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 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 6.41% for the week of 2025-04-11, compared to the national average (all USDA variants) of 6.449% for the same period.

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

The average rate for the prior week (2025-04-04) was 6.56% and one month ago for the week of 2025-03-07, the average rate was 6.53%.

The average rate one year ago was 6.89%.

For refis of the same type during the week of 2025-04-11, the average rate was 6.66%.

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%), .


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 (29.2%) $339,307 (14.0%) 0.94 3,074
2018-02-01 $276,493 (34.9%) $361,516 (17.3%) 1.00 2,798
2018-03-01 $280,000 (20.6%) $362,243 (10.1%) 0.98 2,840
2018-04-01 $292,450 (17.5%) $368,479 (7.8%) 0.99 3,042
2018-05-01 $299,900 (14.7%) $377,721 (7.7%) 1.00 3,440
2018-06-01 $299,900 (14.0%) $376,379 (6.5%) 1.00 3,843
2018-07-01 $299,800 (15.4%) $374,670 (7.9%) 1.00 4,238
2018-08-01 $284,850 (9.8%) $359,155 (4.5%) 0.95 4,626
2018-09-01 $274,850 (9.9%) $351,564 (6.1%) 0.92 4,752
2018-10-01 $266,450 (6.7%) $345,121 (5.9%) 0.90 4,805
2018-11-01 $261,200 (5.4%) $339,998 (3.9%) 0.89 4,598
2018-12-01 $254,900 (4.1%) $335,849 (2.3%) 0.88 3,978
2019-01-01 $254,932 (0.2%) $337,226 (-0.6%) 0.88 3,381
2019-02-01 $269,200 (-2.6%) $350,415 (-3.1%) 0.91 3,139
2019-03-01 $285,671 (2.0%) $369,958 (2.1%) 0.93 3,138
2019-04-01 $302,445 (3.4%) $385,291 (4.6%) 0.96 3,244
2019-05-01 $309,900 (3.3%) $391,555 (3.7%) 0.97 3,498
2019-06-01 $324,500 (8.2%) $398,236 (5.8%) 1.01 3,672
2019-07-01 $320,950 (7.1%) $390,678 (4.3%) 1.00 4,082
2019-08-01 $305,355 (7.2%) $376,009 (4.7%) 0.97 4,265
2019-09-01 $291,036 (5.9%) $362,466 (3.1%) 0.93 4,382
2019-10-01 $279,839 (5.0%) $351,321 (1.8%) 0.90 4,460
2019-11-01 $275,000 (5.3%) $344,898 (1.4%) 0.90 4,154
2019-12-01 $274,888 (7.8%) $343,277 (2.2%) 0.92 3,554
2020-01-01 $277,953 (9.0%) $345,495 (2.5%) 0.93 3,058
2020-02-01 $294,750 (9.5%) $361,332 (3.1%) 0.96 2,576
2020-03-01 $299,999 (5.0%) $377,072 (1.9%) 0.94 2,658
2020-04-01 $309,450 (2.3%) $379,164 (-1.6%) 0.97 2,719
2020-05-01 $324,000 (4.6%) $392,132 (0.2%) 0.98 2,619
2020-06-01 $332,400 (2.4%) $406,661 (2.1%) 0.98 2,470
2020-07-01 $329,700 (2.7%) $413,967 (6.0%) 0.96 2,343
2020-08-01 $314,950 (3.1%) $397,399 (5.7%) 0.90 2,309
2020-09-01 $300,164 (3.1%) $388,405 (7.2%) 0.86 2,363
2020-10-01 $304,505 (8.8%) $385,943 (9.9%) 0.87 2,366
2020-11-01 $307,450 (11.8%) $377,953 (9.6%) 0.90 2,221
2020-12-01 $307,450 (11.9%) $375,055 (9.3%) 0.91 1,853
2021-01-01 $299,900 (7.9%) $379,178 (9.8%) 0.90 1,533
2021-02-01 $304,959 (3.5%) $394,506 (9.2%) 0.89 1,230
2021-03-01 $316,825 (5.6%) $402,053 (6.6%) 0.90 1,280
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%) $377,369 (-5.0%) 0.80 2,408
2021-09-01 $289,850 (-3.4%) $371,116 (-4.5%) 0.77 2,368
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%) $396,806 (4.7%) 0.81 1,344
2022-02-01 $325,000 (6.6%) $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 $349,000 (10.9%) $440,427 (10.7%) 0.80 1,723
2022-06-01 $349,950 (16.7%) $447,229 (13.5%) 0.78 2,059
2022-07-01 $347,000 (12.3%) $436,170 (13.5%) 0.78 2,564
2022-08-01 $336,995 (12.4%) $428,126 (13.5%) 0.78 2,665
2022-09-01 $339,350 (17.1%) $429,764 (15.8%) 0.79 2,612
2022-10-01 $339,900 (16.2%) $427,314 (13.6%) 0.80 2,796
2022-11-01 $334,900 (15.6%) $428,235 (14.1%) 0.81 2,735
2022-12-01 $330,000 (13.8%) $436,779 (13.2%) 0.81 2,248
2023-01-01 $347,900 (16.0%) $453,343 (14.3%) 0.86 1,900
2023-02-01 $359,950 (10.8%) $483,825 (17.0%) 0.87 1,623
2023-03-01 $376,874 (12.5%) $501,389 (21.1%) 0.89 1,604
2023-04-01 $386,450 (17.1%) $506,249 (21.3%) 0.90 1,722
2023-05-01 $394,200 (13.0%) $504,806 (14.6%) 0.89 1,852
2023-06-01 $399,450 (14.1%) $520,051 (16.3%) 0.90 2,033
2023-07-01 $399,000 (15.0%) $526,509 (20.7%) 0.91 2,264
2023-08-01 $386,250 (14.6%) $516,271 (20.6%) 0.89 2,407
2023-09-01 $379,900 (12.0%) $506,644 (17.9%) 0.88 2,511
2023-10-01 $366,375 (7.8%) $496,553 (16.2%) 0.86 2,707
2023-11-01 $360,000 (7.5%) $486,556 (13.6%) 0.86 2,792
2023-12-01 $359,900 (9.1%) $476,653 (9.1%) 0.88 2,442
2024-01-01 $369,950 (6.3%) $489,963 (8.1%) 0.90 2,133
2024-02-01 $376,750 (4.7%) $499,157 (3.2%) 0.91 1,981
2024-03-01 $379,900 (0.8%) $505,980 (0.9%) 0.89 1,927
2024-04-01 $396,950 (2.7%) $525,388 (3.8%) 0.92 2,118
2024-05-01 $399,900 (1.5%) $556,650 (10.3%) 0.91 2,371
2024-06-01 $399,900 (0.1%) $516,355 (-0.7%) 0.91 2,687
2024-07-01 $355,000 (-11.0%) $476,548 (-9.5%) 0.81 3,570
2024-08-01 $384,900 (-0.4%) $497,145 (-3.7%) 0.90 3,256
2024-09-01 $377,450 (-0.6%) $480,280 (-5.2%) 0.89 3,495
2024-10-01 $368,900 (0.7%) $466,219 (-6.1%) 0.87 3,604
2024-11-01 $359,900 (0.0%) $457,201 (-6.0%) 0.86 3,623
2024-12-01 $349,450 (-2.9%) $449,753 (-5.6%) 0.87 3,048
2025-01-01 $340,725 (-7.9%) $443,066 (-9.6%) 0.85 2,791
2025-02-01 $349,700 (-7.2%) $451,338 (-9.6%) 0.85 2,671
2025-03-01 $360,000 (-5.2%) $472,104 (-6.7%) 0.00 2,675
Columbus's median listing price for 2025-03-01 was $360,000, a difference of $-19,900 (-5.2%) versus the prior year and $10,300 versus the prior month.

