Columbia USDA Loan Rates, Closing Costs & Stats

COLUMBIA, MO

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    • USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

    Columbia's 11 lenders originated 39 USDA loans during 2023. The total origination value was $6,875,000, with an average USDA loan value of $176,282.

    Columbia USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Columbia averaged 6.53% for the week of 2024-11-08, compared to the national average (all USDA variants) of 6.477% for the same period.

    Columbia's average USDA mortgage closing costs are $4,062.

    The average rate for the prior week (2024-11-01) was 6.4% and one month ago for the week of 2024-10-04, the average rate was 5.73%.

    The average rate one year ago was 7.17%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.42%.

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

    Columbia USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for USDA 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
    FLAT BRANCH MORTGAGE, INC. 19 6.71% $5,210
    DAS Acquisition Company, LLC 4 6.06% $6,857
    GERSHMAN INVESTMENT CORP. 3 7.13% $3,378
    The Central Trust Bank 3 6.92% $4,942
    Hawthorn Bank 2 6.31% $4,411
    Midwest Mortgage Associates Corporation 2 7.25% $2,162
    UNITED WHOLESALE MORTGAGE, LLC 1 7.65% $4,605
    Mortgage Research Center, LLC 1 6.99% $4,970
    Paramount Residential Mortgage Group, Inc. 1 7.00% $3,437
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.75% $12,303
    CARDINAL FINANCIAL 1 4.63% $9,361

    The top Columbia USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 19 USDA loans originated. Their average total fees are $5,210, which is $1,647 lower than the next largest lender, DAS Acquisition Company, LLC.

    The lowest fee Columbia USDA lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. ($5,210), .

    The lowest rate Columbia USDA lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. (6.71%), .

