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 12 lenders originated 29 USDA loans during 2022. The total origination value was $4,195,000, with an average USDA loan value of $144,655.

Wausau USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Wausau averaged 6.25% for the week of 2023-05-26, compared to the national average (all USDA variants) of 6.63% for the same period.

Wausau's average USDA mortgage closing costs are $4,622.

The average rate for the prior week (2023-05-19) was 6.39% and one month ago for the week of 2023-04-21, the average rate was 6.2%.

The average rate one year ago was 5.22%.

For refis of the same type during the week of 2023-05-26, the average rate was 5.28%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
INLANTA MORTGAGE, INC. 8 4.91% $5,085
Waterstone Mortgage Corporation 8 4.91% $6,426
Nations Lending Corporation 4 6.00% $5,706
FINANCE OF AMERICA MORTGAGE LLC 1 3.50% $3,291
IncredibleBank 1 5.63% $4,764
AbbyBank 1 5.75% $4,621
Prosperity Home Mortgage, LLC 1 5.49% $5,098
T2 FINANCIAL LLC 1 5.25% $8,194
UNITED WHOLESALE MORTGAGE, LLC 1 5.46% $5,727
Ixonia Bank 1 5.63% $4,391
CoVantage Credit Union 1 5.50% $5,394
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $6,124

The top Wausau USDA lender as defined by loan originations is INLANTA MORTGAGE, INC., with 8 USDA loans originated. Their average total fees are $5,085, which is $1,340 lower than the next largest lender, Waterstone Mortgage 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 (15.9%) $218,784 (15.1%) 0.64 659
2018-02-01 $182,400 (21.6%) $225,330 (17.5%) 0.66 645
2018-03-01 $188,138 (18.3%) $228,794 (18.0%) 0.66 686
2018-04-01 $189,900 (18.2%) $235,014 (18.3%) 0.64 719
2018-05-01 $189,900 (12.9%) $232,336 (14.2%) 0.63 784
2018-06-01 $189,900 (12.2%) $231,021 (10.4%) 0.63 873
2018-07-01 $189,900 (12.8%) $229,660 (8.6%) 0.63 878
2018-08-01 $180,675 (7.4%) $223,606 (5.2%) 0.61 907
2018-09-01 $179,900 (5.9%) $218,647 (4.6%) 0.60 877
2018-10-01 $179,900 (2.9%) $223,520 (5.4%) 0.61 818
2018-11-01 $184,925 (8.8%) $226,308 (6.7%) 0.63 766
2018-12-01 $189,900 (15.2%) $229,584 (8.8%) 0.66 657
2019-01-01 $189,900 (10.1%) $233,158 (6.6%) 0.66 584
2019-02-01 $189,900 (4.1%) $229,547 (1.9%) 0.64 585
2019-03-01 $194,900 (3.6%) $232,109 (1.5%) 0.65 603
2019-04-01 $191,450 (0.8%) $232,017 (-1.3%) 0.61 643
2019-05-01 $189,975 (0.0%) $234,732 (1.0%) 0.59 672
2019-06-01 $195,900 (3.2%) $239,392 (3.6%) 0.61 718
2019-07-01 $197,625 (4.1%) $238,260 (3.7%) 0.62 778
2019-08-01 $198,500 (9.9%) $241,469 (8.0%) 0.62 769
2019-09-01 $195,850 (8.9%) $243,963 (11.6%) 0.62 736
2019-10-01 $196,950 (9.5%) $242,552 (8.5%) 0.64 768
2019-11-01 $199,000 (7.6%) $238,599 (5.4%) 0.65 690
2019-12-01 $192,425 (1.3%) $235,349 (2.5%) 0.64 589
2020-01-01 $184,900 (-2.6%) $229,842 (-1.4%) 0.62 512
2020-02-01 $185,000 (-2.6%) $228,352 (-0.5%) 0.61 532
2020-03-01 $195,000 (0.1%) $233,455 (0.6%) 0.61 598
2020-04-01 $199,900 (4.4%) $241,037 (3.9%) 0.63 603
2020-05-01 $239,900 (26.3%) $271,545 (15.7%) 0.73 370
2020-06-01 $239,900 (22.5%) $272,586 (13.9%) 0.71 336
2020-07-01 $233,500 (18.2%) $273,972 (15.0%) 0.68 308
2020-08-01 $226,950 (14.3%) $270,919 (12.2%) 0.65 287
2020-09-01 $223,650 (14.2%) $265,835 (9.0%) 0.64 315
2020-10-01 $214,900 (9.1%) $255,893 (5.5%) 0.62 321
2020-11-01 $204,900 (3.0%) $246,162 (3.2%) 0.60 285
2020-12-01 $202,400 (5.2%) $244,983 (4.1%) 0.60 247
2021-01-01 $209,450 (13.3%) $245,036 (6.6%) 0.63 192
2021-02-01 $199,672 (7.9%) $246,847 (8.1%) 0.58 150
2021-03-01 $212,950 (9.2%) $250,641 (7.4%) 0.60 128
2021-04-01 $221,100 (10.6%) $268,462 (11.4%) 0.60 116
2021-05-01 $239,900 (0.0%) $295,635 (8.9%) 0.64 117
2021-06-01 $238,375 (-0.6%) $291,704 (7.0%) 0.63 166
2021-07-01 $239,250 (2.5%) $286,013 (4.4%) 0.63 216
2021-08-01 $239,475 (5.5%) $281,481 (3.9%) 0.64 231
2021-09-01 $241,175 (7.8%) $284,049 (6.9%) 0.64 212
2021-10-01 $249,900 (16.3%) $284,553 (11.2%) 0.67 218
2021-11-01 $233,650 (14.0%) $294,057 (19.5%) 0.62 180
2021-12-01 $259,700 (28.3%) $307,452 (25.5%) 0.70 148
2022-01-01 $273,900 (30.8%) $320,723 (30.9%) 0.74 125
2022-02-01 $303,675 (52.1%) $346,441 (40.4%) 0.79 106
2022-03-01 $325,800 (53.0%) $360,893 (44.0%) 0.82 106
2022-04-01 $349,900 (58.3%) $385,893 (43.7%) 0.83 111
2022-05-01 $323,300 (34.8%) $366,421 (23.9%) 0.74 153
2022-06-01 $294,950 (23.7%) $335,877 (15.1%) 0.66 178
2022-07-01 $294,700 (23.2%) $343,560 (20.1%) 0.67 199
2022-08-01 $289,206 (20.8%) $337,477 (19.9%) 0.67 209
2022-09-01 $299,725 (24.3%) $341,557 (20.3%) 0.70 182
2022-10-01 $279,900 (12.0%) $322,921 (13.5%) 0.66 186
2022-11-01 $277,450 (18.8%) $328,307 (11.7%) 0.67 163
2022-12-01 $279,305 (7.6%) $329,502 (7.2%) 0.69 132
2023-01-01 $280,653 (2.5%) $333,587 (4.0%) 0.69 108
2023-02-01 $271,903 (-10.5%) $336,895 (-2.8%) 0.66 99
2023-03-01 $256,425 (-21.3%) $329,944 (-8.6%) 0.60 95
2023-04-01 $272,950 (-22.0%) $352,541 (-8.6%) 0.63 87
Wausau's median listing price for 2023-04-01 was $272,950, a difference of $-76,950 (-22.0%) versus the prior year and $16,525 versus the prior month.

