Columbus VA Loan Rates, Closing Costs & Stats

Columbus, NE

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    • 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 14 lenders originated 22 VA loans during 2023. The total origination value was $5,810,000, with an average VA loan value of $264,091.

    Columbus VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Columbus averaged 0.15% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Columbus's average VA mortgage closing costs are $5,635.

    The average rate for the prior week (2024-11-08) was 6.76% and one month ago for the week of 2024-10-11, the average rate was 6.32%.

    The average rate one year ago was 7.31%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.2%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    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.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 4 6.94% $2,973
    FREEDOM MORTGAGE CORPORATION 3 6.92% $17,380
    UNITED WHOLESALE MORTGAGE, LLC 2 7.50% $5,672
    LIBERTY FIRST 2 6.44% $6,971
    PENNYMAC LOAN SERVICES, LLC 1 6.00% $4,769
    Prosperity Home Mortgage, LLC 1 7.13% $1,481
    QUICKEN LOANS, LLC 1 6.38% $12,000
    Regent Financial Group, Inc. 1 6.50% $3,784
    The Federal Savings Bank 1 6.25% $35,110
    First Federal Bank 1 6.00% $3,190
    U.S. Bank 1 5.75% $2,513
    GUARANTEED RATE, INC. 1 6.25% $12,438
    LOANDEPOT.COM, LLC 1 7.38% $9,582
    NEWREZ LLC 1 6.50% $3,784

    The top Columbus VA lender as defined by loan originations is Mortgage Research Center, LLC, with 4 VA loans originated. Their average total fees are $2,973, which is $14,406 lower than the next largest lender, FREEDOM MORTGAGE CORPORATION.

    The lowest fee Columbus VA lenders (with over 10 loans originated) are .

    The lowest rate Columbus VA lenders (with over 10 loans originated) are .

