Jefferson City FHA Loan Rates, Closing Costs & Stats
JEFFERSON CITY, MO
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 57 lenders originated 293 FHA loans during 2023. The total origination value was $55,775,000, with an average FHA loan value of $190,358.
Jefferson City FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Jefferson City
averaged
0.02%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Jefferson City's average FHA mortgage closing costs are $5,861.
The average rate for the prior week (2024-11-22) was
6.42% and
one month ago for the week of 2024-10-25, the
average rate was 6.39%.
The average rate one year ago was 7.08%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.13%.
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.
The top Jefferson City FHA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with
84 FHA loans originated. Their average total fees are
$7,121, which is $1,629
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Jefferson City FHA lenders (with over 10 loans originated) are
Midwest Mortgage Associates Corporation ($5,230), The Central Trust Bank ($6,827), FLAT BRANCH MORTGAGE, INC. ($7,121), UNITED WHOLESALE MORTGAGE, LLC ($8,734) and QUICKEN LOANS, LLC ($8,750).
The lowest rate Jefferson City FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.30%), Midwest Mortgage Associates Corporation (6.46%), The Central Trust Bank (6.54%), FLAT BRANCH MORTGAGE, INC. (6.88%) and UNITED WHOLESALE MORTGAGE, LLC (6.93%).
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 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Jefferson City (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 | $146,700 (14.2%) | $187,716 (11.7%) | 0.54 | 387 |
2018-02-01 | $151,950 (17.0%) | $195,670 (17.1%) | 0.55 | 379 |
2018-03-01 | $149,900 (15.4%) | $199,251 (17.9%) | 0.53 | 394 |
2018-04-01 | $170,700 (22.0%) | $211,671 (15.3%) | 0.58 | 407 |
2018-05-01 | $174,900 (20.7%) | $216,452 (14.6%) | 0.58 | 413 |
2018-06-01 | $179,900 (24.2%) | $224,786 (19.2%) | 0.60 | 415 |
2018-07-01 | $179,450 (23.8%) | $216,911 (14.3%) | 0.60 | 434 |
2018-08-01 | $177,475 (22.5%) | $206,792 (10.2%) | 0.59 | 476 |
2018-09-01 | $175,000 (20.7%) | $204,027 (7.3%) | 0.59 | 481 |
2018-10-01 | $166,175 (15.8%) | $197,231 (6.5%) | 0.56 | 480 |
2018-11-01 | $168,200 (16.0%) | $196,723 (6.7%) | 0.57 | 460 |
2018-12-01 | $164,950 (12.8%) | $195,750 (3.7%) | 0.57 | 446 |
2019-01-01 | $166,200 (13.3%) | $195,113 (3.9%) | 0.57 | 406 |
2019-02-01 | $154,425 (1.6%) | $188,022 (-3.9%) | 0.52 | 412 |
2019-03-01 | $160,079 (6.8%) | $192,838 (-3.2%) | 0.52 | 389 |
