Columbia FHA Loans
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 190 lenders originated 5,236 FHA
loans during 2021. The total origination value was $983,690,000, with an average FHA loan value of
$187,871.
Columbia FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Columbia
averaged
5.39%
for the week of 2022-05-13, compared to the national average (all FHA variants) of
5.361% for the same period.
The average rate for the prior week (2022-05-06) was
5.12% and
one month ago for the week of 2022-04-08, the
average rate was 4.88%.
The average rate one year ago was 2.89%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.01%.
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 and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender
at the Columbia level.
Name |
# of Loans |
2021 Avg. 30yFix Rate |
2021 Avg. Total Fees |
GUILD MORTGAGE COMPANY
|
558
|
3.12%
|
$7,646
|
QUICKEN LOANS, LLC
|
484
|
2.76%
|
$5,877
|
FREEDOM MORTGAGE CORPORATION
|
201
|
2.86%
|
$5,108
|
LENDUS, LLC
|
186
|
3.30%
|
$7,366
|
BROKER SOLUTIONS, INC.
|
174
|
3.29%
|
$7,434
|
Ameris Bank
|
160
|
2.93%
|
$7,162
|
MOVEMENT MORTGAGE, LLC
|
141
|
3.14%
|
$6,698
|
CALIBER HOME LOANS, INC.
|
126
|
2.93%
|
$5,970
|
MIDLAND MORTGAGE CORPORATION
|
121
|
3.17%
|
$6,201
|
LAKEVIEW LOAN SERVICING, LLC
|
112
|
3.05%
|
$4,271
|
Mr. Cooper ( Nationstar Mortgage )
|
105
|
3.33%
|
$3,636
|
UNITED WHOLESALE MORTGAGE, LLC
|
100
|
2.80%
|
$7,351
|
GUARANTEED RATE AFFINITY, LLC
|
93
|
3.02%
|
$7,024
|
PENNYMAC LOAN SERVICES, LLC
|
89
|
3.12%
|
$3,931
|
LOANDEPOT.COM, LLC
|
88
|
3.63%
|
$7,766
|
VANDERBILT MORTGAGE AND FINANCE, INC.
|
86
|
3.05%
|
$8,096
|
SUCCESS MORTGAGE PARTNERS, INC.
|
84
|
3.06%
|
$7,246
|
ANGEL OAK HOME LOANS LLC
|
76
|
3.10%
|
$7,703
|
Carrington Mortgage Services, LLC
|
63
|
3.56%
|
$7,505
|
RESOURCE FINANCIAL SERVICES, INC.
|
59
|
3.10%
|
$7,219
|
DHI MORTGAGE COMPANY, LTD.
|
57
|
2.72%
|
$7,025
|
Lakeview Community Capital, LLC
|
57
|
3.08%
|
$4,068
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
57
|
3.25%
|
$7,063
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
50
|
3.35%
|
$7,517
|
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP
|
50
|
3.31%
|
$8,710
|
Renasant Bank
|
48
|
3.08%
|
$6,491
|
First Heritage Mortgage, LLC
|
47
|
2.99%
|
$8,187
|
BAY EQUITY LLC
|
47
|
3.11%
|
$8,350
|
VILLAGE CAPITAL & INVESTMENT LLC
|
44
|
3.06%
|
$2,127
|
TOWNE MORTGAGE COMPANY
|
41
|
3.31%
|
$6,010
|
Network Funding, L.P.
|
36
|
3.26%
|
$6,757
|
Assurance Financial Group, L.L.C.
|
36
|
3.07%
|
$6,699
|
Mortgage Network, Inc.
|
36
|
3.07%
|
$6,775
|
First Community Bank
|
32
|
2.92%
|
$6,145
|
AmeriHome Mortgage Company, LLC
|
32
|
2.96%
|
$4,657
|
NEWREZ LLC
|
29
|
2.96%
|
$4,355
|
CMG MORTGAGE, INC.
|
27
|
2.91%
|
$8,150
|
First Palmetto Bank
|
26
|
2.83%
|
$6,530
|
NTFN, INC.
