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 44 lenders originated 137 USDA loans during 2022. The total origination value was $31,325,000, with an average USDA loan value of $228,650.

    Columbia USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Columbia averaged 6.83% for the week of 2023-09-15, compared to the national average (all USDA variants) of 6.982% for the same period.

    Columbia's average USDA mortgage closing costs are $5,163.

    The average rate for the prior week (2023-09-08) was 6.52% and one month ago for the week of 2023-08-11, the average rate was 6.75%.

    The average rate one year ago was 5.37%.

    For refis of the same type during the week of 2023-09-15, the average rate was 5.55%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 36 4.64% $7,981
    CROSSCOUNTRY MORTGAGE, LLC 11 5.42% $7,992
    VANDERBILT MORTGAGE AND FINANCE, INC. 10 4.49% $9,181
    GUARANTEED RATE AFFINITY, LLC 6 4.23% $7,316
    NVR Mortgage Finance, Inc. 6 3.92% $7,493
    Ameris Bank 5 5.18% $7,132
    Magnolia Bank 5 4.40% $6,651
    CALIBER HOME LOANS, INC. 4 4.41% $5,746
    First Community Bank 4 4.47% $8,328
    Flagstar Bank, FSB 3 4.64% $6,091
    CARDINAL FINANCIAL 3 5.92% $7,613
    RESOURCE FINANCIAL SERVICES, INC. 3 4.04% $6,205
    First Palmetto Bank 2 5.00% $5,622
    MOVEMENT MORTGAGE, LLC 2 5.00% $6,350
    Network Funding, L.P. 2 4.19% $6,827
    First Reliance Bank 2 4.06% $5,955
    DHI MORTGAGE COMPANY, LTD. 2 4.75% $5,678
    First Heritage Mortgage, LLC 2 5.49% $6,630
    UNITED WHOLESALE MORTGAGE, LLC 2 5.56% $8,937
    HOME POINT FINANCIAL CORPORATION 2 3.38% $7,597
    LEADERONE FINANCIAL CORPORATION 1 5.99% $7,069
    LOANDEPOT.COM, LLC 1 3.88% $5,372
    Blue Ridge Bank 1 5.63% $6,356
    MIDLAND MORTGAGE CORPORATION 1 3.88% $4,110
    Mortgage Research Center, LLC 1 5.63% $3,181
    NTFN, INC. 1 3.63% $5,195
    Assurance Financial Group, L.L.C. 1 4.13% $6,540
    Palmetto Citizens Federal Credit Union 1 2.75% $6,217
    PENNYMAC LOAN SERVICES, LLC 1 3.49% $4,518
    Renasant Bank 1 2.75% $6,217
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.13% $6,846
    South State Bank 1 3.00% $9,369
    THRIVE MORTGAGE, LLC 1 5.50% $10,247
    TJC Mortgage, Inc. 1 3.75% $14,658
    TOWNE MORTGAGE COMPANY 1 4.99% $6,213
    First-Citizens Bank & Trust Company 1 2.75% $5,457
    EAGLE HOME MORTGAGE, LLC 1 5.13% $6,563
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $10,877
    FREEDOM MORTGAGE CORPORATION 1 3.25% $2,462
    GSF Mortgage Corporation 1 6.63% $8,327
    CMG MORTGAGE, INC. 1 3.25% $8,542
    Carrington Mortgage Services, LLC 1 4.63% $10,675
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 4.50% $6,055
    HOMESTAR FINANCIAL CORPORATION 1 4.50% $3,107

    The top Columbia USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 36 USDA loans originated. Their average total fees are $7,981, which is $12 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    The lowest fee Columbia USDA lenders (with over 10 loans originated) are GUILD MORTGAGE COMPANY ($7,981), CROSSCOUNTRY MORTGAGE, LLC ($7,992), VANDERBILT MORTGAGE AND FINANCE, INC. ($9,181), .

    The lowest rate Columbia USDA lenders (with over 10 loans originated) are VANDERBILT MORTGAGE AND FINANCE, INC. (4.49%), GUILD MORTGAGE COMPANY (4.64%), CROSSCOUNTRY MORTGAGE, LLC (5.42%), .

