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 6.37% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

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

    The average rate for the prior week (2025-02-07) was 6.53% and one month ago for the week of 2025-01-10, the average rate was 6.38%.

    The average rate one year ago was 6.47%.

    For refis of the same type during the week of 2025-02-14, the average rate was 7.19%.

    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 $158,998 (11.3%) $205,672 (12.9%) 0.59 1,475
    2018-02-01 $158,495 (9.3%) $204,442 (11.0%) 0.58 1,478
    2018-03-01 $159,250 (6.2%) $206,837 (10.8%) 0.56 1,485
    2018-04-01 $162,540 (6.3%) $211,363 (12.0%) 0.55 1,512
    2018-05-01 $164,000 (5.9%) $212,095 (10.7%) 0.55 1,529
    2018-06-01 $159,900 (3.2%) $204,182 (5.4%) 0.53 1,550
    2018-07-01 $158,945 (2.6%) $204,853 (4.4%) 0.53 1,556
    2018-08-01 $157,225 (1.4%) $200,503 (1.7%) 0.53 1,567
    2018-09-01 $160,000 (3.2%) $205,004 (1.7%) 0.54 1,536
    2018-10-01 $159,950 (3.6%) $206,498 (3.2%) 0.54 1,531
    2018-11-01 $159,250 (1.8%) $208,245 (3.9%) 0.54 1,533
    2018-12-01 $159,945 (2.6%) $210,405 (4.0%) 0.55 1,538
    2019-01-01 $160,000 (0.6%) $212,552 (3.3%) 0.55 1,439
    2019-02-01 $164,760 (4.0%) $212,924 (4.2%) 0.56 1,427
    2019-03-01 $164,957 (3.6%) $218,986 (5.9%) 0.54 1,327
    2019-04-01 $164,328 (1.1%) $223,096 (5.6%) 0.52 1,261
    2019-05-01 $162,945 (-0.6%) $227,134 (7.1%) 0.51 1,223
    2019-06-01 $165,000 (3.2%) $227,857 (11.6%) 0.52 1,203
    2019-07-01 $167,030 (5.1%) $232,270 (13.4%) 0.53 1,114
    2019-08-01 $176,685 (12.4%) $237,297 (18.4%) 0.56 1,084
    2019-09-01 $179,286 (12.1%) $240,695 (17.4%) 0.58 1,076
    2019-10-01 $185,630 (16.1%) $245,604 (18.9%) 0.60 1,070
    2019-11-01 $189,900 (19.3%) $247,451 (18.8%) 0.62 1,046
    2019-12-01 $186,875 (16.8%) $247,465 (17.6%) 0.62 1,016
    2020-01-01 $183,900 (14.9%) $246,573 (16.0%) 0.61 965
    2020-02-01 $189,800 (15.2%) $252,106 (18.4%) 0.62 918
    2020-03-01 $181,968 (10.3%) $246,877 (12.7%) 0.57 871
    2020-04-01 $179,200 (9.1%) $243,952 (9.4%) 0.56 867
    2020-05-01 $179,900 (10.4%) $249,099 (9.7%) 0.55 764
    2020-06-01 $199,900 (21.2%) $262,240 (15.1%) 0.59 685
    2020-07-01 $199,700 (19.6%) $261,736 (12.7%) 0.58 618
    2020-08-01 $201,300 (13.9%) $268,837 (13.3%) 0.57 562
    2020-09-01 $192,450 (7.3%) $288,736 (20.0%) 0.55 483
    2020-10-01 $195,079 (5.1%) $288,135 (17.3%) 0.56 501
    2020-11-01 $194,290 (2.3%) $275,809 (11.5%) 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 $189,975 (0.1%) $272,361 (8.0%) 0.55 430