|
22
|
3.17%
|
$7,332
|
Citizens Bank
|
22
|
2.85%
|
$7,082
|
Trustmark National Bank
|
21
|
2.78%
|
$5,198
|
Hometown Equity Mortgage, LLC
|
21
|
4.11%
|
$11,297
|
CROSSCOUNTRY MORTGAGE, LLC
|
20
|
3.17%
|
$8,606
|
CERTAINTY HOME LOANS, LLC
|
20
|
3.21%
|
$7,267
|
NVR Mortgage Finance, Inc.
|
19
|
3.32%
|
$8,293
|
AMERICAN FINANCIAL NETWORK, INC.
|
19
|
3.05%
|
$9,911
|
AMERISAVE MORTGAGE CORPORATION
|
19
|
3.09%
|
$8,408
|
INTERLINC MORTGAGE SERVICES, LLC
|
19
|
3.49%
|
$6,801
|
Magnolia Bank
|
19
|
2.92%
|
$5,656
|
PANORAMA MORTGAGE GROUP, LLC
|
18
|
3.28%
|
$8,341
|
Equity Prime Mortgage LLC
|
16
|
3.44%
|
$5,933
|
HOMEOWNERS FINANCIAL GROUP USA, LLC
|
16
|
3.12%
|
$8,226
|
HOME POINT FINANCIAL CORPORATION
|
15
|
2.96%
|
$5,678
|
Regions Bank
|
14
|
2.74%
|
$7,929
|
GUARANTEED RATE, INC.
|
14
|
3.27%
|
$7,684
|
First-Citizens Bank & Trust Company
|
13
|
2.95%
|
$6,134
|
NATIONS DIRECT MORTGAGE, LLC
|
12
|
3.41%
|
$7,284
|
Nations Lending Corporation
|
12
|
3.19%
|
$8,463
|
First Federal Bank
|
12
|
2.93%
|
$8,160
|
Paramount Residential Mortgage Group, Inc.
|
11
|
3.45%
|
$9,375
|
Synovus Bank
|
11
|
2.99%
|
$7,157
|
South State Bank
|
10
|
2.84%
|
$7,053
|
Colten Mortgage, LLC
|
9
|
3.35%
|
$6,966
|
FINANCE OF AMERICA MORTGAGE LLC
|
9
|
3.25%
|
$7,609
|
SOUTHWEST FUNDING, LP
|
9
|
3.72%
|
$8,988
|
HOMESTAR FINANCIAL CORPORATION
|
8
|
3.31%
|
$6,039
|
GENEVA FINANCIAL, LLC
|
8
|
3.28%
|
$7,802
|
Bank of America
|
8
|
2.81%
|
$3,742
|
HOMESIDE FINANCIAL, LLC
|
8
|
3.23%
|
$7,517
|
MORTGAGE SOLUTIONS OF COLORADO, LLC
|
8
|
3.23%
|
$7,192
|
KELLER MORTGAGE, LLC
|
7
|
2.77%
|
$6,025
|
AMERICAN FINANCIAL RESOURCES, INC.
|
7
|
3.41%
|
$6,436
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
7
|
2.80%
|
$6,930
|
SUMMIT FUNDING, INC.
|
6
|
3.42%
|
$10,427
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
6
|
3.13%
|
$7,497
|
FAMILY FIRST FUNDING LLC
|
6
|
3.56%
|
$7,905
|
TD Bank
|
6
|
2.88%
|
$4,645
|
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC
|
5
|
3.20%
|
$7,237
|
PRIMARY RESIDENTIAL MORTGAGE, INC.
|
5
|
3.98%
|
$8,878
|
Barrington Bank & Trust Company, N.A.
|
5
|
3.73%
|
$6,293
|
First Guaranty Mortgage Corporation
|
5
|
2.93%
|
$6,136
|
SUN WEST MORTGAGE COMPANY, INC.
|
5
|
3.15%
|
$7,331
|
MID AMERICA MORTGAGE, INC.
|
5
|
2.98%
|
$4,338
|
Southern First Bank
|
5
|
2.63%
|
$6,753
|
RESIDENTIAL MORTGAGE SERVICES, INC.
