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
6.1%
for the week of 2023-05-26, compared to the national average (all USDA variants) of
6.63% for the same period.
Wisconsin's average USDA mortgage closing costs are $4,457.
The average rate for the prior week (2023-05-19) was
6.24% and
one month ago for the week of 2023-04-21, the
average rate was 5.85%.
The average rate one year ago was 4.87%.
For refis of the same type during the week of 2023-05-26, the average rate
was 5.34%.
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 |
2022 Avg. 30yFix Rate |
2022 Avg. Closing Costs |
FINANCE OF AMERICA MORTGAGE LLC
|
82
|
4.81%
|
$4,805
|
Lend Smart Mortgage, LLC
|
64
|
5.15%
|
$5,403
|
CROSSCOUNTRY MORTGAGE, LLC
|
54
|
5.05%
|
$5,884
|
Waterstone Mortgage Corporation
|
52
|
4.99%
|
$6,563
|
INLANTA MORTGAGE, INC.
|
44
|
4.73%
|
$5,660
|
Flagstar Bank, FSB
|
37
|
4.31%
|
$4,963
|
Nations Lending Corporation
|
28
|
5.94%
|
$4,716
|
Barrington Bank & Trust Company, N.A.
|
22
|
4.90%
|
$6,033
|
FIRST CENTENNIAL MORTGAGE CORPORATION
|
21
|
4.99%
|
$4,655
|
GUILD MORTGAGE COMPANY
|
21
|
4.80%
|
$7,625
|
UNITED WHOLESALE MORTGAGE, LLC
|
20
|
5.31%
|
$6,046
|
CHERRY CREEK MORTGAGE, LLC
|
15
|
5.28%
|
$1,888
|
DAS Acquisition Company, LLC
|
15
|
4.43%
|
$5,471
|
Prosperity Home Mortgage, LLC
|
13
|
4.46%
|
$5,143
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
13
|
4.91%
|
$5,436
|
Paramount Residential Mortgage Group, Inc.
|
11
|
4.83%
|
$6,933
|
EVERETT FINANCIAL, INC.
|
11
|
4.60%
|
$3,224
|
PLANET HOME LENDING, LLC
|
11
|
4.93%
|
$5,602
|
Associated Bank
|
10
|
4.54%
|
$4,291
|
HOME POINT FINANCIAL CORPORATION
|
9
|
4.61%
|
$5,295
|
U.S. Bank
|
8
|
4.89%
|
$5,550
|
CALIBER HOME LOANS, INC.
|
8
|
4.62%
|
$5,068
|
LOANDEPOT.COM, LLC
|
8
|
5.03%
|
$7,902
|
CARDINAL FINANCIAL
|
8
|
4.58%
|
$7,600
|
Bankers' Bank
|
7
|
4.95%
|
$3,293
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
7
|
5.23%
|
$6,490
|
CoVantage Credit Union
|
7
|
5.80%
|
$3,656
|
PENNYMAC LOAN SERVICES, LLC
|
7
|
3.19%
|
$4,559
|
Ixonia Bank
|
7
|
5.05%
|
$6,002
|
GSF Mortgage Corporation
|
6
|
4.19%
|
$5,815
|
Bank First, N.A.
|
6
|
5.71%
|
$4,680
|
T2 FINANCIAL LLC
|
5
|
4.55%
|
$5,532
|
Peoples State Bank
|
5
|
5.18%
|
$4,060
|
Bell Bank
|
5
|
5.83%
|
$7,060
|
NATIONS RELIABLE LENDING, LLC
|
5
|
5.68%
|
$6,570
|
Mortgage Research Center, LLC
|
5
|
5.05%
|
$4,224
|
UNION HOME MORTGAGE CORP.
|
5
|
4.73%
|
$5,253
|
Servion, Inc.
|
5
|
5.40%
|
$6,424
|
Bank of England
|
4
|
4.44%
|
$6,059
|
GUARANTEED RATE, INC.
|
4
|
4.69%
|
$8,260
|
IncredibleBank
|
4
|
4.97%
|
$4,036
|
Loan Simple, Inc.
|
4
|
4.63%
|
$4,296
|
WESTconsin Credit Union
|
3
|
4.92%
|
$4,254
|
First Federal Bank
|
3
|
4.38%
|
$4,001
|
Horicon Bank
|
3
|
4.00%
|
$3,645
|
NEWREZ LLC
|
3
|
3.79%
|
$3,803
|
Royal Credit Union
|
3
|
5.04%
|
$5,733
|
THOMPSON KANE & COMPANY, LLC
|
3
|
3.75%
|
$5,495
|
AbbyBank
|
3
|
4.46%
|
$3,293
|
Flanagan State Bank
|
2
|
4.19%
|
$9,032
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
2
|
5.44%
|
$10,526
|
CORNERSTONE HOME LENDING, INC.
