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 6.97% for the week of 2024-04-11, compared to the national average of 6.88% for the same period.

    The average rate for the prior week (2024-04-04) was 7.01% and one month ago for the week of 2024-03-07, the average rate was 6.87%.

    Columbus's average rate one year ago was 6.07%.

    For refis of the same type during the week of 2024-04-11, the average rate was 6.98%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-11 6.88%
    Columbus 30 Year Fixed Rate 2024-04-11 6.97%
    Columbus 30 Year Fixed Rate Refi 2024-04-11 6.98%
    Columbus 15 Year Fixed Rate 2024-04-11 6.16%
    Columbus 15 Year Fixed Rate Refi 2024-04-11 6.46%
    Columbus 30 Year FHA 2024-04-11 6.91%
    Columbus 30 Year FHA Refi 2024-04-11 6.74%
    Columbus 30 Year USDA 2024-04-11 6.51%
    Columbus 30 Year USDA Refi 2024-04-11 6.51%
    Columbus 30 Year VA 2024-04-11 6.77%
    Columbus 30 Year VA Refi 2024-04-11 6.77%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CHARTER WEST BANK 32 6.82% $3,500
    Pinnacle Bank 29 6.61% $2,838
    First National Bank of Omaha 20 6.56% $3,140
    UNITED WHOLESALE MORTGAGE, LLC 16 7.01% $4,084
    U.S. Bank 15 6.48% $2,721
    West Gate Bank 11 7.11% $2,382
    Plains Commerce Bank 8 6.97% $4,593
    QUICKEN LOANS, LLC 5 7.02% $8,985
    GUARANTEED RATE, INC. 2 6.89% $3,460
    HOMESIDE FINANCIAL, LLC 2 6.94% $3,247
    JPMorgan Chase Bank 2 7.18% $3,690
    Mortgage Research Center, LLC 2 7.19% $2,520
    Flagstar Bank, FSB 1 6.07% $5,511
    FOUR POINTS 1 5.63% $1,003
    Frontier Bank 1 6.38% $3,292
    Gateway First Bank 1 6.00% $3,048
    AMERISAVE MORTGAGE CORPORATION 1 7.99% $4,187
    Carrington Mortgage Services, LLC 1 5.88% $5,980
    Baxter Credit Union 1 6.13% $1,965
    Meridian Trust Federal Credit Union 1 7.00% $6,097
    Barrington Bank & Trust Company, N.A. 1 6.25% $8,183
    NAVY FEDERAL CREDIT UNION 1 7.50% $1,355
    Paramount Residential Mortgage Group, Inc. 1 6.63% $7,095
    PENNYMAC LOAN SERVICES, LLC 1 7.62% $8,093
    CMG MORTGAGE, INC. 1 8.00% $5,821
    Citizens Bank 1 6.63% $8,752
    Central National Bank 1 6.88% $636
    Regent Financial Group, Inc. 1 7.13% $3,578
    SIRVA MORTGAGE, INC. 1 6.25% $0
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $3,620
    Farmers Bank & Trust 1 6.75% $1,262
    Discover Bank 1 5.99% $0

    Columbus Average Closing Costs & Other Stats

    Columbus, NE's 32 lenders originated 514 loans during 2023. The total origination value was $95,430,000, with an average loan value of $185,661.

    Columbus's average closing costs are $3,980.

    The top Columbus lender as defined by loan originations is CHARTER WEST BANK, with 32 loans originated. Their average total fees are $3,500, which is $662 higher than the next largest lender, Pinnacle Bank.

    The lowest fee Columbus lenders (with over 10 loans originated) are West Gate Bank ($2,382), U.S. Bank ($2,721), Pinnacle Bank ($2,838), First National Bank of Omaha ($3,140) and CHARTER WEST BANK ($3,500).

    The lowest rate Columbus lenders (with over 10 loans originated) are U.S. Bank (6.48%), First National Bank of Omaha (6.56%), Pinnacle Bank (6.61%), CHARTER WEST BANK (6.82%) and UNITED WHOLESALE MORTGAGE, LLC (7.01%).

