Jefferson City FHA Loans
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 55 lenders originated 475 FHA loans during 2021. The total origination value was $75,545,000, with an average FHA loan value of $159,042.
Jefferson City FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Jefferson City
averaged
5.35%
for the week of 2022-05-13, compared to the national average (all FHA variants) of
5.361% for the same period.
The average rate for the prior week (2022-05-06) was
5.58% and
one month ago for the week of 2022-04-08, the
average rate was 4.85%.
The average rate one year ago was 3.25%.
For refis of the same type during the week of 2022-05-13, the average rate
was 4.99%.
Jefferson City FHA Loan Lenders by Rates & Fees
The below table looks at the average fees 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
97 FHA loans originated. Their average total fees are
$5,530, which is $133
lower than the next largest lender,
The Central Trust Bank.
The lowest fee Jefferson City FHA lenders (with over 10 loans originated) are
VILLAGE CAPITAL & INVESTMENT LLC ($2,125), FREEDOM MORTGAGE CORPORATION ($3,394), LAKEVIEW LOAN SERVICING, LLC ($3,535), CMG MORTGAGE, INC. ($4,383) and HOME POINT FINANCIAL CORPORATION ($4,692).
The lowest rate Jefferson City FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (2.79%), Midwest Mortgage Associates Corporation (2.85%), VILLAGE CAPITAL & INVESTMENT LLC (2.88%), HOME POINT FINANCIAL CORPORATION (2.96%) and FREEDOM MORTGAGE CORPORATION (3.00%).
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 |
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 | $149,950 (15.8%) | $193,359 (14.5%) | 0.55 | 472 |
2018-02-01 | $161,200 (24.1%) | $201,302 (18.6%) | 0.58 | 447 |
2018-03-01 | $159,900 (21.2%) | $206,509 (19.6%) | 0.55 | 470 |
2018-04-01 | $174,900 (20.6%) | $219,651 (16.3%) | 0.59 | 500 |
2018-05-01 | $179,450 (19.7%) | $222,820 (14.7%) | 0.60 | 519 |
2018-06-01 | $186,900 (24.7%) | $230,948 (16.8%) | 0.62 | 537 |
2018-07-01 | $182,000 (22.2%) | $222,157 (12.5%) | 0.61 | 565 |
2018-08-01 | $177,450 (22.4%) | $208,583 (6.7%) | 0.59 | 618 |
2018-09-01 | $169,900 (13.3%) | $202,348 (2.2%) | 0.57 | 634 |
2018-10-01 | $164,900 (11.4%) | $194,505 (0.9%) | 0.55 | 642 |
2018-11-01 | $169,900 (14.8%) | $194,750 (2.7%) | 0.57 | 600 |
2018-12-01 | $169,900 (10.3%) | $197,888 (1.8%) | 0.58 | 569 |
2019-01-01 | $168,700 (12.5%) | $199,206 (3.0%) | 0.58 | 518 |
2019-02-01 | $159,450 (-1.1%) | $190,261 (-5.5%) | 0.53 | 521 |
2019-03-01 | $164,186 (2.7%) | $193,999 (-6.1%) | 0.54 | 494 |
2019-04-01 | $169,900 (-2.9%) | $198,564 (-9.6%) | 0.54 | 491 |
2019-05-01 | $173,200 (-3.5%) | $209,279 (-6.1%) | 0.53 | 511 |
2019-06-01 | $178,900 (-4.3%) | $216,899 (-6.1%) | 0.55 | 562 |
2019-07-01 | $182,400 (0.2%) | $219,500 (-1.2%) | 0.57 | 555 |
2019-08-01 | $177,800 (0.2%) | $218,887 (4.9%) | 0.56 | 531 |
2019-09-01 | $177,250 (4.3%) | $217,872 (7.7%) | 0.56 | 504 |
2019-10-01 | $177,400 (7.6%) | $210,829 (8.4%) | 0.57 | 557 |
2019-11-01 | $179,900 (5.9%) | $214,074 (9.9%) | 0.58 | 530 |
2019-12-01 | $184,900 (8.8%) | $212,907 (7.6%) | 0.62 | 479 |
2020-01-01 | $174,450 (3.4%) | $213,718 (7.3%) | 0.58 | 463 |
2020-02-01 | $174,900 (9.7%) | $217,749 (14.5%) | 0.56 | 444 |
2020-03-01 | $182,450 (11.1%) | $224,864 (15.9%) | 0.57 | 400 |
2020-04-01 | $196,450 (15.6%) | $228,769 (15.2%) | 0.61 | 385 |
2020-05-01 | $208,000 (20.1%) | $236,217 (12.9%) | 0.63 | 329 |
2020-06-01 | $202,425 (13.2%) | $239,836 (10.6%) | 0.59 | 325 |
2020-07-01 | $199,900 (9.6%) | $237,803 (8.3%) | 0.57 | 286 |
2020-08-01 | $199,900 (12.4%) | $240,138 (9.7%) | 0.57 | 258 |
2020-09-01 | $192,500 (8.6%) | $235,110 (7.9%) | 0.55 | 257 |
