Columbus Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Columbus averaged
6.75%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
6.58% and
one month ago for the week of 2023-02-09, the
average rate was 6.17%.
Columbus's average rate one year ago was 3.9%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.63%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
Columbus 30 Year Fixed Rate | 2023-03-16 | 6.75% |
Columbus 30 Year Fixed Rate Refi | 2023-03-16 | 6.63% |
Columbus 15 Year Fixed Rate | 2023-03-16 | 6.24% |
Columbus 15 Year Fixed Rate Refi | 2023-03-16 | 5.92% |
Columbus 30 Year FHA | 2023-03-16 | 6.48% |
Columbus 30 Year FHA Refi | 2023-03-16 | 6.48% |
Columbus 30 Year USDA | 2023-03-16 | 6.14% |
Columbus 30 Year USDA Refi | 2023-03-16 | 7.29% |
Columbus 30 Year VA | 2023-03-16 | 6.5% |
Columbus 30 Year VA Refi | 2023-03-16 | 5.86% |
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.).
Columbus Average Closing Costs & Other Stats
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.
Columbus's average closing costs are $3,527.
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 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 | 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 fourth place, with 9.6%, is U.S. Bank, having originated $19,545,000 in loans. In fifth place, with 6.7%, is First National Bank of Omaha, having originated $13,655,000 in loans.
Columbus Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Columbus (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
Columbus's median listing price comes in at 0% of the national average.
Columbus's average listing price for 2023-02-01 was $324,100, a difference of $34,799 (12.0%) versus the prior year and $7,770 versus the prior month.
For the 2023-02-01 period, Columbus had 63 MLS listings, a difference of -4 listings (-6%) versus the prior month and 21 listings (50%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Columbus (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,554 sqft |
2018-02-01 | 0 days | 1,527 sqft |
2018-03-01 | 0 days | 1,452 sqft |
2018-04-01 | 0 days | 1,481 sqft |
2018-05-01 | 0 days | 1,524 sqft |
2018-06-01 | 0 days | 1,577 sqft |
2018-07-01 | 0 days | 1,557 sqft |
2018-08-01 | 0 days | 1,529 sqft |
2018-09-01 | 0 days | 1,544 sqft |
2018-10-01 | 0 days | 1,770 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 | 1,714 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 | 1,732 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 | 1,532 sqft |
2021-04-01 | 0 days | 1,516 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 | 1,456 sqft |
2021-12-01 | 0 days | 1,518 sqft |
2022-01-01 | 0 days | 1,456 sqft |
2022-02-01 | 0 days | 1,446 sqft |
2022-03-01 | 0 days | 1,446 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 |
Columbus's median square footage for active listings during the 2023-02-01 period was 1,431 sqft. One year prior, the average listing was 1,446 sqft.
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.