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 6.42% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

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

    The average rate for the prior week (2025-02-07) was 6.54% and one month ago for the week of 2025-01-10, the average rate was 6.7%.

    The average rate one year ago was 6.43%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.52%.

    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 $126,425 (15.0%) $154,760 (5.6%) 0.00 238
    2018-02-01 $120,425 (12.9%) $149,863 (4.9%) 0.00 279
    2018-03-01 $120,950 (21.1%) $149,282 (8.4%) 0.00 288
    2018-04-01 $127,850 (28.0%) $154,714 (13.6%) 0.00 291
    2018-05-01 $129,900 (24.6%) $155,068 (20.0%) 0.00 284
    2018-06-01 $127,700 (9.7%) $152,006 (6.1%) 0.00 308
    2018-07-01 $119,850 (1.1%) $149,358 (1.6%) 0.00 311
    2018-08-01 $119,800 (1.2%) $149,408 (0.4%) 0.00 304
    2018-09-01 $119,900 (0.8%) $150,406 (-0.3%) 0.00 296
    2018-10-01 $119,850 (-1.4%) $155,777 (0.5%) 0.00 297
    2018-11-01 $119,150 (-7.9%) $160,748 (0.6%) 0.00 285
    2018-12-01 $118,500 (-8.8%) $164,018 (2.7%) 0.00 272
    2019-01-01 $119,900 (-5.2%) $161,339 (4.3%) 0.00 259
    2019-02-01 $122,200 (1.5%) $157,373 (5.0%) 0.00 268
    2019-03-01 $125,121 (3.5%) $153,880 (3.1%) 0.00 263
    2019-04-01 $126,425 (-1.1%) $154,278 (-0.3%) 0.00 254
    2019-05-01 $123,850 (-4.7%) $152,512 (-1.7%) 0.00 244
    2019-06-01 $128,375 (0.5%) $150,861 (-0.8%) 0.00 254
    2019-07-01 $124,900 (4.2%) $149,146 (-0.1%) 0.00 252
    2019-08-01 $128,091 (6.9%) $150,545 (0.8%) 0.00 241
    2019-09-01 $128,602 (7.3%) $151,858 (1.0%) 0.00 228
    2019-10-01 $129,000 (7.6%) $152,570 (-2.1%) 0.00 220
    2019-11-01 $129,900 (9.0%) $150,144 (-6.6%) 0.00 218
    2019-12-01 $126,725 (6.9%) $144,472 (-11.9%) 0.00 201
    2020-01-01 $128,450 (7.1%) $143,257 (-11.2%) 0.00 191
    2020-02-01 $129,900 (6.3%) $141,776 (-9.9%) 0.00 180
    2020-03-01 $129,600 (3.6%) $145,656 (-5.3%) 0.00 193
    2020-04-01 $123,650 (-2.2%) $140,868 (-8.7%) 0.00 192
    2020-05-01 $119,900 (-3.2%) $146,008 (-4.3%) 0.00 167
    2020-06-01 $123,025 (-4.2%) $152,468 (1.1%) 0.00 151
    2020-07-01 $123,625 (-1.0%) $157,152 (5.4%) 0.00 140
    2020-08-01 $129,000 (0.7%) $156,712 (4.1%) 0.00 130
    2020-09-01 $122,400 (-4.8%) $150,709 (-0.8%) 0.00 129
    2020-10-01 $119,500 (-7.4%) $148,337 (-2.8%) 0.00 122
    2020-11-01 $102,300 (-21.3%) $138,190 (-8.0%) 0.00 124
    2020-12-01 $96,900 (-23.5%) $135,242 (-6.4%) 0.00 120
    2021-01-01 $99,900 (-22.2%) $147,973 (3.3%) 0.00 95
    2021-02-01 $99,800 (-23.2%) $171,640 (21.1%) 0.00 87
    2021-03-01 $96,950 (-25.2%) $188,630 (29.5%) 0.00 85
    2021-04-01 $106,250 (-14.1%) $212,485 (50.8%) 0.00 74
    2021-05-01 $116,400 (-2.9%) $240,026 (64.4%) 0.00 58
