Kennett FHA Loan Rates, Closing Costs & Stats
Kennett, 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.
Kennett's 15 lenders originated 51 FHA loans during 2023. The total origination value was $6,925,000, with an average FHA loan value of $135,784.
Kennett FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Kennett
averaged
-0.01%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Kennett's average FHA mortgage closing costs are $6,044.
The average rate for the prior week (2024-11-22) was
6.48% and
one month ago for the week of 2024-10-25, the
average rate was 6.56%.
The average rate one year ago was 7.25%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.2%.
Kennett 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 Kennett level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
DAS Acquisition Company, LLC | 18 | 6.85% | $8,805 |
QUICKEN LOANS, LLC | 10 | 6.41% | $7,651 |
Flanagan State Bank | 3 | 6.42% | $6,941 |
EVERETT FINANCIAL, INC. | 3 | 6.08% | $5,256 |
AMERISAVE MORTGAGE CORPORATION | 3 | 6.25% | $7,908 |
BROKER SOLUTIONS, INC. | 2 | 6.69% | $7,357 |
First Financial Bank | 2 | 6.38% | $7,969 |
UNITED WHOLESALE MORTGAGE, LLC | 1 | 5.21% | $12,390 |
U.S. Bank | 1 | 7.25% | $4,169 |
CROSSCOUNTRY MORTGAGE, LLC | 1 | 6.99% | $4,749 |
FLAT BRANCH MORTGAGE, INC. | 1 | 8.13% | $4,505 |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | 1 | 6.75% | $12,359 |
Midwest Mortgage Associates Corporation | 1 | 6.25% | $2,079 |
MUTUAL OF OMAHA MORTGAGE, INC. | 1 | 7.75% | $6,689 |
NEWREZ LLC | 1 | 6.25% | $5,220 |
The top Kennett FHA lender as defined by loan originations is DAS Acquisition Company, LLC, with
18 FHA loans originated. Their average total fees are
$8,805, which is $1,154
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Kennett FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC ($7,651), DAS Acquisition Company, LLC ($8,805), .
The lowest rate Kennett FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.41%), DAS Acquisition Company, LLC (6.85%), .
Kennett FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
KENNETT, MO | DUNKLIN | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
KENNETT, MO | DUNKLIN | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Kennett (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 | $76,225 (29.2%) | $98,735 (83.3%) | 0.00 | 18 |
2018-02-01 | $76,225 (27.7%) | $111,248 (68.0%) | 0.00 | 21 |
2018-03-01 | $78,000 (31.9%) | $114,265 (78.6%) | 0.00 | 18 |
2018-04-01 | $71,475 (23.2%) | $105,897 (64.8%) | 0.00 | 18 |
