Moberly FHA Loan Rates, Closing Costs & Stats

Moberly, 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.

    Moberly's 21 lenders originated 76 FHA loans during 2023. The total origination value was $12,390,000, with an average FHA loan value of $163,026.

    Moberly FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Moberly averaged 6.64% for the week of 2024-11-08, compared to the national average (all FHA variants) of 6.425% for the same period.

    Moberly's average FHA mortgage closing costs are $5,369.

    The average rate for the prior week (2024-11-01) was 6.51% and one month ago for the week of 2024-10-04, the average rate was 6.23%.

    The average rate one year ago was 7.58%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.43%.

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

    Moberly 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 Moberly level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FLAT BRANCH MORTGAGE, INC. 13 6.66% $6,452
    QUICKEN LOANS, LLC 10 6.37% $7,680
    Midwest Mortgage Associates Corporation 10 6.41% $4,364
    PLAZA HOME MORTGAGE, INC. 9 6.79% $7,049
    The Central Trust Bank 6 7.06% $6,517
    DAS Acquisition Company, LLC 4 7.31% $8,685
    Carrington Mortgage Services, LLC 2 6.38% $7,433
    Mortgage Research Center, LLC 2 6.81% $5,261
    Mr. Cooper ( Nationstar Mortgage ) 2 5.94% $11,316
    LOANDEPOT.COM, LLC 2 6.56% $8,217
    Academy Bank 1 6.13% $4,478
    TruHome Solutions, LLC 1 7.50% $7,114
    AmeriHome Mortgage Company, LLC 1 7.13% $7,928
    CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $8,439
    FREEDOM MORTGAGE CORPORATION 1 7.25% $8,143
    GERSHMAN INVESTMENT CORP. 1 7.75% $4,137
    LAKEVIEW LOAN SERVICING, LLC 1 7.75% $6,506
    Members Mortgage Services, L.L.C. 1 7.13% $4,144
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.50% $8,210
    NP, Inc. 1 6.25% $8,497
    PHH Mortgage Corporation 1 6.13% $9,637

    The top Moberly FHA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 13 FHA loans originated. Their average total fees are $6,452, which is $1,228 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Moberly FHA lenders (with over 10 loans originated) are Midwest Mortgage Associates Corporation ($4,364), FLAT BRANCH MORTGAGE, INC. ($6,452), QUICKEN LOANS, LLC ($7,680), .

    The lowest rate Moberly FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.37%), Midwest Mortgage Associates Corporation (6.41%), FLAT BRANCH MORTGAGE, INC. (6.66%), .