|
5
|
2.80%
|
$7,513
|
RELIANCE FIRST CAPITAL, LLC
|
5
|
3.05%
|
$8,252
|
OCEANSIDE MORTGAGE COMPANY
|
5
|
3.00%
|
$2,204
|
First Reliance Bank
|
5
|
2.93%
|
$6,772
|
ATLANTIC BAY MORTGAGE GROUP, L.L.C.
|
5
|
3.12%
|
$8,957
|
LOANPAL, LLC
|
4
|
3.09%
|
$6,750
|
1ST SIGNATURE LENDING, LLC
|
4
|
3.00%
|
$8,108
|
The Federal Savings Bank
|
4
|
2.94%
|
$9,134
|
AMERICAN FINANCING CORPORATION
|
4
|
3.03%
|
$8,620
|
Flagstar Bank, FSB
|
4
|
2.88%
|
$6,654
|
CHURCHILL MORTGAGE CORPORATION
|
4
|
3.50%
|
$6,287
|
PLANET HOME LENDING, LLC
|
4
|
3.00%
|
$5,600
|
Mortgage Research Center, LLC
|
4
|
3.15%
|
$5,590
|
American Security Mortgage Corp.
|
4
|
2.97%
|
$8,520
|
Servion, Inc.
|
4
|
3.16%
|
$7,828
|
InterContinental Capital Group, Inc
|
4
|
2.94%
|
$5,711
|
PLAZA HOME MORTGAGE, INC.
|
3
|
3.04%
|
$9,387
|
JPMorgan Chase Bank
|
3
|
3.16%
|
$3,084
|
Wells Fargo Bank
|
3
|
3.38%
|
$6,095
|
T2 FINANCIAL LLC
|
3
|
3.71%
|
$8,025
|
LOANLEADERS OF AMERICA, INC.
|
3
|
3.17%
|
$11,875
|
SOVEREIGN LENDING GROUP INCORPORATED
|
3
|
3.33%
|
$7,657
|
Manufacturers and Traders Trust Company
|
3
|
3.04%
|
$8,813
|
SOUTHERN TRUST MORTGAGE, LLC
|
3
|
3.04%
|
$4,713
|
NATIONWIDE MORTGAGE BANKERS, INC.
|
3
|
3.58%
|
$8,772
|
PHH Mortgage Corporation
|
3
|
3.54%
|
$3,001
|
EVERETT FINANCIAL, INC.
|
3
|
3.17%
|
$5,681
|
INTERCOASTAL MORTGAGE COMPANY
|
3
|
3.42%
|
$7,354
|
CALCON MUTUAL MORTGAGE LLC
|
2
|
3.94%
|
$9,606
|
Bank of England
|
2
|
3.06%
|
$9,503
|
ZILLOW HOME LOANS, LLC
|
2
|
2.88%
|
$7,342
|
Security Federal Bank
|
2
|
2.75%
|
$7,907
|
INLAND BANK & TRUST
|
2
|
3.44%
|
$6,501
|
RUOFF MORTGAGE COMPANY, INC.
|
2
|
3.19%
|
$4,672
|
Alcova Mortgage LLC
|
2
|
3.06%
|
$6,467
|
LIBERTY HOME MORTGAGE CORPORATION
|
2
|
3.50%
|
$6,237
|
North American Savings Bank, F.S.B.
|
2
|
3.06%
|
$7,446
|
Northpointe Bank
|
2
|
3.00%
|
$7,522
|
ROSS MORTGAGE CORPORATION
|
2
|
2.69%
|
$9,162
|
CAROLINA ONE MORTGAGE, LLC
|
2
|
3.25%
|
$6,557
|
Prosperity Home Mortgage, LLC
|
2
|
3.06%
|
$7,362
|
POLARIS HOME FUNDING CORP.
|
2
|
2.75%
|
$11,068
|
Uwharrie Bank
|
2
|
3.50%
|
$6,829
|
1ST PREFERENCE MORTGAGE CORP.
