Columbus Mortgage Rates

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

    30 Year Fixed Rate mortgages in Columbus averaged 5.96% for the week of 2022-06-23, compared to the national average of 5.81% for the same period.

    The average rate for the prior week (2022-06-16) was 5.63% and one month ago for the week of 2022-05-19, the average rate was 5.1%.

    Columbus's average rate one year ago was 3.2%.

    For refis of the same type during the week of 2022-06-23, the average rate was 6.14%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2022-06-23 5.81%
    Columbus 30 Year Fixed Rate 2022-06-23 5.96%
    Columbus 30 Year Fixed Rate Refi 2022-06-23 6.14%
    Columbus 15 Year Fixed Rate 2022-06-23 4.96%
    Columbus 15 Year Fixed Rate Refi 2022-06-23 5.14%
    Columbus 30 Year FHA 2022-06-23 -0.07%
    Columbus 30 Year FHA Refi 2022-06-23 -0.17%
    Columbus 30 Year USDA 2022-06-23 -0.36%
    Columbus 30 Year USDA Refi 2022-06-23 0.69%
    Columbus 30 Year VA 2022-06-23 0.37%
    Columbus 30 Year VA Refi 2022-06-23 -0.08%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Columbus, NE.

    Columbus Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the Columbus, NE 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    Pinnacle Bank 78 2.93% $2,394
    CHARTER WEST BANK 70 2.96% $2,496
    Plains Commerce Bank 65 3.06% $3,333
    U.S. Bank 45 3.18% $2,059
    First National Bank of Omaha 44 3.10% $2,806
    West Gate Bank 37 3.11% $2,067
    QUICKEN LOANS, LLC 30 3.13% $4,316
    Wells Fargo Bank 12 3.21% $2,420
    First Nebraska Bank 12 3.00% $2,167
    PRIMELENDING, A PLAINSCAPITAL COMPANY 6 3.27% $2,420
    FREEDOM MORTGAGE CORPORATION 6 3.04% $1,775
    Great Western Bank 4 3.06% $2,163
    Bank of the West 4 3.19% $3,129
    MORIA DEVELOPMENT, INC. 3 3.33% $2,515
    BROKER SOLUTIONS, INC. 3 3.03% $2,856
    UNITED WHOLESALE MORTGAGE, LLC 3 2.90% $2,894
    Union Bank and Trust Company 3 2.96% $2,586
    Mortgage Research Center, LLC 2 2.87% $2,791
    Arbor Bank 2 2.68% $2,288
    BETTER MORTGAGE CORPORATION 2 3.25% $3,724
    Citizens Bank 2 3.00% $2,470
    Frontier Bank 2 3.50% $2,150
    HOME POINT FINANCIAL CORPORATION 2 3.00% $2,504
    LOANDEPOT.COM, LLC 2 3.19% $6,825
    VERIDIAN CREDIT UNION 2 2.87% $1,414
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.25% $2,728
    Home Federal Savings & Loan Association of Grand Island 1 3.13% $1,562
    Bank of America 1 2.38% $2,108
    LEADERONE FINANCIAL CORPORATION 1 2.75% $2,228
    Baxter Credit Union 1 2.88% $2,579
    Loan Simple, Inc. 1 2.88% $5,422
    Discover Bank 1 3.99% $0
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.63% $1,731
    Mr. Cooper ( Nationstar Mortgage ) 1 3.63% $3,651
    MUTUAL OF OMAHA MORTGAGE, INC. 1 3.25% $1,579
    Northpointe Bank 1 3.38% $3,141
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 3.38% $1,413
    PENNYMAC LOAN SERVICES, LLC 1 3.63% $4,914
    CORNHUSKER BANK 1 2.75% $1,952
    CMG MORTGAGE, INC. 1 3.13% $2,807
    CHURCHILL MORTGAGE CORPORATION 1 3.13% $2,650
    CENTRIS FEDERAL CREDIT UNION 1 2.75% $2,502
    Regent Financial Group, Inc. 1 3.13% $2,512
    Service Federal Credit Union 1 3.25% $2,021
    The Huntington National Bank 1 3.38% $2,482
    The Union Bank Company 1 3.25% $2,638
    Central National Bank 1 3.38% $1,880
    Carrington Mortgage Services, LLC 1 3.13% $3,204
    USAA Federal Savings Bank 1 3.00% $2,545
    First State Bank of St. Charles, Missouri 1 3.38% $2,897
    Farm Credit Mid-America, ACA 1 3.35% $6,227
    CALIBER HOME LOANS, INC. 1 2.99% $2,199
    Gateway First Bank 1 3.13% $2,219

    Columbus, NE's 53 lenders originated 1,140 loans during 2021. The total origination value was $204,590,000, with an average loan value of $179,465.

