Marinette USDA Loan Rates, Closing Costs & Stats
Marinette, WI-MI
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.
Marinette's 9 lenders originated 20 USDA loans during 2023. The total origination value was $2,670,000, with an average USDA loan value of $133,500.
Marinette USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Marinette
averaged
6.96%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Marinette's average USDA mortgage closing costs are $4,128.
The average rate for the prior week (2024-04-12) was
6.81% and
one month ago for the week of 2024-03-15, the
average rate was 6.9%.
The average rate one year ago was 6.64%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.86%.
Marinette 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 Marinette level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| GUARANTEED RATE, INC. | 7 | 7.09% | $5,440 |
| Flagstar Bank, FSB | 4 | 6.75% | $5,123 |
| GUILD MORTGAGE COMPANY | 1 | 6.13% | $5,488 |
| J. VIRGIL, INC. | 1 | 7.13% | $7,368 |
| Paramount Residential Mortgage Group, Inc. | 1 | 6.63% | $4,639 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.50% | $4,982 |
| CoVantage Credit Union | 1 | 6.00% | $5,800 |
| V.I.P. MORTGAGE, INC. | 1 | 7.50% | $8,527 |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | 1 | 7.63% | $5,149 |
The top Marinette USDA lender as defined by loan originations is GUARANTEED RATE, INC., with
7 USDA loans originated. Their average total fees are
$5,440, which is $317
higher than the next largest lender,
Flagstar Bank, FSB.
The lowest fee Marinette USDA lenders (with over 10 loans originated) are
.
The lowest rate Marinette USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Marinette (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 | $119,700 (8.9%) | $173,839 (0.6%) | 0.00 | 429 |
| 2018-02-01 | $124,950 (11.6%) | $178,921 (1.0%) | 0.00 | 433 |
| 2018-03-01 | $126,950 (6.7%) | $178,971 (1.1%) | 0.00 | 413 |
| 2018-04-01 | $130,900 (4.3%) | $195,341 (6.3%) | 0.00 | 417 |
| 2018-05-01 | $137,700 (8.4%) | $202,088 (11.6%) | 0.00 | 432 |
| 2018-06-01 | $134,900 (4.1%) | $183,731 (0.9%) | 0.00 | 493 |
| 2018-07-01 | $138,975 (11.9%) | $181,650 (-2.8%) | 0.00 | 613 |
| 2018-08-01 | $130,000 (4.1%) | $175,436 (-7.6%) | 0.00 | 668 |
| 2018-09-01 | $134,900 (8.8%) | $181,557 (-0.7%) | 0.00 | 568 |
| 2018-10-01 | $139,225 (10.1%) | $186,995 (1.7%) | 0.00 | 531 |
| 2018-11-01 | $139,450 (12.3%) | $188,636 (3.4%) | 0.00 | 518 |
| 2018-12-01 | $134,900 (12.5%) | $188,608 (6.6%) | 0.00 | 472 |
| 2019-01-01 | $131,950 (10.2%) | $192,627 (10.8%) | 0.00 | 417 |
| 2019-02-01 | $131,950 (5.6%) | $193,527 (8.2%) | 0.00 | 411 |
| 2019-03-01 | $130,471 (2.8%) | $190,120 (6.2%) | 0.00 | 416 |
| 2019-04-01 | $132,471 (1.2%) | $187,444 (-4.0%) | 0.00 | 439 |
| 2019-05-01 | $129,900 (-5.7%) | $186,737 (-7.6%) | 0.00 | 459 |
| 2019-06-01 | $129,900 (-3.7%) | $180,616 (-1.7%) | 0.00 | 513 |
| 2019-07-01 | $129,900 (-6.5%) | $180,134 (-0.8%) | 0.00 | 514 |
| 2019-08-01 | $130,200 (0.2%) | $182,010 (3.8%) | 0.00 | 511 |
| 2019-09-01 | $130,650 (-3.2%) | $182,794 (0.7%) | 0.00 | 495 |
| 2019-10-01 | $135,450 (-2.7%) | $185,545 (-0.8%) | 0.00 | 454 |
| 2019-11-01 | $139,000 (-0.3%) | $185,779 (-1.5%) | 0.00 | 389 |
| 2019-12-01 | $130,925 (-3.0%) | $179,266 (-5.0%) | 0.00 | 338 |
| 2020-01-01 | $129,900 (-1.6%) | $180,154 (-6.5%) | 0.00 | 303 |
