Columbia USDA Loans

COLUMBIA, SC

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 6.29% for the week of 2022-09-23, compared to the national average (all USDA variants) of 6.08% for the same period.

    The average rate for the prior week (2022-09-16) was 6.12% and one month ago for the week of 2022-08-19, the average rate was 5.41%.

    The average rate one year ago was 3.24%.

    For refis of the same type during the week of 2022-09-23, the average rate was 6.02%.

    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 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
    GUILD MORTGAGE COMPANY 91 3.03% $6,014
    LENDUS, LLC 22 2.98% $5,750
    VANDERBILT MORTGAGE AND FINANCE, INC. 18 2.95% $5,905
    DHI MORTGAGE COMPANY, LTD. 18 2.58% $4,816
    SUCCESS MORTGAGE PARTNERS, INC. 16 3.08% $5,403
    Network Funding, L.P. 15 3.13% $5,361
    MIDLAND MORTGAGE CORPORATION 15 2.92% $3,950
    ANGEL OAK HOME LOANS LLC 14 2.93% $5,473
    LOANDEPOT.COM, LLC 13 3.38% $5,173
    NVR Mortgage Finance, Inc. 13 3.07% $6,377
    First Community Bank 12 2.92% $2,814
    Ameris Bank 12 2.98% $5,551
    RESOURCE FINANCIAL SERVICES, INC. 11 2.77% $5,145
    MOVEMENT MORTGAGE, LLC 8 2.78% $4,696
    GUARANTEED RATE AFFINITY, LLC 8 2.86% $6,182
    Magnolia Bank 8 3.19% $5,059
    MID AMERICA MORTGAGE, INC. 8 2.91% $4,269
    BROKER SOLUTIONS, INC. 7 3.21% $5,170
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 7 3.02% $6,172
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 3.18% $6,228
    Colten Mortgage, LLC 6 2.85% $4,703
    First-Citizens Bank & Trust Company 4 2.56% $4,360
    Flagstar Bank, FSB 4 2.79% $4,335
    Bank of England 4 3.00% $7,433
    CMG MORTGAGE, INC. 4 3.13% $7,108
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 3.50% $5,348
    First Palmetto Bank 4 2.53% $5,168
    TOWNE MORTGAGE COMPANY 3 3.33% $6,103
    BAY EQUITY LLC 3 2.71% $5,529
    AMERICAN FINANCIAL RESOURCES, INC. 3 3.21% $4,287
    Carrington Mortgage Services, LLC 3 3.96% $8,168
    Renasant Bank 3 3.04% $4,542
    UNION HOME MORTGAGE CORP. 3 2.92% $4,345
    CROSSCOUNTRY MORTGAGE, LLC 3 2.96% $5,647
    GENEVA FINANCIAL, LLC 3 3.00% $4,966
    Wells Fargo Bank 2 3.56% $5,239
    CALCON MUTUAL MORTGAGE LLC 2 3.75% $7,416
    CALIBER HOME LOANS, INC. 2 2.75% $5,636
    Citizens Bank 2 2.75% $5,910
    First Guaranty Mortgage Corporation 2 2.94% $5,018
    First Heritage Mortgage, LLC 2 2.81% $6,051
    GUARANTEED RATE, INC. 2 3.13% $5,646
    HOMEOWNERS FINANCIAL GROUP USA, LLC 2 3.63% $5,339
    HOME POINT FINANCIAL CORPORATION 2 2.43% $6,980
    HOMESTAR FINANCIAL CORPORATION 2 3.50% $2,662
    Mortgage Network, Inc. 2 2.75% $6,163
    PANORAMA MORTGAGE GROUP, LLC 2 3.00% $8,272
    PENNYMAC LOAN SERVICES, LLC 2 3.12% $6,362
    PLAZA HOME MORTGAGE, INC. 2 2.75% $4,702
    RAPID MORTGAGE COMPANY 2 2.50% $8,910
    SOUTHWEST FUNDING, LP 2 3.31% $6,101
    Assurance Financial Group, L.L.C. 1 3.25% $4,593
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.25% $5,493
    GUARANTY HOME MORTGAGE CORPORATION 1 3.75% $3,438
    GoPrime Mortgage, Inc. 1 3.00% $4,757
    NTFN, INC. 1 2.75% $4,324
    First Reliance Bank 1 2.63% $4,523
    Palmetto Citizens Federal Credit Union 1 2.63% $5,493
    Trustmark National Bank 1 3.50% $3,397
    Paramount Residential Mortgage Group, Inc. 1 2.75% $5,945
    American Security Mortgage Corp. 1 2.38% $5,658
    UNITED WHOLESALE MORTGAGE, LLC 1 2.50% $5,283
    Commonwealth Bank and Trust Company 1 2.88% $6,631
    Queensborough National Bank & Trust Company 1 2.63% $4,801
    AMERICAN FINANCIAL NETWORK, INC. 1 3.63% $3,400
    CHURCHILL MORTGAGE CORPORATION 1 2.75% $3,687
    RESIDENTIAL MORTGAGE SERVICES, INC. 1 2.25% $4,909
    Blue Ridge Bank 1 3.00% $6,480
    SeaTrust Mortgage Company 1 3.38% $5,204
    Security Federal Bank 1 2.50% $9,819
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 3.13% $9,145
    Southern First Bank 1 2.63% $4,878
    South State Bank 1 2.75% $4,538
    1ST PREFERENCE MORTGAGE CORP. 1 2.75% $3,028
    STEARNS LENDING, LLC 1 2.63% $4,416
    Atlantic Coast Mortgage, LLC 1 2.50% $4,484
    SUN WEST MORTGAGE COMPANY, INC. 1 3.38% $5,851
    SWBC MORTGAGE CORPORATION 1 3.13% $5,174
    T2 FINANCIAL LLC 1 3.13% $5,845
    TD Bank 1 3.00% $2,110
    THRIVE MORTGAGE, LLC 1 2.88% $6,938
    TJC Mortgage, Inc. 1 3.25% $5,360
    INTERLINC MORTGAGE SERVICES, LLC 1 2.75% $3,216
    INLAND BANK & TRUST 1 3.50% $7,300
    Hometown Equity Mortgage, LLC 1 3.63% $2,586
    HOMESTEAD FUNDING CORP. 1 2.63% $5,296
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.25% $7,810
    MORIA DEVELOPMENT, INC. 1 3.50% $6,122

