Columbus FHA Loan Rates, Closing Costs & Stats

COLUMBUS, OH

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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 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 -0.26% for the week of 2024-11-15, compared to the national average (all FHA variants) of 0% for the same period.

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

    The average rate for the prior week (2024-11-08) was 6.25% and one month ago for the week of 2024-10-11, the average rate was 5.95%.

    The average rate one year ago was 7.4%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.28%.

    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
    2024-04-01 $396,950 (2.9%) $525,388 (3.8%) 0.92 2,118
    2024-05-01 $402,450 (2.2%) $533,182 (5.6%) 0.91 2,375
    2024-06-01 $399,995 (0.1%) $521,264 (0.2%) 0.90 2,690
    2024-07-01 $355,000 (-11.0%) $476,557 (-9.5%) 0.81 3,569
    2024-08-01 $384,900 (-0.4%) $497,145 (-3.7%) 0.90 3,256
    2024-09-01 $377,450 (-0.6%) $480,280 (-5.2%) 0.89 3,495
    2024-10-01 $368,900 (0.7%) $466,219 (-6.1%) 0.87 3,604
    Columbus's median listing price for 2024-10-01 was $368,900, a difference of $2,650 (0.7%) versus the prior year and $-8,550 versus the prior month.

    Columbus's median listing price comes in at 87% of the national average.

    Columbus's average listing price for 2024-10-01 was $466,219, a difference of $-30,310 (-6.1%) versus the prior year and $-14,061 versus the prior month.

    For the 2024-10-01 period, Columbus had 3,604 MLS listings, a difference of 109 listings (3%) versus the prior month and 898 listings (33%) 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
    2024-04-01 25 days 1,867 sqft
    2024-05-01 24 days 1,880 sqft
    2024-06-01 25 days 1,894 sqft
    2024-07-01 35 days 1,857 sqft
    2024-08-01 36 days 1,824 sqft
    2024-09-01 37 days 1,774 sqft
    2024-10-01 39 days 1,746 sqft
    Columbus's median listing age (time on market) for 2024-10-01 was 39 days. This is 26% longer than the same period one year ago.

    Columbus's median square footage for active listings during the 2024-10-01 period was 1,746 sqft. One year prior, the average listing was 1,823 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).