Columbia FHA Loan Rates, Closing Costs & Stats

COLUMBIA, SC

FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

For additional requirements as defined by the FHA, click here.

Columbia's 184 lenders originated 3,238 FHA loans during 2023. The total origination value was $776,450,000, with an average FHA loan value of $239,793.

Columbia FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Columbia averaged 6.47% for the week of 2024-06-07, compared to the national average (all FHA variants) of 6.692% for the same period.

Columbia's average FHA mortgage closing costs are $7,390.

The average rate for the prior week (2024-05-31) was 6.76% and one month ago for the week of 2024-05-03, the average rate was 6.76%.

The average rate one year ago was 6.53%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.62%.

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

Columbia FHA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Columbia level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
QUICKEN LOANS, LLC 286 6.27% $9,928
GUILD MORTGAGE COMPANY 251 6.61% $10,294
UNITED WHOLESALE MORTGAGE, LLC 158 6.46% $11,180
MOVEMENT MORTGAGE, LLC 136 6.80% $9,732
Ameris Bank 122 6.39% $10,394
CROSSCOUNTRY MORTGAGE, LLC 114 6.85% $11,216
FBC MORTGAGE, LLC 108 5.81% $9,110
VANDERBILT MORTGAGE AND FINANCE, INC. 106 6.42% $10,365
First Heritage Mortgage, LLC 105 6.57% $12,760
DHI MORTGAGE COMPANY, LTD. 79 5.43% $7,589
BROKER SOLUTIONS, INC. 62 6.57% $9,412
FREEDOM MORTGAGE CORPORATION 59 6.74% $11,760
LOANDEPOT.COM, LLC 56 6.65% $10,174
RESOURCE FINANCIAL SERVICES, INC. 52 6.64% $9,583
NVR Mortgage Finance, Inc. 47 5.88% $10,704
CARDINAL FINANCIAL 46 6.54% $11,698
THRIVE MORTGAGE, LLC 44 6.65% $9,752
Assurance Financial Group, L.L.C. 42 6.91% $10,007
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 42 6.58% $9,249
First Palmetto Bank 39 6.70% $9,736
GUARANTEED RATE AFFINITY, LLC 39 6.72% $11,324
Mr. Cooper ( Nationstar Mortgage ) 37 5.92% $12,364
PENNYMAC LOAN SERVICES, LLC 37 6.07% $11,685
GUARANTEED RATE, INC. 33 6.61% $10,623
EAGLE HOME MORTGAGE, LLC 33 6.39% $11,913
Renasant Bank 30 6.53% $10,648
NEWREZ LLC 27 6.22% $11,301
PRIMELENDING, A PLAINSCAPITAL COMPANY 25 6.64% $11,143
MIDLAND MORTGAGE CORPORATION 24 6.76% $8,547
TOWNE MORTGAGE COMPANY 23 6.55% $9,828
NTFN, INC. 23 6.33% $12,325
Carrington Mortgage Services, LLC 22 6.43% $10,253
UNION HOME MORTGAGE CORP. 22 6.91% $10,675
Network Funding, L.P. 20 6.81% $10,173
First Community Bank 18 6.56% $10,397
Flagstar Bank, FSB 15 6.26% $10,493
Equity Prime Mortgage LLC 15 6.80% $12,645
BAY EQUITY LLC 15 6.73% $10,909
MUTUAL OF OMAHA MORTGAGE, INC. 15 6.81% $12,606
INTERLINC MORTGAGE SERVICES, LLC 15 6.78% $9,348
PLAZA HOME MORTGAGE, INC. 14 6.74% $12,959
Synovus Bank 14 6.46% $8,739
Century Mortgage Company DBA Century Lending Company 14 5.76% $15,102
AMERISAVE MORTGAGE CORPORATION 13 6.19% $12,121
