St. Joseph FHA Loan Rates, Closing Costs & Stats

ST. JOSEPH, MO-KS

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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.

    St. Joseph's 72 lenders originated 453 FHA loans during 2024. The total origination value was $78,505,000, with an average FHA loan value of $173,300.

    St. Joseph FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in St. Joseph averaged 0.12% for the week of 2025-06-20, compared to the national average (all FHA variants) of 0% for the same period.

    St. Joseph's average FHA mortgage closing costs are $5,568.

    The average rate for the prior week (2025-06-13) was 6.8% and one month ago for the week of 2025-05-16, the average rate was 6.76%.

    The average rate one year ago was 7.01%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.32%.

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

    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.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 75 6.61% $6,842
    PRIMELENDING, A PLAINSCAPITAL COMPANY 55 6.63% $6,959
    QUICKEN LOANS, LLC 42 6.53% $8,800
    Flanagan State Bank 20 6.86% $7,672
    U.S. Bank 14 6.42% $5,829
    COMMUNITY MORTGAGE, LLC 13 6.30% $6,630
    UNITED WHOLESALE MORTGAGE, LLC 12 6.49% $7,182
    FLAT BRANCH MORTGAGE, INC. 11 6.68% $6,218
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 10 6.59% $7,668
    ENDEAVOR CAPITAL, LLC. 10 6.15% $7,724
    FREEDOM MORTGAGE CORPORATION 9 6.57% $10,043
    LOANDEPOT.COM, LLC 7 6.42% $8,329
    OPEN MORTGAGE, LLC 7 7.18% $4,415
    Equity Prime Mortgage LLC 7 7.45% $7,584
    PENNYMAC LOAN SERVICES, LLC 7 6.55% $7,173
    Commerce Bank 5 7.23% $5,287
    HALLMARK HOME MORTGAGE, LLC 5 6.43% $7,565
    MID AMERICA MORTGAGE, INC. 4 6.78% $6,101
    BROKER SOLUTIONS, INC. 4 7.09% $7,371
    Prosperity Home Mortgage, LLC 4 6.40% $10,089
    Carrington Mortgage Services, LLC 4 7.06% $10,771
    HOMESIDE FINANCIAL, LLC 4 6.87% $9,921
    LAKEVIEW LOAN SERVICING, LLC 4 6.94% $7,282
    LEADERONE FINANCIAL CORPORATION 4 7.19% $9,369
    VILLAGE CAPITAL MORTGAGE 3 6.71% $3,464
    AMERISAVE MORTGAGE CORPORATION 3 5.88% $15,654
    ZILLOW HOME LOANS, LLC 3 6.50% $8,720
    First Federal Bank 3 6.58% $6,404
    GUILD MORTGAGE COMPANY 3 6.42% $10,058
    Plains Commerce Bank 3 6.92% $8,955
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.42% $7,346
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.58% $10,803
    Waterstone Mortgage Corporation 3 5.54% $7,182
    PANORAMA MORTGAGE GROUP, LLC 2 7.75% $6,993
    UMB Bank 2 6.56% $8,028
    NBH Bank 2 6.19% $4,605
    North American Savings Bank, F.S.B. 2 5.69% $9,077
    CROSSCOUNTRY MORTGAGE, LLC 2 6.25% $6,416
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.44% $5,944
    Stride Bank 2 6.19% $5,672
    First State Bank of St. Charles, Missouri 2 6.25% $6,534
    COMMUNITYAMERICA 2 6.38% $7,035
    BAYSHORE MORTGAGE FUNDING, LLC 2 7.19% $9,037
    Mortgage Investment Services Corporation 2 6.25% $5,816
    NBKC BANK 2 6.75% $6,929
    The Central Trust Bank 1 6.00% $8,063
    AMERICAN FINANCING CORPORATION 1 4.75% $14,680
    BETTER MORTGAGE CORPORATION 1 6.25% $15,666
    CARDINAL FINANCIAL 1 6.75% $10,354
    DAS Acquisition Company, LLC 1 7.13% $6,061
    DELMAR FINANCIAL COMPANY 1 7.25% $6,313
    EVERETT FINANCIAL, INC. 1 6.75% $7,882
    First Bank 1 6.63% $8,008
    First National Bank and Trust Company 1 5.50% $8,078
    First National Bank of Omaha 1 7.13% $4,040
    GENEVA FINANCIAL, LLC 1 7.88% $7,270
    GERSHMAN INVESTMENT CORP. 1 6.50% $4,283
    Integrity Home Mortgage Corp 1 6.63% $11,213
    LOANPAL, LLC 1 5.38% $12,634
    MEGASTAR FINANCIAL CORP. 1 6.13% $5,774
    Midwest Mortgage Associates Corporation 1 6.63% $3,715
    Mortgage Research Center, LLC 1 7.13% $1,860
    Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $3,684
    NEWREZ LLC 1 6.75% $7,941
    PHH Mortgage Corporation 1 5.99% $10,178
    Pinnacle Bank 1 6.75% $10,170
    PLANET HOME LENDING, LLC 1 6.50% $14,422
    SUN WEST MORTGAGE COMPANY, INC. 1 5.75% $9,290
    AMERICAN FINANCIAL NETWORK, INC. 1 6.25% $12,231
    TOP FLITE FINANCIAL, INC. 1 7.13% $9,654
    United Community Bank 1 6.75% $7,367
    Wells Fargo Bank 1 6.63% $7,233

    The top St. Joseph FHA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 75 FHA loans originated. Their average total fees are $6,842, which is $117 lower than the next largest lender, PRIMELENDING, A PLAINSCAPITAL COMPANY.

    The lowest fee St. Joseph FHA lenders (with over 10 loans originated) are U.S. Bank ($5,829), FLAT BRANCH MORTGAGE, INC. ($6,218), COMMUNITY MORTGAGE, LLC ($6,630), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($6,842) and PRIMELENDING, A PLAINSCAPITAL COMPANY ($6,959).

    The lowest rate St. Joseph FHA lenders (with over 10 loans originated) are ENDEAVOR CAPITAL, LLC. (6.15%), COMMUNITY MORTGAGE, LLC (6.30%), U.S. Bank (6.42%), UNITED WHOLESALE MORTGAGE, LLC (6.49%) and QUICKEN LOANS, LLC (6.53%).

    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

    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).