Columbus USDA Loan Rates, Closing Costs & Stats
COLUMBUS, GA-AL
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
5.93%
for the week of 2024-10-11, compared to the national average (all USDA variants) of
6.08% for the same period.
Columbus's average USDA mortgage closing costs are $5,040.
The average rate for the prior week (2024-10-04) was
6.12% and
one month ago for the week of 2024-09-06, the
average rate was 6.21%.
The average rate one year ago was 7.2%.
For refis of the same type during the week of 2024-10-11, the average rate
was 6.55%.
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. LouisDate | 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 |
2024-04-01 | $247,200 (0.5%) | $343,793 (-9.4%) | 0.58 | 508 |
2024-05-01 | $257,500 (-6.5%) | $335,211 (-12.3%) | 0.58 | 543 |
2024-06-01 | $267,494 (-1.0%) | $342,045 (-11.4%) | 0.60 | 571 |
2024-07-01 | $259,475 (-4.1%) | $342,226 (-9.2%) | 0.59 | 584 |
2024-08-01 | $259,000 (-6.3%) | $337,250 (-9.8%) | 0.60 | 643 |
2024-09-01 | $268,450 (-0.5%) | $335,988 (-3.9%) | 0.63 | 721 |
Columbus's median listing price comes in at 63% of the national average.
Columbus's average listing price for 2024-09-01 was $335,988, a difference of $-13,634 (-3.9%) versus the prior year and $-1,262 versus the prior month.
For the 2024-09-01 period, Columbus had 721 MLS listings, a difference of 78 listings (12%) versus the prior month and 185 listings (35%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Columbus (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
2024-04-01 | 43 days | 1,867 sqft |
2024-05-01 | 39 days | 1,847 sqft |
2024-06-01 | 43 days | 1,949 sqft |
2024-07-01 | 47 days | 1,917 sqft |
2024-08-01 | 45 days | 1,890 sqft |
2024-09-01 | 48 days | 1,901 sqft |
Columbus's median square footage for active listings during the 2024-09-01 period was 1,901 sqft. One year prior, the average listing was 2,030 sqft.