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 6.16% for the week of 2024-03-15, compared to the national average (all USDA variants) of 6.587% for the same period.

Wisconsin's average USDA mortgage closing costs are $4,457.

The average rate for the prior week (2024-03-08) was 6.26% and one month ago for the week of 2024-02-09, the average rate was 6.29%.

The average rate one year ago was 6.09%.

For refis of the same type during the week of 2024-03-15, the average rate was 5.2%.

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%).