2018-05-01 | $69,125 (19.4%) | $101,588 (44.3%) | 0.00 | 22 |
2018-06-01 | $69,500 (24.7%) | $94,465 (9.9%) | 0.00 | 20 |
2018-07-01 | $69,600 (20.0%) | $81,768 (-11.5%) | 0.00 | 18 |
2018-08-01 | $73,725 (-4.2%) | $79,701 (-21.7%) | 0.00 | 17 |
2018-09-01 | $89,200 (-0.8%) | $80,310 (-27.3%) | 0.00 | 18 |
2018-10-01 | $98,750 (30.9%) | $82,914 (-21.5%) | 0.00 | 17 |
2018-11-01 | $98,500 (51.5%) | $80,245 (-13.4%) | 0.00 | 15 |
2018-12-01 | $99,500 (63.1%) | $88,164 (25.6%) | 0.00 | 13 |
2019-01-01 | $84,550 (10.9%) | $76,877 (-22.1%) | 0.00 | 15 |
2019-02-01 | $79,900 (4.8%) | $74,487 (-33.0%) | 0.00 | 15 |
2019-03-01 | $70,257 (-9.9%) | $71,748 (-37.2%) | 0.00 | 18 |
2019-04-01 | $67,400 (-5.7%) | $71,016 (-32.9%) | 0.00 | 21 |
2019-05-01 | $70,975 (2.7%) | $73,761 (-27.4%) | 0.00 | 24 |
2019-06-01 | $74,500 (7.2%) | $96,743 (2.4%) | 0.00 | 37 |
2019-07-01 | $79,300 (13.9%) | $109,577 (34.0%) | 0.00 | 39 |
2019-08-01 | $79,936 (8.4%) | $110,422 (38.5%) | 0.00 | 62 |
2019-09-01 | $85,541 (-4.1%) | $116,481 (45.0%) | 0.00 | 94 |
2019-10-01 | $89,900 (-9.0%) | $120,905 (45.8%) | 0.00 | 115 |
2019-11-01 | $86,000 (-12.7%) | $118,225 (47.3%) | 0.00 | 113 |
2019-12-01 | $85,725 (-13.8%) | $118,449 (34.4%) | 0.00 | 111 |
2020-01-01 | $85,175 (0.7%) | $116,884 (52.0%) | 0.00 | 105 |
2020-02-01 | $80,000 (0.1%) | $117,549 (57.8%) | 0.00 | 98 |
2020-03-01 | $79,950 (13.8%) | $111,759 (55.8%) | 0.00 | 101 |
2020-04-01 | $79,350 (17.7%) | $106,922 (50.6%) | 0.00 | 94 |
2020-05-01 | $79,950 (12.7%) | $108,257 (46.8%) | 0.00 | 86 |
2020-06-01 | $83,000 (11.4%) | $112,118 (15.9%) | 0.00 | 78 |
2020-07-01 | $82,000 (3.4%) | $111,173 (1.5%) | 0.00 | 87 |
2020-08-01 | $79,900 (-0.1%) | $104,843 (-5.1%) | 0.00 | 87 |
2020-09-01 | $79,400 (-7.2%) | $105,143 (-9.7%) | 0.00 | 80 |
2020-10-01 | $82,450 (-8.3%) | $105,478 (-12.8%) | 0.00 | 81 |
2020-11-01 | $87,250 (1.5%) | $107,633 (-9.0%) | 0.00 | 76 |
2020-12-01 | $97,375 (13.6%) | $114,047 (-3.7%) | 0.00 | 73 |
2021-01-01 | $89,900 (5.6%) | $110,890 (-5.1%) | 0.00 | 77 |
2021-02-01 | $79,700 (-0.4%) | $102,298 (-13.0%) | 0.00 | 78 |
2021-03-01 | $78,575 (-1.7%) | $103,689 (-7.2%) | 0.00 | 73 |
2021-04-01 | $76,500 (-3.6%) | $102,579 (-4.1%) | 0.00 | 79 |
2021-05-01 | $78,450 (-1.9%) | $101,430 (-6.3%) | 0.00 | 79 |
2021-06-01 | $80,950 (-2.5%) | $105,149 (-6.2%) | 0.00 | 83 |
2021-07-01 | $77,000 (-6.1%) | $97,575 (-12.2%) | 0.00 | 82 |
2021-08-01 | $79,900 (0.0%) | $99,428 (-5.2%) | 0.00 | 87 |
2021-09-01 | $79,900 (0.6%) | $100,334 (-4.6%) | 0.00 | 83 |
