Columbus USDA Loans

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 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.