    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 $224,950 (8.3%) $276,908 (6.5%) 0.83 751
    2018-02-01 $225,000 (4.7%) $281,307 (3.4%) 0.82 763
    2018-03-01 $235,000 (2.7%) $286,311 (1.0%) 0.82 827
    2018-04-01 $245,650 (-0.9%) $291,637 (-0.3%) 0.83 856
    2018-05-01 $252,500 (1.8%) $294,170 (-1.9%) 0.84 902
    2018-06-01 $249,900 (2.5%) $293,181 (-3.0%) 0.83 912
    2018-07-01 $247,725 (3.4%) $292,417 (-0.1%) 0.83 921
    2018-08-01 $237,425 (2.5%) $286,035 (-0.1%) 0.80 952
    2018-09-01 $234,900 (4.9%) $278,854 (0.2%) 0.79 999
    2018-10-01 $232,475 (3.4%) $276,905 (-0.2%) 0.79 1,035
    2018-11-01 $228,625 (4.4%) $272,510 (0.1%) 0.78 957
    2018-12-01 $229,000 (3.6%) $273,410 (0.5%) 0.79 889
    2019-01-01 $229,000 (1.8%) $277,344 (0.2%) 0.79 793
    2019-02-01 $229,125 (1.8%) $278,383 (-1.0%) 0.77 802
    2019-03-01 $236,429 (0.6%) $286,481 (0.1%) 0.77 791
    2019-04-01 $244,981 (-0.3%) $292,610 (0.3%) 0.78 775
    2019-05-01 $246,250 (-2.5%) $290,208 (-1.4%) 0.77 787
    2019-06-01 $242,750 (-2.9%) $291,937 (-0.4%) 0.76 809
    2019-07-01 $239,950 (-3.1%) $292,671 (0.1%) 0.75 825
    2019-08-01 $240,882 (1.5%) $292,977 (2.4%) 0.76 793
    2019-09-01 $242,355 (3.2%) $294,167 (5.5%) 0.78 764
    2019-10-01 $244,975 (5.4%) $294,961 (6.5%) 0.79 742
    2019-11-01 $239,950 (5.0%) $295,020 (8.3%) 0.79 709
    2019-12-01 $234,975 (2.6%) $296,537 (8.5%) 0.78 615
    2020-01-01 $228,725 (-0.1%) $292,560 (5.5%) 0.76 548
    2020-02-01 $237,900 (3.8%) $295,541 (6.2%) 0.78 525
    2020-03-01 $250,725 (6.1%) $305,921 (6.8%) 0.79 549
    2020-04-01 $269,450 (10.0%) $319,532 (9.2%) 0.84 502
    2020-05-01 $267,000 (8.4%) $317,140 (9.3%) 0.81 486
    2020-06-01 $272,450 (12.2%) $333,351 (14.2%) 0.80 469
    2020-07-01 $276,950 (15.4%) $340,382 (16.3%) 0.80 455
    2020-08-01 $275,950 (14.6%) $336,474 (14.9%) 0.79 438
    2020-09-01 $263,550 (8.8%) $326,865 (11.1%) 0.76 409
    2020-10-01 $246,950 (0.8%) $316,448 (7.3%) 0.71 398
    2020-11-01 $244,475 (1.9%) $326,009 (10.5%) 0.71 375
    2020-12-01 $251,950 (7.2%) $342,801 (15.6%) 0.75 330
    2021-01-01 $254,400 (11.2%) $367,875 (25.7%) 0.76 265
    2021-02-01 $248,425 (4.4%) $387,681 (31.2%) 0.72 200
    2021-03-01 $269,852 (7.6%) $373,193 (22.0%) 0.77 212
    2021-04-01 $292,200 (8.4%) $377,574 (18.2%) 0.79 200
    2021-05-01 $275,000 (3.0%) $356,451 (12.4%) 0.73 225
    2021-06-01 $274,975 (0.9%) $369,738 (10.9%) 0.72 267
    2021-07-01 $275,000 (-0.7%) $354,061 (4.0%) 0.73 311
    2021-08-01 $268,000 (-2.9%) $344,978 (2.5%) 0.71 314
    2021-09-01 $251,450 (-4.6%) $330,602 (1.1%) 0.67 303
    2021-10-01 $269,900 (9.3%) $338,086 (6.8%) 0.72 294
    2021-11-01 $260,972 (6.8%) $337,864 (3.6%) 0.70 256
    2021-12-01 $279,424 (10.9%) $352,931 (3.0%) 0.76 219
    2022-01-01 $319,900 (25.8%) $369,876 (0.5%) 0.86 166
    2022-02-01 $318,950 (28.4%) $393,127 (1.4%) 0.83 164
    2022-03-01 $304,988 (13.0%) $386,958 (3.7%) 0.76 185
    2022-04-01 $316,000 (8.2%) $400,066 (6.0%) 0.75 212
    2022-05-01 $341,500 (24.2%) $429,559 (20.5%) 0.78 270
    2022-06-01 $338,250 (23.0%) $425,917 (15.2%) 0.75 320
    2022-07-01 $334,900 (21.8%) $421,103 (18.9%) 0.75 378
    2022-08-01 $342,400 (27.8%) $425,711 (23.4%) 0.79 384
    2022-09-01 $348,000 (38.4%) $421,747 (27.6%) 0.81 381
    2022-10-01 $350,000 (29.7%) $417,986 (23.6%) 0.82 399
    2022-11-01 $345,625 (32.4%) $407,744 (20.7%) 0.83 407
    2022-12-01 $342,450 (22.6%) $406,068 (15.1%) 0.85 355
    2023-01-01 $354,450 (10.8%) $415,031 (12.2%) 0.88 299
    2023-02-01 $352,500 (10.5%) $408,961 (4.0%) 0.85 312
    2023-03-01 $367,375 (20.5%) $433,567 (12.1%) 0.87 313
    2023-04-01 $385,000 (21.8%) $463,182 (15.8%) 0.90 313
    2023-05-01 $392,450 (14.9%) $474,772 (10.5%) 0.89 330
    2023-06-01 $397,125 (17.4%) $474,152 (11.3%) 0.89 331
    2023-07-01 $388,904 (16.1%) $459,401 (9.1%) 0.88 416
    2023-08-01 $392,425 (14.6%) $465,170 (9.3%) 0.90 420
    2023-09-01 $386,250 (11.0%) $464,121 (10.1%) 0.90 414
    2023-10-01 $397,000 (13.4%) $467,196 (11.8%) 0.93 425
    2023-11-01 $384,725 (11.3%) $456,529 (12.0%) 0.92 426
    2023-12-01 $374,900 (9.5%) $450,882 (11.0%) 0.91 420
    2024-01-01 $375,000 (5.8%) $450,563 (8.6%) 0.92 361
    2024-02-01 $382,450 (8.5%) $457,448 (11.9%) 0.92 352
    2024-03-01 $375,000 (2.1%) $456,705 (5.3%) 0.88 364
    2024-04-01 $402,200 (4.5%) $492,324 (6.3%) 0.94 370
    2024-05-01 $428,125 (9.1%) $522,264 (10.0%) 0.97 400
    2024-06-01 $425,000 (7.0%) $509,356 (7.4%) 0.96 441
    2024-07-01 $413,650 (6.4%) $489,489 (6.6%) 0.95 469
    2024-08-01 $412,500 (5.1%) $470,550 (1.2%) 0.96 488
    2024-09-01 $395,950 (2.5%) $456,661 (-1.6%) 0.93 518
    2024-10-01 $394,375 (-0.7%) $451,299 (-3.4%) 0.93 544
    Columbia's median listing price for 2024-10-01 was $394,375, a difference of $-2,625 (-0.7%) versus the prior year and $-1,575 versus the prior month.

