Columbus Mortgage Rates & Closing Costs

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  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
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  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Columbus averaged 6.84% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 6.95% and one month ago for the week of 2024-10-10, the average rate was 6.38%.

    Columbus's average rate one year ago was 7.46%.

    For refis of the same type during the week of 2024-11-14, the average rate was 7.18%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Columbus 30 Year Fixed Rate 2024-11-14 6.84%
    Columbus 30 Year Fixed Rate Refi 2024-11-14 7.18%
    Columbus 15 Year Fixed Rate 2024-11-14 5.89%
    Columbus 15 Year Fixed Rate Refi 2024-11-14 6.29%
    Columbus 30 Year FHA 2024-11-14 -0.51%
    Columbus 30 Year FHA Refi 2024-11-14 0%
    Columbus 30 Year USDA 2024-11-14 -0.1%
    Columbus 30 Year USDA Refi 2024-11-14 0.1%
    Columbus 30 Year VA 2024-11-14 0%
    Columbus 30 Year VA Refi 2024-11-14 0.2%
    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
    2024-03-01 $244,900 (19.5%) $266,685 (-9.9%) 0.00 125
    2024-04-01 $236,500 (5.1%) $260,046 (-15.3%) 0.00 138
    2024-05-01 $231,250 (1.2%) $259,261 (-10.6%) 0.00 137
    2024-06-01 $227,400 (4.6%) $258,445 (-11.2%) 0.00 148
    2024-07-01 $239,125 (6.5%) $265,444 (-11.5%) 0.00 146
    2024-08-01 $236,250 (-8.1%) $272,140 (-10.5%) 0.00 145
    2024-09-01 $254,450 (2.0%) $283,390 (-1.2%) 0.00 148
    2024-10-01 $250,975 (0.4%) $281,527 (-6.7%) 0.00 144
    Columbus's median listing price for 2024-10-01 was $250,975, a difference of $1,075 (0.4%) versus the prior year and $-3,475 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 $281,527, a difference of $-20,219 (-6.7%) versus the prior year and $-1,863 versus the prior month.

    For the 2024-10-01 period, Columbus had 144 MLS listings, a difference of -4 listings (-3%) versus the prior month and 13 listings (10%) 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
    2024-03-01 0 days 2,051 sqft
    2024-04-01 0 days 1,983 sqft
    2024-05-01 0 days 1,947 sqft
    2024-06-01 0 days 1,959 sqft
    2024-07-01 0 days 2,005 sqft
    2024-08-01 0 days 1,979 sqft
    2024-09-01 0 days 2,070 sqft
    2024-10-01 0 days 2,009 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 2,009 sqft. One year prior, the average listing was 2,022 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.