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%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
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 $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 for 2022-12-01 was $296,990, a difference of $4,197 (1.4%) versus the prior year and $-3,394 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2022-12-01 was 59 days. This is 55% longer than the same period one year ago.

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.