2019-04-01 | $168,875 (-1.1%) | $197,758 (-6.6%) | 0.54 | 384 |
2019-05-01 | $169,450 (-3.1%) | $207,046 (-4.4%) | 0.53 | 402 |
2019-06-01 | $177,000 (-1.6%) | $214,867 (-4.4%) | 0.55 | 423 |
2019-07-01 | $177,350 (-1.2%) | $218,750 (0.9%) | 0.56 | 408 |
2019-08-01 | $175,965 (-0.9%) | $217,556 (5.2%) | 0.56 | 407 |
2019-09-01 | $177,414 (1.4%) | $216,403 (6.1%) | 0.57 | 407 |
2019-10-01 | $176,559 (6.3%) | $212,795 (7.9%) | 0.57 | 406 |
2019-11-01 | $179,900 (7.0%) | $213,777 (8.7%) | 0.59 | 393 |
2019-12-01 | $179,950 (9.1%) | $214,696 (9.7%) | 0.60 | 361 |
2020-01-01 | $173,250 (4.2%) | $216,034 (10.7%) | 0.58 | 345 |
2020-02-01 | $177,000 (14.6%) | $227,371 (20.9%) | 0.58 | 331 |
2020-03-01 | $185,500 (15.9%) | $236,500 (22.6%) | 0.58 | 301 |
2020-04-01 | $196,970 (16.6%) | $234,636 (18.7%) | 0.62 | 285 |
2020-05-01 | $210,000 (23.9%) | $245,667 (18.7%) | 0.64 | 250 |
2020-06-01 | $213,700 (20.7%) | $248,132 (15.5%) | 0.63 | 249 |
2020-07-01 | $207,400 (16.9%) | $247,150 (13.0%) | 0.60 | 213 |
2020-08-01 | $204,900 (16.4%) | $245,885 (13.0%) | 0.59 | 189 |
2020-09-01 | $199,800 (12.6%) | $238,638 (10.3%) | 0.57 | 183 |
2020-10-01 | $179,700 (1.8%) | $231,733 (8.9%) | 0.51 | 169 |
2020-11-01 | $183,725 (2.1%) | $240,167 (12.3%) | 0.54 | 166 |
2020-12-01 | $178,700 (-0.7%) | $234,803 (9.4%) | 0.53 | 173 |
2021-01-01 | $178,700 (3.2%) | $232,148 (7.5%) | 0.53 | 142 |
2021-02-01 | $180,833 (2.2%) | $233,710 (2.8%) | 0.53 | 105 |
2021-03-01 | $196,175 (5.8%) | $247,269 (4.6%) | 0.56 | 85 |
2021-04-01 | $212,450 (7.9%) | $261,799 (11.6%) | 0.58 | 96 |
2021-05-01 | $182,400 (-13.1%) | $251,898 (2.5%) | 0.48 | 97 |
2021-06-01 | $199,900 (-6.5%) | $263,888 (6.4%) | 0.53 | 111 |
2021-07-01 | $193,900 (-6.5%) | $253,255 (2.5%) | 0.51 | 130 |
2021-08-01 | $199,050 (-2.9%) | $264,330 (7.5%) | 0.53 | 143 |
2021-09-01 | $218,575 (9.4%) | $271,787 (13.9%) | 0.58 | 154 |
2021-10-01 | $199,900 (11.2%) | $259,303 (11.9%) | 0.53 | 153 |
2021-11-01 | $188,350 (2.5%) | $279,364 (16.3%) | 0.50 | 148 |
2021-12-01 | $195,000 (9.1%) | $271,727 (15.7%) | 0.53 | 144 |
2022-01-01 | $192,000 (7.4%) | $279,057 (20.2%) | 0.52 | 119 |
2022-02-01 | $206,450 (14.2%) | $299,217 (28.0%) | 0.54 | 112 |
2022-03-01 | $198,950 (1.4%) | $297,224 (20.2%) | 0.50 | 102 |
2022-04-01 | $199,500 (-6.1%) | $289,557 (10.6%) | 0.48 | 116 |
2022-05-01 | $227,400 (24.7%) | $303,709 (20.6%) | 0.52 | 132 |
2022-06-01 | $238,725 (19.4%) | $296,505 (12.4%) | 0.53 | 161 |
2022-07-01 | $221,125 (14.0%) | $285,367 (12.7%) | 0.50 | 178 |
2022-08-01 | $217,925 (9.5%) | $298,331 (12.9%) | 0.50 | 186 |
