Columbus Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Columbus averaged 6.73% for the week of 2024-03-21, compared to the national average of 6.87% for the same period.

The average rate for the prior week (2024-03-14) was 6.5% and one month ago for the week of 2024-02-15, the average rate was 6.93%.

Columbus's average rate one year ago was 6.76%.

For refis of the same type during the week of 2024-03-21, the average rate was 7.07%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-03-21 6.87%
Columbus 30 Year Fixed Rate 2024-03-21 6.73%
Columbus 30 Year Fixed Rate Refi 2024-03-21 7.07%
Columbus 15 Year Fixed Rate 2024-03-21 6.11%
Columbus 15 Year Fixed Rate Refi 2024-03-21 6.41%
Columbus 30 Year FHA 2024-03-21 6.39%
Columbus 30 Year FHA Refi 2024-03-21 6.9%
Columbus 30 Year USDA 2024-03-21 6.57%
Columbus 30 Year USDA Refi 2024-03-21 6.47%
Columbus 30 Year VA 2024-03-21 6.64%
Columbus 30 Year VA Refi 2024-03-21 6.34%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Columbus, MS.

Columbus Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Columbus, MS market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Renasant Bank 20 6.98% $4,459
Trustmark National Bank 18 6.83% $4,399
BancorpSouth 17 6.51% $4,106
QUICKEN LOANS, LLC 14 6.89% $5,377
FIRST COMMUNITY MORTGAGE, INC. 13 7.02% $5,450
Magnolia Bank 9 6.78% $5,464
Flagstar Bank, FSB 5 7.20% $4,872
SIRVA MORTGAGE, INC. 5 6.60% $1,674
Regions Bank 4 6.66% $6,507
CIS Financial Services, Inc. 3 7.38% $4,252
UNITED WHOLESALE MORTGAGE, LLC 3 6.92% $5,855
Wells Fargo Bank 2 5.69% $2,213
PENNYMAC LOAN SERVICES, LLC 2 6.37% $4,898
ROYAL UNITED MORTGAGE LLC 2 7.00% $7,102
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.31% $5,229
Carrington Mortgage Services, LLC 2 7.00% $9,428
JPMorgan Chase Bank 2 6.50% $93
LOANDEPOT.COM, LLC 1 6.13% $4,957
MID AMERICA MORTGAGE, INC. 1 7.63% $17,267
Morgan Stanley Private Bank 1 6.50% $3,080
21ST MORTGAGE CORPORATION 1 7.15% $6,858
Mr. Cooper ( Nationstar Mortgage ) 1 6.38% $5,664
NAVY FEDERAL CREDIT UNION 1 6.88% $2,619
NBKC BANK 1 5.75% $5,307
OPEN MORTGAGE, LLC 1 6.99% $4,229
PNC Bank 1 7.25% $3,802
Stifel Bank and Trust 1 5.63% $3,356
The Citizens National Bank of Meridian 1 7.28% $1,694
USAA Federal Savings Bank 1 7.13% $4,641
U.S. Bank 1 6.25% $2,430
MOVEMENT MORTGAGE, LLC 1 5.99% $4,012
Ally Bank 1 5.25% $8,838
AMERISAVE MORTGAGE CORPORATION 1 6.99% $6,894
ARC HOME LLC 1 6.75% $9,295
Bank of America 1 5.63% $3,408
BNC National Bank 1 5.75% $2,937
Citizens Bank 1 6.38% $3,022
Community Bank of Mississippi 1 6.50% $3,648
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 7.50% $12,513
EASTMAN 1 5.88% $4,599
Farmers Bank & Trust 1 6.13% $4,306
FirstBank 1 6.00% $3,948
FIRST COLONY MORTGAGE CORPORATION 1 8.00% $7,792
First Financial Bank 1 6.50% $5,472
GMFS LLC 1 8.63% $8,167
GUARANTEED RATE AFFINITY, LLC 1 6.50% $3,686
LEADERONE FINANCIAL CORPORATION 1 7.99% $19,413

Columbus Average Closing Costs & Other Stats

Columbus, MS's 47 lenders originated 881 loans during 2023. The total origination value was $156,445,000, with an average loan value of $177,577.

Columbus's average closing costs are $5,255.

