Columbus FHA Loan Rates, Closing Costs & Stats
Columbus, NE
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.
Columbus's 21 lenders originated 106 FHA loans during 2023. The total origination value was $24,330,000, with an average FHA loan value of $229,528.
Columbus FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Columbus
averaged
5.94%
for the week of 2024-10-11, compared to the national average (all FHA variants) of
6.1% for the same period.
Columbus's average FHA mortgage closing costs are $6,634.
The average rate for the prior week (2024-10-04) was
5.96% and
one month ago for the week of 2024-09-06, the
average rate was 5.88%.
The average rate one year ago was 7.41%.
For refis of the same type during the week of 2024-10-11, the average rate
was 6%.
Columbus 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 Columbus level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
CHARTER WEST BANK | 35 | 6.74% | $7,983 |
Pinnacle Bank | 12 | 6.44% | $6,771 |
UNITED WHOLESALE MORTGAGE, LLC | 11 | 6.60% | $7,963 |
Plains Commerce Bank | 10 | 7.06% | $7,667 |
QUICKEN LOANS, LLC | 5 | 6.32% | $8,966 |
PRIMELENDING, A PLAINSCAPITAL COMPANY | 4 | 6.19% | $8,060 |
U.S. Bank | 4 | 6.72% | $7,105 |
HOMESIDE FINANCIAL, LLC | 3 | 7.25% | $6,777 |
MUTUAL OF OMAHA MORTGAGE, INC. | 2 | 5.94% | $10,896 |
FREEDOM MORTGAGE CORPORATION | 2 | 7.25% | $11,348 |
BROKER SOLUTIONS, INC. | 2 | 6.44% | $14,364 |
Carrington Mortgage Services, LLC | 2 | 5.88% | $10,243 |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 2 | 6.88% | $9,789 |
MORTGAGE SOLUTIONS OF COLORADO, LLC | 1 | 6.75% | $18,563 |
Bank of the West | 1 | 6.13% | $7,211 |
LOANDEPOT.COM, LLC | 1 | 6.13% | $14,234 |
MORIA DEVELOPMENT, INC. | 1 | 6.50% | $6,419 |
AMERISAVE MORTGAGE CORPORATION | 1 | 6.25% | $10,626 |
Mr. Cooper ( Nationstar Mortgage ) | 1 | 7.50% | $19,413 |
SIRVA MORTGAGE, INC. | 1 | 6.75% | $10,804 |
The Federal Savings Bank | 1 | 5.25% | $13,856 |
The top Columbus FHA lender as defined by loan originations is CHARTER WEST BANK, with
35 FHA loans originated. Their average total fees are
$7,983, which is $1,212
higher than the next largest lender,
Pinnacle Bank.
The lowest fee Columbus FHA lenders (with over 10 loans originated) are
Pinnacle Bank ($6,771), Plains Commerce Bank ($7,667), UNITED WHOLESALE MORTGAGE, LLC ($7,963), CHARTER WEST BANK ($7,983) and .
The lowest rate Columbus FHA lenders (with over 10 loans originated) are
Pinnacle Bank (6.44%), UNITED WHOLESALE MORTGAGE, LLC (6.60%), CHARTER WEST BANK (6.74%), Plains Commerce Bank (7.06%) and .