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    Pinnacle Bank $31,800,000 $23,310,000 -26.7% 24.4%
    CHARTER WEST BANK $17,715,000 $16,155,000 -8.8% 16.9%
    First National Bank of Omaha $10,330,000 $7,695,000 -25.5% 8.1%
    UNITED WHOLESALE MORTGAGE, LLC $2,530,000 $6,720,000 165.6% 7.0%
    U.S. Bank $14,470,000 $5,145,000 -64.4% 5.4%
    Plains Commerce Bank $12,050,000 $4,380,000 -63.7% 4.6%
    QUICKEN LOANS, LLC $5,380,000 $2,845,000 -47.1% 3.0%
    West Gate Bank $7,815,000 $2,495,000 -68.1% 2.6%
    BankFirst $940,000 $2,205,000 134.6% 2.3%
    First Nebraska Bank $3,055,000 $1,805,000 -40.9% 1.9%
    Mortgage Research Center, LLC $1,355,000 $1,630,000 20.3% 1.7%
    FREEDOM MORTGAGE CORPORATION $2,065,000 $1,095,000 -47.0% 1.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $380,000 $1,010,000 165.8% 1.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,005,000 n/a 1.1%
    Baxter Credit Union $35,000 $925,000 2,542.9% 1.0%
    HOMESIDE FINANCIAL, LLC $915,000 n/a 1.0%
    SIRVA MORTGAGE, INC. $880,000 n/a 0.9%
    BROKER SOLUTIONS, INC. $165,000 $815,000 393.9% 0.9%
    Frontier Bank $1,980,000 $750,000 -62.1% 0.8%
    GUARANTEED RATE, INC. $685,000 n/a 0.7%
    LIBERTY FIRST $635,000 n/a 0.7%
    The Federal Savings Bank $1,110,000 $620,000 -44.1% 0.6%
    CITY BANK & TRUST CO. $490,000 n/a 0.5%
    Carrington Mortgage Services, LLC $135,000 $465,000 244.4% 0.5%
    Regent Financial Group, Inc. $1,025,000 $455,000 -55.6% 0.5%
    JPMorgan Chase Bank $480,000 $450,000 -6.3% 0.5%
    Discover Bank $55,000 $440,000 700.0% 0.5%
    Central National Bank $325,000 $380,000 16.9% 0.4%
    PENNYMAC LOAN SERVICES, LLC $760,000 $370,000 -51.3% 0.4%
    Union Bank and Trust Company $15,280,000 $370,000 -97.6% 0.4%
    Old National Bank $365,000 n/a 0.4%
    LOANDEPOT.COM, LLC $905,000 $360,000 -60.2% 0.4%
    MUTUAL OF OMAHA MORTGAGE, INC. $790,000 $360,000 -54.4% 0.4%
    Mr. Cooper ( Nationstar Mortgage ) $760,000 $345,000 -54.6% 0.4%
    AMERISAVE MORTGAGE CORPORATION $330,000 n/a 0.3%
    Farmers Bank & Trust $315,000 n/a 0.3%
    Flagstar Bank, FSB $280,000 $315,000 12.5% 0.3%
    Meridian Trust Federal Credit Union $305,000 n/a 0.3%
    CMG MORTGAGE, INC. $1,970,000 $295,000 -85.0% 0.3%
    Citizens Bank $1,080,000 $290,000 -73.1% 0.3%
    First Interstate Bank $455,000 $275,000 -39.6% 0.3%
    First Federal Bank $255,000 n/a 0.3%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $255,000 n/a 0.3%
    Prosperity Home Mortgage, LLC $195,000 $255,000 30.8% 0.3%
    Bank of the West $720,000 $245,000 -66.0% 0.3%
    NEWREZ LLC $1,245,000 $235,000 -81.1% 0.2%
    NAVY FEDERAL CREDIT UNION $245,000 $205,000 -16.3% 0.2%
    Paramount Residential Mortgage Group, Inc. $195,000 n/a 0.2%
    Cornerstone Bank $1,180,000 $185,000 -84.3% 0.2%
    PLAZA HOME MORTGAGE, INC. $185,000 n/a 0.2%
    MORIA DEVELOPMENT, INC. $170,000 n/a 0.2%
    RELIANCE FIRST CAPITAL, LLC $165,000 n/a 0.2%
    Wells Fargo Bank $2,060,000 $165,000 -92.0% 0.2%
    Barrington Bank & Trust Company, N.A. $145,000 n/a 0.2%
    Coastal Community Bank $145,000 n/a 0.2%
    Figure Lending LLC $115,000 $145,000 26.1% 0.2%
    FOUR POINTS $55,000 $120,000 118.2% 0.1%
    BMO Harris Bank $110,000 n/a 0.1%
    Gateway First Bank $95,000 n/a 0.1%
    FINANCE OF AMERICA REVERSE LLC $85,000 n/a 0.1%
    LONGBRIDGE FINANCIAL, LLC $45,000 n/a 0.0%
    VERIDIAN CREDIT UNION $195,000 $45,000 -76.9% 0.0%
    PNC Bank $55,000 $35,000 -36.4% 0.0%
    FirstBank of Nebraska $15,000 n/a 0.0%