2022-09-01 | $227,250 (4.0%) | $314,161 (15.6%) | 0.53 | 178 |
2022-10-01 | $199,900 (0.0%) | $282,806 (9.1%) | 0.47 | 197 |
2022-11-01 | $242,000 (28.5%) | $299,514 (7.2%) | 0.58 | 163 |
2022-12-01 | $259,900 (33.3%) | $325,852 (19.9%) | 0.64 | 150 |
2023-01-01 | $254,450 (32.5%) | $315,270 (13.0%) | 0.63 | 125 |
2023-02-01 | $259,950 (25.9%) | $320,178 (7.0%) | 0.63 | 122 |
2023-03-01 | $251,250 (26.3%) | $312,207 (5.0%) | 0.59 | 121 |
2023-04-01 | $278,400 (39.6%) | $333,228 (15.1%) | 0.65 | 128 |
2023-05-01 | $278,550 (22.5%) | $335,999 (10.6%) | 0.63 | 138 |
2023-06-01 | $266,150 (11.5%) | $338,133 (14.0%) | 0.60 | 148 |
2023-07-01 | $279,900 (26.6%) | $343,852 (20.5%) | 0.64 | 151 |
2023-08-01 | $319,900 (46.8%) | $379,804 (27.3%) | 0.73 | 149 |
2023-09-01 | $317,500 (39.7%) | $374,110 (19.1%) | 0.74 | 162 |
2023-10-01 | $315,000 (57.6%) | $357,981 (26.6%) | 0.74 | 174 |
2023-11-01 | $314,950 (30.1%) | $365,182 (21.9%) | 0.75 | 169 |
2023-12-01 | $302,488 (16.4%) | $364,517 (11.9%) | 0.74 | 150 |
2024-01-01 | $302,488 (18.9%) | $362,646 (15.0%) | 0.74 | 152 |
2024-02-01 | $314,900 (21.1%) | $362,458 (13.2%) | 0.76 | 142 |
2024-03-01 | $309,900 (23.3%) | $352,238 (12.8%) | 0.73 | 153 |
2024-04-01 | $289,325 (3.9%) | $361,009 (8.3%) | 0.67 | 149 |
2024-05-01 | $319,900 (14.8%) | $366,486 (9.1%) | 0.72 | 148 |
2024-06-01 | $334,900 (25.8%) | $399,501 (18.2%) | 0.75 | 184 |
2024-07-01 | $294,000 (5.0%) | $369,395 (7.4%) | 0.67 | 227 |
2024-08-01 | $298,000 (-6.9%) | $379,875 (0.0%) | 0.69 | 242 |
2024-09-01 | $292,725 (-7.8%) | $403,151 (7.8%) | 0.69 | 263 |
2024-10-01 | $299,450 (-4.9%) | $409,527 (14.4%) | 0.70 | 283 |
Jefferson City's median listing price comes in at 70% of the national average.
Jefferson City's average listing price for 2024-10-01 was $409,527, a difference of $51,546 (14.4%) versus the prior year and $6,376 versus the prior month.
For the 2024-10-01 period, Jefferson City had 283 MLS listings, a difference of 20 listings (8%) versus the prior month and 109 listings (63%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Jefferson City (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 79 days | 1,944 sqft |
2018-02-01 | 71 days | 1,977 sqft |
2018-03-01 | 56 days | 1,978 sqft |
2018-04-01 | 50 days | 2,028 sqft |
2018-05-01 | 52 days | 2,111 sqft |
2018-06-01 | 53 days | 2,118 sqft |
2018-07-01 | 54 days | 2,124 sqft |
2018-08-01 | 58 days | 2,098 sqft |
2018-09-01 | 60 days | 2,010 sqft |
2018-10-01 | 65 days | 1,983 sqft |
2018-11-01 | 70 days | 1,961 sqft |
2018-12-01 | 78 days | 1,876 sqft |
2019-01-01 | 82 days | 1,870 sqft |
2019-02-01 | 82 days | 1,810 sqft |
