Columbus USDA Loans

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 32 lenders originated 50 USDA loans during 2021. The total origination value was $8,550,000, with an average USDA loan value of $171,000.

Columbus USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Columbus averaged 5.22% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

The average rate for the prior week (2022-05-13) was 5.3% and one month ago for the week of 2022-04-15, the average rate was 5.2%.

The average rate one year ago was 3.35%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.16%.

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 and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Columbus level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
HOMESTAR FINANCIAL CORPORATION 4 3.13% $4,055
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 2.97% $3,596
CMG MORTGAGE, INC. 4 2.75% $5,402
ENVOY MORTGAGE, LTD 3 3.83% $5,916
Ameris Bank 3 3.00% $4,665
CROSSCOUNTRY MORTGAGE, LLC 2 3.31% $3,516
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 2.88% $5,974
GUILD MORTGAGE COMPANY 2 3.13% $5,371
Synovus Bank 2 2.50% $6,143
MOVEMENT MORTGAGE, LLC 2 3.13% $4,424
GUARANTEED RATE, INC. 1 2.75% $5,086
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.88% $3,963
INTERLINC MORTGAGE SERVICES, LLC 1 2.75% $2,242
LOANDEPOT.COM, LLC 1 2.88% $4,651
Magnolia Bank 1 2.88% $5,530
Nations Lending Corporation 1 3.25% $2,343
OPEN MORTGAGE, LLC 1 2.75% $6,995
PENNYMAC LOAN SERVICES, LLC 1 2.75% $3,543
Renasant Bank 1 2.75% $3,734
STEARNS LENDING, LLC 1 3.25% $4,603
TOP FLITE FINANCIAL, INC. 1 2.88% $7,238
VANDERBILT MORTGAGE AND FINANCE, INC. 1 2.75% $5,709
Wells Fargo Bank 1 4.13% $3,799
BANKSOUTH MORTGAGE COMPANY, LLC 1 2.88% $5,239
BROKER SOLUTIONS, INC. 1 2.25% $12,955
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 3.50% $6,184
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.25% $4,641
FirstBank 1 3.38% $4,535
First Federal Bank 1 2.88% $3,492
Flagstar Bank, FSB 1 2.96% $3,086
FREEDOM MORTGAGE CORPORATION 1 2.75% $1,737
Goldwater Bank, N.A. 1 3.75% $3,966

The top Columbus USDA lender as defined by loan originations is HOMESTAR FINANCIAL CORPORATION, with 4 USDA loans originated. Their average total fees are $4,055, which is $459 higher than the next largest lender, ARK-LA-TEX FINANCIAL SERVICES, LLC..

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 $161,495 (8.9%) $214,582 (12.5%) 0.59 1,634
2018-02-01 $162,450 (8.4%) $213,398 (10.4%) 0.59 1,635
2018-03-01 $164,900 (7.2%) $218,800 (12.1%) 0.57 1,651
2018-04-01 $167,990 (8.5%) $225,259 (14.7%) 0.56 1,684
2018-05-01 $169,900 (6.3%) $226,439 (13.1%) 0.57 1,700
2018-06-01 $166,990 (4.4%) $221,857 (9.5%) 0.56 1,734
2018-07-01 $164,510 (2.9%) $221,632 (8.2%) 0.55 1,750
2018-08-01 $165,945 (3.7%) $219,407 (5.9%) 0.55 1,742
2018-09-01 $168,000 (5.0%) $224,478 (5.7%) 0.56 1,717
2018-10-01 $169,450 (5.9%) $226,131 (7.4%) 0.57 1,714
2018-11-01 $168,423 (3.6%) $228,703 (7.6%) 0.56 1,728
2018-12-01 $167,715 (4.8%) $230,351 (8.1%) 0.57 1,734
2019-01-01 $167,853 (3.9%) $229,968 (7.2%) 0.58 1,622
2019-02-01 $169,900 (4.6%) $230,419 (8.0%) 0.57 1,602
2019-03-01 $172,043 (4.3%) $242,479 (10.8%) 0.56 1,500
2019-04-01 $174,543 (3.9%) $252,159 (11.9%) 0.55 1,417
2019-05-01 $169,900 (0.0%) $254,271 (12.3%) 0.52 1,366
2019-06-01 $179,900 (7.7%) $256,058 (15.4%) 0.55 1,343
2019-07-01 $182,155 (10.7%) $261,870 (18.2%) 0.57 1,285
2019-08-01 $186,471 (12.4%) $262,059 (19.4%) 0.59 1,230
2019-09-01 $189,471 (12.8%) $262,753 (17.1%) 0.60 1,186
2019-10-01 $197,900 (16.8%) $263,682 (16.6%) 0.63 1,199
2019-11-01 $199,900 (18.7%) $264,411 (15.6%) 0.65 1,182
2019-12-01 $197,390 (17.7%) $262,788 (14.1%) 0.66 1,132
2020-01-01 $189,950 (13.2%) $259,266 (12.7%) 0.63 1,071
2020-02-01 $197,000 (16.0%) $264,648 (14.9%) 0.64 1,012
2020-03-01 $192,900 (12.1%) $261,489 (7.8%) 0.60 943
2020-04-01 $189,950 (8.8%) $254,431 (0.9%) 0.59 942
2020-05-01 $207,000 (21.8%) $263,044 (3.5%) 0.63 840
2020-06-01 $225,000 (25.1%) $274,767 (7.3%) 0.66 767
2020-07-01 $219,700 (20.6%) $272,891 (4.2%) 0.63 682
2020-08-01 $219,900 (17.9%) $276,609 (5.6%) 0.63 622
2020-09-01 $214,750 (13.3%) $298,002 (13.4%) 0.61 547
2020-10-01 $210,800 (6.5%) $298,088 (13.1%) 0.60 568
2020-11-01 $201,379 (0.7%) $282,608 (6.9%) 0.58 586
2020-12-01 $192,400 (-2.5%) $287,163 (9.3%) 0.56 569
2021-01-01 $198,900 (4.7%) $293,194 (13.1%) 0.59 523
2021-02-01 $195,750 (-0.6%) $283,774 (7.2%) 0.56 482
2021-03-01 $186,750 (-3.2%) $283,072 (8.3%) 0.52 443
2021-04-01 $192,500 (1.3%) $293,917 (15.5%) 0.52 416
2021-05-01 $189,999 (-8.2%) $297,699 (13.2%) 0.50 410
2021-06-01 $185,000 (-17.8%) $285,457 (3.9%) 0.48 440
2021-07-01 $187,450 (-14.7%) $289,566 (6.1%) 0.49 531
2021-08-01 $191,500 (-12.9%) $302,686 (9.4%) 0.50 563
2021-09-01 $195,000 (-9.2%) $319,666 (7.3%) 0.51 595
2021-10-01 $189,900 (-9.9%) $309,275 (3.8%) 0.50 601
2021-11-01 $188,900 (-6.2%) $303,907 (7.5%) 0.50 616
2021-12-01 $189,950 (-1.3%) $316,736 (10.3%) 0.51 504
2022-01-01 $194,999 (-2.0%) $350,944 (19.7%) 0.52 414
2022-02-01 $199,900 (2.1%) $338,260 (19.2%) 0.51 389
2022-03-01 $194,250 (4.0%) $337,746 (19.3%) 0.48 370
2022-04-01 $186,000 (-3.4%) $296,112 (0.8%) 0.44 402
Columbus's median listing price for 2022-04-01 was $186,000, a difference of $-6,500 (-3.4%) versus the prior year and $-8,250 versus the prior month.

