Manitowoc USDA Loan Rates, Closing Costs & Stats

Manitowoc, 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.

Manitowoc's 4 lenders originated 5 USDA loans during 2022. The total origination value was $745,000, with an average USDA loan value of $149,000.

Manitowoc USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Manitowoc averaged 6.41% for the week of 2024-03-01, compared to the national average (all USDA variants) of 6.729% for the same period.

Manitowoc's average USDA mortgage closing costs are $3,745.

The average rate for the prior week (2024-02-23) was 6.26% and one month ago for the week of 2024-01-26, the average rate was 5.92%.

The average rate one year ago was 6.08%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.4%.

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

Manitowoc 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 Manitowoc level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
UNION HOME MORTGAGE CORP. 2 5.88% $4,784
DIRECT MORTGAGE LOANS, LLC 1 5.63% $5,091
FINANCE OF AMERICA MORTGAGE LLC 1 5.13% $3,180
Servion, Inc. 1 4.25% $5,908

The top Manitowoc USDA lender as defined by loan originations is UNION HOME MORTGAGE CORP., with 2 USDA loans originated. Their average total fees are $4,784, which is $307 lower than the next largest lender, DIRECT MORTGAGE LOANS, LLC.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Manitowoc (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 $114,450 (4.1%) $165,972 (10.3%) 0.00 291
2018-02-01 $118,000 (9.4%) $182,810 (22.3%) 0.00 229
2018-03-01 $134,900 (25.8%) $199,691 (29.6%) 0.00 225
2018-04-01 $124,925 (18.5%) $201,400 (32.1%) 0.00 218
2018-05-01 $130,200 (17.4%) $208,130 (33.1%) 0.00 217
2018-06-01 $130,200 (13.5%) $217,444 (33.2%) 0.00 232
2018-07-01 $138,725 (17.9%) $227,215 (36.5%) 0.00 251
2018-08-01 $134,900 (12.5%) $218,422 (27.3%) 0.00 264
2018-09-01 $129,900 (8.4%) $217,665 (26.6%) 0.00 261
2018-10-01 $135,350 (13.9%) $207,008 (17.8%) 0.00 270
2018-11-01 $132,450 (15.3%) $198,504 (14.7%) 0.00 249
2018-12-01 $135,000 (17.5%) $202,553 (19.3%) 0.00 250
2019-01-01 $136,675 (19.4%) $211,874 (27.7%) 0.00 230
2019-02-01 $131,175 (11.2%) $212,478 (16.2%) 0.00 205
2019-03-01 $137,786 (2.1%) $221,486 (10.9%) 0.00 204
2019-04-01 $144,900 (16.0%) $234,445 (16.4%) 0.00 252
2019-05-01 $154,700 (18.8%) $258,992 (24.4%) 0.00 182
2019-06-01 $169,900 (30.5%) $260,045 (19.6%) 0.00 191
2019-07-01 $178,075 (28.4%) $269,644 (18.7%) 0.00 203
2019-08-01 $169,609 (25.7%) $259,775 (18.9%) 0.00 200
2019-09-01 $159,648 (22.9%) $252,302 (15.9%) 0.00 209
2019-10-01 $150,900 (11.5%) $245,224 (18.5%) 0.00 217
2019-11-01 $145,900 (10.2%) $238,078 (19.9%) 0.00 209
2019-12-01 $144,533 (7.1%) $238,074 (17.5%) 0.00 194
