,000 (8.0%) $514,164 (12.9%) 0.95 827
    2022-10-01 $409,900 (9.3%) $526,655 (16.6%) 0.96 867
    2022-11-01 $417,950 (9.8%) $524,625 (15.3%) 1.01 819
    2022-12-01 $424,150 (9.5%) $522,661 (13.9%) 1.05 641
    2023-01-01 $443,550 (13.8%) $547,947 (17.8%) 1.10 568
    2023-02-01 $446,400 (11.6%) $566,079 (17.5%) 1.08 507
    2023-03-01 $463,650 (15.9%) $577,980 (21.7%) 1.10 500
    2023-04-01 $479,900 (18.4%) $597,180 (25.5%) 1.12 524
    2023-05-01 $469,450 (15.2%) $584,894 (19.5%) 1.07 574
    2023-06-01 $476,275 (14.7%) $574,636 (12.5%) 1.07 626
    2023-07-01 $479,900 (17.1%) $574,351 (11.5%) 1.09 657
    2023-08-01 $481,500 (16.8%) $571,351 (9.6%) 1.11 686
    2023-09-01 $475,000 (17.3%) $570,783 (11.0%) 1.11 773
    2023-10-01 $469,900 (14.6%) $566,843 (7.6%) 1.11 802
    2023-11-01 $466,700 (11.7%) $560,972 (6.9%) 1.11 765
    2023-12-01 $479,950 (13.2%) $565,274 (8.2%) 1.17 652
    2024-01-01 $492,400 (11.0%) $597,049 (9.0%) 1.20 550
    2024-02-01 $494,475 (10.8%) $597,391 (5.5%) 1.19 537
    2024-03-01 $475,000 (2.5%) $578,084 (0.0%) 1.12 603
    2024-04-01 $492,175 (2.6%) $586,010 (-1.9%) 1.14 647
    2024-05-01 $499,900 (6.5%) $592,555 (1.3%) 1.13 719
    2024-06-01 $495,000 (3.9%) $578,667 (0.7%) 1.12 860
    2024-07-01 $474,900 (-1.0%) $567,457 (-1.2%) 1.09 934
    2024-08-01 $469,850 (-2.4%) $567,190 (-0.7%) 1.09 1,029
    2024-09-01 $461,725 (-2.8%) $553,773 (-3.0%) 1.09 1,100
    2024-10-01 $453,835 (-3.4%) $554,370 (-2.2%) 1.07 1,082
    2024-11-01 $454,900 (-2.5%) $547,237 (-2.5%) 1.09 1,041
    2024-12-01 $450,000 (-6.2%) $557,539 (-1.4%) 1.12 796
    2025-01-01 $453,867 (-7.8%) $554,198 (-7.2%) 0.00 686
    Madison's median listing price for 2025-01-01 was $453,867, a difference of $-38,533 (-7.8%) versus the prior year and $3,867 versus the prior month.

    Madison's median listing price comes in at 0% of the national average.

    Madison's average listing price for 2025-01-01 was $554,198, a difference of $-42,851 (-7.2%) versus the prior year and $-3,341 versus the prior month.

    For the 2025-01-01 period, Madison had 686 MLS listings, a difference of -110 listings (-14%) versus the prior month and 136 listings (25%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Madison (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 87 days 1,990 sqft
    2018-02-01 66 days 2,060 sqft
    2018-03-01 40 days 2,125 sqft
    2018-04-01 41 days 2,158 sqft
    2018-05-01 41 days 2,158 sqft
    2018-06-01 43 days 2,144 sqft
    2018-07-01 45 days 2,099 sqft
    2018-08-01 48 days 2,074 sqft
    2018-09-01 52 days 2,054 sqft
    2018-10-01 58 days 2,022 sqft
    2018-11-01 66 days 2,016 sqft
    2018-12-01 74 days 1,966 sqft
    2019-01-01 81 days 1,996 sqft
    2019-02-01 73 days 2,119 sqft
    2019-03-01 59 days 2,177 sqft
    2019-04-01 45 days 2,169 sqft
    2019-05-01 40 days 2,167 sqft
    2019-06-01 43 days 2,149 sqft
    2019-07-01 46 days 2,119 sqft
    2019-08-01 50 days 2,108 sqft
    2019-09-01 56 days 2,072 sqft
    2019-10-01 60 days 2,047 sqft
    2019-11-01 73 days 2,019 sqft
    2019-12-01 94 days 2,009 sqft
    2020-01-01 94 days 1,989 sqft
    2020-02-01 74 days 2,076 sqft
    2020-03-01 48 days 2,106 sqft
    2020-04-01 50 days 2,160 sqft
    2020-05-01 60 days 2,171 sqft
    2020-06-01 67 days 2,163 sqft
    2020-07-01 57 days 2,115 sqft
    2020-08-01 57 days 2,070 sqft
    2020-09-01 52 days 2,005 sqft
    2020-10-01 49 days 1,957 sqft
    2020-11-01 55 days 1,927 sqft
    2020-12-01 65 days 1,900 sqft
    2021-01-01 65 days 1,918 sqft
    2021-02-01 43 days 1,986 sqft
    2021-03-01 35 days 1,965 sqft
    2021-04-01 30 days 1,977 sqft
    2021-05-01 36 days 2,049 sqft
    2021-06-01 34 days 2,017 sqft
    2021-07-01 36 days 1,964 sqft
    2021-08-01 37 days 1,937 sqft
    2021-09-01 41 days 1,905 sqft
    2021-10-01 45 days 1,888 sqft
    2021-11-01 52 days 1,833 sqft
    2021-12-01 60 days 1,790 sqft
    2022-01-01 61 days 1,790 sqft
    2022-02-01 41 days 1,810 sqft
    2022-03-01 32 days 1,875 sqft
    2022-04-01 30 days 1,860 sqft
    2022-05-01 30 days 1,906 sqft
    2022-06-01 35 days 1,985 sqft
    2022-07-01 37 days 1,975 sqft
    2022-08-01 44 days 1,955 sqft
    2022-09-01 47 days 1,943 sqft
    2022-10-01 46 days 1,959 sqft
    2022-11-01 52 days 1,960 sqft
    2022-12-01 68 days 1,920 sqft
    2023-01-01 76 days 1,958 sqft
    2023-02-01 59 days 1,962 sqft
    2023-03-01 40 days 1,970 sqft
    2023-04-01 36 days 2,052 sqft
    2023-05-01 34 days 2,003 sqft
    2023-06-01 39 days 2,016 sqft
    2023-07-01 42 days 2,024 sqft
    2023-08-01 41 days 2,024 sqft
    2023-09-01 46 days 2,064 sqft
    2023-10-01 49 days 2,015 sqft
    2023-11-01 56 days 1,999 sqft
    2023-12-01 66 days 1,982 sqft
    2024-01-01 69 days 1,972 sqft
    2024-02-01 49 days 1,991 sqft
    2024-03-01 41 days 1,920 sqft
    2024-04-01 40 days 1,928 sqft
    2024-05-01 31 days 1,985 sqft
    2024-06-01 36 days 1,964 sqft
    2024-07-01 44 days 1,920 sqft
    2024-08-01 44 days 1,920 sqft
    2024-09-01 46 days 1,908 sqft
    2024-10-01 52 days 1,915 sqft
    2024-11-01 59 days 1,901 sqft
    2024-12-01 69 days 1,891 sqft
    2025-01-01 0 days 1,883 sqft
    Madison's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Madison's median square footage for active listings during the 2025-01-01 period was 1,883 sqft. One year prior, the average listing was 1,972 sqft.