Racine USDA Loan Rates, Closing Costs & Stats

RACINE, 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.

    Racine's 1 lenders originated 1 USDA loans during 2023. The total origination value was $225,000, with an average USDA loan value of $225,000.

    Racine USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Racine averaged 0.27% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Racine's average USDA mortgage closing costs are $4,772.

    The average rate for the prior week (2024-11-08) was 6.43% and one month ago for the week of 2024-10-11, the average rate was 6.19%.

    The average rate one year ago was 7.52%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.8%.

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

    Racine 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 Racine level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Nations Lending Corporation 1 6.63% $3,771

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Racine (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 $180,700 (9.5%) $234,684 (5.6%) 0.67 546
    2018-02-01 $190,950 (14.9%) $237,575 (6.9%) 0.69 529
    2018-03-01 $199,900 (9.9%) $246,275 (7.6%) 0.70 551
    2018-04-01 $218,700 (12.2%) $255,336 (9.8%) 0.74 582
    2018-05-01 $229,450 (14.8%) $261,007 (8.2%) 0.77 631
    2018-06-01 $239,900 (19.5%) $270,305 (11.0%) 0.80 667
    2018-07-01 $235,750 (17.9%) $268,046 (9.6%) 0.79 698
    2018-08-01 $227,000 (13.8%) $266,103 (8.4%) 0.76 767
    2018-09-01 $229,900 (10.0%) $268,453 (8.9%) 0.77 795
    2018-10-01 $225,950 (19.0%) $266,165 (8.8%) 0.77 796
    2018-11-01 $222,400 (18.6%) $266,792 (11.0%) 0.75 753
    2018-12-01 $210,000 (16.7%) $258,952 (11.1%) 0.72 669
    2019-01-01 $199,950 (10.7%) $257,494 (9.7%) 0.69 587
    2019-02-01 $228,450 (19.6%) $277,973 (17.0%) 0.77 552
    2019-03-01 $228,243 (14.2%) $280,813 (14.0%) 0.75 598
    2019-04-01 $244,900 (12.0%) $298,569 (16.9%) 0.78 662
    2019-05-01 $254,475 (10.9%) $309,779 (18.7%) 0.80 708
    2019-06-01 $239,200 (-0.3%) $295,002 (9.1%) 0.75 760
    2019-07-01 $229,950 (-2.5%) $290,090 (8.2%) 0.72 807
    2019-08-01 $229,655 (1.2%) $288,245 (8.3%) 0.73 824
    2019-09-01 $229,286 (-0.3%) $287,268 (7.0%) 0.73 822
    2019-10-01 $226,950 (0.4%) $286,104 (7.5%) 0.73 821
    2019-11-01 $215,000 (-3.3%) $278,364 (4.3%) 0.70 777
    2019-12-01 $209,800 (-0.1%) $275,950 (6.6%) 0.70 642
    2020-01-01 $210,000 (5.0%) $279,472 (8.5%) 0.70 579
    2020-02-01 $209,900 (-8.1%) $280,324 (0.9%) 0.69 583
    2020-03-01 $234,925 (2.9%) $295,867 (5.4%) 0.74 615
    2020-04-01 $233,075 (-4.8%) $274,778 (-8.0%) 0.73 623
    2020-05-01 $240,450 (-5.5%) $282,504 (-8.8%) 0.73 632
    2020-06-01 $245,975 (2.8%) $284,125 (-3.7%) 0.72 663
    2020-07-01 $250,000 (8.7%) $306,814 (5.8%) 0.72 685
    2020-08-01 $248,000 (8.0%) $301,486 (4.6%) 0.71 682
    2020-09-01 $239,950 (4.7%) $299,797 (4.4%) 0.69 671
    2020-10-01 $229,900 (1.3%) $290,950 (1.7%) 0.66 660
    2020-11-01 $209,950 (-2.4%) $285,097 (2.4%) 0.61 589
