St. Joseph FHA Loan Rates, Closing Costs & Stats
ST. JOSEPH, MO-KS
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.
St. Joseph's 71 lenders originated 401 FHA loans during 2023. The total origination value was $66,345,000, with an average FHA loan value of $165,449.
St. Joseph FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in St. Joseph
averaged
0.11%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
St. Joseph's average FHA mortgage closing costs are $5,275.
The average rate for the prior week (2024-11-22) was
6.9% and
one month ago for the week of 2024-10-25, the
average rate was 6.58%.
The average rate one year ago was 7.27%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.2%.
St. Joseph 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 St. Joseph level.
The top St. Joseph FHA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with
103 FHA loans originated. Their average total fees are
$6,467, which is $1,852
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee St. Joseph FHA lenders (with over 10 loans originated) are
OPEN MORTGAGE, LLC ($4,781), U.S. Bank ($5,352), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($6,467), PRIMELENDING, A PLAINSCAPITAL COMPANY ($6,651) and AMERICAN PORTFOLIO MORTGAGE CORPORATION ($6,838).
The lowest rate St. Joseph FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.30%), FLAT BRANCH MORTGAGE, INC. (6.70%), U.S. Bank (6.75%), LEADERONE FINANCIAL CORPORATION (6.88%) and Flanagan State Bank (6.89%).
St. Joseph FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
ST. JOSEPH, MO-KS | DONIPHAN | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
ST. JOSEPH, MO-KS | ANDREW | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
ST. JOSEPH, MO-KS | BUCHANAN | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
ST. JOSEPH, MO-KS | DEKALB | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
ST. JOSEPH, MO-KS | DONIPHAN | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
ST. JOSEPH, MO-KS | ANDREW | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
ST. JOSEPH, MO-KS | BUCHANAN | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
ST. JOSEPH, MO-KS | DEKALB | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - St. Joseph (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 | $127,725 (19.2%) | $185,727 (12.2%) | 0.00 | 411 |
2018-02-01 | $124,950 (19.0%) | $186,756 (16.6%) | 0.00 | 401 |
2018-03-01 | $130,000 (30.9%) | $186,428 (18.5%) | 0.00 | 386 |
2018-04-01 | $126,175 (14.8%) | $184,323 (7.7%) | 0.00 | 388 |
2018-05-01 | $127,475 (21.9%) | $179,080 (5.2%) | 0.00 | 415 |
