Columbia USDA Loan Rates, Closing Costs & Stats
COLUMBIA, SC
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 88 lenders originated 453 USDA loans during 2021. The total origination value was $88,865,000, with an average USDA loan value of $196,170.
Columbia USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Columbia
averaged
-0.19%
for the week of 2023-01-20, compared to the national average (all USDA variants) of
0% for the same period.
Columbia's average USDA mortgage closing costs are $4,993.
The average rate for the prior week (2023-01-13) was
6.36% and
one month ago for the week of 2022-12-16, the
average rate was 6.13%.
The average rate one year ago was 3.85%.
For refis of the same type during the week of 2023-01-20, the average rate
was -0.46%.
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.
The top Columbia USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
91 USDA loans originated. Their average total fees are
$6,014, which is $264
higher than the next largest lender,
LENDUS, LLC.
The lowest fee Columbia USDA lenders (with over 10 loans originated) are
First Community Bank ($2,814), MIDLAND MORTGAGE CORPORATION ($3,950), DHI MORTGAGE COMPANY, LTD. ($4,816), RESOURCE FINANCIAL SERVICES, INC. ($5,145) and LOANDEPOT.COM, LLC ($5,173).
The lowest rate Columbia USDA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (2.58%), RESOURCE FINANCIAL SERVICES, INC. (2.77%), MIDLAND MORTGAGE CORPORATION (2.92%), First Community Bank (2.92%) and ANGEL OAK HOME LOANS LLC (2.93%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Columbia (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $199,000 (5.3%) | $250,698 (6.1%) | 0.74 | 3,398 |
2018-02-01 | $198,700 (8.9%) | $252,763 (-4.2%) | 0.72 | 3,355 |
2018-03-01 | $200,000 (8.4%) | $261,162 (14.1%) | 0.70 | 3,410 |
2018-04-01 | $212,000 (7.7%) | $264,775 (7.0%) | 0.72 | 3,467 |
2018-05-01 | $217,495 (9.1%) | $272,174 (8.5%) | 0.73 | 3,422 |
2018-06-01 | $225,577 (13.2%) | $281,465 (12.0%) | 0.75 | 3,439 |
2018-07-01 | $225,000 (12.8%) | $281,386 (11.5%) | 0.75 | 3,596 |
2018-08-01 | $224,209 (12.2%) | $277,225 (9.0%) | 0.75 | 3,536 |
2018-09-01 | $224,900 (13.0%) | $276,217 (9.0%) | 0.75 | 3,480 |
2018-10-01 | $222,376 (11.2%) | $301,206 (19.1%) | 0.75 | 3,469 |
2018-11-01 | $229,500 (14.9%) | $278,388 (10.4%) | 0.78 | 3,370 |
2018-12-01 | $232,990 (17.0%) | $280,391 (12.1%) | 0.80 | 3,180 |
2019-01-01 | $229,375 (15.3%) | $273,860 (9.2%) | 0.79 | 3,067 |
2019-02-01 | $228,475 (15.0%) | $273,600 (8.2%) | 0.77 | 3,095 |
2019-03-01 | $234,186 (17.1%) | $281,251 (7.7%) | 0.77 | 3,056 |
2019-04-01 | $239,843 (13.1%) | $289,288 (9.3%) | 0.76 | 3,017 |
2019-05-01 | $239,000 (9.9%) | $289,989 (6.6%) | 0.75 | 3,036 |
2019-06-01 | $239,000 (6.0%) | $284,125 (0.9%) | 0.75 | 3,092 |