The top Columbus lender as defined by loan originations is Renasant Bank, with 20 loans originated. Their average total fees are $4,459, which is $61 higher than the next largest lender, Trustmark National Bank.

The lowest fee Columbus lenders (with over 10 loans originated) are BancorpSouth ($4,106), Trustmark National Bank ($4,399), Renasant Bank ($4,459), QUICKEN LOANS, LLC ($5,377) and FIRST COMMUNITY MORTGAGE, INC. ($5,450).

The lowest rate Columbus lenders (with over 10 loans originated) are BancorpSouth (6.51%), Trustmark National Bank (6.83%), QUICKEN LOANS, LLC (6.89%), Renasant Bank (6.98%) and FIRST COMMUNITY MORTGAGE, INC. (7.02%).

Columbus, MS Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Renasant Bank $16,685,000 $16,965,000 1.7% 10.8%
Trustmark National Bank $14,265,000 $12,560,000 -12.0% 8.0%
BancorpSouth $17,970,000 $11,620,000 -35.3% 7.4%
BankFirst Financial Services $23,085,000 $11,470,000 -50.3% 7.3%
Mortgage Research Center, LLC $13,680,000 $9,165,000 -33.0% 5.9%
Flagstar Bank, FSB $6,935,000 $8,885,000 28.1% 5.7%
CARDINAL FINANCIAL $5,100,000 $7,075,000 38.7% 4.5%
FIRST COMMUNITY MORTGAGE, INC. $6,505,000 $6,905,000 6.1% 4.4%
QUICKEN LOANS, LLC $11,820,000 $6,585,000 -44.3% 4.2%
Magnolia Bank $4,685,000 $5,385,000 14.9% 3.4%
Guaranty Bank and Trust Company $545,000 $4,800,000 780.7% 3.1%
CIS Financial Services, Inc. $300,000 $3,245,000 981.7% 2.1%
Regions Bank $5,070,000 $3,090,000 -39.1% 2.0%
NBKC BANK $2,485,000 $2,985,000 20.1% 1.9%
LEADERONE FINANCIAL CORPORATION $3,105,000 $2,880,000 -7.2% 1.8%
UNITED WHOLESALE MORTGAGE, LLC $4,760,000 $2,305,000 -51.6% 1.5%
USAA Federal Savings Bank $5,305,000 $2,080,000 -60.8% 1.3%
The Citizens National Bank of Meridian $7,030,000 $1,880,000 -73.3% 1.2%
PENNYMAC LOAN SERVICES, LLC $1,920,000 $1,820,000 -5.2% 1.2%
21ST MORTGAGE CORPORATION $2,165,000 $1,775,000 -18.0% 1.1%
SIRVA MORTGAGE, INC. $155,000 $1,300,000 738.7% 0.8%
TOWNE MORTGAGE COMPANY $1,790,000 $1,270,000 -29.1% 0.8%
Paramount Residential Mortgage Group, Inc. $445,000 $1,260,000 183.1% 0.8%
U.S. Bank $1,405,000 $1,260,000 -10.3% 0.8%
Mr. Cooper ( Nationstar Mortgage ) $1,040,000 $1,230,000 18.3% 0.8%
NAVY FEDERAL CREDIT UNION $2,805,000 $1,220,000 -56.5% 0.8%
MOVEMENT MORTGAGE, LLC $3,510,000 $1,160,000 -67.0% 0.7%
First Federal Bank $1,105,000 n/a 0.7%
The First, A National Banking Association $995,000 n/a 0.6%
CMG MORTGAGE, INC. $985,000 $980,000 -0.5% 0.6%
Wells Fargo Bank $1,260,000 $910,000 -27.8% 0.6%
West Alabama Bank & Trust $885,000 $905,000 2.3% 0.6%
AMERISAVE MORTGAGE CORPORATION $1,580,000 $840,000 -46.8% 0.5%
TRIAD FINANCIAL SERVICES, INC. $145,000 $800,000 451.7% 0.5%
STOCKTON MORTGAGE CORPORATION $1,445,000 $750,000 -48.1% 0.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $470,000 $740,000 57.4% 0.5%
Carrington Mortgage Services, LLC $355,000 $590,000 66.2% 0.4%
Community Bank of Mississippi $1,090,000 $590,000 -45.9% 0.4%
Southern Bancorp Bank $575,000 n/a 0.4%
GMFS LLC $940,000 $570,000 -39.4% 0.4%
BankPlus $680,000 $535,000 -21.3% 0.3%
