Menomonie USDA Loan Rates, Closing Costs & Stats

Menomonie, 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.

Menomonie's 9 lenders originated 16 USDA loans during 2022. The total origination value was $3,020,000, with an average USDA loan value of $188,750.

Menomonie USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Menomonie averaged 6.27% for the week of 2024-03-15, compared to the national average (all USDA variants) of 6.587% for the same period.

Menomonie's average USDA mortgage closing costs are $4,733.

The average rate for the prior week (2024-03-08) was 6.17% and one month ago for the week of 2024-02-09, the average rate was 6.3%.

The average rate one year ago was 6.3%.

For refis of the same type during the week of 2024-03-15, the average rate was 6.69%.

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

Menomonie 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 Menomonie level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Lend Smart Mortgage, LLC 4 4.75% $7,024
WESTconsin Credit Union 2 3.94% $3,814
EVERETT FINANCIAL, INC. 1 3.88% $3,608
Flagstar Bank, FSB 1 3.63% $9,156
CROSSCOUNTRY MORTGAGE, LLC 1 3.63% $5,515
Nations Lending Corporation 1 6.50% $4,748
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 5.00% $6,440
Royal Credit Union 1 5.75% $6,541
Associated Bank 1 5.50% $3,727

The top Menomonie USDA lender as defined by loan originations is Lend Smart Mortgage, LLC, with 4 USDA loans originated. Their average total fees are $7,024, which is $3,210 higher than the next largest lender, WESTconsin Credit Union.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Menomonie (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 $177,950 (-6.5%) $209,260 (-14.7%) 0.00 87
2018-02-01 $179,950 (-10.0%) $215,050 (-14.9%) 0.00 88
2018-03-01 $194,900 (0.0%) $227,067 (-10.7%) 0.00 87
2018-04-01 $209,900 (5.0%) $242,587 (-5.2%) 0.00 93
2018-05-01 $222,450 (3.5%) $246,135 (-4.2%) 0.00 101
2018-06-01 $204,450 (-12.8%) $240,471 (-6.6%) 0.00 112
2018-07-01 $189,900 (-17.4%) $233,884 (-9.8%) 0.00 115
2018-08-01 $181,050 (-18.8%) $227,028 (-10.7%) 0.00 104
2018-09-01 $186,200 (-4.5%) $246,198 (1.4%) 0.00 112
2018-10-01 $192,200 (-3.2%) $246,809 (7.1%) 0.00 104
2018-11-01 $199,900 (3.0%) $252,105 (12.6%) 0.00 96
2018-12-01 $187,450 (4.2%) $258,785 (25.4%) 0.00 86
2019-01-01 $182,200 (2.4%) $259,342 (23.9%) 0.00 81
2019-02-01 $205,000 (13.9%) $280,080 (30.2%) 0.00 64
2019-03-01 $209,789 (7.6%) $267,001 (17.6%) 0.00 76
2019-04-01 $223,375 (6.4%) $260,623 (7.4%) 0.00 87
2019-05-01 $213,650 (-4.0%) $254,402 (3.4%) 0.00 98
2019-06-01 $197,750 (-3.3%) $255,629 (6.3%) 0.00 111
2019-07-01 $214,950 (13.2%) $267,905 (14.6%) 0.00 123
2019-08-01 $211,291 (16.7%) $265,910 (17.1%) 0.00 121
2019-09-01 $213,377 (14.6%) $264,364 (7.4%) 0.00 121
2019-10-01 $214,975 (11.9%) $264,547 (7.2%) 0.00 120
