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%.
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 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 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.