2021-10-01 | $89,900 (9.0%) | $111,651 (5.9%) | 0.00 | 74 |
2021-11-01 | $89,950 (3.1%) | $115,599 (7.4%) | 0.00 | 71 |
2021-12-01 | $87,425 (-10.2%) | $112,061 (-1.7%) | 0.00 | 66 |
2022-01-01 | $87,400 (-2.8%) | $109,423 (-1.3%) | 0.00 | 61 |
2022-02-01 | $81,375 (2.1%) | $109,660 (7.2%) | 0.00 | 57 |
2022-03-01 | $97,400 (24.0%) | $122,006 (17.7%) | 0.00 | 53 |
2022-04-01 | $79,950 (4.5%) | $116,218 (13.3%) | 0.00 | 62 |
2022-05-01 | $80,000 (2.0%) | $114,960 (13.3%) | 0.00 | 65 |
2022-06-01 | $82,450 (1.9%) | $118,152 (12.4%) | 0.00 | 56 |
2022-07-01 | $89,900 (16.8%) | $119,838 (22.8%) | 0.00 | 57 |
2022-08-01 | $89,013 (11.4%) | $118,640 (19.3%) | 0.00 | 61 |
2022-09-01 | $110,000 (37.7%) | $124,147 (23.7%) | 0.00 | 61 |
2022-10-01 | $102,250 (13.7%) | $118,614 (6.2%) | 0.00 | 74 |
2022-11-01 | $103,750 (15.3%) | $115,130 (-0.4%) | 0.00 | 103 |
2022-12-01 | $96,250 (10.1%) | $112,488 (0.4%) | 0.00 | 95 |
2023-01-01 | $96,750 (10.7%) | $113,430 (3.7%) | 0.00 | 76 |
2023-02-01 | $101,075 (24.2%) | $114,176 (4.1%) | 0.00 | 64 |
2023-03-01 | $103,350 (6.1%) | $118,302 (-3.0%) | 0.00 | 57 |
2023-04-01 | $102,200 (27.8%) | $119,265 (2.6%) | 0.00 | 62 |
2023-05-01 | $120,000 (50.0%) | $125,881 (9.5%) | 0.00 | 65 |
2023-06-01 | $125,250 (51.9%) | $140,129 (18.6%) | 0.00 | 60 |
2023-07-01 | $115,750 (28.8%) | $133,846 (11.7%) | 0.00 | 62 |
2023-08-01 | $118,500 (33.1%) | $142,914 (20.5%) | 0.00 | 62 |
2023-09-01 | $112,500 (2.3%) | $132,077 (6.4%) | 0.00 | 67 |
2023-10-01 | $112,125 (9.7%) | $126,704 (6.8%) | 0.00 | 74 |
2023-11-01 | $114,250 (10.1%) | $132,953 (15.5%) | 0.00 | 86 |
2023-12-01 | $114,250 (18.7%) | $129,205 (14.9%) | 0.00 | 88 |
2024-01-01 | $119,750 (23.8%) | $134,745 (18.8%) | 0.00 | 81 |
2024-02-01 | $120,000 (18.7%) | $134,178 (17.5%) | 0.00 | 76 |
2024-03-01 | $113,500 (9.8%) | $121,342 (2.6%) | 0.00 | 71 |
2024-04-01 | $115,000 (12.5%) | $127,040 (6.5%) | 0.00 | 69 |
2024-05-01 | $99,900 (-16.8%) | $130,077 (3.3%) | 0.00 | 66 |
2024-06-01 | $110,000 (-12.2%) | $155,103 (10.7%) | 0.00 | 68 |
2024-07-01 | $114,975 (-0.7%) | $154,503 (15.4%) | 0.00 | 67 |
2024-08-01 | $99,900 (-15.7%) | $145,014 (1.5%) | 0.00 | 70 |
2024-09-01 | $112,500 (0.0%) | $148,388 (12.4%) | 0.00 | 85 |
2024-10-01 | $99,975 (-10.8%) | $138,579 (9.4%) | 0.00 | 101 |
Kennett's median listing price comes in at 0% of the national average.
Kennett's average listing price for 2024-10-01 was $138,579, a difference of $11,875 (9.4%) versus the prior year and $-9,809 versus the prior month.
