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%.

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

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 for 2022-04-01 was $347,900, a difference of $125,600 (56.5%) versus the prior year and $15,000 versus the prior month.

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 listing age (time on market) for 2022-04-01 was 45 days. This is -14% shorter than the same period one year ago.

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.