St. Louis FHA Loan Rates, Closing Costs & Stats

ST. LOUIS, MO-IL

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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. Louis's 194 lenders originated 8,646 FHA loans during 2022. The total origination value was $1,750,140,000, with an average FHA loan value of $202,422.

    St. Louis FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in St. Louis averaged -0.29% for the week of 2023-11-24, compared to the national average (all FHA variants) of 0% for the same period.

    St. Louis's average FHA mortgage closing costs are $5,950.

    The average rate for the prior week (2023-11-17) was 7.01% and one month ago for the week of 2023-10-20, the average rate was 7.31%.

    The average rate one year ago was 6.14%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.4%.

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

    St. Louis 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. Louis level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    DAS Acquisition Company, LLC 784 5.44% $8,389
    GUILD MORTGAGE COMPANY 563 5.17% $8,166
    QUICKEN LOANS, LLC 558 4.57% $8,278
    UNITED WHOLESALE MORTGAGE, LLC 457 4.95% $7,306
    BROKER SOLUTIONS, INC. 440 5.34% $8,387
    GERSHMAN INVESTMENT CORP. 384 5.19% $7,239
    JLB CORPORATION 343 4.64% $8,242
    FLAT BRANCH MORTGAGE, INC. 329 5.23% $6,845
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 224 5.14% $6,687
    DELMAR FINANCIAL COMPANY 192 5.20% $7,324
    ENDEAVOR CAPITAL, LLC. 173 5.23% $7,172
    The Home Loan Expert LLC 160 4.85% $7,341
    Carrollton Bank 158 4.76% $6,447
    LOANDEPOT.COM, LLC 144 4.95% $8,714
    GUARANTEED RATE, INC. 142 5.39% $7,191
    PENNYMAC LOAN SERVICES, LLC 137 4.30% $7,002
    FREEDOM MORTGAGE CORPORATION 129 4.90% $7,815
    NEWREZ LLC 121 4.68% $7,321
    FAMILY FINANCE MORTGAGE, LLC 113 5.09% $7,893
    Mr. Cooper ( Nationstar Mortgage ) 108 4.69% $10,188
    Stifel Bank and Trust 99 4.53% $5,792
    AMERISAVE MORTGAGE CORPORATION 95 4.62% $8,927
    Carrington Mortgage Services, LLC 86 5.28% $8,631
    LAKEVIEW LOAN SERVICING, LLC 81 4.17% $6,330
    FIRST INTEGRITY MORTGAGE SERVICES, INC. 78 5.12% $6,646
    GUARANTEED RATE AFFINITY, LLC 71 5.22% $8,255
    CALIBER HOME LOANS, INC. 66 4.85% $7,836
    The Central Trust Bank 58 4.79% $7,024
    LEADERONE FINANCIAL CORPORATION 58 4.99% $8,973
    HOME POINT FINANCIAL CORPORATION 58 4.93% $7,581
    CMG MORTGAGE, INC. 53 4.75% $6,304
    Midwest BankCentre 53 4.96% $5,784
    CROSSCOUNTRY MORTGAGE, LLC 51 5.70% $8,901
    Regions Bank 50 5.19% $6,762
    U.S. Bank 47 5.01% $5,846
    First State Bank of St. Charles, Missouri 46 5.11% $7,507
    Mortgage Research Center, LLC 46 5.24% $5,515
    CARDINAL FINANCIAL 43 4.67% $8,575
    PLANET HOME LENDING, LLC 41 4.31% $5,952
    Paramount Bank 40 4.76% $7,953
    Paramount Residential Mortgage Group, Inc. 39 5.13% $8,100
    VILLAGE CAPITAL MORTGAGE 39 3.55% $3,080
    Equity Prime Mortgage LLC 39 5.20% $8,911
    GENEVA FINANCIAL, LLC 38 5.36% $9,811
    Citizens Bank 35 4.49% $5,836
    FRONTIER FINANCIAL, INC. 34 5.20% $6,399
    FCB Banks 34 4.69% $5,358
    F&B Acquisition Group LLC 32 5.02% $8,306