For the 2024-10-01 period, Kennett had 101 MLS listings, a difference of 16 listings (19%) versus the prior month and 27 listings (36%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Kennett (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,908 sqft |
2018-02-01 | 0 days | 1,979 sqft |
2018-03-01 | 0 days | 1,836 sqft |
2018-04-01 | 0 days | 1,819 sqft |
2018-05-01 | 0 days | 1,687 sqft |
2018-06-01 | 0 days | 1,687 sqft |
2018-07-01 | 0 days | 1,836 sqft |
2018-08-01 | 0 days | 1,714 sqft |
2018-09-01 | 0 days | 1,572 sqft |
2018-10-01 | 0 days | 1,721 sqft |
2018-11-01 | 0 days | 1,870 sqft |
2018-12-01 | 0 days | 1,853 sqft |
2019-01-01 | 0 days | 1,770 sqft |
2019-02-01 | 0 days | 1,704 sqft |
2019-03-01 | 0 days | 1,509 sqft |
2019-04-01 | 0 days | 1,454 sqft |
2019-05-01 | 0 days | 1,463 sqft |
2019-06-01 | 0 days | 1,523 sqft |
2019-07-01 | 0 days | 1,859 sqft |
2019-08-01 | 0 days | 1,815 sqft |
2019-09-01 | 0 days | 1,830 sqft |
2019-10-01 | 0 days | 1,845 sqft |
2019-11-01 | 0 days | 1,834 sqft |
2019-12-01 | 0 days | 1,838 sqft |
2020-01-01 | 0 days | 1,809 sqft |
2020-02-01 | 0 days | 1,766 sqft |
2020-03-01 | 0 days | 1,699 sqft |
2020-04-01 | 0 days | 1,592 sqft |
2020-05-01 | 0 days | 1,592 sqft |
2020-06-01 | 0 days | 1,578 sqft |
2020-07-01 | 0 days | 1,521 sqft |
2020-08-01 | 0 days | 1,509 sqft |
2020-09-01 | 0 days | 1,530 sqft |
2020-10-01 | 0 days | 1,548 sqft |
2020-11-01 | 0 days | 1,562 sqft |
2020-12-01 | 0 days | 1,596 sqft |
2021-01-01 | 0 days | 1,583 sqft |
2021-02-01 | 0 days | 1,574 sqft |
2021-03-01 | 0 days | 1,545 sqft |
2021-04-01 | 0 days | 1,542 sqft |
2021-05-01 | 0 days | 1,540 sqft |
2021-06-01 | 0 days | 1,512 sqft |
2021-07-01 | 0 days | 1,487 sqft |
2021-08-01 | 0 days | 1,507 sqft |
2021-09-01 | 0 days | 1,500 sqft |
2021-10-01 | 0 days | 1,520 sqft |
2021-11-01 | 0 days | 1,530 sqft |
2021-12-01 | 0 days | 1,498 sqft |
2022-01-01 | 0 days | 1,470 sqft |
2022-02-01 | 0 days | 1,321 sqft |
2022-03-01 | 0 days | 1,389 sqft |
2022-04-01 | 0 days | 1,409 sqft |
2022-05-01 | 0 days | 1,391 sqft |
2022-06-01 | 0 days | 1,441 sqft |
2022-07-01 | 0 days | 1,473 sqft |
2022-08-01 | 0 days | 1,441 sqft |
2022-09-01 | 0 days | 1,486 sqft |
2022-10-01 | 0 days | 1,396 sqft |
2022-11-01 | 0 days | 1,455 sqft |
2022-12-01 | 0 days | 1,396 sqft |
2023-01-01 | 0 days | 1,444 sqft |
2023-02-01 | 0 days | 1,532 sqft |
2023-03-01 | 0 days | 1,596 sqft |
2023-04-01 | 0 days | 1,562 sqft |
2023-05-01 | 0 days | 1,628 sqft |
2023-06-01 | 0 days | 1,650 sqft |
2023-07-01 | 0 days | 1,571 sqft |
2023-08-01 | 0 days | 1,560 sqft |
2023-09-01 | 0 days | 1,473 sqft |
2023-10-01 | 0 days | 1,489 sqft |
2023-11-01 | 0 days | 1,473 sqft |
2023-12-01 | 0 days | 1,490 sqft |
2024-01-01 | 0 days | 1,493 sqft |
2024-02-01 | 0 days | 1,527 sqft |
2024-03-01 | 0 days | 1,463 sqft |
2024-04-01 | 0 days | 1,407 sqft |
2024-05-01 | 0 days | 1,436 sqft |
2024-06-01 | 0 days | 1,512 sqft |
2024-07-01 | 0 days | 1,481 sqft |
2024-08-01 | 0 days | 1,397 sqft |
2024-09-01 | 0 days | 1,493 sqft |
2024-10-01 | 0 days | 1,530 sqft |
Kennett's median square footage for active listings during the 2024-10-01 period was 1,530 sqft. One year prior, the average listing was 1,489 sqft.