Wausau USDA Loan Rates, Closing Costs & Stats

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 6 lenders originated 14 USDA loans during 2023. The total origination value was $2,230,000, with an average USDA loan value of $159,286.

Wausau USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Wausau averaged 6.72% for the week of 2024-04-12, compared to the national average (all USDA variants) of 6.705% for the same period.

Wausau's average USDA mortgage closing costs are $4,684.

The average rate for the prior week (2024-04-05) was 6.65% and one month ago for the week of 2024-03-08, the average rate was 6.71%.

The average rate one year ago was 6.31%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.34%.

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/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Wausau level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
GUILD MORTGAGE COMPANY 5 6.23% $7,008
Nations Lending Corporation 4 7.19% $3,980
Ixonia Bank 2 7.19% $9,031
MOVEMENT MORTGAGE, LLC 1 6.75% $5,874
Paramount Residential Mortgage Group, Inc. 1 7.13% $5,307
T2 FINANCIAL LLC 1 7.25% $5,965

The top Wausau USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 5 USDA loans originated. Their average total fees are $7,008, which is $3,029 higher than the next largest lender, Nations Lending Corporation.

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

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


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 $172,450 (16.2%) $218,784 (0.0%) 0.64 659
2018-02-01 $182,400 (21.6%) $225,330 (0.0%) 0.66 645
2018-03-01 $188,138 (18.4%) $228,794 (0.0%) 0.66 686
2018-04-01 $189,900 (18.7%) $235,014 (0.0%) 0.64 719
2018-05-01 $189,900 (13.4%) $232,336 (0.0%) 0.63 784
2018-06-01 $189,900 (12.5%) $231,021 (0.0%) 0.63 873
2018-07-01 $189,900 (12.9%) $229,649 (0.0%) 0.63 877
2018-08-01 $179,950 (7.0%) $223,594 (0.0%) 0.60 906
2018-09-01 $179,900 (5.9%) $218,647 (0.0%) 0.60 877
2018-10-01 $179,900 (3.5%) $223,520 (0.0%) 0.61 818
2018-11-01 $184,925 (8.8%) $226,308 (0.0%) 0.63 766
2018-12-01 $189,900 (15.2%) $229,683 (0.0%) 0.66 656
2019-01-01 $189,900 (10.1%) $233,275 (0.0%) 0.66 583
2019-02-01 $189,900 (4.1%) $229,658 (0.0%) 0.64 584
2019-03-01 $194,043 (3.1%) $231,297 (0.0%) 0.63 614
2019-04-01 $192,175 (1.2%) $231,981 (0.0%) 0.61 644
2019-05-01 $190,000 (0.1%) $234,941 (0.0%) 0.59 671
2019-06-01 $196,900 (3.7%) $239,493 (0.0%) 0.62 717
2019-07-01 $198,250 (4.4%) $238,352 (0.0%) 0.62 777
2019-08-01 $195,082 (8.4%) $239,009 (0.0%) 0.62 777
2019-09-01 $195,880 (8.9%) $241,139 (0.0%) 0.63 776
2019-10-01 $197,750 (9.9%) $242,559 (0.0%) 0.64 768
2019-11-01 $199,000 (7.6%) $238,871 (0.0%) 0.65 688
2019-12-01 $192,450 (1.3%) $235,500 (0.0%) 0.64 589
2020-01-01 $184,900 (-2.6%) $229,842 (0.0%) 0.62 512
