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%.
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 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 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.