LAKEVIEW LOAN SERVICING, LLC 12 6.18% $11,635
Paramount Residential Mortgage Group, Inc. 11 6.62% $13,792
LEADERONE FINANCIAL CORPORATION 11 6.20% $12,526
CMG MORTGAGE, INC. 11 6.88% $12,070
GENEVA FINANCIAL, LLC 10 6.71% $10,224
South State Bank 10 6.70% $8,097
DELMAR FINANCIAL COMPANY 10 6.87% $9,910
Regions Bank 9 6.25% $10,221
RELIANCE FIRST CAPITAL, LLC 9 6.49% $11,911
SUN WEST MORTGAGE COMPANY, INC. 9 6.33% $10,382
Mortgage Research Center, LLC 9 6.64% $8,748
First-Citizens Bank & Trust Company 9 6.10% $9,580
LOANPAL, LLC 9 6.33% $8,991
AMERICAN FINANCIAL RESOURCES, INC. 9 6.79% $11,936
HOMEOWNERS FINANCIAL GROUP USA, LLC 9 6.35% $9,257
MID AMERICA MORTGAGE, INC. 8 7.14% $7,211
Plains Commerce Bank 8 6.83% $11,121
TOP FLITE FINANCIAL, INC. 8 7.08% $12,235
Magnolia Bank 8 6.30% $11,142
ARK-LA-TEX FINANCIAL SERVICES, LLC. 8 6.38% $7,845
American Security Mortgage Corp. 7 6.11% $13,185
Prosperity Home Mortgage, LLC 6 6.02% $11,276
Wells Fargo Bank 6 6.38% $10,359
United Community Bank 6 6.19% $8,036
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 6 6.92% $12,058
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 6 6.50% $9,797
ZILLOW HOME LOANS, LLC 5 6.83% $10,061
AMERICAN FINANCIAL NETWORK, INC. 5 7.03% $13,763
AMERICAN PACIFIC MORTGAGE CORPORATION 5 6.18% $10,341
Bank of America 5 5.88% $5,539
First Federal Bank 5 6.25% $9,235
GSF Mortgage Corporation 5 6.52% $10,245
JPMorgan Chase Bank 5 6.55% $6,844
Nations Lending Corporation 5 6.78% $10,115
OCMBC, INC. 5 7.10% $11,872
PLANET HOME LENDING, LLC 5 6.40% $13,711
SUMMIT FUNDING, INC. 5 6.85% $12,164
TD Bank 5 6.15% $6,695
The Federal Savings Bank 5 6.78% $10,438
TOTAL MORTGAGE SERVICES, LLC 5 6.35% $12,421
Truist 5 6.18% $9,406
CORNERSTONE HOME LENDING, INC. 4 5.78% $10,245
Trustmark National Bank 4 6.41% $9,357
EMM LOANS LLC 4 5.94% $14,080
EVERETT FINANCIAL, INC. 4 6.72% $13,260
T2 FINANCIAL LLC 4 6.56% $11,506
MILEND, INC. 4 6.22% $9,891
CALCON MUTUAL MORTGAGE LLC 4 7.06% $11,192
Gateway First Bank 4 6.38% $6,469
Lakeview Community Capital, LLC 4 6.50% $12,382
LIBERTY HOME MORTGAGE CORPORATION 4 7.19% $17,713
MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.67% $11,577
VILLAGE CAPITAL MORTGAGE 3 5.50% $8,053
Barrington Bank & Trust Company, N.A. 3 6.08% $8,413
Southern First Bank 3 6.58% $6,137
POLARIS HOME FUNDING CORP. 3 6.71% $9,582
PULTE MORTGAGE LLC 3 6.25% $6,739
DAS Acquisition Company, LLC 3 6.79% $9,044
Palmetto Citizens Federal Credit Union 3 6.42% $9,824
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 6.83% $12,918
Northpointe Bank 3 6.17% $9,509
HOMESIDE FINANCIAL, LLC 3 6.17% $9,229
LEGEND LENDING CORPORATION 3 7.04% $15,982
AMERICAN FINANCING CORPORATION 3 6.33% $9,258
AmeriHome Mortgage Company, LLC 3 6.08% $9,913
Encompass Lending Group, LP 3 6.88% $10,929
NBKC BANK 2 7.06% $8,163
Loan Simple, Inc. 2 7.38% $13,491
Meridian Bank Corporation 2 6.81% $10,768