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

Columbus's average listing price for 2025-03-01 was $472,104, a difference of $-33,876 (-6.7%) versus the prior year and $20,766 versus the prior month.

For the 2025-03-01 period, Columbus had 2,675 MLS listings, a difference of 4 listings (0%) versus the prior month and 748 listings (39%) 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 76 days 1,932 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 2,150 sqft
2018-06-01 31 days 2,150 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 1,955 sqft
2018-12-01 62 days 1,904 sqft
2019-01-01 72 days 1,899 sqft
2019-02-01 64 days 1,945 sqft
2019-03-01 44 days 2,009 sqft
2019-04-01 33 days 2,068 sqft
2019-05-01 32 days 2,097 sqft
2019-06-01 33 days 2,133 sqft
2019-07-01 37 days 2,138 sqft
2019-08-01 38 days 2,083 sqft
2019-09-01 41 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 44 days 1,960 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 2,016 sqft
2020-08-01 29 days 1,967 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 1,773 sqft
2021-03-01 20 days 1,798 sqft
2021-04-01 12 days 1,796 sqft
2021-05-01 10 days 1,803 sqft
2021-06-01 12 days 1,767 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 1,799 sqft
2022-11-01 37 days 1,774 sqft
2022-12-01 50 days 1,756 sqft
2023-01-01 55 days 1,787 sqft
2023-02-01 39 days 1,816 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 1,932 sqft
2023-07-01 25 days 1,930 sqft
2023-08-01 26 days 1,879 sqft
2023-09-01 30 days 1,838 sqft
2023-10-01 31 days 1,823 sqft
2023-11-01 38 days 1,808 sqft
2023-12-01 49 days 1,788 sqft
2024-01-01 55 days 1,776 sqft
2024-02-01 38 days 1,789 sqft
2024-03-01 29 days 1,814 sqft
2024-04-01 25 days 1,867 sqft
2024-05-01 24 days 1,873 sqft
2024-06-01 25 days 1,882 sqft
2024-07-01 35 days 1,855 sqft
2024-08-01 36 days 1,825 sqft
2024-09-01 37 days 1,775 sqft
2024-10-01 39 days 1,746 sqft
2024-11-01 46 days 1,723 sqft
2024-12-01 56 days 1,672 sqft
2025-01-01 59 days 1,656 sqft
2025-02-01 49 days 1,666 sqft
2025-03-01 0 days 1,712 sqft
Columbus's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

Columbus's median square footage for active listings during the 2025-03-01 period was 1,712 sqft. One year prior, the average listing was 1,814 sqft.