2018-06-01 | $126,900 (10.4%) | $177,643 (3.3%) | 0.00 | 447 |
2018-07-01 | $129,700 (5.1%) | $174,030 (-0.1%) | 0.00 | 421 |
2018-08-01 | $132,988 (5.6%) | $174,041 (-5.0%) | 0.00 | 434 |
2018-09-01 | $134,900 (6.9%) | $175,929 (-4.6%) | 0.00 | 445 |
2018-10-01 | $131,950 (2.3%) | $166,972 (-10.9%) | 0.00 | 459 |
2018-11-01 | $131,425 (3.5%) | $172,072 (-6.5%) | 0.00 | 455 |
2018-12-01 | $123,500 (-4.0%) | $166,406 (-9.5%) | 0.00 | 440 |
2019-01-01 | $119,900 (-6.1%) | $164,844 (-11.2%) | 0.00 | 418 |
2019-02-01 | $119,450 (-4.4%) | $162,893 (-12.8%) | 0.00 | 378 |
2019-03-01 | $113,471 (-12.7%) | $162,830 (-12.7%) | 0.00 | 355 |
2019-04-01 | $107,271 (-15.0%) | $163,060 (-11.5%) | 0.00 | 333 |
2019-05-01 | $111,175 (-12.8%) | $169,685 (-5.3%) | 0.00 | 325 |
2019-06-01 | $124,700 (-1.7%) | $172,948 (-2.6%) | 0.00 | 369 |
2019-07-01 | $130,225 (0.4%) | $174,018 (0.0%) | 0.00 | 385 |
2019-08-01 | $133,027 (0.0%) | $175,919 (1.1%) | 0.00 | 388 |
2019-09-01 | $136,893 (1.5%) | $180,009 (2.3%) | 0.00 | 386 |
2019-10-01 | $139,900 (6.0%) | $184,107 (10.3%) | 0.00 | 382 |
2019-11-01 | $128,700 (-2.1%) | $176,864 (2.8%) | 0.00 | 371 |
2019-12-01 | $124,950 (1.2%) | $174,037 (4.6%) | 0.00 | 354 |
2020-01-01 | $115,000 (-4.1%) | $168,507 (2.2%) | 0.00 | 321 |
2020-02-01 | $112,250 (-6.0%) | $167,874 (3.1%) | 0.00 | 288 |
2020-03-01 | $129,225 (13.9%) | $189,956 (16.7%) | 0.00 | 267 |
2020-04-01 | $129,900 (21.1%) | $189,563 (16.3%) | 0.00 | 243 |
2020-05-01 | $152,425 (37.1%) | $207,968 (22.6%) | 0.00 | 236 |
2020-06-01 | $164,900 (32.2%) | $209,038 (20.9%) | 0.00 | 209 |
2020-07-01 | $154,475 (18.6%) | $213,874 (22.9%) | 0.00 | 194 |
2020-08-01 | $139,900 (5.2%) | $219,470 (24.8%) | 0.00 | 189 |
2020-09-01 | $129,450 (-5.4%) | $208,812 (16.0%) | 0.00 | 204 |
2020-10-01 | $127,000 (-9.2%) | $196,119 (6.5%) | 0.00 | 203 |
2020-11-01 | $122,400 (-4.9%) | $184,874 (4.5%) | 0.00 | 203 |
2020-12-01 | $122,397 (-2.0%) | $178,356 (2.5%) | 0.00 | 204 |
2021-01-01 | $115,000 (0.0%) | $178,656 (6.0%) | 0.00 | 170 |
2021-02-01 | $125,000 (11.4%) | $181,702 (8.2%) | 0.00 | 146 |
2021-03-01 | $123,756 (-4.2%) | $185,828 (-2.2%) | 0.00 | 133 |
2021-04-01 | $119,675 (-7.9%) | $192,655 (1.6%) | 0.00 | 111 |
2021-05-01 | $120,000 (-21.3%) | $202,479 (-2.6%) | 0.00 | 128 |
2021-06-01 | $119,900 (-27.3%) | $201,462 (-3.6%) | 0.00 | 148 |
2021-07-01 | $125,000 (-19.1%) | $205,779 (-3.8%) | 0.00 | 188 |
2021-08-01 | $119,800 (-14.4%) | $184,993 (-15.7%) | 0.00 | 194 |
2021-09-01 | $113,875 (-12.0%) | $167,758 (-19.7%) | 0.00 | 215 |
