Columbus USDA Loan Rates, Closing Costs & Stats

Columbus, NE

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 4 lenders originated 10 USDA loans during 2023. The total origination value was $1,750,000, with an average USDA loan value of $175,000.

Columbus USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Columbus averaged 6.3% for the week of 2024-10-11, compared to the national average (all USDA variants) of 6.08% for the same period.

Columbus's average USDA mortgage closing costs are $4,048.

The average rate for the prior week (2024-10-04) was 5.79% and one month ago for the week of 2024-09-06, the average rate was 5.88%.

The average rate one year ago was 7.28%.

For refis of the same type during the week of 2024-10-11, the average rate was 6.18%.

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
Pinnacle Bank 6 6.35% $4,586
CHARTER WEST BANK 2 6.44% $4,802
PLAZA HOME MORTGAGE, INC. 1 7.25% $8,744
West Gate Bank 1 6.63% $4,910

The top Columbus USDA lender as defined by loan originations is Pinnacle Bank, with 6 USDA loans originated. Their average total fees are $4,586, which is $216 lower than the next largest lender, CHARTER WEST BANK.

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 $180,750 (-8.2%) $208,574 (1.5%) 0.00 70
2018-02-01 $187,575 (-12.5%) $210,573 (-3.3%) 0.00 70
2018-03-01 $195,500 (1.6%) $213,800 (-1.5%) 0.00 60
2018-04-01 $213,750 (16.8%) $229,456 (6.3%) 0.00 63
2018-05-01 $227,850 (4.8%) $234,248 (7.2%) 0.00 60
2018-06-01 $214,000 (14.5%) $230,096 (6.5%) 0.00 61
2018-07-01 $192,175 (5.3%) $213,545 (3.5%) 0.00 60
2018-08-01 $201,825 (9.1%) $218,695 (4.2%) 0.00 69
2018-09-01 $214,900 (8.0%) $222,132 (3.4%) 0.00 68
2018-10-01 $225,000 (21.1%) $234,346 (10.1%) 0.00 64
2018-11-01 $216,500 (22.7%) $229,707 (9.3%) 0.00 68
2018-12-01 $213,950 (9.2%) $232,000 (7.4%) 0.00 63
2019-01-01 $239,900 (32.7%) $254,677 (22.1%) 0.00 61
2019-02-01 $244,950 (30.6%) $255,617 (21.4%) 0.00 60
2019-03-01 $249,257 (27.5%) $255,637 (19.6%) 0.00 59
2019-04-01 $254,282 (19.0%) $258,323 (12.6%) 0.00 60
2019-05-01 $229,900 (0.9%) $253,807 (8.4%) 0.00 76
2019-06-01 $229,900 (7.4%) $264,098 (14.8%) 0.00 74
2019-07-01 $229,900 (19.6%) $260,526 (22.0%) 0.00 78
2019-08-01 $221,200 (9.6%) $258,170 (18.1%) 0.00 77
2019-09-01 $208,150 (-3.1%) $249,230 (12.2%) 0.00 83
2019-10-01 $200,200 (-11.0%) $244,058 (4.1%) 0.00 84
2019-11-01 $220,000 (1.6%) $257,895 (12.3%) 0.00 77
2019-12-01 $211,000 (-1.4%) $251,691 (8.5%) 0.00 63
2020-01-01 $237,750 (-0.9%) $260,079 (2.1%) 0.00 59
2020-02-01 $266,250 (8.7%) $271,211 (6.1%) 0.00 57
2020-03-01 $274,450 (10.1%) $280,193 (9.6%) 0.00 66
2020-04-01 $277,425 (9.1%) $289,712 (12.2%) 0.00 69
2020-05-01 $257,750 (12.1%) $274,305 (8.1%) 0.00 80
2020-06-01 $271,000 (17.9%) $285,595 (8.1%) 0.00 61
