Wisconsin Rapids USDA Loan Rates, Closing Costs & Stats
Wisconsin Rapids-Marshfield, 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.
Wisconsin Rapids's 9 lenders originated 30 USDA loans during 2023. The total origination value was $4,600,000, with an average USDA loan value of $153,333.
Wisconsin Rapids USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Wisconsin Rapids
averaged
6.73%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Wisconsin Rapids's average USDA mortgage closing costs are $4,765.
The average rate for the prior week (2024-04-12) was
6.88% and
one month ago for the week of 2024-03-15, the
average rate was 6.36%.
The average rate one year ago was 6.4%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.96%.
Wisconsin Rapids 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 Wisconsin Rapids level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Nations Lending Corporation | 12 | 6.93% | $3,795 |
| Ixonia Bank | 6 | 6.69% | $7,874 |
| Waterstone Mortgage Corporation | 5 | 6.13% | $6,961 |
| FIRST CENTENNIAL MORTGAGE CORPORATION | 2 | 6.81% | $4,272 |
| Century Mortgage Company DBA Century Lending Company | 1 | 6.99% | $0 |
| CARDINAL FINANCIAL | 1 | 5.75% | $8,535 |
| T2 FINANCIAL LLC | 1 | 6.25% | $5,122 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.88% | $3,924 |
| Barrington Bank & Trust Company, N.A. | 1 | 6.75% | $5,912 |
The top Wisconsin Rapids USDA lender as defined by loan originations is Nations Lending Corporation, with
12 USDA loans originated. Their average total fees are
$3,795, which is $4,078
lower than the next largest lender,
Ixonia Bank.
The lowest fee Wisconsin Rapids USDA lenders (with over 10 loans originated) are
Nations Lending Corporation ($3,795), .
The lowest rate Wisconsin Rapids USDA lenders (with over 10 loans originated) are
Nations Lending Corporation (6.93%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Wisconsin Rapids (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 | $120,400 (4.8%) | $150,192 (7.9%) | 0.00 | 235 |
| 2018-02-01 | $125,000 (10.0%) | $153,469 (10.1%) | 0.00 | 246 |
| 2018-03-01 | $129,900 (9.2%) | $156,776 (7.0%) | 0.00 | 275 |
| 2018-04-01 | $130,953 (9.2%) | $159,270 (7.1%) | 0.00 | 276 |
| 2018-05-01 | $130,650 (8.5%) | $158,153 (8.3%) | 0.00 | 307 |
| 2018-06-01 | $135,000 (8.1%) | $163,352 (13.5%) | 0.00 | 331 |