    The top Columbus lender as defined by loan originations is Pinnacle Bank, with 78 loans originated. Their average total fees are $2,394, which is $101 lower than the next largest lender, CHARTER WEST BANK.

    The lowest fee Columbus lenders (with over 10 loans originated) are U.S. Bank ($2,059), West Gate Bank ($2,067), First Nebraska Bank ($2,167), Pinnacle Bank ($2,394) and Wells Fargo Bank ($2,420).

    The lowest rate Columbus lenders (with over 10 loans originated) are Pinnacle Bank (2.93%), CHARTER WEST BANK (2.96%), First Nebraska Bank (3.00%), Plains Commerce Bank (3.06%) and First National Bank of Omaha (3.10%).

    Columbus, NE Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
    Pinnacle Bank $42,950,000 $41,120,000 -4.3% 20.1%
    CHARTER WEST BANK $27,715,000 $27,025,000 -2.5% 13.2%
    Plains Commerce Bank $14,575,000 $19,630,000 34.7% 9.6%
    U.S. Bank $16,615,000 $19,545,000 17.6% 9.6%
    First National Bank of Omaha $15,670,000 $13,655,000 -12.9% 6.7%
    QUICKEN LOANS, LLC $10,680,000 $12,545,000 17.5% 6.1%
    West Gate Bank $10,430,000 $12,305,000 18.0% 6.0%
    First Nebraska Bank $20,275,000 $8,090,000 -60.1% 4.0%
    FREEDOM MORTGAGE CORPORATION $4,160,000 $4,395,000 5.6% 2.1%
    Wells Fargo Bank $1,515,000 $3,660,000 141.6% 1.8%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $2,825,000 $2,635,000 -6.7% 1.3%
    Great Western Bank $1,320,000 $2,150,000 62.9% 1.1%
    Mortgage Research Center, LLC $900,000 $1,995,000 121.7% 1.0%
    MORIA DEVELOPMENT, INC. $145,000 $1,770,000 1,120.7% 0.9%
    Bank of the West $1,700,000 $1,755,000 3.2% 0.9%
    LOANDEPOT.COM, LLC $2,225,000 $1,730,000 -22.2% 0.8%
    BankFirst $2,160,000 $1,570,000 -27.3% 0.8%
    Frontier Bank $2,170,000 $1,505,000 -30.6% 0.7%
    Farm Credit Mid-America, ACA $2,190,000 $1,345,000 -38.6% 0.7%
    Adams Bank & Trust $95,000 $1,275,000 1,242.1% 0.6%
    PENNYMAC LOAN SERVICES, LLC $340,000 $1,255,000 269.1% 0.6%
    Arbor Bank $280,000 $1,235,000 341.1% 0.6%
    Union Bank and Trust Company $450,000 $1,045,000 132.2% 0.5%
    Bank of America $195,000 $965,000 394.9% 0.5%
    CMG MORTGAGE, INC. $405,000 $925,000 128.4% 0.5%
    Cornerstone Bank $425,000 $895,000 110.6% 0.4%
    UNITED WHOLESALE MORTGAGE, LLC $830,000 $880,000 6.0% 0.4%
    CHURCHILL MORTGAGE CORPORATION $1,040,000 $825,000 -20.7% 0.4%
    NEWREZ LLC $820,000 n/a 0.4%
    Mr. Cooper ( Nationstar Mortgage ) $1,010,000 $680,000 -32.7% 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $435,000 $680,000 56.3% 0.3%
    HOME POINT FINANCIAL CORPORATION $290,000 $575,000 98.3% 0.3%
    BROKER SOLUTIONS, INC. $710,000 $565,000 -20.4% 0.3%
    Barrington Bank & Trust Company, N.A. $580,000 $545,000 -6.0% 0.3%
    Lincoln FSB of Nebraska $1,265,000 $520,000 -58.9% 0.3%
    CALIBER HOME LOANS, INC. $300,000 $510,000 70.0% 0.2%
    KS StateBank $420,000 $510,000 21.4% 0.2%
    Low VA Rates, LLC $365,000 $510,000 39.7% 0.2%
    FOUR POINTS $160,000 $485,000 203.1% 0.2%
    NOVA FINANCIAL & INVESTMENT CORPORATION $440,000 n/a 0.2%
    BETTER MORTGAGE CORPORATION $425,000 n/a 0.2%
    Citizens Bank $870,000 $390,000 -55.2% 0.2%
    VERIDIAN CREDIT UNION $575,000 $390,000 -32.2% 0.2%
    CENTRIS FEDERAL CREDIT UNION $410,000 $385,000 -6.1% 0.2%
    LEADERONE FINANCIAL CORPORATION $375,000 n/a 0.2%
    Ally Bank $360,000 n/a 0.2%
    AMERICAN FINANCIAL NETWORK, INC. $355,000 n/a 0.2%
    AMERISAVE MORTGAGE CORPORATION $495,000 $355,000 -28.3% 0.2%
    First State Bank of St. Charles, Missouri $355,000 n/a 0.2%
    VILLAGE CAPITAL & INVESTMENT LLC $600,000 $325,000 -45.8% 0.2%
    JPMorgan Chase Bank $155,000 $310,000 100.0% 0.2%
    Northpointe Bank $185,000 $305,000 64.9% 0.1%
    Regent Financial Group, Inc. $565,000 $300,000 -46.9% 0.1%
    Gateway First Bank $485,000 $295,000 -39.2% 0.1%
    Midwest Heritage Bank FSB $590,000 $275,000 -53.4% 0.1%
    Baxter Credit Union $265,000 n/a 0.1%
    The Huntington National Bank $265,000 n/a 0.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $400,000 $255,000 -36.3% 0.1%
    PNC Bank $340,000 $250,000 -26.5% 0.1%
    Service Federal Credit Union $245,000 n/a 0.1%
    NEW DAY FINANCIAL, LLC $735,000 $235,000 -68.0% 0.1%
    Northwest Bank $165,000 $230,000 39.4% 0.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $505,000 $225,000 -55.4% 0.1%
    The Union Bank Company $215,000 n/a 0.1%
    Home Federal Savings & Loan Association of Grand Island $205,000 n/a 0.1%
    LAKEVIEW LOAN SERVICING, LLC $225,000 $205,000 -8.9% 0.1%
    CORNHUSKER BANK $400,000 $185,000 -53.8% 0.1%
    GUARANTEED RATE, INC. $185,000 n/a 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $175,000 $185,000 5.7% 0.1%
    Loan Simple, Inc. $185,000 n/a 0.1%
    Central National Bank $510,000 $180,000 -64.7% 0.1%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $560,000 $175,000 -68.8% 0.1%
    Cobalt Credit Union $145,000 $155,000 6.9% 0.1%
    Carrington Mortgage Services, LLC $160,000 $140,000 -12.5% 0.1%
    Colonial Savings, F.A. $135,000 n/a 0.1%
    Dundee Bank $125,000 n/a 0.1%
    LIBERTY FIRST $285,000 $115,000 -59.6% 0.1%
    Discover Bank $85,000 $105,000 23.5% 0.1%
    SOUTHWEST STAGE FUNDING, LLC $105,000 n/a 0.1%
    AMERICAN ADVISORS GROUP $15,000 $95,000 533.3% 0.0%
    USAA Federal Savings Bank $85,000 n/a 0.0%
    First National Bank of America $75,000 n/a 0.0%

