Columbus FHA Loan Rates, Closing Costs & Stats

COLUMBUS, OH

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 182 lenders originated 4,935 FHA loans during 2023. The total origination value was $1,325,565,000, with an average FHA loan value of $268,605.

Columbus FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Columbus averaged 6.68% for the week of 2024-04-12, compared to the national average (all FHA variants) of 6.739% for the same period.

Columbus's average FHA mortgage closing costs are $7,854.

The average rate for the prior week (2024-04-05) was 6.8% and one month ago for the week of 2024-03-08, the average rate was 6.34%.

The average rate one year ago was 6.38%.

For refis of the same type during the week of 2024-04-12, the average rate was 7.12%.

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
QUICKEN LOANS, LLC 518 6.23% $11,082
NFM, INC. 327 7.23% $12,966
CROSSCOUNTRY MORTGAGE, LLC 269 6.87% $11,188
UNITED WHOLESALE MORTGAGE, LLC 269 6.45% $12,034
DHI MORTGAGE COMPANY, LTD. 262 5.20% $10,021
RUOFF MORTGAGE COMPANY, INC. 126 6.99% $8,549
UNION HOME MORTGAGE CORP. 124 6.88% $10,611
The Huntington National Bank 105 6.75% $9,529
NEWREZ LLC 94 6.53% $10,991
NVR Mortgage Finance, Inc. 88 5.85% $14,273
FREEDOM MORTGAGE CORPORATION 83 6.91% $12,518
RAPID MORTGAGE COMPANY 77 7.05% $11,688
LOANDEPOT.COM, LLC 75 6.41% $12,138
GUARANTEED RATE, INC. 70 6.27% $11,925
T2 FINANCIAL LLC 65 6.91% $12,372
PENNYMAC LOAN SERVICES, LLC 62 6.31% $11,528
HOMESIDE FINANCIAL, LLC 61 6.94% $11,771
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 56 6.90% $12,620
Mr. Cooper ( Nationstar Mortgage ) 54 6.19% $13,886
M/I FINANCIAL, LLC 50 6.07% $18,119
MUTUAL OF OMAHA MORTGAGE, INC. 47 6.87% $13,680
GENEVA FINANCIAL, LLC 46 7.06% $12,625
BROKER SOLUTIONS, INC. 44 6.92% $11,295
THRIVE MORTGAGE, LLC 44 6.54% $13,768
EQUITY RESOURCES, INC. 43 6.82% $7,911
AMERISAVE MORTGAGE CORPORATION 41 5.93% $13,175
Carrington Mortgage Services, LLC 40 6.37% $12,479
SUMMIT FUNDING, INC. 39 7.20% $13,419
CARDINAL FINANCIAL 38 6.37% $12,270
PULTE MORTGAGE LLC 36 5.75% $9,387
Fifth Third Bank 34 6.42% $7,400
EVERETT FINANCIAL, INC. 32 6.94% $15,163
J. VIRGIL, INC. 31 6.84% $10,174
THE EQUITABLE MORTGAGE CORPORATION 31 6.65% $10,017
Bank of England 30 6.64% $12,875
GUILD MORTGAGE COMPANY 27 6.79% $11,935
JPMorgan Chase Bank 27 6.25% $7,677
DAS Acquisition Company, LLC 26 7.23% $11,636
Union Savings Bank 25 6.73% $8,030
VICTORY MORTGAGE, L.L.C. 24 5.41% $10,228
VANDERBILT MORTGAGE AND FINANCE, INC. 23 6.73% $12,715
GSF Mortgage Corporation 21 6.58% $11,833
Flagstar Bank, FSB 21 6.62% $10,707
ENDEAVOR CAPITAL, LLC. 21 6.76% $11,439
MOVEMENT MORTGAGE, LLC 20 6.91% $10,151
POLARIS HOME FUNDING CORP. 19 6.85% $11,298
HOWARD HANNA FINANCIAL SERVICES, INC. 19 6.66% $9,611
PLANET HOME LENDING, LLC 19 6.06% $9,348
Nations Lending Corporation 18 6.84% $11,557
