Columbus FHA Loan Rates, Closing Costs & Stats

Columbus, NE

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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.

    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 6.75% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Columbus's average FHA mortgage closing costs are $6,634.

    The average rate for the prior week (2025-02-07) was 6.77% and one month ago for the week of 2025-01-10, the average rate was 6.63%.

    The average rate one year ago was 6.56%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.32%.

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

    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. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $174,950 (-12.1%) $206,393 (-5.6%) 0.00 72
    2018-02-01 $184,600 (-13.9%) $209,148 (-9.0%) 0.00 73
    2018-03-01 $194,900 (-6.5%) $213,947 (-7.6%) 0.00 63
    2018-04-01 $212,225 (16.0%) $223,304 (-1.7%) 0.00 68
    2018-05-01 $225,000 (12.7%) $227,467 (7.6%) 0.00 68
    2018-06-01 $210,000 (12.4%) $224,685 (7.8%) 0.00 77
    2018-07-01 $189,675 (2.5%) $212,495 (2.7%) 0.00 77
    2018-08-01 $197,100 (6.6%) $210,208 (0.4%) 0.00 87
    2018-09-01 $191,950 (-3.0%) $210,486 (-1.6%) 0.00 87
    2018-10-01 $219,425 (18.1%) $223,450 (5.4%) 0.00 80
    2018-11-01 $214,900 (22.8%) $220,442 (5.8%) 0.00 86
    2018-12-01 $208,900 (16.1%) $222,657 (4.8%) 0.00 79
    2019-01-01 $223,725 (27.9%) $239,824 (16.2%) 0.00 72
    2019-02-01 $226,225 (22.6%) $239,132 (14.3%) 0.00 73
    2019-03-01 $225,000 (15.4%) $233,130 (9.0%) 0.00 75
    2019-04-01 $225,000 (6.0%) $231,953 (3.9%) 0.00 78
    2019-05-01 $229,900 (2.2%) $233,413 (2.6%) 0.00 94
    2019-06-01 $229,900 (9.5%) $249,280 (11.0%) 0.00 85
    2019-07-01 $229,900 (21.2%) $248,759 (17.1%) 0.00 86
    2019-08-01 $218,745 (11.0%) $246,180 (17.1%) 0.00 84
    2019-09-01 $202,014 (5.2%) $237,604 (12.9%) 0.00 89
    2019-10-01 $193,334 (-11.9%) $232,685 (4.1%) 0.00 90
    2019-11-01 $200,000 (-6.9%) $245,747 (11.5%) 0.00 83
    2019-12-01 $199,725 (-4.4%) $240,801 (8.2%) 0.00 69
    2020-01-01 $232,200 (3.8%) $251,643 (4.9%) 0.00 63
    2020-02-01 $259,000 (14.5%) $267,135 (11.7%) 0.00 60
    2020-03-01 $270,200 (20.1%) $278,597 (19.5%) 0.00 71
    2020-04-01 $274,925 (22.2%) $287,789 (24.1%) 0.00 73
    2020-05-01 $256,250 (11.5%) $272,380 (16.7%) 0.00 84
    2020-06-01 $254,675 (10.8%) $279,879 (12.3%) 0.00 67
    2020-07-01 $275,975 (20.0%) $288,260 (15.9%) 0.00 58
    2020-08-01 $260,000 (18.9%) $286,599 (16.4%) 0.00 61
    2020-09-01 $244,250 (20.9%) $257,043 (8.2%) 0.00 69
    2020-10-01 $255,000 (31.9%) $262,962 (13.0%) 0.00 74
    2020-11-01 $246,075 (23.0%) $266,814 (8.6%) 0.00 66
    2020-12-01 $249,900 (25.1%) $270,994 (12.5%) 0.00 60
    2021-01-01 $237,450 (2.3%) $263,684 (4.8%) 0.00 49