    SCOTT CREDIT UNION 30 4.57% $5,921
    MUTUAL OF OMAHA MORTGAGE, INC. 29 5.18% $9,748
    Flagstar Bank, FSB 28 5.26% $6,627
    First Guaranty Mortgage Corporation 27 3.94% $8,053
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 26 5.28% $6,684
    EVERETT FINANCIAL, INC. 25 5.09% $5,193
    First Bank 25 4.81% $6,867
    ACCESS CAPITAL FUNDING, L.L.C. 24 4.61% $5,899
    TOP FLITE FINANCIAL, INC. 23 5.85% $14,071
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 22 5.20% $6,158
    Bank of America 21 4.07% $4,497
    ON Q FINANCIAL, INC. 21 5.66% $7,816
    PANORAMA MORTGAGE GROUP, LLC 19 5.57% $8,722
    PNC Bank 19 4.95% $4,919
    Plains Commerce Bank 18 5.42% $7,617
    HOMESTAR FINANCIAL CORPORATION 17 4.99% $5,989
    MOVEMENT MORTGAGE, LLC 17 5.51% $7,358
    PRIMELENDING, A PLAINSCAPITAL COMPANY 17 5.31% $8,598
    TOWNE MORTGAGE COMPANY 16 4.98% $10,447
    CIBC Bank USA 16 5.34% $6,986
    BancorpSouth 15 4.83% $5,384
    NP, Inc. 15 4.99% $7,037
    AMERICAN PACIFIC MORTGAGE CORPORATION 14 5.75% $9,734
    Nations Lending Corporation 14 5.39% $8,453
    Associated Bank 13 5.01% $4,112
    United Community Bank 13 5.14% $4,715
    HOMESIDE FINANCIAL, LLC 13 5.10% $8,194
    Simmons Bank 13 4.11% $6,900
    COMMUNITY MORTGAGE, LLC 12 5.01% $8,520
    Prosperity Home Mortgage, LLC 12 5.54% $7,406
    Bank of Springfield 12 4.60% $5,858
    HOMEBRIDGE FINANCIAL SERVICES, INC. 12 4.86% $7,864
    Busey Bank 11 4.98% $6,986
    Commerce Bank 11 5.07% $5,540
    AMERICAN FINANCING CORPORATION 10 4.38% $8,272
    D.W. BROWN MORTGAGE CORP. 10 4.95% $2,877
    HANCOCK MORTGAGE PARTNERS, LLC 10 4.65% $9,134
    M&T Bank 10 4.88% $7,541
    LOANPAL, LLC 10 5.05% $9,754
    Town & Country Banc Mortgage Services 9 4.69% $5,073
    LAND HOME FINANCIAL SERVICES, INC. 9 5.32% $7,158
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 8 5.64% $6,704
    JPMorgan Chase Bank 8 5.05% $4,826
    HOMESITE MORTGAGE, LLC 7 4.41% $3,313
    VICTORY MORTGAGE, L.L.C. 7 4.61% $9,097
    TruHome Solutions, LLC 7 4.88% $8,210
    Peoples National Bank , N.A. 7 4.86% $7,965
    Bank of England 6 5.52% $8,642
    Barrington Bank & Trust Company, N.A. 6 4.90% $8,278
    GSF Mortgage Corporation 6 4.31% $7,086
    The Federal Savings Bank 6 4.23% $10,736
    PLAZA HOME MORTGAGE, INC. 6 4.69% $8,090
    Enterprise Bank & Trust 6 4.60% $7,708
    PRIMARY RESIDENTIAL MORTGAGE, INC. 6 5.90% $10,457
    Midwest Mortgage Associates Corporation 6 4.46% $7,184
    Wyndham Capital Mortgage, Inc. 6 4.83% $8,660
    AMERICAN FINANCIAL RESOURCES, INC. 6 5.15% $9,177
    GMFS LLC 6 4.79% $3,426
    Texana Bank 5 4.83% $9,118
    Peoples Bank 5 4.97% $13,278
    UNION HOME MORTGAGE CORP. 5 6.00% $8,227
    United Fidelity Funding Corp. 5 5.90% $11,606
    ENVOY MORTGAGE, LTD 4 6.13% $11,438
    Hometown Lenders, Inc. 4 4.91% $7,308
    Lakeview Community Capital, LLC 4 3.84% $5,630
    Bell Bank 4 4.81% $7,312
    ROYAL UNITED MORTGAGE LLC 4 4.06% $7,202
    NFM, INC. 4 5.41% $7,051
    North American Savings Bank, F.S.B. 4 5.31% $6,071
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 4 3.94% $8,174
    KELLER MORTGAGE, LLC 4 5.31% $6,411
    First Horizon Bank 4 4.59% $7,129
    Wells Fargo Bank 4 4.78% $4,767
