Columbus USDA Loan Rates, Closing Costs & Stats

COLUMBUS, GA-AL

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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.

    Columbus's 10 lenders originated 14 USDA loans during 2023. The total origination value was $2,870,000, with an average USDA loan value of $205,000.

    Columbus USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Columbus averaged 7.01% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Columbus's average USDA mortgage closing costs are $5,040.

    The average rate for the prior week (2024-04-12) was 6.76% and one month ago for the week of 2024-03-15, the average rate was 6.45%.

    The average rate one year ago was 6.19%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.23%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Columbus 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 Columbus level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CMG MORTGAGE, INC. 3 6.38% $9,894
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 2 6.44% $8,139
    Synovus Bank 2 6.19% $7,447
    GUILD MORTGAGE COMPANY 1 7.13% $6,850
    AMERICAN FINANCIAL NETWORK, INC. 1 6.88% $10,431
    MOVEMENT MORTGAGE, LLC 1 5.75% $10,395
    OPEN MORTGAGE, LLC 1 6.25% $8,074
    HOMESTAR FINANCIAL CORPORATION 1 6.75% $5,890
    EVERETT FINANCIAL, INC. 1 7.13% $9,806
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $7,181

    The top Columbus USDA lender as defined by loan originations is CMG MORTGAGE, INC., with 3 USDA loans originated. Their average total fees are $9,894, which is $1,756 higher than the next largest lender, SOUTHEAST MORTGAGE OF GEORGIA, INC..

    The lowest fee Columbus USDA lenders (with over 10 loans originated) are .