    Columbus's top lender by overall market share is Pinnacle Bank, with 20.1% market share. In second place, with 13.2%, is CHARTER WEST BANK, having originated $27,025,000 in loans. In third place, with 9.6%, is Plains Commerce Bank, having originated $19,630,000 in loans. In third place, with 9.6%, is U.S. Bank, having originated $19,545,000 in loans. In third place, with 6.7%, is First National Bank of Omaha, having originated $13,655,000 in loans.

    Columbus, NE Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 516 $104,450,000 $202,422
    Refi 349 $58,105,000 $166,490
    Cash Out Refi 230 $39,140,000 $170,174
    Home Improvement 26 $1,410,000 $54,231
    Other 19 $1,485,000 $78,158

    Columbus's most frequently cited loan purpose was Home Purchase, with 516 originations. The 2nd most popular reason was Refi, with 349 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    2.5-3% 470 $89,700,000 $190,851
    3-4% 349 $61,495,000 $176,203
    <2.5% 242 $44,320,000 $183,140
    4-5% 59 $6,505,000 $110,254
    5-6% 6 $390,000 $65,000
    6-7% 2 $50,000 $25,000
    7-8% 1 $75,000 $75,000

    During 2021, Columbus's most frequently originated rate bucket was 2.5-3%, with 470 originations.

