Columbus USDA Loan Rates, Closing Costs & Stats
COLUMBUS, OH
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 50 lenders originated 189 USDA loans during 2022. The total origination value was $34,135,000, with an average USDA loan value of $180,608.
Columbus USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Columbus
averaged
-0.14%
for the week of 2023-11-24, compared to the national average (all USDA variants) of
0% for the same period.
Columbus's average USDA mortgage closing costs are $5,398.
The average rate for the prior week (2023-11-17) was
6.76% and
one month ago for the week of 2023-10-20, the
average rate was 6.97%.
The average rate one year ago was 6.31%.
For refis of the same type during the week of 2023-11-24, the average rate
was -1.47%.
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.
The top Columbus USDA lender as defined by loan originations is J. VIRGIL, INC., with
26 USDA loans originated. Their average total fees are
$7,450, which is $1,688
higher than the next largest lender,
UNION HOME MORTGAGE CORP..
The lowest fee Columbus USDA lenders (with over 10 loans originated) are
UNION HOME MORTGAGE CORP. ($5,763), CROSSCOUNTRY MORTGAGE, LLC ($6,676), PRIMARY RESIDENTIAL MORTGAGE, INC. ($7,267), J. VIRGIL, INC. ($7,450) and .
The lowest rate Columbus USDA lenders (with over 10 loans originated) are
PRIMARY RESIDENTIAL MORTGAGE, INC. (4.40%), J. VIRGIL, INC. (5.29%), UNION HOME MORTGAGE CORP. (5.36%), CROSSCOUNTRY MORTGAGE, LLC (5.57%) and .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Columbus (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $254,450 (29.5%) | $339,283 (14.0%) | 0.94 | 3,075 |
2018-02-01 | $276,445 (34.9%) | $361,458 (17.4%) | 1.00 | 2,800 |
2018-03-01 | $280,000 (20.7%) | $362,210 (10.1%) | 0.98 | 2,841 |
2018-04-01 | $292,450 (17.5%) | $368,446 (7.8%) | 0.99 | 3,043 |
2018-05-01 | $299,900 (14.9%) | $377,689 (7.7%) | 1.00 | 3,441 |
2018-06-01 | $299,900 (14.0%) | $376,350 (6.5%) | 1.00 | 3,844 |
2018-07-01 | $299,800 (15.4%) | $374,633 (7.9%) | 1.00 | 4,240 |
2018-08-01 | $284,850 (9.8%) | $359,166 (4.5%) | 0.95 | 4,625 |
2018-09-01 | $274,800 (9.9%) | $351,521 (6.1%) | 0.92 | 4,753 |
2018-10-01 | $266,450 (6.7%) | $345,100 (5.9%) | 0.90 | 4,805 |
2018-11-01 | $261,200 (5.4%) | $339,966 (3.9%) | 0.89 | 4,598 |
2018-12-01 | $254,900 (4.1%) | $335,781 (2.3%) | 0.88 | 3,979 |
2019-01-01 | $254,915 (0.2%) | $337,146 (-0.6%) | 0.88 | 3,382 |
2019-02-01 | $268,950 (-2.7%) | $350,324 (-3.1%) | 0.91 | 3,140 |
2019-03-01 | $285,671 (2.0%) | $369,940 (2.1%) | 0.93 | 3,138 |
2019-04-01 | $302,445 (3.4%) | $385,380 (4.6%) | 0.96 | 3,243 |
2019-05-01 | $309,900 (3.3%) | $391,558 (3.7%) | 0.97 | 3,498 |
2019-06-01 | $324,500 (8.2%) | $398,261 (5.8%) | 1.01 | 3,673 |
2019-07-01 | $320,950 (7.1%) | $390,629 (4.3%) | 1.00 | 4,084 |
2019-08-01 | $305,355 (7.2%) | $375,954 (4.7%) | 0.97 | 4,267 |
2019-09-01 | $291,036 (5.9%) | $362,397 (3.1%) | 0.93 | 4,385 |
2019-10-01 | $279,900 (5.1%) | $351,277 (1.8%) | 0.90 | 4,463 |
2019-11-01 | $275,000 (5.3%) | $344,861 (1.4%) | 0.90 | 4,158 |
