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 3 lenders originated 3 USDA loans during 2023. The total origination value was $515,000, with an average USDA loan value of $171,667.
Watertown USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Watertown
averaged
6.48%
for the week of 2025-02-14, compared to the national average (all USDA variants) of
6.526% for the same period.
Watertown's average USDA mortgage closing costs are $4,910.
The average rate for the prior week (2025-02-07) was
6.33% and
one month ago for the week of 2025-01-10, the
average rate was 6.28%.
The average rate one year ago was 6.27%.
For refis of the same type during the week of 2025-02-14, the average rate
was 6.73%.
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 | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Home Federal Savings Bank | 1 | 6.75% | $5,036 |
| Nations Lending Corporation | 1 | 5.25% | $9,306 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.63% | $5,175 |
The top Watertown USDA lender as defined by loan originations is Home Federal Savings Bank, with
1 USDA loans originated. Their average total fees are
$5,036, which is $4,269
lower than the next largest lender,
Nations Lending 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 | $272,200 (12.4%) | $338,191 (22.8%) | 0.00 | 320 |
| 2018-06-01 | $269,900 (10.2%) | $338,170 (19.9%) | 0.00 | 317 |
| 2018-07-01 | $265,000 (9.1%) | $322,516 (14.9%) | 0.00 | 337 |
| 2018-08-01 | $265,000 (8.2%) | $321,322 (11.9%) | 0.00 | 363 |
| 2018-09-01 | $262,450 (5.0%) | $314,563 (8.0%) | 0.00 | 363 |
| 2018-10-01 | $265,000 (6.0%) | $321,821 (7.5%) | 0.00 | 345 |
| 2018-11-01 | $265,000 (6.0%) | $315,986 (5.9%) | 0.00 | 317 |
| 2018-12-01 | $265,000 (6.0%) | $313,860 (5.9%) | 0.00 | 290 |
| 2019-01-01 | $265,000 (6.0%) | $312,615 (6.0%) | 0.00 | 260 |
| 2019-02-01 | $265,000 (1.9%) | $316,544 (1.7%) | 0.00 | 248 |
| 2019-03-01 | $270,336 (2.0%) | $325,211 (0.9%) | 0.00 | 260 |
| 2019-04-01 | $278,725 (7.2%) | $344,634 (6.9%) | 0.00 | 291 |
| 2019-05-01 | $280,000 (2.9%) | $344,719 (1.9%) | 0.00 | 303 |
| 2019-06-01 | $279,900 (3.7%) | $345,268 (2.1%) | 0.00 | 323 |
| 2019-07-01 | $269,900 (1.9%) | $329,229 (2.1%) | 0.00 | 354 |
| 2019-08-01 | $269,927 (1.9%) | $331,249 (3.1%) | 0.00 | 357 |
| 2019-09-01 | $269,968 (2.9%) | $330,617 (5.1%) | 0.00 | 356 |
| 2019-10-01 | $270,000 (1.9%) | $331,016 (2.9%) | 0.00 | 348 |
| 2019-11-01 | $259,900 (-1.9%) | $315,689 (-0.1%) | 0.00 | 314 |
| 2019-12-01 | $262,500 (-0.9%) | $310,831 (-1.0%) | 0.00 | 268 |
| 2020-01-01 | $265,000 (0.0%) | $317,417 (1.5%) | 0.00 | 231 |
| 2020-02-01 | $269,950 (1.9%) | $320,781 (1.3%) | 0.00 | 249 |
| 2020-03-01 | $279,675 (3.5%) | $319,828 (-1.7%) | 0.00 | 267 |
| 2020-04-01 | $280,000 (0.5%) | $316,304 (-8.2%) | 0.00 | 240 |
| 2020-05-01 | $280,000 (0.0%) | $313,973 (-8.9%) | 0.00 | 238 |
| 2020-06-01 | $280,000 (0.0%) | $306,961 (-11.1%) | 0.00 | 261 |
| 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%) | $406,495 (19.4%) | 0.00 | 184 |
| 2022-07-01 | $336,600 (12.2%) | $402,975 (19.5%) | 0.00 | 189 |
| 2022-08-01 | $337,475 (16.6%) | $398,032 (19.3%) | 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%) | $411,911 (12.3%) | 0.00 | 110 |
| 2023-06-01 | $362,450 (6.6%) | $410,625 (1.0%) | 0.00 | 128 |
| 2023-07-01 | $360,000 (7.0%) | $412,727 (2.4%) | 0.00 | 132 |
| 2023-08-01 | $354,950 (5.2%) | $414,694 (4.2%) | 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 |
| 2024-02-01 | $352,450 (3.0%) | $424,122 (4.1%) | 0.00 | 94 |
| 2024-03-01 | $369,450 (4.8%) | $440,854 (8.4%) | 0.00 | 105 |
| 2024-04-01 | $373,450 (1.8%) | $446,602 (6.6%) | 0.00 | 111 |
| 2024-05-01 | $397,450 (8.9%) | $466,421 (13.2%) | 0.00 | 135 |
| 2024-06-01 | $399,900 (10.3%) | $462,215 (12.6%) | 0.00 | 144 |
| 2024-07-01 | $380,000 (5.6%) | $460,838 (11.7%) | 0.00 | 137 |
| 2024-08-01 | $389,450 (9.7%) | $462,686 (11.6%) | 0.00 | 132 |
| 2024-09-01 | $384,925 (6.9%) | $472,254 (10.8%) | 0.00 | 165 |
| 2024-10-01 | $379,900 (8.6%) | $481,599 (15.6%) | 0.00 | 177 |
| 2024-11-01 | $349,900 (0.0%) | $446,779 (4.0%) | 0.00 | 158 |
| 2024-12-01 | $352,425 (-1.4%) | $427,193 (-1.3%) | 0.00 | 135 |
| 2025-01-01 | $362,650 (0.1%) | $441,047 (-0.8%) | 0.00 | 114 |
Watertown's median listing price comes in at 0% of the national average.
