Poplar Bluff FHA Loan Rates, Closing Costs & Stats

Poplar Bluff, 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.

    Poplar Bluff's 18 lenders originated 100 FHA loans during 2023. The total origination value was $15,850,000, with an average FHA loan value of $158,500.

    Poplar Bluff FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Poplar Bluff averaged 6.59% for the week of 2024-12-13, compared to the national average (all FHA variants) of 6.277% for the same period.

    Poplar Bluff's average FHA mortgage closing costs are $6,216.

    The average rate for the prior week (2024-12-06) was 6.66% and one month ago for the week of 2024-11-08, the average rate was 6.72%.

    The average rate one year ago was 6.73%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.18%.

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

    Poplar Bluff 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 Poplar Bluff level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    DAS Acquisition Company, LLC 36 6.70% $8,221
    Flanagan State Bank 27 6.38% $9,396
    QUICKEN LOANS, LLC 11 6.41% $8,228
    FLAT BRANCH MORTGAGE, INC. 6 6.92% $5,815
    LOANPAL, LLC 2 6.25% $12,457
    LOANDEPOT.COM, LLC 1 6.25% $6,688
    Members Mortgage Services, L.L.C. 1 7.25% $6,269
    Mortgage Research Center, LLC 1 6.75% $2,250
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $9,096
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.63% $5,798
    SIRVA MORTGAGE, INC. 1 6.75% $5,921
    U.S. Bank 1 6.88% $4,504
    Barrington Bank & Trust Company, N.A. 1 7.25% $6,559
    ZILLOW HOME LOANS, LLC 1 6.75% $8,977
    Carrington Mortgage Services, LLC 1 5.75% $9,524
    CORNERSTONE HOME LENDING, INC. 1 7.13% $10,571
    Flagstar Bank, FSB 1 5.75% $5,452
    GUARANTEED RATE, INC. 1 7.75% $4,310

    The top Poplar Bluff FHA lender as defined by loan originations is DAS Acquisition Company, LLC, with 36 FHA loans originated. Their average total fees are $8,221, which is $1,176 lower than the next largest lender, Flanagan State Bank.

    The lowest fee Poplar Bluff FHA lenders (with over 10 loans originated) are DAS Acquisition Company, LLC ($8,221), QUICKEN LOANS, LLC ($8,228), Flanagan State Bank ($9,396), .

    The lowest rate Poplar Bluff FHA lenders (with over 10 loans originated) are Flanagan State Bank (6.38%), QUICKEN LOANS, LLC (6.41%), DAS Acquisition Company, LLC (6.70%), .