Columbus's median listing price comes in at 44% of the national average.

Columbus's average listing price for 2022-04-01 was $296,112, a difference of $2,195 (0.8%) versus the prior year and $-41,634 versus the prior month.

For the 2022-04-01 period, Columbus had 402 MLS listings, a difference of 32 listings (9%) versus the prior month and -14 listings (-3%) 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
2018-01-01 103 days 1,957 sqft
2018-02-01 95 days 1,966 sqft
2018-03-01 85 days 1,974 sqft
2018-04-01 82 days 1,990 sqft
2018-05-01 80 days 2,007 sqft
2018-06-01 78 days 1,977 sqft
2018-07-01 81 days 1,946 sqft
2018-08-01 86 days 1,955 sqft
2018-09-01 93 days 1,973 sqft
2018-10-01 94 days 2,002 sqft
2018-11-01 98 days 2,007 sqft
2018-12-01 109 days 1,960 sqft
2019-01-01 117 days 1,950 sqft
2019-02-01 115 days 1,967 sqft
2019-03-01 107 days 2,013 sqft
2019-04-01 91 days 2,020 sqft
2019-05-01 87 days 2,017 sqft
2019-06-01 79 days 2,100 sqft
2019-07-01 78 days 2,118 sqft
2019-08-01 75 days 2,154 sqft
2019-09-01 77 days 2,181 sqft
2019-10-01 78 days 2,173 sqft
2019-11-01 74 days 2,203 sqft
2019-12-01 80 days 2,175 sqft
2020-01-01 88 days 2,130 sqft
2020-02-01 86 days 2,155 sqft
2020-03-01 81 days 2,112 sqft
2020-04-01 75 days 2,068 sqft
2020-05-01 79 days 2,144 sqft
2020-06-01 67 days 2,198 sqft
2020-07-01 52 days 2,153 sqft
2020-08-01 51 days 2,114 sqft
2020-09-01 48 days 2,120 sqft
2020-10-01 46 days 2,044 sqft
2020-11-01 45 days 1,967 sqft
2020-12-01 50 days 1,971 sqft
2021-01-01 57 days 2,002 sqft
2021-02-01 40 days 1,941 sqft
2021-03-01 38 days 1,909 sqft
2021-04-01 36 days 1,898 sqft
2021-05-01 24 days 1,872 sqft
2021-06-01 26 days 1,838 sqft
2021-07-01 30 days 1,827 sqft
2021-08-01 39 days 1,833 sqft
2021-09-01 41 days 1,824 sqft
2021-10-01 42 days 1,848 sqft
2021-11-01 48 days 1,851 sqft
2021-12-01 56 days 1,930 sqft
2022-01-01 63 days 1,934 sqft
2022-02-01 43 days 1,901 sqft
2022-03-01 33 days 1,853 sqft
2022-04-01 28 days 1,840 sqft
Columbus's median listing age (time on market) for 2022-04-01 was 28 days. This is -21% shorter than the same period one year ago.

Columbus's median square footage for active listings during the 2022-04-01 period was 1,840 sqft. One year prior, the average listing was 1,898 sqft.