Cape Girardeau FHA Loan Rates, Closing Costs & Stats
CAPE GIRARDEAU, MO-IL
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.
Cape Girardeau's 40 lenders originated 200 FHA loans during 2022. The total origination value was $34,520,000, with an average FHA loan value of $172,600.
Cape Girardeau FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Cape Girardeau
averaged
-0.24%
for the week of 2023-11-24, compared to the national average (all FHA variants) of
0% for the same period.
Cape Girardeau's average FHA mortgage closing costs are $5,549.
The average rate for the prior week (2023-11-17) was
7.05% and
one month ago for the week of 2023-10-20, the
average rate was 6.96%.
The average rate one year ago was 6.19%.
For refis of the same type during the week of 2023-11-24, the average rate
was -1.21%.
Cape Girardeau 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 Cape Girardeau level.
The top Cape Girardeau FHA lender as defined by loan originations is DAS Acquisition Company, LLC, with
41 FHA loans originated. Their average total fees are
$6,936, which is $1,189
higher than the next largest lender,
FLAT BRANCH MORTGAGE, INC..
The lowest fee Cape Girardeau FHA lenders (with over 10 loans originated) are
FLAT BRANCH MORTGAGE, INC. ($5,748), DAS Acquisition Company, LLC ($6,936), CALIBER HOME LOANS, INC. ($6,949), GUILD MORTGAGE COMPANY ($7,636) and QUICKEN LOANS, LLC ($9,047).
The lowest rate Cape Girardeau FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (4.52%), CALIBER HOME LOANS, INC. (4.61%), FLAT BRANCH MORTGAGE, INC. (4.98%), DAS Acquisition Company, LLC (5.05%) and GUILD MORTGAGE COMPANY (5.05%).
Cape Girardeau FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
CAPE GIRARDEAU, MO-IL | ALEXANDER | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
CAPE GIRARDEAU, MO-IL | BOLLINGER | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
CAPE GIRARDEAU, MO-IL | CAPE GIRARDEAU | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
CAPE GIRARDEAU, MO-IL | ALEXANDER | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
CAPE GIRARDEAU, MO-IL | BOLLINGER | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
CAPE GIRARDEAU, MO-IL | CAPE GIRARDEAU | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Cape Girardeau (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 | $160,625 (0.8%) | $230,251 (4.7%) | 0.00 | 417 |
2018-02-01 | $164,950 (2.5%) | $231,184 (6.3%) | 0.00 | 419 |
2018-03-01 | $164,900 (3.2%) | $230,109 (1.1%) | 0.00 | 411 |
2018-04-01 | $164,400 (2.8%) | $233,873 (0.6%) | 0.00 | 412 |
2018-05-01 | $169,450 (4.7%) | $242,515 (-2.9%) | 0.00 | 408 |
2018-06-01 | $175,250 (4.6%) | $250,859 (-0.7%) | 0.00 | 422 |
2018-07-01 | $175,000 (4.2%) | $253,821 (-0.5%) | 0.00 | 455 |
2018-08-01 | $175,000 (9.4%) | $249,144 (1.1%) | 0.00 | 457 |
2018-09-01 | $169,900 (9.6%) | $246,664 (3.9%) | 0.00 | 429 |
2018-10-01 | $175,075 (16.8%) | $253,242 (9.8%) | 0.00 | 432 |
2018-11-01 | $176,875 (18.0%) | $255,588 (16.6%) | 0.00 | 431 |
2018-12-01 | $172,400 (7.9%) | $248,186 (11.2%) | 0.00 | 397 |
2019-01-01 | $169,900 (5.8%) | $246,092 (6.9%) | 0.00 | 387 |
2019-02-01 | $168,000 (1.9%) | $245,748 (6.3%) | 0.00 | 365 |
2019-03-01 | $168,529 (2.2%) | $254,742 (10.7%) | 0.00 | 360 |
2019-04-01 | $173,650 (5.6%) | $261,280 (11.7%) | 0.00 | 345 |
2019-05-01 | $189,950 (12.1%) | $273,673 (12.9%) | 0.00 | 354 |
