Watertown USDA Loan Rates, Closing Costs & Stats

Watertown-Fort Atkinson, 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.

Watertown's 7 lenders originated 8 USDA loans during 2022. The total origination value was $1,750,000, with an average USDA loan value of $218,750.

Watertown USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Watertown averaged 6.56% for the week of 2024-03-01, compared to the national average (all USDA variants) of 6.729% for the same period.

Watertown's average USDA mortgage closing costs are $4,870.

The average rate for the prior week (2024-02-23) was 6.21% and one month ago for the week of 2024-01-26, the average rate was 6.17%.

The average rate one year ago was 6.23%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.33%.

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

Watertown 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 Watertown level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
HOME POINT FINANCIAL CORPORATION 2 4.13% $6,315
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.13% $2,957
FINANCE OF AMERICA MORTGAGE LLC 1 2.63% $4,663
CARDINAL FINANCIAL 1 5.25% $9,735
HOMESIDE FINANCIAL, LLC 1 3.38% $4,579
INLANTA MORTGAGE, INC. 1 3.25% $5,695
THOMPSON KANE & COMPANY, LLC 1 5.00% $5,184

The top Watertown USDA lender as defined by loan originations is HOME POINT FINANCIAL CORPORATION, with 2 USDA loans originated. Their average total fees are $6,315, which is $3,357 higher than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Watertown (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 $249,900 (4.6%) $294,932 (5.1%) 0.00 267
2018-02-01 $260,000 (8.4%) $311,271 (13.8%) 0.00 267
2018-03-01 $264,950 (8.4%) $322,410 (17.4%) 0.00 296
2018-04-01 $260,000 (6.2%) $322,261 (16.4%) 0.00 317
2018-05-01 $272,300 (12.4%) $338,488 (22.9%) 0.00 320
2018-06-01 $269,900 (10.2%) $338,751 (20.1%) 0.00 316
2018-07-01 $265,000 (9.1%) $322,941 (15.0%) 0.00 337
2018-08-01 $265,000 (8.2%) $321,684 (12.0%) 0.00 363
2018-09-01 $264,950 (6.0%) $314,887 (8.1%) 0.00 363
2018-10-01 $265,000 (6.0%) $322,270 (7.6%) 0.00 344
2018-11-01 $265,000 (6.0%) $316,604 (6.1%) 0.00 316
2018-12-01 $265,000 (6.0%) $314,542 (6.1%) 0.00 289
2019-01-01 $265,000 (6.0%) $313,385 (6.3%) 0.00 259
2019-02-01 $265,000 (1.9%) $316,327 (1.6%) 0.00 249
2019-03-01 $270,336 (2.0%) $325,084 (0.8%) 0.00 261
2019-04-01 $279,425 (7.5%) $344,816 (7.0%) 0.00 291
2019-05-01 $280,000 (2.8%) $344,990 (1.9%) 0.00 303
2019-06-01 $279,900 (3.7%) $345,268 (1.9%) 0.00 323
2019-07-01 $269,900 (1.9%) $329,229 (2.0%) 0.00 354
2019-08-01 $269,927 (1.9%) $331,249 (3.0%) 0.00 357
2019-09-01 $269,968 (1.9%) $330,617 (5.0%) 0.00 356
2019-10-01 $270,000 (1.9%) $331,016 (2.7%) 0.00 348
2019-11-01 $259,900 (-1.9%) $315,689 (-0.3%) 0.00 314