| 2020-02-01 | $139,900 (6.0%) | $181,684 (-6.1%) | 0.00 | 308 |
| 2020-03-01 | $149,900 (14.9%) | $194,548 (2.3%) | 0.00 | 305 |
| 2020-04-01 | $149,900 (13.2%) | $195,804 (4.5%) | 0.00 | 272 |
| 2020-05-01 | $149,900 (15.4%) | $200,102 (7.2%) | 0.00 | 270 |
| 2020-06-01 | $146,900 (13.1%) | $200,432 (11.0%) | 0.00 | 301 |
| 2020-07-01 | $145,900 (12.3%) | $202,025 (12.2%) | 0.00 | 315 |
| 2020-08-01 | $149,900 (15.1%) | $205,264 (12.8%) | 0.00 | 280 |
| 2020-09-01 | $149,900 (14.7%) | $212,926 (16.5%) | 0.00 | 266 |
| 2020-10-01 | $142,450 (5.2%) | $205,373 (10.7%) | 0.00 | 237 |
| 2020-11-01 | $135,650 (-2.4%) | $201,887 (8.7%) | 0.00 | 197 |
| 2020-12-01 | $132,900 (1.5%) | $211,890 (18.2%) | 0.00 | 172 |
| 2021-01-01 | $139,900 (7.7%) | $219,616 (21.9%) | 0.00 | 146 |
| 2021-02-01 | $148,675 (6.3%) | $238,175 (31.1%) | 0.00 | 131 |
| 2021-03-01 | $162,650 (8.5%) | $252,475 (29.8%) | 0.00 | 115 |
| 2021-04-01 | $159,400 (6.3%) | $243,010 (24.1%) | 0.00 | 117 |
| 2021-05-01 | $157,400 (5.0%) | $226,738 (13.3%) | 0.00 | 136 |
| 2021-06-01 | $150,950 (2.8%) | $223,221 (11.4%) | 0.00 | 160 |
| 2021-07-01 | $159,900 (9.6%) | $231,550 (14.6%) | 0.00 | 181 |
| 2021-08-01 | $169,900 (13.3%) | $242,140 (18.0%) | 0.00 | 177 |
| 2021-09-01 | $167,450 (11.7%) | $235,162 (10.4%) | 0.00 | 180 |
| 2021-10-01 | $169,900 (19.3%) | $251,115 (22.3%) | 0.00 | 171 |
| 2021-11-01 | $156,725 (15.5%) | $254,658 (26.1%) | 0.00 | 139 |
| 2021-12-01 | $159,300 (19.9%) | $270,046 (27.5%) | 0.00 | 113 |
| 2022-01-01 | $159,900 (14.3%) | $300,582 (36.9%) | 0.00 | 90 |
| 2022-02-01 | $159,925 (7.6%) | $325,430 (36.6%) | 0.00 | 79 |
| 2022-03-01 | $179,900 (10.6%) | $372,149 (47.4%) | 0.00 | 78 |
| 2022-04-01 | $179,900 (12.9%) | $279,851 (15.2%) | 0.00 | 96 |
| 2022-05-01 | $204,950 (30.2%) | $285,614 (26.0%) | 0.00 | 97 |
| 2022-06-01 | $188,650 (25.0%) | $271,143 (21.5%) | 0.00 | 131 |
| 2022-07-01 | $182,450 (14.1%) | $261,704 (13.0%) | 0.00 | 136 |
| 2022-08-01 | $177,450 (4.4%) | $251,407 (3.8%) | 0.00 | 148 |
| 2022-09-01 | $174,900 (4.5%) | $245,507 (4.4%) | 0.00 | 159 |
| 2022-10-01 | $174,900 (2.9%) | $248,861 (-0.9%) | 0.00 | 150 |
| 2022-11-01 | $179,900 (14.8%) | $242,182 (-4.9%) | 0.00 | 153 |
| 2022-12-01 | $190,000 (19.3%) | $239,899 (-11.2%) | 0.00 | 144 |
| 2023-01-01 | $199,900 (25.0%) | $257,331 (-14.4%) | 0.00 | 110 |
| 2023-02-01 | $212,975 (33.2%) | $273,221 (-16.0%) | 0.00 | 96 |
| 2023-03-01 | $222,425 (23.6%) | $278,836 (-25.1%) | 0.00 | 84 |
| 2023-04-01 | $222,400 (23.6%) | $291,148 (4.0%) | 0.00 | 86 |
| 2023-05-01 | $219,175 (6.9%) | $285,637 (0.0%) | 0.00 | 100 |
| 2023-06-01 | $225,000 (19.3%) | $293,867 (8.4%) | 0.00 | 110 |
| 2023-07-01 | $249,900 (37.0%) | $300,932 (15.0%) | 0.00 | 112 |
| 2023-08-01 | $224,975 (26.8%) | $294,043 (17.0%) | 0.00 | 146 |
| 2023-09-01 | $225,000 (28.6%) | $294,143 (19.8%) | 0.00 | 153 |
| 2023-10-01 | $244,900 (40.0%) | $291,723 (17.2%) | 0.00 | 153 |
| 2023-11-01 | $227,450 (26.4%) | $288,483 (19.1%) | 0.00 | 142 |
| 2023-12-01 | $199,900 (5.2%) | $280,456 (16.9%) | 0.00 | 122 |
| 2024-01-01 | $207,450 (3.8%) | $274,630 (6.7%) | 0.00 | 112 |
| 2024-02-01 | $207,400 (-2.6%) | $306,686 (12.3%) | 0.00 | 101 |
| 2024-03-01 | $224,900 (1.1%) | $323,241 (15.9%) | 0.00 | 106 |
Marinette's median listing price comes in at 0% of the national average.