Citizens Bank 18 6.66% $9,053
FIRST COMMUNITY MORTGAGE, INC. 16 6.71% $12,206
Neighborhood Loans, Inc. 16 7.02% $10,858
LOANPAL, LLC 16 6.21% $11,866
GUARANTEED RATE AFFINITY, LLC 16 6.40% $11,382
The State Bank and Trust Company 15 6.96% $8,511
First Financial Bank 14 6.77% $9,442
East Coast Capital Corp. 14 6.41% $12,046
WRIGHT-PATT CREDIT UNION, INC. 14 6.74% $7,668
The Union Bank Company 14 6.61% $10,245
Equity Prime Mortgage LLC 14 7.13% $12,416
LAKEVIEW LOAN SERVICING, LLC 14 6.28% $10,975
Mortgage Research Center, LLC 14 7.03% $6,780
AMERICAN FINANCIAL NETWORK, INC. 12 6.88% $12,979
KeyBank 12 6.30% $8,709
PNC Bank 12 6.67% $8,650
The Federal Savings Bank 12 6.58% $14,386
NATIONWIDE MORTGAGE BANKERS, INC. 12 7.01% $12,937
VILLAGE CAPITAL MORTGAGE 12 6.39% $10,350
Plains Commerce Bank 11 6.27% $10,344
U.S. Bank 11 6.93% $8,600
AmRes Corporation 11 7.22% $10,411
AMERICAN FINANCING CORPORATION 10 6.34% $10,623
MYCUMORTGAGE, LLC 10 6.73% $7,880
LIBERTY HOME MORTGAGE CORPORATION 10 7.34% $7,883
Paramount Residential Mortgage Group, Inc. 10 6.80% $10,667
RELIANCE FIRST CAPITAL, LLC 9 6.29% $9,868
TOWNE MORTGAGE COMPANY 9 7.15% $16,467
AMERICAN PACIFIC MORTGAGE CORPORATION 9 6.97% $11,634
Lakeview Community Capital, LLC 9 6.35% $12,137
Prosperity Home Mortgage, LLC 8 6.26% $13,689
NATIONS DIRECT MORTGAGE, LLC 8 6.89% $12,620
TOP FLITE FINANCIAL, INC. 8 7.00% $13,698
LAND HOME FINANCIAL SERVICES, INC. 8 7.20% $7,767
DEVELOPER'S MORTGAGE COMPANY 7 6.23% $10,719
SUN WEST MORTGAGE COMPANY, INC. 7 6.24% $8,284
BAYSHORE MORTGAGE FUNDING, LLC 7 7.00% $11,578
AMERICAN FINANCIAL RESOURCES, INC. 7 7.07% $10,996
ZILLOW HOME LOANS, LLC 6 6.83% $11,352
First Merchants Bank 6 6.88% $8,807
HOMESPIRE MORTGAGE CORPORATION 6 7.10% $9,330
NATIONS RELIABLE LENDING, LLC 6 7.19% $9,989
Northpointe Bank 6 6.33% $9,991
PHH Mortgage Corporation 6 5.90% $14,769
SECURITYNATIONAL MORTGAGE COMPANY 6 7.21% $11,293
WesBanco 6 6.38% $8,949
LEADERONE FINANCIAL CORPORATION 5 6.90% $10,597
PRIMARY RESIDENTIAL MORTGAGE, INC. 5 6.10% $9,317
AmeriHome Mortgage Company, LLC 5 6.03% $13,004
First Commonwealth Bank 5 5.98% $9,865
Evolve Bank & Trust 5 7.25% $9,133
Heartland Bank 5 6.28% $9,315
INTERNATIONAL CITY MORTGAGE, INC. 4 6.09% $11,125
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 6.81% $9,942
PENTAGON FEDERAL CREDIT UNION 4 5.94% $8,354
M&T Bank 4 6.56% $6,463
Civista Bank 4 6.84% $9,085
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 7.15% $12,171
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 6.97% $6,239
HALLMARK HOME MORTGAGE, LLC 4 7.50% $8,186
Gateway First Bank 4 7.09% $11,197
Cornerstone First Mortgage, Inc 3 7.17% $11,538
SIWELL, INC. 3 7.42% $9,142
STOCKTON MORTGAGE CORPORATION 3 7.25% $8,868
CHURCHILL MORTGAGE CORPORATION 3 6.75% $10,935
VERITAS FUNDING, LLC 3 6.29% $17,474
NTFN, INC. 3 7.00% $14,061
NBKC BANK 3 6.29% $8,712