| 2018-07-01 | $135,675 (13.2%) | $164,531 (15.9%) | 0.00 | 330 |
| 2018-08-01 | $139,200 (16.2%) | $161,784 (12.8%) | 0.00 | 323 |
| 2018-09-01 | $139,900 (16.9%) | $161,426 (15.6%) | 0.00 | 318 |
| 2018-10-01 | $139,650 (16.5%) | $161,688 (15.1%) | 0.00 | 307 |
| 2018-11-01 | $136,050 (13.5%) | $157,611 (10.8%) | 0.00 | 277 |
| 2018-12-01 | $135,000 (14.3%) | $156,651 (6.2%) | 0.00 | 243 |
| 2019-01-01 | $126,675 (5.2%) | $155,020 (3.2%) | 0.00 | 222 |
| 2019-02-01 | $136,050 (8.8%) | $161,619 (5.3%) | 0.00 | 220 |
| 2019-03-01 | $142,086 (9.4%) | $595,176 (279.6%) | 0.00 | 230 |
| 2019-04-01 | $144,636 (10.5%) | $597,139 (274.9%) | 0.00 | 246 |
| 2019-05-01 | $149,225 (14.2%) | $169,969 (7.5%) | 0.00 | 268 |
| 2019-06-01 | $149,000 (10.4%) | $167,104 (2.3%) | 0.00 | 281 |
| 2019-07-01 | $149,000 (9.8%) | $167,234 (1.6%) | 0.00 | 283 |
| 2019-08-01 | $143,700 (3.2%) | $167,848 (3.8%) | 0.00 | 285 |
| 2019-09-01 | $138,750 (-0.8%) | $168,657 (4.5%) | 0.00 | 283 |
| 2019-10-01 | $134,900 (-3.4%) | $168,514 (4.2%) | 0.00 | 281 |
| 2019-11-01 | $131,900 (-3.1%) | $164,637 (4.5%) | 0.00 | 257 |
| 2019-12-01 | $129,900 (-3.8%) | $162,384 (3.7%) | 0.00 | 210 |
| 2020-01-01 | $129,350 (2.1%) | $162,658 (4.9%) | 0.00 | 189 |
| 2020-02-01 | $133,700 (-1.7%) | $165,546 (2.4%) | 0.00 | 185 |
| 2020-03-01 | $139,900 (-1.5%) | $173,770 (-70.8%) | 0.00 | 191 |
| 2020-04-01 | $144,900 (0.2%) | $179,128 (-70.0%) | 0.00 | 186 |
| 2020-05-01 | $146,900 (-1.6%) | $190,143 (11.9%) | 0.00 | 110 |
| 2020-06-01 | $149,950 (0.6%) | $199,159 (19.2%) | 0.00 | 108 |
| 2020-07-01 | $155,000 (4.0%) | $206,632 (23.6%) | 0.00 | 109 |
| 2020-08-01 | $151,450 (5.4%) | $205,521 (22.4%) | 0.00 | 111 |
| 2020-09-01 | $138,900 (0.1%) | $190,722 (13.1%) | 0.00 | 128 |
| 2020-10-01 | $154,800 (14.8%) | $196,921 (16.9%) | 0.00 | 122 |
| 2020-11-01 | $139,900 (6.1%) | $185,097 (12.4%) | 0.00 | 116 |
| 2020-12-01 | $149,000 (14.7%) | $188,501 (16.1%) | 0.00 | 102 |
| 2021-01-01 | $148,700 (15.0%) | $190,538 (17.1%) | 0.00 | 87 |
| 2021-02-01 | $149,900 (12.1%) | $203,403 (22.9%) | 0.00 | 69 |
| 2021-03-01 | $195,100 (39.5%) | $240,219 (38.2%) | 0.00 | 47 |
| 2021-04-01 | $184,850 (27.6%) | $244,049 (36.2%) | 0.00 | 49 |
| 2021-05-01 | $169,500 (15.4%) | $243,130 (27.9%) | 0.00 | 58 |
| 2021-06-01 | $164,625 (9.8%) | $214,862 (7.9%) | 0.00 | 68 |