2019-06-01 | $190,000 (8.4%) | $275,609 (9.9%) | 0.00 | 376 |
2019-07-01 | $190,725 (9.0%) | $280,223 (10.4%) | 0.00 | 368 |
2019-08-01 | $192,300 (9.9%) | $278,995 (12.0%) | 0.00 | 370 |
2019-09-01 | $196,575 (15.7%) | $277,952 (12.7%) | 0.00 | 372 |
2019-10-01 | $197,925 (13.1%) | $274,628 (8.4%) | 0.00 | 374 |
2019-11-01 | $189,900 (7.4%) | $265,851 (4.0%) | 0.00 | 371 |
2019-12-01 | $177,425 (2.9%) | $253,830 (2.3%) | 0.00 | 379 |
2020-01-01 | $169,900 (0.0%) | $267,228 (8.6%) | 0.00 | 349 |
2020-02-01 | $179,950 (7.1%) | $275,575 (12.1%) | 0.00 | 331 |
2020-03-01 | $169,400 (0.5%) | $260,464 (2.3%) | 0.00 | 322 |
2020-04-01 | $169,900 (-2.2%) | $263,661 (0.9%) | 0.00 | 320 |
2020-05-01 | $189,900 (0.0%) | $286,100 (4.5%) | 0.00 | 284 |
2020-06-01 | $196,675 (3.5%) | $296,303 (7.5%) | 0.00 | 269 |
2020-07-01 | $193,950 (1.7%) | $285,579 (1.9%) | 0.00 | 287 |
2020-08-01 | $179,700 (-6.6%) | $278,532 (-0.2%) | 0.00 | 253 |
2020-09-01 | $169,700 (-13.7%) | $275,521 (-0.9%) | 0.00 | 249 |
2020-10-01 | $169,900 (-14.2%) | $272,380 (-0.8%) | 0.00 | 241 |
2020-11-01 | $154,650 (-18.6%) | $250,325 (-5.8%) | 0.00 | 234 |
2020-12-01 | $159,950 (-9.9%) | $256,290 (1.0%) | 0.00 | 211 |
2021-01-01 | $164,950 (-2.9%) | $273,358 (2.3%) | 0.00 | 181 |
2021-02-01 | $158,425 (-12.0%) | $282,607 (2.6%) | 0.00 | 143 |
2021-03-01 | $173,050 (2.2%) | $312,949 (20.2%) | 0.00 | 125 |
2021-04-01 | $179,425 (5.6%) | $316,561 (20.1%) | 0.00 | 131 |
2021-05-01 | $199,000 (4.8%) | $350,882 (22.6%) | 0.00 | 119 |
2021-06-01 | $199,950 (1.7%) | $354,643 (19.7%) | 0.00 | 118 |
2021-07-01 | $224,950 (16.0%) | $344,270 (20.6%) | 0.00 | 123 |
2021-08-01 | $226,875 (26.3%) | $341,085 (22.5%) | 0.00 | 124 |
2021-09-01 | $236,125 (39.1%) | $339,838 (23.3%) | 0.00 | 139 |
2021-10-01 | $234,900 (38.3%) | $342,690 (25.8%) | 0.00 | 146 |
2021-11-01 | $223,500 (44.5%) | $342,074 (36.7%) | 0.00 | 143 |
2021-12-01 | $236,975 (48.2%) | $368,584 (43.8%) | 0.00 | 108 |
2022-01-01 | $206,900 (25.4%) | $305,106 (11.6%) | 0.00 | 119 |
2022-02-01 | $171,175 (8.1%) | $277,545 (-1.8%) | 0.00 | 124 |
2022-03-01 | $180,950 (4.6%) | $270,374 (-13.6%) | 0.00 | 119 |
2022-04-01 | $205,000 (14.3%) | $287,375 (-9.2%) | 0.00 | 113 |
2022-05-01 | $228,725 (14.9%) | $306,434 (-12.7%) | 0.00 | 130 |
2022-06-01 | $239,725 (19.9%) | $327,369 (-7.7%) | 0.00 | 146 |
2022-07-01 | $249,950 (11.1%) | $340,474 (-1.1%) | 0.00 | 154 |
2022-08-01 | $275,000 (21.2%) | $353,249 (3.6%) | 0.00 | 146 |
2022-09-01 | $276,000 (16.9%) | $348,632 (2.6%) | 0.00 | 141 |
2022-10-01 | $269,750 (14.8%) | $338,748 (-1.2%) | 0.00 | 170 |
2022-11-01 | $275,000 (23.0%) | $345,791 (1.1%) | 0.00 | 179 |
2022-12-01 | $275,000 (16.1%) | $338,879 (-8.1%) | 0.00 | 187 |
2023-01-01 | $275,000 (32.9%) | $326,114 (6.9%) | 0.00 | 173 |
2023-02-01 | $252,400 (47.5%) | $317,464 (14.4%) | 0.00 | 153 |
2023-03-01 | $286,575 (58.4%) | $332,068 (22.8%) | 0.00 | 157 |
2023-04-01 | $272,400 (32.9%) | $328,881 (14.4%) | 0.00 | 166 |
2023-05-01 | $289,450 (26.6%) | $335,413 (9.5%) | 0.00 | 142 |
2023-06-01 | $252,500 (5.3%) | $319,269 (-2.5%) | 0.00 | 157 |
2023-07-01 | $269,450 (7.8%) | $333,570 (-2.0%) | 0.00 | 174 |
2023-08-01 | $278,750 (1.4%) | $330,733 (-6.4%) | 0.00 | 187 |
2023-09-01 | $265,950 (-3.6%) | $329,177 (-5.6%) | 0.00 | 190 |
2023-10-01 | $261,175 (-3.2%) | $335,154 (-1.1%) | 0.00 | 180 |
Cape Girardeau's median listing price comes in at 0% of the national average.