2020-01-01 $141,175 (3.3%) $233,376 (10.2%) 0.00 175
2020-02-01 $139,900 (6.7%) $233,931 (10.1%) 0.00 161
2020-03-01 $138,750 (0.7%) $220,267 (-0.6%) 0.00 147
2020-04-01 $143,700 (-0.8%) $236,543 (0.9%) 0.00 142
2020-05-01 $176,500 (14.1%) $236,079 (-8.9%) 0.00 139
2020-06-01 $195,950 (15.3%) $254,030 (-2.3%) 0.00 128
2020-07-01 $185,725 (4.3%) $244,227 (-9.4%) 0.00 118
2020-08-01 $179,900 (6.1%) $235,654 (-9.3%) 0.00 107
2020-09-01 $184,450 (15.5%) $237,422 (-5.9%) 0.00 115
2020-10-01 $179,900 (19.2%) $246,305 (0.4%) 0.00 110
2020-11-01 $167,425 (14.8%) $243,806 (2.4%) 0.00 92
2020-12-01 $164,950 (14.1%) $230,398 (-3.2%) 0.00 78
2021-01-01 $167,400 (18.6%) $239,727 (2.7%) 0.00 67
2021-02-01 $186,000 (33.0%) $269,732 (15.3%) 0.00 49
2021-03-01 $182,425 (31.5%) $268,141 (21.7%) 0.00 52
2021-04-01 $172,800 (20.3%) $274,666 (16.1%) 0.00 59
2021-05-01 $214,900 (21.8%) $295,192 (25.0%) 0.00 71
2021-06-01 $225,000 (14.8%) $292,432 (15.1%) 0.00 92
2021-07-01 $224,900 (21.1%) $291,294 (19.3%) 0.00 104
2021-08-01 $207,450 (15.3%) $279,356 (18.6%) 0.00 113
2021-09-01 $193,350 (4.8%) $283,111 (19.2%) 0.00 106
2021-10-01 $182,500 (1.5%) $267,698 (8.7%) 0.00 111
2021-11-01 $167,400 (0.0%) $273,529 (12.2%) 0.00 110
2021-12-01 $165,450 (0.3%) $277,239 (20.3%) 0.00 88
2022-01-01 $169,450 (1.2%) $272,154 (13.5%) 0.00 64
2022-02-01 $187,400 (0.8%) $271,511 (0.7%) 0.00 53
2022-03-01 $191,000 (4.7%) $275,417 (2.7%) 0.00 61
2022-04-01 $189,000 (9.4%) $287,848 (4.8%) 0.00 61
2022-05-01 $207,875 (-3.3%) $275,160 (-6.8%) 0.00 72
2022-06-01 $228,650 (1.6%) $292,003 (-0.2%) 0.00 70
2022-07-01 $239,900 (6.7%) $281,481 (-3.4%) 0.00 93
2022-08-01 $229,650 (10.7%) $285,012 (2.0%) 0.00 91
2022-09-01 $208,725 (8.0%) $280,271 (-1.0%) 0.00 86
2022-10-01 $220,000 (20.6%) $276,774 (3.4%) 0.00 87
2022-11-01 $249,950 (49.3%) $292,256 (6.9%) 0.00 82
2022-12-01 $249,900 (51.0%) $280,024 (1.0%) 0.00 65
2023-01-01 $279,000 (64.7%) $298,791 (9.8%) 0.00 56
2023-02-01 $269,950 (44.1%) $322,614 (18.8%) 0.00 53
2023-03-01 $249,900 (30.8%) $303,233 (10.1%) 0.00 73
2023-04-01 $229,900 (21.6%) $275,489 (-4.3%) 0.00 95
2023-05-01 $238,650 (14.8%) $277,995 (1.0%) 0.00 101
2023-06-01 $217,950 (-4.7%) $294,971 (1.0%) 0.00 117
2023-07-01 $244,500 (1.9%) $308,340 (9.5%) 0.00 120
2023-08-01 $244,450 (6.4%) $312,004 (9.5%) 0.00 118
2023-09-01 $269,900 (29.3%) $315,396 (12.5%) 0.00 114
2023-10-01 $259,475 (17.9%) $312,512 (12.9%) 0.00 137
2023-11-01 $227,700 (-8.9%) $291,435 (-0.3%) 0.00 145
2023-12-01 $242,200 (-3.1%) $303,218 (8.3%) 0.00 129
2024-01-01 $241,050 (-13.6%) $313,992 (5.1%) 0.00 105
Manitowoc's median listing price for 2024-01-01 was $241,050, a difference of $-37,950 (-13.6%) versus the prior year and $-1,150 versus the prior month.

