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 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 6.52% for the week of 2024-05-17, compared to the national average (all USDA variants) of 6.75% for the same period.

Columbia's average USDA mortgage closing costs are $5,295.

The average rate for the prior week (2024-05-10) was 6.45% and one month ago for the week of 2024-04-12, the average rate was 6.38%.

The average rate one year ago was 6.36%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.76%.

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
Columbia's median listing price for 2024-04-01 was $307,705, a difference of $-7,295 (-2.3%) versus the prior year and $7,705 versus the prior month.

Columbia's median listing price comes in at 72% of the national average.

Columbia's average listing price for 2024-04-01 was $391,655, a difference of $8,969 (2.3%) versus the prior year and $7,555 versus the prior month.

For the 2024-04-01 period, Columbia had 1,907 MLS listings, a difference of 25 listings (1%) versus the prior month and 516 listings (37%) 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
Columbia's median listing age (time on market) for 2024-04-01 was 38 days. This is 9% longer than the same period one year ago.

Columbia's median square footage for active listings during the 2024-04-01 period was 2,029 sqft. One year prior, the average listing was 2,205 sqft.