    The lowest rate Columbus USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Columbus (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 $159,225 (11.6%) $205,780 (13.0%) 0.59 1,478
    2018-02-01 $158,495 (9.3%) $204,565 (11.1%) 0.58 1,481
    2018-03-01 $159,250 (6.2%) $206,963 (10.9%) 0.56 1,487
    2018-04-01 $162,585 (6.3%) $211,482 (12.1%) 0.55 1,513
    2018-05-01 $164,225 (6.0%) $212,220 (10.8%) 0.55 1,532
    2018-06-01 $159,900 (3.2%) $204,301 (5.5%) 0.53 1,553
    2018-07-01 $158,945 (2.6%) $205,062 (4.5%) 0.53 1,557
    2018-08-01 $157,225 (1.4%) $200,659 (1.8%) 0.53 1,568
    2018-09-01 $160,000 (3.2%) $205,276 (1.8%) 0.54 1,538
    2018-10-01 $159,950 (3.7%) $206,844 (3.4%) 0.54 1,534
    2018-11-01 $159,900 (2.2%) $208,576 (4.0%) 0.54 1,536
    2018-12-01 $159,995 (2.6%) $210,743 (4.1%) 0.55 1,540
    2019-01-01 $160,000 (0.5%) $212,901 (3.5%) 0.55 1,442
    2019-02-01 $164,950 (4.1%) $213,298 (4.3%) 0.56 1,431
    2019-03-01 $164,957 (3.6%) $219,349 (6.0%) 0.54 1,331
    2019-04-01 $164,900 (1.4%) $223,452 (5.7%) 0.52 1,263
    2019-05-01 $164,615 (0.2%) $227,625 (7.3%) 0.51 1,226
    2019-06-01 $165,000 (3.2%) $228,352 (11.8%) 0.52 1,206
    2019-07-01 $168,308 (5.9%) $232,645 (13.5%) 0.53 1,116
    2019-08-01 $177,045 (12.6%) $237,647 (18.4%) 0.56 1,088
    2019-09-01 $180,114 (12.6%) $241,092 (17.5%) 0.58 1,079
    2019-10-01 $186,250 (16.4%) $245,991 (18.9%) 0.60 1,074
    2019-11-01 $189,950 (18.8%) $247,681 (18.8%) 0.62 1,048
    2019-12-01 $186,875 (16.8%) $247,465 (17.4%) 0.62 1,016
    2020-01-01 $183,900 (14.9%) $246,573 (15.8%) 0.61 965
    2020-02-01 $189,800 (15.1%) $252,106 (18.2%) 0.62 918
    2020-03-01 $181,968 (10.3%) $246,877 (12.6%) 0.57 871
    2020-04-01 $179,200 (8.7%) $243,952 (9.2%) 0.56 867
    2020-05-01 $179,900 (9.3%) $249,099 (9.4%) 0.55 764
    2020-06-01 $199,900 (21.2%) $262,240 (14.8%) 0.59 685
    2020-07-01 $199,700 (18.7%) $261,736 (12.5%) 0.58 618
    2020-08-01 $199,900 (12.9%) $268,837 (13.1%) 0.57 562
    2020-09-01 $192,450 (6.9%) $288,874 (19.8%) 0.55 483
    2020-10-01 $195,079 (4.7%) $288,351 (17.2%) 0.56 502
    2020-11-01 $194,290 (2.3%) $275,809 (11.4%) 0.57 521
    2020-12-01 $179,950 (-3.7%) $272,599 (10.2%) 0.54 509
    2021-01-01 $194,700 (5.9%) $280,207 (13.6%) 0.58 455
    2021-02-01 $188,650 (-0.6%) $272,451 (8.1%) 0.55 429
    2021-03-01 $186,850 (2.7%) $273,487 (10.8%) 0.53 386
    2021-04-01 $190,000 (6.0%) $286,966 (17.6%) 0.51 364
    2021-05-01 $189,300 (5.2%) $275,482 (10.6%) 0.50 365
    2021-06-01 $182,500 (-8.7%) $271,206 (3.4%) 0.48 391
    2021-07-01 $184,950 (-7.4%) $281,266 (7.5%) 0.49 481
    2021-08-01 $188,575 (-5.7%) $279,112 (3.8%) 0.50 495
    2021-09-01 $189,900 (-1.3%) $292,273 (1.2%) 0.51 521
    2021-10-01 $189,900 (-2.7%) $284,066 (-1.5%) 0.51 521
    2021-11-01 $186,850 (-3.8%) $286,837 (4.0%) 0.50 536
    2021-12-01 $189,450 (5.3%) $296,387 (8.7%) 0.51 436
    2022-01-01 $187,900 (-3.5%) $318,215 (13.6%) 0.51 356
    2022-02-01 $183,875 (-2.5%) $316,683 (16.2%) 0.48 328
    2022-03-01 $185,250 (-0.9%) $308,961 (13.0%) 0.46 331
    2022-04-01 $174,950 (-7.9%) $276,442 (-3.7%) 0.42 356
    2022-05-01 $200,475 (5.9%) $280,466 (1.8%) 0.46 411
    2022-06-01 $227,950 (24.9%) $299,125 (10.3%) 0.51 464
    2022-07-01 $235,000 (27.1%) $299,869 (6.6%) 0.53 537
    2022-08-01 $219,900 (16.6%) $336,168 (20.4%) 0.51 545
    2022-09-01 $220,875 (16.3%) $335,429 (14.8%) 0.52 550
    2022-10-01 $229,900 (21.1%) $300,166 (5.7%) 0.54 598
    2022-11-01 $229,950 (23.1%) $293,559 (2.3%) 0.55 585
    2022-12-01 $225,000 (18.8%) $293,745 (-0.9%) 0.56 529
    2023-01-01 $230,000 (22.4%) $348,152 (9.4%) 0.57 436
    2023-02-01 $213,750 (16.3%) $341,581 (7.9%) 0.52 419
    2023-03-01 $224,925 (21.4%) $354,932 (14.9%) 0.53 401
    2023-04-01 $246,000 (40.6%) $379,317 (37.2%) 0.57 395
    2023-05-01 $275,250 (37.3%) $382,414 (36.4%) 0.62 410
    2023-06-01 $270,138 (18.5%) $386,157 (29.1%) 0.61 415
    2023-07-01 $270,500 (15.1%) $376,858 (25.7%) 0.61 422
    2023-08-01 $276,450 (25.7%) $374,029 (11.3%) 0.63 446
    2023-09-01 $269,900 (22.2%) $349,622 (4.2%) 0.63 536
    2023-10-01 $267,125 (16.2%) $343,694 (14.5%) 0.63 569
    2023-11-01 $259,950 (13.1%) $316,404 (7.8%) 0.62 601
    2023-12-01 $254,900 (13.3%) $320,067 (9.0%) 0.62 591
    2024-01-01 $242,475 (5.4%) $322,761 (-7.3%) 0.59 542
    2024-02-01 $242,094 (13.3%) $330,011 (-3.4%) 0.58 533
    2024-03-01 $245,000 (8.9%) $340,746 (-4.0%) 0.58 518
    Columbus's median listing price for 2024-03-01 was $245,000, a difference of $20,075 (8.9%) versus the prior year and $2,906 versus the prior month.

