Columbia USDA Loans

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 23 lenders originated 150 USDA loans during 2021. The total origination value was $23,030,000, with an average USDA loan value of $153,533.

Columbia USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Columbia averaged 5.1% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.24% and one month ago for the week of 2022-04-08, the average rate was 5%.

The average rate one year ago was 3.21%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.2%.

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 and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Columbia level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
FLAT BRANCH MORTGAGE, INC. 54 3.18% $3,780
DAS Acquisition Company, LLC 35 3.51% $4,270
The Central Trust Bank 22 3.06% $4,622
GERSHMAN INVESTMENT CORP. 5 2.80% $3,542
Flagstar Bank, FSB 3 2.73% $4,188
PENNYMAC LOAN SERVICES, LLC 3 2.92% $5,179
CMG MORTGAGE, INC. 2 3.25% $4,117
MOVEMENT MORTGAGE, LLC 2 3.00% $3,657
THOMPSON KANE & COMPANY, LLC 2 2.93% $3,008
U.S. Bank 2 3.44% $2,947
Simmons Bank 1 3.13% $3,492
UNION HOME MORTGAGE CORP. 1 3.25% $4,746
UNITED WHOLESALE MORTGAGE, LLC 1 3.00% $3,093
Wells Fargo Bank 1 4.75% $1,382
Commerce Bank 1 3.13% $3,919
COMMUNITY MORTGAGE, LLC 1 2.38% $3,055
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.63% $5,246
FIRST INTEGRITY MORTGAGE SERVICES, INC. 1 3.38% $3,767
First State Community Bank 1 2.75% $4,087
GSF Mortgage Corporation 1 2.75% $4,956
Landmark National Bank 1 3.25% $2,533
LEADERONE FINANCIAL CORPORATION 1 2.88% $4,498
Midwest Mortgage Associates Corporation 1 3.00% $3,650

The top Columbia USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 54 USDA loans originated. Their average total fees are $3,780, which is $490 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. ($3,780), DAS Acquisition Company, LLC ($4,270), The Central Trust Bank ($4,622), .

The lowest rate Columbia USDA lenders (with over 10 loans originated) are The Central Trust Bank (3.06%), FLAT BRANCH MORTGAGE, INC. (3.18%), DAS Acquisition Company, LLC (3.51%), .


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 $229,400 (5.1%) $284,052 (4.1%) 0.84 719
2018-02-01 $232,450 (3.3%) $288,106 (1.4%) 0.84 721
2018-03-01 $241,900 (0.4%) $291,176 (-0.8%) 0.84 790
2018-04-01 $251,950 (-1.2%) $298,021 (-1.2%) 0.85 819
2018-05-01 $263,850 (3.0%) $301,694 (-2.7%) 0.88 867
2018-06-01 $259,000 (0.7%) $302,105 (-4.1%) 0.86 867
2018-07-01 $249,950 (0.0%) $300,210 (-1.5%) 0.83 873
2018-08-01 $247,450 (2.7%) $295,407 (-0.8%) 0.83 916
2018-09-01 $243,000 (5.7%) $286,152 (-0.9%) 0.81 971
2018-10-01 $239,450 (4.2%) $283,217 (-1.7%) 0.80 1,021
2018-11-01 $236,950 (4.9%) $279,959 (-1.2%) 0.79 945
2018-12-01 $237,900 (3.5%) $282,741 (0.8%) 0.81 871
2019-01-01 $238,950 (4.2%) $289,714 (2.0%) 0.82 774
2019-02-01 $237,200 (2.0%) $289,643 (0.5%) 0.79 787
2019-03-01 $246,671 (2.0%) $297,924 (2.3%) 0.80 772
2019-04-01 $255,371 (1.4%) $306,933 (3.0%) 0.80 753
2019-05-01 $255,900 (-3.0%) $305,090 (1.1%) 0.79 772
2019-06-01 $250,000 (-3.5%) $309,050 (2.3%) 0.77 785
2019-07-01 $252,450 (1.0%) $310,071 (3.3%) 0.78 796
2019-08-01 $252,586 (2.1%) $303,900 (2.9%) 0.79 763
2019-09-01 $249,700 (2.8%) $301,740 (5.5%) 0.79 722
2019-10-01 $249,950 (4.4%) $303,641 (7.2%) 0.80 722
2019-11-01 $249,900 (5.5%) $303,373 (8.4%) 0.81 692
2019-12-01 $246,000 (3.4%) $304,698 (7.8%) 0.82 617
2020-01-01 $243,500 (1.9%) $301,679 (4.1%) 0.81 550
2020-02-01 $249,900 (5.4%) $306,067 (5.7%) 0.81 517
2020-03-01 $254,900 (3.3%) $314,035 (5.4%) 0.80 536
2020-04-01 $275,500 (7.9%) $330,197 (7.6%) 0.86 488
2020-05-01 $272,000 (6.3%) $326,578 (7.0%) 0.82 461
2020-06-01 $282,400 (13.0%) $345,939 (11.9%) 0.82 448
2020-07-01 $290,000 (14.9%) $353,155 (13.9%) 0.83 424
2020-08-01 $285,000 (12.8%) $344,989 (13.5%) 0.81 416
2020-09-01 $277,950 (11.3%) $329,345 (9.2%) 0.79 389
2020-10-01 $255,000 (2.0%) $323,195 (6.4%) 0.73 375
2020-11-01 $247,000 (-1.2%) $326,366 (7.6%) 0.71 359
2020-12-01 $251,150 (2.1%) $341,750 (12.2%) 0.74 315
2021-01-01 $259,900 (6.7%) $368,780 (22.2%) 0.76 233
2021-02-01 $252,500 (1.0%) $393,501 (28.6%) 0.73 188
2021-03-01 $274,900 (7.9%) $380,647 (21.2%) 0.77 199
2021-04-01 $299,500 (8.7%) $390,734 (18.3%) 0.80 179
2021-05-01 $275,000 (1.1%) $370,606 (13.5%) 0.72 213
2021-06-01 $282,450 (0.0%) $380,274 (9.9%) 0.73 255
2021-07-01 $279,900 (-3.5%) $357,895 (1.3%) 0.73 307
2021-08-01 $269,950 (-5.3%) $350,189 (1.5%) 0.71 305
2021-09-01 $264,450 (-4.9%) $341,650 (3.7%) 0.70 297
2021-10-01 $279,900 (9.8%) $351,658 (8.8%) 0.74 292
2021-11-01 $279,900 (13.3%) $355,898 (9.1%) 0.74 250
2021-12-01 $286,950 (14.3%) $362,160 (6.0%) 0.77 220
2022-01-01 $331,600 (27.6%) $384,179 (4.2%) 0.88 161
2022-02-01 $337,500 (33.7%) $403,448 (2.5%) 0.86 150
2022-03-01 $317,450 (15.5%) $400,540 (5.2%) 0.78 170
2022-04-01 $349,000 (16.5%) $419,068 (7.3%) 0.82 188
Columbia's median listing price for 2022-04-01 was $349,000, a difference of $49,500 (16.5%) versus the prior year and $31,550 versus the prior month.

