Columbus VA Loan Rates, Closing Costs & Stats
COLUMBUS, GA-AL
A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.
The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.
For additional benefits of VA loans, click here.
Columbus's 111 lenders originated 1,508 VA loans during 2023. The total origination value was $413,440,000, with an average VA loan value of $274,164.
Columbus VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Columbus
averaged
6.03%
for the week of 2024-10-11, compared to the national average (all VA variants) of
5.854% for the same period.
Columbus's average VA mortgage closing costs are $5,652.
The average rate for the prior week (2024-10-04) was
6% and
one month ago for the week of 2024-09-06, the
average rate was 5.79%.
The average rate one year ago was 7.46%.
For refis of the same type during the week of 2024-10-11, the average rate
was 6.55%.
Columbus VA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Columbus level.
The top Columbus VA lender as defined by loan originations is Mortgage Research Center, LLC, with
245 VA loans originated. Their average total fees are
$5,683, which is $4,957
lower than the next largest lender,
CMG MORTGAGE, INC..
The lowest fee Columbus VA lenders (with over 10 loans originated) are
MORTGAGE SOLUTIONS OF COLORADO, LLC ($4,049), Mortgage Research Center, LLC ($5,683), NAVY FEDERAL CREDIT UNION ($5,927), CROSSCOUNTRY MORTGAGE, LLC ($6,071) and RUOFF MORTGAGE COMPANY, INC. ($6,150).
The lowest rate Columbus VA lenders (with over 10 loans originated) are
PENNYMAC LOAN SERVICES, LLC (5.30%), NAVY FEDERAL CREDIT UNION (5.79%), BROKER SOLUTIONS, INC. (5.99%), Mr. Cooper ( Nationstar Mortgage ) (6.03%) and HOMESTAR FINANCIAL CORPORATION (6.09%).
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 | $159,225 (11.6%) | $205,780 (13.0%) | 0.59 | 1,478 |
2018-02-01 | $158,495 (9.3%) | $204,565 (11.1%) | 0.58 | 1,481 |
2018-03-01 | $159,250 (6.2%) | $206,963 (10.9%) | 0.56 | 1,487 |
2018-04-01 | $162,585 (6.3%) | $211,482 (12.1%) | 0.55 | 1,513 |
2018-05-01 | $164,225 (6.0%) | $212,220 (10.8%) | 0.55 | 1,532 |
2018-06-01 | $159,900 (3.2%) | $204,301 (5.5%) | 0.53 | 1,553 |
2018-07-01 | $158,945 (2.6%) | $205,062 (4.5%) | 0.53 | 1,557 |
2018-08-01 | $157,225 (1.4%) | $200,659 (1.8%) | 0.53 | 1,568 |
2018-09-01 | $160,000 (3.2%) | $205,276 (1.8%) | 0.54 | 1,538 |
2018-10-01 | $159,950 (3.7%) | $206,844 (3.4%) | 0.54 | 1,534 |