    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. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $198,450 (5.5%) $248,447 (5.7%) 0.73 3,391
    2018-02-01 $197,750 (8.4%) $250,266 (-4.6%) 0.71 3,342
    2018-03-01 $199,990 (9.1%) $258,713 (14.0%) 0.69 3,391
    2018-04-01 $210,950 (8.2%) $262,507 (6.6%) 0.71 3,441
    2018-05-01 $215,450 (8.2%) $270,357 (8.5%) 0.72 3,393
    2018-06-01 $225,000 (13.1%) $276,496 (10.7%) 0.75 3,411
    2018-07-01 $224,900 (13.0%) $276,982 (10.2%) 0.75 3,574
    2018-08-01 $220,995 (10.8%) $272,867 (7.8%) 0.74 3,521
    2018-09-01 $222,192 (11.8%) $272,157 (7.7%) 0.74 3,465
    2018-10-01 $220,750 (10.4%) $296,439 (17.2%) 0.74 3,455
    2018-11-01 $226,695 (13.4%) $272,252 (8.7%) 0.76 3,378
    2018-12-01 $229,900 (15.5%) $274,385 (10.5%) 0.79 3,187
    2019-01-01 $228,200 (15.0%) $268,546 (8.1%) 0.79 3,058
    2019-02-01 $226,945 (14.8%) $269,062 (7.5%) 0.76 3,089
    2019-03-01 $234,134 (17.1%) $276,127 (6.7%) 0.76 3,023
    2019-04-01 $239,843 (13.7%) $284,484 (8.4%) 0.76 2,974
    2019-05-01 $239,000 (10.9%) $284,953 (5.4%) 0.74 3,020
    2019-06-01 $239,000 (6.2%) $284,559 (2.9%) 0.74 3,067
    2019-07-01 $234,950 (4.5%) $281,304 (1.6%) 0.73 3,161
    2019-08-01 $232,710 (5.3%) $280,076 (2.6%) 0.73 3,084
    2019-09-01 $229,945 (3.5%) $278,642 (2.4%) 0.73 2,957
    2019-10-01 $227,250 (2.9%) $278,544 (-6.0%) 0.72 3,013
    2019-11-01 $228,000 (0.6%) $279,808 (2.8%) 0.74 2,939
    2019-12-01 $227,188 (-1.2%) $279,069 (1.7%) 0.76 2,823
    2020-01-01 $228,240 (0.0%) $277,050 (3.2%) 0.76 2,632
    2020-02-01 $232,935 (2.6%) $278,901 (3.7%) 0.75 2,533
    2020-03-01 $239,500 (2.3%) $287,698 (4.2%) 0.75 2,376
    2020-04-01 $242,080 (0.9%) $291,562 (2.5%) 0.75 2,423
    2020-05-01 $247,000 (3.4%) $298,988 (4.9%) 0.75 2,206
    2020-06-01 $249,450 (4.4%) $300,869 (5.7%) 0.73 1,905
    2020-07-01 $249,950 (6.4%) $304,497 (8.2%) 0.72 1,755
    2020-08-01 $250,000 (7.4%) $309,396 (10.5%) 0.71 1,623
    2020-09-01 $249,900 (8.7%) $303,892 (9.1%) 0.71 1,575
    2020-10-01 $244,990 (7.8%) $295,854 (6.2%) 0.70 1,549
    2020-11-01 $249,900 (9.6%) $301,054 (7.6%) 0.72 1,481
    2020-12-01 $249,945 (10.0%) $301,164 (7.9%) 0.73 1,355
    2021-01-01 $247,889 (8.6%) $302,994 (9.4%) 0.73 1,210
    2021-02-01 $249,595 (7.2%) $305,268 (9.5%) 0.72 1,051
    2021-03-01 $251,042 (4.8%) $313,746 (9.1%) 0.70 900
    2021-04-01 $262,650 (8.5%) $324,662 (11.4%) 0.71 805
    2021-05-01 $256,900 (4.0%) $320,652 (7.3%) 0.68 770
    2021-06-01 $254,900 (2.2%) $318,235 (5.8%) 0.66 840
    2021-07-01 $262,500 (5.0%) $325,587 (6.9%) 0.68 995
    2021-08-01 $271,245 (8.5%) $333,236 (7.7%) 0.71 1,148
    2021-09-01 $274,950 (10.0%) $342,313 (12.6%) 0.72 1,184
    2021-10-01 $279,900 (14.3%) $344,233 (16.4%) 0.74 1,225
    2021-11-01 $289,925 (16.0%) $351,777 (16.9%) 0.76 1,123
    2021-12-01 $296,000 (18.4%) $357,909 (18.8%) 0.79 1,083
    2022-01-01 $299,900 (21.0%) $362,473 (19.6%) 0.80 921
    2022-02-01 $300,110 (20.2%) $364,732 (19.5%) 0.76 818
    2022-03-01 $303,900 (21.1%) $358,293 (14.2%) 0.75 809
    2022-04-01 $305,900 (16.5%) $363,784 (12.1%) 0.72 813
    2022-05-01 $311,566 (21.3%) $371,893 (16.0%) 0.70 1,034
    2022-06-01 $315,000 (23.6%) $381,805 (20.0%) 0.70 1,173
    2022-07-01 $318,346 (21.3%) $384,123 (18.0%) 0.71 1,534
    2022-08-01 $318,182 (17.3%) $387,562 (16.3%) 0.73 1,638
    Columbia's median listing price for 2022-08-01 was $318,182, a difference of $46,937 (17.3%) versus the prior year and $-164 versus the prior month.