2020-10-01 | $174,900 (-1.4%) | $225,776 (7.1%) | 0.50 | 242 |
2020-11-01 | $189,900 (5.6%) | $234,529 (9.6%) | 0.54 | 239 |
2020-12-01 | $182,450 (-1.3%) | $233,079 (9.5%) | 0.54 | 247 |
2021-01-01 | $185,900 (6.6%) | $237,956 (11.3%) | 0.55 | 209 |
2021-02-01 | $175,000 (0.1%) | $227,972 (4.7%) | 0.50 | 146 |
2021-03-01 | $210,000 (15.1%) | $250,940 (11.6%) | 0.59 | 122 |
2021-04-01 | $200,000 (1.8%) | $254,007 (11.0%) | 0.54 | 138 |
2021-05-01 | $184,900 (-11.1%) | $238,777 (1.1%) | 0.49 | 132 |
2021-06-01 | $195,000 (-3.7%) | $259,865 (8.4%) | 0.51 | 147 |
2021-07-01 | $185,000 (-7.5%) | $249,691 (5.0%) | 0.48 | 171 |
2021-08-01 | $195,950 (-2.0%) | $262,699 (9.4%) | 0.52 | 184 |
2021-09-01 | $199,500 (3.6%) | $264,229 (12.4%) | 0.53 | 208 |
2021-10-01 | $179,900 (2.9%) | $256,746 (13.7%) | 0.47 | 200 |
2021-11-01 | $181,950 (-4.2%) | $290,189 (23.7%) | 0.48 | 197 |
2021-12-01 | $195,000 (6.9%) | $288,464 (23.8%) | 0.52 | 196 |
2022-01-01 | $181,900 (-2.2%) | $295,823 (24.3%) | 0.49 | 158 |
2022-02-01 | $203,700 (16.4%) | $310,773 (36.3%) | 0.52 | 154 |
2022-03-01 | $201,450 (-4.1%) | $309,216 (23.2%) | 0.50 | 149 |
2022-04-01 | $195,000 (-2.5%) | $310,908 (22.4%) | 0.46 | 166 |
Jefferson City's median listing price comes in at 46% of the national average.
Jefferson City's average listing price for 2022-04-01 was $310,908, a difference of $56,901 (22.4%) versus the prior year and $1,692 versus the prior month.
For the 2022-04-01 period, Jefferson City had 166 MLS listings, a difference of 17 listings (11%) versus the prior month and 28 listings (20%) 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 | 86 days | 1,979 sqft |
2018-02-01 | 78 days | 2,004 sqft |
2018-03-01 | 58 days | 1,988 sqft |
2018-04-01 | 51 days | 2,055 sqft |
2018-05-01 | 53 days | 2,110 sqft |
2018-06-01 | 53 days | 2,100 sqft |
2018-07-01 | 56 days | 2,093 sqft |
2018-08-01 | 59 days | 2,019 sqft |
2018-09-01 | 60 days | 1,966 sqft |
2018-10-01 | 66 days | 1,946 sqft |
2018-11-01 | 72 days | 1,920 sqft |
2018-12-01 | 80 days | 1,872 sqft |
2019-01-01 | 88 days | 1,859 sqft |
2019-02-01 | 87 days | 1,805 sqft |
2019-03-01 | 64 days | 1,802 sqft |
2019-04-01 | 56 days | 1,836 sqft |
2019-05-01 | 45 days | 1,950 sqft |
2019-06-01 | 44 days | 2,038 sqft |
2019-07-01 | 58 days | 2,033 sqft |
2019-08-01 | 63 days | 1,989 sqft |
2019-09-01 | 59 days | 1,967 sqft |
2019-10-01 | 57 days | 1,980 sqft |
2019-11-01 | 65 days | 1,966 sqft |
2019-12-01 | 79 days | 1,973 sqft |
2020-01-01 | 85 days | 1,962 sqft |
2020-02-01 | 80 days | 1,986 sqft |
2020-03-01 | 62 days | 2,019 sqft |
2020-04-01 | 63 days | 2,082 sqft |
2020-05-01 | 64 days | 2,129 sqft |
2020-06-01 | 59 days | 2,007 sqft |
2020-07-01 | 58 days | 2,062 sqft |
2020-08-01 | 56 days | 2,037 sqft |
2020-09-01 | 39 days | 2,000 sqft |
2020-10-01 | 38 days | 1,830 sqft |
2020-11-01 | 40 days | 1,942 sqft |
2020-12-01 | 43 days | 1,842 sqft |
2021-01-01 | 56 days | 1,852 sqft |
2021-02-01 | 56 days | 1,770 sqft |
2021-03-01 | 34 days | 1,806 sqft |
2021-04-01 | 22 days | 1,960 sqft |
2021-05-01 | 22 days | 1,770 sqft |
2021-06-01 | 17 days | 1,878 sqft |
2021-07-01 | 20 days | 1,874 sqft |
2021-08-01 | 22 days | 1,907 sqft |
2021-09-01 | 24 days | 1,825 sqft |
2021-10-01 | 31 days | 1,669 sqft |
2021-11-01 | 34 days | 1,688 sqft |
2021-12-01 | 47 days | 1,830 sqft |
2022-01-01 | 59 days | 1,824 sqft |
2022-02-01 | 44 days | 1,803 sqft |
2022-03-01 | 36 days | 1,892 sqft |
2022-04-01 | 28 days | 1,850 sqft |
Jefferson City's median square footage for active listings during the 2022-04-01 period was 1,850 sqft. One year prior, the average listing was 1,960 sqft.