|
2
|
3.56%
|
$9,651
|
CONTOUR MORTGAGE CORPORATION
|
2
|
2.81%
|
$9,430
|
ACOPIA, LLC
|
2
|
3.13%
|
$8,107
|
SOUTHEAST MORTGAGE OF GEORGIA, INC.
|
2
|
2.69%
|
$8,613
|
MORIA DEVELOPMENT, INC.
|
2
|
3.31%
|
$7,958
|
RAPID MORTGAGE COMPANY
|
2
|
3.13%
|
$7,745
|
ON Q FINANCIAL, INC.
|
2
|
3.13%
|
$7,703
|
LAND HOME FINANCIAL SERVICES, INC.
|
1
|
3.75%
|
$14,441
|
ABSOLUTE HOME MORTGAGE CORPORATION
|
1
|
2.63%
|
$10,690
|
Allen Tate Mortgage Partners, LLC
|
1
|
3.50%
|
$5,967
|
AMERICAN HERITAGE FCU
|
1
|
3.88%
|
$6,739
|
AMERIFIRST FINANCIAL CORPORATION
|
1
|
3.00%
|
$7,068
|
Amerifirst Financial, Inc.
|
1
|
3.00%
|
$3,462
|
ARC HOME LLC
|
1
|
2.88%
|
$3,391
|
AUGUSTA MORTGAGE CO.
|
1
|
3.25%
|
$6,717
|
Austin Capital Bank SSB
|
1
|
4.38%
|
$8,087
|
BAYSHORE MORTGAGE FUNDING, LLC
|
1
|
3.38%
|
$7,430
|
BETTER MORTGAGE CORPORATION
|
1
|
2.88%
|
$9,339
|
CAPITAL CENTER, L.L.C.
|
1
|
2.75%
|
$4,629
|
CELEBRITY HOME LOANS, LLC
|
1
|
3.25%
|
$11,304
|
CHERRY CREEK MORTGAGE, LLC
|
1
|
3.75%
|
$7,910
|
Colonial Savings, F.A.
|
1
|
3.75%
|
$8,464
|
CORNERSTONE HOME LENDING, INC.
|
1
|
3.63%
|
$12,266
|
EMBRACE HOME LOANS, INC.
|
1
|
3.13%
|
$7,842
|
Encompass Lending Group, LP
|
1
|
3.00%
|
$7,626
|
Evolve Bank & Trust
|
1
|
2.88%
|
$6,645
|
FIRST CHOICE MORTGAGE, INC.
|
1
|
3.38%
|
$4,766
|
FIRST COMMUNITY MORTGAGE, INC.
|
1
|
3.25%
|
$7,119
|
First Horizon Bank
|
1
|
2.63%
|
$7,504
|
Florida Capital Bank
|
1
|
2.38%
|
$9,520
|
Gateway First Bank
|
1
|
3.50%
|
$1,860
|
GMFS LLC
|
1
|
3.25%
|
$8,202
|
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION
|
1
|
2.63%
|
$11,044
|
GSF Mortgage Corporation
|
1
|
2.38%
|
$8,337
|
GUARANTY HOME MORTGAGE CORPORATION
|
1
|
3.00%
|
$4,984
|
HAMILTON HOME LOANS, INC.
|
1
|
3.50%
|
$8,079
|
INSPIRE HOME LOANS INC.
|
1
|
2.63%
|
$6,431
|
KeyBank
|
1
|
3.38%
|
$10,266
|
Loan Simple, Inc.
|
1
|
3.75%
|
$8,910
|
MEMBER ADVANTAGE MORTGAGE, LLC
|
1
|
3.50%
|
$6,020
|
NFM, INC.
|
1
|
4.75%
|
$10,162
|
NORWICH COMMERCIAL GROUP, INC.
|
1
|
3.13%
|
$16,874
|
NP, Inc.
|
1
|
2.50%
|
$9,042
|
Peoples Bank
|
1
|
3.00%
|
$13,756
|
ROUNDPOINT MORTGAGE SERVICING CORPORATION
|
1
|
2.88%
|
$6,228
|
SECURITYNATIONAL MORTGAGE COMPANY
|
1
|
4.38%
|
$8,809
|
Sierra Pacific Mortgage Company, Inc.
