Columbus USDA Loan Rates, Closing Costs & Stats

COLUMBUS, IN

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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 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 6.32% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

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

    The average rate for the prior week (2025-02-07) was 6.37% and one month ago for the week of 2025-01-10, the average rate was 6.62%.

    The average rate one year ago was 6.41%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.33%.

    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 $229,900 (5.0%) $286,242 (4.6%) 0.00 235
    2018-02-01 $222,950 (3.1%) $279,614 (0.4%) 0.00 210
    2018-03-01 $239,900 (9.3%) $293,889 (3.6%) 0.00 199
    2018-04-01 $259,650 (5.8%) $302,995 (4.8%) 0.00 191
    2018-05-01 $241,195 (-2.3%) $302,242 (1.9%) 0.00 200
    2018-06-01 $239,900 (-3.6%) $301,156 (1.6%) 0.00 205
    2018-07-01 $243,650 (-2.5%) $300,965 (-1.3%) 0.00 218
    2018-08-01 $235,700 (-5.2%) $300,148 (-0.4%) 0.00 224
    2018-09-01 $226,200 (-3.7%) $297,275 (-0.1%) 0.00 214
    2018-10-01 $230,550 (2.5%) $296,019 (2.4%) 0.00 218
    2018-11-01 $241,175 (10.7%) $310,570 (9.5%) 0.00 214
    2018-12-01 $259,900 (20.9%) $325,577 (15.9%) 0.00 202
    2019-01-01 $269,900 (17.4%) $334,179 (16.8%) 0.00 186
    2019-02-01 $274,800 (23.3%) $336,483 (20.3%) 0.00 172
    2019-03-01 $281,329 (17.3%) $337,659 (14.9%) 0.00 170
    2019-04-01 $294,900 (13.6%) $344,675 (13.8%) 0.00 162
    2019-05-01 $289,900 (20.2%) $339,219 (12.2%) 0.00 157
    2019-06-01 $284,450 (18.6%) $335,632 (11.5%) 0.00 157
    2019-07-01 $259,175 (6.4%) $319,917 (6.3%) 0.00 180
    2019-08-01 $249,900 (6.0%) $313,906 (4.6%) 0.00 193
    2019-09-01 $249,900 (10.5%) $312,936 (5.3%) 0.00 199
    2019-10-01 $249,900 (8.4%) $312,058 (5.4%) 0.00 201
    2019-11-01 $252,450 (4.7%) $317,937 (2.4%) 0.00 174
    2019-12-01 $257,245 (-1.0%) $320,182 (-1.7%) 0.00 152
    2020-01-01 $249,900 (-7.4%) $307,144 (-8.1%) 0.00 141
    2020-02-01 $249,900 (-9.1%) $312,716 (-7.1%) 0.00 145
    2020-03-01 $256,450 (-8.8%) $326,627 (-3.3%) 0.00 133
    2020-04-01 $249,900 (-15.3%) $308,188 (-10.6%) 0.00 145
    2020-05-01 $249,900 (-13.8%) $303,723 (-10.5%) 0.00 153
    2020-06-01 $242,400 (-14.8%) $304,782 (-9.2%) 0.00 149
    2020-07-01 $245,300 (-5.4%) $312,640 (-2.3%) 0.00 139
    2020-08-01 $247,200 (-1.1%) $304,517 (-3.0%) 0.00 135
    2020-09-01 $254,948 (2.0%) $305,987 (-2.2%) 0.00 115
    2020-10-01 $254,000 (1.6%) $311,560 (-0.2%) 0.00 117
    2020-11-01 $259,725 (2.9%) $313,471 (-1.4%) 0.00 102
    2020-12-01 $254,900 (-0.9%) $300,415 (-6.2%) 0.00 85
    2021-01-01 $259,900 (4.0%) $306,028 (-0.4%) 0.00 67
    2021-02-01 $269,675 (7.9%) $309,128 (-1.2%) 0.00 44
    2021-03-01 $293,650 (14.5%) $328,002 (0.4%) 0.00 50