NEWREZ LLC $115,000 $495,000 330.4% 0.3%
CROSSCOUNTRY MORTGAGE, LLC $985,000 $470,000 -52.3% 0.3%
Farmers Bank & Trust Company $445,000 n/a 0.3%
LOANDEPOT.COM, LLC $875,000 $430,000 -50.9% 0.3%
FirstBank $425,000 n/a 0.3%
Farmers Bank & Trust $395,000 n/a 0.3%
NEW DAY FINANCIAL, LLC $1,600,000 $390,000 -75.6% 0.2%
MID AMERICA MORTGAGE, INC. $370,000 n/a 0.2%
Century Mortgage Company DBA Century Lending Company $365,000 n/a 0.2%
The Central Trust Bank $345,000 n/a 0.2%
AmeriHome Mortgage Company, LLC $340,000 n/a 0.2%
Armed Forces Bank $335,000 n/a 0.2%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $335,000 n/a 0.2%
DRAPER AND KRAMER MORTGAGE CORP. $335,000 n/a 0.2%
FIRST COLONY MORTGAGE CORPORATION $335,000 n/a 0.2%
Stifel Bank and Trust $785,000 $335,000 -57.3% 0.2%
M&T Bank $165,000 $330,000 100.0% 0.2%
The Bank of Holly Springs $320,000 n/a 0.2%
Neighborhood Loans, Inc. $315,000 n/a 0.2%
JPMorgan Chase Bank $1,750,000 $310,000 -82.3% 0.2%
ROYAL UNITED MORTGAGE LLC $95,000 $310,000 226.3% 0.2%
Morgan Stanley Private Bank $305,000 n/a 0.2%
GENEVA FINANCIAL, LLC $185,000 $275,000 48.6% 0.2%
Bank of America $55,000 $265,000 381.8% 0.2%
CSL Financial, LLC $125,000 $260,000 108.0% 0.2%
GUARANTEED RATE, INC. $205,000 $245,000 19.5% 0.2%
PNC Bank $265,000 $235,000 -11.3% 0.2%
EASTMAN $225,000 n/a 0.1%
Citizens Bank $1,785,000 $200,000 -88.8% 0.1%
RELIANCE FIRST CAPITAL, LLC $225,000 $190,000 -15.6% 0.1%
Ally Bank $185,000 n/a 0.1%
First Financial Bank $185,000 n/a 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $220,000 $185,000 -15.9% 0.1%
VELOCITY COMMERCIAL CAPITAL, LLC $185,000 n/a 0.1%
AMERICAN FINANCING CORPORATION $310,000 $175,000 -43.5% 0.1%
ARC HOME LLC $175,000 n/a 0.1%
BNC National Bank $175,000 n/a 0.1%
First Commercial Bank $175,000 n/a 0.1%
GUARANTEED RATE AFFINITY, LLC $175,000 n/a 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $165,000 n/a 0.1%
Barrington Bank & Trust Company, N.A. $530,000 $155,000 -70.8% 0.1%
SUPERIOR CHOICE $155,000 n/a 0.1%
First Southern Bank $145,000 n/a 0.1%
Nations Lending Corporation $75,000 $145,000 93.3% 0.1%
SPRING EQ, LLC $145,000 n/a 0.1%
COUNTRYPLACE MORTGAGE, LTD. $145,000 $140,000 -3.4% 0.1%
BROKER SOLUTIONS, INC. $380,000 $115,000 -69.7% 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $215,000 $115,000 -46.5% 0.1%
SOUTHWEST STAGE FUNDING, LLC $135,000 $85,000 -37.0% 0.1%
Coastal Community Bank $80,000 n/a 0.1%
PENTAGON FEDERAL CREDIT UNION $880,000 $75,000 -91.5% 0.0%
Discover Bank $110,000 $55,000 -50.0% 0.0%
The Federal Savings Bank $390,000 $55,000 -85.9% 0.0%
OPEN MORTGAGE, LLC $45,000 n/a 0.0%

Columbus's top lender by overall market share is Renasant Bank, with 10.8% market share. In second place, with 8.0%, is Trustmark National Bank, having originated $12,560,000 in loans. In third place, with 7.4%, is BancorpSouth, having originated $11,620,000 in loans. In fourth place, with 7.3%, is BankFirst Financial Services, having originated $11,470,000 in loans. In fifth place, with 5.9%, is Mortgage Research Center, LLC, having originated $9,165,000 in loans.