|
1
|
3.00%
|
$8,796
|
SIRVA MORTGAGE, INC.
|
1
|
3.00%
|
$8,482
|
SOUTHWEST STAGE FUNDING, LLC
|
1
|
2.75%
|
$4,385
|
SRP Federal Credit Union
|
1
|
3.25%
|
$8,212
|
SWBC MORTGAGE CORPORATION
|
1
|
3.63%
|
$13,903
|
THE MORTGAGE FIRM, INC.
|
1
|
3.63%
|
$6,068
|
The Union Bank Company
|
1
|
2.25%
|
$8,212
|
TIAA, FSB
|
1
|
2.75%
|
$9,658
|
Towne Bank
|
1
|
2.63%
|
$6,372
|
United Bank
|
1
|
3.25%
|
$6,049
|
United Community Bank
|
1
|
3.00%
|
$6,258
|
United Fidelity Funding Corp.
|
1
|
2.75%
|
$5,314
|
UNITED SECURITY FINANCIAL CORP
|
1
|
3.38%
|
$13,267
|
US MORTGAGE CORPORATION
|
1
|
2.75%
|
$2,819
|
VERITAS FUNDING, LLC
|
1
|
3.25%
|
$11,612
|
Wolfe Financial, Inc
|
1
|
3.13%
|
$7,387
|
Wyndham Capital Mortgage, Inc.
|
1
|
3.38%
|
$6,410
|
The top Columbia FHA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
558 FHA loans originated. Their average total fees are
$7,646, which is $1,769
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Columbia FHA lenders (with over 10 loans originated) are
VILLAGE CAPITAL & INVESTMENT LLC ($2,127), Mr. Cooper ( Nationstar Mortgage ) ($3,636), PENNYMAC LOAN SERVICES, LLC ($3,931), Lakeview Community Capital, LLC ($4,068) and LAKEVIEW LOAN SERVICING, LLC ($4,271).
The lowest rate Columbia FHA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (2.72%), Regions Bank (2.74%), QUICKEN LOANS, LLC (2.76%), Trustmark National Bank (2.78%) and UNITED WHOLESALE MORTGAGE, LLC (2.80%).
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 |
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 |
$198,450 (5.5%) |
$248,447 (5.7%) |
0.73 |
3,391 |
2018-02-01 |
$197,750 (8.4%) |
$250,266 (-4.6%) |
0.71 |
3,342 |
2018-03-01 |
$199,990 (9.1%) |
$258,713 (14.0%) |
0.69 |
3,391 |
2018-04-01 |
$210,950 (8.2%) |
$262,507 (6.6%) |
0.71 |
3,441 |
2018-05-01 |
$215,450 (8.2%) |
$270,357 (8.5%) |
0.72 |
3,393 |
2018-06-01 |
$225,000 (13.1%) |
$276,496 (10.7%) |
0.75 |
3,411 |
2018-07-01 |
$224,900 (13.0%) |
$276,982 (10.2%) |
0.75 |
3,574 |
2018-08-01 |
$220,995 (10.8%) |
$272,867 (7.8%) |
0.74 |
3,521 |
2018-09-01 |
$222,192 (11.8%) |
$272,157 (7.7%) |
0.74 |
3,465 |
2018-10-01 |
$220,750 (10.4%) |
$296,439 (17.2%) |
0.74 |
3,455 |
2018-11-01 |
$226,695 (13.4%) |
$272,252 (8.7%) |
0.76 |
3,378 |
2018-12-01 |
$229,900 (15.5%) |
$274,385 (10.5%) |
0.79 |
3,187 |
2019-01-01 |
$228,200 (15.0%) |
$268,546 (8.1%) |
0.79 |
3,058 |
2019-02-01 |
$226,945 (14.8%) |
$269,062 (7.5%) |
0.76 |
3,089 |
2019-03-01 |
$234,134 (17.1%) |
$276,127 (6.7%) |
0.76 |
3,023 |
