Columbus USDA Loan Rates, Closing Costs & Stats

Columbus, MS

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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 16 lenders originated 61 USDA loans during 2023. The total origination value was $9,835,000, with an average USDA loan value of $161,230.

    Columbus USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Columbus averaged 6.2% 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 $5,003.

    The average rate for the prior week (2025-02-07) was 6.46% and one month ago for the week of 2025-01-10, the average rate was 6.51%.

    The average rate one year ago was 6.3%.

    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
    Flagstar Bank, FSB 16 6.37% $9,177
    Renasant Bank 10 6.29% $5,895
    CARDINAL FINANCIAL 8 5.92% $8,947
    FIRST COMMUNITY MORTGAGE, INC. 6 6.85% $6,242
    LEADERONE FINANCIAL CORPORATION 5 6.98% $6,565
    BancorpSouth 3 6.42% $5,328
    Trustmark National Bank 3 6.33% $5,122
    Magnolia Bank 2 6.56% $4,867
    MOVEMENT MORTGAGE, LLC 1 7.25% $5,056
    Paramount Residential Mortgage Group, Inc. 1 6.50% $8,757
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.75% $6,573
    CIS Financial Services, Inc. 1 6.13% $6,077
    STOCKTON MORTGAGE CORPORATION 1 7.13% $7,668
    The Citizens National Bank of Meridian 1 6.38% $3,843
    TOWNE MORTGAGE COMPANY 1 6.13% $8,276
    GMFS LLC 1 6.75% $6,241

    The top Columbus USDA lender as defined by loan originations is Flagstar Bank, FSB, with 16 USDA loans originated. Their average total fees are $9,177, which is $3,283 higher than the next largest lender, Renasant Bank.

    The lowest fee Columbus USDA lenders (with over 10 loans originated) are Renasant Bank ($5,895), Flagstar Bank, FSB ($9,177), .

    The lowest rate Columbus USDA lenders (with over 10 loans originated) are Renasant Bank (6.29%), Flagstar Bank, FSB (6.37%), .

