Columbia USDA Loan Rates, Closing Costs & Stats

COLUMBIA, SC

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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 46 lenders originated 105 USDA loans during 2023. The total origination value was $24,115,000, with an average USDA loan value of $229,667.

    Columbia USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Columbia averaged 5.97% 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 $5,295.

    The average rate for the prior week (2024-12-06) was 6.4% and one month ago for the week of 2024-11-08, the average rate was 6.42%.

    The average rate one year ago was 6.79%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.51%.

    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
    GUILD MORTGAGE COMPANY 19 6.80% $8,047
    DHI MORTGAGE COMPANY, LTD. 10 5.30% $5,473
    CROSSCOUNTRY MORTGAGE, LLC 6 6.64% $8,678
    Ameris Bank 4 6.09% $9,540
    First Palmetto Bank 4 6.03% $5,907
    RESOURCE FINANCIAL SERVICES, INC. 4 6.50% $6,368
    FBC MORTGAGE, LLC 3 5.62% $6,247
    Flagstar Bank, FSB 3 6.54% $7,320
    NEWREZ LLC 3 7.21% $8,086
    EAGLE HOME MORTGAGE, LLC 3 6.71% $9,221
    VANDERBILT MORTGAGE AND FINANCE, INC. 2 6.13% $7,453
    Assurance Financial Group, L.L.C. 2 6.50% $6,696
    CARDINAL FINANCIAL 2 5.31% $10,901
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.50% $5,229
    GUARANTEED RATE, INC. 2 6.23% $7,262
    HOMESIDE FINANCIAL, LLC 2 7.06% $7,632
    MOVEMENT MORTGAGE, LLC 2 5.63% $8,459
    THRIVE MORTGAGE, LLC 2 6.06% $8,947
    UNITED WHOLESALE MORTGAGE, LLC 2 6.31% $8,921
    FREEDOM MORTGAGE CORPORATION 1 6.50% $6,478
    Gateway First Bank 1 6.25% $9,011
    GENEVA FINANCIAL, LLC 1 6.88% $11,751
    GUARANTEED RATE AFFINITY, LLC 1 6.75% $5,824
    Trustmark National Bank 1 6.63% $6,988
    BROKER SOLUTIONS, INC. 1 6.75% $6,007
    UNION HOME MORTGAGE CORP. 1 6.88% $5,441
    INTERLINC MORTGAGE SERVICES, LLC 1 7.00% $6,674
    LEADERONE FINANCIAL CORPORATION 1 5.63% $12,466
    Magnolia Bank 1 5.13% $5,316
    MID AMERICA MORTGAGE, INC. 1 6.75% $4,235
    Mortgage Research Center, LLC 1 6.75% $4,683
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.25% $9,406
    Blue Ridge Bank 1 6.88% $8,360
    NFM, INC. 1 7.13% $8,761
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.25% $12,611
    Prosperity Home Mortgage, LLC 1 6.13% $9,122
    RANLIFE, INC. 1 6.13% $12,468
    Renasant Bank 1 6.50% $7,262
    BAY EQUITY LLC 1 6.75% $9,474
    Synovus Bank 1 5.88% $7,570
    Equity Prime Mortgage LLC 1 6.75% $5,548
    Uwharrie Bank 1 6.25% $9,673
    Citizens Bank 1 5.88% $5,604
    First Heritage Mortgage, LLC 1 5.49% $14,679
    Century Mortgage Company DBA Century Lending Company 1 5.50% $15,624
    CALCON MUTUAL MORTGAGE LLC 1 6.75% $8,092

    The top Columbia USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 19 USDA loans originated. Their average total fees are $8,047, which is $2,574 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Columbia USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($5,473), GUILD MORTGAGE COMPANY ($8,047), .

    The lowest rate Columbia USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.30%), GUILD MORTGAGE COMPANY (6.80%), .

