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 6.65% for the week of 2024-06-07, compared to the national average (all USDA variants) of 6.699% for the same period.

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

The average rate for the prior week (2024-05-31) was 6.53% and one month ago for the week of 2024-05-03, the average rate was 6.63%.

The average rate one year ago was 6.63%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.54%.

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
Columbia's median listing price for 2024-05-01 was $428,125, a difference of $35,675 (9.1%) versus the prior year and $25,925 versus the prior month.

Columbia's median listing price comes in at 97% of the national average.

Columbia's average listing price for 2024-05-01 was $522,264, a difference of $47,492 (10.0%) versus the prior year and $29,940 versus the prior month.

For the 2024-05-01 period, Columbia had 400 MLS listings, a difference of 30 listings (8%) versus the prior month and 70 listings (21%) 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 2,069 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
Columbia's median listing age (time on market) for 2024-05-01 was 36 days. This is 17% longer than the same period one year ago.

Columbia's median square footage for active listings during the 2024-05-01 period was 2,137 sqft. One year prior, the average listing was 2,119 sqft.