| 2021-07-01 | $167,500 (8.1%) | $208,381 (0.9%) | 0.00 | 89 |
| 2021-08-01 | $158,175 (4.4%) | $198,541 (-3.4%) | 0.00 | 99 |
| 2021-09-01 | $166,300 (19.7%) | $205,114 (7.6%) | 0.00 | 102 |
| 2021-10-01 | $159,900 (3.3%) | $205,469 (4.3%) | 0.00 | 98 |
| 2021-11-01 | $169,900 (21.4%) | $205,584 (11.1%) | 0.00 | 87 |
| 2021-12-01 | $165,450 (11.0%) | $200,753 (6.5%) | 0.00 | 75 |
| 2022-01-01 | $174,900 (17.6%) | $202,275 (6.2%) | 0.00 | 48 |
| 2022-02-01 | $176,850 (18.0%) | $193,890 (-4.7%) | 0.00 | 44 |
| 2022-03-01 | $205,425 (5.3%) | $211,836 (-11.8%) | 0.00 | 35 |
| 2022-04-01 | $227,450 (23.1%) | $241,496 (-1.1%) | 0.00 | 35 |
| 2022-05-01 | $218,675 (29.0%) | $261,712 (7.6%) | 0.00 | 48 |
| 2022-06-01 | $226,180 (37.4%) | $278,101 (29.4%) | 0.00 | 61 |
| 2022-07-01 | $199,950 (19.4%) | $274,639 (31.8%) | 0.00 | 69 |
| 2022-08-01 | $223,700 (41.4%) | $285,188 (43.6%) | 0.00 | 72 |
| 2022-09-01 | $227,400 (36.7%) | $284,921 (38.9%) | 0.00 | 70 |
| 2022-10-01 | $214,900 (34.4%) | $289,033 (40.7%) | 0.00 | 71 |
| 2022-11-01 | $202,900 (19.4%) | $279,657 (36.0%) | 0.00 | 78 |
| 2022-12-01 | $209,900 (26.9%) | $292,976 (45.9%) | 0.00 | 67 |
| 2023-01-01 | $217,425 (24.3%) | $270,261 (33.6%) | 0.00 | 61 |
| 2023-02-01 | $219,925 (24.4%) | $297,925 (53.7%) | 0.00 | 45 |
| 2023-03-01 | $220,725 (7.5%) | $299,480 (41.4%) | 0.00 | 47 |
| 2023-04-01 | $224,950 (-1.1%) | $334,992 (38.7%) | 0.00 | 38 |
| 2023-05-01 | $229,925 (5.1%) | $298,657 (14.1%) | 0.00 | 51 |
| 2023-06-01 | $237,900 (5.2%) | $318,517 (14.5%) | 0.00 | 64 |
| 2023-07-01 | $225,000 (12.5%) | $319,838 (16.5%) | 0.00 | 62 |
| 2023-08-01 | $247,400 (10.6%) | $349,000 (22.4%) | 0.00 | 75 |
| 2023-09-01 | $249,900 (9.9%) | $335,893 (17.9%) | 0.00 | 86 |
| 2023-10-01 | $239,975 (11.7%) | $335,413 (16.1%) | 0.00 | 86 |
| 2023-11-01 | $249,900 (23.2%) | $306,535 (9.6%) | 0.00 | 87 |
| 2023-12-01 | $239,900 (14.3%) | $307,369 (4.9%) | 0.00 | 83 |
| 2024-01-01 | $241,175 (10.9%) | $303,229 (12.2%) | 0.00 | 62 |
| 2024-02-01 | $244,825 (11.3%) | $305,110 (2.4%) | 0.00 | 65 |
| 2024-03-01 | $249,900 (13.2%) | $308,159 (2.9%) | 0.00 | 57 |
Wisconsin Rapids's median listing price comes in at 0% of the national average.
Wisconsin Rapids's average listing price for 2024-03-01 was $308,159, a difference of $8,679 (2.9%) versus the prior year and $3,049 versus the prior month.
