Columbus VA Loans
COLUMBUS, IN
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 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 62 lenders originated 274 VA loans during 2021. The total origination value was $63,740,000, with an average VA loan value of $232,628.
Columbus VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Columbus
averaged
5.77%
for the week of 2022-05-13, compared to the national average (all VA variants) of
5.158% for the same period.
The average rate for the prior week (2022-05-06) was
5.4% and
one month ago for the week of 2022-04-08, the
average rate was 5.12%.
The average rate one year ago was 3.04%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.58%.
Columbus VA Loan Lenders by Rates & Fees
The below table looks at the average fees 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
38 VA loans originated. Their average total fees are
$4,740, which is $771
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Columbus VA lenders (with over 10 loans originated) are
FREEDOM MORTGAGE CORPORATION ($2,546), QUICKEN LOANS, LLC ($3,969), RUOFF MORTGAGE COMPANY, INC. ($4,602), HALLMARK HOME MORTGAGE, LLC ($4,700) and Mortgage Research Center, LLC ($4,740).
The lowest rate Columbus VA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (2.50%), FREEDOM MORTGAGE CORPORATION (2.53%), CALIBER HOME LOANS, INC. (2.71%), HALLMARK HOME MORTGAGE, LLC (2.83%) and Mortgage Research Center, LLC (2.93%).
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 | $247,400 (8.8%) | $312,339 (9.8%) | 0.00 | 277 |
2018-02-01 | $242,345 (9.2%) | $306,871 (7.0%) | 0.00 | 234 |
2018-03-01 | $252,000 (13.6%) | $319,026 (9.7%) | 0.00 | 223 |
2018-04-01 | $259,900 (6.1%) | $323,531 (8.9%) | 0.00 | 212 |
2018-05-01 | $254,900 (2.8%) | $329,206 (9.5%) | 0.00 | 228 |
2018-06-01 | $249,900 (-0.4%) | $323,083 (7.0%) | 0.00 | 240 |
2018-07-01 | $254,900 (-1.9%) | $320,484 (2.3%) | 0.00 | 251 |
2018-08-01 | $249,900 (-2.0%) | $316,268 (0.0%) | 0.00 | 256 |
2018-09-01 | $239,900 (-4.0%) | $308,610 (-1.6%) | 0.00 | 247 |
2018-10-01 | $237,400 (2.6%) | $307,413 (2.0%) | 0.00 | 247 |
2018-11-01 | $259,000 (13.2%) | $323,284 (6.6%) | 0.00 | 237 |
2018-12-01 | $272,000 (17.5%) | $339,734 (11.4%) | 0.00 | 226 |
2019-01-01 | $277,400 (12.1%) | $347,979 (11.4%) | 0.00 | 197 |
2019-02-01 | $279,900 (15.5%) | $350,884 (14.3%) | 0.00 | 177 |
2019-03-01 | $288,471 (14.5%) | $354,421 (11.1%) | 0.00 | 179 |
2019-04-01 | $304,950 (17.3%) | $363,648 (12.4%) | 0.00 | 168 |
2019-05-01 | $304,250 (19.4%) | $360,969 (9.7%) | 0.00 | 163 |
2019-06-01 | $299,900 (20.0%) | $363,415 (12.5%) | 0.00 | 168 |
2019-07-01 | $274,900 (7.9%) | $340,317 (6.2%) | 0.00 | 188 |
2019-08-01 | $257,043 (2.9%) | $316,330 (0.0%) | 0.00 | 216 |
2019-09-01 | $247,043 (3.0%) | $303,138 (-1.8%) | 0.00 | 213 |
2019-10-01 | $249,000 (4.9%) | $310,384 (1.0%) | 0.00 | 200 |
2019-11-01 | $259,990 (0.4%) | $330,386 (2.2%) | 0.00 | 177 |
2019-12-01 | $262,495 (-3.5%) | $327,622 (-3.6%) | 0.00 | 151 |
2020-01-01 | $254,500 (-8.3%) | $321,926 (-7.5%) | 0.00 | 140 |
2020-02-01 | $250,000 (-10.7%) | $327,692 (-6.6%) | 0.00 | 148 |
2020-03-01 | $260,950 (-9.5%) | $334,048 (-5.8%) | 0.00 | 136 |
2020-04-01 | $249,900 (-18.1%) | $309,303 (-14.9%) | 0.00 | 149 |
2020-05-01 | $249,900 (-17.9%) | $308,977 (-14.4%) | 0.00 | 152 |
2020-06-01 | $242,400 (-19.2%) | $305,737 (-15.9%) | 0.00 | 148 |
2020-07-01 | $246,500 (-10.3%) | $322,396 (-5.3%) | 0.00 | 142 |
2020-08-01 | $250,000 (-2.7%) | $312,647 (-1.2%) | 0.00 | 134 |
2020-09-01 | $265,995 (7.7%) | $325,385 (7.3%) | 0.00 | 119 |