2019-11-01 $231,250 (15.7%) $291,727 (15.7%) 0.00 115
2019-12-01 $215,000 (14.7%) $290,703 (12.3%) 0.00 102
2020-01-01 $210,500 (15.5%) $291,822 (12.5%) 0.00 84
2020-02-01 $204,950 (0.0%) $304,899 (8.9%) 0.00 75
2020-03-01 $259,950 (23.9%) $333,429 (24.9%) 0.00 88
2020-04-01 $286,175 (28.1%) $345,309 (32.5%) 0.00 90
2020-05-01 $312,400 (46.2%) $349,141 (37.2%) 0.00 86
2020-06-01 $305,650 (54.6%) $350,832 (37.2%) 0.00 87
2020-07-01 $280,300 (30.4%) $337,435 (26.0%) 0.00 80
2020-08-01 $271,900 (28.7%) $323,736 (21.8%) 0.00 77
2020-09-01 $268,375 (25.8%) $334,395 (26.5%) 0.00 79
2020-10-01 $279,700 (30.1%) $322,428 (21.9%) 0.00 74
2020-11-01 $270,950 (17.2%) $316,990 (8.7%) 0.00 59
2020-12-01 $273,650 (27.3%) $333,134 (14.6%) 0.00 57
2021-01-01 $271,900 (29.2%) $316,284 (8.4%) 0.00 45
2021-02-01 $261,650 (27.7%) $318,138 (4.3%) 0.00 40
2021-03-01 $235,244 (-9.5%) $267,275 (-19.8%) 0.00 34
2021-04-01 $169,750 (-40.7%) $271,771 (-21.3%) 0.00 27
2021-05-01 $269,000 (-13.9%) $312,332 (-10.5%) 0.00 38
2021-06-01 $266,400 (-12.8%) $301,966 (-13.9%) 0.00 60
2021-07-01 $264,900 (-5.5%) $329,786 (-2.3%) 0.00 57
2021-08-01 $242,863 (-10.7%) $299,199 (-7.6%) 0.00 53
2021-09-01 $227,400 (-15.3%) $284,744 (-14.9%) 0.00 63
2021-10-01 $239,950 (-14.2%) $289,794 (-10.1%) 0.00 63
2021-11-01 $242,400 (-10.5%) $299,716 (-5.5%) 0.00 53
2021-12-01 $284,925 (4.1%) $312,985 (-6.1%) 0.00 37
2022-01-01 $225,000 (-17.3%) $294,454 (-6.9%) 0.00 27
2022-02-01 $252,975 (-3.3%) $306,872 (-3.5%) 0.00 15
2022-03-01 $292,400 (24.3%) $301,719 (12.9%) 0.00 13
2022-04-01 $339,900 (100.2%) $351,489 (29.3%) 0.00 15
2022-05-01 $327,650 (21.8%) $389,072 (24.6%) 0.00 29
2022-06-01 $334,675 (25.6%) $357,125 (18.3%) 0.00 38
2022-07-01 $299,000 (12.9%) $311,361 (-5.6%) 0.00 44
2022-08-01 $292,450 (20.4%) $309,297 (3.4%) 0.00 49
2022-09-01 $290,450 (27.7%) $316,088 (11.0%) 0.00 38
2022-10-01 $314,950 (31.3%) $329,901 (13.8%) 0.00 47
2022-11-01 $297,675 (22.8%) $309,834 (3.4%) 0.00 46
2022-12-01 $297,450 (4.4%) $311,277 (-0.6%) 0.00 39
2023-01-01 $339,250 (50.8%) $324,280 (10.1%) 0.00 34
2023-02-01 $341,225 (34.9%) $327,222 (6.6%) 0.00 26
2023-03-01 $354,950 (21.4%) $362,074 (20.0%) 0.00 22
2023-04-01 $414,950 (22.1%) $414,584 (18.0%) 0.00 24
2023-05-01 $355,500 (8.5%) $383,748 (-1.4%) 0.00 33
2023-06-01 $358,875 (7.2%) $395,596 (10.8%) 0.00 48
2023-07-01 $352,750 (18.0%) $379,092 (21.8%) 0.00 47
2023-08-01 $334,925 (14.5%) $379,368 (22.7%) 0.00 41
2023-09-01 $327,450 (12.7%) $358,501 (13.4%) 0.00 43
2023-10-01 $318,675 (1.2%) $355,895 (7.9%) 0.00 53
2023-11-01 $317,400 (6.6%) $347,814 (12.3%) 0.00 53
2023-12-01 $329,900 (10.9%) $345,919 (11.1%) 0.00 46
2024-01-01 $334,725 (-1.3%) $376,097 (16.0%) 0.00 38
Menomonie's median listing price for 2024-01-01 was $334,725, a difference of $-4,525 (-1.3%) versus the prior year and $4,825 versus the prior month.