2020-02-01 $185,000 (-2.6%) $228,378 (0.0%) 0.61 532
2020-03-01 $195,350 (0.7%) $233,520 (0.0%) 0.61 597
2020-04-01 $199,900 (4.0%) $241,099 (0.0%) 0.63 602
2020-05-01 $239,900 (26.3%) $271,739 (0.0%) 0.73 369
2020-06-01 $239,900 (21.8%) $272,803 (0.0%) 0.71 335
2020-07-01 $235,750 (18.9%) $274,195 (0.0%) 0.68 307
2020-08-01 $228,900 (17.3%) $271,166 (0.0%) 0.66 286
2020-09-01 $224,925 (14.8%) $265,988 (0.0%) 0.64 314
2020-10-01 $214,900 (8.7%) $256,694 (0.0%) 0.62 321
2020-11-01 $204,900 (3.0%) $247,084 (0.0%) 0.60 285
2020-12-01 $202,400 (5.2%) $246,005 (0.0%) 0.60 247
2021-01-01 $209,450 (13.3%) $246,429 (0.0%) 0.63 192
2021-02-01 $199,672 (7.9%) $248,405 (0.0%) 0.58 150
2021-03-01 $213,900 (9.5%) $252,280 (0.0%) 0.61 129
2021-04-01 $219,900 (10.0%) $267,862 (0.0%) 0.60 118
2021-05-01 $239,900 (0.0%) $293,904 (0.0%) 0.64 119
2021-06-01 $237,225 (-1.1%) $290,515 (0.0%) 0.62 167
2021-07-01 $229,900 (-2.5%) $285,002 (0.0%) 0.61 207
2021-08-01 $232,400 (1.5%) $280,422 (0.0%) 0.62 222
2021-09-01 $233,700 (3.9%) $283,053 (0.0%) 0.62 206
2021-10-01 $249,900 (16.3%) $283,066 (0.0%) 0.67 219
2021-11-01 $233,650 (14.0%) $293,527 (0.0%) 0.62 181
2021-12-01 $259,575 (28.3%) $306,754 (0.0%) 0.70 149
2022-01-01 $271,900 (29.8%) $318,832 (0.0%) 0.74 126
2022-02-01 $303,675 (52.1%) $345,274 (0.0%) 0.79 107
2022-03-01 $318,300 (48.8%) $359,642 (0.0%) 0.80 106
2022-04-01 $349,900 (59.1%) $385,893 (0.0%) 0.83 111
2022-05-01 $323,300 (34.8%) $366,421 (0.0%) 0.74 153
2022-06-01 $294,950 (24.3%) $335,877 (0.0%) 0.66 178
2022-07-01 $294,700 (28.2%) $343,560 (0.0%) 0.66 199
2022-08-01 $289,206 (24.4%) $337,477 (0.0%) 0.67 209
2022-09-01 $299,725 (28.3%) $341,557 (0.0%) 0.70 182
2022-10-01 $279,900 (12.0%) $322,921 (0.0%) 0.66 186
2022-11-01 $277,450 (18.8%) $328,307 (0.0%) 0.67 163
2022-12-01 $279,305 (7.6%) $329,502 (0.0%) 0.69 132
2023-01-01 $280,653 (3.2%) $332,452 (0.0%) 0.70 108
2023-02-01 $271,903 (-10.5%) $336,895 (0.0%) 0.66 99
2023-03-01 $256,425 (-19.4%) $329,944 (0.0%) 0.60 95
2023-04-01 $272,950 (-22.0%) $352,541 (0.0%) 0.63 87
2023-05-01 $281,150 (-13.0%) $348,855 (0.0%) 0.64 113
2023-06-01 $302,400 (2.5%) $352,905 (0.0%) 0.68 151
2023-07-01 $309,900 (5.2%) $361,568 (0.0%) 0.70 182
2023-08-01 $299,675 (3.6%) $378,722 (0.0%) 0.69 193
2023-09-01 $294,950 (-1.6%) $372,480 (0.0%) 0.69 205
2023-10-01 $294,925 (5.4%) $362,268 (0.0%) 0.69 208
2023-11-01 $301,950 (8.8%) $354,945 (0.0%) 0.72 209
2023-12-01 $312,400 (11.9%) $367,816 (0.0%) 0.76 174
2024-01-01 $342,380 (22.0%) $377,302 (0.0%) 0.84 140
2024-02-01 $348,645 (28.2%) $398,690 (0.0%) 0.84 123
2024-03-01 $349,860 (36.4%) $384,191 (0.0%) 0.82 127
Wausau's median listing price for 2024-03-01 was $349,860, a difference of $93,435 (36.4%) versus the prior year and $1,215 versus the prior month.

Wausau's median listing price comes in at 82% of the national average.

