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 19 lenders originated 68 USDA loans during 2022. The total origination value was $12,520,000, with an average USDA loan value of $184,118.

    Columbia USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Columbia averaged -0.18% for the week of 2023-11-24, compared to the national average (all USDA variants) of 0% for the same period.

    Columbia's average USDA mortgage closing costs are $3,987.

    The average rate for the prior week (2023-11-17) was 7.01% and one month ago for the week of 2023-10-20, the average rate was 6.93%.

    The average rate one year ago was 6.27%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.42%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    FLAT BRANCH MORTGAGE, INC. 20 4.72% $4,676
    DAS Acquisition Company, LLC 17 5.61% $5,952
    The Central Trust Bank 10 4.88% $5,172
    HOME POINT FINANCIAL CORPORATION 3 6.08% $5,861
    Midwest Mortgage Associates Corporation 2 5.63% $3,502
    First State Community Bank 1 3.25% $4,969
    GERSHMAN INVESTMENT CORP. 1 3.75% $5,065
    GUILD MORTGAGE COMPANY 1 4.63% $3,906
    LOANDEPOT.COM, LLC 1 5.50% $9,093
    Mortgage Research Center, LLC 1 3.99% $2,670
    MOVEMENT MORTGAGE, LLC 1 5.75% $5,466
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.63% $8,046
    Simmons Bank 1 5.63% $4,338
    Bell Bank 1 3.50% $7,816
    Victorian Finance, LLC 1 2.88% $3,411
    Commerce Bank 1 5.63% $4,268
    Equity Prime Mortgage LLC 1 6.25% $3,899
    FIRST INTEGRITY MORTGAGE SERVICES, INC. 1 5.63% $5,614
    First Savings Bank 1 6.25% $11,365

    The top Columbia USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 20 USDA loans originated. Their average total fees are $4,676, which is $1,275 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. ($4,676), The Central Trust Bank ($5,172), DAS Acquisition Company, LLC ($5,952), .

    The lowest rate Columbia USDA lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. (4.72%), The Central Trust Bank (4.88%), DAS Acquisition Company, LLC (5.61%), .

    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%) $281,309 (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%) $293,218 (-3.0%) 0.83 913
    2018-07-01 $248,050 (3.6%) $292,455 (-0.1%) 0.83 922
    2018-08-01 $237,425 (2.6%) $286,035 (-0.1%) 0.80 952
    2018-09-01 $234,900 (5.6%) $278,854 (0.3%) 0.79 999
    2018-10-01 $232,475 (3.4%) $276,905 (-0.1%) 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%) $286,340 (0.0%) 0.77 790
    2019-04-01 $244,962 (-0.3%) $292,364 (0.3%) 0.78 775
    2019-05-01 $246,125 (-2.5%) $289,995 (-1.4%) 0.77 786
    2019-06-01 $242,500 (-3.0%) $291,725 (-0.5%) 0.76 808
    2019-07-01 $239,950 (-3.3%) $292,522 (0.0%) 0.75 824
    2019-08-01 $240,882 (1.5%) $292,929 (2.4%) 0.76 792
    2019-09-01 $242,355 (3.2%) $294,147 (5.5%) 0.78 764
    2019-10-01 $244,975 (5.4%) $294,958 (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 (9.3%) 0.84 502
    2020-05-01 $267,000 (8.5%) $317,140 (9.4%) 0.81 486
    2020-06-01 $272,450 (12.4%) $333,351 (14.3%) 0.80 469
    2020-07-01 $276,950 (15.4%) $340,382 (16.4%) 0.80 455
    2020-08-01 $276,900 (15.0%) $336,721 (15.0%) 0.79 439
    2020-09-01 $264,900 (9.3%) $327,163 (11.2%) 0.76 410
    2020-10-01 $248,900 (1.6%) $316,776 (7.4%) 0.71 399
    2020-11-01 $245,000 (2.1%) $326,337 (10.6%) 0.72 376
    2020-12-01 $253,175 (7.8%) $343,127 (15.7%) 0.75 331
    2021-01-01 $254,900 (11.4%) $367,875 (25.7%) 0.76 265
    2021-02-01 $248,950 (4.6%) $388,217 (31.4%) 0.72 201
    2021-03-01 $269,900 (7.7%) $373,763 (22.2%) 0.77 213
    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 (-3.2%) $344,978 (2.5%) 0.71 314
    2021-09-01 $251,450 (-5.1%) $330,602 (1.1%) 0.67 303
    2021-10-01 $269,900 (8.4%) $338,086 (6.7%) 0.72 294
    2021-11-01 $260,000 (6.1%) $337,462 (3.4%) 0.70 256
    2021-12-01 $277,812 (9.7%) $351,981 (2.6%) 0.75 218
    2022-01-01 $317,450 (24.5%) $368,817 (0.3%) 0.86 166
    2022-02-01 $314,048 (26.2%) $392,129 (1.0%) 0.82 163
    2022-03-01 $304,988 (13.0%) $386,958 (3.5%) 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 (32.9%) $407,744 (20.8%) 0.83 407
    2022-12-01 $342,450 (23.3%) $406,068 (15.4%) 0.85 355
    2023-01-01 $354,450 (11.7%) $415,031 (12.5%) 0.88 299
    2023-02-01 $352,500 (12.2%) $408,961 (4.3%) 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 $394,450 (15.5%) $476,089 (10.8%) 0.89 326
    2023-06-01 $398,075 (17.7%) $476,657 (11.9%) 0.89 327
    2023-07-01 $389,900 (16.4%) $459,003 (9.0%) 0.89 416
    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
    Columbia's median listing price for 2023-10-01 was $397,000, a difference of $47,000 (13.4%) versus the prior year and $10,750 versus the prior month.

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

    Columbia's average listing price for 2023-10-01 was $467,196, a difference of $49,210 (11.8%) versus the prior year and $3,075 versus the prior month.

    For the 2023-10-01 period, Columbia had 425 MLS listings, a difference of 11 listings (3%) versus the prior month and 26 listings (7%) 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 1,993 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 2,230 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 2,065 sqft
    2019-04-01 43 days 2,150 sqft
    2019-05-01 47 days 2,144 sqft
    2019-06-01 53 days 2,151 sqft
    2019-07-01 56 days 2,088 sqft
    2019-08-01 58 days 2,102 sqft
    2019-09-01 60 days 2,124 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 2,097 sqft
    2020-09-01 44 days 2,005 sqft
    2020-10-01 37 days 1,953 sqft
    2020-11-01 41 days 1,931 sqft
    2020-12-01 54 days 1,968 sqft
    2021-01-01 58 days 1,969 sqft
    2021-02-01 28 days 1,945 sqft
    2021-03-01 18 days 1,953 sqft
    2021-04-01 21 days 2,126 sqft
    2021-05-01 15 days 2,021 sqft
    2021-06-01 16 days 1,986 sqft
    2021-07-01 22 days 2,053 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 1,938 sqft
    2021-12-01 44 days 1,972 sqft
    2022-01-01 41 days 2,000 sqft
    2022-02-01 26 days 1,977 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 2,224 sqft
    2023-07-01 26 days 2,120 sqft
    2023-08-01 42 days 2,164 sqft
    2023-09-01 51 days 2,200 sqft
    2023-10-01 53 days 2,219 sqft
    Columbia's median listing age (time on market) for 2023-10-01 was 53 days. This is 17% longer than the same period one year ago.

    Columbia's median square footage for active listings during the 2023-10-01 period was 2,219 sqft. One year prior, the average listing was 2,004 sqft.