Racine USDA Loan Rates, Closing Costs & Stats
RACINE, 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.
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
-0.13%
for the week of 2024-11-29, 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 (2024-11-22) was
6.77% and
one month ago for the week of 2024-10-25, the
average rate was 6.47%.
The average rate one year ago was 7.38%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.7%.
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. LouisDate | 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 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. LouisDate | 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 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.