Watertown's average listing price for 2025-01-01 was $441,047, a difference of $-3,719 (-0.8%) versus the prior year and $13,854 versus the prior month.
For the 2025-01-01 period, Watertown had 114 MLS listings, a difference of -21 listings (-16%) versus the prior month and 15 listings (15%) 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 | 1,808 sqft |
| 2018-03-01 | 0 days | 1,848 sqft |
| 2018-04-01 | 0 days | 1,853 sqft |
| 2018-05-01 | 0 days | 1,934 sqft |
| 2018-06-01 | 0 days | 1,938 sqft |
| 2018-07-01 | 0 days | 1,864 sqft |
| 2018-08-01 | 0 days | 1,872 sqft |
| 2018-09-01 | 0 days | 1,820 sqft |
| 2018-10-01 | 0 days | 1,871 sqft |
| 2018-11-01 | 0 days | 1,853 sqft |
| 2018-12-01 | 0 days | 1,802 sqft |
| 2019-01-01 | 0 days | 1,800 sqft |
| 2019-02-01 | 0 days | 1,800 sqft |
| 2019-03-01 | 0 days | 1,869 sqft |
| 2019-04-01 | 0 days | 1,930 sqft |
| 2019-05-01 | 0 days | 1,904 sqft |
| 2019-06-01 | 0 days | 1,945 sqft |
| 2019-07-01 | 0 days | 1,908 sqft |
| 2019-08-01 | 0 days | 1,928 sqft |
| 2019-09-01 | 0 days | 1,953 sqft |
| 2019-10-01 | 0 days | 1,982 sqft |
| 2019-11-01 | 0 days | 1,806 sqft |
| 2019-12-01 | 0 days | 1,807 sqft |
| 2020-01-01 | 0 days | 1,833 sqft |
| 2020-02-01 | 0 days | 1,835 sqft |
| 2020-03-01 | 0 days | 1,808 sqft |
| 2020-04-01 | 0 days | 1,883 sqft |
| 2020-05-01 | 0 days | 1,867 sqft |
| 2020-06-01 | 0 days | 1,859 sqft |
| 2020-07-01 | 0 days | 1,858 sqft |
| 2020-08-01 | 0 days | 1,806 sqft |
| 2020-09-01 | 0 days | 1,883 sqft |
| 2020-10-01 | 0 days | 1,820 sqft |
| 2020-11-01 | 0 days | 1,792 sqft |
| 2020-12-01 | 0 days | 1,755 sqft |
| 2021-01-01 | 0 days | 1,783 sqft |
| 2021-02-01 | 0 days | 1,754 sqft |
| 2021-03-01 | 0 days | 1,802 sqft |
| 2021-04-01 | 0 days | 1,804 sqft |
| 2021-05-01 | 0 days | 1,874 sqft |
| 2021-06-01 | 0 days | 1,896 sqft |
| 2021-07-01 | 0 days | 1,850 sqft |
| 2021-08-01 | 0 days | 1,805 sqft |
| 2021-09-01 | 0 days | 1,863 sqft |
| 2021-10-01 | 0 days | 1,828 sqft |
| 2021-11-01 | 0 days | 1,757 sqft |
| 2021-12-01 | 0 days | 1,836 sqft |
| 2022-01-01 | 0 days | 1,902 sqft |
| 2022-02-01 | 0 days | 1,925 sqft |
| 2022-03-01 | 0 days | 1,782 sqft |
| 2022-04-01 | 0 days | 1,800 sqft |
| 2022-05-01 | 0 days | 1,909 sqft |
| 2022-06-01 | 0 days | 1,898 sqft |
| 2022-07-01 | 0 days | 1,892 sqft |
| 2022-08-01 | 0 days | 1,886 sqft |
| 2022-09-01 | 0 days | 1,895 sqft |
| 2022-10-01 | 0 days | 1,972 sqft |
| 2022-11-01 | 0 days | 1,913 sqft |
| 2022-12-01 | 0 days | 1,880 sqft |
| 2023-01-01 | 0 days | 1,835 sqft |
| 2023-02-01 | 0 days | 1,806 sqft |
| 2023-03-01 | 0 days | 1,795 sqft |
| 2023-04-01 | 0 days | 1,806 sqft |
| 2023-05-01 | 0 days | 1,854 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 |
| 2024-02-01 | 0 days | 1,843 sqft |
| 2024-03-01 | 0 days | 1,874 sqft |
| 2024-04-01 | 0 days | 1,792 sqft |
| 2024-05-01 | 0 days | 1,896 sqft |
| 2024-06-01 | 0 days | 1,930 sqft |
| 2024-07-01 | 0 days | 1,922 sqft |
| 2024-08-01 | 0 days | 1,943 sqft |
| 2024-09-01 | 0 days | 1,946 sqft |
| 2024-10-01 | 0 days | 1,975 sqft |
| 2024-11-01 | 0 days | 1,900 sqft |
| 2024-12-01 | 0 days | 1,775 sqft |
| 2025-01-01 | 0 days | 1,786 sqft |
Watertown's median square footage for active listings during the 2025-01-01 period was 1,786 sqft. One year prior, the average listing was 1,849 sqft.