2020-07-01 $287,825 (25.2%) $295,436 (13.4%) 0.00 52
2020-08-01 $279,450 (26.3%) $293,067 (13.5%) 0.00 55
2020-09-01 $263,225 (26.5%) $270,256 (8.4%) 0.00 58
2020-10-01 $269,900 (34.8%) $279,264 (14.4%) 0.00 63
2020-11-01 $251,175 (14.2%) $277,629 (7.7%) 0.00 57
2020-12-01 $250,000 (18.5%) $278,799 (10.8%) 0.00 53
2021-01-01 $245,000 (3.1%) $272,620 (4.8%) 0.00 43
2021-02-01 $258,225 (-3.0%) $295,072 (8.8%) 0.00 29
2021-03-01 $271,750 (-1.0%) $280,033 (-0.1%) 0.00 39
2021-04-01 $271,750 (-2.1%) $273,989 (-5.4%) 0.00 37
2021-05-01 $274,000 (6.3%) $281,696 (2.7%) 0.00 34
2021-06-01 $286,000 (5.5%) $298,496 (4.5%) 0.00 39
2021-07-01 $286,000 (-0.6%) $300,457 (1.7%) 0.00 45
2021-08-01 $278,750 (-0.3%) $282,079 (-3.8%) 0.00 43
2021-09-01 $232,350 (-11.7%) $259,180 (-4.1%) 0.00 41
2021-10-01 $235,000 (-12.9%) $254,051 (-9.0%) 0.00 51
2021-11-01 $252,450 (0.5%) $274,586 (-1.1%) 0.00 61
2021-12-01 $279,700 (11.9%) $295,335 (5.9%) 0.00 56
2022-01-01 $264,900 (8.1%) $284,744 (4.5%) 0.00 51
2022-02-01 $265,000 (2.6%) $289,301 (-2.0%) 0.00 42
2022-03-01 $264,900 (-2.5%) $294,879 (5.3%) 0.00 40
2022-04-01 $309,000 (13.7%) $335,009 (22.3%) 0.00 44
2022-05-01 $285,000 (4.0%) $327,309 (16.2%) 0.00 60
2022-06-01 $285,000 (-0.4%) $320,613 (7.4%) 0.00 66
2022-07-01 $291,000 (1.8%) $351,686 (17.1%) 0.00 67
2022-08-01 $285,000 (2.2%) $328,692 (16.5%) 0.00 71
2022-09-01 $304,450 (31.0%) $337,041 (30.0%) 0.00 80
2022-10-01 $296,500 (26.2%) $325,469 (28.1%) 0.00 75
2022-11-01 $295,950 (17.2%) $334,193 (21.7%) 0.00 63
2022-12-01 $285,000 (1.9%) $315,886 (7.0%) 0.00 67
2023-01-01 $285,000 (7.6%) $316,330 (11.1%) 0.00 67
2023-02-01 $285,000 (7.6%) $324,100 (12.0%) 0.00 63
2023-03-01 $299,000 (12.9%) $325,152 (10.3%) 0.00 59
2023-04-01 $272,500 (-11.8%) $322,368 (-3.8%) 0.00 70
2023-05-01 $280,950 (-1.4%) $329,181 (0.6%) 0.00 60
2023-06-01 $315,000 (10.5%) $369,857 (15.4%) 0.00 60
2023-07-01 $307,000 (5.5%) $356,870 (1.5%) 0.00 59
2023-08-01 $318,700 (11.8%) $352,952 (7.4%) 0.00 75
2023-09-01 $301,500 (-1.0%) $347,264 (3.0%) 0.00 75
2023-10-01 $314,725 (6.2%) $346,856 (6.6%) 0.00 81
2023-11-01 $319,450 (7.9%) $343,443 (2.8%) 0.00 76
2023-12-01 $330,950 (16.1%) $339,962 (7.6%) 0.00 74
2024-01-01 $299,725 (5.2%) $322,737 (2.0%) 0.00 76
2024-02-01 $284,925 (0.0%) $315,045 (-2.8%) 0.00 73
2024-03-01 $289,900 (-3.0%) $315,156 (-3.1%) 0.00 77
2024-04-01 $285,000 (4.6%) $313,117 (-2.9%) 0.00 74
2024-05-01 $306,125 (9.0%) $335,786 (2.0%) 0.00 74
2024-06-01 $310,000 (-1.6%) $360,423 (-2.6%) 0.00 63
2024-07-01 $339,500 (10.6%) $378,556 (6.1%) 0.00 65
2024-08-01 $337,000 (5.7%) $367,709 (4.2%) 0.00 64
2024-09-01 $344,750 (14.3%) $390,506 (12.5%) 0.00 67
Columbus's median listing price for 2024-09-01 was $344,750, a difference of $43,250 (14.3%) versus the prior year and $7,750 versus the prior month.

