Columbia FHA Loan Rates, Closing Costs & Stats

COLUMBIA, MO

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Loan Limits
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Columbia's 66 lenders originated 366 FHA loans during 2024. The total origination value was $89,400,000, with an average FHA loan value of $244,262.

    Columbia FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Columbia averaged 6.35% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Columbia's average FHA mortgage closing costs are $6,614.

    The average rate for the prior week (2025-03-28) was 6.45% and one month ago for the week of 2025-02-28, the average rate was 6.33%.

    The average rate one year ago was 6.55%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.05%.

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

    Columbia 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 Columbia level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    FLAT BRANCH MORTGAGE, INC. 79 6.69% $8,139
    QUICKEN LOANS, LLC 39 6.19% $11,028
    DAS Acquisition Company, LLC 20 6.36% $11,211
    The Central Trust Bank 20 6.40% $7,440
    UNITED WHOLESALE MORTGAGE, LLC 16 6.27% $10,025
    Midwest Mortgage Associates Corporation 14 6.56% $7,016
    GERSHMAN INVESTMENT CORP. 11 6.48% $6,777
    Bell Bank 9 6.88% $7,959
    Mid-Continent Funding, Inc. 9 6.42% $9,893
    PENNYMAC LOAN SERVICES, LLC 8 6.20% $9,873
    FREEDOM MORTGAGE CORPORATION 7 6.45% $7,326
    BROKER SOLUTIONS, INC. 6 6.69% $10,933
    VILLAGE CAPITAL MORTGAGE 6 6.67% $3,857
    Mortgage Research Center, LLC 5 6.18% $5,707
    MUTUAL OF OMAHA MORTGAGE, INC. 5 6.60% $14,353
    ON Q FINANCIAL, INC. 4 6.16% $8,692
    NEWREZ LLC 4 6.50% $11,072
    WEST COMMUNITY 4 6.50% $5,436
    AMERISAVE MORTGAGE CORPORATION 3 6.08% $14,822
    Flagstar Bank, FSB 3 6.35% $7,366
    LOANDEPOT.COM, LLC 3 6.46% $10,452
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.92% $8,701
    PLAZA HOME MORTGAGE, INC. 3 7.08% $8,594
    TruHome Solutions, LLC 3 6.04% $9,112
    Flanagan State Bank 2 6.50% $7,480
    LEADERONE FINANCIAL CORPORATION 2 6.88% $12,774
    Carrington Mortgage Services, LLC 2 5.94% $13,561
    Mortgage Investment Services Corporation 2 7.00% $7,629
    GUARANTEED RATE, INC. 2 7.31% $8,744
    GENEVA FINANCIAL, LLC 2 6.56% $6,415
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.69% $12,723
    Mr. Cooper ( Nationstar Mortgage ) 2 7.00% $14,853
    The Federal Savings Bank 2 6.63% $10,772
    TOWNE MORTGAGE COMPANY 2 7.19% $10,931
    PLANET HOME LENDING, LLC 2 6.31% $4,213
    ZILLOW HOME LOANS, LLC 1 6.63% $6,283
    American Mortgage & Equity Consultants, Inc. 1 6.13% $19,596
    CMG MORTGAGE, INC. 1 7.50% $11,830
    Commerce Bank 1 7.63% $3,239
    COMMUNITYAMERICA 1 6.63% $7,524
    Cornerstone First Mortgage, Inc 1 6.25% $6,930
    CROSSCOUNTRY MORTGAGE, LLC 1 7.13% $8,713
    ENDEAVOR CAPITAL, LLC. 1 4.63% $12,192
    EVERETT FINANCIAL, INC. 1 7.75% $9,607
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $5,791
    First Federal Bank 1 6.25% $6,342
    FIRST INTEGRITY MORTGAGE SERVICES, INC. 1 7.38% $8,761
    First State Community Bank 1 6.25% $5,234
    GUILD MORTGAGE COMPANY 1 7.25% $13,298
    Hawthorn Bank 1 6.13% $5,535
    JLB CORPORATION 1 5.63% $10,077
    JPMorgan Chase Bank 1 7.75% $5,618
    LOANPAL, LLC 1 5.38% $12,338
    Magnolia Bank 1 6.25% $12,895
    Nations Lending Corporation 1 6.75% $14,845
    PHH Mortgage Corporation 1 6.63% $9,266
    Plains Commerce Bank 1 6.63% $21,587
    Prosperity Home Mortgage, LLC 1 6.25% $12,733
    Regions Bank 1 5.75% $9,196
    RUOFF MORTGAGE COMPANY, INC. 1 6.00% $5,787
    S1L, Inc. 1 5.75% $14,543
    Simmons Bank 1 6.00% $9,718
    UNION HOME MORTGAGE CORP. 1 7.25% $4,741
    U.S. Bank 1 6.63% $7,346
    Wells Fargo Bank 1 6.63% $8,467
    AMERICAN FINANCIAL NETWORK, INC. 1 7.50% $8,396