|
2
|
4.44%
|
$6,434
|
TOWNE MORTGAGE COMPANY
|
2
|
4.31%
|
$4,903
|
ALAMEDA MORTGAGE CORPORATION
|
2
|
5.06%
|
$11,695
|
AXIA FINANCIAL, LLC
|
2
|
5.63%
|
$5,683
|
BROKER SOLUTIONS, INC.
|
2
|
5.44%
|
$6,698
|
HOMEBRIDGE FINANCIAL SERVICES, INC.
|
2
|
3.69%
|
$9,416
|
Fortifi Bank
|
2
|
5.56%
|
$4,431
|
SUCCESS MORTGAGE PARTNERS, INC.
|
2
|
4.13%
|
$6,251
|
VAN DYK MORTGAGE CORPORATION
|
2
|
4.56%
|
$3,493
|
PACIFIC RESIDENTIAL MORTGAGE, LLC
|
2
|
5.25%
|
$6,752
|
INLAND BANK & TRUST
|
2
|
5.44%
|
$7,074
|
Northpointe Bank
|
1
|
5.63%
|
$9,988
|
DIAMOND RESIDENTIAL MORTGAGE CORPORATION
|
1
|
6.13%
|
$7,971
|
CRESCENT MORTGAGE COMPANY
|
1
|
6.50%
|
$7,035
|
COMPASS MORTGAGE, INC.
|
1
|
4.25%
|
$4,643
|
PLAZA HOME MORTGAGE, INC.
|
1
|
5.00%
|
$3,830
|
PRIMARY RESIDENTIAL MORTGAGE, INC.
|
1
|
4.75%
|
$8,313
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
1
|
5.75%
|
$5,257
|
CMG MORTGAGE, INC.
|
1
|
4.63%
|
$11,165
|
STEARNS LENDING, LLC
|
1
|
3.38%
|
$2,982
|
Summit Credit Union
|
1
|
3.63%
|
$4,304
|
BNC National Bank
|
1
|
5.13%
|
$5,154
|
Wells Fargo Bank
|
1
|
6.00%
|
$6,862
|
TOTAL MORTGAGE SERVICES, LLC
|
1
|
4.75%
|
$7,373
|
TRUSTONE FINANCIAL FEDERAL CREDIT UNION
|
1
|
3.13%
|
$6,161
|
A + MORTGAGE SERVICES, INC.
|
1
|
3.88%
|
$1,404
|
HOMESTEAD FUNDING CORP.
|
1
|
4.75%
|
$3,476
|
Hometown Lenders, Inc.
|
1
|
5.63%
|
$9,673
|
HOMESIDE FINANCIAL, LLC
|
1
|
3.38%
|
$4,579
|
American Mortgage & Equity Consultants, Inc.
|
1
|
2.38%
|
$5,173
|
GUARANTEED RATE AFFINITY, LLC
|
1
|
5.88%
|
$4,760
|
KELLER MORTGAGE, LLC
|
1
|
3.13%
|
$3,968
|
LAND HOME FINANCIAL SERVICES, INC.
|
1
|
3.75%
|
$6,944
|
FREEDOM MORTGAGE CORPORATION
|
1
|
3.13%
|
$8,219
|
LIBERTY HOME MORTGAGE CORPORATION
|
1
|
5.25%
|
$10,236
|
MID AMERICA MORTGAGE, INC.
|
1
|
4.75%
|
$5,747
|
MidWestOne Bank
|
1
|
5.38%
|
$3,255
|
Equity Prime Mortgage LLC
|
1
|
6.75%
|
$5,161
|
Mortgages Unlimited Inc.
|
1
|
5.25%
|
$10,050
|
ENVOY MORTGAGE, LTD
|
1
|
4.75%
|
$7,374
|
DIRECT MORTGAGE LOANS, LLC
|
1
|
5.63%
|
$5,091
|
V.I.P. MORTGAGE, INC.
|
1
|
5.63%
|
$6,231
|
The top Wisconsin USDA lender as defined by loan originations is FINANCE OF AMERICA MORTGAGE LLC, with
82 USDA loans originated. Their average total fees are
$4,805, which is $598
lower than the next largest lender,
Lend Smart Mortgage, LLC.
The lowest fee Wisconsin USDA lenders (with over 10 loans originated) are
CHERRY CREEK MORTGAGE, LLC ($1,888), EVERETT FINANCIAL, INC. ($3,224), Associated Bank ($4,291), FIRST CENTENNIAL MORTGAGE CORPORATION ($4,655) and Nations Lending Corporation ($4,716).
The lowest rate Wisconsin USDA lenders (with over 10 loans originated) are
Flagstar Bank, FSB (4.31%), DAS Acquisition Company, LLC (4.43%), Prosperity Home Mortgage, LLC (4.46%), Associated Bank (4.54%) and EVERETT FINANCIAL, INC. (4.60%).