    2021-02-01 $237,000 (-8.5%) $281,659 (5.4%) 0.00 35
    2021-03-01 $266,500 (-1.4%) $273,650 (-1.8%) 0.00 42
    2021-04-01 $270,625 (-1.6%) $266,997 (-7.2%) 0.00 39
    2021-05-01 $266,950 (4.2%) $276,368 (1.5%) 0.00 36
    2021-06-01 $284,500 (11.7%) $287,278 (2.6%) 0.00 42
    2021-07-01 $285,450 (3.4%) $287,915 (-0.1%) 0.00 50
    2021-08-01 $240,000 (-7.7%) $266,032 (-7.2%) 0.00 48
    2021-09-01 $215,625 (-11.7%) $241,890 (-5.9%) 0.00 47
    2021-10-01 $229,500 (-10.0%) $246,880 (-6.1%) 0.00 56
    2021-11-01 $239,925 (-2.5%) $268,639 (0.7%) 0.00 65
    2021-12-01 $272,475 (9.0%) $290,754 (7.3%) 0.00 58
    2022-01-01 $264,900 (11.6%) $283,105 (7.4%) 0.00 52
    2022-02-01 $264,950 (11.8%) $288,998 (2.6%) 0.00 44
    2022-03-01 $264,900 (-0.6%) $296,163 (8.2%) 0.00 42
    2022-04-01 $309,000 (14.2%) $337,555 (26.4%) 0.00 45
    2022-05-01 $285,000 (6.8%) $325,635 (17.8%) 0.00 63
    2022-06-01 $285,000 (0.2%) $320,296 (11.5%) 0.00 69
    2022-07-01 $285,000 (-0.2%) $343,358 (19.3%) 0.00 72
    2022-08-01 $285,000 (18.8%) $320,825 (20.6%) 0.00 76
    2022-09-01 $288,500 (33.8%) $329,185 (36.1%) 0.00 84
    2022-10-01 $293,200 (27.8%) $323,829 (31.2%) 0.00 77
    2022-11-01 $298,725 (24.5%) $331,921 (23.6%) 0.00 67
    2022-12-01 $285,000 (4.6%) $314,262 (8.1%) 0.00 68
    2023-01-01 $281,250 (6.2%) $308,370 (8.9%) 0.00 71
    2023-02-01 $280,750 (6.0%) $309,853 (7.2%) 0.00 69
    2023-03-01 $285,000 (7.6%) $317,776 (7.3%) 0.00 63
    2023-04-01 $269,900 (-12.7%) $312,677 (-7.4%) 0.00 75
    2023-05-01 $278,450 (-2.3%) $325,055 (-0.2%) 0.00 66
    2023-06-01 $315,000 (10.5%) $366,838 (14.5%) 0.00 64
    2023-07-01 $307,000 (7.7%) $351,273 (2.3%) 0.00 65
    2023-08-01 $316,225 (11.0%) $345,310 (7.6%) 0.00 84
    2023-09-01 $300,000 (4.0%) $337,789 (2.6%) 0.00 84
    2023-10-01 $314,500 (7.3%) $341,086 (5.3%) 0.00 91
    2023-11-01 $319,000 (6.8%) $339,046 (2.2%) 0.00 87
    2023-12-01 $319,900 (12.3%) $330,839 (5.3%) 0.00 84
    2024-01-01 $295,975 (5.2%) $317,905 (3.1%) 0.00 85
    2024-02-01 $284,675 (1.4%) $312,509 (0.9%) 0.00 80
    2024-03-01 $289,950 (1.7%) $311,637 (-1.9%) 0.00 85
    2024-04-01 $296,750 (10.0%) $315,735 (1.0%) 0.00 83
    2024-05-01 $305,000 (9.5%) $332,798 (2.4%) 0.00 82
    2024-06-01 $312,500 (-0.8%) $346,837 (-5.5%) 0.00 73
    2024-07-01 $333,738 (8.7%) $371,099 (5.6%) 0.00 74
    2024-08-01 $328,700 (3.9%) $350,682 (1.6%) 0.00 78
    2024-09-01 $338,675 (12.9%) $367,163 (8.7%) 0.00 82
    2024-10-01 $322,500 (2.5%) $341,011 (0.0%) 0.00 96
    2024-11-01 $295,000 (-7.5%) $329,983 (-2.7%) 0.00 105
    2024-12-01 $299,500 (-6.4%) $332,562 (0.5%) 0.00 99
    2025-01-01 $294,500 (-0.5%) $328,877 (3.5%) 0.00 101
    Columbus's median listing price for 2025-01-01 was $294,500, a difference of $-1,475 (-0.5%) versus the prior year and $-5,000 versus the prior month.

