Wisconsin USDA Loan Rates, Closing Costs & Stats

Wisconsin

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 USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Wisconsin averaged 6.73% for the week of 2024-05-24, compared to the national average (all USDA variants) of 6.738% for the same period.

Wisconsin's average USDA mortgage closing costs are $4,557.

The average rate for the prior week (2024-05-17) was 6.51% and one month ago for the week of 2024-04-19, the average rate was 7.05%.

The average rate one year ago was 6.57%.

For refis of the same type during the week of 2024-05-24, the average rate was 6.21%.

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

Wisconsin 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 level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
GUILD MORTGAGE COMPANY 56 6.76% $6,945
CROSSCOUNTRY MORTGAGE, LLC 36 6.71% $7,165
Nations Lending Corporation 31 6.87% $4,481
Ixonia Bank 30 6.89% $7,573
FIRST CENTENNIAL MORTGAGE CORPORATION 22 6.82% $4,535
AMERICAN PACIFIC MORTGAGE CORPORATION 21 6.72% $7,835
UNITED WHOLESALE MORTGAGE, LLC 13 6.13% $6,281
Barrington Bank & Trust Company, N.A. 11 6.59% $8,507
Paramount Residential Mortgage Group, Inc. 11 6.52% $6,407
Flagstar Bank, FSB 8 6.94% $7,191
Waterstone Mortgage Corporation 7 5.98% $6,224
GUARANTEED RATE, INC. 7 6.95% $5,484
Lend Smart Mortgage, LLC 6 5.71% $8,319
Bell Bank 6 6.17% $8,028
DAS Acquisition Company, LLC 6 7.40% $6,044
Mortgage Research Center, LLC 6 6.52% $5,393
EVERETT FINANCIAL, INC. 6 6.96% $5,744
CARDINAL FINANCIAL 5 6.85% $7,379
Prosperity Home Mortgage, LLC 5 6.63% $5,741
LOANDEPOT.COM, LLC 5 6.65% $7,257
PLANET HOME LENDING, LLC 5 6.37% $6,493
Century Mortgage Company DBA Century Lending Company 4 6.78% $4,227
NEWREZ LLC 4 6.47% $4,693
Bank First, N.A. 3 6.92% $5,597
MOVEMENT MORTGAGE, LLC 3 6.71% $6,636
BAY EQUITY LLC 3 6.91% $9,700
U.S. Bank 3 6.83% $3,956
NATIONS RELIABLE LENDING, LLC 3 7.21% $5,110
Servion, Inc. 3 6.17% $5,296
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 7.08% $5,517
FIRST COMMUNITY MORTGAGE, INC. 3 7.00% $6,964
Bank of England 3 6.83% $5,994
CHERRY CREEK MORTGAGE, LLC 2 6.69% $1,217
Associated Bank 2 6.38% $4,005
BROKER SOLUTIONS, INC. 2 6.69% $12,822
American Mortgage & Equity Consultants, Inc. 2 6.88% $5,090
CMG MORTGAGE, INC. 2 6.94% $9,120
CoVantage Credit Union 2 6.44% $5,109
Horicon Bank 2 7.06% $3,588
SUCCESS MORTGAGE PARTNERS, INC. 2 6.38% $5,806
T2 FINANCIAL LLC 2 6.75% $5,543
The First National Bank and Trust Company 2 6.25% $3,321
V.I.P. MORTGAGE, INC. 2 7.31% $8,087
Home Federal Savings Bank 1 6.75% $5,036
PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.25% $5,209
GSF Mortgage Corporation 1 5.88% $4,235
DRAPER AND KRAMER MORTGAGE CORP. 1 6.13% $6,178
Sierra Pacific Mortgage Company, Inc. 1 7.63% $9,333
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.00% $8,484
Summit Mortgage Corporation 1 6.63% $3,990
WESTconsin Credit Union 1 7.38% $5,412
A + MORTGAGE SERVICES, INC. 1 6.63% $3,841
UNION HOME MORTGAGE CORP. 1 6.63% $6,842
CALIBER HOME LOANS, INC. 1 6.63% $4,283
MID AMERICA MORTGAGE, INC. 1 6.38% $2,000
IncredibleBank 1 6.88% $5,035
INB 1 7.75% $4,498
HOMESTEAD FUNDING CORP. 1 7.25% $5,053

The top Wisconsin USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 56 USDA loans originated. Their average total fees are $6,945, which is $220 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

The lowest fee Wisconsin USDA lenders (with over 10 loans originated) are Nations Lending Corporation ($4,481), FIRST CENTENNIAL MORTGAGE CORPORATION ($4,535), UNITED WHOLESALE MORTGAGE, LLC ($6,281), Paramount Residential Mortgage Group, Inc. ($6,407) and GUILD MORTGAGE COMPANY ($6,945).

The lowest rate Wisconsin USDA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.13%), Paramount Residential Mortgage Group, Inc. (6.52%), Barrington Bank & Trust Company, N.A. (6.59%), CROSSCOUNTRY MORTGAGE, LLC (6.71%) and AMERICAN PACIFIC MORTGAGE CORPORATION (6.72%).