Columbus USDA Loan Rates, Closing Costs & Stats

COLUMBUS, IN

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 7 lenders originated 8 USDA loans during 2023. The total origination value was $1,460,000, with an average USDA loan value of $182,500.

    Columbus USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Columbus averaged 6.65% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Columbus's average USDA mortgage closing costs are $4,050.

    The average rate for the prior week (2024-04-12) was 6.6% and one month ago for the week of 2024-03-15, the average rate was 6.79%.

    The average rate one year ago was 6.33%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.96%.

    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
    GVC MORTGAGE, INC. 2 7.56% $6,972
    FIRST COMMUNITY MORTGAGE, INC. 1 7.00% $5,371
    Flagstar Bank, FSB 1 6.74% $7,655
    Fifth Third Bank 1 6.63% $5,368
    NEWREZ LLC 1 7.25% $6,747
    ON Q FINANCIAL, INC. 1 7.25% $5,049
    Wolfe Financial, Inc 1 6.50% $7,123

    The top Columbus USDA lender as defined by loan originations is GVC MORTGAGE, INC., with 2 USDA loans originated. Their average total fees are $6,972, which is $1,601 higher than the next largest lender, FIRST COMMUNITY MORTGAGE, 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 $230,300 (5.2%) $286,489 (4.4%) 0.00 234
    2018-02-01 $222,950 (1.9%) $279,744 (0.2%) 0.00 209
    2018-03-01 $239,900 (9.3%) $294,448 (3.5%) 0.00 198
    2018-04-01 $259,650 (5.6%) $304,011 (4.9%) 0.00 189
    2018-05-01 $241,195 (-2.3%) $303,269 (2.3%) 0.00 198
    2018-06-01 $239,900 (-3.6%) $302,124 (2.0%) 0.00 203
    2018-07-01 $244,925 (-2.0%) $302,586 (-0.7%) 0.00 215
    2018-08-01 $235,925 (-5.1%) $301,914 (0.2%) 0.00 221
    2018-09-01 $224,900 (-5.3%) $297,276 (-0.1%) 0.00 212
    2018-10-01 $231,875 (3.1%) $296,413 (2.5%) 0.00 217
    2018-11-01 $242,473 (11.7%) $311,288 (9.6%) 0.00 213
    2018-12-01 $259,900 (22.2%) $325,577 (15.8%) 0.00 202
    2019-01-01 $271,050 (17.7%) $334,679 (16.8%) 0.00 185
    2019-02-01 $274,900 (23.3%) $337,067 (20.5%) 0.00 171
    2019-03-01 $284,800 (18.7%) $339,222 (15.2%) 0.00 169
    2019-04-01 $303,950 (17.1%) $347,570 (14.3%) 0.00 160
    2019-05-01 $294,500 (22.1%) $342,044 (12.8%) 0.00 155
    2019-06-01 $289,450 (20.7%) $338,349 (12.0%) 0.00 155
    2019-07-01 $259,900 (6.1%) $322,916 (6.7%) 0.00 177
    2019-08-01 $249,900 (5.9%) $315,598 (4.5%) 0.00 191
    2019-09-01 $249,900 (11.1%) $314,095 (5.7%) 0.00 197
    2019-10-01 $249,900 (7.8%) $312,866 (5.6%) 0.00 199
    2019-11-01 $255,000 (5.2%) $318,813 (2.4%) 0.00 173
    2019-12-01 $257,495 (-0.9%) $321,297 (-1.3%) 0.00 151
    2020-01-01 $249,900 (-7.8%) $307,654 (-8.1%) 0.00 141
    2020-02-01 $249,900 (-9.1%) $312,716 (-7.2%) 0.00 145
    2020-03-01 $256,450 (-10.0%) $326,556 (-3.7%) 0.00 132
    2020-04-01 $249,425 (-17.9%) $308,188 (-11.3%) 0.00 145