Columbus Housing Market Trends (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 $132,425 (3.7%) $166,898 (-3.9%) 0.00 223
2018-02-01 $120,000 (-11.4%) $162,861 (-11.4%) 0.00 230
2018-03-01 $129,900 (-7.2%) $163,102 (-12.4%) 0.00 238
2018-04-01 $134,950 (0.0%) $171,143 (-5.1%) 0.00 267
2018-05-01 $139,900 (4.8%) $177,683 (-1.4%) 0.00 259
2018-06-01 $149,900 (11.3%) $181,018 (0.1%) 0.00 267
2018-07-01 $154,900 (19.2%) $186,639 (5.3%) 0.00 259
2018-08-01 $161,488 (22.9%) $190,684 (10.2%) 0.00 238
2018-09-01 $160,950 (23.9%) $193,104 (14.1%) 0.00 239
2018-10-01 $159,125 (21.4%) $192,089 (10.6%) 0.00 243
2018-11-01 $151,013 (11.9%) $193,311 (12.4%) 0.00 235
2018-12-01 $154,500 (14.5%) $193,874 (12.9%) 0.00 226
2019-01-01 $154,350 (16.6%) $188,268 (12.8%) 0.00 228
2019-02-01 $159,450 (32.9%) $193,405 (18.8%) 0.00 224
2019-03-01 $162,814 (25.3%) $204,236 (25.2%) 0.00 219
2019-04-01 $169,600 (25.7%) $213,258 (24.6%) 0.00 218
2019-05-01 $159,900 (14.3%) $214,237 (20.6%) 0.00 218
2019-06-01 $168,750 (12.6%) $226,867 (25.3%) 0.00 213
2019-07-01 $174,450 (12.6%) $234,285 (25.5%) 0.00 209
2019-08-01 $172,168 (6.6%) $232,190 (21.8%) 0.00 207
2019-09-01 $175,420 (9.0%) $231,680 (20.0%) 0.00 206
2019-10-01 $176,364 (10.8%) $231,340 (20.4%) 0.00 203
2019-11-01 $175,950 (16.5%) $232,584 (20.3%) 0.00 193
2019-12-01 $177,975 (15.2%) $237,330 (22.4%) 0.00 189
2020-01-01 $177,975 (15.3%) $231,079 (22.7%) 0.00 191
2020-02-01 $197,645 (24.0%) $239,507 (23.8%) 0.00 188
2020-03-01 $201,698 (23.9%) $242,501 (18.7%) 0.00 191
2020-04-01 $199,800 (17.8%) $242,247 (13.6%) 0.00 189
2020-05-01 $198,888 (24.4%) $245,103 (14.4%) 0.00 177
2020-06-01 $203,197 (20.4%) $255,620 (12.7%) 0.00 164
2020-07-01 $208,675 (19.6%) $255,877 (9.2%) 0.00 159
2020-08-01 $218,000 (26.6%) $255,138 (9.9%) 0.00 156
2020-09-01 $219,350 (25.0%) $255,442 (10.3%) 0.00 147
2020-10-01 $224,500 (27.3%) $259,584 (12.2%) 0.00 144
2020-11-01 $187,950 (6.8%) $240,247 (3.3%) 0.00 147
2020-12-01 $198,500 (11.5%) $244,548 (3.0%) 0.00 137
2021-01-01 $195,900 (10.1%) $231,153 (0.0%) 0.00 128
2021-02-01 $188,700 (-4.5%) $234,711 (-2.0%) 0.00 110