    BAY EQUITY LLC 3 5.71% $7,162
    THOMPSON KANE & COMPANY, LLC 3 5.88% $6,284
    BETTER MORTGAGE CORPORATION 3 6.17% $8,081
    Northpointe Bank 3 5.71% $7,652
    SUN WEST MORTGAGE COMPANY, INC. 3 6.32% $6,249
    Sullivan Bank 3 6.13% $6,191
    OCMBC, INC. 3 6.88% $12,014
    OPEN MORTGAGE, LLC 3 5.92% $6,867
    Cornerstone First Mortgage, Inc 3 4.83% $10,300
    EMBRACE HOME LOANS, INC. 3 6.08% $11,599
    PREMIA MORTGAGE, LLC 3 5.46% $6,362
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 5.75% $5,857
    PHH Mortgage Corporation 3 4.71% $7,736
    FIRST CENTENNIAL MORTGAGE CORPORATION 3 5.83% $6,085
    FINANCE OF AMERICA MORTGAGE LLC 3 4.79% $6,897
    MICHIGAN MUTUAL, INC. 3 4.63% $7,769
    Midland States Bank 3 5.63% $8,857
    Amerifirst Financial, Inc. 3 5.96% $5,075
    Hawthorn Bank 3 4.50% $7,588
    AmeriHome Mortgage Company, LLC 3 5.87% $11,103
    ZILLOW HOME LOANS, LLC 3 5.79% $11,512
    MID AMERICA MORTGAGE, INC. 2 5.44% $7,996
    JAMES B. NUTTER & COMPANY 2 2.94% $1,547
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 5.50% $13,586
    Great Southern Bank 2 5.00% $8,548
    NBKC BANK 2 4.00% $5,086
    FIRST COMMUNITY MORTGAGE, INC. 2 4.00% $8,432
    CHURCHILL MORTGAGE CORPORATION 2 5.19% $8,977
    RUOFF MORTGAGE COMPANY, INC. 2 6.00% $5,774
    Servion, Inc. 2 4.25% $6,692
    ACADEMY MORTGAGE CORPORATION 2 4.94% $8,319
    Axos Bank 2 5.13% $10,796
    UMB Bank 2 7.13% $8,879
    AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 2 4.13% $11,360
    Members Mortgage Services, L.L.C. 2 4.56% $4,815
    FIRST STATE MORTGAGE SERVICES, LLC 1 3.25% $5,621
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 5.13% $13,135
    S1L, Inc. 1 6.75% $6,696
    Christensen Financial, Inc. 1 4.63% $13,422
    VERITAS FUNDING, LLC 1 5.25% $15,523
    BNC National Bank 1 5.25% $9,161
    SOUTHWEST FUNDING, LP 1 5.88% $6,565
    BMO Harris Bank 1 6.25% $5,103
    STOCKTON MORTGAGE CORPORATION 1 4.63% $12,233
    OCEANSIDE MORTGAGE COMPANY 1 6.13% $4,007
    SUMMIT FUNDING, INC. 1 6.38% $7,958
    Fortress Bank 1 5.63% $3,325
    T2 FINANCIAL LLC 1 3.00% $4,597
    MORIA DEVELOPMENT, INC. 1 5.63% $13,901
    Blue Ridge Bank 1 5.12% $4,991
    NORTHERN MORTGAGE SERVICES, LLC 1 5.50% $4,359
    Gateway First Bank 1 4.75% $8,829
    The Huntington National Bank 1 5.50% $4,509
    NEW DAY FINANCIAL, LLC 1 6.13% $3,903
    BECKAM FUNDING CORP. 1 6.75% $15,202
    TOTAL MORTGAGE SERVICES, LLC 1 5.25% $5,207
    NETWORK CAPITAL FUNDING CORPORATION 1 4.63% $7,031
    MIDLAND MORTGAGE CORPORATION 1 5.75% $13,152
    Assurance Financial Group, L.L.C. 1 3.38% $10,544
    MEMBER HOME LOAN, L.L.C. 1 4.38% $9,254
    American Mortgage Bank, LLC 1 5.38% $17,320
    AmRes Corporation 1 5.63% $12,054
    Neighborhood Loans, Inc. 1 3.13% $4,566
    GUARANTY HOME MORTGAGE CORPORATION 1 3.25% $14,746
    Ixonia Bank 1 5.63% $17,783
    FAY SERVICING, LLC 1 5.75% $9,243
    First Home Bank 1 4.13% $7,964
    ENCORE BANK 1 5.13% $6,407
    FIRST MORTGAGE COMPANY, INC. 1 5.50% $7,260
    PROPER RATE, LLC 1 4.45% $10,086
    First Mortgage Solutions, LLC 1 4.49% $9,193
    Pacor Mortgage Corp 1 3.50% $8,366
    US MORTGAGE CORPORATION 1 5.75% $15,192