    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%) $250,706 (6.1%) 0.74 3,399
    2018-02-01 $198,725 (8.9%) $252,771 (-4.2%) 0.72 3,356
    2018-03-01 $200,000 (8.4%) $261,167 (14.1%) 0.70 3,411
    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%) 0.76 3,480
    2018-10-01 $222,376 (11.2%) $301,206 (19.1%) 0.75 3,469
    2018-11-01 $229,500 (14.9%) $278,387 (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%) $281,214 (7.7%) 0.77 3,056
    2019-04-01 $239,900 (13.2%) $289,282 (9.3%) 0.76 3,014
    2019-05-01 $239,000 (9.9%) $290,151 (6.6%) 0.75 3,030
    2019-06-01 $239,000 (6.0%) $284,375 (1.0%) 0.75 3,084
    2019-07-01 $234,950 (4.4%) $281,812 (0.2%) 0.74 3,144
    2019-08-01 $232,200 (3.6%) $281,161 (1.4%) 0.74 3,149
    2019-09-01 $228,150 (1.5%) $280,126 (1.4%) 0.73 3,110
    2019-10-01 $227,900 (2.5%) $281,930 (-6.4%) 0.74 3,029
    2019-11-01 $228,376 (-0.5%) $282,658 (1.5%) 0.75 2,951
    2019-12-01 $227,760 (-2.2%) $282,361 (0.7%) 0.76 2,853
    2020-01-01 $228,993 (-0.2%) $280,631 (2.5%) 0.77 2,672
    2020-02-01 $234,087 (2.5%) $283,414 (3.6%) 0.77 2,564
    2020-03-01 $239,606 (2.3%) $291,917 (3.8%) 0.75 2,437
    2020-04-01 $243,616 (1.6%) $296,196 (2.4%) 0.76 2,467
    2020-05-01 $248,500 (4.0%) $303,092 (4.5%) 0.76 2,260
    2020-06-01 $249,900 (4.6%) $306,251 (7.7%) 0.74 1,955
    2020-07-01 $250,000 (6.4%) $310,621 (10.2%) 0.72 1,794
    2020-08-01 $253,925 (9.4%) $316,612 (12.6%) 0.73 1,674
    2020-09-01 $249,950 (9.6%) $308,258 (10.0%) 0.72 1,628
    2020-10-01 $245,000 (7.5%) $300,419 (6.6%) 0.70 1,601
    2020-11-01 $249,927 (9.4%) $306,955 (8.6%) 0.73 1,533
    2020-12-01 $250,086 (9.8%) $308,620 (9.3%) 0.74 1,388
    2021-01-01 $249,200 (8.8%) $310,895 (10.8%) 0.74 1,256
    2021-02-01 $252,545 (7.9%) $314,977 (11.1%) 0.74 1,093
    2021-03-01 $253,175 (5.7%) $322,706 (10.6%) 0.72 953
    2021-04-01 $263,048 (8.0%) $333,023 (12.4%) 0.71 853
    2021-05-01 $259,900 (4.6%) $328,310 (8.3%) 0.69 824
    2021-06-01 $254,925 (2.0%) $321,487 (5.0%) 0.67 884
    2021-07-01 $265,000 (6.0%) $327,998 (5.6%) 0.70 1,067
    2021-08-01 $272,450 (7.3%) $336,598 (6.3%) 0.73 1,192
    2021-09-01 $274,948 (10.0%) $341,248 (10.7%) 0.73 1,218
    2021-10-01 $279,900 (14.2%) $345,371 (15.0%) 0.75 1,259
    2021-11-01 $289,344 (15.8%) $352,095 (14.7%) 0.77 1,130
    2021-12-01 $295,000 (18.0%) $360,227 (16.7%) 0.80 1,064
    2022-01-01 $299,387 (20.1%) $363,773 (17.0%) 0.81 909
    2022-02-01 $300,169 (18.9%) $367,868 (16.8%) 0.78 812
    2022-03-01 $300,332 (18.6%) $361,530 (12.0%) 0.75 806
    2022-04-01 $300,000 (14.1%) $363,649 (9.2%) 0.72 820
    2022-05-01 $305,285 (17.5%) $379,523 (15.6%) 0.70 999
    2022-06-01 $314,300 (23.3%) $387,140 (20.4%) 0.70 1,116
    2022-07-01 $315,600 (19.1%) $389,507 (18.8%) 0.71 1,464
    2022-08-01 $314,890 (15.6%) $387,629 (15.2%) 0.73 1,560
    2022-09-01 $304,487 (10.7%) $380,456 (11.5%) 0.71 1,618
    2022-10-01 $301,748 (7.8%) $376,293 (9.0%) 0.71 1,696
    2022-11-01 $299,923 (3.7%) $370,863 (5.3%) 0.72 1,718
    2022-12-01 $296,901 (0.6%) $365,385 (1.4%) 0.73 1,618
    2023-01-01 $298,906 (-0.2%) $358,746 (-1.4%) 0.74 1,505
    2023-02-01 $300,000 (-0.1%) $359,542 (-2.3%) 0.72 1,443
    2023-03-01 $301,876 (0.5%) $367,546 (1.7%) 0.71 1,410
    2023-04-01 $315,000 (5.0%) $383,475 (5.5%) 0.73 1,371
    2023-05-01 $325,374 (6.6%) $390,897 (3.0%) 0.74 1,340
    2023-06-01 $337,239 (7.3%) $407,960 (5.4%) 0.76 1,416
    2023-07-01 $326,156 (3.3%) $393,721 (1.1%) 0.74 1,501
    2023-08-01 $320,000 (1.6%) $385,043 (-0.7%) 0.73 1,604
    Columbia's median listing price for 2023-08-01 was $320,000, a difference of $5,110 (1.6%) versus the prior year and $-6,156 versus the prior month.

