Branson FHA Loan Rates, Closing Costs & Stats

Branson, MO

FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

For additional requirements as defined by the FHA, click here.

Branson's 39 lenders originated 118 FHA loans during 2023. The total origination value was $23,080,000, with an average FHA loan value of $195,593.

Branson FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Branson averaged 6.75% for the week of 2024-06-07, compared to the national average (all FHA variants) of 6.692% for the same period.

Branson's average FHA mortgage closing costs are $6,293.

The average rate for the prior week (2024-05-31) was 6.83% and one month ago for the week of 2024-05-03, the average rate was 7.23%.

The average rate one year ago was 6.7%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.69%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Branson FHA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Branson level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
FLAT BRANCH MORTGAGE, INC. 14 6.84% $8,818
The Central Trust Bank 12 6.92% $7,024
QUICKEN LOANS, LLC 10 6.24% $11,130
GERSHMAN INVESTMENT CORP. 7 7.07% $7,252
PRIMELENDING, A PLAINSCAPITAL COMPANY 6 7.15% $7,870
CARDINAL FINANCIAL 6 6.81% $9,587
UNITED WHOLESALE MORTGAGE, LLC 5 6.16% $15,325
DAS Acquisition Company, LLC 5 6.55% $6,795
BROKER SOLUTIONS, INC. 4 6.72% $9,235
GUILD MORTGAGE COMPANY 3 6.63% $7,719
Mortgage Research Center, LLC 3 6.50% $6,867
PENNYMAC LOAN SERVICES, LLC 3 6.17% $9,395
FREEDOM MORTGAGE CORPORATION 2 6.81% $9,681
Mr. Cooper ( Nationstar Mortgage ) 2 6.81% $15,810
Regions Bank 2 7.00% $4,561
LOANDEPOT.COM, LLC 2 6.62% $8,222
NEWREZ LLC 1 6.25% $16,517
Paramount Residential Mortgage Group, Inc. 1 6.13% $13,066
Plains Commerce Bank 1 5.75% $6,870
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.25% $12,618
ROYAL UNITED MORTGAGE LLC 1 6.63% $8,976
TOP FLITE FINANCIAL, INC. 1 6.75% $11,576
AMERICAN FINANCING CORPORATION 1 6.63% $13,930
U.S. Bank 1 5.63% $7,963
AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.25% $4,892
AMERISAVE MORTGAGE CORPORATION 1 6.25% $10,033
Arvest Bank 1 6.50% $6,924
BAYSHORE MORTGAGE FUNDING, LLC 1 6.75% $12,242
Carrington Mortgage Services, LLC 1 6.13% $16,593
Citizens Bank 1 6.63% $7,777
Commerce Bank 1 7.63% $3,643
GUARANTEED RATE, INC. 1 6.25% $9,137
Hawthorn Bank 1 6.50% $6,886
LEADERONE FINANCIAL CORPORATION 1 6.50% $7,181
LOANPAL, LLC 1 5.50% $12,151
MID AMERICA MORTGAGE, INC. 1 6.75% $2,766
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.75% $7,343
MOVEMENT MORTGAGE, LLC 1 6.25% $6,747
MUTUAL OF OMAHA MORTGAGE, INC. 1 7.25% $7,730

The top Branson FHA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 14 FHA loans originated. Their average total fees are $8,818, which is $1,794 higher than the next largest lender, The Central Trust Bank.

The lowest fee Branson FHA lenders (with over 10 loans originated) are The Central Trust Bank ($7,024), FLAT BRANCH MORTGAGE, INC. ($8,818), QUICKEN LOANS, LLC ($11,130), .

The lowest rate Branson FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.24%), FLAT BRANCH MORTGAGE, INC. (6.84%), The Central Trust Bank (6.92%), .

Branson FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
BRANSON, MO TANEY 2022 $420,680 $538,650 $651,050 $809,150
BRANSON, MO TANEY 2023 $472,030 $604,400 $730,525 $907,900