    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 $180,750 (-8.2%) $208,574 (1.5%) 0.00 70
    2018-02-01 $187,575 (-12.5%) $210,573 (-3.3%) 0.00 70
    2018-03-01 $195,500 (1.6%) $213,800 (-1.5%) 0.00 60
    2018-04-01 $213,750 (16.8%) $229,456 (6.3%) 0.00 63
    2018-05-01 $227,850 (4.8%) $234,248 (7.2%) 0.00 60
    2018-06-01 $214,000 (14.5%) $230,096 (6.5%) 0.00 61
    2018-07-01 $192,175 (5.3%) $213,545 (3.5%) 0.00 60
    2018-08-01 $201,825 (9.1%) $218,695 (4.2%) 0.00 69
    2018-09-01 $214,900 (8.0%) $222,132 (3.4%) 0.00 68
    2018-10-01 $225,000 (21.1%) $234,346 (10.1%) 0.00 64
    2018-11-01 $216,500 (22.7%) $229,707 (9.3%) 0.00 68
    2018-12-01 $213,950 (9.2%) $232,000 (7.4%) 0.00 63
    2019-01-01 $239,900 (32.7%) $254,677 (22.1%) 0.00 61
    2019-02-01 $244,950 (30.6%) $255,617 (21.4%) 0.00 60
    2019-03-01 $249,257 (27.5%) $255,637 (19.6%) 0.00 59
    2019-04-01 $254,282 (19.0%) $258,323 (12.6%) 0.00 60
    2019-05-01 $229,900 (0.9%) $253,807 (8.4%) 0.00 76
    2019-06-01 $229,900 (7.4%) $264,098 (14.8%) 0.00 74
    2019-07-01 $229,900 (19.6%) $260,526 (22.0%) 0.00 78
    2019-08-01 $221,200 (9.6%) $258,170 (18.1%) 0.00 77
    2019-09-01 $208,150 (-3.1%) $249,230 (12.2%) 0.00 83
    2019-10-01 $200,200 (-11.0%) $244,058 (4.1%) 0.00 84
    2019-11-01 $220,000 (1.6%) $257,895 (12.3%) 0.00 77
    2019-12-01 $211,000 (-1.4%) $251,691 (8.5%) 0.00 63
    2020-01-01 $237,750 (-0.9%) $260,079 (2.1%) 0.00 59
    2020-02-01 $266,250 (8.7%) $271,211 (6.1%) 0.00 57
    2020-03-01 $274,450 (10.1%) $280,193 (9.6%) 0.00 66
    2020-04-01 $277,425 (9.1%) $289,712 (12.2%) 0.00 69
    2020-05-01 $257,750 (12.1%) $274,305 (8.1%) 0.00 80
    2020-06-01 $271,000 (17.9%) $285,595 (8.1%) 0.00 61
    2020-07-01 $287,825 (25.2%) $295,436 (13.4%) 0.00 52
    2020-08-01 $279,450 (26.3%) $293,067 (13.5%) 0.00 55
    2020-09-01 $263,225 (26.5%) $270,256 (8.4%) 0.00 58
    2020-10-01 $269,900 (34.8%) $279,264 (14.4%) 0.00 63
    2020-11-01 $251,175 (14.2%) $277,629 (7.7%) 0.00 57
    2020-12-01 $250,000 (18.5%) $278,799 (10.8%) 0.00 53
    2021-01-01 $245,000 (3.1%) $272,620 (4.8%) 0.00 43
    2021-02-01 $258,225 (-3.0%) $295,072 (8.8%) 0.00 29
    2021-03-01 $271,750 (-1.0%) $280,033 (-0.1%) 0.00 39
    2021-04-01 $271,750 (-2.1%) $273,989 (-5.4%) 0.00 37
    2021-05-01 $274,000 (6.3%) $281,696 (2.7%) 0.00 34
    2021-06-01 $286,000 (5.5%) $298,496 (4.5%) 0.00 39
    2021-07-01 $286,000 (-0.6%) $300,457 (1.7%) 0.00 45
    2021-08-01 $278,750 (-0.3%) $282,079 (-3.8%) 0.00 43
    2021-09-01 $232,350 (-11.7%) $259,180 (-4.1%) 0.00 41
    2021-10-01 $235,000 (-12.9%) $254,051 (-9.0%) 0.00 51
    2021-11-01 $252,450 (0.5%) $274,586 (-1.1%) 0.00 61
    2021-12-01 $279,700 (11.9%) $295,335 (5.9%) 0.00 56
    2022-01-01 $264,900 (8.1%) $284,744 (4.5%) 0.00 51
    2022-02-01 $265,000 (2.6%) $289,301 (-2.0%) 0.00 42
    2022-03-01 $264,900 (-2.5%) $294,879 (5.3%) 0.00 40
    2022-04-01 $309,000 (13.7%) $335,009 (22.3%) 0.00 44
    2022-05-01 $285,000 (4.0%) $327,309 (16.2%) 0.00 60
    2022-06-01 $285,000 (-0.4%) $320,613 (7.4%) 0.00 66
    2022-07-01 $291,000 (1.8%) $351,686 (17.1%) 0.00 67
    2022-08-01 $285,000 (2.2%) $328,692 (16.5%) 0.00 71
    2022-09-01 $304,450 (31.0%) $337,041 (30.0%) 0.00 80
    2022-10-01 $296,500 (26.2%) $325,469 (28.1%) 0.00 75
    2022-11-01 $295,950 (17.2%) $334,193 (21.7%) 0.00 63
    2022-12-01 $285,000 (1.9%) $315,886 (7.0%) 0.00 67
    2023-01-01 $285,000 (7.6%) $316,330 (11.1%) 0.00 67
    2023-02-01 $285,000 (7.6%) $324,100 (12.0%) 0.00 63
    2023-03-01 $299,000 (12.9%) $325,152 (10.3%) 0.00 59
    2023-04-01 $272,500 (-11.8%) $322,368 (-3.8%) 0.00 70
    2023-05-01 $280,950 (-1.4%) $329,181 (0.6%) 0.00 60
    2023-06-01 $315,000 (10.5%) $369,857 (15.4%) 0.00 60
    2023-07-01 $307,000 (5.5%) $356,870 (1.5%) 0.00 59
    2023-08-01 $318,700 (11.8%) $352,952 (7.4%) 0.00 75
    2023-09-01 $301,500 (-1.0%) $347,264 (3.0%) 0.00 75
    2023-10-01 $314,725 (6.2%) $346,856 (6.6%) 0.00 81
    2023-11-01 $319,450 (7.9%) $343,443 (2.8%) 0.00 76
    2023-12-01 $330,950 (16.1%) $339,962 (7.6%) 0.00 74
    2024-01-01 $299,725 (5.2%) $322,737 (2.0%) 0.00 76
    2024-02-01 $284,925 (0.0%) $315,045 (-2.8%) 0.00 73
    2024-03-01 $289,900 (-3.0%) $315,156 (-3.1%) 0.00 77
    2024-04-01 $285,000 (4.6%) $313,117 (-2.9%) 0.00 74
    2024-05-01 $306,125 (9.0%) $335,786 (2.0%) 0.00 74
    2024-06-01 $310,000 (-1.6%) $360,423 (-2.6%) 0.00 63
    2024-07-01 $339,500 (10.6%) $378,556 (6.1%) 0.00 65
    2024-08-01 $337,000 (5.7%) $367,709 (4.2%) 0.00 64
    2024-09-01 $344,750 (14.3%) $390,506 (12.5%) 0.00 67
    2024-10-01 $326,250 (3.7%) $353,782 (2.0%) 0.00 84
    Columbus's median listing price for 2024-10-01 was $326,250, a difference of $11,525 (3.7%) versus the prior year and $-18,500 versus the prior month.