Mortgage Assurance Inc. 2 6.88% $7,489
NATIONWIDE MORTGAGE BANKERS, INC. 2 7.19% $14,289
NFM, INC. 2 7.63% $10,428
PENTAGON FEDERAL CREDIT UNION 2 5.63% $11,251
PHH Mortgage Corporation 2 6.56% $10,365
CHURCHILL MORTGAGE CORPORATION 2 6.38% $9,796
CAPITAL CENTER, L.L.C. 2 6.81% $5,509
SeaTrust Mortgage Company 2 7.00% $8,175
SOUTHEAST MORTGAGE OF GEORGIA, INC. 2 6.75% $13,014
SOUTHPOINT FINANCIAL SERVICES, INC. 2 7.13% $4,763
STOCKTON MORTGAGE CORPORATION 2 7.69% $10,274
VERITAS FUNDING, LLC 2 7.19% $16,059
Blue Ridge Bank 2 6.19% $6,664
ABSOLUTE HOME MORTGAGE CORPORATION 2 6.88% $13,922
AMCAP MORTGAGE, LTD. 2 7.19% $14,102
HOMESTAR FINANCIAL CORPORATION 2 7.19% $13,270
INTERCOASTAL MORTGAGE COMPANY 2 6.19% $7,604
U.S. Bank 2 6.50% $9,833
PREMIA MORTGAGE, LLC 1 5.75% $6,736
PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.25% $12,375
Premium Mortgage Corporation 1 7.75% $13,764
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.75% $9,631
CIBM Bank 1 6.63% $10,965
Princeton Mortgage Corporation 1 5.50% $12,295
MICHIGAN MUTUAL, INC. 1 4.75% $11,155
George Mason Mortgage, LLC 1 7.49% $11,406
CHERRY CREEK MORTGAGE, LLC 1 7.13% $5,065
RAPID MORTGAGE COMPANY 1 7.00% $10,125
CERTAINTY HOME LOANS, LLC 1 6.50% $10,657
United Bank 1 5.75% $7,635
Capital Bank 1 7.25% $8,056
RESIDENTIAL BANCORP 1 6.49% $13,382
Residential Mortgage Solutions, Inc. 1 6.25% $9,308
CALIBER HOME LOANS, INC. 1 6.25% $12,447
JMAC LENDING, INC. 1 5.50% $12,042
Security Federal Bank 1 5.25% $12,368
Servion, Inc. 1 6.25% $9,537
Sierra Pacific Mortgage Company, Inc. 1 6.13% $8,042
Alcova Mortgage LLC 1 6.13% $10,909
US MORTGAGE CORPORATION 1 6.13% $11,955
SOUTHERN TRUST MORTGAGE, LLC 1 7.13% $10,818
Fifth Third Bank 1 6.63% $7,252
NATION ONE MORTGAGE CORPORATION 1 7.13% $15,171
SOUTHWEST STAGE FUNDING, LLC 1 6.88% $9,081
First Reliance Bank 1 7.13% $7,382
HOMESTEAD FUNDING CORP. 1 7.00% $8,340
LADERA LENDING, INC. 1 7.25% $17,207
SWBC MORTGAGE CORPORATION 1 7.25% $6,242
DIRECT MORTGAGE LOANS, LLC 1 7.13% $9,129
M&T Bank 1 7.00% $12,659
DRAPER AND KRAMER MORTGAGE CORP. 1 6.13% $9,196
First Option Mortgage, LLC 1 7.25% $11,202
Arvest Bank 1 7.00% $7,359
MLB RESIDENTIAL LENDING, LLC 1 6.00% $10,184
Willamette Valley Bank 1 6.75% $10,022
American Mortgage & Equity Consultants, Inc. 1 5.75% $8,437
NMSI, INC. 1 6.63% $17,822
NORWICH COMMERCIAL GROUP, INC. 1 6.25% $6,475
CRESCENT MORTGAGE COMPANY 1 6.63% $6,865
Countybank 1 5.75% $7,745
ACOPIA, LLC 1 6.88% $10,611
OPEN MORTGAGE, LLC 1 7.25% $13,284
NexBank 1 6.63% $8,784
NEW DAY FINANCIAL, LLC 1 7.99% $8,899
CONTOUR MORTGAGE CORPORATION 1 5.75% $13,410
1ST SIGNATURE LENDING, LLC 1 7.00% $13,220
Evolve Bank & Trust 1 7.50% $15,376
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 7.13% $10,651
VAN DYK MORTGAGE CORPORATION 1 6.88% $28,076
Citizens Bank 1 7.63% $7,770
DATA MORTGAGE, INC. 1 7.00% $11,063