MICHIGAN MUTUAL, INC. 3 6.79% $12,738
PREMIER MORTGAGE RESOURCES, L.L.C. 2 7.63% $16,624
MILEND, INC. 2 7.06% $10,659
American Mortgage & Equity Consultants, Inc. 2 7.50% $15,382
EMM LOANS LLC 2 6.56% $13,232
Wyndham Capital Mortgage, Inc. 2 6.25% $10,986
ROYAL UNITED MORTGAGE LLC 2 6.81% $9,425
PACIFIC RESIDENTIAL MORTGAGE, LLC 2 7.75% $17,415
SUCCESS MORTGAGE PARTNERS, INC. 2 6.75% $13,862
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.81% $6,795
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 6.25% $16,543
OCMBC, INC. 2 7.69% $12,264
PLAZA HOME MORTGAGE, INC. 2 7.25% $8,173
Barrington Bank & Trust Company, N.A. 2 6.75% $10,120
INTERCOASTAL MORTGAGE COMPANY 2 7.00% $12,873
Western Ohio Mortgage Corporation 2 7.31% $10,937
ACADEMY MORTGAGE CORPORATION 1 6.13% $14,800
US MORTGAGE CORPORATION 1 6.63% $11,841
Academy Bank 1 6.13% $6,733
ABSOLUTE HOME MORTGAGE CORPORATION 1 7.25% $11,523
Fortress Bank 1 7.25% $7,280
Waterstone Mortgage Corporation 1 7.13% $15,508
Wells Fargo Bank 1 6.63% $7,537
First Savings Bank 1 6.25% $13,651
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 7.00% $8,893
MID AMERICA MORTGAGE, INC. 1 7.63% $6,226
MIDLAND MORTGAGE CORPORATION 1 6.25% $5,994
Midwest BankCentre 1 6.63% $10,359
MORIA DEVELOPMENT, INC. 1 6.13% $9,385
MORTGAGE 1 INCORPORATED 1 7.50% $13,112
COMPASS MORTGAGE, INC. 1 7.25% $10,623
Commerce Home Mortgage, Inc. 1 7.13% $10,856
CMG MORTGAGE, INC. 1 5.75% $10,680
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 7.75% $15,295
DRAPER AND KRAMER MORTGAGE CORP. 1 6.63% $14,508
JMAC LENDING, INC. 1 5.75% $12,813
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.75% $9,409
NEW DAY FINANCIAL, LLC 1 7.00% $5,228
NexBank 1 5.50% $12,382
Century Mortgage Company DBA Century Lending Company 1 6.25% $23,320
NORTHERN MORTGAGE SERVICES, LLC 1 6.25% $7,273
Wilmington Savings Fund Society, FSB 1 7.50% $9,171
BETTER MORTGAGE CORPORATION 1 6.25% $9,733
Ixonia Bank 1 7.75% $12,535
Peoples Bank 1 7.25% $8,836
First Federal Bank of the Midwest 1 6.38% $9,194
BAY EQUITY LLC 1 7.63% $16,386
Hometown Equity Mortgage, LLC 1 6.75% $5,480
PREMIA MORTGAGE, LLC 1 6.63% $11,350
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.63% $15,470
EMBRACE HOME LOANS, INC. 1 6.25% $11,931
AXIA FINANCIAL, LLC 1 7.75% $19,674
Residential Mortgage Solutions, Inc. 1 7.25% $10,128
Sierra Pacific Mortgage Company, Inc. 1 5.75% $13,303
SOUTHPOINT FINANCIAL SERVICES, INC. 1 5.63% $21,575
SWBC MORTGAGE CORPORATION 1 6.75% $12,576
The Farmers National Bank of Canfield 1 5.75% $9,765
GUARANTY HOME MORTGAGE CORPORATION 1 6.25% $7,423
The Loan Store, Inc. 1 7.38% $14,420
1ST SIGNATURE LENDING, LLC 1 6.25% $16,576
FIRST ALLIANCE HOME MORTGAGE, LLC 1 6.25% $14,795
Goldwater Bank, N.A. 1 6.13% $12,594
First-Citizens Bank & Trust Company 1 7.13% $6,467
UNION CAPITAL MORTGAGE CORPORATION 1 7.25% $12,057
AMCAP MORTGAGE, LTD. 1 7.25% $9,405