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

    Columbia's average listing price for 2023-08-01 was $385,043, a difference of $-2,586 (-0.7%) versus the prior year and $-8,678 versus the prior month.

    For the 2023-08-01 period, Columbia had 1,604 MLS listings, a difference of 103 listings (7%) versus the prior month and 44 listings (3%) 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 76 days 2,153 sqft
    2018-02-01 68 days 2,157 sqft
    2018-03-01 55 days 2,202 sqft
    2018-04-01 52 days 2,237 sqft
    2018-05-01 52 days 2,244 sqft
    2018-06-01 52 days 2,278 sqft
    2018-07-01 54 days 2,275 sqft
    2018-08-01 58 days 2,248 sqft
    2018-09-01 63 days 2,231 sqft
    2018-10-01 67 days 2,227 sqft
    2018-11-01 72 days 2,255 sqft
    2018-12-01 77 days 2,266 sqft
    2019-01-01 77 days 2,241 sqft
    2019-02-01 65 days 2,231 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 2,257 sqft
    2019-07-01 50 days 2,241 sqft
    2019-08-01 51 days 2,228 sqft
    2019-09-01 53 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 2,200 sqft
    2020-02-01 60 days 2,225 sqft
    2020-03-01 49 days 2,242 sqft
    2020-04-01 46 days 2,250 sqft
    2020-05-01 57 days 2,249 sqft
    2020-06-01 50 days 2,251 sqft
    2020-07-01 44 days 2,249 sqft
    2020-08-01 39 days 2,247 sqft
    2020-09-01 38 days 2,238 sqft
    2020-10-01 37 days 2,196 sqft
    2020-11-01 42 days 2,211 sqft
    2020-12-01 46 days 2,204 sqft
    2021-01-01 43 days 2,142 sqft
    2021-02-01 32 days 2,074 sqft
    2021-03-01 22 days 2,043 sqft
    2021-04-01 18 days 2,046 sqft
    2021-05-01 16 days 2,021 sqft
    2021-06-01 15 days 1,989 sqft
    2021-07-01 17 days 2,013 sqft
    2021-08-01 21 days 2,040 sqft
    2021-09-01 26 days 2,054 sqft
    2021-10-01 28 days 2,109 sqft
    2021-11-01 31 days 2,148 sqft
    2021-12-01 37 days 2,176 sqft
    2022-01-01 42 days 2,136 sqft
    2022-02-01 22 days 2,059 sqft
    2022-03-01 18 days 2,005 sqft
    2022-04-01 16 days 1,983 sqft
    2022-05-01 17 days 1,981 sqft
    2022-06-01 22 days 2,047 sqft
    2022-07-01 23 days 2,100 sqft
    2022-08-01 33 days 2,123 sqft
    2022-09-01 37 days 2,100 sqft
    2022-10-01 43 days 2,145 sqft
    2022-11-01 49 days 2,152 sqft
    2022-12-01 56 days 2,110 sqft
    2023-01-01 51 days 2,150 sqft
    2023-02-01 40 days 2,172 sqft
    2023-03-01 36 days 2,172 sqft
    2023-04-01 35 days 2,205 sqft
    2023-05-01 33 days 2,230 sqft
    2023-06-01 34 days 2,253 sqft
    2023-07-01 35 days 2,197 sqft
    2023-08-01 35 days 2,165 sqft
    Columbia's median listing age (time on market) for 2023-08-01 was 35 days. This is 6% longer than the same period one year ago.

    Columbia's median square footage for active listings during the 2023-08-01 period was 2,165 sqft. One year prior, the average listing was 2,123 sqft.