2018-11-01 | $159,900 (2.2%) | $208,576 (4.0%) | 0.54 | 1,536 |
2018-12-01 | $159,995 (2.6%) | $210,743 (4.1%) | 0.55 | 1,540 |
2019-01-01 | $160,000 (0.5%) | $212,901 (3.5%) | 0.55 | 1,442 |
2019-02-01 | $164,950 (4.1%) | $213,298 (4.3%) | 0.56 | 1,431 |
2019-03-01 | $164,957 (3.6%) | $219,349 (6.0%) | 0.54 | 1,331 |
2019-04-01 | $164,900 (1.4%) | $223,452 (5.7%) | 0.52 | 1,263 |
2019-05-01 | $164,615 (0.2%) | $227,625 (7.3%) | 0.51 | 1,226 |
2019-06-01 | $165,000 (3.2%) | $228,352 (11.8%) | 0.52 | 1,206 |
2019-07-01 | $168,308 (5.9%) | $232,645 (13.5%) | 0.53 | 1,116 |
2019-08-01 | $177,045 (12.6%) | $237,647 (18.4%) | 0.56 | 1,088 |
2019-09-01 | $180,114 (12.6%) | $241,092 (17.5%) | 0.58 | 1,079 |
2019-10-01 | $186,250 (16.4%) | $245,991 (18.9%) | 0.60 | 1,074 |
2019-11-01 | $189,950 (18.8%) | $247,681 (18.8%) | 0.62 | 1,048 |
2019-12-01 | $186,875 (16.8%) | $247,465 (17.4%) | 0.62 | 1,016 |
2020-01-01 | $183,900 (14.9%) | $246,573 (15.8%) | 0.61 | 965 |
2020-02-01 | $189,800 (15.1%) | $252,106 (18.2%) | 0.62 | 918 |
2020-03-01 | $181,968 (10.3%) | $246,877 (12.6%) | 0.57 | 871 |
2020-04-01 | $179,200 (8.7%) | $243,952 (9.2%) | 0.56 | 867 |
2020-05-01 | $179,900 (9.3%) | $249,099 (9.4%) | 0.55 | 764 |
2020-06-01 | $199,900 (21.2%) | $262,240 (14.8%) | 0.59 | 685 |
2020-07-01 | $199,700 (18.7%) | $261,736 (12.5%) | 0.58 | 618 |
2020-08-01 | $199,900 (12.9%) | $268,837 (13.1%) | 0.57 | 562 |
2020-09-01 | $192,450 (6.9%) | $288,874 (19.8%) | 0.55 | 483 |
2020-10-01 | $195,079 (4.7%) | $288,351 (17.2%) | 0.56 | 502 |
2020-11-01 | $194,290 (2.3%) | $275,809 (11.4%) | 0.57 | 521 |
2020-12-01 | $179,950 (-3.7%) | $272,599 (10.2%) | 0.54 | 509 |
2021-01-01 | $194,700 (5.9%) | $280,207 (13.6%) | 0.58 | 455 |
2021-02-01 | $188,650 (-0.6%) | $272,451 (8.1%) | 0.55 | 429 |
2021-03-01 | $186,850 (2.7%) | $273,487 (10.8%) | 0.53 | 386 |
2021-04-01 | $190,000 (6.0%) | $286,966 (17.6%) | 0.51 | 364 |
2021-05-01 | $189,300 (5.2%) | $275,482 (10.6%) | 0.50 | 365 |
2021-06-01 | $182,500 (-8.7%) | $271,206 (3.4%) | 0.48 | 391 |
2021-07-01 | $184,950 (-7.4%) | $281,266 (7.5%) | 0.49 | 481 |
2021-08-01 | $188,575 (-5.7%) | $279,112 (3.8%) | 0.50 | 495 |
2021-09-01 | $189,900 (-1.3%) | $292,273 (1.2%) | 0.51 | 521 |
2021-10-01 | $189,900 (-2.7%) | $284,066 (-1.5%) | 0.51 | 521 |
2021-11-01 | $186,850 (-3.8%) | $286,837 (4.0%) | 0.50 | 536 |
