Branson FHA Loan Rates, Closing Costs & Stats

Branson, MO

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    • 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 52 lenders originated 155 FHA loans during 2022. The total origination value was $28,965,000, with an average FHA loan value of $186,871.

    Branson FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Branson averaged -0.16% for the week of 2023-11-24, compared to the national average (all FHA variants) of 0% for the same period.

    Branson's average FHA mortgage closing costs are $5,890.

    The average rate for the prior week (2023-11-17) was 6.83% and one month ago for the week of 2023-10-20, the average rate was 7.04%.

    The average rate one year ago was 6.17%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.27%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    QUICKEN LOANS, LLC 17 4.08% $8,766
    PRIMELENDING, A PLAINSCAPITAL COMPANY 14 5.15% $7,550
    GERSHMAN INVESTMENT CORP. 12 4.95% $6,381
    FLAT BRANCH MORTGAGE, INC. 10 5.39% $7,044
    The Central Trust Bank 8 5.53% $6,698
    DAS Acquisition Company, LLC 8 5.70% $8,730
    LOANDEPOT.COM, LLC 6 5.79% $7,535
    VILLAGE CAPITAL MORTGAGE 5 3.73% $3,271
    FREEDOM MORTGAGE CORPORATION 4 5.00% $8,430
    UNITED WHOLESALE MORTGAGE, LLC 4 4.94% $6,471
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 4.12% $5,695
    PENNYMAC LOAN SERVICES, LLC 4 4.06% $5,866
    LOANPAL, LLC 3 4.75% $10,688
    Mr. Cooper ( Nationstar Mortgage ) 3 5.25% $9,473
    Nations Lending Corporation 2 5.75% $6,300
    AMERISAVE MORTGAGE CORPORATION 2 4.25% $8,175
    GUILD MORTGAGE COMPANY 2 6.13% $10,510
    Mortgage Research Center, LLC 2 4.81% $4,817
    PHH Mortgage Corporation 2 5.38% $9,642
    PLANET HOME LENDING, LLC 2 4.93% $7,953
    Arvest Bank 2 5.94% $5,312
    BROKER SOLUTIONS, INC. 2 5.94% $7,868
    Hawthorn Bank 2 4.62% $5,442
    Plains Commerce Bank 1 4.75% $9,456
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 5.25% $10,433
    SECURITYNATIONAL MORTGAGE COMPANY 1 5.63% $10,612
    U.S. Bank 1 4.63% $8,584
    US MORTGAGE CORPORATION 1 5.13% $10,866
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.50% $13,769
    Simmons Bank 1 4.38% $5,888
    BancorpSouth 1 3.00% $4,016
    CALIBER HOME LOANS, INC. 1 3.85% $9,862
    CANOPY MORTGAGE, LLC 1 5.50% $9,081
    Carrington Mortgage Services, LLC 1 4.63% $7,085
    ENDEAVOR CAPITAL, LLC. 1 6.63% $6,739
    Equity Bank 1 5.13% $7,591
    First Community Bank 1 6.88% $10,676
    Flagstar Bank, FSB 1 4.75% $4,669
    FRONTIER FINANCIAL, INC. 1 6.88% $6,449
    Great Southern Bank 1 5.63% $7,351
    GUARANTEED RATE, INC. 1 4.50% $6,319
    HOMESIDE FINANCIAL, LLC 1 4.62% $8,919
    HOMESITE MORTGAGE, LLC 1 3.65% $0
    LAKEVIEW LOAN SERVICING, LLC 1 5.13% $8,171
    LEADERONE FINANCIAL CORPORATION 1 5.99% $7,792
    MID AMERICA MORTGAGE, INC. 1 6.50% $1,707
    Midwest Mortgage Associates Corporation 1 5.25% $7,405
    MORTGAGE FINANCIAL SERVICES, LLC 1 4.63% $7,979
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $8,477
    NEWREZ LLC 1 3.25% $6,471
    ON Q FINANCIAL, INC. 1 3.49% $5,188
    OPEN MORTGAGE, LLC 1 4.88% $19,029

    The top Branson FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 17 FHA loans originated. Their average total fees are $8,766, which is $1,215 higher than the next largest lender, PRIMELENDING, A PLAINSCAPITAL COMPANY.

    The lowest fee Branson FHA lenders (with over 10 loans originated) are GERSHMAN INVESTMENT CORP. ($6,381), FLAT BRANCH MORTGAGE, INC. ($7,044), PRIMELENDING, A PLAINSCAPITAL COMPANY ($7,550), QUICKEN LOANS, LLC ($8,766) and .

    The lowest rate Branson FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (4.08%), GERSHMAN INVESTMENT CORP. (4.95%), PRIMELENDING, A PLAINSCAPITAL COMPANY (5.15%), FLAT BRANCH MORTGAGE, INC. (5.39%) and .

