Stevens Point USDA Loan Rates, Closing Costs & Stats

Stevens Point, 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.

Stevens Point's 5 lenders originated 5 USDA loans during 2022. The total origination value was $1,075,000, with an average USDA loan value of $215,000.

Stevens Point USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Stevens Point averaged -0.33% for the week of 2024-02-23, compared to the national average (all USDA variants) of 0% for the same period.

Stevens Point's average USDA mortgage closing costs are $4,609.

The average rate for the prior week (2024-02-16) was 6.25% and one month ago for the week of 2024-01-19, the average rate was 6.13%.

The average rate one year ago was 5.94%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.19%.

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

Stevens Point 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 Stevens Point level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.49% $4,419
FIRST CENTENNIAL MORTGAGE CORPORATION 1 4.00% $4,681
INLANTA MORTGAGE, INC. 1 3.00% $5,653
Ixonia Bank 1 5.63% $6,645
Nations Lending Corporation 1 5.75% $8,873

The top Stevens Point USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 1 USDA loans originated. Their average total fees are $4,419, which is $263 lower than the next largest lender, FIRST CENTENNIAL MORTGAGE CORPORATION.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Stevens Point (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 $199,900 (17.7%) $246,971 (13.4%) 0.00 179
2018-02-01 $208,675 (22.8%) $246,302 (13.1%) 0.00 171
2018-03-01 $228,900 (20.5%) $249,616 (8.5%) 0.00 171
2018-04-01 $234,900 (20.7%) $263,791 (13.8%) 0.00 181
2018-05-01 $227,400 (11.0%) $253,782 (6.3%) 0.00 220
2018-06-01 $218,900 (9.5%) $246,809 (2.5%) 0.00 273
2018-07-01 $219,900 (4.8%) $247,527 (1.2%) 0.00 265
2018-08-01 $219,900 (8.7%) $247,030 (2.2%) 0.00 248
2018-09-01 $215,000 (8.0%) $249,223 (5.1%) 0.00 234
2018-10-01 $203,700 (2.1%) $245,465 (2.7%) 0.00 232
2018-11-01 $199,900 (0.2%) $249,000 (3.1%) 0.00 198
2018-12-01 $191,250 (-4.3%) $238,719 (-3.1%) 0.00 169
2019-01-01 $187,450 (-6.2%) $245,736 (-0.5%) 0.00 140
2019-02-01 $199,900 (-4.2%) $253,495 (2.9%) 0.00 136
2019-03-01 $210,614 (-8.0%) $258,264 (3.5%) 0.00 147
2019-04-01 $228,650 (-2.7%) $264,258 (0.2%) 0.00 162
2019-05-01 $239,900 (5.5%) $259,865 (2.4%) 0.00 202
2019-06-01 $229,900 (5.0%) $246,278 (-0.2%) 0.00 262
2019-07-01 $228,650 (4.0%) $245,252 (-0.9%) 0.00 263
2019-08-01 $225,823 (2.7%) $247,553 (0.2%) 0.00 245
2019-09-01 $219,707 (2.2%) $250,412 (0.5%) 0.00 245
2019-10-01 $215,630 (5.9%) $252,335 (2.8%) 0.00 237
2019-11-01 $212,450 (6.3%) $256,340 (3.0%) 0.00 211