    Columbus's median listing price comes in at 58% of the national average.

    Columbus's average listing price for 2024-03-01 was $340,746, a difference of $-14,186 (-4.0%) versus the prior year and $10,735 versus the prior month.

    For the 2024-03-01 period, Columbus had 518 MLS listings, a difference of -15 listings (-3%) versus the prior month and 117 listings (29%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Columbus (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 91 days 1,923 sqft
    2018-02-01 87 days 1,932 sqft
    2018-03-01 74 days 1,929 sqft
    2018-04-01 74 days 1,928 sqft
    2018-05-01 72 days 1,970 sqft
    2018-06-01 68 days 1,936 sqft
    2018-07-01 73 days 1,915 sqft
    2018-08-01 80 days 1,923 sqft
    2018-09-01 84 days 1,941 sqft
    2018-10-01 85 days 1,956 sqft
    2018-11-01 91 days 1,948 sqft
    2018-12-01 96 days 1,937 sqft
    2019-01-01 101 days 1,927 sqft
    2019-02-01 97 days 1,942 sqft
    2019-03-01 91 days 1,953 sqft
    2019-04-01 80 days 1,954 sqft
    2019-05-01 73 days 1,942 sqft
    2019-06-01 68 days 2,000 sqft
    2019-07-01 66 days 2,011 sqft
    2019-08-01 68 days 2,030 sqft
    2019-09-01 71 days 2,058 sqft
    2019-10-01 70 days 2,101 sqft
    2019-11-01 67 days 2,150 sqft
    2019-12-01 74 days 2,114 sqft
    2020-01-01 82 days 2,100 sqft
    2020-02-01 80 days 2,109 sqft
    2020-03-01 71 days 2,062 sqft
    2020-04-01 67 days 2,012 sqft
    2020-05-01 68 days 2,049 sqft
    2020-06-01 58 days 2,145 sqft
    2020-07-01 50 days 2,109 sqft
    2020-08-01 44 days 2,044 sqft
    2020-09-01 45 days 2,010 sqft
    2020-10-01 39 days 2,007 sqft
    2020-11-01 42 days 1,965 sqft
    2020-12-01 46 days 1,932 sqft
    2021-01-01 54 days 1,988 sqft
    2021-02-01 33 days 1,899 sqft
    2021-03-01 32 days 1,883 sqft
    2021-04-01 32 days 1,864 sqft
    2021-05-01 19 days 1,802 sqft
    2021-06-01 22 days 1,789 sqft
    2021-07-01 26 days 1,789 sqft
    2021-08-01 37 days 1,818 sqft
    2021-09-01 37 days 1,784 sqft
    2021-10-01 38 days 1,792 sqft
    2021-11-01 42 days 1,830 sqft
    2021-12-01 55 days 1,884 sqft
    2022-01-01 57 days 1,848 sqft
    2022-02-01 31 days 1,795 sqft
    2022-03-01 25 days 1,721 sqft
    2022-04-01 23 days 1,702 sqft
    2022-05-01 22 days 1,812 sqft
    2022-06-01 26 days 1,887 sqft
    2022-07-01 30 days 1,936 sqft
    2022-08-01 37 days 1,866 sqft
    2022-09-01 44 days 1,876 sqft
    2022-10-01 41 days 1,955 sqft
    2022-11-01 50 days 1,969 sqft
    2022-12-01 64 days 1,931 sqft
    2023-01-01 64 days 1,942 sqft
    2023-02-01 38 days 1,865 sqft
    2023-03-01 40 days 1,891 sqft
    2023-04-01 36 days 2,020 sqft
    2023-05-01 36 days 2,091 sqft
    2023-06-01 40 days 2,046 sqft
    2023-07-01 42 days 2,054 sqft
    2023-08-01 35 days 2,101 sqft
    2023-09-01 37 days 2,030 sqft
    2023-10-01 39 days 1,982 sqft
    2023-11-01 44 days 2,030 sqft
    2023-12-01 53 days 1,968 sqft
    2024-01-01 60 days 1,877 sqft
    2024-02-01 48 days 1,853 sqft
    2024-03-01 45 days 1,891 sqft
    Columbus's median listing age (time on market) for 2024-03-01 was 45 days. This is 11% longer than the same period one year ago.

    Columbus's median square footage for active listings during the 2024-03-01 period was 1,891 sqft. One year prior, the average listing was 1,891 sqft.