    Loan Sizing (Columbus, NE MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 565 $85,455,000 $151,248
    $200k-400k 342 $90,470,000 $264,532
    $100,000 or less 201 $12,555,000 $62,463
    $400k-600k 29 $13,105,000 $451,897
    $600k-1000k 2 $1,870,000 $935,000
    $Over $1MM 1 $1,135,000 $1,135,000

    Columbus's loan sizing saw the bucket of loans from $100k-200k with 565 originations, totaling $85,455,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 440 $93,320,000 $212,091
    60-80% 366 $70,500,000 $192,623
    40-60% 177 $24,395,000 $137,825
    20-40% 66 $7,050,000 $106,818
    Under 20% 52 $1,770,000 $34,038
    Over 100% 5 $1,285,000 $257,000

    Columbus's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 440 originations, totaling $93,320,000 in origination value.

    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 $181,750 (-9.8%) $208,437 (-0.3%) 0.00 69
    2018-02-01 $189,950 (-14.4%) $209,411 (-6.7%) 0.00 68
    2018-03-01 $196,000 (-12.9%) $212,625 (-4.5%) 0.00 57
    2018-04-01 $213,750 (14.9%) $227,882 (4.2%) 0.00 62
    2018-05-01 $229,450 (4.8%) $234,556 (7.1%) 0.00 62
    2018-06-01 $218,000 (13.3%) $232,210 (6.3%) 0.00 63
    2018-07-01 $199,000 (7.6%) $215,407 (3.2%) 0.00 60
    2018-08-01 $212,400 (10.6%) $219,432 (3.1%) 0.00 70
    2018-09-01 $218,000 (9.6%) $222,478 (1.9%) 0.00 70
    2018-10-01 $229,900 (21.5%) $236,111 (9.3%) 0.00 66
    2018-11-01 $218,000 (23.2%) $232,234 (10.6%) 0.00 69
    2018-12-01 $218,000 (11.2%) $232,147 (7.5%) 0.00 66
    2019-01-01 $239,900 (32.0%) $253,154 (21.5%) 0.00 64
    2019-02-01 $244,900 (28.9%) $253,205 (20.9%) 0.00 65
    2019-03-01 $249,229 (27.2%) $254,700 (19.8%) 0.00 65
    2019-04-01 $255,000 (19.3%) $259,394 (13.8%) 0.00 64
    2019-05-01 $232,900 (1.5%) $257,888 (10.0%) 0.00 79
    2019-06-01 $229,900 (5.5%) $265,466 (14.3%) 0.00 78
    2019-07-01 $229,900 (15.5%) $256,797 (19.2%) 0.00 84
    2019-08-01 $219,229 (3.2%) $257,117 (17.2%) 0.00 78
    2019-09-01 $209,229 (-4.0%) $252,652 (13.6%) 0.00 79
    2019-10-01 $207,400 (-9.8%) $247,108 (4.7%) 0.00 86
    2019-11-01 $225,000 (3.2%) $259,293 (11.7%) 0.00 81
    2019-12-01 $218,500 (0.2%) $253,137 (9.0%) 0.00 67
    2020-01-01 $250,500 (4.4%) $262,510 (3.7%) 0.00 65
    2020-02-01 $279,900 (14.3%) $274,570 (8.4%) 0.00 63
    2020-03-01 $279,900 (12.3%) $281,654 (10.6%) 0.00 74
    2020-04-01 $284,350 (11.5%) $291,849 (12.5%) 0.00 74
    2020-05-01 $269,900 (15.9%) $273,642 (6.1%) 0.00 84
    2020-06-01 $288,800 (25.6%) $287,749 (8.4%) 0.00 64
    2020-07-01 $288,800 (25.6%) $299,038 (16.5%) 0.00 54
    2020-08-01 $284,900 (30.0%) $296,982 (15.5%) 0.00 57
    2020-09-01 $264,900 (26.6%) $272,666 (7.9%) 0.00 66
    2020-10-01 $270,000 (30.2%) $278,785 (12.8%) 0.00 70
    2020-11-01 $259,250 (15.2%) $281,531 (8.6%) 0.00 63
    2020-12-01 $259,000 (18.5%) $282,471 (11.6%) 0.00 57
    2021-01-01 $245,900 (-1.8%) $275,973 (5.1%) 0.00 47
    2021-02-01 $256,950 (-8.2%) $290,811 (5.9%) 0.00 30
    2021-03-01 $274,000 (-2.1%) $278,175 (-1.2%) 0.00 43
    2021-04-01 $274,000 (-3.6%) $279,075 (-4.4%) 0.00 45
    2021-05-01 $274,000 (1.5%) $299,552 (9.5%) 0.00 41
    2021-06-01 $286,000 (-1.0%) $306,082 (6.4%) 0.00 46
    2021-07-01 $286,000 (-1.0%) $314,047 (5.0%) 0.00 53
    2021-08-01 $280,500 (-1.5%) $289,824 (-2.4%) 0.00 53
    2021-09-01 $237,500 (-10.3%) $271,511 (-0.4%) 0.00 48
    2021-10-01 $235,000 (-13.0%) $262,564 (-5.8%) 0.00 67
    2021-11-01 $264,900 (2.2%) $286,087 (1.6%) 0.00 79
    2021-12-01 $287,400 (11.0%) $303,557 (7.5%) 0.00 70
    2022-01-01 $279,700 (13.8%) $305,870 (10.8%) 0.00 65
    2022-02-01 $275,000 (7.0%) $303,122 (4.2%) 0.00 51
    2022-03-01 $277,450 (1.3%) $317,738 (14.2%) 0.00 44
    2022-04-01 $335,000 (22.3%) $361,648 (29.6%) 0.00 56
    2022-05-01 $292,500 (6.8%) $345,853 (15.5%) 0.00 68
    Columbus's median listing price for 2022-05-01 was $292,500, a difference of $18,500 (6.8%) versus the prior year and $-42,500 versus the prior month.