    Columbia's median listing price comes in at 93% of the national average.

    Columbia's average listing price for 2024-10-01 was $451,299, a difference of $-15,897 (-3.4%) versus the prior year and $-5,362 versus the prior month.

    For the 2024-10-01 period, Columbia had 544 MLS listings, a difference of 26 listings (5%) versus the prior month and 119 listings (28%) 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 79 days 1,971 sqft
    2018-02-01 72 days 1,994 sqft
    2018-03-01 53 days 2,069 sqft
    2018-04-01 45 days 2,181 sqft
    2018-05-01 47 days 2,224 sqft
    2018-06-01 56 days 2,210 sqft
    2018-07-01 64 days 2,229 sqft
    2018-08-01 65 days 2,179 sqft
    2018-09-01 64 days 2,135 sqft
    2018-10-01 67 days 2,133 sqft
    2018-11-01 77 days 2,088 sqft
    2018-12-01 89 days 2,029 sqft
    2019-01-01 95 days 1,947 sqft
    2019-02-01 89 days 1,947 sqft
    2019-03-01 62 days 2,066 sqft
    2019-04-01 43 days 2,151 sqft
    2019-05-01 47 days 2,147 sqft
    2019-06-01 53 days 2,152 sqft
    2019-07-01 56 days 2,093 sqft
    2019-08-01 59 days 2,105 sqft
    2019-09-01 60 days 2,125 sqft
    2019-10-01 62 days 2,142 sqft
    2019-11-01 67 days 2,046 sqft
    2019-12-01 76 days 2,030 sqft
    2020-01-01 84 days 1,920 sqft
    2020-02-01 59 days 1,942 sqft
    2020-03-01 38 days 1,963 sqft
    2020-04-01 45 days 2,060 sqft
    2020-05-01 45 days 2,100 sqft
    2020-06-01 37 days 2,089 sqft
    2020-07-01 38 days 2,065 sqft
    2020-08-01 42 days 2,091 sqft
    2020-09-01 44 days 1,996 sqft
    2020-10-01 37 days 1,953 sqft
    2020-11-01 41 days 1,928 sqft
    2020-12-01 54 days 1,966 sqft
    2021-01-01 57 days 1,969 sqft
    2021-02-01 28 days 1,938 sqft
    2021-03-01 17 days 1,950 sqft
    2021-04-01 21 days 2,126 sqft
    2021-05-01 15 days 2,021 sqft
    2021-06-01 16 days 1,990 sqft
    2021-07-01 22 days 2,055 sqft
    2021-08-01 28 days 1,929 sqft
    2021-09-01 31 days 1,919 sqft
    2021-10-01 30 days 1,952 sqft
    2021-11-01 35 days 1,945 sqft
    2021-12-01 44 days 1,976 sqft
    2022-01-01 41 days 2,000 sqft
    2022-02-01 26 days 1,988 sqft
    2022-03-01 15 days 2,058 sqft
    2022-04-01 14 days 2,086 sqft
    2022-05-01 14 days 2,155 sqft
    2022-06-01 20 days 2,096 sqft
    2022-07-01 26 days 2,051 sqft
    2022-08-01 37 days 2,051 sqft
    2022-09-01 42 days 2,042 sqft
    2022-10-01 45 days 2,004 sqft
    2022-11-01 46 days 1,971 sqft
    2022-12-01 61 days 1,975 sqft
    2023-01-01 78 days 1,984 sqft
    2023-02-01 56 days 1,974 sqft
    2023-03-01 37 days 2,000 sqft
    2023-04-01 30 days 2,058 sqft
    2023-05-01 31 days 2,119 sqft
    2023-06-01 33 days 2,220 sqft
    2023-07-01 26 days 2,126 sqft
    2023-08-01 42 days 2,166 sqft
    2023-09-01 51 days 2,200 sqft
    2023-10-01 53 days 2,219 sqft
    2023-11-01 54 days 2,133 sqft
    2023-12-01 64 days 2,076 sqft
    2024-01-01 72 days 2,065 sqft
    2024-02-01 50 days 2,045 sqft
    2024-03-01 33 days 1,981 sqft
    2024-04-01 32 days 2,012 sqft
    2024-05-01 36 days 2,137 sqft
    2024-06-01 36 days 2,129 sqft
    2024-07-01 40 days 2,129 sqft
    2024-08-01 44 days 2,101 sqft
    2024-09-01 45 days 2,072 sqft
    2024-10-01 52 days 2,063 sqft
    Columbia's median listing age (time on market) for 2024-10-01 was 52 days. This is -2% shorter than the same period one year ago.

    Columbia's median square footage for active listings during the 2024-10-01 period was 2,063 sqft. One year prior, the average listing was 2,219 sqft.