    The top Columbia FHA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 79 FHA loans originated. Their average total fees are $8,139, which is $2,888 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Columbia FHA lenders (with over 10 loans originated) are GERSHMAN INVESTMENT CORP. ($6,777), Midwest Mortgage Associates Corporation ($7,016), The Central Trust Bank ($7,440), FLAT BRANCH MORTGAGE, INC. ($8,139) and UNITED WHOLESALE MORTGAGE, LLC ($10,025).

    The lowest rate Columbia FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.19%), UNITED WHOLESALE MORTGAGE, LLC (6.27%), DAS Acquisition Company, LLC (6.36%), The Central Trust Bank (6.40%) and GERSHMAN INVESTMENT CORP. (6.48%).

    Columbia FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Columbia (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 $224,950 (8.3%) $276,908 (6.5%) 0.83 751
    2018-02-01 $225,000 (4.7%) $281,307 (3.4%) 0.82 763
    2018-03-01 $235,000 (2.7%) $286,311 (1.0%) 0.82 827
    2018-04-01 $245,650 (-0.9%) $291,637 (-0.3%) 0.83 856
    2018-05-01 $252,500 (1.8%) $294,170 (-1.9%) 0.84 902
    2018-06-01 $249,900 (2.5%) $293,181 (-3.0%) 0.83 912
    2018-07-01 $247,725 (3.4%) $292,417 (-0.1%) 0.83 921
    2018-08-01 $237,425 (2.5%) $286,035 (-0.1%) 0.80 952
    2018-09-01 $234,900 (4.9%) $278,854 (0.2%) 0.79 999
    2018-10-01 $232,475 (3.4%) $276,905 (-0.2%) 0.79 1,035
    2018-11-01 $228,625 (4.4%) $272,510 (0.1%) 0.78 957
    2018-12-01 $229,000 (3.6%) $273,410 (0.5%) 0.79 889
    2019-01-01 $229,000 (1.8%) $277,344 (0.2%) 0.79 793
    2019-02-01 $229,125 (1.8%) $278,383 (-1.0%) 0.77 802
    2019-03-01 $236,429 (0.6%) $286,340 (0.0%) 0.77 790
    2019-04-01 $244,962 (-0.3%) $292,364 (0.3%) 0.78 775
    2019-05-01 $246,125 (-2.5%) $289,995 (-1.4%) 0.77 786
    2019-06-01 $242,500 (-3.0%) $291,725 (-0.5%) 0.76 808
    2019-07-01 $239,950 (-3.1%) $292,522 (0.0%) 0.75 824
    2019-08-01 $240,882 (1.5%) $292,929 (2.4%) 0.76 792
    2019-09-01 $242,355 (3.2%) $294,147 (5.5%) 0.78 764
    2019-10-01 $244,975 (5.4%) $294,958 (6.5%) 0.79 742
    2019-11-01 $239,950 (5.0%) $295,020 (8.3%) 0.79 709
    2019-12-01 $234,975 (2.6%) $296,537 (8.5%) 0.78 615
    2020-01-01 $228,725 (-0.1%) $292,560 (5.5%) 0.76 548
    2020-02-01 $237,900 (3.8%) $295,541 (6.2%) 0.78 525
    2020-03-01 $250,725 (6.1%) $305,921 (6.8%) 0.79 549
    2020-04-01 $269,450 (10.0%) $319,532 (9.3%) 0.84 502
    2020-05-01 $267,000 (8.5%) $317,140 (9.4%) 0.81 486
    2020-06-01 $272,450 (12.4%) $333,351 (14.3%) 0.80 469
    2020-07-01 $276,950 (15.4%) $340,382 (16.4%) 0.80 455
    2020-08-01 $275,950 (14.6%) $336,474 (14.9%) 0.79 438
    2020-09-01 $263,550 (8.8%) $326,865 (11.1%) 0.76 409
    2020-10-01 $246,950 (0.8%) $316,448 (7.3%) 0.71 398
    2020-11-01 $244,475 (1.9%) $326,009 (10.5%) 0.71 375
    2020-12-01 $251,950 (7.2%) $342,801 (15.6%) 0.75 330
    2021-01-01 $254,400 (11.2%) $367,875 (25.7%) 0.76 265
    2021-02-01 $248,425 (4.4%) $387,681 (31.2%) 0.72 200
    2021-03-01 $269,852 (7.6%) $373,193 (22.0%) 0.77 212
    2021-04-01 $292,200 (8.4%) $377,574 (18.2%) 0.79 200