Marinette's average listing price for 2024-03-01 was $323,241, a difference of $44,405 (15.9%) versus the prior year and $16,555 versus the prior month.
For the 2024-03-01 period, Marinette had 106 MLS listings, a difference of 5 listings (5%) versus the prior month and 22 listings (26%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Marinette (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,432 sqft |
| 2018-02-01 | 0 days | 1,452 sqft |
| 2018-03-01 | 0 days | 1,430 sqft |
| 2018-04-01 | 0 days | 1,420 sqft |
| 2018-05-01 | 0 days | 1,512 sqft |
| 2018-06-01 | 0 days | 1,494 sqft |
| 2018-07-01 | 0 days | 1,423 sqft |
| 2018-08-01 | 0 days | 1,400 sqft |
| 2018-09-01 | 0 days | 1,460 sqft |
| 2018-10-01 | 0 days | 1,470 sqft |
| 2018-11-01 | 0 days | 1,456 sqft |
| 2018-12-01 | 0 days | 1,428 sqft |
| 2019-01-01 | 0 days | 1,411 sqft |
| 2019-02-01 | 0 days | 1,433 sqft |
| 2019-03-01 | 0 days | 1,412 sqft |
| 2019-04-01 | 0 days | 1,391 sqft |
| 2019-05-01 | 0 days | 1,399 sqft |
| 2019-06-01 | 0 days | 1,440 sqft |
| 2019-07-01 | 0 days | 1,411 sqft |
| 2019-08-01 | 0 days | 1,411 sqft |
| 2019-09-01 | 0 days | 1,398 sqft |
| 2019-10-01 | 0 days | 1,420 sqft |
| 2019-11-01 | 0 days | 1,462 sqft |
| 2019-12-01 | 0 days | 1,450 sqft |
| 2020-01-01 | 0 days | 1,451 sqft |
| 2020-02-01 | 0 days | 1,516 sqft |
| 2020-03-01 | 0 days | 1,536 sqft |
| 2020-04-01 | 0 days | 1,539 sqft |
| 2020-05-01 | 0 days | 1,512 sqft |
| 2020-06-01 | 0 days | 1,450 sqft |
| 2020-07-01 | 0 days | 1,435 sqft |
| 2020-08-01 | 0 days | 1,460 sqft |
| 2020-09-01 | 0 days | 1,439 sqft |
| 2020-10-01 | 0 days | 1,400 sqft |
| 2020-11-01 | 0 days | 1,420 sqft |
| 2020-12-01 | 0 days | 1,503 sqft |
| 2021-01-01 | 0 days | 1,600 sqft |
| 2021-02-01 | 0 days | 1,681 sqft |
| 2021-03-01 | 0 days | 1,700 sqft |
| 2021-04-01 | 0 days | 1,600 sqft |
| 2021-05-01 | 0 days | 1,567 sqft |
| 2021-06-01 | 0 days | 1,572 sqft |
| 2021-07-01 | 0 days | 1,456 sqft |
| 2021-08-01 | 0 days | 1,497 sqft |
| 2021-09-01 | 0 days | 1,500 sqft |
| 2021-10-01 | 0 days | 1,500 sqft |
| 2021-11-01 | 0 days | 1,487 sqft |
| 2021-12-01 | 0 days | 1,507 sqft |
| 2022-01-01 | 0 days | 1,500 sqft |
| 2022-02-01 | 0 days | 1,439 sqft |
| 2022-03-01 | 0 days | 1,405 sqft |
| 2022-04-01 | 0 days | 1,518 sqft |
| 2022-05-01 | 0 days | 1,589 sqft |
| 2022-06-01 | 0 days | 1,500 sqft |
| 2022-07-01 | 0 days | 1,444 sqft |
| 2022-08-01 | 0 days | 1,446 sqft |
| 2022-09-01 | 0 days | 1,402 sqft |
| 2022-10-01 | 0 days | 1,432 sqft |
| 2022-11-01 | 0 days | 1,404 sqft |
| 2022-12-01 | 0 days | 1,457 sqft |
| 2023-01-01 | 0 days | 1,627 sqft |
| 2023-02-01 | 0 days | 1,687 sqft |
| 2023-03-01 | 0 days | 1,593 sqft |
| 2023-04-01 | 0 days | 1,568 sqft |
| 2023-05-01 | 0 days | 1,478 sqft |
| 2023-06-01 | 0 days | 1,474 sqft |
| 2023-07-01 | 0 days | 1,500 sqft |
| 2023-08-01 | 0 days | 1,483 sqft |
| 2023-09-01 | 0 days | 1,512 sqft |
| 2023-10-01 | 0 days | 1,599 sqft |
| 2023-11-01 | 0 days | 1,610 sqft |
| 2023-12-01 | 0 days | 1,535 sqft |
| 2024-01-01 | 0 days | 1,467 sqft |
| 2024-02-01 | 0 days | 1,527 sqft |
| 2024-03-01 | 0 days | 1,554 sqft |
Marinette's median square footage for active listings during the 2024-03-01 period was 1,554 sqft. One year prior, the average listing was 1,593 sqft.