2019-12-01 | $274,888 (7.8%) | $343,176 (2.2%) | 0.92 | 3,557 |
2020-01-01 | $277,520 (8.9%) | $345,413 (2.5%) | 0.93 | 3,061 |
2020-02-01 | $294,625 (9.6%) | $361,260 (3.1%) | 0.97 | 2,577 |
2020-03-01 | $299,998 (5.0%) | $376,994 (1.9%) | 0.94 | 2,659 |
2020-04-01 | $309,450 (2.3%) | $379,085 (-1.6%) | 0.97 | 2,720 |
2020-05-01 | $323,950 (4.5%) | $392,046 (0.1%) | 0.98 | 2,620 |
2020-06-01 | $332,400 (2.4%) | $406,467 (2.1%) | 0.98 | 2,472 |
2020-07-01 | $329,700 (2.7%) | $413,812 (5.9%) | 0.96 | 2,344 |
2020-08-01 | $314,900 (3.1%) | $397,302 (5.7%) | 0.90 | 2,309 |
2020-09-01 | $300,164 (3.1%) | $388,358 (7.2%) | 0.86 | 2,363 |
2020-10-01 | $304,505 (8.8%) | $385,943 (9.9%) | 0.87 | 2,366 |
2020-11-01 | $307,225 (11.7%) | $377,914 (9.6%) | 0.90 | 2,222 |
2020-12-01 | $307,450 (11.9%) | $375,073 (9.3%) | 0.92 | 1,853 |
2021-01-01 | $299,900 (8.1%) | $379,199 (9.8%) | 0.90 | 1,532 |
2021-02-01 | $307,444 (4.4%) | $394,703 (9.3%) | 0.90 | 1,229 |
2021-03-01 | $316,825 (5.6%) | $402,179 (6.7%) | 0.90 | 1,279 |
2021-04-01 | $310,782 (0.4%) | $401,018 (5.8%) | 0.84 | 1,443 |
2021-05-01 | $314,617 (-2.9%) | $397,943 (1.5%) | 0.84 | 1,608 |
2021-06-01 | $300,000 (-9.8%) | $393,956 (-3.1%) | 0.79 | 1,858 |
2021-07-01 | $309,000 (-6.3%) | $384,445 (-7.1%) | 0.82 | 2,228 |
2021-08-01 | $299,900 (-4.8%) | $377,360 (-5.0%) | 0.80 | 2,409 |
2021-09-01 | $289,850 (-3.4%) | $371,116 (-4.4%) | 0.77 | 2,367 |
2021-10-01 | $292,500 (-3.9%) | $376,094 (-2.6%) | 0.78 | 2,296 |
2021-11-01 | $289,815 (-5.7%) | $375,282 (-0.7%) | 0.77 | 1,993 |
2021-12-01 | $289,900 (-5.7%) | $385,940 (2.9%) | 0.79 | 1,602 |
2022-01-01 | $299,900 (0.0%) | $396,775 (4.6%) | 0.81 | 1,345 |
2022-02-01 | $325,000 (5.7%) | $413,542 (4.8%) | 0.85 | 1,169 |
2022-03-01 | $334,900 (5.7%) | $414,162 (3.0%) | 0.84 | 1,264 |
2022-04-01 | $329,900 (6.2%) | $417,289 (4.1%) | 0.79 | 1,432 |
2022-05-01 | $349,125 (11.0%) | $440,906 (10.8%) | 0.80 | 1,725 |
2022-06-01 | $349,950 (16.7%) | $447,505 (13.6%) | 0.78 | 2,060 |
2022-07-01 | $347,000 (12.3%) | $436,451 (13.5%) | 0.78 | 2,565 |
2022-08-01 | $336,995 (12.4%) | $428,344 (13.5%) | 0.78 | 2,663 |
2022-09-01 | $338,750 (16.9%) | $429,981 (15.9%) | 0.79 | 2,611 |
2022-10-01 | $339,900 (16.2%) | $427,505 (13.7%) | 0.80 | 2,793 |
2022-11-01 | $334,675 (15.5%) | $428,232 (14.1%) | 0.80 | 2,733 |
2022-12-01 | $330,000 (13.8%) | $436,782 (13.2%) | 0.81 | 2,246 |
2023-01-01 | $347,900 (16.0%) | $453,357 (14.3%) | 0.86 | 1,898 |
2023-02-01 | $359,950 (10.8%) | $483,851 (17.0%) | 0.87 | 1,622 |
2023-03-01 | $376,874 (12.5%) | $501,285 (21.0%) | 0.89 | 1,604 |
2023-04-01 | $385,900 (17.0%) | $506,205 (21.3%) | 0.90 | 1,723 |
2023-05-01 | $393,950 (12.8%) | $504,786 (14.5%) | 0.89 | 1,851 |
2023-06-01 | $399,450 (14.1%) | $520,101 (16.2%) | 0.90 | 2,034 |
2023-07-01 | $399,000 (15.0%) | $526,476 (20.6%) | 0.91 | 2,266 |
2023-08-01 | $386,250 (14.6%) | $516,229 (20.5%) | 0.89 | 2,409 |
2023-09-01 | $379,900 (12.2%) | $506,827 (17.9%) | 0.88 | 2,513 |
2023-10-01 | $366,706 (7.9%) | $496,911 (16.2%) | 0.86 | 2,710 |
Columbus's median listing price comes in at 86% of the national average.