The top Columbus FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 518 FHA loans originated. Their average total fees are $11,082, which is $1,885 lower than the next largest lender, NFM, INC..

The lowest fee Columbus FHA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($6,780), Fifth Third Bank ($7,400), WRIGHT-PATT CREDIT UNION, INC. ($7,668), JPMorgan Chase Bank ($7,677) and MYCUMORTGAGE, LLC ($7,880).

The lowest rate Columbus FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.20%), VICTORY MORTGAGE, L.L.C. (5.41%), PULTE MORTGAGE LLC (5.75%), NVR Mortgage Finance, Inc. (5.85%) and AMERISAVE MORTGAGE CORPORATION (5.93%).

Columbus FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
COLUMBUS, OH DELAWARE 2022 $439,300 $562,350 $679,800 $844,800
COLUMBUS, OH FAIRFIELD 2022 $439,300 $562,350 $679,800 $844,800
COLUMBUS, OH FRANKLIN 2022 $439,300 $562,350 $679,800 $844,800
COLUMBUS, OH HOCKING 2022 $439,300 $562,350 $679,800 $844,800
COLUMBUS, OH LICKING 2022 $439,300 $562,350 $679,800 $844,800
COLUMBUS, OH MADISON 2022 $439,300 $562,350 $679,800 $844,800
COLUMBUS, OH MORROW 2022 $439,300 $562,350 $679,800 $844,800
COLUMBUS, OH PERRY 2022 $439,300 $562,350 $679,800 $844,800
COLUMBUS, OH PICKAWAY 2022 $439,300 $562,350 $679,800 $844,800
COLUMBUS, OH UNION 2022 $439,300 $562,350 $679,800 $844,800
COLUMBUS, OH DELAWARE 2023 $488,750 $625,700 $756,300 $939,900
COLUMBUS, OH FAIRFIELD 2023 $488,750 $625,700 $756,300 $939,900
COLUMBUS, OH FRANKLIN 2023 $488,750 $625,700 $756,300 $939,900
COLUMBUS, OH HOCKING 2023 $488,750 $625,700 $756,300 $939,900
COLUMBUS, OH LICKING 2023 $488,750 $625,700 $756,300 $939,900
COLUMBUS, OH MADISON 2023 $488,750 $625,700 $756,300 $939,900
COLUMBUS, OH MORROW 2023 $488,750 $625,700 $756,300 $939,900
COLUMBUS, OH PERRY 2023 $488,750 $625,700 $756,300 $939,900
COLUMBUS, OH PICKAWAY 2023 $488,750 $625,700 $756,300 $939,900
COLUMBUS, OH UNION 2023 $488,750 $625,700 $756,300 $939,900