2021-10-01 | $109,900 (-13.5%) | $162,223 (-17.3%) | 0.00 | 226 |
2021-11-01 | $107,700 (-12.0%) | $159,179 (-13.9%) | 0.00 | 212 |
2021-12-01 | $102,750 (-16.1%) | $154,150 (-13.6%) | 0.00 | 181 |
2022-01-01 | $123,450 (7.4%) | $160,255 (-10.3%) | 0.00 | 157 |
2022-02-01 | $118,600 (-5.1%) | $184,395 (1.5%) | 0.00 | 130 |
2022-03-01 | $122,450 (-1.1%) | $189,631 (2.1%) | 0.00 | 107 |
2022-04-01 | $150,000 (25.3%) | $213,387 (10.8%) | 0.00 | 106 |
2022-05-01 | $187,400 (56.2%) | $257,210 (27.0%) | 0.00 | 118 |
2022-06-01 | $166,150 (38.6%) | $229,067 (13.7%) | 0.00 | 146 |
2022-07-01 | $170,000 (36.0%) | $228,897 (11.2%) | 0.00 | 169 |
2022-08-01 | $165,250 (37.9%) | $225,605 (22.0%) | 0.00 | 188 |
2022-09-01 | $165,400 (45.3%) | $206,369 (23.0%) | 0.00 | 175 |
2022-10-01 | $159,900 (45.5%) | $193,546 (19.3%) | 0.00 | 182 |
2022-11-01 | $162,000 (50.4%) | $193,903 (21.8%) | 0.00 | 199 |
2022-12-01 | $160,000 (55.7%) | $196,776 (27.7%) | 0.00 | 174 |
2023-01-01 | $154,925 (25.5%) | $192,812 (20.3%) | 0.00 | 145 |
2023-02-01 | $142,725 (20.3%) | $203,189 (10.2%) | 0.00 | 123 |
2023-03-01 | $149,900 (22.4%) | $202,839 (7.0%) | 0.00 | 109 |
2023-04-01 | $167,450 (11.6%) | $216,576 (1.5%) | 0.00 | 113 |
2023-05-01 | $191,200 (2.0%) | $242,685 (-5.7%) | 0.00 | 121 |
2023-06-01 | $200,975 (21.0%) | $253,327 (10.6%) | 0.00 | 143 |
2023-07-01 | $189,900 (11.7%) | $254,147 (11.0%) | 0.00 | 157 |
2023-08-01 | $181,100 (9.6%) | $253,359 (12.3%) | 0.00 | 157 |
2023-09-01 | $177,500 (7.3%) | $232,498 (12.7%) | 0.00 | 181 |
2023-10-01 | $181,200 (13.3%) | $244,218 (26.2%) | 0.00 | 182 |
2023-11-01 | $177,450 (9.5%) | $245,673 (26.7%) | 0.00 | 189 |
2023-12-01 | $177,500 (10.9%) | $245,326 (24.7%) | 0.00 | 191 |
2024-01-01 | $169,450 (9.4%) | $235,703 (22.2%) | 0.00 | 174 |
2024-02-01 | $154,950 (8.6%) | $223,977 (10.2%) | 0.00 | 166 |
2024-03-01 | $169,900 (13.3%) | $240,467 (18.6%) | 0.00 | 141 |
2024-04-01 | $170,100 (1.6%) | $271,074 (25.2%) | 0.00 | 148 |
2024-05-01 | $189,900 (-0.7%) | $291,597 (20.2%) | 0.00 | 157 |
2024-06-01 | $202,450 (0.7%) | $293,952 (16.0%) | 0.00 | 170 |
2024-07-01 | $190,675 (0.4%) | $280,160 (10.2%) | 0.00 | 182 |
2024-08-01 | $228,000 (25.9%) | $292,603 (15.5%) | 0.00 | 192 |
2024-09-01 | $233,600 (31.6%) | $295,548 (27.1%) | 0.00 | 214 |
2024-10-01 | $221,225 (22.1%) | $266,637 (9.2%) | 0.00 | 217 |
St. Joseph's median listing price comes in at 0% of the national average.
St. Joseph's average listing price for 2024-10-01 was $266,637, a difference of $22,419 (9.2%) versus the prior year and $-28,911 versus the prior month.