2019-12-01 $217,400 (13.7%) $257,691 (8.0%) 0.00 178
2020-01-01 $223,700 (19.3%) $259,654 (5.7%) 0.00 156
2020-02-01 $228,900 (14.5%) $261,193 (3.0%) 0.00 166
2020-03-01 $237,675 (12.9%) $265,701 (2.9%) 0.00 172
2020-04-01 $239,900 (4.9%) $264,258 (0.0%) 0.00 176
2020-05-01 $279,900 (16.7%) $295,224 (13.6%) 0.00 91
2020-06-01 $263,700 (14.7%) $297,346 (20.7%) 0.00 92
2020-07-01 $273,400 (19.6%) $297,864 (21.5%) 0.00 84
2020-08-01 $270,000 (19.6%) $307,770 (24.3%) 0.00 81
2020-09-01 $270,735 (23.2%) $308,633 (23.3%) 0.00 83
2020-10-01 $250,000 (15.9%) $280,461 (11.2%) 0.00 82
2020-11-01 $238,925 (12.5%) $281,904 (10.0%) 0.00 78
2020-12-01 $217,900 (0.2%) $290,222 (12.6%) 0.00 60
2021-01-01 $250,000 (11.8%) $299,077 (15.2%) 0.00 45
2021-02-01 $259,950 (13.6%) $306,702 (17.4%) 0.00 47
2021-03-01 $259,175 (9.1%) $311,800 (17.4%) 0.00 41
2021-04-01 $289,900 (20.8%) $325,507 (23.2%) 0.00 39
2021-05-01 $299,900 (7.2%) $348,964 (18.2%) 0.00 39
2021-06-01 $279,925 (6.2%) $323,535 (8.8%) 0.00 58
2021-07-01 $277,400 (1.5%) $315,742 (6.0%) 0.00 70
2021-08-01 $259,450 (-3.9%) $311,038 (1.1%) 0.00 80
2021-09-01 $290,675 (7.4%) $318,390 (3.2%) 0.00 77
2021-10-01 $289,900 (16.0%) $327,802 (16.9%) 0.00 75
2021-11-01 $297,400 (24.5%) $318,111 (12.8%) 0.00 70
2021-12-01 $297,400 (36.5%) $319,537 (10.1%) 0.00 61
2022-01-01 $325,000 (30.0%) $417,675 (39.7%) 0.00 49
2022-02-01 $338,258 (30.1%) $429,687 (40.1%) 0.00 38
2022-03-01 $338,495 (30.6%) $424,224 (36.1%) 0.00 34
2022-04-01 $322,780 (11.3%) $420,174 (29.1%) 0.00 30
2022-05-01 $322,800 (7.6%) $337,410 (-3.3%) 0.00 43
2022-06-01 $304,900 (8.9%) $328,960 (1.7%) 0.00 49
2022-07-01 $369,900 (33.4%) $423,896 (34.3%) 0.00 48
2022-08-01 $359,750 (38.7%) $433,156 (39.3%) 0.00 49
2022-09-01 $374,014 (28.7%) $429,277 (34.8%) 0.00 55
2022-10-01 $349,900 (20.7%) $431,916 (31.8%) 0.00 47
2022-11-01 $390,585 (31.3%) $475,056 (49.3%) 0.00 48
2022-12-01 $385,000 (29.5%) $399,152 (24.9%) 0.00 47
2023-01-01 $372,114 (14.5%) $376,274 (-9.9%) 0.00 35
2023-02-01 $364,685 (7.8%) $373,142 (-13.2%) 0.00 38
2023-03-01 $372,360 (10.0%) $398,421 (-6.1%) 0.00 40
2023-04-01 $353,685 (9.6%) $451,105 (7.4%) 0.00 37
2023-05-01 $336,200 (4.2%) $432,723 (28.3%) 0.00 39
2023-06-01 $300,800 (-1.3%) $387,987 (17.9%) 0.00 57
2023-07-01 $329,900 (-10.8%) $396,061 (-6.6%) 0.00 61
2023-08-01 $351,818 (-2.2%) $375,168 (-13.4%) 0.00 63
2023-09-01 $350,000 (-6.4%) $389,742 (-9.2%) 0.00 74
2023-10-01 $342,900 (-2.0%) $389,467 (-9.8%) 0.00 76
2023-11-01 $329,925 (-15.5%) $374,391 (-21.2%) 0.00 80
2023-12-01 $325,000 (-15.6%) $368,876 (-7.6%) 0.00 67
Stevens Point's median listing price for 2023-12-01 was $325,000, a difference of $-60,000 (-15.6%) versus the prior year and $-4,925 versus the prior month.