    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 $177,000 (14.3%) $250,936 (13.2%) 0.00 692
    2018-02-01 $179,900 (16.4%) $251,818 (14.4%) 0.00 677
    2018-03-01 $179,900 (16.0%) $249,850 (13.7%) 0.00 702
    2018-04-01 $181,675 (15.1%) $259,235 (15.0%) 0.00 731
    2018-05-01 $187,350 (19.8%) $259,395 (13.6%) 0.00 737
    2018-06-01 $189,900 (18.8%) $260,176 (11.8%) 0.00 756
    2018-07-01 $190,500 (19.1%) $261,548 (11.5%) 0.00 772
    2018-08-01 $189,000 (17.0%) $257,738 (8.5%) 0.00 790
    2018-09-01 $185,000 (12.1%) $254,424 (5.0%) 0.00 758
    2018-10-01 $183,350 (6.4%) $249,794 (-0.3%) 0.00 757
    2018-11-01 $188,400 (7.8%) $247,500 (-2.7%) 0.00 783
    2018-12-01 $185,000 (5.7%) $240,120 (-7.4%) 0.00 770
    2019-01-01 $186,700 (5.5%) $241,469 (-3.8%) 0.00 722
    2019-02-01 $189,275 (5.2%) $244,291 (-3.0%) 0.00 719
    2019-03-01 $194,207 (8.0%) $248,128 (-0.7%) 0.00 709
    2019-04-01 $199,900 (10.0%) $251,189 (-3.1%) 0.00 714
    2019-05-01 $199,625 (6.6%) $256,014 (-1.3%) 0.00 738
    2019-06-01 $199,500 (5.1%) $257,509 (-1.0%) 0.00 765
    2019-07-01 $199,900 (4.9%) $265,628 (1.6%) 0.00 765
    2019-08-01 $201,945 (6.9%) $265,770 (3.1%) 0.00 750
    2019-09-01 $199,389 (7.8%) $263,671 (3.6%) 0.00 729
    2019-10-01 $196,150 (7.0%) $262,272 (5.0%) 0.00 706
    2019-11-01 $197,375 (4.8%) $262,386 (6.0%) 0.00 669
    2019-12-01 $189,900 (2.7%) $256,759 (6.9%) 0.00 672
    2020-01-01 $191,950 (2.8%) $249,699 (3.4%) 0.00 610
    2020-02-01 $198,450 (4.9%) $263,838 (8.0%) 0.00 622
    2020-03-01 $199,950 (3.0%) $270,282 (8.9%) 0.00 611
    2020-04-01 $199,438 (-0.2%) $270,158 (7.6%) 0.00 635
    2020-05-01 $199,000 (-0.3%) $272,154 (6.3%) 0.00 620
    2020-06-01 $199,450 (0.0%) $276,559 (7.4%) 0.00 551
    2020-07-01 $192,925 (-3.5%) $281,849 (6.1%) 0.00 510
    2020-08-01 $199,900 (-1.0%) $306,566 (15.4%) 0.00 424
    2020-09-01 $202,925 (1.8%) $306,408 (16.2%) 0.00 402
    2020-10-01 $204,900 (4.5%) $321,855 (22.7%) 0.00 379
    2020-11-01 $205,975 (4.4%) $327,290 (24.7%) 0.00 357
    2020-12-01 $199,950 (5.3%) $321,751 (25.3%) 0.00 327
    2021-01-01 $214,950 (12.0%) $317,301 (27.1%) 0.00 269
    2021-02-01 $214,925 (8.3%) $307,232 (16.5%) 0.00 218
    2021-03-01 $234,925 (17.5%) $374,178 (38.4%) 0.00 201
    2021-04-01 $245,000 (22.9%) $401,147 (48.5%) 0.00 185
    2021-05-01 $279,900 (40.7%) $453,738 (66.7%) 0.00 186
    2021-06-01 $287,500 (44.2%) $455,387 (64.7%) 0.00 197
    2021-07-01 $295,000 (52.9%) $445,461 (58.1%) 0.00 242
    2021-08-01 $299,350 (49.8%) $435,867 (42.2%) 0.00 245
    2021-09-01 $290,975 (43.4%) $463,471 (51.3%) 0.00 298
    2021-10-01 $289,000 (41.0%) $483,074 (50.1%) 0.00 307
    2021-11-01 $286,000 (38.9%) $512,631 (56.6%) 0.00 264
    2021-12-01 $284,999 (42.5%) $574,372 (78.5%) 0.00 239
    2022-01-01 $299,900 (39.5%) $602,312 (89.8%) 0.00 207
    2022-02-01 $299,900 (39.5%) $564,761 (83.8%) 0.00 168
    2022-03-01 $324,350 (38.1%) $633,121 (69.2%) 0.00 164
    2022-04-01 $349,000 (42.5%) $620,533 (54.7%) 0.00 241
    2022-05-01 $325,000 (16.1%) $580,482 (27.9%) 0.00 284
    2022-06-01 $309,925 (7.8%) $505,887 (11.1%) 0.00 336
    2022-07-01 $299,900 (1.7%) $481,721 (8.1%) 0.00 375
    2022-08-01 $319,900 (6.9%) $508,200 (16.6%) 0.00 411
    2022-09-01 $311,250 (7.0%) $494,132 (6.6%) 0.00 420
    2022-10-01 $319,900 (10.7%) $482,884 (0.0%) 0.00 433
    2022-11-01 $319,900 (11.9%) $454,611 (-11.3%) 0.00 434
    2022-12-01 $339,900 (19.3%) $457,628 (-20.3%) 0.00 407
    2023-01-01 $325,000 (8.4%) $454,370 (-24.6%) 0.00 359
    2023-02-01 $329,225 (9.8%) $465,092 (-17.7%) 0.00 333
    2023-03-01 $335,000 (3.3%) $467,681 (-26.1%) 0.00 348
    2023-04-01 $320,000 (-8.3%) $438,916 (-29.3%) 0.00 394
    2023-05-01 $320,000 (-1.5%) $460,731 (-20.6%) 0.00 393
    2023-06-01 $320,750 (3.5%) $479,588 (-5.2%) 0.00 406
    2023-07-01 $310,000 (3.4%) $466,552 (-3.2%) 0.00 407
    2023-08-01 $319,725 (-0.1%) $482,613 (-5.0%) 0.00 416
    2023-09-01 $299,950 (-3.6%) $472,374 (-4.4%) 0.00 437
    2023-10-01 $301,975 (-5.6%) $464,732 (-3.8%) 0.00 493
    Branson's median listing price for 2023-10-01 was $301,975, a difference of $-17,925 (-5.6%) versus the prior year and $2,025 versus the prior month.