    The top St. Louis FHA lender as defined by loan originations is DAS Acquisition Company, LLC, with 784 FHA loans originated. Their average total fees are $8,389, which is $223 higher than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee St. Louis FHA lenders (with over 10 loans originated) are D.W. BROWN MORTGAGE CORP. ($2,877), VILLAGE CAPITAL MORTGAGE ($3,080), Associated Bank ($4,112), Bank of America ($4,497) and United Community Bank ($4,715).

    The lowest rate St. Louis FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (3.55%), First Guaranty Mortgage Corporation (3.94%), Bank of America (4.07%), Simmons Bank (4.11%) and LAKEVIEW LOAN SERVICING, LLC (4.17%).

    St. Louis FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    ST. LOUIS, MO-IL BOND 2022 $420,680 $538,650 $651,050 $809,150
    ST. LOUIS, MO-IL CALHOUN 2022 $420,680 $538,650 $651,050 $809,150
    ST. LOUIS, MO-IL CLINTON 2022 $420,680 $538,650 $651,050 $809,150
    ST. LOUIS, MO-IL JERSEY 2022 $420,680 $538,650 $651,050 $809,150
    ST. LOUIS, MO-IL MACOUPIN 2022 $420,680 $538,650 $651,050 $809,150
    ST. LOUIS, MO-IL MADISON 2022 $420,680 $538,650 $651,050 $809,150
    ST. LOUIS, MO-IL MONROE 2022 $420,680 $538,650 $651,050 $809,150
    ST. LOUIS, MO-IL ST. CLAIR 2022 $420,680 $538,650 $651,050 $809,150
    ST. LOUIS, MO-IL FRANKLIN 2022 $420,680 $538,650 $651,050 $809,150
    ST. LOUIS, MO-IL JEFFERSON 2022 $420,680 $538,650 $651,050 $809,150
    ST. LOUIS, MO-IL LINCOLN 2022 $420,680 $538,650 $651,050 $809,150
    ST. LOUIS, MO-IL ST. CHARLES 2022 $420,680 $538,650 $651,050 $809,150
    ST. LOUIS, MO-IL ST. LOUIS 2022 $420,680 $538,650 $651,050 $809,150
    ST. LOUIS, MO-IL WARREN 2022 $420,680 $538,650 $651,050 $809,150
    ST. LOUIS, MO-IL ST. LOUIS CITY 2022 $420,680 $538,650 $651,050 $809,150
    ST. LOUIS, MO-IL BOND 2023 $472,030 $604,400 $730,525 $907,900
    ST. LOUIS, MO-IL CALHOUN 2023 $472,030 $604,400 $730,525 $907,900
    ST. LOUIS, MO-IL CLINTON 2023 $472,030 $604,400 $730,525 $907,900
    ST. LOUIS, MO-IL JERSEY 2023 $472,030 $604,400 $730,525 $907,900
    ST. LOUIS, MO-IL MACOUPIN 2023 $472,030 $604,400 $730,525 $907,900
    ST. LOUIS, MO-IL MADISON 2023 $472,030 $604,400 $730,525 $907,900
    ST. LOUIS, MO-IL MONROE 2023 $472,030 $604,400 $730,525 $907,900
    ST. LOUIS, MO-IL ST. CLAIR 2023 $472,030 $604,400 $730,525 $907,900