    2021-06-01 $114,375 (-7.0%) $233,885 (53.4%) 0.00 60
    2021-07-01 $109,900 (-11.1%) $225,497 (43.5%) 0.00 76
    2021-08-01 $123,800 (-4.0%) $206,741 (31.9%) 0.00 79
    2021-09-01 $131,036 (7.1%) $197,717 (31.2%) 0.00 85
    2021-10-01 $124,950 (4.6%) $204,799 (38.1%) 0.00 82
    2021-11-01 $129,900 (27.0%) $194,243 (40.6%) 0.00 94
    2021-12-01 $129,600 (33.8%) $190,417 (40.8%) 0.00 96
    2022-01-01 $119,900 (20.0%) $180,433 (21.9%) 0.00 90
    2022-02-01 $127,950 (28.2%) $189,945 (10.7%) 0.00 73
    2022-03-01 $127,250 (31.3%) $198,149 (5.1%) 0.00 61
    2022-04-01 $129,900 (22.3%) $194,097 (-8.7%) 0.00 50
    2022-05-01 $145,200 (24.7%) $200,523 (-16.5%) 0.00 73
    2022-06-01 $150,500 (31.6%) $198,102 (-15.3%) 0.00 73
    2022-07-01 $157,500 (43.3%) $200,779 (-11.0%) 0.00 77
    2022-08-01 $169,900 (37.2%) $199,866 (-3.3%) 0.00 90
    2022-09-01 $172,300 (31.5%) $211,137 (6.8%) 0.00 97
    2022-10-01 $169,900 (36.0%) $208,026 (1.6%) 0.00 106
    2022-11-01 $179,225 (38.0%) $211,295 (8.8%) 0.00 101
    2022-12-01 $179,000 (38.1%) $208,826 (9.7%) 0.00 97
    2023-01-01 $181,750 (51.6%) $227,703 (26.2%) 0.00 93
    2023-02-01 $178,900 (39.8%) $217,789 (14.7%) 0.00 79
    2023-03-01 $175,175 (37.7%) $216,092 (9.1%) 0.00 83
    2023-04-01 $176,950 (36.2%) $216,655 (11.6%) 0.00 84
    2023-05-01 $174,800 (20.4%) $222,701 (11.1%) 0.00 90
    2023-06-01 $165,000 (9.6%) $218,022 (10.1%) 0.00 103
    2023-07-01 $162,250 (3.0%) $211,746 (5.5%) 0.00 111
    2023-08-01 $164,700 (-3.1%) $206,697 (3.4%) 0.00 106
    2023-09-01 $159,950 (-7.2%) $206,330 (-2.3%) 0.00 106
    2023-10-01 $176,700 (4.0%) $232,785 (11.9%) 0.00 121
    2023-11-01 $171,725 (-4.2%) $219,557 (3.9%) 0.00 124
    2023-12-01 $154,900 (-13.5%) $210,080 (0.6%) 0.00 147
    2024-01-01 $178,500 (-1.8%) $212,710 (-6.6%) 0.00 147
    2024-02-01 $179,975 (0.6%) $222,260 (2.1%) 0.00 138
    2024-03-01 $179,900 (2.7%) $218,116 (0.9%) 0.00 135
    2024-04-01 $189,900 (7.3%) $222,597 (2.7%) 0.00 129
    2024-05-01 $179,975 (3.0%) $209,880 (-5.8%) 0.00 138
    2024-06-01 $188,900 (14.5%) $214,540 (-1.6%) 0.00 131
    2024-07-01 $182,400 (12.4%) $215,204 (1.6%) 0.00 139
    2024-08-01 $187,400 (13.8%) $215,550 (4.3%) 0.00 137
    2024-09-01 $179,950 (12.5%) $218,174 (5.7%) 0.00 143
    2024-10-01 $179,975 (1.9%) $226,460 (-2.7%) 0.00 148
    2024-11-01 $189,900 (10.6%) $224,448 (2.2%) 0.00 154
    2024-12-01 $195,975 (26.5%) $226,480 (7.8%) 0.00 148
    2025-01-01 $199,900 (12.0%) $237,291 (11.6%) 0.00 135
    Poplar Bluff's median listing price for 2025-01-01 was $199,900, a difference of $21,400 (12.0%) versus the prior year and $3,925 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 2025-01-01 was $237,291, a difference of $24,581 (11.6%) versus the prior year and $10,811 versus the prior month.

