Milwaukee USDA Loan Rates, Closing Costs & Stats
MILWAUKEE-WAUKESHA, 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.
Milwaukee's 1 lenders originated 2 USDA loans during 2023. The total origination value was $570,000, with an average USDA loan value of $285,000.
Milwaukee USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Milwaukee
averaged
6.37%
for the week of 2025-02-14, compared to the national average (all USDA variants) of
6.526% for the same period.
Milwaukee's average USDA mortgage closing costs are $4,754.
The average rate for the prior week (2025-02-07) was
6.72% and
one month ago for the week of 2025-01-10, the
average rate was 6.57%.
The average rate one year ago was 6.46%.
For refis of the same type during the week of 2025-02-14, the average rate
was 5.94%.
Milwaukee 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 Milwaukee level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| PLANET HOME LENDING, LLC | 1 | 5.99% | $10,258 |
The lowest fee Milwaukee USDA lenders (with over 10 loans originated) are
.
The lowest rate Milwaukee USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Milwaukee (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 | $213,950 (7.0%) | $304,492 (6.1%) | 0.79 | 3,853 |
| 2018-02-01 | $222,400 (9.0%) | $315,287 (7.9%) | 0.81 | 4,075 |
| 2018-03-01 | $232,450 (6.2%) | $321,757 (6.3%) | 0.82 | 4,494 |
| 2018-04-01 | $241,425 (9.8%) | $328,105 (8.0%) | 0.82 | 4,827 |
| 2018-05-01 | $249,900 (10.1%) | $331,661 (7.3%) | 0.83 | 5,146 |
| 2018-06-01 | $259,900 (13.0%) | $343,249 (9.7%) | 0.87 | 5,337 |
| 2018-07-01 | $254,950 (10.9%) | $338,895 (7.2%) | 0.85 | 5,416 |
| 2018-08-01 | $249,900 (8.9%) | $333,963 (6.8%) | 0.84 | 5,521 |
| 2018-09-01 | $249,900 (11.1%) | $336,092 (8.1%) | 0.84 | 5,366 |
| 2018-10-01 | $249,900 (13.6%) | $334,642 (8.6%) | 0.85 | 5,223 |
| 2018-11-01 | $249,000 (13.4%) | $331,330 (7.8%) | 0.84 | 4,819 |
| 2018-12-01 | $244,900 (14.0%) | $327,679 (8.5%) | 0.84 | 4,059 |
| 2019-01-01 | $249,575 (16.7%) | $332,532 (9.2%) | 0.86 | 3,608 |
| 2019-02-01 | $261,900 (17.8%) | $342,888 (8.8%) | 0.88 | 3,779 |
| 2019-03-01 | $270,943 (16.6%) | $351,302 (9.2%) | 0.89 | 4,192 |
| 2019-04-01 | $304,450 (26.1%) | $385,822 (17.6%) | 0.97 | 4,720 |
| 2019-05-01 | $304,900 (22.0%) | $386,767 (16.6%) | 0.95 | 4,974 |
| 2019-06-01 | $279,900 (7.7%) | $358,164 (4.4%) | 0.87 | 5,245 |
| 2019-07-01 | $281,850 (10.6%) | $364,380 (7.5%) | 0.88 | 5,221 |
| 2019-08-01 | $275,855 (10.4%) | $360,673 (8.0%) | 0.87 | 5,236 |
| 2019-09-01 | $269,749 (7.9%) | $355,033 (5.6%) | 0.86 | 5,207 |
| 2019-10-01 | $264,950 (6.0%) | $349,048 (4.3%) | 0.85 | 5,162 |
