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 6.1% 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%).