    2021-05-01 $275,000 (3.0%) $356,451 (12.4%) 0.73 225
    2021-06-01 $274,975 (0.9%) $369,738 (10.9%) 0.72 267
    2021-07-01 $275,000 (-0.7%) $354,061 (4.0%) 0.73 311
    2021-08-01 $268,000 (-2.9%) $344,978 (2.5%) 0.71 314
    2021-09-01 $251,450 (-4.6%) $330,602 (1.1%) 0.67 303
    2021-10-01 $269,900 (9.3%) $338,086 (6.8%) 0.72 294
    2021-11-01 $260,000 (6.4%) $337,462 (3.5%) 0.69 256
    2021-12-01 $277,812 (10.3%) $351,981 (2.7%) 0.75 218
    2022-01-01 $317,450 (24.8%) $368,817 (0.3%) 0.86 166
    2022-02-01 $314,048 (26.4%) $392,129 (1.2%) 0.82 163
    2022-03-01 $304,988 (13.0%) $386,958 (3.7%) 0.76 185
    2022-04-01 $316,000 (8.2%) $400,066 (6.0%) 0.75 212
    2022-05-01 $341,500 (24.2%) $429,559 (20.5%) 0.78 270
    2022-06-01 $338,250 (23.0%) $425,917 (15.2%) 0.75 320
    2022-07-01 $334,900 (21.8%) $421,103 (18.9%) 0.75 378
    2022-08-01 $342,400 (27.8%) $425,711 (23.4%) 0.79 384
    2022-09-01 $348,000 (38.4%) $421,747 (27.6%) 0.81 381
    2022-10-01 $350,000 (29.7%) $417,986 (23.6%) 0.82 399
    2022-11-01 $345,625 (32.9%) $407,744 (20.8%) 0.83 407
    2022-12-01 $342,450 (23.3%) $406,068 (15.4%) 0.85 355
    2023-01-01 $354,450 (11.7%) $415,031 (12.5%) 0.88 299
    2023-02-01 $352,500 (12.2%) $408,961 (4.3%) 0.85 312
    2023-03-01 $367,375 (20.5%) $433,567 (12.1%) 0.87 313
    2023-04-01 $385,000 (21.8%) $463,182 (15.8%) 0.90 313
    2023-05-01 $392,450 (14.9%) $474,772 (10.5%) 0.89 330
    2023-06-01 $397,125 (17.4%) $474,152 (11.3%) 0.89 331
    2023-07-01 $388,904 (16.1%) $459,003 (9.0%) 0.88 416
    2023-08-01 $392,400 (14.6%) $464,764 (9.2%) 0.90 420
    2023-09-01 $386,250 (11.0%) $464,121 (10.1%) 0.90 414
    2023-10-01 $397,000 (13.4%) $467,196 (11.8%) 0.93 425
    2023-11-01 $384,725 (11.3%) $456,529 (12.0%) 0.92 426
    2023-12-01 $374,900 (9.5%) $450,882 (11.0%) 0.91 420
    2024-01-01 $375,000 (5.8%) $450,563 (8.6%) 0.92 361
    2024-02-01 $382,450 (8.5%) $457,448 (11.9%) 0.92 352
    2024-03-01 $375,000 (2.1%) $456,705 (5.3%) 0.88 364
    2024-04-01 $402,200 (4.5%) $492,324 (6.3%) 0.94 370
    2024-05-01 $420,625 (7.2%) $515,065 (8.5%) 0.96 401
    2024-06-01 $416,950 (5.0%) $495,836 (4.6%) 0.95 441
    2024-07-01 $413,650 (6.4%) $489,489 (6.6%) 0.95 469
    2024-08-01 $412,500 (5.1%) $470,550 (1.2%) 0.96 488
    2024-09-01 $395,950 (2.5%) $456,661 (-1.6%) 0.93 518
    2024-10-01 $394,375 (-0.7%) $451,299 (-3.4%) 0.93 544
    2024-11-01 $375,000 (-2.5%) $447,310 (-2.0%) 0.90 574
    2024-12-01 $375,000 (0.0%) $438,973 (-2.6%) 0.93 497
    2025-01-01 $384,400 (2.5%) $448,301 (-0.5%) 0.96 451
    2025-02-01 $399,900 (4.6%) $458,697 (0.3%) 0.97 429
    2025-03-01 $413,250 (10.2%) $464,014 (1.6%) 0.00 448
    Columbia's median listing price for 2025-03-01 was $413,250, a difference of $38,250 (10.2%) versus the prior year and $13,350 versus the prior month.

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

    Columbia's average listing price for 2025-03-01 was $464,014, a difference of $7,309 (1.6%) versus the prior year and $5,317 versus the prior month.