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 $254,450 (29.2%) $339,307 (14.0%) 0.94 3,074
2018-02-01 $276,493 (34.9%) $361,516 (17.3%) 1.00 2,798
2018-03-01 $280,000 (20.6%) $362,243 (10.1%) 0.98 2,840
2018-04-01 $292,450 (17.5%) $368,479 (7.8%) 0.99 3,042
2018-05-01 $299,900 (14.7%) $377,721 (7.7%) 1.00 3,441
2018-06-01 $299,900 (14.0%) $376,379 (6.5%) 1.00 3,844
2018-07-01 $299,750 (15.3%) $374,600 (7.9%) 1.00 4,239
2018-08-01 $284,850 (9.8%) $359,154 (4.5%) 0.95 4,626
2018-09-01 $274,800 (9.9%) $351,506 (6.1%) 0.92 4,753
2018-10-01 $266,450 (6.7%) $345,076 (5.9%) 0.90 4,806
2018-11-01 $261,200 (5.4%) $339,949 (3.9%) 0.89 4,599
2018-12-01 $254,900 (4.1%) $335,795 (2.3%) 0.88 3,979
2019-01-01 $254,915 (0.2%) $337,162 (-0.6%) 0.88 3,382
2019-02-01 $268,950 (-2.7%) $350,342 (-3.1%) 0.91 3,140
2019-03-01 $285,671 (2.0%) $369,901 (2.1%) 0.93 3,139
2019-04-01 $302,445 (3.4%) $385,276 (4.6%) 0.96 3,245
2019-05-01 $310,388 (3.5%) $391,597 (3.7%) 0.97 3,497
2019-06-01 $324,500 (8.2%) $398,369 (5.8%) 1.01 3,671
2019-07-01 $320,950 (7.1%) $390,746 (4.3%) 1.00 4,081
2019-08-01 $305,355 (7.2%) $376,009 (4.7%) 0.97 4,265
2019-09-01 $291,036 (5.9%) $362,466 (3.1%) 0.93 4,382
2019-10-01 $279,839 (5.0%) $351,321 (1.8%) 0.90 4,460
2019-11-01 $275,000 (5.3%) $344,898 (1.5%) 0.90 4,154
2019-12-01 $274,900 (7.9%) $343,319 (2.2%) 0.92 3,553
2020-01-01 $278,138 (9.1%) $345,535 (2.5%) 0.93 3,057
2020-02-01 $294,900 (9.7%) $361,332 (3.1%) 0.97 2,576
2020-03-01 $299,999 (5.0%) $377,072 (1.9%) 0.94 2,658
2020-04-01 $309,450 (2.3%) $379,164 (-1.6%) 0.97 2,719
2020-05-01 $324,000 (4.4%) $392,132 (0.1%) 0.98 2,619
2020-06-01 $332,400 (2.4%) $406,568 (2.1%) 0.98 2,471
2020-07-01 $329,700 (2.7%) $413,967 (5.9%) 0.96 2,343
2020-08-01 $315,000 (3.2%) $397,470 (5.7%) 0.90 2,309
2020-09-01 $300,057 (3.1%) $388,375 (7.2%) 0.86 2,363
2020-10-01 $304,110 (8.7%) $385,886 (9.8%) 0.87 2,367
2020-11-01 $307,225 (11.7%) $377,947 (9.6%) 0.90 2,222
2020-12-01 $307,450 (11.8%) $375,110 (9.3%) 0.91 1,853
2021-01-01 $299,900 (7.8%) $379,237 (9.8%) 0.90 1,533
2021-02-01 $307,444 (4.3%) $394,703 (9.2%) 0.90 1,229
2021-03-01 $316,950 (5.7%) $402,253 (6.7%) 0.90 1,279