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

Manitowoc's average listing price for 2024-01-01 was $313,992, a difference of $15,201 (5.1%) versus the prior year and $10,774 versus the prior month.

For the 2024-01-01 period, Manitowoc had 105 MLS listings, a difference of -24 listings (-19%) versus the prior month and 49 listings (88%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Manitowoc (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,519 sqft
2018-02-01 0 days 1,544 sqft
2018-03-01 0 days 1,578 sqft
2018-04-01 0 days 1,587 sqft
2018-05-01 0 days 1,599 sqft
2018-06-01 0 days 1,647 sqft
2018-07-01 0 days 1,676 sqft
2018-08-01 0 days 1,699 sqft
2018-09-01 0 days 1,805 sqft
2018-10-01 0 days 1,795 sqft
2018-11-01 0 days 1,708 sqft
2018-12-01 0 days 1,714 sqft
2019-01-01 0 days 1,662 sqft
2019-02-01 0 days 1,655 sqft
2019-03-01 0 days 1,695 sqft
2019-04-01 0 days 1,726 sqft
2019-05-01 0 days 1,805 sqft
2019-06-01 0 days 1,830 sqft
2019-07-01 0 days 1,819 sqft
2019-08-01 0 days 1,751 sqft
2019-09-01 0 days 1,740 sqft
2019-10-01 0 days 1,726 sqft
2019-11-01 0 days 1,687 sqft
2019-12-01 0 days 1,677 sqft
2020-01-01 0 days 1,614 sqft
2020-02-01 0 days 1,632 sqft
2020-03-01 0 days 1,597 sqft
2020-04-01 0 days 1,633 sqft
2020-05-01 0 days 1,661 sqft
2020-06-01 0 days 1,785 sqft
2020-07-01 0 days 1,850 sqft
2020-08-01 0 days 1,835 sqft
2020-09-01 0 days 1,856 sqft
2020-10-01 0 days 1,847 sqft
2020-11-01 0 days 1,631 sqft
2020-12-01 0 days 1,562 sqft
2021-01-01 0 days 1,560 sqft
2021-02-01 0 days 1,571 sqft
2021-03-01 0 days 1,600 sqft
2021-04-01 0 days 1,606 sqft
2021-05-01 0 days 1,659 sqft
2021-06-01 0 days 1,638 sqft
2021-07-01 0 days 1,666 sqft
2021-08-01 0 days 1,661 sqft
2021-09-01 0 days 1,657 sqft
2021-10-01 0 days 1,598 sqft
2021-11-01 0 days 1,566 sqft
2021-12-01 0 days 1,511 sqft
2022-01-01 0 days 1,575 sqft
2022-02-01 0 days 1,659 sqft
2022-03-01 0 days 1,634 sqft
2022-04-01 0 days 1,650 sqft
2022-05-01 0 days 1,729 sqft
2022-06-01 0 days 1,723 sqft
2022-07-01 0 days 1,676 sqft
2022-08-01 0 days 1,629 sqft
2022-09-01 0 days 1,613 sqft
2022-10-01 0 days 1,671 sqft
2022-11-01 0 days 1,712 sqft
2022-12-01 0 days 1,670 sqft
2023-01-01 0 days 1,690 sqft
2023-02-01 0 days 1,695 sqft
2023-03-01 0 days 1,620 sqft
2023-04-01 0 days 1,524 sqft
2023-05-01 0 days 1,601 sqft
2023-06-01 0 days 1,576 sqft
2023-07-01 0 days 1,638 sqft
2023-08-01 0 days 1,680 sqft
2023-09-01 0 days 1,694 sqft
2023-10-01 0 days 1,642 sqft
2023-11-01 0 days 1,615 sqft
2023-12-01 0 days 1,639 sqft
2024-01-01 0 days 1,647 sqft
Manitowoc's median listing age (time on market) for 2024-01-01 was 0 days.

Manitowoc's median square footage for active listings during the 2024-01-01 period was 1,647 sqft. One year prior, the average listing was 1,690 sqft.