    ST. LOUIS, MO-IL FRANKLIN 2023 $472,030 $604,400 $730,525 $907,900
    ST. LOUIS, MO-IL JEFFERSON 2023 $472,030 $604,400 $730,525 $907,900
    ST. LOUIS, MO-IL LINCOLN 2023 $472,030 $604,400 $730,525 $907,900
    ST. LOUIS, MO-IL ST. CHARLES 2023 $472,030 $604,400 $730,525 $907,900
    ST. LOUIS, MO-IL ST. LOUIS 2023 $472,030 $604,400 $730,525 $907,900
    ST. LOUIS, MO-IL WARREN 2023 $472,030 $604,400 $730,525 $907,900
    ST. LOUIS, MO-IL ST. LOUIS CITY 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - St. Louis (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 $189,400 (12.0%) $269,594 (6.1%) 0.70 8,422
    2018-02-01 $193,450 (12.2%) $277,213 (5.8%) 0.70 8,301
    2018-03-01 $205,000 (11.0%) $291,265 (6.0%) 0.72 8,652
    2018-04-01 $214,875 (11.8%) $300,549 (6.1%) 0.73 8,742
    2018-05-01 $219,900 (9.3%) $306,148 (4.6%) 0.73 9,152
    2018-06-01 $219,900 (8.2%) $308,574 (5.3%) 0.73 9,728
    2018-07-01 $216,750 (8.4%) $303,344 (5.3%) 0.72 10,254
    2018-08-01 $216,000 (9.8%) $299,330 (6.6%) 0.72 10,480
    2018-09-01 $215,000 (9.8%) $297,128 (5.4%) 0.72 10,485
    2018-10-01 $212,725 (6.7%) $294,146 (3.5%) 0.72 10,575
    2018-11-01 $209,900 (8.1%) $289,262 (3.7%) 0.71 10,105
    2018-12-01 $200,000 (5.5%) $280,394 (3.4%) 0.69 9,044
    2019-01-01 $199,550 (5.4%) $275,229 (2.1%) 0.69 7,920
    2019-02-01 $210,000 (8.6%) $291,481 (5.2%) 0.71 7,560
    2019-03-01 $219,229 (6.9%) $298,617 (2.5%) 0.72 7,742
    2019-04-01 $225,000 (4.7%) $305,034 (1.5%) 0.71 7,961
    2019-05-01 $231,450 (5.3%) $313,299 (2.3%) 0.72 8,254
    2019-06-01 $234,900 (6.8%) $316,951 (2.7%) 0.73 8,574
    2019-07-01 $229,450 (5.9%) $313,324 (3.3%) 0.72 8,893
    2019-08-01 $226,545 (4.9%) $309,110 (3.3%) 0.72 9,029
    2019-09-01 $222,864 (3.7%) $305,491 (2.8%) 0.71 9,135
    2019-10-01 $220,000 (3.4%) $302,330 (2.8%) 0.71 9,190
    2019-11-01 $215,000 (2.4%) $299,910 (3.7%) 0.70 8,763
    2019-12-01 $210,200 (5.1%) $289,987 (3.4%) 0.70 7,794
    2020-01-01 $209,900 (5.2%) $287,622 (4.5%) 0.70 6,909
    2020-02-01 $218,900 (4.2%) $298,000 (2.2%) 0.72 6,367
    2020-03-01 $229,575 (4.7%) $305,672 (2.4%) 0.72 6,432
    2020-04-01 $231,500 (2.9%) $305,767 (0.2%) 0.73 6,463
    2020-05-01 $247,900 (7.1%) $320,854 (2.4%) 0.75 6,320
    2020-06-01 $249,900 (6.4%) $333,864 (5.3%) 0.74 6,016
    2020-07-01 $249,950 (8.9%) $336,803 (7.5%) 0.72 5,763
    2020-08-01 $249,900 (10.3%) $338,157 (9.4%) 0.72 5,621
