Wisconsin Rapids VA Loan Rates, Closing Costs & Stats

Wisconsin Rapids-Marshfield, 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.

    Wisconsin Rapids's 30 lenders originated 83 VA loans during 2023. The total origination value was $18,995,000, with an average VA loan value of $228,855.

    Wisconsin Rapids VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Wisconsin Rapids averaged 6.73% for the week of 2024-11-08, compared to the national average (all VA variants) of 6.34% for the same period.

    Wisconsin Rapids's average VA mortgage closing costs are $4,578.

    The average rate for the prior week (2024-11-01) was 6.39% and one month ago for the week of 2024-10-04, the average rate was 5.72%.

    The average rate one year ago was 7.37%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.54%.

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

    Wisconsin Rapids 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 Wisconsin Rapids level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 22 6.73% $4,357
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.64% $8,241
    NAVY FEDERAL CREDIT UNION 6 5.85% $3,656
    QUICKEN LOANS, LLC 5 6.49% $18,918
    UNITED WHOLESALE MORTGAGE, LLC 5 6.95% $8,805
    FREEDOM MORTGAGE CORPORATION 5 6.75% $13,075
    PENNYMAC LOAN SERVICES, LLC 3 5.08% $3,835
    BNC National Bank 2 5.81% $5,300
    NEW DAY FINANCIAL, LLC 2 7.56% $7,411
    GUARANTEED RATE, INC. 2 7.19% $1,355
    Nations Lending Corporation 2 7.00% $4,395
    ENVOY MORTGAGE, LTD 2 7.81% $10,279
    U.S. Bank 2 6.63% $4,055
    USAA Federal Savings Bank 1 6.75% $3,376
    VILLAGE CAPITAL MORTGAGE 1 6.38% $6,408
    Waterstone Mortgage Corporation 1 6.13% $7,081
    AMERISAVE MORTGAGE CORPORATION 1 5.75% $6,680
    Wells Fargo Bank 1 6.63% $3,751
    Barrington Bank & Trust Company, N.A. 1 6.75% $3,166
    CHERRY CREEK MORTGAGE, LLC 1 6.63% $0
    CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $900
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 6.88% $275
    Flagstar Bank, FSB 1 5.75% $4,128
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.63% $3,931
    GUILD MORTGAGE COMPANY 1 7.63% $9,204
    Ixonia Bank 1 7.13% $13,061
    MOVEMENT MORTGAGE, LLC 1 6.75% $6,300
    Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $19,169
    PLANET HOME LENDING, LLC 1 5.88% $6,373
    TOWNE MORTGAGE COMPANY 1 6.25% $6,100

    The top Wisconsin Rapids VA lender as defined by loan originations is Mortgage Research Center, LLC, with 22 VA loans originated. Their average total fees are $4,357, which is $3,884 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

    The lowest fee Wisconsin Rapids VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,357), .

    The lowest rate Wisconsin Rapids VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.73%), .

    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
    Wisconsin Rapids's median listing price for 2024-10-01 was $279,450, a difference of $39,475 (16.5%) versus the prior year and $18,025 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 2024-10-01 was $311,617, a difference of $-23,796 (-7.1%) versus the prior year and $653 versus the prior month.

    For the 2024-10-01 period, Wisconsin Rapids had 100 MLS listings, a difference of 2 listings (2%) versus the prior month and 14 listings (16%) 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
    Wisconsin Rapids's median listing age (time on market) for 2024-10-01 was 0 days.

    Wisconsin Rapids's median square footage for active listings during the 2024-10-01 period was 1,986 sqft. One year prior, the average listing was 1,897 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.