    Poplar Bluff FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Poplar Bluff (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 $125,725 (17.0%) $164,225 (12.9%) 0.00 336
    2018-02-01 $120,950 (14.4%) $160,091 (11.8%) 0.00 384
    2018-03-01 $119,900 (20.0%) $156,748 (12.1%) 0.00 405
    2018-04-01 $124,900 (25.0%) $159,309 (14.5%) 0.00 412
    2018-05-01 $127,500 (25.0%) $161,896 (21.7%) 0.00 405
    2018-06-01 $124,900 (10.5%) $157,963 (10.2%) 0.00 451
    2018-07-01 $119,850 (2.9%) $154,717 (5.6%) 0.00 458
    2018-08-01 $119,900 (0.3%) $156,702 (4.8%) 0.00 451
    2018-09-01 $119,900 (0.2%) $157,529 (4.5%) 0.00 443
    2018-10-01 $119,900 (-0.5%) $159,783 (2.8%) 0.00 443
    2018-11-01 $118,425 (-2.5%) $161,894 (2.3%) 0.00 431
    2018-12-01 $118,000 (-8.5%) $162,070 (-0.7%) 0.00 409
    2019-01-01 $118,850 (-5.5%) $160,100 (-2.5%) 0.00 391
    2019-02-01 $119,400 (-1.3%) $156,523 (-2.2%) 0.00 400
    2019-03-01 $119,943 (0.0%) $155,172 (-1.0%) 0.00 393
    2019-04-01 $121,450 (-2.8%) $154,048 (-3.3%) 0.00 371
    2019-05-01 $122,475 (-3.9%) $152,770 (-5.6%) 0.00 363
    2019-06-01 $126,900 (1.6%) $152,061 (-3.7%) 0.00 370
    2019-07-01 $121,400 (1.3%) $150,607 (-2.7%) 0.00 364
    2019-08-01 $122,655 (2.3%) $150,608 (-3.9%) 0.00 356
    2019-09-01 $122,286 (2.0%) $150,678 (-4.4%) 0.00 343
    2019-10-01 $123,291 (2.8%) $150,724 (-5.7%) 0.00 332
    2019-11-01 $119,950 (1.3%) $149,816 (-7.5%) 0.00 317
    2019-12-01 $119,175 (1.0%) $141,064 (-13.0%) 0.00 301
    2020-01-01 $119,900 (0.9%) $142,781 (-10.8%) 0.00 274
    2020-02-01 $119,900 (0.4%) $141,207 (-9.8%) 0.00 263
    2020-03-01 $119,900 (0.0%) $144,105 (-7.1%) 0.00 269
    2020-04-01 $119,075 (-2.0%) $140,463 (-8.8%) 0.00 261
    2020-05-01 $114,950 (-6.1%) $143,504 (-6.1%) 0.00 233
    2020-06-01 $114,300 (-9.9%) $150,065 (-1.3%) 0.00 225
    2020-07-01 $119,450 (-1.6%) $157,393 (4.5%) 0.00 198
    2020-08-01 $124,950 (1.9%) $156,834 (4.1%) 0.00 182
    2020-09-01 $118,700 (-2.9%) $147,952 (-1.8%) 0.00 188
    2020-10-01 $106,750 (-13.4%) $136,588 (-9.4%) 0.00 190
    2020-11-01 $99,900 (-16.7%) $134,350 (-10.3%) 0.00 191
    2020-12-01 $99,900 (-16.2%) $133,744 (-5.2%) 0.00 188
    2021-01-01 $99,500 (-17.0%) $143,266 (0.3%) 0.00 150
    2021-02-01 $99,900 (-16.7%) $163,202 (15.6%) 0.00 133
    2021-03-01 $99,900 (-16.7%) $175,532 (21.8%) 0.00 127
    2021-04-01 $108,700 (-8.7%) $193,865 (38.0%) 0.00 108
    2021-05-01 $121,200 (5.4%) $210,910 (47.0%) 0.00 93
    2021-06-01 $123,700 (8.2%) $214,494 (42.9%) 0.00 95
    2021-07-01 $111,000 (-7.1%) $210,868 (34.0%) 0.00 116
    2021-08-01 $124,200 (-0.6%) $197,429 (25.9%) 0.00 124
    2021-09-01 $132,286 (11.5%) $193,287 (30.6%) 0.00 126
    2021-10-01 $124,950 (17.1%) $201,175 (47.3%) 0.00 122
    2021-11-01 $132,200 (32.3%) $189,697 (41.2%) 0.00 138
    2021-12-01 $134,950 (35.1%) $189,599 (41.8%) 0.00 142
    2022-01-01 $129,900 (30.6%) $180,232 (25.8%) 0.00 136
    2022-02-01 $131,825 (32.0%) $187,096 (14.6%) 0.00 109
    2022-03-01 $135,000 (35.1%) $189,991 (8.2%) 0.00 94
    2022-04-01 $145,900 (34.2%) $193,778 (0.0%) 0.00 84
    2022-05-01 $157,775 (30.2%) $198,935 (-5.7%) 0.00 107
    2022-06-01 $168,175 (36.0%) $201,151 (-6.2%) 0.00 115
    2022-07-01 $167,900 (51.3%) $196,880 (-6.6%) 0.00 130
    2022-08-01 $166,700 (34.2%) $206,865 (4.8%) 0.00 138
    2022-09-01 $169,800 (28.4%) $225,987 (16.9%) 0.00 153
    2022-10-01 $169,900 (36.0%) $216,370 (7.6%) 0.00 158
    2022-11-01 $172,325 (30.4%) $222,937 (17.5%) 0.00 154
    2022-12-01 $172,450 (27.8%) $217,913 (14.9%) 0.00 145
    2023-01-01 $179,925 (38.5%) $243,496 (35.1%) 0.00 133
    2023-02-01 $177,400 (34.6%) $237,321 (26.8%) 0.00 116
    2023-03-01 $174,950 (29.6%) $247,066 (30.0%) 0.00 120
    2023-04-01 $179,350 (22.9%) $249,537 (28.8%) 0.00 116
    2023-05-01 $177,350 (12.4%) $258,900 (30.1%) 0.00 125
    2023-06-01 $169,800 (1.0%) $251,164 (24.9%) 0.00 140
    2023-07-01 $169,900 (1.2%) $260,053 (32.1%) 0.00 159
    2023-08-01 $169,900 (1.9%) $254,904 (23.2%) 0.00 153
    2023-09-01 $168,000 (-1.1%) $247,208 (9.4%) 0.00 151
    2023-10-01 $185,475 (9.2%) $259,271 (19.8%) 0.00 168
    2023-11-01 $179,950 (4.4%) $248,585 (11.5%) 0.00 176
    2023-12-01 $165,000 (-4.3%) $229,324 (5.2%) 0.00 200
    2024-01-01 $179,925 (0.0%) $233,073 (-4.3%) 0.00 196
    2024-02-01 $189,900 (7.1%) $243,929 (2.8%) 0.00 190
    2024-03-01 $189,900 (8.6%) $244,202 (-1.2%) 0.00 184
    2024-04-01 $199,075 (11.0%) $249,190 (-0.1%) 0.00 181
    2024-05-01 $189,900 (7.1%) $239,169 (-7.6%) 0.00 194
    2024-06-01 $199,900 (17.7%) $241,811 (-3.7%) 0.00 194
    2024-07-01 $198,950 (17.1%) $243,379 (-6.4%) 0.00 204
    2024-08-01 $199,900 (17.7%) $244,798 (-4.0%) 0.00 201
    2024-09-01 $189,900 (13.0%) $243,766 (-1.4%) 0.00 207
    2024-10-01 $189,900 (2.4%) $239,656 (-7.6%) 0.00 217
    2024-11-01 $195,000 (8.4%) $245,903 (-1.1%) 0.00 233
    Poplar Bluff's median listing price for 2024-11-01 was $195,000, a difference of $15,050 (8.4%) versus the prior year and $5,100 versus the prior month.