    Columbus's top lender by overall market share is Pinnacle Bank, with 24.4% market share. In second place, with 16.9%, is CHARTER WEST BANK, having originated $16,155,000 in loans. In third place, with 8.1%, is First National Bank of Omaha, having originated $7,695,000 in loans. In fourth place, with 7.0%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $6,720,000 in loans. In fifth place, with 5.4%, is U.S. Bank, having originated $5,145,000 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
    2023-09-01 $301,500 (-1.0%) $347,264 (3.0%) 0.00 75
    2023-10-01 $314,725 (6.2%) $346,856 (6.6%) 0.00 81
    2023-11-01 $319,450 (7.9%) $343,443 (2.8%) 0.00 76
    2023-12-01 $330,950 (16.1%) $339,962 (7.6%) 0.00 74
    2024-01-01 $299,725 (5.2%) $322,737 (2.0%) 0.00 76
    2024-02-01 $284,925 (0.0%) $315,045 (-2.8%) 0.00 73
    2024-03-01 $289,900 (-3.0%) $315,156 (-3.1%) 0.00 77
    Columbus's median listing price for 2024-03-01 was $289,900, a difference of $-9,100 (-3.0%) versus the prior year and $4,975 versus the prior month.

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

    Columbus's average listing price for 2024-03-01 was $315,156, a difference of $-9,996 (-3.1%) versus the prior year and $111 versus the prior month.

    For the 2024-03-01 period, Columbus had 77 MLS listings, a difference of 4 listings (5%) versus the prior month and 18 listings (31%) 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 1,751 sqft
    2018-11-01 0 days 1,652 sqft
    2018-12-01 0 days 1,643 sqft
    2019-01-01 0 days 1,725 sqft
    2019-02-01 0 days 1,694 sqft
    2019-03-01 0 days 1,676 sqft
    2019-04-01 0 days 1,682 sqft
    2019-05-01 0 days 1,717 sqft
    2019-06-01 0 days 1,730 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 1,752 sqft
    2020-10-01 0 days 1,633 sqft
    2020-11-01 0 days 1,651 sqft
    2020-12-01 0 days 1,650 sqft
    2021-01-01 0 days 1,667 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 1,440 sqft
    2021-11-01 0 days 1,460 sqft
    2021-12-01 0 days 1,518 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 1,476 sqft
    2022-11-01 0 days 1,550 sqft
    2022-12-01 0 days 1,452 sqft
    2023-01-01 0 days 1,446 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
    2023-09-01 0 days 1,499 sqft
    2023-10-01 0 days 1,555 sqft
    2023-11-01 0 days 1,505 sqft
    2023-12-01 0 days 1,536 sqft
    2024-01-01 0 days 1,500 sqft
    2024-02-01 0 days 1,427 sqft
    2024-03-01 0 days 1,492 sqft
    Columbus's median listing age (time on market) for 2024-03-01 was 0 days.

    Columbus's median square footage for active listings during the 2024-03-01 period was 1,492 sqft. One year prior, the average listing was 1,443 sqft.

    Columbus, NE Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 344 $76,760,000 $223,140
    Home Improvement 51 $2,835,000 $55,588
    Cash Out Refi 44 $7,620,000 $173,182
    Refi 38 $5,920,000 $155,789
    Other 37 $2,295,000 $62,027

    Columbus's most frequently cited loan purpose was Home Purchase, with 344 originations. The 2nd most popular reason was Home Improvement, with 51 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 192 $43,930,000 $228,802
    7-8% 149 $26,465,000 $177,617
    Over 8% 76 $6,650,000 $87,500
    5-6% 53 $12,705,000 $239,717
    <2.5% 13 $145,000 $11,154

    During 2023, Columbus's most frequently originated rate bucket was 6-7%, with 192 originations.

    Loan Sizing (Columbus, NE MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 194 $50,480,000 $260,206
    $100k-200k 162 $24,740,000 $152,716
    $100,000 or less 128 $5,910,000 $46,172
    $400k-600k 27 $12,155,000 $450,185
    $600k-1000k 3 $2,145,000 $715,000

    Columbus's loan sizing saw the bucket of loans from $200k-400k with 194 originations, totaling $50,480,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 225 $54,835,000 $243,711
    60-80% 95 $19,305,000 $203,211
    Under 20% 69 $2,755,000 $39,928
    20-40% 49 $4,175,000 $85,204
    40-60% 44 $8,440,000 $191,818
    Over 100% 1 $385,000 $385,000

    Columbus's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 225 originations, totaling $54,835,000 in origination value.