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 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 6.37% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

    Columbus's average USDA mortgage closing costs are $5,243.

    The average rate for the prior week (2022-11-25) was 6.6% and one month ago for the week of 2022-10-28, the average rate was 6.87%.

    The average rate one year ago was 3.37%.

    For refis of the same type during the week of 2022-12-02, the average rate was 6.27%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    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%).

    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 $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%) $337,189 (-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%) $369,906 (2.1%) 0.93 3,145
    2019-04-01 $301,340 (3.0%) $385,251 (4.6%) 0.96 3,259
    2019-05-01 $307,500 (2.5%) $390,953 (3.5%) 0.96 3,521
    2019-06-01 $321,417 (7.2%) $397,128 (5.5%) 1.00 3,698
    2019-07-01 $319,900 (6.7%) $389,614 (4.0%) 1.00 4,107
    2019-08-01 $301,791 (6.0%) $375,028 (4.4%) 0.96 4,292
    2019-09-01 $289,477 (5.3%) $361,589 (2.9%) 0.93 4,409
    2019-10-01 $279,450 (4.9%) $350,566 (1.6%) 0.90 4,488
    2019-11-01 $274,900 (5.3%) $344,140 (1.2%) 0.90 4,183
    2019-12-01 $273,900 (7.5%) $342,421 (2.0%) 0.91 3,581
    2020-01-01 $277,450 (8.8%) $344,440 (2.2%) 0.93 3,086
    2020-02-01 $293,250 (9.0%) $359,941 (2.7%) 0.96 2,602
    2020-03-01 $299,900 (5.0%) $375,705 (1.6%) 0.94 2,685
    2020-04-01 $308,600 (2.4%) $377,955 (-1.9%) 0.97 2,746
    2020-05-01 $319,900 (4.0%) $390,466 (-0.1%) 0.97 2,646
    2020-06-01 $329,803 (2.6%) $404,627 (1.9%) 0.97 2,500
    2020-07-01 $327,250 (2.3%) $411,962 (5.7%) 0.95 2,371
    2020-08-01 $314,631 (4.3%) $395,552 (5.5%) 0.90 2,335
    2020-09-01 $299,900 (3.6%) $386,659 (6.9%) 0.86 2,389
    2020-10-01 $300,000 (7.4%) $384,279 (9.6%) 0.86 2,392
    2020-11-01 $302,500 (10.0%) $376,152 (9.3%) 0.88 2,248
    2020-12-01 $304,900 (11.3%) $373,055 (9.0%) 0.91 1,879
    2021-01-01 $299,250 (7.9%) $376,507 (9.3%) 0.89 1,559
    2021-02-01 $303,404 (3.5%) $391,806 (8.9%) 0.88 1,256
    2021-03-01 $312,400 (4.2%) $399,187 (6.3%) 0.89 1,306
    2021-04-01 $307,200 (-0.5%) $398,405 (5.4%) 0.83 1,470
    2021-05-01 $309,900 (-3.1%) $395,509 (1.3%) 0.82 1,635
    2021-06-01 $299,950 (-9.1%) $391,975 (-3.1%) 0.79 1,885
    2021-07-01 $300,000 (-8.3%) $383,104 (-7.0%) 0.79 2,253
    2021-08-01 $299,900 (-4.7%) $376,138 (-4.9%) 0.80 2,434
    2021-09-01 $289,450 (-3.5%) $369,884 (-4.3%) 0.77 2,393
    2021-10-01 $289,999 (-3.3%) $374,676 (-2.5%) 0.77 2,320
    2021-11-01 $289,422 (-4.3%) $373,866 (-0.6%) 0.77 2,018
    2021-12-01 $289,835 (-4.9%) $383,852 (2.9%) 0.79 1,628
    2022-01-01 $299,900 (0.2%) $394,006 (4.7%) 0.81 1,372
    2022-02-01 $320,000 (5.5%) $409,872 (4.6%) 0.83 1,196
    2022-03-01 $329,028 (5.3%) $410,880 (2.9%) 0.82 1,291
    2022-04-01 $325,000 (5.8%) $413,920 (3.9%) 0.78 1,459
    2022-05-01 $343,770 (10.9%) $438,072 (10.8%) 0.79 1,751
    2022-06-01 $349,900 (16.7%) $444,897 (13.5%) 0.78 2,087
    2022-07-01 $345,000 (15.0%) $434,503 (13.4%) 0.78 2,592
    2022-08-01 $333,000 (11.0%) $426,567 (13.4%) 0.77 2,693
    2022-09-01 $337,400 (16.6%) $428,104 (15.7%) 0.79 2,642
    2022-10-01 $338,900 (16.9%) $425,831 (13.7%) 0.80 2,824
    2022-11-01 $330,000 (14.0%) $426,553 (14.1%) 0.79 2,762
    Columbus's median listing price for 2022-11-01 was $330,000, a difference of $40,578 (14.0%) versus the prior year and $-8,900 versus the prior month.