    2020-09-01 $249,900 (12.1%) $339,370 (11.1%) 0.72 5,557
    2020-10-01 $243,400 (10.6%) $334,322 (10.6%) 0.70 5,659
    2020-11-01 $235,800 (9.7%) $328,448 (9.5%) 0.69 5,296
    2020-12-01 $230,150 (9.5%) $323,464 (11.5%) 0.69 4,753
    2021-01-01 $239,900 (14.3%) $337,023 (17.2%) 0.72 4,017
    2021-02-01 $249,900 (14.2%) $342,926 (15.1%) 0.73 3,540
    2021-03-01 $252,450 (10.0%) $345,425 (13.0%) 0.72 3,572
    2021-04-01 $258,600 (11.7%) $355,697 (16.3%) 0.70 3,564
    2021-05-01 $254,900 (2.8%) $357,526 (11.4%) 0.68 3,474
    2021-06-01 $255,800 (2.4%) $352,428 (5.6%) 0.67 3,848
    2021-07-01 $250,000 (0.0%) $346,893 (3.0%) 0.66 4,596
    2021-08-01 $249,900 (0.0%) $341,848 (1.1%) 0.67 4,766
    2021-09-01 $249,900 (0.0%) $338,695 (-0.2%) 0.67 4,700
    2021-10-01 $240,000 (-1.4%) $337,379 (0.9%) 0.64 4,539
    2021-11-01 $236,975 (0.5%) $336,788 (2.5%) 0.63 4,144
    2021-12-01 $239,950 (4.3%) $335,714 (3.8%) 0.65 3,462
    2022-01-01 $243,900 (1.7%) $336,432 (-0.2%) 0.66 3,009
    2022-02-01 $262,450 (5.0%) $344,008 (0.3%) 0.68 2,831
    2022-03-01 $270,100 (7.0%) $347,027 (0.5%) 0.68 2,914
    2022-04-01 $269,900 (4.4%) $337,183 (-5.2%) 0.64 3,112
    2022-05-01 $275,400 (8.0%) $347,351 (-2.9%) 0.63 3,650
    2022-06-01 $279,700 (9.3%) $352,883 (0.1%) 0.62 4,100
    2022-07-01 $275,000 (10.0%) $347,889 (0.3%) 0.62 4,648
    2022-08-01 $276,339 (10.6%) $346,007 (1.2%) 0.64 4,692
    2022-09-01 $274,972 (10.0%) $345,796 (2.1%) 0.64 4,696
    2022-10-01 $275,900 (15.0%) $340,510 (0.9%) 0.65 4,809
    2022-11-01 $274,000 (15.6%) $337,939 (0.3%) 0.66 4,783
    2022-12-01 $269,000 (12.1%) $329,391 (-1.9%) 0.66 4,223
    2023-01-01 $269,900 (10.7%) $333,777 (-0.8%) 0.67 3,782
    2023-02-01 $271,750 (3.5%) $336,969 (-2.1%) 0.66 3,499
    2023-03-01 $278,950 (3.3%) $343,433 (-1.0%) 0.66 3,477
    2023-04-01 $284,900 (5.6%) $355,307 (5.4%) 0.66 3,581
    2023-05-01 $281,650 (2.3%) $358,201 (3.1%) 0.64 3,752
    2023-06-01 $289,448 (3.5%) $362,760 (2.8%) 0.65 3,973
    2023-07-01 $288,900 (5.1%) $359,779 (3.4%) 0.66 4,296
    2023-08-01 $283,763 (2.7%) $352,539 (1.9%) 0.65 4,393
    2023-09-01 $279,900 (1.8%) $348,374 (0.8%) 0.65 4,869
    2023-10-01 $277,000 (0.4%) $346,814 (1.9%) 0.65 5,123
    St. Louis's median listing price for 2023-10-01 was $277,000, a difference of $1,100 (0.4%) versus the prior year and $-2,900 versus the prior month.