2019-12-01 $262,500 (-0.9%) $310,831 (-1.2%) 0.00 268
2020-01-01 $265,000 (0.0%) $317,417 (1.3%) 0.00 231
2020-02-01 $269,950 (1.9%) $320,781 (1.4%) 0.00 249
2020-03-01 $279,675 (3.5%) $319,828 (-1.6%) 0.00 267
2020-04-01 $280,000 (0.2%) $316,304 (-8.3%) 0.00 239
2020-05-01 $280,000 (0.0%) $313,973 (-9.0%) 0.00 237
2020-06-01 $280,000 (0.0%) $306,961 (-11.1%) 0.00 260
2020-07-01 $280,000 (3.7%) $327,187 (-0.6%) 0.00 262
2020-08-01 $279,000 (3.4%) $331,048 (-0.1%) 0.00 258
2020-09-01 $270,000 (0.0%) $337,667 (2.1%) 0.00 240
2020-10-01 $270,000 (0.0%) $339,175 (2.5%) 0.00 228
2020-11-01 $269,975 (3.9%) $336,388 (6.6%) 0.00 209
2020-12-01 $278,725 (6.2%) $338,994 (9.1%) 0.00 180
2021-01-01 $289,900 (9.4%) $350,807 (10.5%) 0.00 127
2021-02-01 $289,900 (7.4%) $349,327 (8.9%) 0.00 119
2021-03-01 $298,850 (6.9%) $348,832 (9.1%) 0.00 131
2021-04-01 $293,575 (4.9%) $334,509 (5.8%) 0.00 172
2021-05-01 $325,000 (16.1%) $349,587 (11.3%) 0.00 167
2021-06-01 $309,475 (10.5%) $340,361 (10.9%) 0.00 181
2021-07-01 $299,900 (7.1%) $337,149 (3.0%) 0.00 201
2021-08-01 $289,450 (3.8%) $333,535 (0.8%) 0.00 205
2021-09-01 $295,800 (9.6%) $338,682 (0.3%) 0.00 215
2021-10-01 $299,900 (11.1%) $355,189 (4.7%) 0.00 212
2021-11-01 $281,950 (4.4%) $334,277 (-0.6%) 0.00 180
2021-12-01 $278,725 (0.0%) $339,312 (0.1%) 0.00 148
2022-01-01 $299,450 (3.3%) $351,720 (0.3%) 0.00 119
2022-02-01 $335,000 (15.6%) $369,940 (5.9%) 0.00 115
2022-03-01 $335,000 (12.1%) $363,197 (4.1%) 0.00 111
2022-04-01 $332,450 (13.2%) $352,429 (5.4%) 0.00 132
2022-05-01 $335,000 (3.1%) $366,892 (5.0%) 0.00 163
2022-06-01 $339,900 (9.8%) $406,755 (19.5%) 0.00 184
2022-07-01 $336,600 (12.2%) $403,466 (19.7%) 0.00 191
2022-08-01 $339,300 (17.2%) $399,150 (19.7%) 0.00 205
2022-09-01 $340,000 (14.9%) $394,525 (16.5%) 0.00 179
2022-10-01 $345,950 (15.4%) $401,323 (13.0%) 0.00 160
2022-11-01 $336,375 (19.3%) $390,125 (16.7%) 0.00 140
2022-12-01 $335,000 (20.2%) $387,391 (14.2%) 0.00 105
2023-01-01 $337,450 (12.7%) $394,230 (12.1%) 0.00 107
2023-02-01 $342,100 (2.1%) $407,518 (10.2%) 0.00 92
2023-03-01 $352,475 (5.2%) $406,758 (12.0%) 0.00 99
2023-04-01 $367,000 (10.4%) $418,904 (18.9%) 0.00 102
2023-05-01 $365,000 (9.0%) $412,293 (12.4%) 0.00 109
2023-06-01 $362,450 (6.6%) $410,752 (1.0%) 0.00 128
2023-07-01 $360,000 (7.0%) $412,727 (2.3%) 0.00 132
2023-08-01 $354,950 (4.6%) $414,694 (3.9%) 0.00 140
2023-09-01 $360,000 (5.9%) $426,256 (8.0%) 0.00 148
2023-10-01 $349,900 (1.1%) $416,697 (3.8%) 0.00 148
2023-11-01 $349,950 (4.0%) $429,813 (10.2%) 0.00 145
2023-12-01 $357,450 (6.7%) $432,950 (11.8%) 0.00 122
2024-01-01 $362,475 (7.4%) $444,766 (12.8%) 0.00 99
Watertown's median listing price for 2024-01-01 was $362,475, a difference of $25,025 (7.4%) versus the prior year and $5,025 versus the prior month.

