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 32 lenders originated 117 USDA loans during 2023. The total origination value was $23,395,000, with an average USDA loan value of $199,957.

    Columbus USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Columbus averaged 6.35% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Columbus's average USDA mortgage closing costs are $5,520.

    The average rate for the prior week (2025-02-07) was 6.21% and one month ago for the week of 2025-01-10, the average rate was 6.25%.

    The average rate one year ago was 6.65%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.79%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    J. VIRGIL, INC. 17 6.95% $7,339
    UNION HOME MORTGAGE CORP. 16 6.93% $8,805
    CROSSCOUNTRY MORTGAGE, LLC 13 6.68% $7,213
    UNITED WHOLESALE MORTGAGE, LLC 5 6.31% $9,450
    NEWREZ LLC 4 6.59% $7,383
    EQUITY RESOURCES, INC. 4 6.65% $7,078
    POLARIS HOME FUNDING CORP. 4 6.34% $7,182
    GUARANTEED RATE, INC. 3 6.83% $6,507
    RUOFF MORTGAGE COMPANY, INC. 3 6.50% $5,038
    DAS Acquisition Company, LLC 3 7.25% $5,770
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.00% $6,600
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.96% $6,099
    GUARANTEED RATE AFFINITY, LLC 3 6.17% $6,828
    Paramount Residential Mortgage Group, Inc. 3 6.79% $6,413
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.88% $5,470
    Carrington Mortgage Services, LLC 2 6.13% $5,990
    GENEVA FINANCIAL, LLC 2 6.63% $9,748
    NATIONWIDE MORTGAGE BANKERS, INC. 2 6.88% $6,260
    NFM, INC. 2 6.88% $10,259
    The Union Bank Company 2 6.56% $7,335
    Hometown Equity Mortgage, LLC 1 6.88% $10,847
    BAYSHORE MORTGAGE FUNDING, LLC 1 7.13% $10,043
    GUILD MORTGAGE COMPANY 1 7.13% $5,107
    EVERETT FINANCIAL, INC. 1 6.63% $4,139
    EMM LOANS LLC 1 6.00% $7,478
    CME Federal Credit Union 1 5.50% $10,735
    THE EQUITABLE MORTGAGE CORPORATION 1 6.50% $5,816
    The Huntington National Bank 1 5.75% $11,663
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 5.88% $15,857
    LAND HOME FINANCIAL SERVICES, INC. 1 6.13% $5,989
    Mortgage Research Center, LLC 1 8.13% $3,693
    CHURCHILL MORTGAGE CORPORATION 1 7.00% $6,463

    The top Columbus USDA lender as defined by loan originations is J. VIRGIL, INC., with 17 USDA loans originated. Their average total fees are $7,339, which is $1,465 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 ($7,213), J. VIRGIL, INC. ($7,339), UNION HOME MORTGAGE CORP. ($8,805), .

    The lowest rate Columbus USDA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC (6.68%), UNION HOME MORTGAGE CORP. (6.93%), J. VIRGIL, INC. (6.95%), .

    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%) 0.97 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%) 0.90 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%) 0.90 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%) 0.00 2,791
    Columbus's median listing price for 2025-01-01 was $340,725, a difference of $-29,225 (-7.9%) versus the prior year and $-8,725 versus the prior month.

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

    Columbus's average listing price for 2025-01-01 was $443,066, a difference of $-46,897 (-9.6%) versus the prior year and $-6,687 versus the prior month.

    For the 2025-01-01 period, Columbus had 2,791 MLS listings, a difference of -257 listings (-8%) versus the prior month and 658 listings (31%) 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 15 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 0 days 1,656 sqft
    Columbus's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Columbus's median square footage for active listings during the 2025-01-01 period was 1,656 sqft. One year prior, the average listing was 1,776 sqft.