    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 $199,000 (5.3%) $250,635 (6.1%) 0.74 3,403
    2018-02-01 $198,750 (8.9%) $252,681 (-4.3%) 0.72 3,362
    2018-03-01 $200,000 (8.4%) $261,067 (14.1%) 0.70 3,417
    2018-04-01 $212,000 (7.7%) $264,621 (7.0%) 0.72 3,469
    2018-05-01 $216,819 (8.7%) $271,944 (8.4%) 0.72 3,422
    2018-06-01 $225,000 (12.9%) $281,116 (11.9%) 0.75 3,436
    2018-07-01 $225,000 (12.8%) $281,029 (11.3%) 0.75 3,595
    2018-08-01 $224,200 (12.2%) $276,881 (8.9%) 0.75 3,536
    2018-09-01 $224,900 (13.0%) $275,872 (8.9%) 0.76 3,482
    2018-10-01 $222,181 (11.2%) $300,798 (18.9%) 0.75 3,471
    2018-11-01 $229,500 (14.9%) $277,963 (10.3%) 0.78 3,372
    2018-12-01 $232,990 (16.8%) $280,093 (12.0%) 0.80 3,180
    2019-01-01 $229,375 (15.3%) $273,509 (9.1%) 0.79 3,067
    2019-02-01 $228,578 (15.0%) $273,652 (8.3%) 0.77 3,097
    2019-03-01 $234,186 (17.1%) $281,140 (7.7%) 0.77 3,058
    2019-04-01 $239,900 (13.2%) $289,161 (9.3%) 0.76 3,015
    2019-05-01 $239,000 (10.2%) $290,134 (6.7%) 0.75 3,031
    2019-06-01 $239,000 (6.2%) $284,406 (1.2%) 0.75 3,086
    2019-07-01 $234,951 (4.4%) $281,816 (0.3%) 0.74 3,147
    2019-08-01 $232,200 (3.6%) $281,164 (1.6%) 0.74 3,151
    2019-09-01 $228,150 (1.5%) $280,127 (1.5%) 0.73 3,111
    2019-10-01 $227,900 (2.6%) $281,917 (-6.3%) 0.74 3,029
    2019-11-01 $228,366 (-0.5%) $282,633 (1.7%) 0.75 2,952
    2019-12-01 $227,625 (-2.3%) $282,334 (0.8%) 0.76 2,854
    2020-01-01 $228,968 (-0.2%) $280,604 (2.6%) 0.77 2,673
    2020-02-01 $234,000 (2.4%) $283,386 (3.6%) 0.77 2,565
    2020-03-01 $239,553 (2.3%) $291,886 (3.8%) 0.75 2,436
    2020-04-01 $243,527 (1.5%) $296,166 (2.4%) 0.76 2,466
    2020-05-01 $248,427 (3.9%) $303,001 (4.4%) 0.76 2,262
    2020-06-01 $249,900 (4.6%) $306,177 (7.7%) 0.74 1,958
    2020-07-01 $250,000 (6.4%) $310,580 (10.2%) 0.72 1,796
    2020-08-01 $253,950 (9.4%) $316,557 (12.6%) 0.73 1,675
    2020-09-01 $249,950 (9.6%) $308,246 (10.0%) 0.72 1,628
    2020-10-01 $245,000 (7.5%) $300,419 (6.6%) 0.70 1,601
    2020-11-01 $249,904 (9.4%) $306,915 (8.6%) 0.73 1,534
    2020-12-01 $250,086 (9.9%) $308,620 (9.3%) 0.74 1,388
    2021-01-01 $249,100 (8.8%) $310,895 (10.8%) 0.74 1,257
    2021-02-01 $252,590 (7.9%) $314,869 (11.1%) 0.74 1,094
    2021-03-01 $253,419 (5.8%) $322,907 (10.6%) 0.72 953
    2021-04-01 $264,354 (8.6%) $332,964 (12.4%) 0.72 859
    2021-05-01 $259,900 (4.6%) $328,695 (8.5%) 0.69 828
    2021-06-01 $254,950 (2.0%) $321,860 (5.1%) 0.67 884
    2021-07-01 $265,000 (6.0%) $327,948 (5.6%) 0.70 1,076