    Columbus's median listing price comes in at 0% of the national average.

    Columbus's average listing price for 2025-01-01 was $328,877, a difference of $10,972 (3.5%) versus the prior year and $-3,685 versus the prior month.

    For the 2025-01-01 period, Columbus had 101 MLS listings, a difference of 2 listings (2%) versus the prior month and 16 listings (19%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Columbus (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,582 sqft
    2018-02-01 0 days 1,540 sqft
    2018-03-01 0 days 1,456 sqft
    2018-04-01 0 days 1,519 sqft
    2018-05-01 0 days 1,536 sqft
    2018-06-01 0 days 1,557 sqft
    2018-07-01 0 days 1,572 sqft
    2018-08-01 0 days 1,544 sqft
    2018-09-01 0 days 1,527 sqft
    2018-10-01 0 days 1,588 sqft
    2018-11-01 0 days 1,588 sqft
    2018-12-01 0 days 1,560 sqft
    2019-01-01 0 days 1,685 sqft
    2019-02-01 0 days 1,654 sqft
    2019-03-01 0 days 1,650 sqft
    2019-04-01 0 days 1,650 sqft
    2019-05-01 0 days 1,700 sqft
    2019-06-01 0 days 1,729 sqft
    2019-07-01 0 days 1,753 sqft
    2019-08-01 0 days 1,731 sqft
    2019-09-01 0 days 1,662 sqft
    2019-10-01 0 days 1,588 sqft
    2019-11-01 0 days 1,666 sqft
    2019-12-01 0 days 1,660 sqft
    2020-01-01 0 days 1,687 sqft
    2020-02-01 0 days 1,713 sqft
    2020-03-01 0 days 1,635 sqft
    2020-04-01 0 days 1,739 sqft
    2020-05-01 0 days 1,699 sqft
    2020-06-01 0 days 1,706 sqft
    2020-07-01 0 days 1,861 sqft
    2020-08-01 0 days 1,861 sqft
    2020-09-01 0 days 1,661 sqft
    2020-10-01 0 days 1,589 sqft
    2020-11-01 0 days 1,638 sqft
    2020-12-01 0 days 1,635 sqft
    2021-01-01 0 days 1,656 sqft
    2021-02-01 0 days 1,612 sqft
    2021-03-01 0 days 1,581 sqft
    2021-04-01 0 days 1,505 sqft
    2021-05-01 0 days 1,456 sqft
    2021-06-01 0 days 1,620 sqft
    2021-07-01 0 days 1,587 sqft
    2021-08-01 0 days 1,443 sqft
    2021-09-01 0 days 1,383 sqft
    2021-10-01 0 days 1,448 sqft
    2021-11-01 0 days 1,480 sqft
    2021-12-01 0 days 1,537 sqft
    2022-01-01 0 days 1,456 sqft
    2022-02-01 0 days 1,456 sqft
    2022-03-01 0 days 1,462 sqft
    2022-04-01 0 days 1,603 sqft
    2022-05-01 0 days 1,539 sqft
    2022-06-01 0 days 1,559 sqft
    2022-07-01 0 days 1,600 sqft
    2022-08-01 0 days 1,538 sqft
    2022-09-01 0 days 1,471 sqft
    2022-10-01 0 days 1,485 sqft
    2022-11-01 0 days 1,543 sqft
    2022-12-01 0 days 1,449 sqft
    2023-01-01 0 days 1,422 sqft
    2023-02-01 0 days 1,422 sqft
    2023-03-01 0 days 1,422 sqft
    2023-04-01 0 days 1,431 sqft
    2023-05-01 0 days 1,511 sqft
    2023-06-01 0 days 1,549 sqft
    2023-07-01 0 days 1,545 sqft
    2023-08-01 0 days 1,511 sqft
    2023-09-01 0 days 1,499 sqft
    2023-10-01 0 days 1,552 sqft
    2023-11-01 0 days 1,508 sqft
    2023-12-01 0 days 1,516 sqft
    2024-01-01 0 days 1,466 sqft
    2024-02-01 0 days 1,424 sqft
    2024-03-01 0 days 1,446 sqft
    2024-04-01 0 days 1,454 sqft
    2024-05-01 0 days 1,430 sqft
    2024-06-01 0 days 1,481 sqft
    2024-07-01 0 days 1,604 sqft
    2024-08-01 0 days 1,606 sqft
    2024-09-01 0 days 1,550 sqft
    2024-10-01 0 days 1,388 sqft
    2024-11-01 0 days 1,378 sqft
    2024-12-01 0 days 1,424 sqft
    2025-01-01 0 days 1,423 sqft
    Columbus's median listing age (time on market) for 2025-01-01 was 0 days.

    Columbus's median square footage for active listings during the 2025-01-01 period was 1,423 sqft. One year prior, the average listing was 1,466 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).