| 2019-11-01 | $259,900 (4.4%) | $342,044 (3.2%) | 0.85 | 4,588 |
| 2019-12-01 | $253,450 (3.5%) | $339,705 (3.7%) | 0.85 | 3,760 |
| 2020-01-01 | $256,475 (2.8%) | $341,509 (2.7%) | 0.86 | 3,366 |
| 2020-02-01 | $269,900 (3.1%) | $352,524 (2.8%) | 0.88 | 3,608 |
| 2020-03-01 | $279,900 (3.3%) | $356,161 (1.4%) | 0.88 | 3,994 |
| 2020-04-01 | $282,450 (-7.2%) | $356,228 (-7.7%) | 0.88 | 3,907 |
| 2020-05-01 | $293,950 (-3.6%) | $370,498 (-4.2%) | 0.89 | 4,032 |
| 2020-06-01 | $294,925 (5.4%) | $371,487 (3.7%) | 0.87 | 4,432 |
| 2020-07-01 | $299,900 (6.4%) | $375,615 (3.1%) | 0.87 | 4,500 |
| 2020-08-01 | $289,900 (5.1%) | $372,590 (3.3%) | 0.83 | 4,557 |
| 2020-09-01 | $275,000 (2.0%) | $359,972 (1.4%) | 0.79 | 4,634 |
| 2020-10-01 | $267,900 (1.1%) | $352,902 (1.1%) | 0.77 | 4,433 |
| 2020-11-01 | $263,700 (1.5%) | $352,325 (3.0%) | 0.77 | 3,788 |
| 2020-12-01 | $260,000 (2.6%) | $352,173 (3.7%) | 0.77 | 3,041 |
| 2021-01-01 | $259,900 (1.3%) | $353,181 (3.4%) | 0.78 | 2,481 |
| 2021-02-01 | $264,900 (-1.9%) | $356,453 (1.1%) | 0.77 | 2,489 |
| 2021-03-01 | $274,900 (-1.8%) | $359,191 (0.9%) | 0.78 | 2,704 |
| 2021-04-01 | $277,450 (-1.8%) | $361,118 (1.4%) | 0.75 | 3,054 |
| 2021-05-01 | $289,900 (-1.4%) | $371,738 (0.3%) | 0.77 | 3,450 |
| 2021-06-01 | $289,900 (-1.7%) | $371,004 (-0.1%) | 0.76 | 3,911 |
| 2021-07-01 | $284,900 (-5.0%) | $362,260 (-3.6%) | 0.75 | 4,361 |
| 2021-08-01 | $280,000 (-3.4%) | $359,763 (-3.4%) | 0.75 | 4,433 |
| 2021-09-01 | $276,850 (0.7%) | $357,279 (-0.8%) | 0.74 | 4,388 |
| 2021-10-01 | $274,900 (2.6%) | $357,071 (1.2%) | 0.73 | 4,163 |
| 2021-11-01 | $262,400 (-0.5%) | $350,043 (-0.7%) | 0.70 | 3,708 |
| 2021-12-01 | $250,000 (-3.9%) | $341,680 (-3.0%) | 0.68 | 2,930 |
| 2022-01-01 | $259,900 (0.0%) | $353,801 (0.2%) | 0.70 | 2,124 |
| 2022-02-01 | $267,900 (1.1%) | $363,553 (2.0%) | 0.70 | 2,284 |
| 2022-03-01 | $289,950 (5.5%) | $389,002 (8.3%) | 0.73 | 2,389 |
| 2022-04-01 | $299,900 (8.1%) | $397,866 (10.2%) | 0.71 | 2,615 |
| 2022-05-01 | $322,450 (11.2%) | $408,308 (9.8%) | 0.74 | 3,099 |
| 2022-06-01 | $334,900 (15.5%) | $420,055 (13.2%) | 0.75 | 3,400 |
| 2022-07-01 | $325,000 (14.1%) | $413,986 (14.3%) | 0.73 | 3,598 |
| 2022-08-01 | $332,400 (18.7%) | $415,757 (15.6%) | 0.77 | 3,590 |
| 2022-09-01 | $332,450 (20.1%) | $416,109 (16.5%) | 0.78 | 3,203 |
| 2022-10-01 | $329,900 (20.0%) | $415,246 (16.3%) | 0.78 | 3,111 |
| 2022-11-01 | $324,950 (23.8%) | $414,015 (18.3%) | 0.78 | 2,992 |
| 2022-12-01 | $337,900 (35.2%) | $427,662 (25.2%) | 0.83 | 2,353 |
| 2023-01-01 | $349,900 (34.6%) | $431,805 (22.1%) | 0.87 | 1,947 |
| 2023-02-01 | $349,900 (30.6%) | $438,030 (20.5%) | 0.84 | 1,989 |
