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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.