Columbus USDA Loan Rates, Closing Costs & Stats

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 25 lenders originated 98 USDA loans during 2024. The total origination value was $26,090,000, with an average USDA loan value of $266,224.

    Columbus USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Columbus averaged -0.04% for the week of 2025-07-04, compared to the national average (all USDA variants) of 0% for the same period.

    Columbus's average USDA mortgage closing costs are $5,623.

    The average rate for the prior week (2025-06-27) was 6.6% and one month ago for the week of 2025-05-30, the average rate was 6.68%.

    The average rate one year ago was 6.68%.

    For refis of the same type during the week of 2025-07-04, the average rate was -0.09%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    CROSSCOUNTRY MORTGAGE, LLC 18 6.62% $7,858
    UNION HOME MORTGAGE CORP. 15 6.64% $7,992
    NEWREZ LLC 11 6.48% $8,390
    EQUITY RESOURCES, INC. 8 6.59% $6,366
    POLARIS HOME FUNDING CORP. 5 6.35% $7,940
    J. VIRGIL, INC. 4 6.53% $6,458
    RUOFF MORTGAGE COMPANY, INC. 3 5.75% $5,384
    LIBERTY HOME MORTGAGE CORPORATION 3 6.75% $7,166
    NFM, INC. 3 7.13% $13,539
    CHURCHILL MORTGAGE CORPORATION 2 6.94% $6,541
    The Huntington National Bank 2 6.63% $5,851
    Paramount Residential Mortgage Group, Inc. 2 7.00% $5,034
    T2 FINANCIAL LLC 2 6.25% $9,082
    DAS Acquisition Company, LLC 2 6.81% $7,190
    Union Savings Bank 2 6.00% $5,295
    GUARANTEED RATE, INC. 2 6.39% $7,149
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.25% $13,090
    DIRECT MORTGAGE LOANS, LLC 1 5.63% $7,897
    FIRST COMMUNITY MORTGAGE, INC. 1 5.25% $13,375
    Flagstar Bank, FSB 1 6.75% $6,504
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.00% $8,405
    RAPID MORTGAGE COMPANY 1 6.38% $8,715
    THE EQUITABLE MORTGAGE CORPORATION 1 5.88% $6,941
    UNION CAPITAL MORTGAGE CORPORATION 1 5.88% $9,272
    Carrington Mortgage Services, LLC 1 7.13% $5,109

    The top Columbus USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 18 USDA loans originated. Their average total fees are $7,858, which is $134 lower than the next largest lender, UNION HOME MORTGAGE CORP..

    The lowest fee Columbus USDA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC ($7,858), UNION HOME MORTGAGE CORP. ($7,992), NEWREZ LLC ($8,390), .

    The lowest rate Columbus USDA lenders (with over 10 loans originated) are NEWREZ LLC (6.48%), CROSSCOUNTRY MORTGAGE, LLC (6.62%), UNION HOME MORTGAGE CORP. (6.64%), .