Columbia's median listing price comes in at 82% of the national average.

Columbia's average listing price for 2022-04-01 was $419,068, a difference of $28,334 (7.3%) versus the prior year and $18,528 versus the prior month.

For the 2022-04-01 period, Columbia had 188 MLS listings, a difference of 18 listings (11%) versus the prior month and 9 listings (5%) 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 78 days 2,001 sqft
2018-02-01 70 days 2,042 sqft
2018-03-01 53 days 2,092 sqft
2018-04-01 45 days 2,211 sqft
2018-05-01 49 days 2,269 sqft
2018-06-01 56 days 2,257 sqft
2018-07-01 64 days 2,265 sqft
2018-08-01 65 days 2,214 sqft
2018-09-01 63 days 2,166 sqft
2018-10-01 66 days 2,156 sqft
2018-11-01 77 days 2,110 sqft
2018-12-01 89 days 2,078 sqft
2019-01-01 99 days 2,002 sqft
2019-02-01 93 days 1,992 sqft
2019-03-01 45 days 2,094 sqft
2019-04-01 40 days 2,200 sqft
2019-05-01 48 days 2,210 sqft
2019-06-01 56 days 2,235 sqft
2019-07-01 57 days 2,141 sqft
2019-08-01 66 days 2,137 sqft
2019-09-01 66 days 2,140 sqft
2019-10-01 63 days 2,153 sqft
2019-11-01 67 days 2,090 sqft
2019-12-01 76 days 2,043 sqft
2020-01-01 85 days 1,920 sqft
2020-02-01 62 days 1,942 sqft
2020-03-01 40 days 1,957 sqft
2020-04-01 45 days 2,100 sqft
2020-05-01 52 days 2,142 sqft
2020-06-01 39 days 2,126 sqft
2020-07-01 41 days 2,090 sqft
2020-08-01 42 days 2,112 sqft
2020-09-01 44 days 1,993 sqft
2020-10-01 39 days 1,945 sqft
2020-11-01 39 days 1,872 sqft
2020-12-01 54 days 1,867 sqft
2021-01-01 62 days 1,869 sqft
2021-02-01 28 days 1,882 sqft
2021-03-01 18 days 1,885 sqft
2021-04-01 23 days 2,103 sqft
2021-05-01 15 days 1,955 sqft
2021-06-01 20 days 1,966 sqft
2021-07-01 22 days 2,046 sqft
2021-08-01 30 days 1,930 sqft
2021-09-01 32 days 1,907 sqft
2021-10-01 35 days 1,994 sqft
2021-11-01 37 days 1,945 sqft
2021-12-01 53 days 1,956 sqft
2022-01-01 53 days 2,030 sqft
2022-02-01 26 days 1,943 sqft
2022-03-01 16 days 2,033 sqft
2022-04-01 15 days 2,094 sqft
Columbia's median listing age (time on market) for 2022-04-01 was 15 days. This is -33% shorter than the same period one year ago.

Columbia's median square footage for active listings during the 2022-04-01 period was 2,094 sqft. One year prior, the average listing was 2,103 sqft.