2021-12-01 | $189,450 (5.3%) | $296,387 (8.7%) | 0.51 | 436 |
2022-01-01 | $187,900 (-3.5%) | $318,215 (13.6%) | 0.51 | 356 |
2022-02-01 | $183,875 (-2.5%) | $316,683 (16.2%) | 0.48 | 328 |
2022-03-01 | $185,250 (-0.9%) | $308,961 (13.0%) | 0.46 | 331 |
2022-04-01 | $174,950 (-7.9%) | $276,442 (-3.7%) | 0.42 | 356 |
2022-05-01 | $200,475 (5.9%) | $280,466 (1.8%) | 0.46 | 411 |
2022-06-01 | $227,950 (24.9%) | $299,125 (10.3%) | 0.51 | 464 |
2022-07-01 | $235,000 (27.1%) | $299,869 (6.6%) | 0.53 | 537 |
2022-08-01 | $219,900 (16.6%) | $336,168 (20.4%) | 0.51 | 545 |
2022-09-01 | $220,875 (16.3%) | $335,429 (14.8%) | 0.52 | 550 |
2022-10-01 | $229,900 (21.1%) | $300,166 (5.7%) | 0.54 | 598 |
2022-11-01 | $229,950 (23.1%) | $293,559 (2.3%) | 0.55 | 585 |
2022-12-01 | $225,000 (18.8%) | $293,745 (-0.9%) | 0.56 | 529 |
2023-01-01 | $230,000 (22.4%) | $348,152 (9.4%) | 0.57 | 436 |
2023-02-01 | $213,750 (16.3%) | $341,581 (7.9%) | 0.52 | 419 |
2023-03-01 | $224,925 (21.4%) | $354,932 (14.9%) | 0.53 | 401 |
2023-04-01 | $246,000 (40.6%) | $379,317 (37.2%) | 0.57 | 395 |
2023-05-01 | $275,250 (37.3%) | $382,414 (36.4%) | 0.62 | 410 |
2023-06-01 | $270,138 (18.5%) | $386,157 (29.1%) | 0.61 | 415 |
2023-07-01 | $270,500 (15.1%) | $376,858 (25.7%) | 0.61 | 422 |
2023-08-01 | $276,450 (25.7%) | $374,029 (11.3%) | 0.63 | 446 |
2023-09-01 | $269,900 (22.2%) | $349,622 (4.2%) | 0.63 | 536 |
2023-10-01 | $267,125 (16.2%) | $343,694 (14.5%) | 0.63 | 569 |
2023-11-01 | $259,950 (13.1%) | $316,404 (7.8%) | 0.62 | 601 |
2023-12-01 | $254,900 (13.3%) | $320,067 (9.0%) | 0.62 | 591 |
2024-01-01 | $242,475 (5.4%) | $322,761 (-7.3%) | 0.59 | 542 |
2024-02-01 | $242,094 (13.3%) | $330,011 (-3.4%) | 0.58 | 533 |
2024-03-01 | $245,000 (8.9%) | $340,746 (-4.0%) | 0.58 | 518 |
2024-04-01 | $247,200 (0.5%) | $343,793 (-9.4%) | 0.58 | 508 |
2024-05-01 | $257,500 (-6.5%) | $335,211 (-12.3%) | 0.58 | 543 |
2024-06-01 | $267,494 (-1.0%) | $342,045 (-11.4%) | 0.60 | 571 |
2024-07-01 | $259,475 (-4.1%) | $342,226 (-9.2%) | 0.59 | 584 |
2024-08-01 | $259,000 (-6.3%) | $337,250 (-9.8%) | 0.60 | 643 |
2024-09-01 | $268,450 (-0.5%) | $335,988 (-3.9%) | 0.63 | 721 |
Columbus's median listing price comes in at 63% of the national average.
Columbus's average listing price for 2024-09-01 was $335,988, a difference of $-13,634 (-3.9%) versus the prior year and $-1,262 versus the prior month.
