Wausau USDA Loan Rates, Closing Costs & Stats

WAUSAU-WESTON, WI

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    • 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 6.78% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.53% and one month ago for the week of 2024-03-15, the average rate was 6.42%.

    The average rate one year ago was 6.36%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.4%.

    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 (15.1%) 0.64 659
    2018-02-01 $182,400 (21.6%) $225,330 (17.7%) 0.66 645
    2018-03-01 $188,138 (18.4%) $228,794 (18.2%) 0.66 686
    2018-04-01 $189,900 (18.7%) $235,014 (18.4%) 0.64 719
    2018-05-01 $189,900 (13.4%) $232,336 (14.3%) 0.63 784
    2018-06-01 $189,900 (12.5%) $231,021 (10.5%) 0.63 873
    2018-07-01 $189,900 (12.9%) $229,649 (8.6%) 0.63 877
    2018-08-01 $179,950 (7.0%) $223,594 (5.3%) 0.60 906
    2018-09-01 $179,900 (5.9%) $218,647 (4.6%) 0.60 877
    2018-10-01 $179,900 (3.5%) $223,520 (5.5%) 0.61 818
    2018-11-01 $184,925 (8.8%) $226,308 (6.8%) 0.63 766
    2018-12-01 $189,900 (15.2%) $229,683 (8.9%) 0.66 656
    2019-01-01 $189,900 (10.1%) $233,275 (6.6%) 0.66 583
    2019-02-01 $189,900 (4.1%) $229,658 (1.9%) 0.64 584
    2019-03-01 $194,043 (3.1%) $231,297 (1.1%) 0.63 614
    2019-04-01 $192,175 (1.2%) $231,981 (-1.3%) 0.61 644
    2019-05-01 $190,000 (0.1%) $234,941 (1.1%) 0.59 671
    2019-06-01 $196,900 (3.7%) $239,493 (3.7%) 0.62 717
    2019-07-01 $198,250 (4.4%) $238,352 (3.8%) 0.62 777
    2019-08-01 $195,082 (8.4%) $239,009 (6.9%) 0.62 777
    2019-09-01 $195,880 (8.9%) $241,139 (10.3%) 0.63 776
    2019-10-01 $197,750 (9.9%) $242,559 (8.5%) 0.64 768
    2019-11-01 $199,000 (7.6%) $238,871 (5.6%) 0.65 688
    2019-12-01 $192,450 (1.3%) $235,500 (2.5%) 0.64 589
    2020-01-01 $184,900 (-2.6%) $229,842 (-1.5%) 0.62 512
    2020-02-01 $185,000 (-2.6%) $228,378 (-0.6%) 0.61 532
    2020-03-01 $195,350 (0.7%) $233,520 (1.0%) 0.61 597
    2020-04-01 $199,900 (4.0%) $241,099 (3.9%) 0.63 602
    2020-05-01 $239,900 (26.3%) $271,739 (15.7%) 0.73 369
    2020-06-01 $239,900 (21.8%) $272,803 (13.9%) 0.71 335
    2020-07-01 $235,750 (18.9%) $274,195 (15.0%) 0.68 307
    2020-08-01 $228,900 (17.3%) $271,166 (13.5%) 0.66 286
    2020-09-01 $224,925 (14.8%) $265,988 (10.3%) 0.64 314
    2020-10-01 $214,900 (8.7%) $256,694 (5.8%) 0.62 321
    2020-11-01 $204,900 (3.0%) $247,084 (3.4%) 0.60 285
    2020-12-01 $202,400 (5.2%) $246,005 (4.5%) 0.60 247
    2021-01-01 $209,450 (13.3%) $246,429 (7.2%) 0.63 192
    2021-02-01 $199,672 (7.9%) $248,405 (8.8%) 0.58 150
    2021-03-01 $213,900 (9.5%) $252,280 (8.0%) 0.61 129
    2021-04-01 $219,900 (10.0%) $267,862 (11.1%) 0.60 118
    2021-05-01 $239,900 (0.0%) $293,904 (8.2%) 0.64 119
    2021-06-01 $237,225 (-1.1%) $290,515 (6.5%) 0.62 167
    2021-07-01 $229,900 (-2.5%) $285,002 (3.9%) 0.61 207
    2021-08-01 $232,400 (1.5%) $280,422 (3.4%) 0.62 222
    2021-09-01 $233,700 (3.9%) $283,053 (6.4%) 0.62 206
    2021-10-01 $249,900 (16.3%) $283,066 (10.3%) 0.67 219
    2021-11-01 $233,650 (14.0%) $293,527 (18.8%) 0.62 181
    2021-12-01 $259,575 (28.3%) $306,754 (24.7%) 0.70 149
    2022-01-01 $271,900 (29.8%) $318,832 (29.4%) 0.74 126
    2022-02-01 $303,675 (52.1%) $345,274 (39.0%) 0.79 107
    2022-03-01 $318,300 (48.8%) $359,642 (42.6%) 0.80 106
    2022-04-01 $349,900 (59.1%) $385,893 (44.1%) 0.83 111
    2022-05-01 $323,300 (34.8%) $366,421 (24.7%) 0.74 153
    2022-06-01 $294,950 (24.3%) $335,877 (15.6%) 0.66 178
    2022-07-01 $294,700 (28.2%) $343,560 (20.6%) 0.66 199
    2022-08-01 $289,206 (24.4%) $337,477 (20.4%) 0.67 209
    2022-09-01 $299,725 (28.3%) $341,557 (20.7%) 0.70 182
    2022-10-01 $279,900 (12.0%) $322,921 (14.1%) 0.66 186
    2022-11-01 $277,450 (18.8%) $328,307 (11.9%) 0.67 163
    2022-12-01 $279,305 (7.6%) $329,502 (7.4%) 0.69 132
    2023-01-01 $280,653 (3.2%) $332,452 (4.3%) 0.70 108
    2023-02-01 $271,903 (-10.5%) $336,895 (-2.4%) 0.66 99
    2023-03-01 $256,425 (-19.4%) $329,944 (-8.3%) 0.60 95
    2023-04-01 $272,950 (-22.0%) $352,541 (-8.6%) 0.63 87
    2023-05-01 $281,150 (-13.0%) $348,855 (-4.8%) 0.64 113
    2023-06-01 $302,400 (2.5%) $352,905 (5.1%) 0.68 151
    2023-07-01 $309,900 (5.2%) $361,568 (5.2%) 0.70 182
    2023-08-01 $299,675 (3.6%) $378,722 (12.2%) 0.69 193
    2023-09-01 $294,950 (-1.6%) $372,480 (9.1%) 0.69 205
    2023-10-01 $294,925 (5.4%) $362,268 (12.2%) 0.69 208
    2023-11-01 $301,950 (8.8%) $354,945 (8.1%) 0.72 209
    2023-12-01 $312,400 (11.9%) $367,816 (11.6%) 0.76 174
    2024-01-01 $342,380 (22.0%) $377,302 (13.5%) 0.84 140
    2024-02-01 $348,645 (28.2%) $398,690 (18.3%) 0.84 123
    2024-03-01 $349,860 (36.4%) $384,191 (16.4%) 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 (16.4%) 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.