Columbus USDA Loans

COLUMBUS, IN

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 13 lenders originated 41 USDA loans during 2021. The total origination value was $6,385,000, with an average USDA loan value of $155,732.

Columbus USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Columbus averaged 5.38% for the week of 2022-08-05, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-07-29) was 5.6% and one month ago for the week of 2022-07-01, the average rate was 5.64%.

The average rate one year ago was 3.22%.

For refis of the same type during the week of 2022-08-05, the average rate was 4.99%.

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
RUOFF MORTGAGE COMPANY, INC. 12 3.15% $2,117
GVC MORTGAGE, INC. 7 3.39% $3,812
Wolfe Financial, Inc 5 3.03% $5,118
CROSSCOUNTRY MORTGAGE, LLC 5 3.18% $5,635
PENNYMAC LOAN SERVICES, LLC 3 2.83% $4,645
HALLMARK HOME MORTGAGE, LLC 2 3.63% $5,118
Carrington Mortgage Services, LLC 1 3.00% $3,128
MYCUMORTGAGE, LLC 1 2.63% $4,444
First Financial Bank 1 2.25% $4,414
PLAZA HOME MORTGAGE, INC. 1 3.13% $5,159
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.63% $3,743
DIRECT MORTGAGE LOANS, LLC 1 3.50% $6,539
Citizens Bank 1 2.88% $3,987

The top Columbus USDA lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 12 USDA loans originated. Their average total fees are $2,117, which is $1,695 lower than the next largest lender, GVC MORTGAGE, INC..

The lowest fee Columbus USDA lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($2,117), .

The lowest rate Columbus USDA lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. (3.15%), .


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 $247,400 (8.8%) $312,339 (9.8%) 0.00 277
2018-02-01 $242,345 (9.2%) $306,871 (7.0%) 0.00 234
2018-03-01 $252,000 (13.6%) $319,026 (9.7%) 0.00 223
2018-04-01 $259,900 (6.1%) $323,531 (8.9%) 0.00 212
2018-05-01 $254,900 (2.8%) $329,206 (9.5%) 0.00 228
2018-06-01 $249,900 (-0.4%) $323,083 (7.0%) 0.00 240
2018-07-01 $254,900 (-1.9%) $320,484 (2.3%) 0.00 251
2018-08-01 $249,900 (-2.0%) $316,268 (0.0%) 0.00 256
2018-09-01 $239,900 (-4.0%) $308,610 (-1.6%) 0.00 247
2018-10-01 $237,400 (2.6%) $307,413 (2.0%) 0.00 247
2018-11-01 $259,000 (13.2%) $323,284 (6.6%) 0.00 237
2018-12-01 $272,000 (17.5%) $339,734 (11.4%) 0.00 226
2019-01-01 $277,400 (12.1%) $347,979 (11.4%) 0.00 197
2019-02-01 $279,900 (15.5%) $350,884 (14.3%) 0.00 177
2019-03-01 $288,471 (14.5%) $354,421 (11.1%) 0.00 179
2019-04-01 $304,950 (17.3%) $363,648 (12.4%) 0.00 168
2019-05-01 $304,250 (19.4%) $360,969 (9.7%) 0.00 163
2019-06-01 $299,900 (20.0%) $363,415 (12.5%) 0.00 168
2019-07-01 $274,900 (7.9%) $340,317 (6.2%) 0.00 188
2019-08-01 $257,043 (2.9%) $316,330 (0.0%) 0.00 216
2019-09-01 $247,043 (3.0%) $303,138 (-1.8%) 0.00 213
2019-10-01 $249,000 (4.9%) $310,384 (1.0%) 0.00 200
2019-11-01 $259,990 (0.4%) $330,386 (2.2%) 0.00 177
2019-12-01 $262,495 (-3.5%) $327,622 (-3.6%) 0.00 151
2020-01-01 $254,500 (-8.3%) $321,926 (-7.5%) 0.00 140
2020-02-01 $250,000 (-10.7%) $327,692 (-6.6%) 0.00 148
2020-03-01 $260,950 (-9.5%) $334,048 (-5.8%) 0.00 136
2020-04-01 $249,900 (-18.1%) $309,303 (-14.9%) 0.00 149
2020-05-01 $249,900 (-17.9%) $308,977 (-14.4%) 0.00 152
2020-06-01 $242,400 (-19.2%) $305,737 (-15.9%) 0.00 148
2020-07-01 $246,500 (-10.3%) $322,396 (-5.3%) 0.00 142
2020-08-01 $250,000 (-2.7%) $312,647 (-1.2%) 0.00 134
2020-09-01 $265,995 (7.7%) $325,385 (7.3%) 0.00 119
2020-10-01 $269,000 (8.0%) $321,946 (3.7%) 0.00 118
2020-11-01 $279,900 (7.7%) $322,805 (-2.3%) 0.00 100
2020-12-01 $269,450 (2.7%) $308,566 (-5.8%) 0.00 84
2021-01-01 $259,900 (2.1%) $307,467 (-4.5%) 0.00 67
2021-02-01 $277,400 (11.0%) $312,628 (-4.6%) 0.00 45
2021-03-01 $299,900 (14.9%) $345,440 (3.4%) 0.00 49
2021-04-01 $299,900 (20.0%) $352,406 (13.9%) 0.00 51
2021-05-01 $310,000 (24.1%) $368,152 (19.2%) 0.00 65
2021-06-01 $282,450 (16.5%) $367,968 (20.4%) 0.00 71
2021-07-01 $280,000 (13.6%) $352,373 (9.3%) 0.00 87
2021-08-01 $267,400 (7.0%) $339,909 (8.7%) 0.00 107
2021-09-01 $259,900 (-2.3%) $353,770 (8.7%) 0.00 108
2021-10-01 $279,900 (4.1%) $354,177 (10.0%) 0.00 101
2021-11-01 $304,500 (8.8%) $381,475 (18.2%) 0.00 80
2021-12-01 $334,245 (24.1%) $354,448 (14.9%) 0.00 83
2022-01-01 $329,900 (26.9%) $336,427 (9.4%) 0.00 68
2022-02-01 $339,900 (22.5%) $357,789 (14.5%) 0.00 66
2022-03-01 $336,250 (12.1%) $725,999 (110.2%) 0.00 67
2022-04-01 $299,900 (0.0%) $650,267 (84.5%) 0.00 79
2022-05-01 $354,995 (14.5%) $636,492 (72.9%) 0.00 91
2022-06-01 $372,383 (31.8%) $613,409 (66.7%) 0.00 105
Columbus's median listing price for 2022-06-01 was $372,383, a difference of $89,933 (31.8%) versus the prior year and $17,388 versus the prior month.

