Columbus Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Columbus averaged 6.83% for the week of 2023-09-14, compared to the national average of 7.18% for the same period.

    The average rate for the prior week (2023-09-07) was 6.97% and one month ago for the week of 2023-08-10, the average rate was 6.61%.

    Columbus's average rate one year ago was 5.84%.

    For refis of the same type during the week of 2023-09-14, the average rate was 7.48%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-09-14 7.18%
    Columbus 30 Year Fixed Rate 2023-09-14 6.83%
    Columbus 30 Year Fixed Rate Refi 2023-09-14 7.48%
    Columbus 15 Year Fixed Rate 2023-09-14 6.61%
    Columbus 15 Year Fixed Rate Refi 2023-09-14 6.81%
    Columbus 30 Year FHA 2023-09-14 6.65%
    Columbus 30 Year FHA Refi 2023-09-14 6.79%
    Columbus 30 Year USDA 2023-09-14 7.18%
    Columbus 30 Year USDA Refi 2023-09-14 6.88%
    Columbus 30 Year VA 2023-09-14 7.01%
    Columbus 30 Year VA Refi 2023-09-14 6.91%
    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 lender, 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    U.S. Bank 44 5.34% $2,846
    CHARTER WEST BANK 43 4.99% $3,306
    Pinnacle Bank 40 4.63% $2,611
    West Gate Bank 26 5.26% $2,483
    Plains Commerce Bank 22 5.15% $2,764
    First National Bank of Omaha 19 4.73% $2,965
    QUICKEN LOANS, LLC 14 5.12% $4,587
    First Nebraska Bank 9 5.60% $1,906
    Farm Credit Mid-America, ACA 8 4.99% $7,874
    UNITED WHOLESALE MORTGAGE, LLC 7 5.60% $3,372
    Wells Fargo Bank 5 5.13% $3,717
    FREEDOM MORTGAGE CORPORATION 5 3.73% $3,490
    Frontier Bank 4 5.47% $3,706
    CMG MORTGAGE, INC. 4 5.72% $5,080
    Bank of the West 4 4.13% $3,820
    LOANDEPOT.COM, LLC 2 5.81% $5,827
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.99% $9,260
    Prosperity Home Mortgage, LLC 1 4.00% $4,779
    Regent Financial Group, Inc. 1 4.50% $3,842
    RUOFF MORTGAGE COMPANY, INC. 1 5.13% $6,211
    Union Bank and Trust Company 1 4.00% $2,858
    Ixonia Bank 1 5.63% $4,067
    AMERICAN FINANCING CORPORATION 1 6.99% $4,354
    CENTENNIAL LENDING, LLC 1 4.63% $4,381
    Citizens Bank 1 5.38% $3,447
    Colonial Savings, F.A. 1 3.50% $5,265
    CROSSCOUNTRY MORTGAGE, LLC 1 6.38% $2,587
    Fidelity Bank 1 5.25% $3,686
    First Federal Bank of Kansas City 1 4.38% $6,231
    First State Bank of St. Charles, Missouri 1 4.63% $3,501
    Flagstar Bank, FSB 1 5.88% $5,244
    Adams Bank & Trust 1 5.50% $3,058
    JPMorgan Chase Bank 1 5.13% $0
    KeyBank 1 5.13% $1,601
    Lincoln FSB of Nebraska 1 2.75% $13,551
    Mortgage Research Center, LLC 1 6.99% $2,714
    Mr. Cooper ( Nationstar Mortgage ) 1 5.49% $7,011

    Columbus Average Closing Costs & Other Stats

    Columbus, NE's 37 lenders originated 706 loans during 2022. The total origination value was $160,140,000, with an average loan value of $226,827.

    Columbus's average closing costs are $3,776.

    The top Columbus lender as defined by loan originations is U.S. Bank, with 44 loans originated. Their average total fees are $2,846, which is $460 lower than the next largest lender, CHARTER WEST BANK.

    The lowest fee Columbus lenders (with over 10 loans originated) are West Gate Bank ($2,483), Pinnacle Bank ($2,611), Plains Commerce Bank ($2,764), U.S. Bank ($2,846) and First National Bank of Omaha ($2,965).

    The lowest rate Columbus lenders (with over 10 loans originated) are Pinnacle Bank (4.63%), First National Bank of Omaha (4.73%), CHARTER WEST BANK (4.99%), QUICKEN LOANS, LLC (5.12%) and Plains Commerce Bank (5.15%).