    2020-05-01 $249,900 (-15.1%) $303,723 (-11.2%) 0.00 153
    2020-06-01 $242,400 (-16.3%) $304,782 (-9.9%) 0.00 149
    2020-07-01 $245,300 (-5.6%) $312,885 (-3.1%) 0.00 139
    2020-08-01 $247,200 (-1.1%) $305,017 (-3.4%) 0.00 134
    2020-09-01 $254,973 (2.0%) $306,280 (-2.5%) 0.00 115
    2020-10-01 $259,900 (4.0%) $312,918 (0.0%) 0.00 116
    2020-11-01 $262,000 (2.8%) $314,088 (-1.5%) 0.00 101
    2020-12-01 $256,175 (-0.5%) $302,053 (-6.0%) 0.00 83
    2021-01-01 $262,450 (5.0%) $307,956 (0.1%) 0.00 66
    2021-02-01 $273,650 (9.5%) $312,365 (-0.1%) 0.00 43
    2021-03-01 $294,900 (15.0%) $331,900 (1.6%) 0.00 48
    2021-04-01 $297,425 (19.2%) $347,618 (12.8%) 0.00 48
    2021-05-01 $299,900 (20.0%) $357,030 (17.6%) 0.00 63
    2021-06-01 $272,473 (12.4%) $362,263 (18.9%) 0.00 72
    2021-07-01 $272,450 (11.1%) $341,997 (9.3%) 0.00 85
    2021-08-01 $266,150 (7.7%) $335,044 (9.8%) 0.00 107
    2021-09-01 $253,425 (-0.6%) $343,271 (12.1%) 0.00 107
    2021-10-01 $270,450 (4.1%) $343,877 (9.9%) 0.00 100
    2021-11-01 $297,200 (13.4%) $368,416 (17.3%) 0.00 81
    2021-12-01 $319,445 (24.7%) $346,824 (14.8%) 0.00 82
    2022-01-01 $329,445 (25.5%) $333,005 (8.1%) 0.00 68
    2022-02-01 $334,900 (22.4%) $346,599 (11.0%) 0.00 67
    2022-03-01 $345,325 (17.1%) $710,115 (114.0%) 0.00 65
    2022-04-01 $333,995 (12.3%) $671,222 (93.1%) 0.00 75
    2022-05-01 $367,423 (22.5%) $650,219 (82.1%) 0.00 91
    2022-06-01 $374,966 (37.6%) $626,686 (73.0%) 0.00 103
    2022-07-01 $369,900 (35.8%) $583,747 (70.7%) 0.00 136
    2022-08-01 $346,000 (30.0%) $576,347 (72.0%) 0.00 135
    2022-09-01 $337,000 (33.0%) $564,935 (64.6%) 0.00 132
    2022-10-01 $329,000 (21.7%) $570,637 (65.9%) 0.00 140
    2022-11-01 $343,698 (15.7%) $571,901 (55.2%) 0.00 144
    2022-12-01 $339,900 (6.4%) $374,658 (8.0%) 0.00 121
    2023-01-01 $339,450 (3.0%) $384,674 (15.5%) 0.00 107
    2023-02-01 $339,900 (1.5%) $417,312 (20.4%) 0.00 101
    2023-03-01 $379,500 (9.9%) $458,548 (-35.4%) 0.00 95
    2023-04-01 $379,500 (13.6%) $460,472 (-31.4%) 0.00 92
    2023-05-01 $379,500 (3.3%) $455,824 (-29.9%) 0.00 93
    2023-06-01 $392,200 (4.6%) $460,208 (-26.6%) 0.00 111
    2023-07-01 $374,950 (1.4%) $424,689 (-27.3%) 0.00 104
    2023-08-01 $349,475 (1.0%) $392,000 (-32.0%) 0.00 95
    2023-09-01 $345,000 (2.4%) $398,079 (-29.5%) 0.00 101
    2023-10-01 $339,900 (3.3%) $387,053 (-32.2%) 0.00 126
    2023-11-01 $327,400 (-4.7%) $373,711 (-34.7%) 0.00 127
    2023-12-01 $299,900 (-11.8%) $354,632 (-5.4%) 0.00 120
    2024-01-01 $299,900 (-11.7%) $348,498 (-9.4%) 0.00 110
    2024-02-01 $305,200 (-10.2%) $353,803 (-15.2%) 0.00 90
    2024-03-01 $327,450 (-13.7%) $382,850 (-16.5%) 0.00 98
    Columbus's median listing price for 2024-03-01 was $327,450, a difference of $-52,050 (-13.7%) versus the prior year and $22,250 versus the prior month.

    Columbus's median listing price comes in at 0% of the national average.

