Wisconsin USDA Loan Rates, Closing Costs & Stats

Wisconsin

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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 6.57% for the week of 2024-11-08, compared to the national average (all USDA variants) of 6.477% for the same period.

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

    The average rate for the prior week (2024-11-01) was 6.24% and one month ago for the week of 2024-10-04, the average rate was 6.07%.

    The average rate one year ago was 7.61%.

    For refis of the same type during the week of 2024-11-08, the average rate was 5.65%.

    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%).