For the 2024-09-01 period, Columbus had 721 MLS listings, a difference of 78 listings (12%) versus the prior month and 185 listings (35%) 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 | 91 days | 1,923 sqft |
2018-02-01 | 87 days | 1,932 sqft |
2018-03-01 | 74 days | 1,929 sqft |
2018-04-01 | 74 days | 1,928 sqft |
2018-05-01 | 72 days | 1,970 sqft |
2018-06-01 | 68 days | 1,936 sqft |
2018-07-01 | 73 days | 1,915 sqft |
2018-08-01 | 80 days | 1,923 sqft |
2018-09-01 | 84 days | 1,941 sqft |
2018-10-01 | 85 days | 1,956 sqft |
2018-11-01 | 91 days | 1,948 sqft |
2018-12-01 | 96 days | 1,937 sqft |
2019-01-01 | 101 days | 1,927 sqft |
2019-02-01 | 97 days | 1,942 sqft |
2019-03-01 | 91 days | 1,953 sqft |
2019-04-01 | 80 days | 1,954 sqft |
2019-05-01 | 73 days | 1,942 sqft |
2019-06-01 | 68 days | 2,000 sqft |
2019-07-01 | 66 days | 2,011 sqft |
2019-08-01 | 68 days | 2,030 sqft |
2019-09-01 | 71 days | 2,058 sqft |
2019-10-01 | 70 days | 2,101 sqft |
2019-11-01 | 67 days | 2,150 sqft |
2019-12-01 | 74 days | 2,114 sqft |
2020-01-01 | 82 days | 2,100 sqft |
2020-02-01 | 80 days | 2,109 sqft |
2020-03-01 | 71 days | 2,062 sqft |
2020-04-01 | 67 days | 2,012 sqft |
2020-05-01 | 68 days | 2,049 sqft |
2020-06-01 | 58 days | 2,145 sqft |
2020-07-01 | 50 days | 2,109 sqft |
2020-08-01 | 44 days | 2,044 sqft |
2020-09-01 | 45 days | 2,010 sqft |
2020-10-01 | 39 days | 2,007 sqft |
2020-11-01 | 42 days | 1,965 sqft |
2020-12-01 | 46 days | 1,932 sqft |
2021-01-01 | 54 days | 1,988 sqft |
2021-02-01 | 33 days | 1,899 sqft |
2021-03-01 | 32 days | 1,883 sqft |
2021-04-01 | 32 days | 1,864 sqft |
2021-05-01 | 19 days | 1,802 sqft |
2021-06-01 | 22 days | 1,789 sqft |
2021-07-01 | 26 days | 1,789 sqft |
2021-08-01 | 37 days | 1,818 sqft |
2021-09-01 | 37 days | 1,784 sqft |
2021-10-01 | 38 days | 1,792 sqft |
2021-11-01 | 42 days | 1,830 sqft |
2021-12-01 | 55 days | 1,884 sqft |
2022-01-01 | 57 days | 1,848 sqft |
2022-02-01 | 31 days | 1,795 sqft |
2022-03-01 | 25 days | 1,721 sqft |
2022-04-01 | 23 days | 1,702 sqft |
2022-05-01 | 22 days | 1,812 sqft |
2022-06-01 | 26 days | 1,887 sqft |
2022-07-01 | 30 days | 1,936 sqft |
2022-08-01 | 37 days | 1,866 sqft |
2022-09-01 | 44 days | 1,876 sqft |
2022-10-01 | 41 days | 1,955 sqft |
2022-11-01 | 50 days | 1,969 sqft |
2022-12-01 | 64 days | 1,931 sqft |
2023-01-01 | 64 days | 1,942 sqft |
2023-02-01 | 38 days | 1,865 sqft |
2023-03-01 | 40 days | 1,891 sqft |
2023-04-01 | 36 days | 2,020 sqft |
2023-05-01 | 36 days | 2,091 sqft |
2023-06-01 | 40 days | 2,046 sqft |
2023-07-01 | 42 days | 2,054 sqft |
2023-08-01 | 35 days | 2,101 sqft |
2023-09-01 | 37 days | 2,030 sqft |
2023-10-01 | 39 days | 1,982 sqft |
2023-11-01 | 44 days | 2,030 sqft |
2023-12-01 | 53 days | 1,968 sqft |
2024-01-01 | 60 days | 1,877 sqft |
2024-02-01 | 48 days | 1,853 sqft |
2024-03-01 | 45 days | 1,891 sqft |
2024-04-01 | 43 days | 1,867 sqft |
2024-05-01 | 39 days | 1,847 sqft |
2024-06-01 | 43 days | 1,949 sqft |
2024-07-01 | 47 days | 1,917 sqft |
2024-08-01 | 45 days | 1,890 sqft |
2024-09-01 | 48 days | 1,901 sqft |
Columbus's median square footage for active listings during the 2024-09-01 period was 1,901 sqft. One year prior, the average listing was 2,030 sqft.