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 6.59% for the week of 2024-07-19, compared to the national average (all USDA variants) of 6.628% for the same period.

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

The average rate for the prior week (2024-07-12) was 6.52% and one month ago for the week of 2024-06-14, the average rate was 6.55%.

The average rate one year ago was 6.9%.

For refis of the same type during the week of 2024-07-19, the average rate was 6.53%.

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 $285,000 (19.8%) $343,956 (8.0%) 0.00 79
Wisconsin Rapids's median listing price for 2024-06-01 was $285,000, a difference of $47,100 (19.8%) versus the prior year and $15,000 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 2024-06-01 was $343,956, a difference of $25,439 (8.0%) versus the prior year and $21,141 versus the prior month.

For the 2024-06-01 period, Wisconsin Rapids had 79 MLS listings, a difference of 4 listings (5%) versus the prior month and 15 listings (23%) 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 1,972 sqft
Wisconsin Rapids's median listing age (time on market) for 2024-06-01 was 0 days.

Wisconsin Rapids's median square footage for active listings during the 2024-06-01 period was 1,972 sqft. One year prior, the average listing was 1,933 sqft.