Wausau USDA Loans
WAUSAU-WESTON, 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.
Wausau's 16 lenders originated 80 USDA loans during 2021. The total origination value was $11,100,000, with an average USDA loan value of $138,750.
Wausau USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Wausau
averaged
5.22%
for the week of 2022-05-13, compared to the national average (all USDA variants) of
5.294% for the same period.
The average rate for the prior week (2022-05-06) was
5.25% and
one month ago for the week of 2022-04-08, the
average rate was 4.81%.
The average rate one year ago was 2.93%.
For refis of the same type during the week of 2022-05-13, the average rate
was 4.94%.
Wausau USDA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Wausau level.
| Name | # of Loans | 2021 Avg. 30yFix Rate | 2021 Avg. Total Fees |
|---|---|---|---|
| Waterstone Mortgage Corporation | 30 | 2.95% | $6,139 |
| INLANTA MORTGAGE, INC. | 19 | 3.30% | $4,075 |
| IncredibleBank | 7 | 2.75% | $4,328 |
| DAS Acquisition Company, LLC | 5 | 3.10% | $6,144 |
| CoVantage Credit Union | 4 | 2.91% | $3,998 |
| PENNYMAC LOAN SERVICES, LLC | 3 | 3.04% | $4,395 |
| mBank | 3 | 3.00% | $2,953 |
| LOANDEPOT.COM, LLC | 1 | 3.25% | $4,448 |
| MUTUAL OF OMAHA MORTGAGE, INC. | 1 | 3.00% | $5,443 |
| Prosperity Home Mortgage, LLC | 1 | 3.25% | $3,478 |
| Servion, Inc. | 1 | 2.75% | $5,212 |
| Barrington Bank & Trust Company, N.A. | 1 | 3.25% | $3,637 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 3.63% | $5,972 |
| FIRST CENTENNIAL MORTGAGE CORPORATION | 1 | 2.88% | $4,915 |
| Flagstar Bank, FSB | 1 | 3.25% | $5,168 |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | 1 | 2.75% | $4,006 |
The top Wausau USDA lender as defined by loan originations is Waterstone Mortgage Corporation, with
30 USDA loans originated. Their average total fees are
$6,139, which is $2,065
higher than the next largest lender,
INLANTA MORTGAGE, INC..
The lowest fee Wausau USDA lenders (with over 10 loans originated) are
INLANTA MORTGAGE, INC. ($4,075), Waterstone Mortgage Corporation ($6,139), .
The lowest rate Wausau USDA lenders (with over 10 loans originated) are
Waterstone Mortgage Corporation (2.95%), INLANTA MORTGAGE, INC. (3.30%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Wausau (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 | $189,325 (26.3%) | $232,440 (20.0%) | 0.70 | 430 |
| 2018-02-01 | $195,450 (25.8%) | $238,035 (20.4%) | 0.71 | 417 |
| 2018-03-01 | $194,900 (21.3%) | $239,319 (18.7%) | 0.67 | 446 |
| 2018-04-01 | $194,950 (18.2%) | $242,851 (18.7%) | 0.65 | 473 |
| 2018-05-01 | $194,900 (15.6%) | $239,681 (13.9%) | 0.65 | 524 |
| 2018-06-01 | $196,500 (15.7%) | $238,874 (10.3%) | 0.66 | 590 |
| 2018-07-01 | $195,900 (11.9%) | $237,693 (6.9%) | 0.65 | 593 |
| 2018-08-01 | $189,900 (7.1%) | $230,783 (3.0%) | 0.63 | 617 |
| 2018-09-01 | $184,900 (5.7%) | $228,745 (4.6%) | 0.62 | 602 |
