Columbus USDA Loans

COLUMBUS, OH

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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 69 lenders originated 378 USDA loans during 2021. The total origination value was $70,620,000, with an average USDA loan value of $186,825.

    Columbus USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Columbus averaged 5.44% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

    The average rate for the prior week (2022-05-13) was 5.53% and one month ago for the week of 2022-04-15, the average rate was 5.13%.

    The average rate one year ago was 2.97%.

    For refis of the same type during the week of 2022-05-20, the average rate was 5.35%.

    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
    UNION HOME MORTGAGE CORP. 60 2.88% $5,569
    LENDUS, LLC 32 3.10% $6,170
    CALIBER HOME LOANS, INC. 28 3.00% $5,386
    J. VIRGIL, INC. 23 3.20% $6,796
    PRIMARY RESIDENTIAL MORTGAGE, INC. 22 2.77% $5,914
    EQUITY RESOURCES, INC. 18 2.74% $4,578
    CROSSCOUNTRY MORTGAGE, LLC 17 3.09% $4,111
    POLARIS HOME FUNDING CORP. 12 3.26% $4,792
    RUOFF MORTGAGE COMPANY, INC. 11 3.23% $4,629
    T2 FINANCIAL LLC 11 3.11% $6,383
    RAPID MORTGAGE COMPANY 8 3.64% $5,962
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 3.28% $5,276
    PRIORITY MORTGAGE CORP. 7 2.59% $5,668
    HOME POINT FINANCIAL CORPORATION 7 3.05% $4,409
    Flagstar Bank, FSB 5 2.50% $4,294
    Hometown Equity Mortgage, LLC 5 3.13% $4,435
    MOVEMENT MORTGAGE, LLC 5 2.80% $5,579
    NFM, INC. 4 3.34% $6,630
    HOMESIDE FINANCIAL, LLC 4 3.06% $6,896
    The Huntington National Bank 3 2.83% $5,448
    The Union Bank Company 3 2.58% $4,667
    CME Federal Credit Union 3 2.83% $5,157
    Hometown Lenders, Inc. 3 3.54% $5,526
    Carrington Mortgage Services, LLC 3 3.67% $6,529
    LIBERTY HOME MORTGAGE CORPORATION 3 3.04% $7,055
    PLAZA HOME MORTGAGE, INC. 3 2.46% $5,032
    THE EQUITABLE MORTGAGE CORPORATION 3 2.71% $4,963
    Evolve Bank & Trust 2 2.81% $4,246
    NTFN, INC. 2 2.94% $4,792
    First Commonwealth Bank 2 3.19% $4,194
    OCEANSIDE MORTGAGE COMPANY 2 3.00% $1,257
    Paramount Residential Mortgage Group, Inc. 2 3.50% $7,924
    PNC Bank 2 2.81% $4,861
    AMERICAN MORTGAGE SERVICE COMPANY 2 2.50% $5,417
    SIWELL, INC. 2 3.94% $4,685
    Union Savings Bank 2 2.75% $4,488
    Equity Prime Mortgage LLC 2 3.50% $7,129
    SIGNATURE MORTGAGE CORPORATION 2 3.13% $5,696
    The Park National Bank 2 3.13% $5,476
    AmRes Corporation 2 3.50% $6,975
    Western Ohio Mortgage Corporation 1 2.75% $5,543
    AMERICAN FINANCIAL NETWORK, INC. 1 3.63% $7,373
    Bank of England 1 2.88% $5,581
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 4.00% $7,909
    DAS Acquisition Company, LLC 1 2.75% $5,615
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 3.50% $4,635
    FBC MORTGAGE, LLC 1 3.13% $6,737
    Fifth Third Bank 1 2.75% $4,364
    FIRST COMMUNITY MORTGAGE, INC. 1 2.63% $4,268
    First Financial Bank 1 3.25% $5,680
    First Merchants Bank 1 3.25% $4,718
    GUARANTEED RATE, INC. 1 3.13% $5,099
    HALLMARK HOME MORTGAGE, LLC 1 3.00% $4,767
    MID AMERICA MORTGAGE, INC. 1 2.25% $2,377
    PARTNERS UNITED FINANCIAL, LLC 1 3.25% $7,524
    PENNYMAC LOAN SERVICES, LLC 1 3.49% $5,998
    Plains Commerce Bank 1 2.75% $3,188
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.75% $7,213
    PULTE MORTGAGE LLC 1 3.25% $8,482
    Renasant Bank 1 2.50% $4,112
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 2.75% $7,341
    The Merchants National Bank 1 2.88% $3,710
    TOP FLITE FINANCIAL, INC. 1 2.88% $10,585
    UNITED MORTGAGE CORP. 1 2.88% $4,824
    UNITED WHOLESALE MORTGAGE, LLC 1 3.00% $4,500
    U.S. Bank 1 3.25% $4,139
    Wells Fargo Bank 1 2.88% $2,481
    WesBanco Bank, Inc. 1 2.75% $4,382
    1ST SIGNATURE LENDING, LLC 1 2.38% $5,946

    The top Columbus USDA lender as defined by loan originations is UNION HOME MORTGAGE CORP., with 60 USDA loans originated. Their average total fees are $5,569, which is $602 lower than the next largest lender, LENDUS, LLC.

    The lowest fee Columbus USDA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC ($4,111), EQUITY RESOURCES, INC. ($4,578), RUOFF MORTGAGE COMPANY, INC. ($4,629), POLARIS HOME FUNDING CORP. ($4,792) and CALIBER HOME LOANS, INC. ($5,386).

    The lowest rate Columbus USDA lenders (with over 10 loans originated) are EQUITY RESOURCES, INC. (2.74%), PRIMARY RESIDENTIAL MORTGAGE, INC. (2.77%), UNION HOME MORTGAGE CORP. (2.88%), CALIBER HOME LOANS, INC. (3.00%) and CROSSCOUNTRY MORTGAGE, LLC (3.09%).