2021-03-01 $189,900 (-5.9%) $237,425 (-2.1%) 0.00 101
2021-04-01 $197,725 (-1.0%) $255,906 (5.6%) 0.00 88
2021-05-01 $209,900 (5.5%) $266,316 (8.7%) 0.00 80
2021-06-01 $194,975 (-4.1%) $266,079 (4.1%) 0.00 76
2021-07-01 $194,900 (-6.6%) $251,268 (-1.8%) 0.00 75
2021-08-01 $189,750 (-13.0%) $247,557 (-3.0%) 0.00 82
2021-09-01 $207,400 (-5.5%) $254,648 (-0.3%) 0.00 82
2021-10-01 $199,900 (-11.0%) $254,293 (-2.0%) 0.00 87
2021-11-01 $216,175 (15.0%) $275,838 (14.8%) 0.00 95
2021-12-01 $199,950 (0.7%) $274,688 (12.3%) 0.00 101
2022-01-01 $197,500 (0.8%) $311,273 (34.7%) 0.00 92
2022-02-01 $196,000 (3.9%) $312,925 (33.3%) 0.00 82
2022-03-01 $215,700 (13.6%) $322,171 (35.7%) 0.00 73
2022-04-01 $259,900 (31.5%) $340,676 (33.1%) 0.00 87
2022-05-01 $247,450 (17.9%) $328,959 (23.5%) 0.00 96
2022-06-01 $231,250 (18.6%) $318,640 (19.8%) 0.00 105
2022-07-01 $229,450 (17.7%) $291,630 (16.1%) 0.00 130
2022-08-01 $229,600 (21.0%) $293,839 (18.7%) 0.00 128
2022-09-01 $216,000 (4.2%) $281,847 (10.7%) 0.00 123
2022-10-01 $217,000 (8.6%) $286,923 (12.8%) 0.00 131
2022-11-01 $209,450 (-3.1%) $274,552 (-0.5%) 0.00 145
2022-12-01 $199,000 (-0.5%) $272,951 (-0.6%) 0.00 134
2023-01-01 $209,000 (5.8%) $286,818 (-7.9%) 0.00 120
2023-02-01 $204,450 (4.3%) $286,256 (-8.5%) 0.00 122
2023-03-01 $204,995 (-5.0%) $296,072 (-8.1%) 0.00 118
2023-04-01 $224,950 (-13.5%) $306,941 (-9.9%) 0.00 108
2023-05-01 $228,625 (-7.6%) $289,949 (-11.9%) 0.00 110
2023-06-01 $217,323 (-6.0%) $291,185 (-8.6%) 0.00 101
2023-07-01 $224,500 (-2.2%) $299,771 (2.8%) 0.00 99
2023-08-01 $257,000 (11.9%) $304,135 (3.5%) 0.00 106
2023-09-01 $249,450 (15.5%) $286,745 (1.7%) 0.00 119
2023-10-01 $249,900 (15.2%) $301,746 (5.2%) 0.00 131
2023-11-01 $247,400 (18.1%) $302,687 (10.3%) 0.00 131
2023-12-01 $252,450 (26.9%) $307,848 (12.8%) 0.00 134
2024-01-01 $246,875 (18.1%) $268,069 (-6.5%) 0.00 136
2024-02-01 $248,100 (21.4%) $269,823 (-5.7%) 0.00 131
Columbus's median listing price for 2024-02-01 was $248,100, a difference of $43,650 (21.4%) versus the prior year and $1,225 versus the prior month.