    For the 2025-01-01 period, Poplar Bluff had 135 MLS listings, a difference of -13 listings (-9%) versus the prior month and -12 listings (-8%) 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 1,698 sqft
    2018-02-01 0 days 1,692 sqft
    2018-03-01 0 days 1,689 sqft
    2018-04-01 0 days 1,689 sqft
    2018-05-01 0 days 1,698 sqft
    2018-06-01 0 days 1,689 sqft
    2018-07-01 0 days 1,668 sqft
    2018-08-01 0 days 1,669 sqft
    2018-09-01 0 days 1,659 sqft
    2018-10-01 0 days 1,662 sqft
    2018-11-01 0 days 1,667 sqft
    2018-12-01 0 days 1,685 sqft
    2019-01-01 0 days 1,683 sqft
    2019-02-01 0 days 1,630 sqft
    2019-03-01 0 days 1,611 sqft
    2019-04-01 0 days 1,607 sqft
    2019-05-01 0 days 1,616 sqft
    2019-06-01 0 days 1,620 sqft
    2019-07-01 0 days 1,604 sqft
    2019-08-01 0 days 1,609 sqft
    2019-09-01 0 days 1,616 sqft
    2019-10-01 0 days 1,612 sqft
    2019-11-01 0 days 1,580 sqft
    2019-12-01 0 days 1,598 sqft
    2020-01-01 0 days 1,605 sqft
    2020-02-01 0 days 1,608 sqft
    2020-03-01 0 days 1,616 sqft
    2020-04-01 0 days 1,591 sqft
    2020-05-01 0 days 1,582 sqft
    2020-06-01 0 days 1,606 sqft
    2020-07-01 0 days 1,667 sqft
    2020-08-01 0 days 1,638 sqft
    2020-09-01 0 days 1,545 sqft
    2020-10-01 0 days 1,594 sqft
    2020-11-01 0 days 1,529 sqft
    2020-12-01 0 days 1,425 sqft
    2021-01-01 0 days 1,427 sqft
    2021-02-01 0 days 1,395 sqft
    2021-03-01 0 days 1,341 sqft
    2021-04-01 0 days 1,349 sqft
    2021-05-01 0 days 1,383 sqft
    2021-06-01 0 days 1,431 sqft
    2021-07-01 0 days 1,396 sqft
    2021-08-01 0 days 1,415 sqft
    2021-09-01 0 days 1,530 sqft
    2021-10-01 0 days 1,535 sqft
    2021-11-01 0 days 1,506 sqft
    2021-12-01 0 days 1,530 sqft
    2022-01-01 0 days 1,487 sqft
    2022-02-01 0 days 1,558 sqft
    2022-03-01 0 days 1,505 sqft
    2022-04-01 0 days 1,563 sqft
    2022-05-01 0 days 1,624 sqft
    2022-06-01 0 days 1,675 sqft
    2022-07-01 0 days 1,638 sqft
    2022-08-01 0 days 1,748 sqft
    2022-09-01 0 days 1,716 sqft
    2022-10-01 0 days 1,619 sqft
    2022-11-01 0 days 1,610 sqft
    2022-12-01 0 days 1,610 sqft
    2023-01-01 0 days 1,630 sqft
    2023-02-01 0 days 1,563 sqft
    2023-03-01 0 days 1,530 sqft
    2023-04-01 0 days 1,600 sqft
    2023-05-01 0 days 1,574 sqft
    2023-06-01 0 days 1,544 sqft
    2023-07-01 0 days 1,524 sqft
    2023-08-01 0 days 1,542 sqft
    2023-09-01 0 days 1,507 sqft
    2023-10-01 0 days 1,673 sqft
    2023-11-01 0 days 1,586 sqft
    2023-12-01 0 days 1,529 sqft
    2024-01-01 0 days 1,557 sqft
    2024-02-01 0 days 1,609 sqft
    2024-03-01 0 days 1,674 sqft
    2024-04-01 0 days 1,654 sqft
    2024-05-01 0 days 1,571 sqft
    2024-06-01 0 days 1,584 sqft
    2024-07-01 0 days 1,668 sqft
    2024-08-01 0 days 1,577 sqft
    2024-09-01 0 days 1,565 sqft
    2024-10-01 0 days 1,683 sqft
    2024-11-01 0 days 1,683 sqft
    2024-12-01 0 days 1,706 sqft
    2025-01-01 0 days 1,646 sqft
    Poplar Bluff's median listing age (time on market) for 2025-01-01 was 0 days.

    Poplar Bluff's median square footage for active listings during the 2025-01-01 period was 1,646 sqft. One year prior, the average listing was 1,557 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).