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

    Columbus's average listing price for 2022-05-01 was $345,853, a difference of $46,301 (15.5%) versus the prior year and $-15,795 versus the prior month.

    For the 2022-05-01 period, Columbus had 68 MLS listings, a difference of 12 listings (21%) versus the prior month and 27 listings (66%) 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 1,616 sqft
    2018-02-01 0 days 1,527 sqft
    2018-03-01 0 days 1,416 sqft
    2018-04-01 0 days 1,470 sqft
    2018-05-01 0 days 1,516 sqft
    2018-06-01 0 days 1,568 sqft
    2018-07-01 0 days 1,594 sqft
    2018-08-01 0 days 1,530 sqft
    2018-09-01 0 days 1,544 sqft
    2018-10-01 0 days 1,751 sqft
    2018-11-01 0 days 1,643 sqft
    2018-12-01 0 days 1,568 sqft
    2019-01-01 0 days 1,655 sqft
    2019-02-01 0 days 1,650 sqft
    2019-03-01 0 days 1,650 sqft
    2019-04-01 0 days 1,650 sqft
    2019-05-01 0 days 1,728 sqft
    2019-06-01 0 days 1,740 sqft
    2019-07-01 0 days 1,695 sqft
    2019-08-01 0 days 1,708 sqft
    2019-09-01 0 days 1,658 sqft
    2019-10-01 0 days 1,567 sqft
    2019-11-01 0 days 1,666 sqft
    2019-12-01 0 days 1,688 sqft
    2020-01-01 0 days 1,688 sqft
    2020-02-01 0 days 1,716 sqft
    2020-03-01 0 days 1,685 sqft
    2020-04-01 0 days 1,786 sqft
    2020-05-01 0 days 1,776 sqft
    2020-06-01 0 days 1,819 sqft
    2020-07-01 0 days 1,861 sqft
    2020-08-01 0 days 1,861 sqft
    2020-09-01 0 days 1,843 sqft
    2020-10-01 0 days 1,644 sqft
    2020-11-01 0 days 1,672 sqft
    2020-12-01 0 days 1,650 sqft
    2021-01-01 0 days 1,667 sqft
    2021-02-01 0 days 1,502 sqft
    2021-03-01 0 days 1,515 sqft
    2021-04-01 0 days 1,442 sqft
    2021-05-01 0 days 1,427 sqft
    2021-06-01 0 days 1,583 sqft
    2021-07-01 0 days 1,562 sqft
    2021-08-01 0 days 1,427 sqft
    2021-09-01 0 days 1,383 sqft
    2021-10-01 0 days 1,440 sqft
    2021-11-01 0 days 1,456 sqft
    2021-12-01 0 days 1,520 sqft
    2022-01-01 0 days 1,456 sqft
    2022-02-01 0 days 1,456 sqft
    2022-03-01 0 days 1,519 sqft
    2022-04-01 0 days 1,669 sqft
    2022-05-01 0 days 1,603 sqft
    Columbus's median listing age (time on market) for 2022-05-01 was 0 days.

    Columbus's median square footage for active listings during the 2022-05-01 period was 1,603 sqft. One year prior, the average listing was 1,427 sqft.