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

Columbus's average listing price for 2022-06-01 was $613,409, a difference of $245,441 (66.7%) versus the prior year and $-23,083 versus the prior month.

For the 2022-06-01 period, Columbus had 105 MLS listings, a difference of 14 listings (15%) versus the prior month and 34 listings (48%) 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 2,470 sqft
2018-02-01 0 days 2,416 sqft
2018-03-01 0 days 2,702 sqft
2018-04-01 0 days 2,725 sqft
2018-05-01 0 days 2,733 sqft
2018-06-01 0 days 2,693 sqft
2018-07-01 0 days 2,740 sqft
2018-08-01 0 days 2,685 sqft
2018-09-01 0 days 2,464 sqft
2018-10-01 0 days 2,493 sqft
2018-11-01 0 days 2,615 sqft
2018-12-01 0 days 2,743 sqft
2019-01-01 0 days 2,629 sqft
2019-02-01 0 days 2,688 sqft
2019-03-01 0 days 2,890 sqft
2019-04-01 0 days 3,001 sqft
2019-05-01 0 days 2,869 sqft
2019-06-01 0 days 2,704 sqft
2019-07-01 0 days 2,489 sqft
2019-08-01 0 days 2,435 sqft
2019-09-01 0 days 2,476 sqft
2019-10-01 0 days 2,697 sqft
2019-11-01 0 days 2,772 sqft
2019-12-01 0 days 2,723 sqft
2020-01-01 0 days 2,742 sqft
2020-02-01 0 days 2,712 sqft
2020-03-01 0 days 2,820 sqft
2020-04-01 0 days 2,740 sqft
2020-05-01 0 days 2,774 sqft
2020-06-01 0 days 2,515 sqft
2020-07-01 0 days 2,800 sqft
2020-08-01 0 days 2,680 sqft
2020-09-01 0 days 2,376 sqft
2020-10-01 0 days 2,322 sqft
2020-11-01 0 days 2,356 sqft
2020-12-01 0 days 2,154 sqft
2021-01-01 0 days 2,218 sqft
2021-02-01 0 days 2,223 sqft
2021-03-01 0 days 2,271 sqft
2021-04-01 0 days 2,240 sqft
2021-05-01 0 days 2,457 sqft
2021-06-01 0 days 2,404 sqft
2021-07-01 0 days 2,344 sqft
2021-08-01 0 days 2,264 sqft
2021-09-01 0 days 2,210 sqft
2021-10-01 0 days 2,200 sqft
2021-11-01 0 days 2,369 sqft
2021-12-01 0 days 2,078 sqft
2022-01-01 0 days 1,862 sqft
2022-02-01 0 days 1,867 sqft
2022-03-01 0 days 2,182 sqft
2022-04-01 0 days 2,076 sqft
2022-05-01 0 days 2,156 sqft
2022-06-01 0 days 2,306 sqft
Columbus's median listing age (time on market) for 2022-06-01 was 0 days.

Columbus's median square footage for active listings during the 2022-06-01 period was 2,306 sqft. One year prior, the average listing was 2,404 sqft.