    2020-12-01 $199,944 (-4.7%) $281,649 (2.1%) 0.59 489
    2021-01-01 $209,900 (-0.1%) $282,659 (1.1%) 0.63 410
    2021-02-01 $219,900 (4.8%) $291,380 (3.9%) 0.64 393
    2021-03-01 $225,000 (-4.2%) $303,975 (2.7%) 0.64 373
    2021-04-01 $242,000 (3.8%) $311,851 (13.5%) 0.66 394
    2021-05-01 $249,900 (3.9%) $318,593 (12.8%) 0.66 486
    2021-06-01 $254,225 (3.4%) $319,808 (12.6%) 0.67 571
    2021-07-01 $249,900 (0.0%) $322,261 (5.0%) 0.66 556
    2021-08-01 $246,750 (-0.5%) $317,383 (5.3%) 0.66 625
    2021-09-01 $242,450 (1.0%) $311,264 (3.8%) 0.65 699
    2021-10-01 $239,900 (4.4%) $312,262 (7.3%) 0.64 665
    2021-11-01 $235,000 (11.9%) $303,600 (6.5%) 0.63 582
    2021-12-01 $239,950 (20.0%) $311,232 (10.5%) 0.65 458
    2022-01-01 $229,950 (9.6%) $316,786 (12.1%) 0.62 337
    2022-02-01 $249,950 (13.7%) $340,955 (17.0%) 0.65 302
    2022-03-01 $252,450 (12.2%) $345,659 (13.7%) 0.63 293
    2022-04-01 $244,500 (1.0%) $343,560 (10.2%) 0.58 361
    2022-05-01 $274,200 (9.7%) $348,687 (9.5%) 0.63 432
    2022-06-01 $291,200 (14.5%) $360,235 (12.6%) 0.65 536
    2022-07-01 $298,000 (19.3%) $367,459 (14.0%) 0.67 572
    2022-08-01 $284,925 (15.5%) $357,084 (12.5%) 0.66 588
    2022-09-01 $277,500 (14.5%) $354,751 (14.0%) 0.65 556
    2022-10-01 $284,900 (18.8%) $358,125 (14.7%) 0.67 557
    2022-11-01 $287,450 (22.3%) $354,963 (16.9%) 0.69 500
    2022-12-01 $299,900 (25.0%) $356,779 (14.6%) 0.74 403
    2023-01-01 $315,500 (37.2%) $357,587 (12.9%) 0.78 343
    2023-02-01 $302,425 (21.0%) $360,462 (5.7%) 0.73 343
    2023-03-01 $336,950 (33.5%) $373,939 (8.2%) 0.79 316
    2023-04-01 $350,000 (43.2%) $390,778 (13.7%) 0.81 335
    2023-05-01 $349,925 (27.6%) $388,975 (11.6%) 0.79 351
    2023-06-01 $329,900 (13.3%) $379,592 (5.4%) 0.74 378
    2023-07-01 $349,900 (17.4%) $384,670 (4.7%) 0.80 407
    2023-08-01 $349,950 (22.8%) $389,311 (9.0%) 0.80 397
    2023-09-01 $352,450 (27.0%) $409,717 (15.5%) 0.82 416
    2023-10-01 $347,200 (21.9%) $404,783 (13.0%) 0.82 423
    2023-11-01 $340,975 (18.6%) $402,043 (13.3%) 0.81 413
    2023-12-01 $334,000 (11.4%) $383,499 (7.5%) 0.81 366
    2024-01-01 $335,700 (6.4%) $377,368 (5.5%) 0.82 322
    2024-02-01 $345,950 (14.4%) $376,873 (4.6%) 0.83 323
    2024-03-01 $348,000 (3.3%) $389,624 (4.2%) 0.82 298
    2024-04-01 $342,000 (-2.3%) $416,635 (6.6%) 0.80 281
    2024-05-01 $349,900 (0.0%) $433,618 (11.5%) 0.79 381
    2024-06-01 $349,900 (6.1%) $422,988 (11.4%) 0.79 429
    2024-07-01 $342,450 (-2.1%) $426,264 (10.8%) 0.78 399
    2024-08-01 $339,900 (-2.9%) $417,792 (7.3%) 0.79 438
    2024-09-01 $323,495 (-8.2%) $400,905 (-2.2%) 0.76 465
    2024-10-01 $322,750 (-7.0%) $397,007 (-1.9%) 0.76 476
    Racine's median listing price for 2024-10-01 was $322,750, a difference of $-24,450 (-7.0%) versus the prior year and $-745 versus the prior month.

    Racine's median listing price comes in at 76% of the national average.

    Racine's average listing price for 2024-10-01 was $397,007, a difference of $-7,776 (-1.9%) versus the prior year and $-3,898 versus the prior month.