| 2023-03-01 | $367,450 (26.7%) | $452,360 (16.3%) | 0.86 | 1,985 |
| 2023-04-01 | $369,000 (23.0%) | $452,864 (13.8%) | 0.86 | 2,181 |
| 2023-05-01 | $374,950 (16.3%) | $460,116 (12.7%) | 0.85 | 2,380 |
| 2023-06-01 | $379,950 (13.5%) | $478,495 (13.9%) | 0.85 | 2,546 |
| 2023-07-01 | $374,900 (15.4%) | $475,658 (14.9%) | 0.85 | 2,707 |
| 2023-08-01 | $352,450 (6.0%) | $461,174 (10.9%) | 0.81 | 2,834 |
| 2023-09-01 | $349,900 (5.3%) | $453,574 (9.0%) | 0.81 | 2,922 |
| 2023-10-01 | $339,950 (3.1%) | $437,860 (5.5%) | 0.80 | 3,019 |
| 2023-11-01 | $342,450 (5.4%) | $441,599 (6.7%) | 0.82 | 2,839 |
| 2023-12-01 | $334,900 (-0.9%) | $434,722 (1.7%) | 0.82 | 2,356 |
| 2024-01-01 | $341,950 (-2.3%) | $434,430 (0.6%) | 0.84 | 2,034 |
| 2024-02-01 | $352,400 (0.7%) | $448,662 (2.4%) | 0.85 | 1,946 |
| 2024-03-01 | $364,900 (-0.7%) | $459,862 (1.7%) | 0.86 | 2,169 |
| 2024-04-01 | $376,450 (2.0%) | $469,362 (3.6%) | 0.88 | 2,448 |
| 2024-05-01 | $399,900 (6.7%) | $492,736 (7.1%) | 0.90 | 2,730 |
| 2024-06-01 | $399,900 (5.3%) | $489,429 (2.3%) | 0.90 | 3,072 |
| 2024-07-01 | $399,900 (6.7%) | $494,262 (3.9%) | 0.91 | 2,844 |
| 2024-08-01 | $399,000 (13.2%) | $480,805 (4.3%) | 0.93 | 3,049 |
| 2024-09-01 | $389,900 (11.4%) | $479,713 (5.8%) | 0.92 | 3,154 |
| 2024-10-01 | $377,500 (11.1%) | $473,090 (8.1%) | 0.89 | 3,261 |
| 2024-11-01 | $365,000 (6.6%) | $459,383 (4.0%) | 0.88 | 3,164 |
| 2024-12-01 | $357,425 (6.7%) | $457,222 (5.2%) | 0.89 | 2,500 |
| 2025-01-01 | $362,500 (6.0%) | $457,788 (5.4%) | 0.00 | 2,135 |
Milwaukee's median listing price comes in at 0% of the national average.
Milwaukee's average listing price for 2025-01-01 was $457,788, a difference of $23,358 (5.4%) versus the prior year and $566 versus the prior month.
For the 2025-01-01 period, Milwaukee had 2,135 MLS listings, a difference of -365 listings (-15%) versus the prior month and 101 listings (5%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Milwaukee (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 77 days | 1,643 sqft |
| 2018-02-01 | 55 days | 1,670 sqft |
| 2018-03-01 | 40 days | 1,716 sqft |
| 2018-04-01 | 36 days | 1,736 sqft |
| 2018-05-01 | 36 days | 1,748 sqft |
| 2018-06-01 | 36 days | 1,786 sqft |
| 2018-07-01 | 40 days | 1,762 sqft |
| 2018-08-01 | 40 days | 1,738 sqft |
| 2018-09-01 | 43 days | 1,730 sqft |
| 2018-10-01 | 45 days | 1,734 sqft |
| 2018-11-01 | 50 days | 1,725 sqft |
| 2018-12-01 | 59 days | 1,719 sqft |
| 2019-01-01 | 67 days | 1,739 sqft |
| 2019-02-01 | 54 days | 1,780 sqft |
| 2019-03-01 | 42 days | 1,805 sqft |
| 2019-04-01 | 39 days | 1,899 sqft |
| 2019-05-01 | 38 days | 1,916 sqft |
| 2019-06-01 | 36 days | 1,830 sqft |