Wausau's median listing price comes in at 63% of the national average.

Wausau's average listing price for 2023-04-01 was $352,541, a difference of $-33,352 (-8.6%) versus the prior year and $22,597 versus the prior month.

For the 2023-04-01 period, Wausau had 87 MLS listings, a difference of -8 listings (-8%) versus the prior month and -24 listings (-22%) 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
2018-01-01 105 days 1,905 sqft
2018-02-01 106 days 1,885 sqft
2018-03-01 75 days 1,876 sqft
2018-04-01 65 days 1,913 sqft
2018-05-01 59 days 1,934 sqft
2018-06-01 53 days 1,961 sqft
2018-07-01 57 days 1,952 sqft
2018-08-01 63 days 1,931 sqft
2018-09-01 67 days 1,879 sqft
2018-10-01 76 days 1,858 sqft
2018-11-01 87 days 1,860 sqft
2018-12-01 107 days 1,884 sqft
2019-01-01 110 days 1,842 sqft
2019-02-01 107 days 1,820 sqft
2019-03-01 79 days 1,847 sqft
2019-04-01 67 days 1,903 sqft
2019-05-01 55 days 1,913 sqft
2019-06-01 47 days 1,911 sqft
2019-07-01 50 days 1,914 sqft
2019-08-01 59 days 1,928 sqft
2019-09-01 62 days 1,898 sqft
2019-10-01 65 days 1,907 sqft
2019-11-01 78 days 1,928 sqft
2019-12-01 90 days 1,882 sqft
2020-01-01 97 days 1,879 sqft
2020-02-01 100 days 1,900 sqft
2020-03-01 72 days 1,939 sqft
2020-04-01 68 days 1,950 sqft
2020-05-01 82 days 1,978 sqft
2020-06-01 84 days 2,003 sqft
2020-07-01 73 days 1,999 sqft
2020-08-01 72 days 1,972 sqft
2020-09-01 64 days 1,935 sqft
2020-10-01 63 days 1,800 sqft
2020-11-01 74 days 1,761 sqft
2020-12-01 87 days 1,746 sqft
2021-01-01 105 days 1,690 sqft
2021-02-01 101 days 1,719 sqft
2021-03-01 61 days 1,806 sqft
2021-04-01 52 days 1,836 sqft
2021-05-01 38 days 1,935 sqft
2021-06-01 32 days 1,956 sqft
2021-07-01 36 days 1,895 sqft
2021-08-01 40 days 1,895 sqft
2021-09-01 50 days 1,877 sqft
2021-10-01 51 days 1,910 sqft
2021-11-01 56 days 1,825 sqft
2021-12-01 69 days 1,918 sqft
2022-01-01 92 days 1,884 sqft
2022-02-01 67 days 1,987 sqft
2022-03-01 50 days 2,011 sqft
2022-04-01 35 days 2,074 sqft
2022-05-01 28 days 2,045 sqft
2022-06-01 35 days 1,972 sqft
2022-07-01 43 days 1,968 sqft
2022-08-01 41 days 1,974 sqft
2022-09-01 48 days 1,983 sqft
2022-10-01 48 days 1,864 sqft
2022-11-01 54 days 1,868 sqft
2022-12-01 74 days 1,877 sqft
2023-01-01 90 days 2,007 sqft
2023-02-01 88 days 1,868 sqft
2023-03-01 58 days 1,990 sqft
2023-04-01 48 days 2,030 sqft
Wausau's median listing age (time on market) for 2023-04-01 was 48 days. This is 37% longer than the same period one year ago.

Wausau's median square footage for active listings during the 2023-04-01 period was 2,030 sqft. One year prior, the average listing was 2,074 sqft.