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

Columbus's average listing price for 2024-09-01 was $390,506, a difference of $43,242 (12.5%) versus the prior year and $22,797 versus the prior month.

For the 2024-09-01 period, Columbus had 67 MLS listings, a difference of 3 listings (5%) versus the prior month and -8 listings (-11%) 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 1,544 sqft
2018-02-01 0 days 1,514 sqft
2018-03-01 0 days 1,437 sqft
2018-04-01 0 days 1,481 sqft
2018-05-01 0 days 1,517 sqft
2018-06-01 0 days 1,544 sqft
2018-07-01 0 days 1,536 sqft
2018-08-01 0 days 1,520 sqft
2018-09-01 0 days 1,532 sqft
2018-10-01 0 days 1,751 sqft
2018-11-01 0 days 1,652 sqft
2018-12-01 0 days 1,643 sqft
2019-01-01 0 days 1,725 sqft
2019-02-01 0 days 1,694 sqft
2019-03-01 0 days 1,676 sqft
2019-04-01 0 days 1,682 sqft
2019-05-01 0 days 1,717 sqft
2019-06-01 0 days 1,730 sqft
2019-07-01 0 days 1,744 sqft
2019-08-01 0 days 1,740 sqft
2019-09-01 0 days 1,678 sqft
2019-10-01 0 days 1,611 sqft
2019-11-01 0 days 1,710 sqft
2019-12-01 0 days 1,714 sqft
2020-01-01 0 days 1,724 sqft
2020-02-01 0 days 1,728 sqft
2020-03-01 0 days 1,673 sqft
2020-04-01 0 days 1,771 sqft
2020-05-01 0 days 1,769 sqft
2020-06-01 0 days 1,769 sqft
2020-07-01 0 days 1,861 sqft
2020-08-01 0 days 1,861 sqft
2020-09-01 0 days 1,752 sqft
2020-10-01 0 days 1,633 sqft
2020-11-01 0 days 1,651 sqft
2020-12-01 0 days 1,650 sqft
2021-01-01 0 days 1,667 sqft
2021-02-01 0 days 1,613 sqft
2021-03-01 0 days 1,626 sqft
2021-04-01 0 days 1,624 sqft
2021-05-01 0 days 1,456 sqft
2021-06-01 0 days 1,595 sqft
2021-07-01 0 days 1,587 sqft
2021-08-01 0 days 1,456 sqft
2021-09-01 0 days 1,383 sqft
2021-10-01 0 days 1,440 sqft
2021-11-01 0 days 1,460 sqft
2021-12-01 0 days 1,518 sqft
2022-01-01 0 days 1,456 sqft
2022-02-01 0 days 1,456 sqft
2022-03-01 0 days 1,460 sqft
2022-04-01 0 days 1,603 sqft
2022-05-01 0 days 1,558 sqft
2022-06-01 0 days 1,536 sqft
2022-07-01 0 days 1,600 sqft
2022-08-01 0 days 1,547 sqft
2022-09-01 0 days 1,479 sqft
2022-10-01 0 days 1,476 sqft
2022-11-01 0 days 1,550 sqft
2022-12-01 0 days 1,452 sqft
2023-01-01 0 days 1,446 sqft
2023-02-01 0 days 1,431 sqft
2023-03-01 0 days 1,443 sqft
2023-04-01 0 days 1,446 sqft
2023-05-01 0 days 1,511 sqft
2023-06-01 0 days 1,549 sqft
2023-07-01 0 days 1,539 sqft
2023-08-01 0 days 1,531 sqft
2023-09-01 0 days 1,499 sqft
2023-10-01 0 days 1,555 sqft
2023-11-01 0 days 1,505 sqft
2023-12-01 0 days 1,536 sqft
2024-01-01 0 days 1,500 sqft
2024-02-01 0 days 1,427 sqft
2024-03-01 0 days 1,492 sqft
2024-04-01 0 days 1,464 sqft
2024-05-01 0 days 1,423 sqft
2024-06-01 0 days 1,481 sqft
2024-07-01 0 days 1,590 sqft
2024-08-01 0 days 1,632 sqft
2024-09-01 0 days 1,567 sqft
Columbus's median listing age (time on market) for 2024-09-01 was 0 days.

Columbus's median square footage for active listings during the 2024-09-01 period was 1,567 sqft. One year prior, the average listing was 1,499 sqft.