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

Columbus's average listing price for 2024-02-01 was $269,823, a difference of $-16,433 (-5.7%) versus the prior year and $1,754 versus the prior month.

For the 2024-02-01 period, Columbus had 131 MLS listings, a difference of -5 listings (-4%) versus the prior month and 9 listings (7%) 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 1,859 sqft
2018-02-01 0 days 1,806 sqft
2018-03-01 0 days 1,819 sqft
2018-04-01 0 days 1,808 sqft
2018-05-01 0 days 1,830 sqft
2018-06-01 0 days 1,829 sqft
2018-07-01 0 days 1,837 sqft
2018-08-01 0 days 1,850 sqft
2018-09-01 0 days 1,889 sqft
2018-10-01 0 days 1,892 sqft
2018-11-01 0 days 1,878 sqft
2018-12-01 0 days 1,897 sqft
2019-01-01 0 days 1,874 sqft
2019-02-01 0 days 1,896 sqft
2019-03-01 0 days 1,967 sqft
2019-04-01 0 days 2,019 sqft
2019-05-01 0 days 2,000 sqft
2019-06-01 0 days 1,965 sqft
2019-07-01 0 days 2,044 sqft
2019-08-01 0 days 2,007 sqft
2019-09-01 0 days 2,018 sqft
2019-10-01 0 days 2,047 sqft
2019-11-01 0 days 2,162 sqft
2019-12-01 0 days 2,176 sqft
2020-01-01 0 days 2,100 sqft
2020-02-01 0 days 2,181 sqft
2020-03-01 0 days 2,181 sqft
2020-04-01 0 days 2,159 sqft
2020-05-01 0 days 2,177 sqft
2020-06-01 0 days 2,296 sqft
2020-07-01 0 days 2,269 sqft
2020-08-01 0 days 2,322 sqft
2020-09-01 0 days 2,323 sqft
2020-10-01 0 days 2,330 sqft
2020-11-01 0 days 2,161 sqft
2020-12-01 0 days 2,152 sqft
2021-01-01 0 days 2,109 sqft
2021-02-01 0 days 2,107 sqft
2021-03-01 0 days 2,202 sqft
2021-04-01 0 days 2,335 sqft
2021-05-01 0 days 2,300 sqft
2021-06-01 0 days 2,267 sqft
2021-07-01 0 days 2,208 sqft
2021-08-01 0 days 2,240 sqft
2021-09-01 0 days 2,236 sqft
2021-10-01 0 days 2,247 sqft
2021-11-01 0 days 2,162 sqft
2021-12-01 0 days 2,064 sqft
2022-01-01 0 days 2,175 sqft
2022-02-01 0 days 2,098 sqft
2022-03-01 0 days 2,241 sqft
2022-04-01 0 days 2,200 sqft
2022-05-01 0 days 2,193 sqft
2022-06-01 0 days 2,144 sqft
2022-07-01 0 days 2,120 sqft
2022-08-01 0 days 2,092 sqft
2022-09-01 0 days 2,090 sqft
2022-10-01 0 days 2,030 sqft
2022-11-01 0 days 2,001 sqft
2022-12-01 0 days 1,979 sqft
2023-01-01 0 days 1,970 sqft
2023-02-01 0 days 1,979 sqft
2023-03-01 0 days 2,036 sqft
2023-04-01 0 days 2,080 sqft
2023-05-01 0 days 2,058 sqft
2023-06-01 0 days 1,977 sqft
2023-07-01 0 days 1,872 sqft
2023-08-01 0 days 1,993 sqft
2023-09-01 0 days 2,004 sqft
2023-10-01 0 days 2,022 sqft
2023-11-01 0 days 2,039 sqft
2023-12-01 0 days 2,048 sqft
2024-01-01 0 days 2,056 sqft
2024-02-01 0 days 2,060 sqft
Columbus's median listing age (time on market) for 2024-02-01 was 0 days.

Columbus's median square footage for active listings during the 2024-02-01 period was 2,060 sqft. One year prior, the average listing was 1,979 sqft.

Columbus, MS Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 571 $116,505,000 $204,037
Refi 122 $21,220,000 $173,934
Other 76 $5,050,000 $66,447
Cash Out Refi 71 $10,565,000 $148,803
Home Improvement 41 $3,105,000 $75,732

Columbus's most frequently cited loan purpose was Home Purchase, with 571 originations. The 2nd most popular reason was Refi, with 122 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 292 $59,900,000 $205,137
7-8% 193 $32,635,000 $169,093
Over 8% 179 $16,875,000 $94,274
5-6% 159 $35,175,000 $221,226
3-4% 23 $2,415,000 $105,000
<2.5% 12 $970,000 $80,833
4-5% 7 $1,405,000 $200,714
2.5-3% 3 $725,000 $241,667

During 2023, Columbus's most frequently originated rate bucket was 6-7%, with 292 originations.

Loan Sizing (Columbus, MS MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 297 $44,075,000 $148,401
$100,000 or less 277 $14,935,000 $53,917
$200k-400k 271 $74,725,000 $275,738
$400k-600k 29 $13,455,000 $463,966
$600k-1000k 5 $3,565,000 $713,000
$Over $1MM 2 $5,690,000 $2,845,000

Columbus's loan sizing saw the bucket of loans from $100k-200k with 297 originations, totaling $44,075,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 457 $97,095,000 $212,462
60-80% 133 $24,695,000 $185,677
Under 20% 88 $2,770,000 $31,477
20-40% 82 $6,040,000 $73,659
40-60% 64 $7,230,000 $112,969
Over 100% 36 $10,370,000 $288,056

Columbus's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 457 originations, totaling $97,095,000 in origination value.