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Branson (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 $177,250 (14.4%) $250,015 (13.7%) 0.00 693
2018-02-01 $179,900 (16.5%) $250,871 (14.9%) 0.00 678
2018-03-01 $179,900 (16.3%) $248,925 (14.1%) 0.00 705
2018-04-01 $181,950 (15.9%) $258,601 (15.6%) 0.00 734
2018-05-01 $187,350 (19.8%) $258,813 (14.2%) 0.00 739
2018-06-01 $189,900 (18.8%) $259,735 (12.5%) 0.00 758
2018-07-01 $190,475 (19.1%) $260,578 (11.9%) 0.00 774
2018-08-01 $189,000 (17.8%) $256,825 (8.9%) 0.00 791
2018-09-01 $185,000 (12.1%) $254,660 (6.0%) 0.00 759
2018-10-01 $183,625 (7.4%) $249,743 (0.5%) 0.00 758
2018-11-01 $188,525 (7.9%) $247,453 (-2.2%) 0.00 784
2018-12-01 $185,000 (5.7%) $240,080 (-6.9%) 0.00 771
2019-01-01 $186,950 (5.5%) $241,530 (-3.4%) 0.00 723
2019-02-01 $189,650 (5.4%) $244,447 (-2.6%) 0.00 721
2019-03-01 $194,186 (7.9%) $248,164 (-0.3%) 0.00 712
2019-04-01 $199,900 (9.9%) $251,163 (-2.9%) 0.00 718
2019-05-01 $199,450 (6.5%) $255,386 (-1.3%) 0.00 741
2019-06-01 $199,000 (4.8%) $256,308 (-1.3%) 0.00 771
2019-07-01 $199,900 (5.0%) $264,655 (1.6%) 0.00 770
2019-08-01 $200,782 (6.2%) $264,740 (3.1%) 0.00 754
2019-09-01 $198,655 (7.4%) $262,573 (3.1%) 0.00 734
2019-10-01 $194,750 (6.1%) $261,128 (4.6%) 0.00 711
2019-11-01 $197,000 (4.5%) $261,178 (5.6%) 0.00 675
2019-12-01 $189,900 (2.7%) $255,384 (6.4%) 0.00 675
2020-01-01 $191,450 (2.4%) $248,315 (2.8%) 0.00 613
2020-02-01 $197,900 (4.4%) $262,465 (7.4%) 0.00 625
2020-03-01 $199,925 (3.0%) $268,538 (8.2%) 0.00 616
2020-04-01 $197,500 (-1.2%) $268,500 (6.9%) 0.00 640
2020-05-01 $198,975 (-0.2%) $270,550 (5.9%) 0.00 624
2020-06-01 $198,175 (-0.4%) $274,868 (7.2%) 0.00 554
2020-07-01 $192,400 (-3.8%) $279,913 (5.8%) 0.00 513
2020-08-01 $199,700 (-0.5%) $304,045 (14.9%) 0.00 426
2020-09-01 $202,300 (1.8%) $304,094 (15.8%) 0.00 405
2020-10-01 $203,000 (4.2%) $320,802 (22.9%) 0.00 383
2020-11-01 $203,925 (3.5%) $326,140 (24.9%) 0.00 361
2020-12-01 $199,925 (5.3%) $321,162 (25.8%) 0.00 330
2021-01-01 $214,950 (12.3%) $317,260 (27.8%) 0.00 271
2021-02-01 $214,925 (8.6%) $307,239 (17.1%) 0.00 220
2021-03-01 $234,900 (17.5%) $372,435 (38.7%) 0.00 204
2021-04-01 $243,750 (23.4%) $399,384 (48.8%) 0.00 187
2021-05-01 $279,900 (40.7%) $452,195 (67.1%) 0.00 188
2021-06-01 $287,475 (45.1%) $452,491 (64.6%) 0.00 200
2021-07-01 $296,900 (54.3%) $445,612 (59.2%) 0.00 245
2021-08-01 $299,350 (49.9%) $434,995 (43.1%) 0.00 249
2021-09-01 $290,725 (43.7%) $462,462 (52.1%) 0.00 301
2021-10-01 $289,000 (42.4%) $481,918 (50.2%) 0.00 310
2021-11-01 $287,000 (40.7%) $513,061 (57.3%) 0.00 265
2021-12-01 $285,000 (42.6%) $575,204 (79.1%) 0.00 240
2022-01-01 $299,900 (39.5%) $603,054 (90.1%) 0.00 208
2022-02-01 $299,900 (39.5%) $564,761 (83.8%) 0.00 168
2022-03-01 $324,350 (38.1%) $633,121 (70.0%) 0.00 164
2022-04-01 $349,000 (43.2%) $620,533 (55.4%) 0.00 241
2022-05-01 $325,000 (16.1%) $578,810 (28.0%) 0.00 285
2022-06-01 $309,900 (7.8%) $504,690 (11.5%) 0.00 337
2022-07-01 $299,900 (1.0%) $480,687 (7.9%) 0.00 376
2022-08-01 $319,900 (6.9%) $507,198 (16.6%) 0.00 412
2022-09-01 $310,625 (6.8%) $493,198 (6.7%) 0.00 421
2022-10-01 $319,450 (10.5%) $481,987 (0.0%) 0.00 434
2022-11-01 $319,900 (11.5%) $453,759 (-11.6%) 0.00 435
2022-12-01 $339,900 (19.3%) $456,704 (-20.6%) 0.00 408
2023-01-01 $325,000 (8.4%) $454,370 (-24.7%) 0.00 359
2023-02-01 $329,225 (9.8%) $465,092 (-17.7%) 0.00 333
2023-03-01 $335,000 (3.3%) $467,441 (-26.2%) 0.00 348
2023-04-01 $320,000 (-8.3%) $440,743 (-29.0%) 0.00 395
2023-05-01 $320,000 (-1.5%) $462,255 (-20.1%) 0.00 395
2023-06-01 $321,750 (3.8%) $481,299 (-4.6%) 0.00 407
2023-07-01 $310,750 (3.6%) $466,987 (-2.9%) 0.00 409
2023-08-01 $319,725 (-0.1%) $482,613 (-4.9%) 0.00 416
2023-09-01 $299,950 (-3.4%) $472,374 (-4.2%) 0.00 437
2023-10-01 $301,975 (-5.5%) $464,732 (-3.6%) 0.00 493
2023-11-01 $300,000 (-6.2%) $453,268 (-0.1%) 0.00 522
2023-12-01 $299,900 (-11.8%) $442,201 (-3.2%) 0.00 526
2024-01-01 $294,925 (-9.3%) $434,747 (-4.3%) 0.00 497
2024-02-01 $286,975 (-12.8%) $428,022 (-8.0%) 0.00 520
2024-03-01 $280,000 (-16.4%) $418,647 (-10.4%) 0.00 555
2024-04-01 $279,000 (-12.8%) $411,602 (-6.6%) 0.00 615
2024-05-01 $276,750 (-13.5%) $403,333 (-12.8%) 0.00 668
Branson's median listing price for 2024-05-01 was $276,750, a difference of $-43,250 (-13.5%) versus the prior year and $-2,250 versus the prior month.