The top Columbia FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 286 FHA loans originated. Their average total fees are $9,928, which is $366 lower than the next largest lender, GUILD MORTGAGE COMPANY.

The lowest fee Columbia FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($7,589), South State Bank ($8,097), MIDLAND MORTGAGE CORPORATION ($8,547), Synovus Bank ($8,739) and FBC MORTGAGE, LLC ($9,110).

The lowest rate Columbia FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.43%), Century Mortgage Company DBA Century Lending Company (5.76%), FBC MORTGAGE, LLC (5.81%), NVR Mortgage Finance, Inc. (5.88%) and Mr. Cooper ( Nationstar Mortgage ) (5.92%).

Columbia FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
COLUMBIA, SC CALHOUN 2022 $420,680 $538,650 $651,050 $809,150
COLUMBIA, SC FAIRFIELD 2022 $420,680 $538,650 $651,050 $809,150
COLUMBIA, SC KERSHAW 2022 $420,680 $538,650 $651,050 $809,150
COLUMBIA, SC LEXINGTON 2022 $420,680 $538,650 $651,050 $809,150
COLUMBIA, SC RICHLAND 2022 $420,680 $538,650 $651,050 $809,150
COLUMBIA, SC SALUDA 2022 $420,680 $538,650 $651,050 $809,150
COLUMBIA, SC CALHOUN 2023 $472,030 $604,400 $730,525 $907,900
COLUMBIA, SC FAIRFIELD 2023 $472,030 $604,400 $730,525 $907,900
COLUMBIA, SC KERSHAW 2023 $472,030 $604,400 $730,525 $907,900
COLUMBIA, SC LEXINGTON 2023 $472,030 $604,400 $730,525 $907,900
COLUMBIA, SC RICHLAND 2023 $472,030 $604,400 $730,525 $907,900
COLUMBIA, SC SALUDA 2023 $472,030 $604,400 $730,525 $907,900