2019-04-01 |
$239,843 (13.7%) |
$284,484 (8.4%) |
0.76 |
2,974 |
2019-05-01 |
$239,000 (10.9%) |
$284,953 (5.4%) |
0.74 |
3,020 |
2019-06-01 |
$239,000 (6.2%) |
$284,559 (2.9%) |
0.74 |
3,067 |
2019-07-01 |
$234,950 (4.5%) |
$281,304 (1.6%) |
0.73 |
3,161 |
2019-08-01 |
$232,710 (5.3%) |
$280,076 (2.6%) |
0.73 |
3,084 |
2019-09-01 |
$229,945 (3.5%) |
$278,642 (2.4%) |
0.73 |
2,957 |
2019-10-01 |
$227,250 (2.9%) |
$278,544 (-6.0%) |
0.72 |
3,013 |
2019-11-01 |
$228,000 (0.6%) |
$279,808 (2.8%) |
0.74 |
2,939 |
2019-12-01 |
$227,188 (-1.2%) |
$279,069 (1.7%) |
0.76 |
2,823 |
2020-01-01 |
$228,240 (0.0%) |
$277,050 (3.2%) |
0.76 |
2,632 |
2020-02-01 |
$232,935 (2.6%) |
$278,901 (3.7%) |
0.75 |
2,533 |
2020-03-01 |
$239,500 (2.3%) |
$287,698 (4.2%) |
0.75 |
2,376 |
2020-04-01 |
$242,080 (0.9%) |
$291,562 (2.5%) |
0.75 |
2,423 |
2020-05-01 |
$247,000 (3.4%) |
$298,988 (4.9%) |
0.75 |
2,206 |
2020-06-01 |
$249,450 (4.4%) |
$300,869 (5.7%) |
0.73 |
1,905 |
2020-07-01 |
$249,950 (6.4%) |
$304,497 (8.2%) |
0.72 |
1,755 |
2020-08-01 |
$250,000 (7.4%) |
$309,396 (10.5%) |
0.71 |
1,623 |
2020-09-01 |
$249,900 (8.7%) |
$303,892 (9.1%) |
0.71 |
1,575 |
2020-10-01 |
$244,990 (7.8%) |
$295,854 (6.2%) |
0.70 |
1,549 |
2020-11-01 |
$249,900 (9.6%) |
$301,054 (7.6%) |
0.72 |
1,481 |
2020-12-01 |
$249,945 (10.0%) |
$301,164 (7.9%) |
0.73 |
1,355 |
2021-01-01 |
$247,889 (8.6%) |
$302,994 (9.4%) |
0.73 |
1,210 |
2021-02-01 |
$249,595 (7.2%) |
$305,268 (9.5%) |
0.72 |
1,051 |
2021-03-01 |
$251,042 (4.8%) |
$313,746 (9.1%) |
0.70 |
900 |
2021-04-01 |
$262,650 (8.5%) |
$324,662 (11.4%) |
0.71 |
805 |
2021-05-01 |
$256,900 (4.0%) |
$320,652 (7.3%) |
0.68 |
770 |
2021-06-01 |
$254,900 (2.2%) |
$318,235 (5.8%) |
0.66 |
840 |
2021-07-01 |
$262,500 (5.0%) |
$325,587 (6.9%) |
0.68 |
995 |
2021-08-01 |
$271,245 (8.5%) |
$333,236 (7.7%) |
0.71 |
1,148 |
2021-09-01 |
$274,950 (10.0%) |
$342,313 (12.6%) |
0.72 |
1,184 |
2021-10-01 |
$279,900 (14.3%) |
$344,233 (16.4%) |
0.74 |
1,225 |
2021-11-01 |
$289,925 (16.0%) |
$351,777 (16.9%) |
0.76 |
1,123 |
2021-12-01 |
$296,000 (18.4%) |
$357,909 (18.8%) |
0.79 |
1,083 |
2022-01-01 |
$299,900 (21.0%) |
$362,473 (19.6%) |
0.80 |
921 |
2022-02-01 |
$300,110 (20.2%) |
$364,732 (19.5%) |
0.76 |
818 |
2022-03-01 |
$303,900 (21.1%) |
$358,293 (14.2%) |
0.75 |
809 |
2022-04-01 |
$305,900 (16.5%) |
$363,784 (12.1%) |
0.72 |
813 |
Columbia's median listing price for 2022-04-01 was $305,900, a difference of
$43,250
(16.5%) versus the prior year and
$2,000 versus the prior month.