    Columbus's median listing price comes in at 79% of the national average.

    Columbus's average listing price for 2022-11-01 was $426,553, a difference of $52,687 (14.1%) versus the prior year and $722 versus the prior month.

    For the 2022-11-01 period, Columbus had 2,762 MLS listings, a difference of -62 listings (-2%) versus the prior month and 744 listings (37%) 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 80 days 1,932 sqft
    2018-02-01 72 days 2,044 sqft
    2018-03-01 42 days 2,052 sqft
    2018-04-01 36 days 2,090 sqft
    2018-05-01 33 days 2,150 sqft
    2018-06-01 33 days 2,151 sqft
    2018-07-01 39 days 2,147 sqft
    2018-08-01 37 days 2,065 sqft
    2018-09-01 44 days 2,016 sqft
    2018-10-01 51 days 1,977 sqft
    2018-11-01 53 days 1,955 sqft
    2018-12-01 64 days 1,904 sqft
    2019-01-01 74 days 1,897 sqft
    2019-02-01 68 days 1,944 sqft
    2019-03-01 48 days 2,008 sqft
    2019-04-01 35 days 2,067 sqft
    2019-05-01 33 days 2,093 sqft
    2019-06-01 36 days 2,129 sqft
    2019-07-01 39 days 2,133 sqft
    2019-08-01 40 days 2,078 sqft
    2019-09-01 42 days 2,013 sqft
    2019-10-01 44 days 1,961 sqft
    2019-11-01 52 days 1,933 sqft
    2019-12-01 66 days 1,905 sqft
    2020-01-01 72 days 1,920 sqft
    2020-02-01 54 days 1,954 sqft
    2020-03-01 39 days 1,994 sqft
    2020-04-01 42 days 1,994 sqft
    2020-05-01 50 days 2,029 sqft
    2020-06-01 41 days 2,050 sqft
    2020-07-01 35 days 2,012 sqft
    2020-08-01 31 days 1,961 sqft
    2020-09-01 30 days 1,867 sqft
    2020-10-01 31 days 1,856 sqft
    2020-11-01 38 days 1,820 sqft
    2020-12-01 46 days 1,787 sqft
    2021-01-01 49 days 1,772 sqft
    2021-02-01 32 days 1,771 sqft
    2021-03-01 22 days 1,798 sqft
    2021-04-01 14 days 1,796 sqft
    2021-05-01 11 days 1,803 sqft
    2021-06-01 14 days 1,764 sqft
    2021-07-01 16 days 1,772 sqft
    2021-08-01 20 days 1,724 sqft
    2021-09-01 24 days 1,673 sqft
    2021-10-01 29 days 1,668 sqft
    2021-11-01 33 days 1,659 sqft
    2021-12-01 42 days 1,627 sqft
    2022-01-01 41 days 1,620 sqft
    2022-02-01 28 days 1,694 sqft
    2022-03-01 17 days 1,712 sqft
    2022-04-01 11 days 1,725 sqft
    2022-05-01 12 days 1,791 sqft
    2022-06-01 16 days 1,806 sqft
    2022-07-01 22 days 1,800 sqft
    2022-08-01 29 days 1,783 sqft
    2022-09-01 32 days 1,789 sqft
    2022-10-01 32 days 1,796 sqft
    2022-11-01 37 days 1,772 sqft
    Columbus's median listing age (time on market) for 2022-11-01 was 37 days. This is 14% longer than the same period one year ago.

    Columbus's median square footage for active listings during the 2022-11-01 period was 1,772 sqft. One year prior, the average listing was 1,659 sqft.