    2021-08-01 $273,421 (7.7%) $336,667 (6.4%) 0.73 1,204
    2021-09-01 $275,293 (10.1%) $341,300 (10.7%) 0.73 1,240
    2021-10-01 $281,295 (14.8%) $345,470 (15.0%) 0.75 1,284
    2021-11-01 $290,271 (16.2%) $351,790 (14.6%) 0.78 1,161
    2021-12-01 $297,077 (18.8%) $358,814 (16.3%) 0.80 1,107
    2022-01-01 $299,971 (20.4%) $361,340 (16.2%) 0.81 960
    2022-02-01 $301,876 (19.5%) $365,776 (16.2%) 0.79 866
    2022-03-01 $305,580 (20.6%) $360,275 (11.6%) 0.77 865
    2022-04-01 $306,066 (15.8%) $362,888 (9.0%) 0.73 856
    2022-05-01 $312,866 (20.4%) $379,551 (15.5%) 0.72 1,071
    2022-06-01 $317,300 (24.5%) $386,397 (20.1%) 0.71 1,191
    2022-07-01 $319,900 (20.7%) $388,504 (18.5%) 0.72 1,561
    2022-08-01 $319,308 (16.8%) $385,978 (14.7%) 0.74 1,662
    2022-09-01 $309,950 (12.6%) $379,174 (11.1%) 0.72 1,720
    2022-10-01 $306,356 (8.9%) $375,121 (8.6%) 0.72 1,790
    2022-11-01 $303,024 (4.4%) $370,116 (5.2%) 0.73 1,791
    2022-12-01 $299,000 (0.7%) $364,851 (1.7%) 0.74 1,677
    2023-01-01 $299,950 (0.0%) $358,450 (-0.8%) 0.74 1,558
    2023-02-01 $301,694 (-0.1%) $359,312 (-1.8%) 0.73 1,479
    2023-03-01 $304,725 (-0.3%) $366,898 (1.8%) 0.72 1,438
    2023-04-01 $315,000 (2.9%) $382,686 (5.5%) 0.73 1,391
    2023-05-01 $325,394 (4.0%) $390,560 (2.9%) 0.74 1,348
    2023-06-01 $337,000 (6.2%) $407,512 (5.5%) 0.76 1,418
    2023-07-01 $327,165 (2.3%) $393,687 (1.3%) 0.74 1,502
    2023-08-01 $320,000 (0.2%) $385,043 (-0.2%) 0.73 1,604
    2023-09-01 $310,000 (0.0%) $374,580 (-1.2%) 0.72 1,757
    2023-10-01 $304,345 (-0.7%) $373,618 (-0.4%) 0.72 1,859
    2023-11-01 $302,504 (-0.2%) $375,002 (1.3%) 0.72 1,959
    2023-12-01 $299,900 (0.3%) $368,034 (0.9%) 0.73 1,936
    2024-01-01 $299,620 (-0.1%) $394,792 (10.1%) 0.73 1,902
    2024-02-01 $300,000 (-0.6%) $376,824 (4.9%) 0.72 1,872
    2024-03-01 $300,000 (-1.6%) $384,100 (4.7%) 0.71 1,882
    2024-04-01 $307,705 (-2.3%) $391,655 (2.3%) 0.72 1,907
    2024-05-01 $312,431 (-4.0%) $406,067 (4.0%) 0.71 1,911
    2024-06-01 $315,000 (-6.5%) $403,395 (-1.0%) 0.71 2,031
    2024-07-01 $315,000 (-3.7%) $401,340 (1.9%) 0.72 2,181
    2024-08-01 $312,000 (-2.5%) $394,532 (2.5%) 0.73 2,294
    2024-09-01 $309,923 (0.0%) $392,366 (4.8%) 0.73 2,337
    2024-10-01 $308,181 (1.3%) $389,072 (4.1%) 0.73 2,324
    2024-11-01 $305,803 (1.1%) $386,981 (3.2%) 0.73 2,449
    Columbia's median listing price for 2024-11-01 was $305,803, a difference of $3,299 (1.1%) versus the prior year and $-2,378 versus the prior month.

