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 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 7% for the week of 2024-04-12, compared to the national average (all FHA variants) of 6.739% for the same period.

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

    The average rate for the prior week (2024-04-05) was 6.92% and one month ago for the week of 2024-03-08, the average rate was 6.86%.

    The average rate one year ago was 6.29%.

    For refis of the same type during the week of 2024-04-12, the average rate was 6.64%.

    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
    Branson's median listing price for 2024-03-01 was $280,000, a difference of $-55,000 (-16.4%) versus the prior year and $-6,975 versus the prior month.

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

    Branson's average listing price for 2024-03-01 was $418,647, a difference of $-48,794 (-10.4%) versus the prior year and $-9,375 versus the prior month.

    For the 2024-03-01 period, Branson had 555 MLS listings, a difference of 35 listings (7%) versus the prior month and 207 listings (59%) 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 1,468 sqft
    2024-03-01 0 days 1,408 sqft
    Branson's median listing age (time on market) for 2024-03-01 was 0 days.

    Branson's median square footage for active listings during the 2024-03-01 period was 1,408 sqft. One year prior, the average listing was 1,640 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).