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 6.45% for the week of 2024-06-07, compared to the national average (all USDA variants) of 6.699% for the same period.

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

The average rate for the prior week (2024-05-31) was 6.63% and one month ago for the week of 2024-05-03, the average rate was 6.62%.

The average rate one year ago was 6.42%.

For refis of the same type during the week of 2024-06-07, the average rate was 7.27%.

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
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
Columbus's median listing price for 2024-05-01 was $257,500, a difference of $-17,750 (-6.5%) versus the prior year and $10,300 versus the prior month.

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

Columbus's average listing price for 2024-05-01 was $335,211, a difference of $-47,203 (-12.3%) versus the prior year and $-8,582 versus the prior month.

For the 2024-05-01 period, Columbus had 543 MLS listings, a difference of 35 listings (7%) versus the prior month and 133 listings (32%) 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
2024-04-01 43 days 1,867 sqft
2024-05-01 39 days 1,847 sqft
Columbus's median listing age (time on market) for 2024-05-01 was 39 days. This is 10% longer than the same period one year ago.

Columbus's median square footage for active listings during the 2024-05-01 period was 1,847 sqft. One year prior, the average listing was 2,091 sqft.