Columbus FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
COLUMBUS, NE | PLATTE | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
COLUMBUS, NE | PLATTE | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Columbus (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $180,750 (-8.2%) | $208,574 (1.5%) | 0.00 | 70 |
2018-02-01 | $187,575 (-12.5%) | $210,573 (-3.3%) | 0.00 | 70 |
2018-03-01 | $195,500 (1.6%) | $213,800 (-1.5%) | 0.00 | 60 |
2018-04-01 | $213,750 (16.8%) | $229,456 (6.3%) | 0.00 | 63 |
2018-05-01 | $227,850 (4.8%) | $234,248 (7.2%) | 0.00 | 60 |
2018-06-01 | $214,000 (14.5%) | $230,096 (6.5%) | 0.00 | 61 |
2018-07-01 | $192,175 (5.3%) | $213,545 (3.5%) | 0.00 | 60 |
2018-08-01 | $201,825 (9.1%) | $218,695 (4.2%) | 0.00 | 69 |
2018-09-01 | $214,900 (8.0%) | $222,132 (3.4%) | 0.00 | 68 |
2018-10-01 | $225,000 (21.1%) | $234,346 (10.1%) | 0.00 | 64 |
2018-11-01 | $216,500 (22.7%) | $229,707 (9.3%) | 0.00 | 68 |
2018-12-01 | $213,950 (9.2%) | $232,000 (7.4%) | 0.00 | 63 |
2019-01-01 | $239,900 (32.7%) | $254,677 (22.1%) | 0.00 | 61 |
2019-02-01 | $244,950 (30.6%) | $255,617 (21.4%) | 0.00 | 60 |
2019-03-01 | $249,257 (27.5%) | $255,637 (19.6%) | 0.00 | 59 |
2019-04-01 | $254,282 (19.0%) | $258,323 (12.6%) | 0.00 | 60 |
2019-05-01 | $229,900 (0.9%) | $253,807 (8.4%) | 0.00 | 76 |
2019-06-01 | $229,900 (7.4%) | $264,098 (14.8%) | 0.00 | 74 |
2019-07-01 | $229,900 (19.6%) | $260,526 (22.0%) | 0.00 | 78 |
2019-08-01 | $221,200 (9.6%) | $258,170 (18.1%) | 0.00 | 77 |
2019-09-01 | $208,150 (-3.1%) | $249,230 (12.2%) | 0.00 | 83 |
2019-10-01 | $200,200 (-11.0%) | $244,058 (4.1%) | 0.00 | 84 |
2019-11-01 | $220,000 (1.6%) | $257,895 (12.3%) | 0.00 | 77 |
2019-12-01 | $211,000 (-1.4%) | $251,691 (8.5%) | 0.00 | 63 |
2020-01-01 | $237,750 (-0.9%) | $260,079 (2.1%) | 0.00 | 59 |
2020-02-01 | $266,250 (8.7%) | $271,211 (6.1%) | 0.00 | 57 |
2020-03-01 | $274,450 (10.1%) | $280,193 (9.6%) | 0.00 | 66 |
2020-04-01 | $277,425 (9.1%) | $289,712 (12.2%) | 0.00 | 69 |
2020-05-01 | $257,750 (12.1%) | $274,305 (8.1%) | 0.00 | 80 |
2020-06-01 | $271,000 (17.9%) | $285,595 (8.1%) | 0.00 | 61 |
2020-07-01 | $287,825 (25.2%) | $295,436 (13.4%) | 0.00 | 52 |
2020-08-01 | $279,450 (26.3%) | $293,067 (13.5%) | 0.00 | 55 |
2020-09-01 | $263,225 (26.5%) | $270,256 (8.4%) | 0.00 | 58 |
2020-10-01 | $269,900 (34.8%) | $279,264 (14.4%) | 0.00 | 63 |
2020-11-01 | $251,175 (14.2%) | $277,629 (7.7%) | 0.00 | 57 |
2020-12-01 | $250,000 (18.5%) | $278,799 (10.8%) | 0.00 | 53 |
2021-01-01 | $245,000 (3.1%) | $272,620 (4.8%) | 0.00 | 43 |
2021-02-01 | $258,225 (-3.0%) | $295,072 (8.8%) | 0.00 | 29 |
2021-03-01 | $271,750 (-1.0%) | $280,033 (-0.1%) | 0.00 | 39 |
2021-04-01 | $271,750 (-2.1%) | $273,989 (-5.4%) | 0.00 | 37 |