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

Watertown's average listing price for 2024-01-01 was $444,766, a difference of $50,536 (12.8%) versus the prior year and $11,816 versus the prior month.

For the 2024-01-01 period, Watertown had 99 MLS listings, a difference of -23 listings (-19%) versus the prior month and -8 listings (-7%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Watertown (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,720 sqft
2018-02-01 0 days 1,814 sqft
2018-03-01 0 days 1,849 sqft
2018-04-01 0 days 1,854 sqft
2018-05-01 0 days 1,940 sqft
2018-06-01 0 days 1,944 sqft
2018-07-01 0 days 1,875 sqft
2018-08-01 0 days 1,876 sqft
2018-09-01 0 days 1,832 sqft
2018-10-01 0 days 1,890 sqft
2018-11-01 0 days 1,882 sqft
2018-12-01 0 days 1,803 sqft
2019-01-01 0 days 1,802 sqft
2019-02-01 0 days 1,800 sqft
2019-03-01 0 days 1,874 sqft
2019-04-01 0 days 1,948 sqft
2019-05-01 0 days 1,909 sqft
2019-06-01 0 days 1,929 sqft
2019-07-01 0 days 1,905 sqft
2019-08-01 0 days 1,936 sqft
2019-09-01 0 days 1,961 sqft
2019-10-01 0 days 1,990 sqft
2019-11-01 0 days 1,824 sqft
2019-12-01 0 days 1,806 sqft
2020-01-01 0 days 1,837 sqft
2020-02-01 0 days 1,830 sqft
2020-03-01 0 days 1,807 sqft
2020-04-01 0 days 1,903 sqft
2020-05-01 0 days 1,861 sqft
2020-06-01 0 days 1,859 sqft
2020-07-01 0 days 1,856 sqft
2020-08-01 0 days 1,806 sqft
2020-09-01 0 days 1,893 sqft
2020-10-01 0 days 1,815 sqft
2020-11-01 0 days 1,791 sqft
2020-12-01 0 days 1,755 sqft
2021-01-01 0 days 1,792 sqft
2021-02-01 0 days 1,753 sqft
2021-03-01 0 days 1,800 sqft
2021-04-01 0 days 1,804 sqft
2021-05-01 0 days 1,878 sqft
2021-06-01 0 days 1,903 sqft
2021-07-01 0 days 1,885 sqft
2021-08-01 0 days 1,805 sqft
2021-09-01 0 days 1,864 sqft
2021-10-01 0 days 1,826 sqft
2021-11-01 0 days 1,742 sqft
2021-12-01 0 days 1,841 sqft
2022-01-01 0 days 1,897 sqft
2022-02-01 0 days 1,926 sqft
2022-03-01 0 days 1,785 sqft
2022-04-01 0 days 1,800 sqft
2022-05-01 0 days 1,930 sqft
2022-06-01 0 days 1,898 sqft
2022-07-01 0 days 1,900 sqft
2022-08-01 0 days 1,891 sqft
2022-09-01 0 days 1,896 sqft
2022-10-01 0 days 1,964 sqft
2022-11-01 0 days 1,918 sqft
2022-12-01 0 days 1,880 sqft
2023-01-01 0 days 1,835 sqft
2023-02-01 0 days 1,804 sqft
2023-03-01 0 days 1,795 sqft
2023-04-01 0 days 1,806 sqft
2023-05-01 0 days 1,852 sqft
2023-06-01 0 days 1,899 sqft
2023-07-01 0 days 1,900 sqft
2023-08-01 0 days 1,951 sqft
2023-09-01 0 days 1,926 sqft
2023-10-01 0 days 1,936 sqft
2023-11-01 0 days 1,930 sqft
2023-12-01 0 days 1,896 sqft
2024-01-01 0 days 1,849 sqft
Watertown's median listing age (time on market) for 2024-01-01 was 0 days.

Watertown's median square footage for active listings during the 2024-01-01 period was 1,849 sqft. One year prior, the average listing was 1,835 sqft.