Columbia USDA Loan Rates, Closing Costs & Stats
COLUMBIA, MO
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
6.36%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Columbia's average USDA mortgage closing costs are $4,062.
The average rate for the prior week (2024-12-06) was
6.19% and
one month ago for the week of 2024-11-08, the
average rate was 6.51%.
The average rate one year ago was 6.78%.
For refis of the same type during the week of 2024-12-13, the average rate
was 5.95%.
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 |
| 2024-11-01 | $375,000 (-2.5%) | $447,310 (-2.0%) | 0.90 | 574 |
Columbia's median listing price comes in at 90% of the national average.
Columbia's average listing price for 2024-11-01 was $447,310, a difference of $-9,219 (-2.0%) versus the prior year and $-3,989 versus the prior month.
For the 2024-11-01 period, Columbia had 574 MLS listings, a difference of 30 listings (6%) versus the prior month and 148 listings (35%) 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 |
| 2024-11-01 | 60 days | 1,987 sqft |
Columbia's median square footage for active listings during the 2024-11-01 period was 1,987 sqft. One year prior, the average listing was 2,133 sqft.