2019-03-01 | 67 days | 1,831 sqft |
2019-04-01 | 51 days | 1,878 sqft |
2019-05-01 | 42 days | 1,943 sqft |
2019-06-01 | 44 days | 2,021 sqft |
2019-07-01 | 58 days | 1,994 sqft |
2019-08-01 | 57 days | 1,985 sqft |
2019-09-01 | 55 days | 1,978 sqft |
2019-10-01 | 55 days | 1,949 sqft |
2019-11-01 | 63 days | 1,922 sqft |
2019-12-01 | 74 days | 1,952 sqft |
2020-01-01 | 78 days | 1,966 sqft |
2020-02-01 | 68 days | 1,986 sqft |
2020-03-01 | 53 days | 2,041 sqft |
2020-04-01 | 64 days | 2,005 sqft |
2020-05-01 | 59 days | 2,131 sqft |
2020-06-01 | 47 days | 2,016 sqft |
2020-07-01 | 52 days | 2,101 sqft |
2020-08-01 | 40 days | 2,100 sqft |
2020-09-01 | 35 days | 2,040 sqft |
2020-10-01 | 34 days | 1,874 sqft |
2020-11-01 | 37 days | 1,946 sqft |
2020-12-01 | 36 days | 1,812 sqft |
2021-01-01 | 47 days | 1,786 sqft |
2021-02-01 | 37 days | 1,774 sqft |
2021-03-01 | 25 days | 1,884 sqft |
2021-04-01 | 16 days | 2,016 sqft |
2021-05-01 | 16 days | 1,836 sqft |
2021-06-01 | 16 days | 1,919 sqft |
2021-07-01 | 18 days | 1,875 sqft |
2021-08-01 | 19 days | 1,977 sqft |
2021-09-01 | 23 days | 1,845 sqft |
2021-10-01 | 29 days | 1,748 sqft |
2021-11-01 | 35 days | 1,675 sqft |
2021-12-01 | 45 days | 1,828 sqft |
2022-01-01 | 52 days | 1,847 sqft |
2022-02-01 | 39 days | 1,810 sqft |
2022-03-01 | 29 days | 1,878 sqft |
2022-04-01 | 22 days | 1,873 sqft |
2022-05-01 | 25 days | 1,991 sqft |
2022-06-01 | 23 days | 1,770 sqft |
2022-07-01 | 39 days | 1,742 sqft |
2022-08-01 | 35 days | 1,831 sqft |
2022-09-01 | 44 days | 1,905 sqft |
2022-10-01 | 41 days | 1,728 sqft |
2022-11-01 | 51 days | 1,783 sqft |
2022-12-01 | 64 days | 1,859 sqft |
2023-01-01 | 64 days | 1,805 sqft |
2023-02-01 | 47 days | 1,848 sqft |
2023-03-01 | 38 days | 1,860 sqft |
2023-04-01 | 27 days | 1,879 sqft |
2023-05-01 | 27 days | 1,889 sqft |
2023-06-01 | 36 days | 1,862 sqft |
2023-07-01 | 30 days | 1,949 sqft |
2023-08-01 | 37 days | 2,066 sqft |
2023-09-01 | 38 days | 2,086 sqft |
2023-10-01 | 39 days | 1,988 sqft |
2023-11-01 | 41 days | 2,018 sqft |
2023-12-01 | 56 days | 2,097 sqft |
2024-01-01 | 58 days | 2,034 sqft |
2024-02-01 | 40 days | 2,049 sqft |
2024-03-01 | 37 days | 1,961 sqft |
2024-04-01 | 33 days | 1,944 sqft |
2024-05-01 | 31 days | 1,915 sqft |
2024-06-01 | 29 days | 2,001 sqft |
2024-07-01 | 36 days | 1,948 sqft |
2024-08-01 | 39 days | 1,940 sqft |
2024-09-01 | 39 days | 1,941 sqft |
2024-10-01 | 49 days | 1,985 sqft |
Jefferson City's median square footage for active listings during the 2024-10-01 period was 1,985 sqft. One year prior, the average listing was 1,988 sqft.