Columbus USDA Loans

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 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%).