2021-04-01 $311,075 (0.5%) $401,018 (5.8%) 0.84 1,443
2021-05-01 $314,617 (-2.9%) $397,943 (1.5%) 0.84 1,608
2021-06-01 $300,000 (-9.8%) $393,956 (-3.1%) 0.79 1,858
2021-07-01 $309,000 (-6.3%) $384,445 (-7.1%) 0.82 2,228
2021-08-01 $299,900 (-4.8%) $377,369 (-5.1%) 0.80 2,408
2021-09-01 $289,850 (-3.4%) $371,116 (-4.4%) 0.77 2,367
2021-10-01 $292,500 (-3.8%) $376,094 (-2.5%) 0.78 2,296
2021-11-01 $289,815 (-5.7%) $375,282 (-0.7%) 0.77 1,993
2021-12-01 $289,900 (-5.7%) $385,940 (2.9%) 0.79 1,602
2022-01-01 $299,900 (0.0%) $396,806 (4.6%) 0.81 1,344
2022-02-01 $325,000 (5.7%) $413,562 (4.8%) 0.85 1,169
2022-03-01 $334,925 (5.7%) $414,235 (3.0%) 0.84 1,264
2022-04-01 $329,900 (6.1%) $417,265 (4.1%) 0.79 1,432
2022-05-01 $349,000 (10.9%) $440,419 (10.7%) 0.80 1,722
2022-06-01 $349,950 (16.7%) $447,265 (13.5%) 0.78 2,059
2022-07-01 $347,000 (12.3%) $436,170 (13.5%) 0.78 2,564
2022-08-01 $336,995 (12.4%) $428,126 (13.5%) 0.78 2,665
2022-09-01 $339,350 (17.1%) $429,811 (15.8%) 0.79 2,613
2022-10-01 $339,900 (16.2%) $427,314 (13.6%) 0.80 2,796
2022-11-01 $334,900 (15.6%) $428,235 (14.1%) 0.81 2,735
2022-12-01 $330,000 (13.8%) $436,779 (13.2%) 0.81 2,248
2023-01-01 $347,900 (16.0%) $453,343 (14.3%) 0.86 1,900
2023-02-01 $359,950 (10.8%) $483,825 (17.0%) 0.87 1,623
2023-03-01 $376,874 (12.5%) $501,379 (21.0%) 0.89 1,604
2023-04-01 $385,900 (17.0%) $506,242 (21.3%) 0.90 1,721
2023-05-01 $393,950 (12.9%) $504,799 (14.6%) 0.89 1,851
2023-06-01 $399,450 (14.1%) $520,054 (16.3%) 0.90 2,033
2023-07-01 $399,000 (15.0%) $526,509 (20.7%) 0.91 2,264
2023-08-01 $386,250 (14.6%) $516,271 (20.6%) 0.89 2,407
2023-09-01 $379,900 (12.0%) $506,611 (17.9%) 0.88 2,510
2023-10-01 $366,250 (7.8%) $496,529 (16.2%) 0.86 2,706
2023-11-01 $360,000 (7.5%) $486,529 (13.6%) 0.86 2,791
2023-12-01 $359,900 (9.1%) $476,622 (9.1%) 0.88 2,441
2024-01-01 $369,950 (6.3%) $489,963 (8.1%) 0.90 2,133
2024-02-01 $376,750 (4.7%) $499,157 (3.2%) 0.91 1,981
2024-03-01 $379,900 (0.8%) $505,985 (0.9%) 0.89 1,927
Columbus's median listing price for 2024-03-01 was $379,900, a difference of $3,026 (0.8%) versus the prior year and $3,150 versus the prior month.