    2021-03-01 $187,950 (3.3%) $273,355 (10.7%) 0.53 389
    2021-04-01 $192,000 (7.1%) $286,775 (17.6%) 0.51 366
    2021-05-01 $189,900 (5.6%) $275,434 (10.6%) 0.50 368
    2021-06-01 $184,950 (-7.5%) $271,187 (3.4%) 0.48 394
    2021-07-01 $185,000 (-7.4%) $281,282 (7.5%) 0.49 482
    2021-08-01 $188,700 (-6.3%) $279,126 (3.8%) 0.50 496
    2021-09-01 $189,900 (-1.3%) $292,264 (1.2%) 0.51 522
    2021-10-01 $189,900 (-2.7%) $284,066 (-1.4%) 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 $183,625 (-3.3%) $316,498 (16.2%) 0.48 328
    2022-03-01 $185,250 (-1.4%) $308,961 (13.0%) 0.46 331
    2022-04-01 $174,950 (-8.9%) $276,442 (-3.6%) 0.42 356
    2022-05-01 $200,475 (5.6%) $280,407 (1.8%) 0.46 411
    2022-06-01 $227,950 (23.3%) $299,125 (10.3%) 0.51 464
    2022-07-01 $235,000 (27.0%) $299,869 (6.6%) 0.53 537
    2022-08-01 $219,925 (16.6%) $336,478 (20.6%) 0.51 547
    2022-09-01 $221,700 (16.8%) $336,105 (15.0%) 0.52 553
    2022-10-01 $229,950 (21.1%) $300,924 (5.9%) 0.54 601
    2022-11-01 $232,400 (24.4%) $294,109 (2.5%) 0.55 588
    2022-12-01 $225,000 (18.8%) $294,219 (-0.7%) 0.56 531
    2023-01-01 $230,375 (22.6%) $348,604 (9.6%) 0.57 438
    2023-02-01 $215,000 (17.1%) $341,756 (8.0%) 0.52 420
    2023-03-01 $224,975 (21.4%) $355,085 (14.9%) 0.53 402
    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 $276,725 (25.8%) $374,338 (11.3%) 0.63 446
    2023-09-01 $269,900 (21.7%) $349,777 (4.1%) 0.63 536
    2023-10-01 $267,250 (16.2%) $343,849 (14.3%) 0.63 570
    2023-11-01 $259,950 (11.9%) $316,600 (7.7%) 0.62 602
    2023-12-01 $254,950 (13.3%) $320,234 (8.8%) 0.62 592
    2024-01-01 $242,500 (5.3%) $322,860 (-7.4%) 0.59 542
    2024-02-01 $242,425 (12.8%) $330,030 (-3.4%) 0.58 533
    2024-03-01 $245,000 (8.9%) $340,775 (-4.0%) 0.58 518
    2024-04-01 $247,700 (0.7%) $343,807 (-9.4%) 0.58 509
    2024-05-01 $257,500 (-6.5%) $333,421 (-12.8%) 0.58 543
    2024-06-01 $265,000 (-1.9%) $340,060 (-11.9%) 0.60 568
    2024-07-01 $257,725 (-4.7%) $342,433 (-9.1%) 0.59 580
    2024-08-01 $255,000 (-7.9%) $337,443 (-9.9%) 0.60 639
    2024-09-01 $266,250 (-1.4%) $336,312 (-3.9%) 0.63 714
    2024-10-01 $268,975 (0.7%) $339,138 (-1.4%) 0.64 722
    2024-11-01 $273,500 (5.2%) $341,695 (7.9%) 0.66 745
    2024-12-01 $269,900 (5.9%) $339,435 (6.0%) 0.67 717
    2025-01-01 $260,500 (7.4%) $324,349 (0.5%) 0.00 683
    Columbus's median listing price for 2025-01-01 was $260,500, a difference of $18,000 (7.4%) versus the prior year and $-9,400 versus the prior month.