    Moberly FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Moberly (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 $94,775 (10.4%) $137,610 (18.9%) 0.00 73
    2018-02-01 $89,900 (0.1%) $131,964 (11.5%) 0.00 72
    2018-03-01 $111,270 (-2.4%) $147,347 (15.8%) 0.00 69
    2018-04-01 $119,900 (29.0%) $148,803 (13.3%) 0.00 60
    2018-05-01 $127,400 (43.6%) $149,121 (13.1%) 0.00 63
    2018-06-01 $124,950 (31.9%) $146,187 (7.9%) 0.00 67
    2018-07-01 $93,975 (-14.6%) $138,341 (-7.5%) 0.00 88
    2018-08-01 $98,175 (-12.7%) $139,619 (-6.7%) 0.00 88
    2018-09-01 $89,900 (-14.0%) $149,000 (4.7%) 0.00 95
    2018-10-01 $122,400 (30.7%) $158,049 (16.5%) 0.00 74
    2018-11-01 $129,800 (37.7%) $169,596 (21.6%) 0.00 65
    2018-12-01 $139,950 (53.4%) $182,775 (30.7%) 0.00 64
    2019-01-01 $136,700 (44.2%) $187,231 (36.1%) 0.00 53
    2019-02-01 $142,450 (58.5%) $197,933 (50.0%) 0.00 55
    2019-03-01 $150,757 (35.5%) $196,248 (33.2%) 0.00 59
    2019-04-01 $147,107 (22.7%) $190,040 (27.7%) 0.00 65
    2019-05-01 $143,875 (12.9%) $191,559 (28.5%) 0.00 73
    2019-06-01 $154,900 (24.0%) $189,011 (29.3%) 0.00 91
    2019-07-01 $142,500 (51.6%) $181,795 (31.4%) 0.00 94
    2019-08-01 $132,991 (35.5%) $162,225 (16.2%) 0.00 102
    2019-09-01 $130,127 (44.8%) $157,450 (5.7%) 0.00 109
    2019-10-01 $128,218 (4.8%) $154,266 (-2.4%) 0.00 111
    2019-11-01 $124,700 (-3.9%) $147,923 (-12.8%) 0.00 102
    2019-12-01 $124,900 (-10.8%) $152,500 (-16.6%) 0.00 99
    2020-01-01 $125,175 (-8.4%) $144,556 (-22.8%) 0.00 97
    2020-02-01 $122,450 (-14.0%) $143,594 (-27.5%) 0.00 94
    2020-03-01 $132,150 (-12.3%) $152,489 (-22.3%) 0.00 88
    2020-04-01 $133,425 (-9.3%) $154,325 (-18.8%) 0.00 85
    2020-05-01 $134,400 (-6.6%) $163,694 (-14.6%) 0.00 80
    2020-06-01 $138,075 (-10.9%) $171,004 (-9.5%) 0.00 69
    2020-07-01 $129,950 (-8.8%) $171,518 (-5.7%) 0.00 66
    2020-08-01 $125,000 (-6.0%) $144,742 (-10.8%) 0.00 60
    2020-09-01 $132,100 (1.5%) $152,153 (-3.4%) 0.00 63
    2020-10-01 $129,900 (1.3%) $156,821 (1.7%) 0.00 61
    2020-11-01 $119,000 (-4.6%) $137,951 (-6.7%) 0.00 68
    2020-12-01 $106,750 (-14.5%) $133,930 (-12.2%) 0.00 54
    2021-01-01 $104,500 (-16.5%) $135,597 (-6.2%) 0.00 45
    2021-02-01 $98,749 (-19.4%) $134,053 (-6.6%) 0.00 31
    2021-03-01 $152,500 (15.4%) $189,430 (24.2%) 0.00 31
    2021-04-01 $149,925 (12.4%) $179,094 (16.1%) 0.00 29
    2021-05-01 $124,950 (-7.0%) $172,239 (5.2%) 0.00 30
    2021-06-01 $166,875 (20.9%) $196,322 (14.8%) 0.00 45
    2021-07-01 $140,000 (7.7%) $188,902 (10.1%) 0.00 49
    2021-08-01 $156,175 (24.9%) $210,812 (45.7%) 0.00 43
    2021-09-01 $157,000 (18.9%) $191,455 (25.8%) 0.00 46
    2021-10-01 $144,750 (11.4%) $170,024 (8.4%) 0.00 48
    2021-11-01 $149,500 (25.6%) $164,442 (19.2%) 0.00 45
    2021-12-01 $129,900 (21.7%) $154,233 (15.2%) 0.00 45
    2022-01-01 $133,700 (27.9%) $155,262 (14.5%) 0.00 42
    2022-02-01 $131,250 (32.9%) $153,854 (14.8%) 0.00 26
    2022-03-01 $152,250 (-0.2%) $172,941 (-8.7%) 0.00 22
    2022-04-01 $149,450 (-0.3%) $182,528 (1.9%) 0.00 27
    2022-05-01 $169,975 (36.0%) $189,221 (9.9%) 0.00 29
    2022-06-01 $189,250 (13.4%) $649,743 (231.0%) 0.00 35
    2022-07-01 $182,450 (30.3%) $607,973 (221.9%) 0.00 34
    2022-08-01 $179,675 (15.1%) $594,099 (181.8%) 0.00 43
    2022-09-01 $172,725 (10.0%) $519,906 (171.6%) 0.00 62
    2022-10-01 $169,250 (16.9%) $498,616 (193.3%) 0.00 60
    2022-11-01 $161,175 (7.8%) $491,212 (198.7%) 0.00 60
    2022-12-01 $159,900 (23.1%) $569,270 (269.1%) 0.00 47
    2023-01-01 $168,450 (26.0%) $227,591 (46.6%) 0.00 42
    2023-02-01 $159,900 (21.8%) $197,542 (28.4%) 0.00 42
    2023-03-01 $156,075 (2.5%) $206,152 (19.2%) 0.00 38
    2023-04-01 $149,200 (-0.2%) $514,963 (182.1%) 0.00 40
    2023-05-01 $171,250 (0.8%) $426,879 (125.6%) 0.00 46
    2023-06-01 $169,125 (-10.6%) $447,715 (-31.1%) 0.00 37
    2023-07-01 $179,000 (-1.9%) $414,746 (-31.8%) 0.00 50
    2023-08-01 $180,975 (0.7%) $416,608 (-29.9%) 0.00 52
    2023-09-01 $180,000 (4.2%) $239,890 (-53.9%) 0.00 49
    2023-10-01 $169,900 (0.4%) $217,091 (-56.5%) 0.00 61
    2023-11-01 $186,425 (15.7%) $237,290 (-51.7%) 0.00 64
    2023-12-01 $189,000 (18.2%) $238,118 (-58.2%) 0.00 64
    2024-01-01 $175,725 (4.3%) $215,328 (-5.4%) 0.00 69
    2024-02-01 $126,250 (-21.0%) $175,972 (-10.9%) 0.00 79
    2024-03-01 $124,700 (-20.1%) $178,693 (-13.3%) 0.00 73
    2024-04-01 $150,100 (0.6%) $182,216 (-64.6%) 0.00 84
    2024-05-01 $129,750 (-24.2%) $184,804 (-56.7%) 0.00 89
    2024-06-01 $169,900 (0.5%) $204,883 (-54.2%) 0.00 94
    2024-07-01 $184,300 (3.0%) $223,519 (-46.1%) 0.00 89
    2024-08-01 $244,950 (35.4%) $253,167 (-39.2%) 0.00 77
    2024-09-01 $243,250 (35.1%) $249,949 (4.2%) 0.00 80
    2024-10-01 $236,125 (39.0%) $250,142 (15.2%) 0.00 91
    Moberly's median listing price for 2024-10-01 was $236,125, a difference of $66,225 (39.0%) versus the prior year and $-7,125 versus the prior month.

