Jefferson City FHA Loan Rates, Closing Costs & Stats

JEFFERSON CITY, 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.

    Jefferson City's 51 lenders originated 299 FHA loans during 2024. The total origination value was $62,865,000, with an average FHA loan value of $210,251.

    Jefferson City FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Jefferson City averaged 0.12% for the week of 2025-06-20, compared to the national average (all FHA variants) of 0% for the same period.

    Jefferson City's average FHA mortgage closing costs are $6,198.

    The average rate for the prior week (2025-06-13) was 6.6% and one month ago for the week of 2025-05-16, the average rate was 6.66%.

    The average rate one year ago was 6.72%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.22%.

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

    Jefferson City 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 Jefferson City level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    FLAT BRANCH MORTGAGE, INC. 82 6.66% $7,966
    QUICKEN LOANS, LLC 37 6.37% $10,200
    The Central Trust Bank 22 6.62% $7,126
    UNITED WHOLESALE MORTGAGE, LLC 16 6.17% $8,682
    DAS Acquisition Company, LLC 15 6.63% $8,258
    Midwest Mortgage Associates Corporation 9 6.76% $5,020
    GENEVA FINANCIAL, LLC 6 6.69% $8,047
    FREEDOM MORTGAGE CORPORATION 6 6.25% $13,520
    TOWNE MORTGAGE COMPANY 5 6.60% $11,089
    BROKER SOLUTIONS, INC. 5 7.15% $11,122
    Mortgage Research Center, LLC 5 6.57% $5,372
    ENDEAVOR CAPITAL, LLC. 4 6.37% $8,542
    AMERICAN FINANCIAL RESOURCES, INC. 4 7.25% $9,519
    GERSHMAN INVESTMENT CORP. 4 6.59% $5,600
    Regions Bank 4 6.75% $5,522
    Mr. Cooper ( Nationstar Mortgage ) 3 6.75% $10,798
    MUTUAL OF OMAHA MORTGAGE, INC. 3 7.08% $12,571
    LOANDEPOT.COM, LLC 3 6.12% $9,633
    Bell Bank 2 7.00% $6,766
    VILLAGE CAPITAL MORTGAGE 2 7.00% $3,584
    CARDINAL FINANCIAL 2 7.00% $14,647
    GUILD MORTGAGE COMPANY 2 6.38% $9,848
    Hawthorn Bank 2 6.06% $6,628
    Equity Prime Mortgage LLC 2 6.31% $10,311
    PENNYMAC LOAN SERVICES, LLC 2 6.00% $8,821
    AMERICAN FINANCING CORPORATION 2 5.68% $7,721
    PLANET HOME LENDING, LLC 2 6.31% $4,429
    LAKEVIEW LOAN SERVICING, LLC 2 6.69% $8,030
    ON Q FINANCIAL, INC. 1 7.13% $7,733
    OPEN MORTGAGE, LLC 1 7.75% $8,444
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.75% $4,963
    Simmons Bank 1 6.25% $6,939
    SUN WEST MORTGAGE COMPANY, INC. 1 6.88% $12,085
    Barrington Bank & Trust Company, N.A. 1 6.75% $9,531
    The Federal Savings Bank 1 7.25% $9,970
    American Mortgage & Equity Consultants, Inc. 1 6.13% $11,629
    TruHome Solutions, LLC 1 6.63% $8,558
    First Bank 1 5.75% $9,674
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.49% $15,050
    Flagstar Bank, FSB 1 5.25% $7,488
    AMERICAN FINANCIAL NETWORK, INC. 1 6.63% $12,994
    Commerce Bank 1 6.88% $6,809
    CHURCHILL MORTGAGE CORPORATION 1 8.00% $7,476
    GUARANTEED RATE, INC. 1 6.13% $10,720
    HOMESIDE FINANCIAL, LLC 1 5.75% $17,714
    LEADERONE FINANCIAL CORPORATION 1 6.25% $10,542
    LOANPAL, LLC 1 6.50% $8,780
    Carrington Mortgage Services, LLC 1 6.63% $11,124
    Mortgage Investment Services Corporation 1 6.25% $9,644
    M&T Bank 1 6.25% $7,699
    NEW DAY FINANCIAL, LLC 1 7.99% $5,543

    The top Jefferson City FHA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 82 FHA loans originated. Their average total fees are $7,966, which is $2,234 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Jefferson City FHA lenders (with over 10 loans originated) are The Central Trust Bank ($7,126), FLAT BRANCH MORTGAGE, INC. ($7,966), DAS Acquisition Company, LLC ($8,258), UNITED WHOLESALE MORTGAGE, LLC ($8,682) and QUICKEN LOANS, LLC ($10,200).

    The lowest rate Jefferson City FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.17%), QUICKEN LOANS, LLC (6.37%), The Central Trust Bank (6.62%), DAS Acquisition Company, LLC (6.63%) and FLAT BRANCH MORTGAGE, INC. (6.66%).

    Jefferson City FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    JEFFERSON CITY, MO CALLAWAY 2022 $420,680 $538,650 $651,050 $809,150
    JEFFERSON CITY, MO COLE 2022 $420,680 $538,650 $651,050 $809,150
    JEFFERSON CITY, MO MONITEAU 2022 $420,680 $538,650 $651,050 $809,150
    JEFFERSON CITY, MO OSAGE 2022 $420,680 $538,650 $651,050 $809,150
    JEFFERSON CITY, MO CALLAWAY 2023 $472,030 $604,400 $730,525 $907,900
    JEFFERSON CITY, MO COLE 2023 $472,030 $604,400 $730,525 $907,900
    JEFFERSON CITY, MO MONITEAU 2023 $472,030 $604,400 $730,525 $907,900
    JEFFERSON CITY, MO OSAGE 2023 $472,030 $604,400 $730,525 $907,900

    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).