2020-10-01 | $269,000 (8.0%) | $321,946 (3.7%) | 0.00 | 118 |
2020-11-01 | $279,900 (7.7%) | $322,805 (-2.3%) | 0.00 | 100 |
2020-12-01 | $269,450 (2.7%) | $308,566 (-5.8%) | 0.00 | 84 |
2021-01-01 | $259,900 (2.1%) | $307,467 (-4.5%) | 0.00 | 67 |
2021-02-01 | $277,400 (11.0%) | $312,628 (-4.6%) | 0.00 | 45 |
2021-03-01 | $299,900 (14.9%) | $345,440 (3.4%) | 0.00 | 49 |
2021-04-01 | $299,900 (20.0%) | $352,406 (13.9%) | 0.00 | 51 |
2021-05-01 | $310,000 (24.1%) | $368,152 (19.2%) | 0.00 | 65 |
2021-06-01 | $282,450 (16.5%) | $367,968 (20.4%) | 0.00 | 71 |
2021-07-01 | $280,000 (13.6%) | $352,373 (9.3%) | 0.00 | 87 |
2021-08-01 | $267,400 (7.0%) | $339,909 (8.7%) | 0.00 | 107 |
2021-09-01 | $259,900 (-2.3%) | $353,770 (8.7%) | 0.00 | 108 |
2021-10-01 | $279,900 (4.1%) | $354,177 (10.0%) | 0.00 | 101 |
2021-11-01 | $304,500 (8.8%) | $381,475 (18.2%) | 0.00 | 80 |
2021-12-01 | $334,245 (24.1%) | $354,448 (14.9%) | 0.00 | 83 |
2022-01-01 | $329,900 (26.9%) | $336,427 (9.4%) | 0.00 | 68 |
2022-02-01 | $339,900 (22.5%) | $357,789 (14.5%) | 0.00 | 66 |
2022-03-01 | $336,250 (12.1%) | $725,999 (110.2%) | 0.00 | 67 |
2022-04-01 | $299,900 (0.0%) | $650,267 (84.5%) | 0.00 | 79 |
Columbus's median listing price comes in at 0% of the national average.
Columbus's average listing price for 2022-04-01 was $650,267, a difference of $297,861 (84.5%) versus the prior year and $-75,732 versus the prior month.
For the 2022-04-01 period, Columbus had 79 MLS listings, a difference of 12 listings (18%) versus the prior month and 28 listings (55%) 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 | 0 days | 2,470 sqft |
2018-02-01 | 0 days | 2,416 sqft |
2018-03-01 | 0 days | 2,702 sqft |
2018-04-01 | 0 days | 2,725 sqft |
2018-05-01 | 0 days | 2,733 sqft |
2018-06-01 | 0 days | 2,693 sqft |
2018-07-01 | 0 days | 2,740 sqft |
2018-08-01 | 0 days | 2,685 sqft |
2018-09-01 | 0 days | 2,464 sqft |
2018-10-01 | 0 days | 2,493 sqft |
2018-11-01 | 0 days | 2,615 sqft |
2018-12-01 | 0 days | 2,743 sqft |
2019-01-01 | 0 days | 2,629 sqft |
2019-02-01 | 0 days | 2,688 sqft |
2019-03-01 | 0 days | 2,890 sqft |
2019-04-01 | 0 days | 3,001 sqft |
2019-05-01 | 0 days | 2,869 sqft |
2019-06-01 | 0 days | 2,704 sqft |
2019-07-01 | 0 days | 2,489 sqft |
2019-08-01 | 0 days | 2,435 sqft |
2019-09-01 | 0 days | 2,476 sqft |
2019-10-01 | 0 days | 2,697 sqft |
2019-11-01 | 0 days | 2,772 sqft |
2019-12-01 | 0 days | 2,723 sqft |
2020-01-01 | 0 days | 2,742 sqft |
2020-02-01 | 0 days | 2,712 sqft |
2020-03-01 | 0 days | 2,820 sqft |
2020-04-01 | 0 days | 2,740 sqft |
2020-05-01 | 0 days | 2,774 sqft |
2020-06-01 | 0 days | 2,515 sqft |
2020-07-01 | 0 days | 2,800 sqft |
2020-08-01 | 0 days | 2,680 sqft |
2020-09-01 | 0 days | 2,376 sqft |
2020-10-01 | 0 days | 2,322 sqft |
2020-11-01 | 0 days | 2,356 sqft |
2020-12-01 | 0 days | 2,154 sqft |
2021-01-01 | 0 days | 2,218 sqft |
2021-02-01 | 0 days | 2,223 sqft |
2021-03-01 | 0 days | 2,271 sqft |
2021-04-01 | 0 days | 2,240 sqft |
2021-05-01 | 0 days | 2,457 sqft |
2021-06-01 | 0 days | 2,404 sqft |
2021-07-01 | 0 days | 2,344 sqft |
2021-08-01 | 0 days | 2,264 sqft |
2021-09-01 | 0 days | 2,210 sqft |
2021-10-01 | 0 days | 2,200 sqft |
2021-11-01 | 0 days | 2,369 sqft |
2021-12-01 | 0 days | 2,078 sqft |
2022-01-01 | 0 days | 1,862 sqft |
2022-02-01 | 0 days | 1,867 sqft |
2022-03-01 | 0 days | 2,182 sqft |
2022-04-01 | 0 days | 2,076 sqft |
Columbus's median square footage for active listings during the 2022-04-01 period was 2,076 sqft. One year prior, the average listing was 2,240 sqft.