Wausau VA Loan Rates, Closing Costs & Stats

WAUSAU-WESTON, WI

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Wausau's 33 lenders originated 112 VA loans during 2023. The total origination value was $29,660,000, with an average VA loan value of $264,821.

    Wausau VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Wausau averaged 7.21% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Wausau's average VA mortgage closing costs are $4,656.

    The average rate for the prior week (2024-04-12) was 6.84% and one month ago for the week of 2024-03-15, the average rate was 6.7%.

    The average rate one year ago was 6.19%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.93%.

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

    Wausau VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 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
    Mortgage Research Center, LLC 39 7.05% $6,341
    QUICKEN LOANS, LLC 9 6.37% $7,205
    GUILD MORTGAGE COMPANY 6 6.35% $7,531
    PENNYMAC LOAN SERVICES, LLC 5 5.95% $7,219
    FREEDOM MORTGAGE CORPORATION 4 6.25% $10,232
    NAVY FEDERAL CREDIT UNION 4 6.31% $5,066
    Ixonia Bank 4 7.25% $15,496
    U.S. Bank 4 6.03% $4,776
    NEW DAY FINANCIAL, LLC 3 7.13% $14,451
    CROSSCOUNTRY MORTGAGE, LLC 3 6.75% $9,046
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.21% $4,772
    LOANDEPOT.COM, LLC 2 5.62% $15,090
    UNITED WHOLESALE MORTGAGE, LLC 2 6.07% $14,565
    Mr. Cooper ( Nationstar Mortgage ) 2 5.88% $10,603
    Prosperity Home Mortgage, LLC 1 5.50% $14,863
    Servion, Inc. 1 6.75% $6,552
    The Federal Savings Bank 1 7.50% $6,914
    TOWNE MORTGAGE COMPANY 1 7.13% $6,345
    AMERICAN FINANCIAL NETWORK, INC. 1 6.50% $14,206
    Wells Fargo Bank 1 5.88% $1,212
    Associated Bank 1 6.00% $7,084
    Bank of England 1 6.75% $17,032
    Barrington Bank & Trust Company, N.A. 1 6.75% $3,972
    CALIBER HOME LOANS, INC. 1 6.75% $6,970
    Cambria Financial Group, LLC 1 7.13% $5,207
    CARDINAL FINANCIAL 1 6.00% $12,632
    Equity Prime Mortgage LLC 1 7.38% $9,231
    First Federal Bank 1 6.13% $1,629
    LAND HOME FINANCIAL SERVICES, INC. 1 7.63% $5,077
    MOVEMENT MORTGAGE, LLC 1 7.75% $8,512
    Nations Lending Corporation 1 7.00% $1,849
    NEWREZ LLC 1 5.63% $11,940
    Paramount Residential Mortgage Group, Inc. 1 6.75% $23,172

    The top Wausau VA lender as defined by loan originations is Mortgage Research Center, LLC, with 39 VA loans originated. Their average total fees are $6,341, which is $864 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Wausau VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,341), .

    The lowest rate Wausau VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (7.05%), .

    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.

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.