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

Stevens Point's average listing price for 2023-12-01 was $368,876, a difference of $-30,276 (-7.6%) versus the prior year and $-5,515 versus the prior month.

For the 2023-12-01 period, Stevens Point had 67 MLS listings, a difference of -13 listings (-16%) versus the prior month and 20 listings (43%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Stevens Point (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,005 sqft
2018-02-01 0 days 2,034 sqft
2018-03-01 0 days 2,135 sqft
2018-04-01 0 days 2,165 sqft
2018-05-01 0 days 2,128 sqft
2018-06-01 0 days 2,038 sqft
2018-07-01 0 days 2,047 sqft
2018-08-01 0 days 2,050 sqft
2018-09-01 0 days 2,064 sqft
2018-10-01 0 days 2,060 sqft
2018-11-01 0 days 2,094 sqft
2018-12-01 0 days 1,983 sqft
2019-01-01 0 days 1,971 sqft
2019-02-01 0 days 1,979 sqft
2019-03-01 0 days 2,010 sqft
2019-04-01 0 days 2,069 sqft
2019-05-01 0 days 2,082 sqft
2019-06-01 0 days 2,026 sqft
2019-07-01 0 days 2,060 sqft
2019-08-01 0 days 2,081 sqft
2019-09-01 0 days 2,112 sqft
2019-10-01 0 days 2,137 sqft
2019-11-01 0 days 2,172 sqft
2019-12-01 0 days 2,174 sqft
2020-01-01 0 days 2,160 sqft
2020-02-01 0 days 2,177 sqft
2020-03-01 0 days 2,223 sqft
2020-04-01 0 days 2,105 sqft
2020-05-01 0 days 2,400 sqft
2020-06-01 0 days 2,269 sqft
2020-07-01 0 days 2,333 sqft
2020-08-01 0 days 2,252 sqft
2020-09-01 0 days 2,227 sqft
2020-10-01 0 days 2,020 sqft
2020-11-01 0 days 1,971 sqft
2020-12-01 0 days 1,934 sqft
2021-01-01 0 days 1,853 sqft
2021-02-01 0 days 1,964 sqft
2021-03-01 0 days 1,983 sqft
2021-04-01 0 days 2,035 sqft
2021-05-01 0 days 2,005 sqft
2021-06-01 0 days 1,959 sqft
2021-07-01 0 days 2,018 sqft
2021-08-01 0 days 2,035 sqft
2021-09-01 0 days 2,090 sqft
2021-10-01 0 days 2,038 sqft
2021-11-01 0 days 2,021 sqft
2021-12-01 0 days 2,011 sqft
2022-01-01 0 days 2,090 sqft
2022-02-01 0 days 2,062 sqft
2022-03-01 0 days 1,995 sqft
2022-04-01 0 days 1,942 sqft
2022-05-01 0 days 1,941 sqft
2022-06-01 0 days 1,956 sqft
2022-07-01 0 days 2,110 sqft
2022-08-01 0 days 2,161 sqft
2022-09-01 0 days 2,193 sqft
2022-10-01 0 days 2,096 sqft
2022-11-01 0 days 2,416 sqft
2022-12-01 0 days 2,352 sqft
2023-01-01 0 days 1,995 sqft
2023-02-01 0 days 1,926 sqft
2023-03-01 0 days 1,915 sqft
2023-04-01 0 days 1,840 sqft
2023-05-01 0 days 1,731 sqft
2023-06-01 0 days 1,778 sqft
2023-07-01 0 days 1,850 sqft
2023-08-01 0 days 2,061 sqft
2023-09-01 0 days 2,154 sqft
2023-10-01 0 days 2,094 sqft
2023-11-01 0 days 2,090 sqft
2023-12-01 0 days 2,014 sqft
Stevens Point's median listing age (time on market) for 2023-12-01 was 0 days.

Stevens Point's median square footage for active listings during the 2023-12-01 period was 2,014 sqft. One year prior, the average listing was 2,352 sqft.