    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 $129,900 (2.9%) $163,567 (-4.0%) 0.00 244
    2018-02-01 $119,950 (-11.1%) $160,116 (-10.6%) 0.00 252
    2018-03-01 $129,500 (-4.5%) $160,188 (-11.8%) 0.00 255
    2018-04-01 $132,200 (-2.0%) $167,673 (-5.0%) 0.00 286
    2018-05-01 $139,700 (6.2%) $172,707 (-2.0%) 0.00 279
    2018-06-01 $139,700 (4.7%) $175,393 (-0.7%) 0.00 287
    2018-07-01 $148,663 (14.4%) $180,192 (3.7%) 0.00 280
    2018-08-01 $154,225 (18.7%) $184,666 (8.7%) 0.00 258
    2018-09-01 $154,900 (19.3%) $187,054 (11.9%) 0.00 259
    2018-10-01 $149,975 (15.4%) $187,922 (9.9%) 0.00 261
    2018-11-01 $148,375 (11.9%) $188,589 (11.6%) 0.00 253
    2018-12-01 $149,900 (15.4%) $189,209 (12.0%) 0.00 242
    2019-01-01 $149,900 (15.4%) $184,239 (12.6%) 0.00 245
    2019-02-01 $149,950 (25.0%) $188,028 (17.4%) 0.00 244
    2019-03-01 $156,643 (21.0%) $198,427 (23.9%) 0.00 237
    2019-04-01 $159,900 (21.0%) $206,178 (23.0%) 0.00 236
    2019-05-01 $154,925 (10.9%) $206,822 (19.8%) 0.00 239
    2019-06-01 $159,900 (14.5%) $217,908 (24.2%) 0.00 234
    2019-07-01 $169,575 (14.1%) $227,692 (26.4%) 0.00 225
    2019-08-01 $169,427 (9.9%) $225,019 (21.9%) 0.00 223
    2019-09-01 $169,693 (9.6%) $223,333 (19.4%) 0.00 222
    2019-10-01 $169,870 (13.3%) $222,209 (18.3%) 0.00 219
    2019-11-01 $169,900 (14.5%) $223,977 (18.8%) 0.00 206
    2019-12-01 $172,400 (15.0%) $231,349 (22.3%) 0.00 199
    2020-01-01 $174,675 (16.5%) $225,927 (22.6%) 0.00 200
    2020-02-01 $191,200 (27.5%) $236,534 (25.8%) 0.00 197
    2020-03-01 $198,750 (26.9%) $235,591 (18.7%) 0.00 200
    2020-04-01 $197,988 (23.8%) $235,166 (14.1%) 0.00 200
    2020-05-01 $189,900 (22.6%) $238,089 (15.1%) 0.00 187
    2020-06-01 $196,922 (23.2%) $248,755 (14.2%) 0.00 170
    2020-07-01 $199,475 (17.6%) $251,046 (10.3%) 0.00 164
    2020-08-01 $211,950 (25.1%) $249,857 (11.0%) 0.00 161
    2020-09-01 $214,900 (26.6%) $251,780 (12.7%) 0.00 151
    2020-10-01 $214,900 (26.5%) $251,874 (13.4%) 0.00 152
    2020-11-01 $183,350 (7.9%) $235,562 (5.2%) 0.00 153
    2020-12-01 $185,900 (7.8%) $239,875 (3.7%) 0.00 143
    2021-01-01 $185,900 (6.4%) $226,356 (0.2%) 0.00 134
    2021-02-01 $184,900 (-3.3%) $229,927 (-2.8%) 0.00 114
    2021-03-01 $185,175 (-6.8%) $234,713 (-0.4%) 0.00 105
    2021-04-01 $195,250 (-1.4%) $253,827 (7.9%) 0.00 91
    2021-05-01 $209,900 (10.5%) $263,759 (10.8%) 0.00 82
    2021-06-01 $194,900 (-1.0%) $260,671 (4.8%) 0.00 78
    2021-07-01 $189,900 (-4.8%) $246,121 (-2.0%) 0.00 78
    2021-08-01 $182,300 (-14.0%) $240,005 (-3.9%) 0.00 87
    2021-09-01 $202,400 (-5.8%) $251,648 (-0.1%) 0.00 87
    2021-10-01 $199,450 (-7.2%) $248,500 (-1.3%) 0.00 91
    2021-11-01 $214,450 (17.0%) $267,436 (13.5%) 0.00 101
    2021-12-01 $196,700 (5.8%) $265,565 (10.7%) 0.00 106
    2022-01-01 $191,750 (3.2%) $302,316 (33.6%) 0.00 95
    2022-02-01 $190,625 (3.1%) $302,956 (31.8%) 0.00 85
    2022-03-01 $211,425 (14.2%) $315,466 (34.4%) 0.00 75
    2022-04-01 $259,900 (33.1%) $338,058 (33.2%) 0.00 90
    2022-05-01 $247,450 (17.9%) $325,309 (23.3%) 0.00 99
    2022-06-01 $231,250 (18.7%) $316,345 (21.4%) 0.00 108
    2022-07-01 $229,450 (20.8%) $290,577 (18.1%) 0.00 132
    2022-08-01 $229,000 (25.6%) $290,624 (21.1%) 0.00 130
    2022-09-01 $215,000 (6.2%) $280,059 (11.3%) 0.00 124
    2022-10-01 $215,000 (7.8%) $283,378 (14.0%) 0.00 134
    2022-11-01 $203,700 (-5.0%) $270,396 (1.1%) 0.00 150
    2022-12-01 $195,450 (-0.6%) $268,699 (1.2%) 0.00 138
    2023-01-01 $196,225 (2.3%) $280,746 (-7.1%) 0.00 124
    2023-02-01 $200,225 (5.0%) $282,947 (-6.6%) 0.00 126
    2023-03-01 $204,495 (-3.3%) $293,472 (-7.0%) 0.00 120
    2023-04-01 $220,000 (-15.4%) $302,114 (-10.6%) 0.00 111
    2023-05-01 $228,500 (-7.7%) $288,052 (-11.5%) 0.00 112
    2023-06-01 $213,675 (-7.6%) $286,485 (-9.4%) 0.00 105
    2023-07-01 $209,750 (-8.6%) $295,554 (1.7%) 0.00 103
    2023-08-01 $257,000 (12.2%) $304,357 (4.7%) 0.00 111
    2023-09-01 $249,450 (16.0%) $290,050 (3.6%) 0.00 123
    2023-10-01 $249,900 (16.2%) $302,727 (6.8%) 0.00 134
    2023-11-01 $244,900 (20.2%) $300,954 (11.3%) 0.00 137
    2023-12-01 $250,000 (27.9%) $306,771 (14.2%) 0.00 140
    2024-01-01 $246,875 (25.8%) $269,951 (-3.8%) 0.00 139
    2024-02-01 $247,500 (23.6%) $267,058 (-5.6%) 0.00 136
    2024-03-01 $239,000 (16.9%) $263,747 (-10.1%) 0.00 129
    2024-04-01 $231,700 (5.3%) $255,724 (-15.4%) 0.00 143
    2024-05-01 $229,500 (0.4%) $255,213 (-11.4%) 0.00 141
    2024-06-01 $224,500 (5.1%) $252,677 (-11.8%) 0.00 151
    2024-07-01 $235,250 (12.2%) $263,147 (-11.0%) 0.00 149
    2024-08-01 $234,700 (-8.7%) $270,200 (-11.2%) 0.00 149
    2024-09-01 $242,875 (-2.6%) $277,235 (-4.4%) 0.00 156
    2024-10-01 $242,250 (-3.1%) $274,231 (-9.4%) 0.00 152
    2024-11-01 $239,000 (-2.4%) $273,138 (-9.2%) 0.00 148
    2024-12-01 $239,000 (-4.4%) $272,840 (-11.1%) 0.00 140
    2025-01-01 $233,375 (-5.5%) $266,842 (-1.2%) 0.00 135
    Columbus's median listing price for 2025-01-01 was $233,375, a difference of $-13,500 (-5.5%) versus the prior year and $-5,625 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 $266,842, a difference of $-3,109 (-1.2%) versus the prior year and $-5,998 versus the prior month.