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

    Columbus's average listing price for 2024-10-01 was $353,782, a difference of $6,926 (2.0%) versus the prior year and $-36,724 versus the prior month.

    For the 2024-10-01 period, Columbus had 84 MLS listings, a difference of 17 listings (25%) versus the prior month and 3 listings (4%) 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 0 days 1,544 sqft
    2018-02-01 0 days 1,514 sqft
    2018-03-01 0 days 1,437 sqft
    2018-04-01 0 days 1,481 sqft
    2018-05-01 0 days 1,517 sqft
    2018-06-01 0 days 1,544 sqft
    2018-07-01 0 days 1,536 sqft
    2018-08-01 0 days 1,520 sqft
    2018-09-01 0 days 1,532 sqft
    2018-10-01 0 days 1,751 sqft
    2018-11-01 0 days 1,652 sqft
    2018-12-01 0 days 1,643 sqft
    2019-01-01 0 days 1,725 sqft
    2019-02-01 0 days 1,694 sqft
    2019-03-01 0 days 1,676 sqft
    2019-04-01 0 days 1,682 sqft
    2019-05-01 0 days 1,717 sqft
    2019-06-01 0 days 1,730 sqft
    2019-07-01 0 days 1,744 sqft
    2019-08-01 0 days 1,740 sqft
    2019-09-01 0 days 1,678 sqft
    2019-10-01 0 days 1,611 sqft
    2019-11-01 0 days 1,710 sqft
    2019-12-01 0 days 1,714 sqft
    2020-01-01 0 days 1,724 sqft
    2020-02-01 0 days 1,728 sqft
    2020-03-01 0 days 1,673 sqft
    2020-04-01 0 days 1,771 sqft
    2020-05-01 0 days 1,769 sqft
    2020-06-01 0 days 1,769 sqft
    2020-07-01 0 days 1,861 sqft
    2020-08-01 0 days 1,861 sqft
    2020-09-01 0 days 1,752 sqft
    2020-10-01 0 days 1,633 sqft
    2020-11-01 0 days 1,651 sqft
    2020-12-01 0 days 1,650 sqft
    2021-01-01 0 days 1,667 sqft
    2021-02-01 0 days 1,613 sqft
    2021-03-01 0 days 1,626 sqft
    2021-04-01 0 days 1,624 sqft
    2021-05-01 0 days 1,456 sqft
    2021-06-01 0 days 1,595 sqft
    2021-07-01 0 days 1,587 sqft
    2021-08-01 0 days 1,456 sqft
    2021-09-01 0 days 1,383 sqft
    2021-10-01 0 days 1,440 sqft
    2021-11-01 0 days 1,460 sqft
    2021-12-01 0 days 1,518 sqft
    2022-01-01 0 days 1,456 sqft
    2022-02-01 0 days 1,456 sqft
    2022-03-01 0 days 1,460 sqft
    2022-04-01 0 days 1,603 sqft
    2022-05-01 0 days 1,558 sqft
    2022-06-01 0 days 1,536 sqft
    2022-07-01 0 days 1,600 sqft
    2022-08-01 0 days 1,547 sqft
    2022-09-01 0 days 1,479 sqft
    2022-10-01 0 days 1,476 sqft
    2022-11-01 0 days 1,550 sqft
    2022-12-01 0 days 1,452 sqft
    2023-01-01 0 days 1,446 sqft
    2023-02-01 0 days 1,431 sqft
    2023-03-01 0 days 1,443 sqft
    2023-04-01 0 days 1,446 sqft
    2023-05-01 0 days 1,511 sqft
    2023-06-01 0 days 1,549 sqft
    2023-07-01 0 days 1,539 sqft
    2023-08-01 0 days 1,531 sqft
    2023-09-01 0 days 1,499 sqft
    2023-10-01 0 days 1,555 sqft
    2023-11-01 0 days 1,505 sqft
    2023-12-01 0 days 1,536 sqft
    2024-01-01 0 days 1,500 sqft
    2024-02-01 0 days 1,427 sqft
    2024-03-01 0 days 1,492 sqft
    2024-04-01 0 days 1,464 sqft
    2024-05-01 0 days 1,423 sqft
    2024-06-01 0 days 1,481 sqft
    2024-07-01 0 days 1,590 sqft
    2024-08-01 0 days 1,632 sqft
    2024-09-01 0 days 1,567 sqft
    2024-10-01 0 days 1,401 sqft
    Columbus's median listing age (time on market) for 2024-10-01 was 0 days.

    Columbus's median square footage for active listings during the 2024-10-01 period was 1,401 sqft. One year prior, the average listing was 1,555 sqft.

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.