    St. Louis's median listing price comes in at 65% of the national average.

    St. Louis's average listing price for 2023-10-01 was $346,814, a difference of $6,304 (1.9%) versus the prior year and $-1,560 versus the prior month.

    For the 2023-10-01 period, St. Louis had 5,123 MLS listings, a difference of 254 listings (5%) versus the prior month and 314 listings (7%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - St. Louis (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 79 days 1,655 sqft
    2018-02-01 72 days 1,672 sqft
    2018-03-01 51 days 1,727 sqft
    2018-04-01 51 days 1,754 sqft
    2018-05-01 50 days 1,764 sqft
    2018-06-01 48 days 1,758 sqft
    2018-07-01 50 days 1,746 sqft
    2018-08-01 53 days 1,733 sqft
    2018-09-01 57 days 1,723 sqft
    2018-10-01 59 days 1,710 sqft
    2018-11-01 62 days 1,690 sqft
    2018-12-01 72 days 1,673 sqft
    2019-01-01 82 days 1,652 sqft
    2019-02-01 75 days 1,705 sqft
    2019-03-01 60 days 1,734 sqft
    2019-04-01 47 days 1,745 sqft
    2019-05-01 49 days 1,756 sqft
    2019-06-01 51 days 1,764 sqft
    2019-07-01 53 days 1,753 sqft
    2019-08-01 53 days 1,744 sqft
    2019-09-01 55 days 1,735 sqft
    2019-10-01 57 days 1,728 sqft
    2019-11-01 68 days 1,700 sqft
    2019-12-01 83 days 1,678 sqft
    2020-01-01 85 days 1,653 sqft
    2020-02-01 83 days 1,682 sqft
    2020-03-01 51 days 1,738 sqft
    2020-04-01 56 days 1,761 sqft
    2020-05-01 60 days 1,808 sqft
    2020-06-01 59 days 1,842 sqft
    2020-07-01 53 days 1,846 sqft
    2020-08-01 52 days 1,812 sqft
    2020-09-01 60 days 1,811 sqft
    2020-10-01 60 days 1,776 sqft
    2020-11-01 65 days 1,747 sqft
    2020-12-01 69 days 1,714 sqft
    2021-01-01 64 days 1,728 sqft
    2021-02-01 57 days 1,715 sqft
    2021-03-01 46 days 1,728 sqft
    2021-04-01 41 days 1,731 sqft
    2021-05-01 39 days 1,700 sqft
    2021-06-01 37 days 1,706 sqft
    2021-07-01 35 days 1,709 sqft
    2021-08-01 37 days 1,689 sqft
    2021-09-01 40 days 1,672 sqft
    2021-10-01 42 days 1,639 sqft
    2021-11-01 43 days 1,609 sqft
    2021-12-01 50 days 1,604 sqft
    2022-01-01 53 days 1,600 sqft
    2022-02-01 42 days 1,619 sqft
    2022-03-01 34 days 1,656 sqft
    2022-04-01 32 days 1,651 sqft
    2022-05-01 30 days 1,667 sqft
    2022-06-01 32 days 1,696 sqft
    2022-07-01 35 days 1,680 sqft
    2022-08-01 37 days 1,679 sqft
    2022-09-01 42 days 1,680 sqft
    2022-10-01 41 days 1,681 sqft
    2022-11-01 43 days 1,678 sqft
    2022-12-01 53 days 1,659 sqft
    2023-01-01 64 days 1,653 sqft
    2023-02-01 64 days 1,652 sqft
    2023-03-01 47 days 1,659 sqft
    2023-04-01 39 days 1,700 sqft
    2023-05-01 37 days 1,687 sqft
    2023-06-01 39 days 1,700 sqft
    2023-07-01 38 days 1,680 sqft
    2023-08-01 37 days 1,667 sqft
    2023-09-01 38 days 1,640 sqft
    2023-10-01 42 days 1,645 sqft
    St. Louis's median listing age (time on market) for 2023-10-01 was 42 days. This is 1% longer than the same period one year ago.

    St. Louis's median square footage for active listings during the 2023-10-01 period was 1,645 sqft. One year prior, the average listing was 1,681 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).