    Columbus's average listing price for 2024-03-01 was $382,850, a difference of $-75,698 (-16.5%) versus the prior year and $29,047 versus the prior month.

    For the 2024-03-01 period, Columbus had 98 MLS listings, a difference of 8 listings (9%) versus the prior month and 3 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 0 days 2,340 sqft
    2018-02-01 0 days 2,330 sqft
    2018-03-01 0 days 2,571 sqft
    2018-04-01 0 days 2,693 sqft
    2018-05-01 0 days 2,739 sqft
    2018-06-01 0 days 2,490 sqft
    2018-07-01 0 days 2,604 sqft
    2018-08-01 0 days 2,549 sqft
    2018-09-01 0 days 2,405 sqft
    2018-10-01 0 days 2,416 sqft
    2018-11-01 0 days 2,529 sqft
    2018-12-01 0 days 2,656 sqft
    2019-01-01 0 days 2,584 sqft
    2019-02-01 0 days 2,631 sqft
    2019-03-01 0 days 2,715 sqft
    2019-04-01 0 days 2,864 sqft
    2019-05-01 0 days 2,766 sqft
    2019-06-01 0 days 2,624 sqft
    2019-07-01 0 days 2,484 sqft
    2019-08-01 0 days 2,509 sqft
    2019-09-01 0 days 2,610 sqft
    2019-10-01 0 days 2,688 sqft
    2019-11-01 0 days 2,766 sqft
    2019-12-01 0 days 2,734 sqft
    2020-01-01 0 days 2,712 sqft
    2020-02-01 0 days 2,673 sqft
    2020-03-01 0 days 2,802 sqft
    2020-04-01 0 days 2,741 sqft
    2020-05-01 0 days 2,774 sqft
    2020-06-01 0 days 2,600 sqft
    2020-07-01 0 days 2,778 sqft
    2020-08-01 0 days 2,577 sqft
    2020-09-01 0 days 2,316 sqft
    2020-10-01 0 days 2,335 sqft
    2020-11-01 0 days 2,259 sqft
    2020-12-01 0 days 2,112 sqft
    2021-01-01 0 days 2,192 sqft
    2021-02-01 0 days 2,194 sqft
    2021-03-01 0 days 2,324 sqft
    2021-04-01 0 days 2,200 sqft
    2021-05-01 0 days 2,350 sqft
    2021-06-01 0 days 2,342 sqft
    2021-07-01 0 days 2,344 sqft
    2021-08-01 0 days 2,238 sqft
    2021-09-01 0 days 2,151 sqft
    2021-10-01 0 days 2,151 sqft
    2021-11-01 0 days 2,366 sqft
    2021-12-01 0 days 2,000 sqft
    2022-01-01 0 days 1,920 sqft
    2022-02-01 0 days 1,884 sqft
    2022-03-01 0 days 2,163 sqft
    2022-04-01 0 days 2,028 sqft
    2022-05-01 0 days 2,207 sqft
    2022-06-01 0 days 2,365 sqft
    2022-07-01 0 days 2,465 sqft
    2022-08-01 0 days 2,428 sqft
    2022-09-01 0 days 2,398 sqft
    2022-10-01 0 days 2,282 sqft
    2022-11-01 0 days 2,310 sqft
    2022-12-01 0 days 2,240 sqft
    2023-01-01 0 days 2,147 sqft
    2023-02-01 0 days 2,043 sqft
    2023-03-01 0 days 2,281 sqft
    2023-04-01 0 days 2,399 sqft
    2023-05-01 0 days 2,259 sqft
    2023-06-01 0 days 2,380 sqft
    2023-07-01 0 days 2,386 sqft
    2023-08-01 0 days 2,446 sqft
    2023-09-01 0 days 2,397 sqft
    2023-10-01 0 days 2,302 sqft
    2023-11-01 0 days 2,236 sqft
    2023-12-01 0 days 2,112 sqft
    2024-01-01 0 days 2,093 sqft
    2024-02-01 0 days 2,072 sqft
    2024-03-01 0 days 2,211 sqft
    Columbus's median listing age (time on market) for 2024-03-01 was 0 days.

    Columbus's median square footage for active listings during the 2024-03-01 period was 2,211 sqft. One year prior, the average listing was 2,281 sqft.