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

Branson's average listing price for 2024-05-01 was $403,333, a difference of $-58,922 (-12.8%) versus the prior year and $-8,269 versus the prior month.

For the 2024-05-01 period, Branson had 668 MLS listings, a difference of 53 listings (9%) versus the prior month and 273 listings (69%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Branson (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,756 sqft
2018-02-01 0 days 1,764 sqft
2018-03-01 0 days 1,757 sqft
2018-04-01 0 days 1,755 sqft
2018-05-01 0 days 1,758 sqft
2018-06-01 0 days 1,793 sqft
2018-07-01 0 days 1,810 sqft
2018-08-01 0 days 1,747 sqft
2018-09-01 0 days 1,714 sqft
2018-10-01 0 days 1,686 sqft
2018-11-01 0 days 1,691 sqft
2018-12-01 0 days 1,692 sqft
2019-01-01 0 days 1,690 sqft
2019-02-01 0 days 1,693 sqft
2019-03-01 0 days 1,718 sqft
2019-04-01 0 days 1,725 sqft
2019-05-01 0 days 1,700 sqft
2019-06-01 0 days 1,692 sqft
2019-07-01 0 days 1,698 sqft
2019-08-01 0 days 1,723 sqft
2019-09-01 0 days 1,705 sqft
2019-10-01 0 days 1,692 sqft
2019-11-01 0 days 1,692 sqft
2019-12-01 0 days 1,692 sqft
2020-01-01 0 days 1,677 sqft
2020-02-01 0 days 1,682 sqft
2020-03-01 0 days 1,696 sqft
2020-04-01 0 days 1,649 sqft
2020-05-01 0 days 1,637 sqft
2020-06-01 0 days 1,630 sqft
2020-07-01 0 days 1,600 sqft
2020-08-01 0 days 1,650 sqft
2020-09-01 0 days 1,570 sqft
2020-10-01 0 days 1,560 sqft
2020-11-01 0 days 1,613 sqft
2020-12-01 0 days 1,603 sqft
2021-01-01 0 days 1,625 sqft
2021-02-01 0 days 1,600 sqft
2021-03-01 0 days 1,650 sqft
2021-04-01 0 days 1,617 sqft
2021-05-01 0 days 1,650 sqft
2021-06-01 0 days 1,739 sqft
2021-07-01 0 days 1,888 sqft
2021-08-01 0 days 1,829 sqft
2021-09-01 0 days 1,730 sqft
2021-10-01 0 days 1,715 sqft
2021-11-01 0 days 1,711 sqft
2021-12-01 0 days 1,697 sqft
2022-01-01 0 days 1,688 sqft
2022-02-01 0 days 1,672 sqft
2022-03-01 0 days 1,715 sqft
2022-04-01 0 days 1,750 sqft
2022-05-01 0 days 1,747 sqft
2022-06-01 0 days 1,618 sqft
2022-07-01 0 days 1,558 sqft
2022-08-01 0 days 1,644 sqft
2022-09-01 0 days 1,604 sqft
2022-10-01 0 days 1,605 sqft
2022-11-01 0 days 1,658 sqft
2022-12-01 0 days 1,631 sqft
2023-01-01 0 days 1,606 sqft
2023-02-01 0 days 1,614 sqft
2023-03-01 0 days 1,640 sqft
2023-04-01 0 days 1,546 sqft
2023-05-01 0 days 1,520 sqft
2023-06-01 0 days 1,567 sqft
2023-07-01 0 days 1,580 sqft
2023-08-01 0 days 1,592 sqft
2023-09-01 0 days 1,483 sqft
2023-10-01 0 days 1,515 sqft
2023-11-01 0 days 1,513 sqft
2023-12-01 0 days 1,512 sqft
2024-01-01 0 days 1,518 sqft
2024-02-01 0 days 1,474 sqft
2024-03-01 0 days 1,408 sqft
2024-04-01 0 days 1,378 sqft
2024-05-01 0 days 1,381 sqft
Branson's median listing age (time on market) for 2024-05-01 was 0 days.

Branson's median square footage for active listings during the 2024-05-01 period was 1,381 sqft. One year prior, the average listing was 1,520 sqft.

FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).