    Columbus, NE 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    Pinnacle Bank $41,120,000 $31,800,000 -22.7% 19.9%
    CHARTER WEST BANK $27,025,000 $17,715,000 -34.4% 11.1%
    Union Bank and Trust Company $1,045,000 $15,280,000 1,362.2% 9.5%
    U.S. Bank $19,545,000 $14,470,000 -26.0% 9.0%
    Plains Commerce Bank $19,630,000 $12,050,000 -38.6% 7.5%
    First National Bank of Omaha $13,655,000 $10,330,000 -24.4% 6.5%
    West Gate Bank $12,305,000 $7,815,000 -36.5% 4.9%
    QUICKEN LOANS, LLC $12,545,000 $5,380,000 -57.1% 3.4%
    Farm Credit Mid-America, ACA $1,345,000 $4,330,000 221.9% 2.7%
    GREENSTATE CREDIT UNION $3,155,000 n/a 2.0%
    First Nebraska Bank $8,090,000 $3,055,000 -62.2% 1.9%
    UNITED WHOLESALE MORTGAGE, LLC $880,000 $2,530,000 187.5% 1.6%
    FREEDOM MORTGAGE CORPORATION $4,395,000 $2,065,000 -53.0% 1.3%
    Wells Fargo Bank $3,660,000 $2,060,000 -43.7% 1.3%
    Frontier Bank $1,505,000 $1,980,000 31.6% 1.2%
    CMG MORTGAGE, INC. $925,000 $1,970,000 113.0% 1.2%
    Washington County Bank $1,645,000 n/a 1.0%
    Mortgage Research Center, LLC $1,995,000 $1,355,000 -32.1% 0.8%
    NEWREZ LLC $820,000 $1,245,000 51.8% 0.8%
    Cornerstone Bank $895,000 $1,180,000 31.8% 0.7%
    The Federal Savings Bank $1,110,000 n/a 0.7%
    Citizens Bank $390,000 $1,080,000 176.9% 0.7%
    Regent Financial Group, Inc. $300,000 $1,025,000 241.7% 0.6%
    BankFirst $1,570,000 $940,000 -40.1% 0.6%
    LOANDEPOT.COM, LLC $1,730,000 $905,000 -47.7% 0.6%
    MUTUAL OF OMAHA MORTGAGE, INC. $680,000 $790,000 16.2% 0.5%
    Mr. Cooper ( Nationstar Mortgage ) $680,000 $760,000 11.8% 0.5%
    PENNYMAC LOAN SERVICES, LLC $1,255,000 $760,000 -39.4% 0.5%
    Bank of the West $1,755,000 $720,000 -59.0% 0.4%
    Adams Bank & Trust $1,275,000 $710,000 -44.3% 0.4%
    Lincoln FSB of Nebraska $520,000 $595,000 14.4% 0.4%
    CHURCHILL MORTGAGE CORPORATION $825,000 $555,000 -32.7% 0.3%
    First State Bank of St. Charles, Missouri $355,000 $540,000 52.1% 0.3%
    JPMorgan Chase Bank $310,000 $480,000 54.8% 0.3%
    FINANCE OF AMERICA MORTGAGE LLC $465,000 n/a 0.3%
    First Interstate Bank $455,000 n/a 0.3%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $2,635,000 $380,000 -85.6% 0.2%
    Colonial Savings, F.A. $135,000 $355,000 163.0% 0.2%
    NOVA FINANCIAL & INVESTMENT CORPORATION $440,000 $355,000 -19.3% 0.2%
    GERSHMAN INVESTMENT CORP. $350,000 n/a 0.2%
    Central National Bank $180,000 $325,000 80.6% 0.2%
    Great Western Bank $2,150,000 $295,000 -86.3% 0.2%
    Glenwood State Bank $290,000 n/a 0.2%
    CROSSCOUNTRY MORTGAGE, LLC $285,000 n/a 0.2%
    Flagstar Bank, FSB $280,000 n/a 0.2%
    First National Bank Texas $265,000 n/a 0.2%
    First Federal Bank of Kansas City $255,000 n/a 0.2%
    NAVY FEDERAL CREDIT UNION $245,000 n/a 0.2%
    KeyBank $225,000 n/a 0.1%
    Prosperity Home Mortgage, LLC $195,000 n/a 0.1%
    TRIAD FINANCIAL SERVICES, INC. $195,000 n/a 0.1%
    VERIDIAN CREDIT UNION $390,000 $195,000 -50.0% 0.1%
    HOME POINT FINANCIAL CORPORATION $575,000 $185,000 -67.8% 0.1%
    Ally Bank $360,000 $175,000 -51.4% 0.1%
    AMCAP MORTGAGE, LTD. $175,000 n/a 0.1%
    Core Bank $175,000 n/a 0.1%
    POLARIS HOME FUNDING CORP. $175,000 n/a 0.1%
    BROKER SOLUTIONS, INC. $565,000 $165,000 -70.8% 0.1%
    CENTENNIAL LENDING, LLC $155,000 n/a 0.1%
    Carrington Mortgage Services, LLC $140,000 $135,000 -3.6% 0.1%
    Fidelity Bank $135,000 n/a 0.1%
    Dacotah Bank $125,000 n/a 0.1%
    Figure Lending LLC $115,000 n/a 0.1%
    RUOFF MORTGAGE COMPANY, INC. $115,000 n/a 0.1%
    AMERICAN ADVISORS GROUP $95,000 $90,000 -5.3% 0.1%
    Arvest Bank $65,000 n/a 0.0%
    Ixonia Bank $65,000 n/a 0.0%
    Discover Bank $105,000 $55,000 -47.6% 0.0%
    FOUR POINTS $485,000 $55,000 -88.7% 0.0%
    PNC Bank $250,000 $55,000 -78.0% 0.0%
    SPRING EQ, LLC $55,000 n/a 0.0%
    AMERICAN FINANCING CORPORATION $45,000 n/a 0.0%
    Baxter Credit Union $265,000 $35,000 -86.8% 0.0%