| 2019-07-01 | 37 days | 1,835 sqft |
| 2019-08-01 | 39 days | 1,824 sqft |
| 2019-09-01 | 42 days | 1,807 sqft |
| 2019-10-01 | 44 days | 1,789 sqft |
| 2019-11-01 | 50 days | 1,760 sqft |
| 2019-12-01 | 61 days | 1,723 sqft |
| 2020-01-01 | 65 days | 1,706 sqft |
| 2020-02-01 | 43 days | 1,752 sqft |
| 2020-03-01 | 37 days | 1,784 sqft |
| 2020-04-01 | 39 days | 1,796 sqft |
| 2020-05-01 | 42 days | 1,826 sqft |
| 2020-06-01 | 36 days | 1,823 sqft |
| 2020-07-01 | 36 days | 1,822 sqft |
| 2020-08-01 | 33 days | 1,800 sqft |
| 2020-09-01 | 35 days | 1,725 sqft |
| 2020-10-01 | 36 days | 1,680 sqft |
| 2020-11-01 | 40 days | 1,665 sqft |
| 2020-12-01 | 46 days | 1,638 sqft |
| 2021-01-01 | 48 days | 1,619 sqft |
| 2021-02-01 | 37 days | 1,631 sqft |
| 2021-03-01 | 30 days | 1,631 sqft |
| 2021-04-01 | 29 days | 1,620 sqft |
| 2021-05-01 | 26 days | 1,686 sqft |
| 2021-06-01 | 26 days | 1,700 sqft |
| 2021-07-01 | 29 days | 1,687 sqft |
| 2021-08-01 | 32 days | 1,680 sqft |
| 2021-09-01 | 35 days | 1,656 sqft |
| 2021-10-01 | 37 days | 1,635 sqft |
| 2021-11-01 | 41 days | 1,612 sqft |
| 2021-12-01 | 49 days | 1,582 sqft |
| 2022-01-01 | 50 days | 1,576 sqft |
| 2022-02-01 | 30 days | 1,610 sqft |
| 2022-03-01 | 30 days | 1,647 sqft |
| 2022-04-01 | 28 days | 1,676 sqft |
| 2022-05-01 | 25 days | 1,732 sqft |
| 2022-06-01 | 28 days | 1,773 sqft |
| 2022-07-01 | 29 days | 1,752 sqft |
| 2022-08-01 | 32 days | 1,752 sqft |
| 2022-09-01 | 36 days | 1,732 sqft |
| 2022-10-01 | 35 days | 1,730 sqft |
| 2022-11-01 | 37 days | 1,717 sqft |
| 2022-12-01 | 46 days | 1,718 sqft |
| 2023-01-01 | 55 days | 1,701 sqft |
| 2023-02-01 | 37 days | 1,708 sqft |
| 2023-03-01 | 33 days | 1,726 sqft |
| 2023-04-01 | 30 days | 1,764 sqft |
| 2023-05-01 | 29 days | 1,777 sqft |
| 2023-06-01 | 29 days | 1,786 sqft |
| 2023-07-01 | 29 days | 1,755 sqft |
| 2023-08-01 | 29 days | 1,718 sqft |
| 2023-09-01 | 30 days | 1,696 sqft |
| 2023-10-01 | 32 days | 1,701 sqft |
| 2023-11-01 | 36 days | 1,721 sqft |
| 2023-12-01 | 44 days | 1,692 sqft |
| 2024-01-01 | 46 days | 1,680 sqft |
| 2024-02-01 | 37 days | 1,709 sqft |
| 2024-03-01 | 29 days | 1,731 sqft |
| 2024-04-01 | 31 days | 1,762 sqft |
| 2024-05-01 | 29 days | 1,808 sqft |
| 2024-06-01 | 30 days | 1,805 sqft |
| 2024-07-01 | 30 days | 1,816 sqft |
| 2024-08-01 | 29 days | 1,820 sqft |
| 2024-09-01 | 31 days | 1,803 sqft |
| 2024-10-01 | 32 days | 1,764 sqft |
| 2024-11-01 | 37 days | 1,718 sqft |
| 2024-12-01 | 45 days | 1,694 sqft |
| 2025-01-01 | 0 days | 1,695 sqft |
Milwaukee's median square footage for active listings during the 2025-01-01 period was 1,695 sqft. One year prior, the average listing was 1,680 sqft.