    2021-04-01 $294,945 (18.0%) $343,456 (11.4%) 0.00 49
    2021-05-01 $299,800 (20.0%) $354,155 (16.6%) 0.00 64
    2021-06-01 $277,495 (14.5%) $361,329 (18.6%) 0.00 72
    2021-07-01 $269,900 (10.0%) $340,357 (8.9%) 0.00 85
    2021-08-01 $264,900 (7.2%) $333,570 (9.5%) 0.00 108
    2021-09-01 $253,425 (-0.6%) $343,271 (12.2%) 0.00 107
    2021-10-01 $270,450 (6.5%) $343,877 (10.4%) 0.00 100
    2021-11-01 $297,200 (14.4%) $368,416 (17.5%) 0.00 81
    2021-12-01 $319,445 (25.3%) $346,824 (15.5%) 0.00 82
    2022-01-01 $329,445 (26.8%) $333,005 (8.8%) 0.00 68
    2022-02-01 $334,900 (24.2%) $346,599 (12.1%) 0.00 67
    2022-03-01 $343,850 (17.1%) $710,115 (116.5%) 0.00 66
    2022-04-01 $328,990 (11.5%) $668,132 (94.5%) 0.00 76
    2022-05-01 $367,423 (22.6%) $648,827 (83.2%) 0.00 91
    2022-06-01 $374,899 (35.1%) $625,224 (73.0%) 0.00 103
    2022-07-01 $369,900 (37.1%) $583,398 (71.4%) 0.00 137
    2022-08-01 $348,000 (31.4%) $575,040 (72.4%) 0.00 136
    2022-09-01 $336,975 (33.0%) $561,533 (63.6%) 0.00 134
    2022-10-01 $327,000 (20.9%) $566,537 (64.8%) 0.00 142
    2022-11-01 $342,450 (15.2%) $568,742 (54.4%) 0.00 146
    2022-12-01 $339,450 (6.3%) $372,088 (7.3%) 0.00 124
    2023-01-01 $338,425 (2.7%) $383,244 (15.1%) 0.00 108
    2023-02-01 $344,675 (2.9%) $415,652 (19.9%) 0.00 101
    2023-03-01 $379,500 (10.4%) $455,894 (-35.8%) 0.00 96
    2023-04-01 $379,500 (15.4%) $457,370 (-31.5%) 0.00 93
    2023-05-01 $379,500 (3.3%) $453,418 (-30.1%) 0.00 95
    2023-06-01 $389,723 (4.0%) $458,596 (-26.7%) 0.00 112
    2023-07-01 $374,950 (1.4%) $424,689 (-27.2%) 0.00 104
    2023-08-01 $349,475 (0.4%) $391,153 (-32.0%) 0.00 96
    2023-09-01 $345,000 (2.4%) $397,840 (-29.2%) 0.00 103
    2023-10-01 $332,400 (1.7%) $384,106 (-32.2%) 0.00 129
    2023-11-01 $324,400 (-5.3%) $370,827 (-34.8%) 0.00 130
    2023-12-01 $299,900 (-11.7%) $351,279 (-5.6%) 0.00 123
    2024-01-01 $299,675 (-11.5%) $347,969 (-9.2%) 0.00 111
    2024-02-01 $304,975 (-11.5%) $352,614 (-15.2%) 0.00 91
    2024-03-01 $325,000 (-14.4%) $380,306 (-16.6%) 0.00 101
    2024-04-01 $349,950 (-7.8%) $621,650 (35.9%) 0.00 99
    2024-05-01 $339,925 (-10.4%) $602,571 (32.9%) 0.00 112
    2024-06-01 $329,900 (-15.4%) $564,266 (23.0%) 0.00 135
    2024-07-01 $328,000 (-12.5%) $546,865 (28.8%) 0.00 150
    2024-08-01 $343,250 (-1.8%) $556,077 (42.2%) 0.00 146
    2024-09-01 $354,475 (2.8%) $559,157 (40.6%) 0.00 168
    2024-10-01 $347,250 (4.5%) $551,309 (43.5%) 0.00 164
    2024-11-01 $319,900 (-1.4%) $528,063 (42.4%) 0.00 159
    2024-12-01 $307,700 (2.6%) $544,261 (54.9%) 0.00 150
    2025-01-01 $291,000 (-2.9%) $532,727 (53.1%) 0.00 138
    Columbus's median listing price for 2025-01-01 was $291,000, a difference of $-8,675 (-2.9%) versus the prior year and $-16,700 versus the prior month.

