Columbus USDA Loan Rates, Closing Costs & Stats

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 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 6.64% for the week of 2024-05-17, compared to the national average (all USDA variants) of 6.75% for the same period.

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

The average rate for the prior week (2024-05-10) was 6.58% and one month ago for the week of 2024-04-12, the average rate was 6.6%.

The average rate one year ago was 6.19%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.65%.

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
2024-04-01 $349,950 (-7.8%) $624,344 (35.6%) 0.00 99
Columbus's median listing price for 2024-04-01 was $349,950, a difference of $-29,550 (-7.8%) versus the prior year and $22,500 versus the prior month.

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

Columbus's average listing price for 2024-04-01 was $624,344, a difference of $163,872 (35.6%) versus the prior year and $241,494 versus the prior month.

For the 2024-04-01 period, Columbus had 99 MLS listings, a difference of 1 listings (1%) versus the prior month and 7 listings (8%) 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
2024-04-01 0 days 2,334 sqft
Columbus's median listing age (time on market) for 2024-04-01 was 0 days.

Columbus's median square footage for active listings during the 2024-04-01 period was 2,334 sqft. One year prior, the average listing was 2,399 sqft.