    Columbus's median listing price comes in at 0% of the national average.

    Columbus's average listing price for 2025-01-01 was $324,349, a difference of $1,489 (0.5%) versus the prior year and $-15,086 versus the prior month.

    For the 2025-01-01 period, Columbus had 683 MLS listings, a difference of -34 listings (-5%) versus the prior month and 141 listings (26%) 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 1,919 sqft
    2018-02-01 87 days 1,930 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 1,914 sqft
    2018-08-01 80 days 1,922 sqft
    2018-09-01 84 days 1,938 sqft
    2018-10-01 85 days 1,951 sqft
    2018-11-01 91 days 1,943 sqft
    2018-12-01 96 days 1,932 sqft
    2019-01-01 101 days 1,926 sqft
    2019-02-01 97 days 1,939 sqft
    2019-03-01 91 days 1,951 sqft
    2019-04-01 80 days 1,952 sqft
    2019-05-01 73 days 1,942 sqft
    2019-06-01 68 days 1,993 sqft
    2019-07-01 66 days 2,006 sqft
    2019-08-01 68 days 2,024 sqft
    2019-09-01 71 days 2,054 sqft
    2019-10-01 70 days 2,099 sqft
    2019-11-01 67 days 2,150 sqft
    2019-12-01 74 days 2,115 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 2,147 sqft
    2020-07-01 50 days 2,128 sqft
    2020-08-01 44 days 2,037 sqft
    2020-09-01 45 days 2,010 sqft
    2020-10-01 39 days 2,004 sqft
    2020-11-01 42 days 1,965 sqft
    2020-12-01 46 days 1,932 sqft
    2021-01-01 54 days 1,984 sqft
    2021-02-01 33 days 1,902 sqft
    2021-03-01 32 days 1,885 sqft
    2021-04-01 32 days 1,870 sqft
    2021-05-01 19 days 1,819 sqft
    2021-06-01 22 days 1,816 sqft
    2021-07-01 26 days 1,794 sqft
    2021-08-01 37 days 1,821 sqft
    2021-09-01 37 days 1,786 sqft
    2021-10-01 38 days 1,796 sqft
    2021-11-01 42 days 1,828 sqft
    2021-12-01 55 days 1,881 sqft
    2022-01-01 57 days 1,848 sqft
    2022-02-01 31 days 1,792 sqft
    2022-03-01 25 days 1,721 sqft
    2022-04-01 23 days 1,696 sqft
    2022-05-01 22 days 1,808 sqft
    2022-06-01 26 days 1,885 sqft
    2022-07-01 30 days 1,936 sqft
    2022-08-01 37 days 1,866 sqft
    2022-09-01 44 days 1,879 sqft
    2022-10-01 41 days 1,955 sqft
    2022-11-01 50 days 1,971 sqft
    2022-12-01 64 days 1,952 sqft
    2023-01-01 64 days 1,963 sqft
    2023-02-01 38 days 1,873 sqft
    2023-03-01 40 days 1,896 sqft
    2023-04-01 36 days 2,028 sqft
    2023-05-01 36 days 2,096 sqft
    2023-06-01 40 days 2,050 sqft
    2023-07-01 42 days 2,054 sqft
    2023-08-01 35 days 2,104 sqft
    2023-09-01 37 days 2,035 sqft
    2023-10-01 39 days 1,986 sqft
    2023-11-01 44 days 2,038 sqft
    2023-12-01 53 days 1,969 sqft
    2024-01-01 60 days 1,877 sqft
    2024-02-01 48 days 1,855 sqft
    2024-03-01 45 days 1,893 sqft
    2024-04-01 43 days 1,878 sqft
    2024-05-01 39 days 1,850 sqft
    2024-06-01 43 days 1,957 sqft
    2024-07-01 47 days 1,928 sqft
    2024-08-01 45 days 1,890 sqft
    2024-09-01 48 days 1,899 sqft
    2024-10-01 53 days 1,928 sqft
    2024-11-01 58 days 1,963 sqft
    2024-12-01 66 days 1,941 sqft
    2025-01-01 0 days 1,888 sqft
    Columbus's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Columbus's median square footage for active listings during the 2025-01-01 period was 1,888 sqft. One year prior, the average listing was 1,877 sqft.