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Columbia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $199,000 (5.3%) $250,635 (6.1%) 0.74 3,403
2018-02-01 $198,750 (8.9%) $252,681 (-4.3%) 0.72 3,362
2018-03-01 $200,000 (8.4%) $261,067 (14.1%) 0.70 3,417
2018-04-01 $212,000 (7.7%) $264,621 (7.0%) 0.72 3,469
2018-05-01 $216,819 (8.7%) $271,944 (8.4%) 0.72 3,422
2018-06-01 $225,000 (12.9%) $281,116 (11.9%) 0.75 3,436
2018-07-01 $225,000 (12.8%) $281,029 (11.3%) 0.75 3,595
2018-08-01 $224,200 (12.2%) $276,881 (8.9%) 0.75 3,536
2018-09-01 $224,900 (13.0%) $275,872 (8.9%) 0.76 3,482
2018-10-01 $222,181 (11.2%) $300,798 (18.9%) 0.75 3,471
2018-11-01 $229,500 (14.9%) $277,963 (10.3%) 0.78 3,372
2018-12-01 $232,990 (16.8%) $280,093 (12.0%) 0.80 3,180
2019-01-01 $229,375 (15.3%) $273,509 (9.1%) 0.79 3,067
2019-02-01 $228,578 (15.0%) $273,652 (8.3%) 0.77 3,097
2019-03-01 $234,186 (17.1%) $281,140 (7.7%) 0.77 3,058
2019-04-01 $239,900 (13.2%) $289,161 (9.3%) 0.76 3,015
2019-05-01 $239,000 (10.2%) $290,134 (6.7%) 0.75 3,031
2019-06-01 $239,000 (6.2%) $284,406 (1.2%) 0.75 3,086
2019-07-01 $234,951 (4.4%) $281,816 (0.3%) 0.74 3,147
2019-08-01 $232,200 (3.6%) $281,164 (1.6%) 0.74 3,151
2019-09-01 $228,150 (1.5%) $280,127 (1.5%) 0.73 3,111
2019-10-01 $227,900 (2.6%) $281,917 (-6.3%) 0.74 3,029
2019-11-01 $228,366 (-0.5%) $282,633 (1.7%) 0.75 2,952
2019-12-01 $227,625 (-2.3%) $282,334 (0.8%) 0.76 2,854
2020-01-01 $228,968 (-0.2%) $280,604 (2.6%) 0.77 2,673
2020-02-01 $234,000 (2.4%) $283,386 (3.6%) 0.77 2,565
2020-03-01 $239,553 (2.3%) $291,886 (3.8%) 0.75 2,436
2020-04-01 $243,527 (1.5%) $296,166 (2.4%) 0.76 2,466
2020-05-01 $248,427 (3.9%) $303,001 (4.4%) 0.76 2,262
2020-06-01 $249,900 (4.6%) $306,177 (7.7%) 0.74 1,958
2020-07-01 $250,000 (6.4%) $310,580 (10.2%) 0.72 1,796
2020-08-01 $253,950 (9.4%) $316,557 (12.6%) 0.73 1,675
2020-09-01 $249,950 (9.6%) $308,246 (10.0%) 0.72 1,628
2020-10-01 $245,000 (7.5%) $300,419 (6.6%) 0.70 1,601
2020-11-01 $249,904 (9.4%) $306,915 (8.6%) 0.73 1,534
2020-12-01 $250,086 (9.9%) $308,620 (9.3%) 0.74 1,388
2021-01-01 $249,100 (8.8%) $310,895 (10.8%) 0.74 1,257
2021-02-01 $252,590 (7.9%) $314,869 (11.1%) 0.74 1,094
2021-03-01 $253,419 (5.8%) $322,907 (10.6%) 0.72 953
2021-04-01 $264,354 (8.6%) $332,964 (12.4%) 0.72 859
2021-05-01 $259,900 (4.6%) $328,695 (8.5%) 0.69 828
2021-06-01 $254,950 (2.0%) $321,860 (5.1%) 0.67 884
2021-07-01 $265,000 (6.0%) $327,948 (5.6%) 0.70 1,076
2021-08-01 $273,421 (7.7%) $336,667 (6.4%) 0.73 1,204
2021-09-01 $275,293 (10.1%) $341,300 (10.7%) 0.73 1,240
2021-10-01 $281,295 (14.8%) $345,470 (15.0%) 0.75 1,284
2021-11-01 $290,271 (16.2%) $351,790 (14.6%) 0.78 1,161
2021-12-01 $297,077 (18.8%) $358,814 (16.3%) 0.80 1,107
2022-01-01 $299,971 (20.4%) $361,340 (16.2%) 0.81 960
2022-02-01 $301,876 (19.5%) $365,776 (16.2%) 0.79 866
2022-03-01 $305,580 (20.6%) $360,275 (11.6%) 0.77 865
2022-04-01 $306,066 (15.8%) $362,888 (9.0%) 0.73 856
2022-05-01 $312,866 (20.4%) $379,551 (15.5%) 0.72 1,071
2022-06-01 $317,300 (24.5%) $386,397 (20.1%) 0.71 1,191
2022-07-01 $319,900 (20.7%) $388,504 (18.5%) 0.72 1,561
2022-08-01 $319,308 (16.8%) $385,978 (14.7%) 0.74 1,662
2022-09-01 $309,950 (12.6%) $379,174 (11.1%) 0.72 1,720
2022-10-01 $306,356 (8.9%) $375,121 (8.6%) 0.72 1,790
2022-11-01 $303,024 (4.4%) $370,116 (5.2%) 0.73 1,791
2022-12-01 $299,000 (0.7%) $364,851 (1.7%) 0.74 1,677
2023-01-01 $299,950 (0.0%) $358,450 (-0.8%) 0.74 1,558
2023-02-01 $301,694 (-0.1%) $359,312 (-1.8%) 0.73 1,479
2023-03-01 $304,725 (-0.3%) $366,898 (1.8%) 0.72 1,438
2023-04-01 $315,000 (2.9%) $382,686 (5.5%) 0.73 1,391
2023-05-01 $325,394 (4.0%) $390,560 (2.9%) 0.74 1,348
2023-06-01 $337,000 (6.2%) $407,512 (5.5%) 0.76 1,418
2023-07-01 $327,165 (2.3%) $393,687 (1.3%) 0.74 1,502
2023-08-01 $320,000 (0.2%) $385,043 (-0.2%) 0.73 1,604
2023-09-01 $310,000 (0.0%) $374,580 (-1.2%) 0.72 1,757
2023-10-01 $304,345 (-0.7%) $373,618 (-0.4%) 0.72 1,859
2023-11-01 $302,504 (-0.2%) $375,002 (1.3%) 0.72 1,959
2023-12-01 $299,900 (0.3%) $368,034 (0.9%) 0.73 1,936
2024-01-01 $299,620 (-0.1%) $394,792 (10.1%) 0.73 1,902
2024-02-01 $300,000 (-0.6%) $376,824 (4.9%) 0.72 1,872
2024-03-01 $300,000 (-1.6%) $384,100 (4.7%) 0.71 1,882
2024-04-01 $307,705 (-2.3%) $391,655 (2.3%) 0.72 1,907
2024-05-01 $312,431 (-4.0%) $406,067 (4.0%) 0.71 1,911
Columbia's median listing price for 2024-05-01 was $312,431, a difference of $-12,963 (-4.0%) versus the prior year and $4,726 versus the prior month.