    For the 2025-03-01 period, Columbia had 448 MLS listings, a difference of 19 listings (4%) versus the prior month and 84 listings (23%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Columbia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 79 days 1,971 sqft
    2018-02-01 72 days 1,994 sqft
    2018-03-01 53 days 2,069 sqft
    2018-04-01 45 days 2,181 sqft
    2018-05-01 47 days 2,224 sqft
    2018-06-01 56 days 2,210 sqft
    2018-07-01 64 days 2,229 sqft
    2018-08-01 65 days 2,179 sqft
    2018-09-01 64 days 2,135 sqft
    2018-10-01 67 days 2,133 sqft
    2018-11-01 77 days 2,088 sqft
    2018-12-01 89 days 2,029 sqft
    2019-01-01 95 days 1,947 sqft
    2019-02-01 89 days 1,947 sqft
    2019-03-01 62 days 2,065 sqft
    2019-04-01 43 days 2,150 sqft
    2019-05-01 47 days 2,144 sqft
    2019-06-01 53 days 2,151 sqft
    2019-07-01 56 days 2,088 sqft
    2019-08-01 58 days 2,102 sqft
    2019-09-01 60 days 2,124 sqft
    2019-10-01 62 days 2,142 sqft
    2019-11-01 67 days 2,048 sqft
    2019-12-01 76 days 2,030 sqft
    2020-01-01 84 days 1,926 sqft
    2020-02-01 59 days 1,944 sqft
    2020-03-01 38 days 1,963 sqft
    2020-04-01 45 days 2,060 sqft
    2020-05-01 45 days 2,100 sqft
    2020-06-01 37 days 2,089 sqft
    2020-07-01 38 days 2,065 sqft
    2020-08-01 42 days 2,084 sqft
    2020-09-01 44 days 1,996 sqft
    2020-10-01 37 days 1,953 sqft
    2020-11-01 41 days 1,930 sqft
    2020-12-01 54 days 1,968 sqft
    2021-01-01 57 days 1,969 sqft
    2021-02-01 28 days 1,938 sqft
    2021-03-01 17 days 1,950 sqft
    2021-04-01 21 days 2,126 sqft
    2021-05-01 15 days 2,010 sqft
    2021-06-01 16 days 1,986 sqft
    2021-07-01 22 days 2,053 sqft
    2021-08-01 28 days 1,929 sqft
    2021-09-01 31 days 1,919 sqft
    2021-10-01 30 days 1,952 sqft
    2021-11-01 35 days 1,938 sqft
    2021-12-01 44 days 1,972 sqft
    2022-01-01 41 days 2,000 sqft
    2022-02-01 26 days 1,977 sqft
    2022-03-01 15 days 2,058 sqft
    2022-04-01 14 days 2,084 sqft
    2022-05-01 14 days 2,154 sqft
    2022-06-01 20 days 2,094 sqft
    2022-07-01 26 days 2,051 sqft
    2022-08-01 37 days 2,051 sqft
    2022-09-01 42 days 2,040 sqft
    2022-10-01 45 days 2,004 sqft
    2022-11-01 46 days 1,971 sqft
    2022-12-01 61 days 1,975 sqft
    2023-01-01 78 days 1,984 sqft
    2023-02-01 56 days 1,974 sqft
    2023-03-01 37 days 2,000 sqft
    2023-04-01 30 days 2,058 sqft
    2023-05-01 31 days 2,119 sqft
    2023-06-01 33 days 2,220 sqft
    2023-07-01 26 days 2,130 sqft
    2023-08-01 42 days 2,164 sqft
    2023-09-01 51 days 2,200 sqft
    2023-10-01 53 days 2,219 sqft
    2023-11-01 54 days 2,133 sqft
    2023-12-01 64 days 2,076 sqft
    2024-01-01 72 days 2,064 sqft
    2024-02-01 50 days 2,044 sqft
    2024-03-01 33 days 1,970 sqft
    2024-04-01 32 days 2,007 sqft
    2024-05-01 35 days 2,117 sqft
    2024-06-01 34 days 2,100 sqft
    2024-07-01 40 days 2,124 sqft
    2024-08-01 44 days 2,097 sqft
    2024-09-01 45 days 2,072 sqft
    2024-10-01 52 days 2,061 sqft
    2024-11-01 60 days 1,981 sqft
    2024-12-01 72 days 1,957 sqft
    2025-01-01 77 days 1,988 sqft
    2025-02-01 76 days 2,046 sqft
    2025-03-01 0 days 2,121 sqft
    Columbia's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Columbia's median square footage for active listings during the 2025-03-01 period was 2,121 sqft. One year prior, the average listing was 1,970 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).