| 2018-10-01 | $187,200 (4.1%) | $228,982 (2.1%) | 0.63 | 563 |
| 2018-11-01 | $196,500 (9.2%) | $236,868 (5.2%) | 0.66 | 500 |
| 2018-12-01 | $208,000 (18.9%) | $244,591 (9.1%) | 0.71 | 425 |
| 2019-01-01 | $214,950 (13.5%) | $249,180 (7.2%) | 0.74 | 371 |
| 2019-02-01 | $215,000 (10.0%) | $246,429 (3.5%) | 0.72 | 379 |
| 2019-03-01 | $211,329 (8.4%) | $246,262 (2.9%) | 0.69 | 410 |
| 2019-04-01 | $199,900 (2.5%) | $241,870 (-0.4%) | 0.63 | 435 |
| 2019-05-01 | $199,900 (2.6%) | $241,276 (0.7%) | 0.62 | 470 |
| 2019-06-01 | $207,900 (5.8%) | $247,022 (3.4%) | 0.64 | 493 |
| 2019-07-01 | $204,450 (4.4%) | $247,133 (4.0%) | 0.64 | 514 |
| 2019-08-01 | $199,900 (5.3%) | $246,677 (6.9%) | 0.63 | 506 |
| 2019-09-01 | $199,900 (8.1%) | $247,921 (8.4%) | 0.63 | 507 |
| 2019-10-01 | $205,500 (9.8%) | $253,574 (10.7%) | 0.66 | 512 |
| 2019-11-01 | $209,900 (6.8%) | $254,561 (7.5%) | 0.68 | 465 |
| 2019-12-01 | $209,801 (0.9%) | $254,982 (4.3%) | 0.70 | 399 |
| 2020-01-01 | $196,700 (-8.5%) | $250,507 (0.5%) | 0.66 | 337 |
| 2020-02-01 | $199,900 (-7.0%) | $250,409 (1.6%) | 0.65 | 352 |
| 2020-03-01 | $214,900 (1.7%) | $256,404 (4.1%) | 0.67 | 406 |
| 2020-04-01 | $218,950 (9.5%) | $264,210 (9.2%) | 0.68 | 418 |
| 2020-05-01 | $269,900 (35.0%) | $305,678 (26.7%) | 0.82 | 242 |
| 2020-06-01 | $270,900 (30.3%) | $311,266 (26.0%) | 0.79 | 211 |
| 2020-07-01 | $257,400 (25.9%) | $298,345 (20.7%) | 0.74 | 204 |
| 2020-08-01 | $249,000 (24.6%) | $294,483 (19.4%) | 0.71 | 194 |
| 2020-09-01 | $239,900 (20.0%) | $285,895 (15.3%) | 0.69 | 220 |
| 2020-10-01 | $224,900 (9.4%) | $274,930 (8.4%) | 0.64 | 230 |
| 2020-11-01 | $214,900 (2.4%) | $268,777 (5.6%) | 0.62 | 200 |
| 2020-12-01 | $204,900 (-2.3%) | $263,593 (3.4%) | 0.60 | 176 |
| 2021-01-01 | $219,900 (11.8%) | $271,037 (8.2%) | 0.65 | 127 |
| 2021-02-01 | $200,900 (0.5%) | $273,697 (9.3%) | 0.58 | 100 |
| 2021-03-01 | $222,900 (3.7%) | $268,379 (4.7%) | 0.63 | 87 |
| 2021-04-01 | $222,300 (1.5%) | $273,986 (3.7%) | 0.60 | 82 |
| 2021-05-01 | $239,000 (-11.5%) | $304,103 (-0.5%) | 0.63 | 78 |
| 2021-06-01 | $237,950 (-12.2%) | $296,287 (-4.8%) | 0.62 | 118 |
| 2021-07-01 | $227,400 (-11.7%) | $288,129 (-3.4%) | 0.59 | 151 |
| 2021-08-01 | $214,900 (-13.7%) | $255,093 (-13.4%) | 0.56 | 367 |
| 2021-09-01 | $216,400 (-9.8%) | $257,622 (-9.9%) | 0.57 | 371 |
| 2021-10-01 | $227,500 (1.2%) | $272,380 (-0.9%) | 0.60 | 338 |
| 2021-11-01 | $254,900 (18.6%) | $309,809 (15.3%) | 0.67 | 128 |
| 2021-12-01 | $279,700 (36.5%) | $323,619 (22.8%) | 0.75 | 107 |
| 2022-01-01 | $319,400 (45.3%) | $328,095 (21.1%) | 0.85 | 91 |
| 2022-02-01 | $325,116 (61.8%) | $352,931 (29.0%) | 0.83 | 75 |
| 2022-03-01 | $332,900 (49.4%) | $361,047 (34.5%) | 0.82 | 74 |
| 2022-04-01 | $347,900 (56.5%) | $369,474 (34.9%) | 0.82 | 73 |
Wausau's median listing price comes in at 82% of the national average.
