Columbus USDA Loan Rates, Closing Costs & Stats

Columbus, NE

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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 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 6.73% for the week of 2024-04-12, compared to the national average (all USDA variants) of 6.705% for the same period.

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

    The average rate for the prior week (2024-04-05) was 6.65% and one month ago for the week of 2024-03-08, the average rate was 6.61%.

    The average rate one year ago was 6.52%.

    For refis of the same type during the week of 2024-04-12, the average rate was 6.51%.

    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
    Columbus's median listing price for 2024-03-01 was $289,900, a difference of $-9,100 (-3.0%) versus the prior year and $4,975 versus the prior month.

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

    Columbus's average listing price for 2024-03-01 was $315,156, a difference of $-9,996 (-3.1%) versus the prior year and $111 versus the prior month.

    For the 2024-03-01 period, Columbus had 77 MLS listings, a difference of 4 listings (5%) versus the prior month and 18 listings (31%) 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
    Columbus's median listing age (time on market) for 2024-03-01 was 0 days.

    Columbus's median square footage for active listings during the 2024-03-01 period was 1,492 sqft. One year prior, the average listing was 1,443 sqft.