Columbus's average listing price for 2023-10-01 was $496,911, a difference of $69,406 (16.2%) versus the prior year and $-9,916 versus the prior month.
For the 2023-10-01 period, Columbus had 2,710 MLS listings, a difference of 197 listings (8%) versus the prior month and -83 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. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 76 days | 1,933 sqft |
2018-02-01 | 66 days | 2,045 sqft |
2018-03-01 | 37 days | 2,052 sqft |
2018-04-01 | 33 days | 2,090 sqft |
2018-05-01 | 31 days | 2,151 sqft |
2018-06-01 | 31 days | 2,152 sqft |
2018-07-01 | 37 days | 2,147 sqft |
2018-08-01 | 36 days | 2,065 sqft |
2018-09-01 | 43 days | 2,016 sqft |
2018-10-01 | 50 days | 1,977 sqft |
2018-11-01 | 51 days | 1,954 sqft |
2018-12-01 | 62 days | 1,904 sqft |
2019-01-01 | 72 days | 1,897 sqft |
2019-02-01 | 64 days | 1,944 sqft |
2019-03-01 | 44 days | 2,008 sqft |
2019-04-01 | 33 days | 2,068 sqft |
2019-05-01 | 32 days | 2,096 sqft |
2019-06-01 | 33 days | 2,133 sqft |
2019-07-01 | 37 days | 2,137 sqft |
2019-08-01 | 38 days | 2,083 sqft |
2019-09-01 | 40 days | 2,016 sqft |
2019-10-01 | 43 days | 1,962 sqft |
2019-11-01 | 50 days | 1,935 sqft |
2019-12-01 | 63 days | 1,907 sqft |
2020-01-01 | 68 days | 1,922 sqft |
2020-02-01 | 45 days | 1,959 sqft |
2020-03-01 | 37 days | 1,998 sqft |
2020-04-01 | 39 days | 1,998 sqft |
2020-05-01 | 46 days | 2,030 sqft |
2020-06-01 | 38 days | 2,053 sqft |
2020-07-01 | 32 days | 2,015 sqft |
2020-08-01 | 29 days | 1,964 sqft |
2020-09-01 | 26 days | 1,869 sqft |
2020-10-01 | 30 days | 1,856 sqft |
2020-11-01 | 36 days | 1,822 sqft |
2020-12-01 | 44 days | 1,789 sqft |
2021-01-01 | 44 days | 1,776 sqft |
2021-02-01 | 29 days | 1,774 sqft |
2021-03-01 | 20 days | 1,798 sqft |
2021-04-01 | 12 days | 1,797 sqft |
2021-05-01 | 10 days | 1,803 sqft |
2021-06-01 | 12 days | 1,768 sqft |
2021-07-01 | 16 days | 1,776 sqft |
2021-08-01 | 19 days | 1,726 sqft |
2021-09-01 | 24 days | 1,674 sqft |
2021-10-01 | 28 days | 1,670 sqft |
2021-11-01 | 32 days | 1,660 sqft |
2021-12-01 | 39 days | 1,628 sqft |
2022-01-01 | 38 days | 1,620 sqft |
2022-02-01 | 25 days | 1,696 sqft |
2022-03-01 | 15 days | 1,715 sqft |
2022-04-01 | 10 days | 1,727 sqft |
2022-05-01 | 12 days | 1,792 sqft |
2022-06-01 | 16 days | 1,809 sqft |
2022-07-01 | 21 days | 1,800 sqft |
2022-08-01 | 27 days | 1,785 sqft |
2022-09-01 | 31 days | 1,791 sqft |
2022-10-01 | 30 days | 1,796 sqft |
2022-11-01 | 37 days | 1,774 sqft |
2022-12-01 | 50 days | 1,752 sqft |
2023-01-01 | 55 days | 1,786 sqft |
2023-02-01 | 39 days | 1,814 sqft |
2023-03-01 | 30 days | 1,837 sqft |
2023-04-01 | 23 days | 1,886 sqft |
2023-05-01 | 22 days | 1,918 sqft |
2023-06-01 | 23 days | 1,930 sqft |
2023-07-01 | 25 days | 1,930 sqft |
2023-08-01 | 26 days | 1,879 sqft |
2023-09-01 | 30 days | 1,837 sqft |
2023-10-01 | 31 days | 1,823 sqft |
Columbus's median square footage for active listings during the 2023-10-01 period was 1,823 sqft. One year prior, the average listing was 1,796 sqft.