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

    Columbus's average listing price for 2025-01-01 was $532,727, a difference of $184,758 (53.1%) versus the prior year and $-11,534 versus the prior month.

    For the 2025-01-01 period, Columbus had 138 MLS listings, a difference of -12 listings (-8%) versus the prior month and 27 listings (24%) 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 2,336 sqft
    2018-02-01 0 days 2,328 sqft
    2018-03-01 0 days 2,571 sqft
    2018-04-01 0 days 2,693 sqft
    2018-05-01 0 days 2,725 sqft
    2018-06-01 0 days 2,477 sqft
    2018-07-01 0 days 2,579 sqft
    2018-08-01 0 days 2,548 sqft
    2018-09-01 0 days 2,379 sqft
    2018-10-01 0 days 2,408 sqft
    2018-11-01 0 days 2,513 sqft
    2018-12-01 0 days 2,656 sqft
    2019-01-01 0 days 2,560 sqft
    2019-02-01 0 days 2,609 sqft
    2019-03-01 0 days 2,683 sqft
    2019-04-01 0 days 2,832 sqft
    2019-05-01 0 days 2,723 sqft
    2019-06-01 0 days 2,624 sqft
    2019-07-01 0 days 2,479 sqft
    2019-08-01 0 days 2,509 sqft
    2019-09-01 0 days 2,610 sqft
    2019-10-01 0 days 2,690 sqft
    2019-11-01 0 days 2,750 sqft
    2019-12-01 0 days 2,723 sqft
    2020-01-01 0 days 2,701 sqft
    2020-02-01 0 days 2,673 sqft
    2020-03-01 0 days 2,799 sqft
    2020-04-01 0 days 2,741 sqft
    2020-05-01 0 days 2,773 sqft
    2020-06-01 0 days 2,600 sqft
    2020-07-01 0 days 2,778 sqft
    2020-08-01 0 days 2,561 sqft
    2020-09-01 0 days 2,317 sqft
    2020-10-01 0 days 2,335 sqft
    2020-11-01 0 days 2,256 sqft
    2020-12-01 0 days 2,104 sqft
    2021-01-01 0 days 2,192 sqft
    2021-02-01 0 days 2,227 sqft
    2021-03-01 0 days 2,326 sqft
    2021-04-01 0 days 2,212 sqft
    2021-05-01 0 days 2,373 sqft
    2021-06-01 0 days 2,387 sqft
    2021-07-01 0 days 2,344 sqft
    2021-08-01 0 days 2,252 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 2,361 sqft
    2022-07-01 0 days 2,465 sqft
    2022-08-01 0 days 2,443 sqft
    2022-09-01 0 days 2,422 sqft
    2022-10-01 0 days 2,305 sqft
    2022-11-01 0 days 2,306 sqft
    2022-12-01 0 days 2,230 sqft
    2023-01-01 0 days 2,137 sqft
    2023-02-01 0 days 2,053 sqft
    2023-03-01 0 days 2,282 sqft
    2023-04-01 0 days 2,400 sqft
    2023-05-01 0 days 2,259 sqft
    2023-06-01 0 days 2,396 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 2,295 sqft
    2023-11-01 0 days 2,212 sqft
    2023-12-01 0 days 2,120 sqft
    2024-01-01 0 days 2,099 sqft
    2024-02-01 0 days 2,087 sqft
    2024-03-01 0 days 2,218 sqft
    2024-04-01 0 days 2,305 sqft
    2024-05-01 0 days 2,446 sqft
    2024-06-01 0 days 2,390 sqft
    2024-07-01 0 days 2,285 sqft
    2024-08-01 0 days 2,312 sqft
    2024-09-01 0 days 2,424 sqft
    2024-10-01 0 days 2,463 sqft
    2024-11-01 0 days 2,143 sqft
    2024-12-01 0 days 2,148 sqft
    2025-01-01 0 days 2,060 sqft
    Columbus's median listing age (time on market) for 2025-01-01 was 0 days.

    Columbus's median square footage for active listings during the 2025-01-01 period was 2,060 sqft. One year prior, the average listing was 2,099 sqft.