Columbia's median listing price comes in at 72% of the national average.
Columbia's average listing price for 2022-04-01 was $363,784, a difference of
$39,122
(12.1%) versus the prior year and
$5,491 versus the prior month.
For the 2022-04-01 period, Columbia had 813 MLS listings, a difference of
4 listings
(0%)
versus the prior month and
8 listings
(1%)
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 |
79 days |
2,150 sqft |
2018-02-01 |
73 days |
2,155 sqft |
2018-03-01 |
59 days |
2,206 sqft |
2018-04-01 |
56 days |
2,239 sqft |
2018-05-01 |
54 days |
2,246 sqft |
2018-06-01 |
56 days |
2,278 sqft |
2018-07-01 |
58 days |
2,277 sqft |
2018-08-01 |
60 days |
2,247 sqft |
2018-09-01 |
66 days |
2,227 sqft |
2018-10-01 |
72 days |
2,228 sqft |
2018-11-01 |
77 days |
2,249 sqft |
2018-12-01 |
83 days |
2,261 sqft |
2019-01-01 |
83 days |
2,241 sqft |
2019-02-01 |
71 days |
2,233 sqft |
2019-03-01 |
58 days |
2,246 sqft |
2019-04-01 |
56 days |
2,257 sqft |
2019-05-01 |
54 days |
2,246 sqft |
2019-06-01 |
53 days |
2,254 sqft |
2019-07-01 |
51 days |
2,241 sqft |
2019-08-01 |
56 days |
2,229 sqft |
2019-09-01 |
57 days |
2,230 sqft |
2019-10-01 |
57 days |
2,216 sqft |
2019-11-01 |
60 days |
2,213 sqft |
2019-12-01 |
69 days |
2,205 sqft |
2020-01-01 |
70 days |
2,200 sqft |
2020-02-01 |
60 days |
2,225 sqft |
2020-03-01 |
50 days |
2,241 sqft |
2020-04-01 |
46 days |
2,249 sqft |
2020-05-01 |
55 days |
2,250 sqft |
2020-06-01 |
51 days |
2,251 sqft |
2020-07-01 |
46 days |
2,247 sqft |
2020-08-01 |
41 days |
2,246 sqft |
2020-09-01 |
39 days |
2,236 sqft |
2020-10-01 |
37 days |
2,197 sqft |
2020-11-01 |
43 days |
2,220 sqft |
2020-12-01 |
45 days |
2,207 sqft |
2021-01-01 |
43 days |
2,120 sqft |
2021-02-01 |
33 days |
2,065 sqft |
2021-03-01 |
24 days |
2,037 sqft |
2021-04-01 |
21 days |
2,049 sqft |
2021-05-01 |
19 days |
2,017 sqft |
2021-06-01 |
16 days |
1,988 sqft |
2021-07-01 |
18 days |
2,016 sqft |
2021-08-01 |
22 days |
2,054 sqft |
2021-09-01 |
26 days |
2,076 sqft |
2021-10-01 |
29 days |
2,125 sqft |
2021-11-01 |
33 days |
2,172 sqft |
2021-12-01 |
39 days |
2,199 sqft |
2022-01-01 |
44 days |
2,168 sqft |
2022-02-01 |
27 days |
2,080 sqft |
2022-03-01 |
21 days |
2,015 sqft |
2022-04-01 |
18 days |
2,000 sqft |
Columbia's median listing age (time on market) for 2022-04-01 was 18 days.
This
is -12%
shorter
than the same period one year ago.
Columbia's median square footage for active listings during the 2022-04-01 period was
2,000 sqft. One year prior, the average listing was
2,049 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).