Wausau's average listing price for 2024-03-01 was $384,191, a difference of $54,247 (0.0%) versus the prior year and $-14,499 versus the prior month.

For the 2024-03-01 period, Wausau had 127 MLS listings, a difference of 4 listings (3%) versus the prior month and 32 listings (34%) 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 99 days 1,904 sqft
2018-02-01 97 days 1,883 sqft
2018-03-01 68 days 1,876 sqft
2018-04-01 60 days 1,913 sqft
2018-05-01 54 days 1,932 sqft
2018-06-01 47 days 1,961 sqft
2018-07-01 52 days 1,952 sqft
2018-08-01 60 days 1,930 sqft
2018-09-01 64 days 1,879 sqft
2018-10-01 72 days 1,858 sqft
2018-11-01 81 days 1,860 sqft
2018-12-01 99 days 1,884 sqft
2019-01-01 100 days 1,841 sqft
2019-02-01 96 days 1,811 sqft
2019-03-01 75 days 1,855 sqft
2019-04-01 59 days 1,900 sqft
2019-05-01 49 days 1,906 sqft
2019-06-01 45 days 1,906 sqft
2019-07-01 48 days 1,913 sqft
2019-08-01 54 days 1,911 sqft
2019-09-01 59 days 1,920 sqft
2019-10-01 61 days 1,920 sqft
2019-11-01 73 days 1,928 sqft
2019-12-01 87 days 1,883 sqft
2020-01-01 94 days 1,879 sqft
2020-02-01 95 days 1,894 sqft
2020-03-01 66 days 1,938 sqft
2020-04-01 66 days 1,950 sqft
2020-05-01 77 days 1,978 sqft
2020-06-01 76 days 2,000 sqft
2020-07-01 64 days 2,000 sqft
2020-08-01 65 days 1,974 sqft
2020-09-01 59 days 1,940 sqft
2020-10-01 52 days 1,806 sqft
2020-11-01 69 days 1,763 sqft
2020-12-01 81 days 1,749 sqft
2021-01-01 94 days 1,712 sqft
2021-02-01 91 days 1,734 sqft
2021-03-01 51 days 1,808 sqft
2021-04-01 49 days 1,835 sqft
2021-05-01 38 days 1,934 sqft
2021-06-01 31 days 1,954 sqft
2021-07-01 38 days 1,903 sqft
2021-08-01 42 days 1,918 sqft
2021-09-01 47 days 1,919 sqft
2021-10-01 49 days 1,906 sqft
2021-11-01 56 days 1,818 sqft
2021-12-01 68 days 1,917 sqft
2022-01-01 86 days 1,881 sqft
2022-02-01 64 days 1,987 sqft
2022-03-01 45 days 2,009 sqft
2022-04-01 35 days 2,100 sqft
2022-05-01 25 days 2,045 sqft
2022-06-01 34 days 1,972 sqft
2022-07-01 40 days 1,968 sqft
2022-08-01 39 days 1,974 sqft
2022-09-01 45 days 1,983 sqft
2022-10-01 46 days 1,864 sqft
2022-11-01 51 days 1,868 sqft
2022-12-01 73 days 1,877 sqft
2023-01-01 88 days 2,007 sqft
2023-02-01 88 days 1,868 sqft
2023-03-01 57 days 1,990 sqft
2023-04-01 47 days 2,030 sqft
2023-05-01 33 days 1,835 sqft
2023-06-01 29 days 1,870 sqft
2023-07-01 35 days 1,850 sqft
2023-08-01 38 days 1,899 sqft
2023-09-01 38 days 1,864 sqft
2023-10-01 50 days 1,820 sqft
2023-11-01 51 days 1,794 sqft
2023-12-01 56 days 1,800 sqft
2024-01-01 73 days 1,871 sqft
2024-02-01 62 days 1,849 sqft
2024-03-01 49 days 1,846 sqft
Wausau's median listing age (time on market) for 2024-03-01 was 49 days. This is -14% shorter than the same period one year ago.

Wausau's median square footage for active listings during the 2024-03-01 period was 1,846 sqft. One year prior, the average listing was 1,990 sqft.