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

    Moberly's average listing price for 2024-10-01 was $250,142, a difference of $33,051 (15.2%) versus the prior year and $193 versus the prior month.

    For the 2024-10-01 period, Moberly had 91 MLS listings, a difference of 11 listings (14%) versus the prior month and 30 listings (49%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Moberly (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,593 sqft
    2018-02-01 0 days 1,555 sqft
    2018-03-01 0 days 1,678 sqft
    2018-04-01 0 days 1,655 sqft
    2018-05-01 0 days 1,702 sqft
    2018-06-01 0 days 1,768 sqft
    2018-07-01 0 days 1,501 sqft
    2018-08-01 0 days 1,487 sqft
    2018-09-01 0 days 1,610 sqft
    2018-10-01 0 days 1,584 sqft
    2018-11-01 0 days 1,598 sqft
    2018-12-01 0 days 1,632 sqft
    2019-01-01 0 days 1,626 sqft
    2019-02-01 0 days 1,599 sqft
    2019-03-01 0 days 1,601 sqft
    2019-04-01 0 days 1,636 sqft
    2019-05-01 0 days 1,850 sqft
    2019-06-01 0 days 1,868 sqft
    2019-07-01 0 days 1,739 sqft
    2019-08-01 0 days 1,609 sqft
    2019-09-01 0 days 1,565 sqft
    2019-10-01 0 days 1,550 sqft
    2019-11-01 0 days 1,536 sqft
    2019-12-01 0 days 1,536 sqft
    2020-01-01 0 days 1,533 sqft
    2020-02-01 0 days 1,624 sqft
    2020-03-01 0 days 1,684 sqft
    2020-04-01 0 days 1,685 sqft
    2020-05-01 0 days 1,688 sqft
    2020-06-01 0 days 1,684 sqft
    2020-07-01 0 days 1,724 sqft
    2020-08-01 0 days 1,680 sqft
    2020-09-01 0 days 1,665 sqft
    2020-10-01 0 days 1,680 sqft
    2020-11-01 0 days 1,617 sqft
    2020-12-01 0 days 1,588 sqft
    2021-01-01 0 days 1,592 sqft
    2021-02-01 0 days 1,764 sqft
    2021-03-01 0 days 1,475 sqft
    2021-04-01 0 days 1,555 sqft
    2021-05-01 0 days 1,422 sqft
    2021-06-01 0 days 1,650 sqft
    2021-07-01 0 days 1,656 sqft
    2021-08-01 0 days 1,638 sqft
    2021-09-01 0 days 1,428 sqft
    2021-10-01 0 days 1,491 sqft
    2021-11-01 0 days 1,529 sqft
    2021-12-01 0 days 1,523 sqft
    2022-01-01 0 days 1,460 sqft
    2022-02-01 0 days 1,350 sqft
    2022-03-01 0 days 1,553 sqft
    2022-04-01 0 days 1,354 sqft
    2022-05-01 0 days 1,473 sqft
    2022-06-01 0 days 1,611 sqft
    2022-07-01 0 days 1,598 sqft
    2022-08-01 0 days 1,619 sqft
    2022-09-01 0 days 1,602 sqft
    2022-10-01 0 days 1,488 sqft
    2022-11-01 0 days 1,602 sqft
    2022-12-01 0 days 1,598 sqft
    2023-01-01 0 days 1,598 sqft
    2023-02-01 0 days 1,619 sqft
    2023-03-01 0 days 1,656 sqft
    2023-04-01 0 days 1,651 sqft
    2023-05-01 0 days 1,607 sqft
    2023-06-01 0 days 1,769 sqft
    2023-07-01 0 days 1,792 sqft
    2023-08-01 0 days 1,723 sqft
    2023-09-01 0 days 1,727 sqft
    2023-10-01 0 days 1,531 sqft
    2023-11-01 0 days 1,592 sqft
    2023-12-01 0 days 1,642 sqft
    2024-01-01 0 days 1,618 sqft
    2024-02-01 0 days 1,344 sqft
    2024-03-01 0 days 1,271 sqft
    2024-04-01 0 days 1,333 sqft
    2024-05-01 0 days 1,402 sqft
    2024-06-01 0 days 1,448 sqft
    2024-07-01 0 days 1,538 sqft
    2024-08-01 0 days 1,762 sqft
    2024-09-01 0 days 1,642 sqft
    2024-10-01 0 days 1,578 sqft
    Moberly's median listing age (time on market) for 2024-10-01 was 0 days.

    Moberly's median square footage for active listings during the 2024-10-01 period was 1,578 sqft. One year prior, the average listing was 1,531 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).