    For the 2025-01-01 period, Columbus had 135 MLS listings, a difference of -5 listings (-4%) versus the prior month and -4 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 1,880 sqft
    2018-02-01 0 days 1,814 sqft
    2018-03-01 0 days 1,829 sqft
    2018-04-01 0 days 1,817 sqft
    2018-05-01 0 days 1,834 sqft
    2018-06-01 0 days 1,832 sqft
    2018-07-01 0 days 1,848 sqft
    2018-08-01 0 days 1,860 sqft
    2018-09-01 0 days 1,891 sqft
    2018-10-01 0 days 1,914 sqft
    2018-11-01 0 days 1,897 sqft
    2018-12-01 0 days 1,917 sqft
    2019-01-01 0 days 1,896 sqft
    2019-02-01 0 days 1,917 sqft
    2019-03-01 0 days 1,976 sqft
    2019-04-01 0 days 2,015 sqft
    2019-05-01 0 days 2,000 sqft
    2019-06-01 0 days 2,000 sqft
    2019-07-01 0 days 2,080 sqft
    2019-08-01 0 days 2,027 sqft
    2019-09-01 0 days 2,021 sqft
    2019-10-01 0 days 2,048 sqft
    2019-11-01 0 days 2,162 sqft
    2019-12-01 0 days 2,179 sqft
    2020-01-01 0 days 2,100 sqft
    2020-02-01 0 days 2,220 sqft
    2020-03-01 0 days 2,189 sqft
    2020-04-01 0 days 2,146 sqft
    2020-05-01 0 days 2,172 sqft
    2020-06-01 0 days 2,295 sqft
    2020-07-01 0 days 2,258 sqft
    2020-08-01 0 days 2,300 sqft
    2020-09-01 0 days 2,318 sqft
    2020-10-01 0 days 2,328 sqft
    2020-11-01 0 days 2,143 sqft
    2020-12-01 0 days 2,128 sqft
    2021-01-01 0 days 2,100 sqft
    2021-02-01 0 days 2,109 sqft
    2021-03-01 0 days 2,216 sqft
    2021-04-01 0 days 2,340 sqft
    2021-05-01 0 days 2,300 sqft
    2021-06-01 0 days 2,267 sqft
    2021-07-01 0 days 2,201 sqft
    2021-08-01 0 days 2,229 sqft
    2021-09-01 0 days 2,244 sqft
    2021-10-01 0 days 2,258 sqft
    2021-11-01 0 days 2,161 sqft
    2021-12-01 0 days 2,053 sqft
    2022-01-01 0 days 2,079 sqft
    2022-02-01 0 days 2,033 sqft
    2022-03-01 0 days 2,178 sqft
    2022-04-01 0 days 2,192 sqft
    2022-05-01 0 days 2,190 sqft
    2022-06-01 0 days 2,114 sqft
    2022-07-01 0 days 2,104 sqft
    2022-08-01 0 days 2,092 sqft
    2022-09-01 0 days 2,093 sqft
    2022-10-01 0 days 2,020 sqft
    2022-11-01 0 days 1,985 sqft
    2022-12-01 0 days 1,978 sqft
    2023-01-01 0 days 1,951 sqft
    2023-02-01 0 days 1,971 sqft
    2023-03-01 0 days 2,031 sqft
    2023-04-01 0 days 2,079 sqft
    2023-05-01 0 days 2,080 sqft
    2023-06-01 0 days 1,991 sqft
    2023-07-01 0 days 1,923 sqft
    2023-08-01 0 days 1,998 sqft
    2023-09-01 0 days 2,004 sqft
    2023-10-01 0 days 1,991 sqft
    2023-11-01 0 days 2,032 sqft
    2023-12-01 0 days 2,048 sqft
    2024-01-01 0 days 2,056 sqft
    2024-02-01 0 days 2,059 sqft
    2024-03-01 0 days 2,052 sqft
    2024-04-01 0 days 1,997 sqft
    2024-05-01 0 days 1,989 sqft
    2024-06-01 0 days 1,960 sqft
    2024-07-01 0 days 2,009 sqft
    2024-08-01 0 days 1,983 sqft
    2024-09-01 0 days 2,042 sqft
    2024-10-01 0 days 2,008 sqft
    2024-11-01 0 days 1,960 sqft
    2024-12-01 0 days 2,009 sqft
    2025-01-01 0 days 1,954 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 1,954 sqft. One year prior, the average listing was 2,056 sqft.