Columbia USDA Loans

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 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.