    For the 2024-10-01 period, Racine had 476 MLS listings, a difference of 11 listings (2%) versus the prior month and 53 listings (13%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Racine (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 72 days 1,622 sqft
    2018-02-01 68 days 1,633 sqft
    2018-03-01 45 days 1,642 sqft
    2018-04-01 33 days 1,695 sqft
    2018-05-01 36 days 1,651 sqft
    2018-06-01 36 days 1,669 sqft
    2018-07-01 39 days 1,634 sqft
    2018-08-01 38 days 1,620 sqft
    2018-09-01 40 days 1,660 sqft
    2018-10-01 45 days 1,669 sqft
    2018-11-01 49 days 1,676 sqft
    2018-12-01 59 days 1,632 sqft
    2019-01-01 77 days 1,565 sqft
    2019-02-01 72 days 1,611 sqft
    2019-03-01 56 days 1,645 sqft
    2019-04-01 39 days 1,675 sqft
    2019-05-01 39 days 1,767 sqft
    2019-06-01 38 days 1,736 sqft
    2019-07-01 40 days 1,709 sqft
    2019-08-01 44 days 1,734 sqft
    2019-09-01 46 days 1,736 sqft
    2019-10-01 47 days 1,738 sqft
    2019-11-01 52 days 1,734 sqft
    2019-12-01 67 days 1,719 sqft
    2020-01-01 75 days 1,700 sqft
    2020-02-01 66 days 1,702 sqft
    2020-03-01 43 days 1,746 sqft
    2020-04-01 41 days 1,744 sqft
    2020-05-01 46 days 1,742 sqft
    2020-06-01 43 days 1,730 sqft
    2020-07-01 39 days 1,791 sqft
    2020-08-01 36 days 1,729 sqft
    2020-09-01 36 days 1,685 sqft
    2020-10-01 37 days 1,637 sqft
    2020-11-01 40 days 1,604 sqft
    2020-12-01 45 days 1,596 sqft
    2021-01-01 49 days 1,590 sqft
    2021-02-01 40 days 1,600 sqft
    2021-03-01 37 days 1,618 sqft
    2021-04-01 31 days 1,612 sqft
    2021-05-01 23 days 1,678 sqft
    2021-06-01 29 days 1,717 sqft
    2021-07-01 30 days 1,674 sqft
    2021-08-01 30 days 1,667 sqft
    2021-09-01 34 days 1,666 sqft
    2021-10-01 36 days 1,627 sqft
    2021-11-01 43 days 1,597 sqft
    2021-12-01 53 days 1,608 sqft
    2022-01-01 59 days 1,618 sqft
    2022-02-01 43 days 1,629 sqft
    2022-03-01 28 days 1,665 sqft
    2022-04-01 28 days 1,634 sqft
    2022-05-01 25 days 1,653 sqft
    2022-06-01 23 days 1,667 sqft
    2022-07-01 30 days 1,691 sqft
    2022-08-01 34 days 1,677 sqft
    2022-09-01 37 days 1,675 sqft
    2022-10-01 36 days 1,648 sqft
    2022-11-01 43 days 1,614 sqft
    2022-12-01 51 days 1,590 sqft
    2023-01-01 54 days 1,562 sqft
    2023-02-01 43 days 1,582 sqft
    2023-03-01 43 days 1,615 sqft
    2023-04-01 35 days 1,655 sqft
    2023-05-01 33 days 1,690 sqft
    2023-06-01 31 days 1,688 sqft
    2023-07-01 32 days 1,720 sqft
    2023-08-01 35 days 1,723 sqft
    2023-09-01 32 days 1,692 sqft
    2023-10-01 31 days 1,672 sqft
    2023-11-01 35 days 1,698 sqft
    2023-12-01 46 days 1,626 sqft
    2024-01-01 56 days 1,616 sqft
    2024-02-01 44 days 1,632 sqft
    2024-03-01 37 days 1,622 sqft
    2024-04-01 34 days 1,683 sqft
    2024-05-01 26 days 1,693 sqft
    2024-06-01 31 days 1,690 sqft
    2024-07-01 34 days 1,691 sqft
    2024-08-01 31 days 1,640 sqft
    2024-09-01 36 days 1,647 sqft
    2024-10-01 30 days 1,676 sqft
    Racine's median listing age (time on market) for 2024-10-01 was 30 days. This is -1% shorter than the same period one year ago.

    Racine's median square footage for active listings during the 2024-10-01 period was 1,676 sqft. One year prior, the average listing was 1,672 sqft.