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

    Poplar Bluff's average listing price for 2024-11-01 was $245,903, a difference of $-2,682 (-1.1%) versus the prior year and $6,247 versus the prior month.

    For the 2024-11-01 period, Poplar Bluff had 233 MLS listings, a difference of 16 listings (7%) versus the prior month and 57 listings (32%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Poplar Bluff (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,697 sqft
    2018-02-01 0 days 1,672 sqft
    2018-03-01 0 days 1,626 sqft
    2018-04-01 0 days 1,646 sqft
    2018-05-01 0 days 1,645 sqft
    2018-06-01 0 days 1,650 sqft
    2018-07-01 0 days 1,652 sqft
    2018-08-01 0 days 1,670 sqft
    2018-09-01 0 days 1,650 sqft
    2018-10-01 0 days 1,629 sqft
    2018-11-01 0 days 1,602 sqft
    2018-12-01 0 days 1,600 sqft
    2019-01-01 0 days 1,599 sqft
    2019-02-01 0 days 1,572 sqft
    2019-03-01 0 days 1,568 sqft
    2019-04-01 0 days 1,568 sqft
    2019-05-01 0 days 1,595 sqft
    2019-06-01 0 days 1,600 sqft
    2019-07-01 0 days 1,600 sqft
    2019-08-01 0 days 1,602 sqft
    2019-09-01 0 days 1,605 sqft
    2019-10-01 0 days 1,608 sqft
    2019-11-01 0 days 1,606 sqft
    2019-12-01 0 days 1,601 sqft
    2020-01-01 0 days 1,608 sqft
    2020-02-01 0 days 1,605 sqft
    2020-03-01 0 days 1,600 sqft
    2020-04-01 0 days 1,582 sqft
    2020-05-01 0 days 1,541 sqft
    2020-06-01 0 days 1,570 sqft
    2020-07-01 0 days 1,632 sqft
    2020-08-01 0 days 1,637 sqft
    2020-09-01 0 days 1,540 sqft
    2020-10-01 0 days 1,560 sqft
    2020-11-01 0 days 1,542 sqft
    2020-12-01 0 days 1,466 sqft
    2021-01-01 0 days 1,433 sqft
    2021-02-01 0 days 1,403 sqft
    2021-03-01 0 days 1,357 sqft
    2021-04-01 0 days 1,385 sqft
    2021-05-01 0 days 1,500 sqft
    2021-06-01 0 days 1,462 sqft
    2021-07-01 0 days 1,380 sqft
    2021-08-01 0 days 1,399 sqft
    2021-09-01 0 days 1,422 sqft
    2021-10-01 0 days 1,400 sqft
    2021-11-01 0 days 1,476 sqft
    2021-12-01 0 days 1,499 sqft
    2022-01-01 0 days 1,421 sqft
    2022-02-01 0 days 1,561 sqft
    2022-03-01 0 days 1,513 sqft
    2022-04-01 0 days 1,556 sqft
    2022-05-01 0 days 1,572 sqft
    2022-06-01 0 days 1,671 sqft
    2022-07-01 0 days 1,650 sqft
    2022-08-01 0 days 1,703 sqft
    2022-09-01 0 days 1,694 sqft
    2022-10-01 0 days 1,648 sqft
    2022-11-01 0 days 1,660 sqft
    2022-12-01 0 days 1,619 sqft
    2023-01-01 0 days 1,584 sqft
    2023-02-01 0 days 1,542 sqft
    2023-03-01 0 days 1,532 sqft
    2023-04-01 0 days 1,571 sqft
    2023-05-01 0 days 1,537 sqft
    2023-06-01 0 days 1,526 sqft
    2023-07-01 0 days 1,523 sqft
    2023-08-01 0 days 1,541 sqft
    2023-09-01 0 days 1,496 sqft
    2023-10-01 0 days 1,676 sqft
    2023-11-01 0 days 1,627 sqft
    2023-12-01 0 days 1,512 sqft
    2024-01-01 0 days 1,549 sqft
    2024-02-01 0 days 1,664 sqft
    2024-03-01 0 days 1,667 sqft
    2024-04-01 0 days 1,645 sqft
    2024-05-01 0 days 1,555 sqft
    2024-06-01 0 days 1,652 sqft
    2024-07-01 0 days 1,689 sqft
    2024-08-01 0 days 1,652 sqft
    2024-09-01 0 days 1,614 sqft
    2024-10-01 0 days 1,678 sqft
    2024-11-01 0 days 1,670 sqft
    Poplar Bluff's median listing age (time on market) for 2024-11-01 was 0 days.

    Poplar Bluff's median square footage for active listings during the 2024-11-01 period was 1,670 sqft. One year prior, the average listing was 1,627 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).