    Columbus's top lender by overall market share is Pinnacle Bank, with 19.9% market share. In second place, with 11.1%, is CHARTER WEST BANK, having originated $17,715,000 in loans. In third place, with 9.5%, is Union Bank and Trust Company, having originated $15,280,000 in loans. In fourth place, with 9.0%, is U.S. Bank, having originated $14,470,000 in loans. In fifth place, with 7.5%, is Plains Commerce Bank, having originated $12,050,000 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 $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
    Columbus's median listing price for 2023-08-01 was $318,700, a difference of $33,700 (11.8%) versus the prior year and $11,700 versus the prior month.

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

    Columbus's average listing price for 2023-08-01 was $352,952, a difference of $24,260 (7.4%) versus the prior year and $-3,918 versus the prior month.

    For the 2023-08-01 period, Columbus had 75 MLS listings, a difference of 16 listings (27%) versus the prior month and 4 listings (6%) 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 1,760 sqft
    2018-11-01 0 days 1,667 sqft
    2018-12-01 0 days 1,644 sqft
    2019-01-01 0 days 1,735 sqft
    2019-02-01 0 days 1,702 sqft
    2019-03-01 0 days 1,685 sqft
    2019-04-01 0 days 1,698 sqft
    2019-05-01 0 days 1,722 sqft
    2019-06-01 0 days 1,731 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 1,699 sqft
    2020-01-01 0 days 1,719 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 1,732 sqft
    2020-10-01 0 days 1,621 sqft
    2020-11-01 0 days 1,649 sqft
    2020-12-01 0 days 1,647 sqft
    2021-01-01 0 days 1,662 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 1,456 sqft
    2021-11-01 0 days 1,460 sqft
    2021-12-01 0 days 1,539 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 1,452 sqft
    2022-11-01 0 days 1,544 sqft
    2022-12-01 0 days 1,449 sqft
    2023-01-01 0 days 1,440 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
    Columbus's median listing age (time on market) for 2023-08-01 was 0 days.

    Columbus's median square footage for active listings during the 2023-08-01 period was 1,531 sqft. One year prior, the average listing was 1,547 sqft.

    Columbus, NE Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 426 $101,710,000 $238,756
    Cash Out Refi 100 $21,530,000 $215,300
    Refi 88 $29,700,000 $337,500
    Home Improvement 57 $3,865,000 $67,807
    Other 35 $3,335,000 $95,286

    Columbus's most frequently cited loan purpose was Home Purchase, with 426 originations. The 2nd most popular reason was Cash Out Refi, with 100 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    4-5% 188 $40,060,000 $213,085
    5-6% 174 $36,970,000 $212,471
    3-4% 153 $48,755,000 $318,660
    6-7% 99 $18,195,000 $183,788
    7-8% 26 $4,920,000 $189,231
    2.5-3% 26 $5,020,000 $193,077
    <2.5% 25 $3,045,000 $121,800
    Over 8% 8 $300,000 $37,500

    During 2022, Columbus's most frequently originated rate bucket was 4-5%, with 188 originations.

    Loan Sizing (Columbus, NE MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 284 $43,760,000 $154,085
    $200k-400k 235 $64,095,000 $272,745
    $100,000 or less 143 $7,285,000 $50,944
    $400k-600k 26 $12,560,000 $483,077
    $600k-1000k 14 $10,260,000 $732,857
    $Over $1MM 4 $22,180,000 $5,545,000

    Columbus's loan sizing saw the bucket of loans from $100k-200k with 284 originations, totaling $43,760,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 302 $70,780,000 $234,371
    60-80% 172 $56,570,000 $328,895
    Under 20% 75 $4,515,000 $60,200
    20-40% 72 $11,990,000 $166,528
    40-60% 71 $11,565,000 $162,887
    Over 100% 6 $1,790,000 $298,333

    Columbus's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 302 originations, totaling $70,780,000 in origination value.