Columbus's median listing price comes in at 89% of the national average.

Columbus's average listing price for 2024-03-01 was $505,985, a difference of $4,606 (0.9%) versus the prior year and $6,828 versus the prior month.

For the 2024-03-01 period, Columbus had 1,927 MLS listings, a difference of -54 listings (-3%) versus the prior month and 323 listings (20%) 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 76 days 1,933 sqft
2018-02-01 66 days 2,045 sqft
2018-03-01 37 days 2,052 sqft
2018-04-01 33 days 2,090 sqft
2018-05-01 31 days 2,150 sqft
2018-06-01 31 days 2,150 sqft
2018-07-01 37 days 2,147 sqft
2018-08-01 36 days 2,065 sqft
2018-09-01 43 days 2,016 sqft
2018-10-01 50 days 1,977 sqft
2018-11-01 51 days 1,954 sqft
2018-12-01 62 days 1,904 sqft
2019-01-01 72 days 1,897 sqft
2019-02-01 64 days 1,944 sqft
2019-03-01 44 days 2,008 sqft
2019-04-01 33 days 2,068 sqft
2019-05-01 32 days 2,097 sqft
2019-06-01 33 days 2,132 sqft
2019-07-01 37 days 2,137 sqft
2019-08-01 38 days 2,083 sqft
2019-09-01 41 days 2,016 sqft
2019-10-01 43 days 1,962 sqft
2019-11-01 50 days 1,935 sqft
2019-12-01 63 days 1,907 sqft
2020-01-01 68 days 1,922 sqft
2020-02-01 44 days 1,960 sqft
2020-03-01 37 days 1,998 sqft
2020-04-01 39 days 1,998 sqft
2020-05-01 46 days 2,030 sqft
2020-06-01 38 days 2,053 sqft
2020-07-01 32 days 2,016 sqft
2020-08-01 29 days 1,967 sqft
2020-09-01 26 days 1,869 sqft
2020-10-01 30 days 1,856 sqft
2020-11-01 36 days 1,822 sqft
2020-12-01 44 days 1,789 sqft
2021-01-01 44 days 1,776 sqft
2021-02-01 29 days 1,774 sqft
2021-03-01 20 days 1,798 sqft
2021-04-01 12 days 1,796 sqft
2021-05-01 10 days 1,803 sqft
2021-06-01 12 days 1,768 sqft
2021-07-01 16 days 1,776 sqft
2021-08-01 19 days 1,726 sqft
2021-09-01 24 days 1,674 sqft
2021-10-01 28 days 1,670 sqft
2021-11-01 32 days 1,660 sqft
2021-12-01 39 days 1,628 sqft
2022-01-01 38 days 1,620 sqft
2022-02-01 25 days 1,696 sqft
2022-03-01 15 days 1,717 sqft
2022-04-01 10 days 1,727 sqft
2022-05-01 12 days 1,792 sqft
2022-06-01 15 days 1,809 sqft
2022-07-01 21 days 1,800 sqft
2022-08-01 27 days 1,785 sqft
2022-09-01 31 days 1,790 sqft
2022-10-01 30 days 1,799 sqft
2022-11-01 37 days 1,774 sqft
2022-12-01 50 days 1,756 sqft
2023-01-01 55 days 1,787 sqft
2023-02-01 39 days 1,816 sqft
2023-03-01 30 days 1,837 sqft
2023-04-01 23 days 1,886 sqft
2023-05-01 22 days 1,918 sqft
2023-06-01 23 days 1,931 sqft
2023-07-01 25 days 1,930 sqft
2023-08-01 26 days 1,879 sqft
2023-09-01 30 days 1,836 sqft
2023-10-01 31 days 1,823 sqft
2023-11-01 38 days 1,806 sqft
2023-12-01 49 days 1,788 sqft
2024-01-01 55 days 1,776 sqft
2024-02-01 38 days 1,789 sqft
2024-03-01 29 days 1,814 sqft
Columbus's median listing age (time on market) for 2024-03-01 was 29 days. This is -2% shorter than the same period one year ago.

Columbus's median square footage for active listings during the 2024-03-01 period was 1,814 sqft. One year prior, the average listing was 1,837 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).