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

    Branson's average listing price for 2023-10-01 was $464,732, a difference of $-18,152 (-3.8%) versus the prior year and $-7,642 versus the prior month.

    For the 2023-10-01 period, Branson had 493 MLS listings, a difference of 56 listings (13%) versus the prior month and 60 listings (14%) 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 1,754 sqft
    2018-04-01 0 days 1,754 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 1,751 sqft
    2018-09-01 0 days 1,716 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 1,692 sqft
    2019-03-01 0 days 1,705 sqft
    2019-04-01 0 days 1,712 sqft
    2019-05-01 0 days 1,697 sqft
    2019-06-01 0 days 1,692 sqft
    2019-07-01 0 days 1,693 sqft
    2019-08-01 0 days 1,709 sqft
    2019-09-01 0 days 1,700 sqft
    2019-10-01 0 days 1,692 sqft
    2019-11-01 0 days 1,692 sqft
    2019-12-01 0 days 1,691 sqft
    2020-01-01 0 days 1,677 sqft
    2020-02-01 0 days 1,680 sqft
    2020-03-01 0 days 1,695 sqft
    2020-04-01 0 days 1,648 sqft
    2020-05-01 0 days 1,637 sqft
    2020-06-01 0 days 1,626 sqft
    2020-07-01 0 days 1,594 sqft
    2020-08-01 0 days 1,650 sqft
    2020-09-01 0 days 1,578 sqft
    2020-10-01 0 days 1,560 sqft
    2020-11-01 0 days 1,613 sqft
    2020-12-01 0 days 1,601 sqft
    2021-01-01 0 days 1,609 sqft
    2021-02-01 0 days 1,595 sqft
    2021-03-01 0 days 1,646 sqft
    2021-04-01 0 days 1,615 sqft
    2021-05-01 0 days 1,650 sqft
    2021-06-01 0 days 1,741 sqft
    2021-07-01 0 days 1,879 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 1,708 sqft
    2021-12-01 0 days 1,696 sqft
    2022-01-01 0 days 1,675 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 1,750 sqft
    2022-06-01 0 days 1,625 sqft
    2022-07-01 0 days 1,559 sqft
    2022-08-01 0 days 1,649 sqft
    2022-09-01 0 days 1,607 sqft
    2022-10-01 0 days 1,605 sqft
    2022-11-01 0 days 1,665 sqft
    2022-12-01 0 days 1,634 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 1,517 sqft
    2023-06-01 0 days 1,560 sqft
    2023-07-01 0 days 1,548 sqft
    2023-08-01 0 days 1,592 sqft
    2023-09-01 0 days 1,479 sqft
    2023-10-01 0 days 1,515 sqft
    Branson's median listing age (time on market) for 2023-10-01 was 0 days.

    Branson's median square footage for active listings during the 2023-10-01 period was 1,515 sqft. One year prior, the average listing was 1,605 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).