2019-07-01 | $234,950 (4.4%) | $281,507 (0.0%) | 0.74 | 3,153 |
2019-08-01 | $232,164 (3.6%) | $280,839 (1.3%) | 0.73 | 3,159 |
2019-09-01 | $228,134 (1.4%) | $279,778 (1.3%) | 0.73 | 3,120 |
2019-10-01 | $227,898 (2.5%) | $281,539 (-6.5%) | 0.74 | 3,040 |
2019-11-01 | $227,850 (-0.7%) | $282,241 (1.4%) | 0.75 | 2,963 |
2019-12-01 | $227,019 (-2.6%) | $281,915 (0.5%) | 0.76 | 2,865 |
2020-01-01 | $228,477 (-0.4%) | $280,185 (2.3%) | 0.76 | 2,684 |
2020-02-01 | $233,942 (2.4%) | $282,945 (3.4%) | 0.76 | 2,577 |
2020-03-01 | $239,500 (2.3%) | $291,483 (3.6%) | 0.75 | 2,446 |
2020-04-01 | $242,793 (1.2%) | $295,872 (2.3%) | 0.76 | 2,470 |
2020-05-01 | $248,000 (3.8%) | $302,666 (4.4%) | 0.75 | 2,266 |
2020-06-01 | $249,900 (4.6%) | $305,726 (7.6%) | 0.74 | 1,962 |
2020-07-01 | $250,000 (6.4%) | $310,011 (10.1%) | 0.72 | 1,802 |
2020-08-01 | $252,990 (9.0%) | $315,966 (12.5%) | 0.72 | 1,680 |
2020-09-01 | $249,950 (9.6%) | $307,812 (10.0%) | 0.72 | 1,630 |
2020-10-01 | $245,000 (7.5%) | $300,003 (6.6%) | 0.70 | 1,603 |
2020-11-01 | $249,950 (9.7%) | $306,805 (8.7%) | 0.73 | 1,527 |
2020-12-01 | $250,211 (10.2%) | $308,281 (9.4%) | 0.74 | 1,387 |
2021-01-01 | $249,900 (9.4%) | $310,548 (10.8%) | 0.75 | 1,255 |
2021-02-01 | $252,447 (7.9%) | $314,390 (11.1%) | 0.73 | 1,096 |
2021-03-01 | $250,403 (4.6%) | $321,673 (10.4%) | 0.71 | 958 |
2021-04-01 | $259,925 (7.1%) | $331,907 (12.2%) | 0.70 | 865 |
2021-05-01 | $255,500 (3.0%) | $327,305 (8.1%) | 0.68 | 827 |
2021-06-01 | $251,700 (0.7%) | $320,396 (4.8%) | 0.66 | 893 |
2021-07-01 | $264,990 (6.0%) | $326,694 (5.4%) | 0.70 | 1,074 |
2021-08-01 | $269,950 (6.7%) | $335,668 (6.2%) | 0.72 | 1,195 |
2021-09-01 | $273,675 (9.5%) | $340,213 (10.5%) | 0.73 | 1,223 |
2021-10-01 | $279,000 (13.9%) | $344,178 (14.7%) | 0.74 | 1,260 |
2021-11-01 | $286,482 (14.6%) | $350,940 (14.4%) | 0.77 | 1,132 |
2021-12-01 | $292,793 (17.0%) | $358,942 (16.4%) | 0.79 | 1,066 |
2022-01-01 | $298,900 (19.6%) | $362,265 (16.7%) | 0.81 | 908 |
2022-02-01 | $299,450 (18.6%) | $366,227 (16.5%) | 0.78 | 818 |
2022-03-01 | $300,000 (19.8%) | $359,853 (11.9%) | 0.75 | 816 |
2022-04-01 | $300,000 (15.4%) | $361,868 (9.0%) | 0.72 | 833 |
2022-05-01 | $306,006 (19.8%) | $377,331 (15.3%) | 0.70 | 1,036 |
2022-06-01 | $314,975 (25.1%) | $384,767 (20.1%) | 0.70 | 1,151 |
2022-07-01 | $317,366 (19.8%) | $387,423 (18.6%) | 0.72 | 1,506 |
2022-08-01 | $315,666 (16.9%) | $385,510 (14.9%) | 0.73 | 1,613 |
2022-09-01 | $307,115 (12.2%) | $378,438 (11.2%) | 0.72 | 1,679 |
2022-10-01 | $305,000 (9.3%) | $373,963 (8.7%) | 0.72 | 1,767 |
2022-11-01 | $300,384 (4.9%) | $368,806 (5.1%) | 0.72 | 1,791 |
2022-12-01 | $296,990 (1.4%) | $359,975 (0.3%) | 0.74 | 1,716 |
Columbia's median listing price comes in at 74% of the national average.