    Columbia's median listing price comes in at 73% of the national average.

    Columbia's average listing price for 2024-11-01 was $386,981, a difference of $11,979 (3.2%) versus the prior year and $-2,091 versus the prior month.

    For the 2024-11-01 period, Columbia had 2,449 MLS listings, a difference of 125 listings (5%) versus the prior month and 490 listings (25%) 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 75 days 2,153 sqft
    2018-02-01 68 days 2,158 sqft
    2018-03-01 55 days 2,205 sqft
    2018-04-01 52 days 2,238 sqft
    2018-05-01 52 days 2,245 sqft
    2018-06-01 52 days 2,278 sqft
    2018-07-01 54 days 2,274 sqft
    2018-08-01 58 days 2,248 sqft
    2018-09-01 63 days 2,231 sqft
    2018-10-01 67 days 2,225 sqft
    2018-11-01 72 days 2,254 sqft
    2018-12-01 77 days 2,266 sqft
    2019-01-01 77 days 2,241 sqft
    2019-02-01 65 days 2,232 sqft
    2019-03-01 56 days 2,249 sqft
    2019-04-01 53 days 2,263 sqft
    2019-05-01 53 days 2,246 sqft
    2019-06-01 52 days 2,255 sqft
    2019-07-01 50 days 2,241 sqft
    2019-08-01 51 days 2,228 sqft
    2019-09-01 54 days 2,224 sqft
    2019-10-01 56 days 2,228 sqft
    2019-11-01 60 days 2,218 sqft
    2019-12-01 69 days 2,204 sqft
    2020-01-01 71 days 2,199 sqft
    2020-02-01 60 days 2,225 sqft
    2020-03-01 49 days 2,242 sqft
    2020-04-01 46 days 2,251 sqft
    2020-05-01 57 days 2,250 sqft
    2020-06-01 50 days 2,252 sqft
    2020-07-01 44 days 2,249 sqft
    2020-08-01 39 days 2,248 sqft
    2020-09-01 38 days 2,238 sqft
    2020-10-01 37 days 2,196 sqft
    2020-11-01 42 days 2,213 sqft
    2020-12-01 46 days 2,208 sqft
    2021-01-01 43 days 2,143 sqft
    2021-02-01 32 days 2,076 sqft
    2021-03-01 22 days 2,045 sqft
    2021-04-01 18 days 2,061 sqft
    2021-05-01 16 days 2,027 sqft
    2021-06-01 15 days 1,993 sqft
    2021-07-01 17 days 2,020 sqft
    2021-08-01 22 days 2,051 sqft
    2021-09-01 26 days 2,080 sqft
    2021-10-01 29 days 2,126 sqft
    2021-11-01 32 days 2,168 sqft
    2021-12-01 38 days 2,196 sqft
    2022-01-01 43 days 2,166 sqft
    2022-02-01 23 days 2,076 sqft
    2022-03-01 19 days 2,017 sqft
    2022-04-01 17 days 2,000 sqft
    2022-05-01 17 days 2,004 sqft
    2022-06-01 23 days 2,075 sqft
    2022-07-01 24 days 2,137 sqft
    2022-08-01 35 days 2,172 sqft
    2022-09-01 38 days 2,148 sqft
    2022-10-01 44 days 2,170 sqft
    2022-11-01 51 days 2,171 sqft
    2022-12-01 58 days 2,153 sqft
    2023-01-01 52 days 2,166 sqft
    2023-02-01 41 days 2,178 sqft
    2023-03-01 36 days 2,175 sqft
    2023-04-01 35 days 2,205 sqft
    2023-05-01 33 days 2,229 sqft
    2023-06-01 34 days 2,246 sqft
    2023-07-01 35 days 2,198 sqft
    2023-08-01 35 days 2,165 sqft
    2023-09-01 38 days 2,093 sqft
    2023-10-01 41 days 2,075 sqft
    2023-11-01 42 days 2,051 sqft
    2023-12-01 48 days 2,000 sqft
    2024-01-01 51 days 2,000 sqft
    2024-02-01 43 days 2,027 sqft
    2024-03-01 42 days 2,032 sqft
    2024-04-01 38 days 2,029 sqft
    2024-05-01 38 days 2,047 sqft
    2024-06-01 38 days 2,042 sqft
    2024-07-01 41 days 2,044 sqft
    2024-08-01 45 days 2,025 sqft
    2024-09-01 50 days 2,009 sqft
    2024-10-01 51 days 2,000 sqft
    2024-11-01 51 days 1,992 sqft
    Columbia's median listing age (time on market) for 2024-11-01 was 51 days. This is 23% longer than the same period one year ago.

    Columbia's median square footage for active listings during the 2024-11-01 period was 1,992 sqft. One year prior, the average listing was 2,051 sqft.