2021-05-01 | $274,000 (6.3%) | $281,696 (2.7%) | 0.00 | 34 |
2021-06-01 | $286,000 (5.5%) | $298,496 (4.5%) | 0.00 | 39 |
2021-07-01 | $286,000 (-0.6%) | $300,457 (1.7%) | 0.00 | 45 |
2021-08-01 | $278,750 (-0.3%) | $282,079 (-3.8%) | 0.00 | 43 |
2021-09-01 | $232,350 (-11.7%) | $259,180 (-4.1%) | 0.00 | 41 |
2021-10-01 | $235,000 (-12.9%) | $254,051 (-9.0%) | 0.00 | 51 |
2021-11-01 | $252,450 (0.5%) | $274,586 (-1.1%) | 0.00 | 61 |
2021-12-01 | $279,700 (11.9%) | $295,335 (5.9%) | 0.00 | 56 |
2022-01-01 | $264,900 (8.1%) | $284,744 (4.5%) | 0.00 | 51 |
2022-02-01 | $265,000 (2.6%) | $289,301 (-2.0%) | 0.00 | 42 |
2022-03-01 | $264,900 (-2.5%) | $294,879 (5.3%) | 0.00 | 40 |
2022-04-01 | $309,000 (13.7%) | $335,009 (22.3%) | 0.00 | 44 |
2022-05-01 | $285,000 (4.0%) | $327,309 (16.2%) | 0.00 | 60 |
2022-06-01 | $285,000 (-0.4%) | $320,613 (7.4%) | 0.00 | 66 |
2022-07-01 | $291,000 (1.8%) | $351,686 (17.1%) | 0.00 | 67 |
2022-08-01 | $285,000 (2.2%) | $328,692 (16.5%) | 0.00 | 71 |
2022-09-01 | $304,450 (31.0%) | $337,041 (30.0%) | 0.00 | 80 |
2022-10-01 | $296,500 (26.2%) | $325,469 (28.1%) | 0.00 | 75 |
2022-11-01 | $295,950 (17.2%) | $334,193 (21.7%) | 0.00 | 63 |
2022-12-01 | $285,000 (1.9%) | $315,886 (7.0%) | 0.00 | 67 |
2023-01-01 | $285,000 (7.6%) | $316,330 (11.1%) | 0.00 | 67 |
2023-02-01 | $285,000 (7.6%) | $324,100 (12.0%) | 0.00 | 63 |
2023-03-01 | $299,000 (12.9%) | $325,152 (10.3%) | 0.00 | 59 |
2023-04-01 | $272,500 (-11.8%) | $322,368 (-3.8%) | 0.00 | 70 |
2023-05-01 | $280,950 (-1.4%) | $329,181 (0.6%) | 0.00 | 60 |
2023-06-01 | $315,000 (10.5%) | $369,857 (15.4%) | 0.00 | 60 |
2023-07-01 | $307,000 (5.5%) | $356,870 (1.5%) | 0.00 | 59 |
2023-08-01 | $318,700 (11.8%) | $352,952 (7.4%) | 0.00 | 75 |
2023-09-01 | $301,500 (-1.0%) | $347,264 (3.0%) | 0.00 | 75 |
2023-10-01 | $314,725 (6.2%) | $346,856 (6.6%) | 0.00 | 81 |
2023-11-01 | $319,450 (7.9%) | $343,443 (2.8%) | 0.00 | 76 |
2023-12-01 | $330,950 (16.1%) | $339,962 (7.6%) | 0.00 | 74 |
2024-01-01 | $299,725 (5.2%) | $322,737 (2.0%) | 0.00 | 76 |
2024-02-01 | $284,925 (0.0%) | $315,045 (-2.8%) | 0.00 | 73 |
2024-03-01 | $289,900 (-3.0%) | $315,156 (-3.1%) | 0.00 | 77 |
2024-04-01 | $285,000 (4.6%) | $313,117 (-2.9%) | 0.00 | 74 |
2024-05-01 | $306,125 (9.0%) | $335,786 (2.0%) | 0.00 | 74 |
2024-06-01 | $310,000 (-1.6%) | $360,423 (-2.6%) | 0.00 | 63 |
2024-07-01 | $339,500 (10.6%) | $378,556 (6.1%) | 0.00 | 65 |
2024-08-01 | $337,000 (5.7%) | $367,709 (4.2%) | 0.00 | 64 |
2024-09-01 | $344,750 (14.3%) | $390,506 (12.5%) | 0.00 | 67 |
Columbus's median listing price comes in at 0% of the national average.
Columbus's average listing price for 2024-09-01 was $390,506, a difference of $43,242 (12.5%) versus the prior year and $22,797 versus the prior month.
