Columbia FHA Loan Rates, Closing Costs & Stats

COLUMBIA, SC

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    • 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 6.31% for the week of 2024-11-08, compared to the national average (all FHA variants) of 6.425% for the same period.

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

    The average rate for the prior week (2024-11-01) was 6.18% and one month ago for the week of 2024-10-04, the average rate was 5.6%.

    The average rate one year ago was 7.05%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.55%.

    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
    2024-06-01 $315,000 (-6.5%) $403,395 (-1.0%) 0.71 2,031
    2024-07-01 $315,000 (-3.7%) $401,340 (1.9%) 0.72 2,181
    2024-08-01 $312,000 (-2.5%) $394,532 (2.5%) 0.73 2,294
    2024-09-01 $309,923 (0.0%) $392,366 (4.8%) 0.73 2,337
    2024-10-01 $308,181 (1.3%) $389,072 (4.1%) 0.73 2,324
    Columbia's median listing price for 2024-10-01 was $308,181, a difference of $3,836 (1.3%) versus the prior year and $-1,742 versus the prior month.

    Columbia's median listing price comes in at 73% of the national average.

    Columbia's average listing price for 2024-10-01 was $389,072, a difference of $15,454 (4.1%) versus the prior year and $-3,294 versus the prior month.

    For the 2024-10-01 period, Columbia had 2,324 MLS listings, a difference of -13 listings (-1%) versus the prior month and 465 listings (25%) 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
    2024-06-01 38 days 2,042 sqft
    2024-07-01 41 days 2,044 sqft
    2024-08-01 45 days 2,025 sqft
    2024-09-01 50 days 2,009 sqft
    2024-10-01 51 days 2,000 sqft
    Columbia's median listing age (time on market) for 2024-10-01 was 51 days. This is 24% longer than the same period one year ago.

    Columbia's median square footage for active listings during the 2024-10-01 period was 2,000 sqft. One year prior, the average listing was 2,075 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).