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

    Columbia's average listing price for 2022-08-01 was $387,562, a difference of $54,326 (16.3%) versus the prior year and $3,439 versus the prior month.

    For the 2022-08-01 period, Columbia had 1,638 MLS listings, a difference of 104 listings (7%) versus the prior month and 490 listings (43%) 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 2,150 sqft
    2018-02-01 73 days 2,155 sqft
    2018-03-01 59 days 2,206 sqft
    2018-04-01 56 days 2,239 sqft
    2018-05-01 54 days 2,246 sqft
    2018-06-01 56 days 2,278 sqft
    2018-07-01 58 days 2,277 sqft
    2018-08-01 60 days 2,247 sqft
    2018-09-01 66 days 2,227 sqft
    2018-10-01 72 days 2,228 sqft
    2018-11-01 77 days 2,249 sqft
    2018-12-01 83 days 2,261 sqft
    2019-01-01 83 days 2,241 sqft
    2019-02-01 71 days 2,233 sqft
    2019-03-01 58 days 2,246 sqft
    2019-04-01 56 days 2,257 sqft
    2019-05-01 54 days 2,246 sqft
    2019-06-01 53 days 2,254 sqft
    2019-07-01 51 days 2,241 sqft
    2019-08-01 56 days 2,229 sqft
    2019-09-01 57 days 2,230 sqft
    2019-10-01 57 days 2,216 sqft
    2019-11-01 60 days 2,213 sqft
    2019-12-01 69 days 2,205 sqft
    2020-01-01 70 days 2,200 sqft
    2020-02-01 60 days 2,225 sqft
    2020-03-01 50 days 2,241 sqft
    2020-04-01 46 days 2,249 sqft
    2020-05-01 55 days 2,250 sqft
    2020-06-01 51 days 2,251 sqft
    2020-07-01 46 days 2,247 sqft
    2020-08-01 41 days 2,246 sqft
    2020-09-01 39 days 2,236 sqft
    2020-10-01 37 days 2,197 sqft
    2020-11-01 43 days 2,220 sqft
    2020-12-01 45 days 2,207 sqft
    2021-01-01 43 days 2,120 sqft
    2021-02-01 33 days 2,065 sqft
    2021-03-01 24 days 2,037 sqft
    2021-04-01 21 days 2,049 sqft
    2021-05-01 19 days 2,017 sqft
    2021-06-01 16 days 1,988 sqft
    2021-07-01 18 days 2,016 sqft
    2021-08-01 22 days 2,054 sqft
    2021-09-01 26 days 2,076 sqft
    2021-10-01 29 days 2,125 sqft
    2021-11-01 33 days 2,172 sqft
    2021-12-01 39 days 2,199 sqft
    2022-01-01 44 days 2,168 sqft
    2022-02-01 27 days 2,080 sqft
    2022-03-01 21 days 2,015 sqft
    2022-04-01 18 days 2,000 sqft
    2022-05-01 20 days 2,002 sqft
    2022-06-01 24 days 2,062 sqft
    2022-07-01 24 days 2,148 sqft
    2022-08-01 35 days 2,166 sqft
    Columbia's median listing age (time on market) for 2022-08-01 was 35 days. This is 63% longer than the same period one year ago.

    Columbia's median square footage for active listings during the 2022-08-01 period was 2,166 sqft. One year prior, the average listing was 2,054 sqft.