Cape Girardeau's average listing price for 2023-10-01 was $335,154, a difference of $-3,594 (-1.1%) versus the prior year and $5,977 versus the prior month.
For the 2023-10-01 period, Cape Girardeau had 180 MLS listings, a difference of -10 listings (-5%) versus the prior month and 10 listings (6%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Cape Girardeau (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,542 sqft |
2018-02-01 | 0 days | 1,602 sqft |
2018-03-01 | 0 days | 1,536 sqft |
2018-04-01 | 0 days | 1,543 sqft |
2018-05-01 | 0 days | 1,551 sqft |
2018-06-01 | 0 days | 1,602 sqft |
2018-07-01 | 0 days | 1,608 sqft |
2018-08-01 | 0 days | 1,605 sqft |
2018-09-01 | 0 days | 1,568 sqft |
2018-10-01 | 0 days | 1,570 sqft |
2018-11-01 | 0 days | 1,594 sqft |
2018-12-01 | 0 days | 1,569 sqft |
2019-01-01 | 0 days | 1,568 sqft |
2019-02-01 | 0 days | 1,583 sqft |
2019-03-01 | 0 days | 1,569 sqft |
2019-04-01 | 0 days | 1,589 sqft |
2019-05-01 | 0 days | 1,622 sqft |
2019-06-01 | 0 days | 1,604 sqft |
2019-07-01 | 0 days | 1,609 sqft |
2019-08-01 | 0 days | 1,625 sqft |
2019-09-01 | 0 days | 1,643 sqft |
2019-10-01 | 0 days | 1,648 sqft |
2019-11-01 | 0 days | 1,629 sqft |
2019-12-01 | 0 days | 1,599 sqft |
2020-01-01 | 0 days | 1,552 sqft |
2020-02-01 | 0 days | 1,639 sqft |
2020-03-01 | 0 days | 1,781 sqft |
2020-04-01 | 0 days | 1,788 sqft |
2020-05-01 | 0 days | 1,900 sqft |
2020-06-01 | 0 days | 1,979 sqft |
2020-07-01 | 0 days | 1,955 sqft |
2020-08-01 | 0 days | 1,862 sqft |
2020-09-01 | 0 days | 1,792 sqft |
2020-10-01 | 0 days | 1,873 sqft |
2020-11-01 | 0 days | 1,841 sqft |
2020-12-01 | 0 days | 1,702 sqft |
2021-01-01 | 0 days | 1,721 sqft |
2021-02-01 | 0 days | 1,766 sqft |
2021-03-01 | 0 days | 1,698 sqft |
2021-04-01 | 0 days | 1,736 sqft |
2021-05-01 | 0 days | 1,882 sqft |
2021-06-01 | 0 days | 1,994 sqft |
2021-07-01 | 0 days | 2,053 sqft |
2021-08-01 | 0 days | 2,028 sqft |
2021-09-01 | 0 days | 2,000 sqft |
2021-10-01 | 0 days | 1,942 sqft |
2021-11-01 | 0 days | 1,843 sqft |
2021-12-01 | 0 days | 1,791 sqft |
2022-01-01 | 0 days | 1,723 sqft |
2022-02-01 | 0 days | 1,625 sqft |
2022-03-01 | 0 days | 1,657 sqft |
2022-04-01 | 0 days | 1,728 sqft |
2022-05-01 | 0 days | 1,778 sqft |
2022-06-01 | 0 days | 1,857 sqft |
2022-07-01 | 0 days | 1,941 sqft |
2022-08-01 | 0 days | 2,021 sqft |
2022-09-01 | 0 days | 1,980 sqft |
2022-10-01 | 0 days | 1,912 sqft |
2022-11-01 | 0 days | 1,870 sqft |
2022-12-01 | 0 days | 1,807 sqft |
2023-01-01 | 0 days | 1,761 sqft |
2023-02-01 | 0 days | 1,730 sqft |
2023-03-01 | 0 days | 1,805 sqft |
2023-04-01 | 0 days | 1,845 sqft |
2023-05-01 | 0 days | 1,896 sqft |
2023-06-01 | 0 days | 1,920 sqft |
2023-07-01 | 0 days | 1,885 sqft |
2023-08-01 | 0 days | 1,860 sqft |
2023-09-01 | 0 days | 1,835 sqft |
2023-10-01 | 0 days | 1,833 sqft |
Cape Girardeau's median square footage for active listings during the 2023-10-01 period was 1,833 sqft. One year prior, the average listing was 1,912 sqft.