Columbia's average listing price for 2022-12-01 was $359,975, a difference of $1,033 (0.3%) versus the prior year and $-8,831 versus the prior month.
For the 2022-12-01 period, Columbia had 1,716 MLS listings, a difference of -75 listings (-4%) versus the prior month and 650 listings (61%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Columbia (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 81 days | 2,151 sqft |
2018-02-01 | 74 days | 2,157 sqft |
2018-03-01 | 60 days | 2,202 sqft |
2018-04-01 | 57 days | 2,237 sqft |
2018-05-01 | 55 days | 2,245 sqft |
2018-06-01 | 57 days | 2,278 sqft |
2018-07-01 | 59 days | 2,275 sqft |
2018-08-01 | 61 days | 2,248 sqft |
2018-09-01 | 67 days | 2,231 sqft |
2018-10-01 | 73 days | 2,228 sqft |
2018-11-01 | 78 days | 2,257 sqft |
2018-12-01 | 85 days | 2,266 sqft |
2019-01-01 | 83 days | 2,241 sqft |
2019-02-01 | 72 days | 2,232 sqft |
2019-03-01 | 64 days | 2,249 sqft |
2019-04-01 | 58 days | 2,263 sqft |
2019-05-01 | 54 days | 2,246 sqft |
2019-06-01 | 54 days | 2,255 sqft |
2019-07-01 | 52 days | 2,241 sqft |
2019-08-01 | 54 days | 2,226 sqft |
2019-09-01 | 56 days | 2,218 sqft |
2019-10-01 | 58 days | 2,223 sqft |
2019-11-01 | 62 days | 2,211 sqft |
2019-12-01 | 71 days | 2,200 sqft |
2020-01-01 | 72 days | 2,195 sqft |
2020-02-01 | 64 days | 2,225 sqft |
2020-03-01 | 50 days | 2,241 sqft |
2020-04-01 | 48 days | 2,249 sqft |
2020-05-01 | 58 days | 2,248 sqft |
2020-06-01 | 53 days | 2,248 sqft |
2020-07-01 | 46 days | 2,246 sqft |
2020-08-01 | 41 days | 2,247 sqft |
2020-09-01 | 39 days | 2,237 sqft |
2020-10-01 | 39 days | 2,190 sqft |
2020-11-01 | 44 days | 2,204 sqft |
2020-12-01 | 47 days | 2,204 sqft |
2021-01-01 | 45 days | 2,118 sqft |
2021-02-01 | 34 days | 2,062 sqft |
2021-03-01 | 23 days | 2,029 sqft |
2021-04-01 | 21 days | 2,033 sqft |
2021-05-01 | 17 days | 2,016 sqft |
2021-06-01 | 16 days | 1,975 sqft |
2021-07-01 | 17 days | 2,003 sqft |
2021-08-01 | 22 days | 2,030 sqft |
2021-09-01 | 26 days | 2,054 sqft |
2021-10-01 | 29 days | 2,100 sqft |
2021-11-01 | 31 days | 2,136 sqft |
2021-12-01 | 38 days | 2,174 sqft |
2022-01-01 | 43 days | 2,123 sqft |
2022-02-01 | 22 days | 2,051 sqft |
2022-03-01 | 18 days | 2,002 sqft |
2022-04-01 | 17 days | 1,978 sqft |
2022-05-01 | 17 days | 1,986 sqft |
2022-06-01 | 23 days | 2,060 sqft |
2022-07-01 | 24 days | 2,117 sqft |
2022-08-01 | 35 days | 2,151 sqft |
2022-09-01 | 38 days | 2,124 sqft |
2022-10-01 | 44 days | 2,161 sqft |
2022-11-01 | 52 days | 2,166 sqft |
2022-12-01 | 59 days | 2,149 sqft |
Columbia's median square footage for active listings during the 2022-12-01 period was 2,149 sqft. One year prior, the average listing was 2,174 sqft.