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

Menomonie's average listing price for 2024-01-01 was $376,097, a difference of $51,817 (16.0%) versus the prior year and $30,178 versus the prior month.

For the 2024-01-01 period, Menomonie had 38 MLS listings, a difference of -8 listings (-17%) versus the prior month and 4 listings (12%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Menomonie (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,848 sqft
2018-02-01 0 days 1,818 sqft
2018-03-01 0 days 2,033 sqft
2018-04-01 0 days 2,008 sqft
2018-05-01 0 days 2,007 sqft
2018-06-01 0 days 2,008 sqft
2018-07-01 0 days 1,947 sqft
2018-08-01 0 days 1,914 sqft
2018-09-01 0 days 1,800 sqft
2018-10-01 0 days 2,025 sqft
2018-11-01 0 days 2,106 sqft
2018-12-01 0 days 2,100 sqft
2019-01-01 0 days 2,074 sqft
2019-02-01 0 days 2,174 sqft
2019-03-01 0 days 2,160 sqft
2019-04-01 0 days 2,173 sqft
2019-05-01 0 days 2,144 sqft
2019-06-01 0 days 2,002 sqft
2019-07-01 0 days 1,938 sqft
2019-08-01 0 days 1,816 sqft
2019-09-01 0 days 1,816 sqft
2019-10-01 0 days 1,895 sqft
2019-11-01 0 days 2,000 sqft
2019-12-01 0 days 1,993 sqft
2020-01-01 0 days 1,899 sqft
2020-02-01 0 days 1,670 sqft
2020-03-01 0 days 1,966 sqft
2020-04-01 0 days 1,934 sqft
2020-05-01 0 days 2,390 sqft
2020-06-01 0 days 2,414 sqft
2020-07-01 0 days 2,180 sqft
2020-08-01 0 days 1,980 sqft
2020-09-01 0 days 2,079 sqft
2020-10-01 0 days 2,217 sqft
2020-11-01 0 days 2,268 sqft
2020-12-01 0 days 2,118 sqft
2021-01-01 0 days 1,980 sqft
2021-02-01 0 days 1,781 sqft
2021-03-01 0 days 1,586 sqft
2021-04-01 0 days 1,709 sqft
2021-05-01 0 days 1,842 sqft
2021-06-01 0 days 1,804 sqft
2021-07-01 0 days 1,720 sqft
2021-08-01 0 days 1,648 sqft
2021-09-01 0 days 1,656 sqft
2021-10-01 0 days 1,656 sqft
2021-11-01 0 days 1,682 sqft
2021-12-01 0 days 1,653 sqft
2022-01-01 0 days 1,640 sqft
2022-02-01 0 days 2,479 sqft
2022-03-01 0 days 2,363 sqft
2022-04-01 0 days 2,414 sqft
2022-05-01 0 days 2,282 sqft
2022-06-01 0 days 2,131 sqft
2022-07-01 0 days 2,007 sqft
2022-08-01 0 days 1,980 sqft
2022-09-01 0 days 1,923 sqft
2022-10-01 0 days 1,780 sqft
2022-11-01 0 days 1,732 sqft
2022-12-01 0 days 1,635 sqft
2023-01-01 0 days 1,804 sqft
2023-02-01 0 days 1,922 sqft
2023-03-01 0 days 2,056 sqft
2023-04-01 0 days 2,085 sqft
2023-05-01 0 days 1,989 sqft
2023-06-01 0 days 2,126 sqft
2023-07-01 0 days 2,085 sqft
2023-08-01 0 days 1,988 sqft
2023-09-01 0 days 2,028 sqft
2023-10-01 0 days 2,200 sqft
2023-11-01 0 days 2,110 sqft
2023-12-01 0 days 1,808 sqft
2024-01-01 0 days 1,821 sqft
Menomonie's median listing age (time on market) for 2024-01-01 was 0 days.

Menomonie's median square footage for active listings during the 2024-01-01 period was 1,821 sqft. One year prior, the average listing was 1,804 sqft.