Wisconsin Rapids USDA Loan Rates, Closing Costs & Stats

Wisconsin Rapids-Marshfield, 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.

    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 6.17% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Wisconsin Rapids's average USDA mortgage closing costs are $4,765.

    The average rate for the prior week (2024-12-06) was 6.1% and one month ago for the week of 2024-11-08, the average rate was 6.52%.

    The average rate one year ago was 6.89%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.2%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    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
    2024-04-01 $239,775 (6.6%) $275,993 (-17.6%) 0.00 66
    2024-05-01 $270,000 (17.4%) $322,815 (8.1%) 0.00 75
    2024-06-01 $277,450 (16.6%) $330,866 (3.9%) 0.00 79
    2024-07-01 $269,150 (19.6%) $335,751 (5.0%) 0.00 91
    2024-08-01 $262,450 (6.1%) $317,127 (-9.1%) 0.00 99
    2024-09-01 $261,425 (4.6%) $310,964 (-7.4%) 0.00 98
    2024-10-01 $279,450 (16.5%) $311,617 (-7.1%) 0.00 100
    2024-11-01 $274,900 (10.0%) $308,764 (0.7%) 0.00 106
    Wisconsin Rapids's median listing price for 2024-11-01 was $274,900, a difference of $25,000 (10.0%) versus the prior year and $-4,550 versus the prior month.

    Wisconsin Rapids's median listing price comes in at 0% of the national average.

    Wisconsin Rapids's average listing price for 2024-11-01 was $308,764, a difference of $2,229 (0.7%) versus the prior year and $-2,853 versus the prior month.

    For the 2024-11-01 period, Wisconsin Rapids had 106 MLS listings, a difference of 6 listings (6%) versus the prior month and 19 listings (22%) 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
    2024-04-01 0 days 1,772 sqft
    2024-05-01 0 days 1,915 sqft
    2024-06-01 0 days 1,968 sqft
    2024-07-01 0 days 1,946 sqft
    2024-08-01 0 days 1,862 sqft
    2024-09-01 0 days 1,911 sqft
    2024-10-01 0 days 1,986 sqft
    2024-11-01 0 days 1,884 sqft
    Wisconsin Rapids's median listing age (time on market) for 2024-11-01 was 0 days.

    Wisconsin Rapids's median square footage for active listings during the 2024-11-01 period was 1,884 sqft. One year prior, the average listing was 1,925 sqft.