For the 2024-09-01 period, Columbus had 67 MLS listings, a difference of 3 listings (5%) versus the prior month and -8 listings (-11%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Columbus (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,544 sqft |
2018-02-01 | 0 days | 1,514 sqft |
2018-03-01 | 0 days | 1,437 sqft |
2018-04-01 | 0 days | 1,481 sqft |
2018-05-01 | 0 days | 1,517 sqft |
2018-06-01 | 0 days | 1,544 sqft |
2018-07-01 | 0 days | 1,536 sqft |
2018-08-01 | 0 days | 1,520 sqft |
2018-09-01 | 0 days | 1,532 sqft |
2018-10-01 | 0 days | 1,751 sqft |
2018-11-01 | 0 days | 1,652 sqft |
2018-12-01 | 0 days | 1,643 sqft |
2019-01-01 | 0 days | 1,725 sqft |
2019-02-01 | 0 days | 1,694 sqft |
2019-03-01 | 0 days | 1,676 sqft |
2019-04-01 | 0 days | 1,682 sqft |
2019-05-01 | 0 days | 1,717 sqft |
2019-06-01 | 0 days | 1,730 sqft |
2019-07-01 | 0 days | 1,744 sqft |
2019-08-01 | 0 days | 1,740 sqft |
2019-09-01 | 0 days | 1,678 sqft |
2019-10-01 | 0 days | 1,611 sqft |
2019-11-01 | 0 days | 1,710 sqft |
2019-12-01 | 0 days | 1,714 sqft |
2020-01-01 | 0 days | 1,724 sqft |
2020-02-01 | 0 days | 1,728 sqft |
2020-03-01 | 0 days | 1,673 sqft |
2020-04-01 | 0 days | 1,771 sqft |
2020-05-01 | 0 days | 1,769 sqft |
2020-06-01 | 0 days | 1,769 sqft |
2020-07-01 | 0 days | 1,861 sqft |
2020-08-01 | 0 days | 1,861 sqft |
2020-09-01 | 0 days | 1,752 sqft |
2020-10-01 | 0 days | 1,633 sqft |
2020-11-01 | 0 days | 1,651 sqft |
2020-12-01 | 0 days | 1,650 sqft |
2021-01-01 | 0 days | 1,667 sqft |
2021-02-01 | 0 days | 1,613 sqft |
2021-03-01 | 0 days | 1,626 sqft |
2021-04-01 | 0 days | 1,624 sqft |
2021-05-01 | 0 days | 1,456 sqft |
2021-06-01 | 0 days | 1,595 sqft |
2021-07-01 | 0 days | 1,587 sqft |
2021-08-01 | 0 days | 1,456 sqft |
2021-09-01 | 0 days | 1,383 sqft |
2021-10-01 | 0 days | 1,440 sqft |
2021-11-01 | 0 days | 1,460 sqft |
2021-12-01 | 0 days | 1,518 sqft |
2022-01-01 | 0 days | 1,456 sqft |
2022-02-01 | 0 days | 1,456 sqft |
2022-03-01 | 0 days | 1,460 sqft |
2022-04-01 | 0 days | 1,603 sqft |
2022-05-01 | 0 days | 1,558 sqft |
2022-06-01 | 0 days | 1,536 sqft |
2022-07-01 | 0 days | 1,600 sqft |
2022-08-01 | 0 days | 1,547 sqft |
2022-09-01 | 0 days | 1,479 sqft |
2022-10-01 | 0 days | 1,476 sqft |
2022-11-01 | 0 days | 1,550 sqft |
2022-12-01 | 0 days | 1,452 sqft |
2023-01-01 | 0 days | 1,446 sqft |
2023-02-01 | 0 days | 1,431 sqft |
2023-03-01 | 0 days | 1,443 sqft |
2023-04-01 | 0 days | 1,446 sqft |
2023-05-01 | 0 days | 1,511 sqft |
2023-06-01 | 0 days | 1,549 sqft |
2023-07-01 | 0 days | 1,539 sqft |
2023-08-01 | 0 days | 1,531 sqft |
2023-09-01 | 0 days | 1,499 sqft |
2023-10-01 | 0 days | 1,555 sqft |
2023-11-01 | 0 days | 1,505 sqft |
2023-12-01 | 0 days | 1,536 sqft |
2024-01-01 | 0 days | 1,500 sqft |
2024-02-01 | 0 days | 1,427 sqft |
2024-03-01 | 0 days | 1,492 sqft |
2024-04-01 | 0 days | 1,464 sqft |
2024-05-01 | 0 days | 1,423 sqft |
2024-06-01 | 0 days | 1,481 sqft |
2024-07-01 | 0 days | 1,590 sqft |
2024-08-01 | 0 days | 1,632 sqft |
2024-09-01 | 0 days | 1,567 sqft |
Columbus's median square footage for active listings during the 2024-09-01 period was 1,567 sqft. One year prior, the average listing was 1,499 sqft.