Columbia's median listing price comes in at 71% of the national average.

Columbia's average listing price for 2024-05-01 was $406,067, a difference of $15,507 (4.0%) versus the prior year and $14,412 versus the prior month.

For the 2024-05-01 period, Columbia had 1,911 MLS listings, a difference of 4 listings (0%) versus the prior month and 563 listings (42%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Columbia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 75 days 2,153 sqft
2018-02-01 68 days 2,158 sqft
2018-03-01 55 days 2,205 sqft
2018-04-01 52 days 2,238 sqft
2018-05-01 52 days 2,245 sqft
2018-06-01 52 days 2,278 sqft
2018-07-01 54 days 2,274 sqft
2018-08-01 58 days 2,248 sqft
2018-09-01 63 days 2,231 sqft
2018-10-01 67 days 2,225 sqft
2018-11-01 72 days 2,254 sqft
2018-12-01 77 days 2,266 sqft
2019-01-01 77 days 2,241 sqft
2019-02-01 65 days 2,232 sqft
2019-03-01 56 days 2,249 sqft
2019-04-01 53 days 2,263 sqft
2019-05-01 53 days 2,246 sqft
2019-06-01 52 days 2,255 sqft
2019-07-01 50 days 2,241 sqft
2019-08-01 51 days 2,228 sqft
2019-09-01 54 days 2,224 sqft
2019-10-01 56 days 2,228 sqft
2019-11-01 60 days 2,218 sqft
2019-12-01 69 days 2,204 sqft
2020-01-01 71 days 2,199 sqft
2020-02-01 60 days 2,225 sqft
2020-03-01 49 days 2,242 sqft
2020-04-01 46 days 2,251 sqft
2020-05-01 57 days 2,250 sqft
2020-06-01 50 days 2,252 sqft
2020-07-01 44 days 2,249 sqft
2020-08-01 39 days 2,248 sqft
2020-09-01 38 days 2,238 sqft
2020-10-01 37 days 2,196 sqft
2020-11-01 42 days 2,213 sqft
2020-12-01 46 days 2,208 sqft
2021-01-01 43 days 2,143 sqft
2021-02-01 32 days 2,076 sqft
2021-03-01 22 days 2,045 sqft
2021-04-01 18 days 2,061 sqft
2021-05-01 16 days 2,027 sqft
2021-06-01 15 days 1,993 sqft
2021-07-01 17 days 2,020 sqft
2021-08-01 22 days 2,051 sqft
2021-09-01 26 days 2,080 sqft
2021-10-01 29 days 2,126 sqft
2021-11-01 32 days 2,168 sqft
2021-12-01 38 days 2,196 sqft
2022-01-01 43 days 2,166 sqft
2022-02-01 23 days 2,076 sqft
2022-03-01 19 days 2,017 sqft
2022-04-01 17 days 2,000 sqft
2022-05-01 17 days 2,004 sqft
2022-06-01 23 days 2,075 sqft
2022-07-01 24 days 2,137 sqft
2022-08-01 35 days 2,172 sqft
2022-09-01 38 days 2,148 sqft
2022-10-01 44 days 2,170 sqft
2022-11-01 51 days 2,171 sqft
2022-12-01 58 days 2,153 sqft
2023-01-01 52 days 2,166 sqft
2023-02-01 41 days 2,178 sqft
2023-03-01 36 days 2,175 sqft
2023-04-01 35 days 2,205 sqft
2023-05-01 33 days 2,229 sqft
2023-06-01 34 days 2,246 sqft
2023-07-01 35 days 2,198 sqft
2023-08-01 35 days 2,165 sqft
2023-09-01 38 days 2,093 sqft
2023-10-01 41 days 2,075 sqft
2023-11-01 42 days 2,051 sqft
2023-12-01 48 days 2,000 sqft
2024-01-01 51 days 2,000 sqft
2024-02-01 43 days 2,027 sqft
2024-03-01 42 days 2,032 sqft
2024-04-01 38 days 2,029 sqft
2024-05-01 38 days 2,047 sqft
Columbia's median listing age (time on market) for 2024-05-01 was 38 days. This is 17% longer than the same period one year ago.

Columbia's median square footage for active listings during the 2024-05-01 period was 2,047 sqft. One year prior, the average listing was 2,229 sqft.

FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).