Wausau's average listing price for 2022-04-01 was $369,474, a difference of $95,488 (34.9%) versus the prior year and $8,427 versus the prior month.
For the 2022-04-01 period, Wausau had 73 MLS listings, a difference of -1 listings (-1%) versus the prior month and -9 listings (-11%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Wausau (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 84 days | 2,166 sqft |
| 2018-02-01 | 82 days | 2,161 sqft |
| 2018-03-01 | 58 days | 2,128 sqft |
| 2018-04-01 | 54 days | 2,116 sqft |
| 2018-05-01 | 51 days | 2,106 sqft |
| 2018-06-01 | 46 days | 2,103 sqft |
| 2018-07-01 | 49 days | 2,082 sqft |
| 2018-08-01 | 58 days | 2,033 sqft |
| 2018-09-01 | 61 days | 1,988 sqft |
| 2018-10-01 | 66 days | 1,971 sqft |
| 2018-11-01 | 73 days | 2,027 sqft |
| 2018-12-01 | 89 days | 2,139 sqft |
| 2019-01-01 | 92 days | 2,128 sqft |
| 2019-02-01 | 89 days | 2,128 sqft |
| 2019-03-01 | 58 days | 2,073 sqft |
| 2019-04-01 | 53 days | 2,000 sqft |
| 2019-05-01 | 45 days | 1,974 sqft |
| 2019-06-01 | 43 days | 1,962 sqft |
| 2019-07-01 | 49 days | 2,002 sqft |
| 2019-08-01 | 52 days | 1,960 sqft |
| 2019-09-01 | 45 days | 1,928 sqft |
| 2019-10-01 | 57 days | 1,972 sqft |
| 2019-11-01 | 65 days | 2,051 sqft |
| 2019-12-01 | 77 days | 1,993 sqft |
| 2020-01-01 | 85 days | 1,982 sqft |
| 2020-02-01 | 86 days | 2,058 sqft |
| 2020-03-01 | 51 days | 2,108 sqft |
| 2020-04-01 | 52 days | 2,119 sqft |
| 2020-05-01 | 65 days | 2,256 sqft |
| 2020-06-01 | 74 days | 2,330 sqft |
| 2020-07-01 | 61 days | 2,246 sqft |
| 2020-08-01 | 57 days | 2,128 sqft |
| 2020-09-01 | 47 days | 2,053 sqft |
| 2020-10-01 | 49 days | 1,972 sqft |
| 2020-11-01 | 65 days | 1,880 sqft |
| 2020-12-01 | 81 days | 1,895 sqft |
| 2021-01-01 | 100 days | 1,870 sqft |
| 2021-02-01 | 98 days | 1,905 sqft |
| 2021-03-01 | 61 days | 1,954 sqft |
| 2021-04-01 | 53 days | 1,932 sqft |
| 2021-05-01 | 38 days | 1,976 sqft |
| 2021-06-01 | 32 days | 2,002 sqft |
| 2021-07-01 | 35 days | 1,921 sqft |
| 2021-08-01 | 38 days | 1,906 sqft |
| 2021-09-01 | 42 days | 1,928 sqft |
| 2021-10-01 | 43 days | 1,927 sqft |
| 2021-11-01 | 55 days | 1,954 sqft |
| 2021-12-01 | 64 days | 2,042 sqft |
| 2022-01-01 | 86 days | 1,920 sqft |
| 2022-02-01 | 78 days | 1,982 sqft |
| 2022-03-01 | 58 days | 2,019 sqft |
| 2022-04-01 | 45 days | 2,050 sqft |
Wausau's median square footage for active listings during the 2022-04-01 period was 2,050 sqft. One year prior, the average listing was 1,932 sqft.