For the 2024-03-01 period, Wisconsin Rapids had 57 MLS listings, a difference of -8 listings (-12%) versus the prior month and 10 listings (21%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Wisconsin Rapids (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,633 sqft |
| 2018-02-01 | 0 days | 1,708 sqft |
| 2018-03-01 | 0 days | 1,742 sqft |
| 2018-04-01 | 0 days | 1,737 sqft |
| 2018-05-01 | 0 days | 1,703 sqft |
| 2018-06-01 | 0 days | 1,696 sqft |
| 2018-07-01 | 0 days | 1,711 sqft |
| 2018-08-01 | 0 days | 1,760 sqft |
| 2018-09-01 | 0 days | 1,781 sqft |
| 2018-10-01 | 0 days | 1,803 sqft |
| 2018-11-01 | 0 days | 1,772 sqft |
| 2018-12-01 | 0 days | 1,718 sqft |
| 2019-01-01 | 0 days | 1,675 sqft |
| 2019-02-01 | 0 days | 1,737 sqft |
| 2019-03-01 | 0 days | 1,813 sqft |
| 2019-04-01 | 0 days | 1,838 sqft |
| 2019-05-01 | 0 days | 1,827 sqft |
| 2019-06-01 | 0 days | 1,806 sqft |
| 2019-07-01 | 0 days | 1,770 sqft |
| 2019-08-01 | 0 days | 1,718 sqft |
| 2019-09-01 | 0 days | 1,702 sqft |
| 2019-10-01 | 0 days | 1,697 sqft |
| 2019-11-01 | 0 days | 1,642 sqft |
| 2019-12-01 | 0 days | 1,618 sqft |
| 2020-01-01 | 0 days | 1,614 sqft |
| 2020-02-01 | 0 days | 1,627 sqft |
| 2020-03-01 | 0 days | 1,622 sqft |
| 2020-04-01 | 0 days | 1,625 sqft |
| 2020-05-01 | 0 days | 1,624 sqft |
| 2020-06-01 | 0 days | 1,610 sqft |
| 2020-07-01 | 0 days | 1,702 sqft |
| 2020-08-01 | 0 days | 1,649 sqft |
| 2020-09-01 | 0 days | 1,696 sqft |
| 2020-10-01 | 0 days | 1,785 sqft |
| 2020-11-01 | 0 days | 1,690 sqft |
| 2020-12-01 | 0 days | 1,695 sqft |
| 2021-01-01 | 0 days | 1,658 sqft |
| 2021-02-01 | 0 days | 1,772 sqft |
| 2021-03-01 | 0 days | 1,924 sqft |
| 2021-04-01 | 0 days | 1,861 sqft |
| 2021-05-01 | 0 days | 1,790 sqft |
| 2021-06-01 | 0 days | 1,639 sqft |
| 2021-07-01 | 0 days | 1,629 sqft |
| 2021-08-01 | 0 days | 1,609 sqft |
| 2021-09-01 | 0 days | 1,723 sqft |
| 2021-10-01 | 0 days | 1,548 sqft |
| 2021-11-01 | 0 days | 1,640 sqft |
| 2021-12-01 | 0 days | 1,630 sqft |
| 2022-01-01 | 0 days | 1,659 sqft |
| 2022-02-01 | 0 days | 1,684 sqft |
| 2022-03-01 | 0 days | 1,649 sqft |
| 2022-04-01 | 0 days | 1,936 sqft |
| 2022-05-01 | 0 days | 1,917 sqft |
| 2022-06-01 | 0 days | 1,907 sqft |
| 2022-07-01 | 0 days | 1,877 sqft |
| 2022-08-01 | 0 days | 1,850 sqft |
| 2022-09-01 | 0 days | 1,839 sqft |
| 2022-10-01 | 0 days | 1,879 sqft |
| 2022-11-01 | 0 days | 1,833 sqft |
| 2022-12-01 | 0 days | 1,826 sqft |
| 2023-01-01 | 0 days | 1,815 sqft |
| 2023-02-01 | 0 days | 1,805 sqft |
| 2023-03-01 | 0 days | 1,819 sqft |
| 2023-04-01 | 0 days | 1,844 sqft |
| 2023-05-01 | 0 days | 1,759 sqft |
| 2023-06-01 | 0 days | 1,933 sqft |
| 2023-07-01 | 0 days | 1,810 sqft |
| 2023-08-01 | 0 days | 1,841 sqft |
| 2023-09-01 | 0 days | 1,900 sqft |
| 2023-10-01 | 0 days | 1,897 sqft |
| 2023-11-01 | 0 days | 1,925 sqft |
| 2023-12-01 | 0 days | 1,840 sqft |
| 2024-01-01 | 0 days | 1,841 sqft |
| 2024-02-01 | 0 days | 1,830 sqft |
| 2024-03-01 | 0 days | 1,862 sqft |
Wisconsin Rapids's median square footage for active listings during the 2024-03-01 period was 1,862 sqft. One year prior, the average listing was 1,819 sqft.