For the 2024-10-01 period, St. Joseph had 217 MLS listings, a difference of 3 listings (1%) versus the prior month and 35 listings (19%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - St. Joseph (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,566 sqft |
2018-02-01 | 0 days | 1,546 sqft |
2018-03-01 | 0 days | 1,556 sqft |
2018-04-01 | 0 days | 1,543 sqft |
2018-05-01 | 0 days | 1,549 sqft |
2018-06-01 | 0 days | 1,520 sqft |
2018-07-01 | 0 days | 1,454 sqft |
2018-08-01 | 0 days | 1,503 sqft |
2018-09-01 | 0 days | 1,546 sqft |
2018-10-01 | 0 days | 1,533 sqft |
2018-11-01 | 0 days | 1,560 sqft |
2018-12-01 | 0 days | 1,560 sqft |
2019-01-01 | 0 days | 1,561 sqft |
2019-02-01 | 0 days | 1,555 sqft |
2019-03-01 | 0 days | 1,562 sqft |
2019-04-01 | 0 days | 1,550 sqft |
2019-05-01 | 0 days | 1,597 sqft |
2019-06-01 | 0 days | 1,600 sqft |
2019-07-01 | 0 days | 1,613 sqft |
2019-08-01 | 0 days | 1,653 sqft |
2019-09-01 | 0 days | 1,707 sqft |
2019-10-01 | 0 days | 1,733 sqft |
2019-11-01 | 0 days | 1,652 sqft |
2019-12-01 | 0 days | 1,600 sqft |
2020-01-01 | 0 days | 1,584 sqft |
2020-02-01 | 0 days | 1,518 sqft |
2020-03-01 | 0 days | 1,696 sqft |
2020-04-01 | 0 days | 1,667 sqft |
2020-05-01 | 0 days | 1,736 sqft |
2020-06-01 | 0 days | 1,719 sqft |
2020-07-01 | 0 days | 1,668 sqft |
2020-08-01 | 0 days | 1,652 sqft |
2020-09-01 | 0 days | 1,568 sqft |
2020-10-01 | 0 days | 1,576 sqft |
2020-11-01 | 0 days | 1,524 sqft |
2020-12-01 | 0 days | 1,483 sqft |
2021-01-01 | 0 days | 1,555 sqft |
2021-02-01 | 0 days | 1,568 sqft |
2021-03-01 | 0 days | 1,525 sqft |
2021-04-01 | 0 days | 1,512 sqft |
2021-05-01 | 0 days | 1,577 sqft |
2021-06-01 | 0 days | 1,500 sqft |
2021-07-01 | 0 days | 1,500 sqft |
2021-08-01 | 0 days | 1,524 sqft |
2021-09-01 | 0 days | 1,482 sqft |
2021-10-01 | 0 days | 1,440 sqft |
2021-11-01 | 0 days | 1,349 sqft |
2021-12-01 | 0 days | 1,352 sqft |
2022-01-01 | 0 days | 1,316 sqft |
2022-02-01 | 0 days | 1,338 sqft |
2022-03-01 | 0 days | 1,383 sqft |
2022-04-01 | 0 days | 1,553 sqft |
2022-05-01 | 0 days | 1,716 sqft |
2022-06-01 | 0 days | 1,589 sqft |
2022-07-01 | 0 days | 1,584 sqft |
2022-08-01 | 0 days | 1,526 sqft |
2022-09-01 | 0 days | 1,555 sqft |
2022-10-01 | 0 days | 1,476 sqft |
2022-11-01 | 0 days | 1,458 sqft |
2022-12-01 | 0 days | 1,524 sqft |
2023-01-01 | 0 days | 1,459 sqft |
2023-02-01 | 0 days | 1,342 sqft |
2023-03-01 | 0 days | 1,427 sqft |
2023-04-01 | 0 days | 1,594 sqft |
2023-05-01 | 0 days | 1,620 sqft |
2023-06-01 | 0 days | 1,656 sqft |
2023-07-01 | 0 days | 1,640 sqft |
2023-08-01 | 0 days | 1,685 sqft |
2023-09-01 | 0 days | 1,594 sqft |
2023-10-01 | 0 days | 1,574 sqft |
2023-11-01 | 0 days | 1,689 sqft |
2023-12-01 | 0 days | 1,710 sqft |
2024-01-01 | 0 days | 1,598 sqft |
2024-02-01 | 0 days | 1,588 sqft |
2024-03-01 | 0 days | 1,594 sqft |
2024-04-01 | 0 days | 1,572 sqft |
2024-05-01 | 0 days | 1,725 sqft |
2024-06-01 | 0 days | 1,716 sqft |
2024-07-01 | 0 days | 1,725 sqft |
2024-08-01 | 0 days | 1,688 sqft |
2024-09-01 | 0 days | 1,704 sqft |
2024-10-01 | 0 days | 1,659 sqft |
St. Joseph's median square footage for active listings during the 2024-10-01 period was 1,659 sqft. One year prior, the average listing was 1,574 sqft.