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 213 lenders originated 14,013 FHA loans during 2021. The total origination value was $2,472,635,000, with an average FHA loan value of $176,453.

    St. Louis FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in St. Louis averaged 6.49% for the week of 2022-12-02, compared to the national average (all FHA variants) of 6.466% for the same period.

    St. Louis's average FHA mortgage closing costs are $5,637.

    The average rate for the prior week (2022-11-25) was 6.61% and one month ago for the week of 2022-10-28, the average rate was 6.75%.

    The average rate one year ago was 3.18%.

    For refis of the same type during the week of 2022-12-02, the average rate was 6.11%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    DAS Acquisition Company, LLC 1,128 3.33% $6,516
    QUICKEN LOANS, LLC 1,028 2.78% $5,487
    GUILD MORTGAGE COMPANY 940 3.10% $6,449
    GERSHMAN INVESTMENT CORP. 738 3.41% $6,063
    BROKER SOLUTIONS, INC. 714 3.42% $6,603
    FLAT BRANCH MORTGAGE, INC. 508 3.20% $5,767
    FREEDOM MORTGAGE CORPORATION 389 2.89% $3,934
    JLB CORPORATION 376 2.77% $6,720
    UNITED WHOLESALE MORTGAGE, LLC 374 2.76% $6,255
    DELMAR FINANCIAL COMPANY 322 3.12% $5,972
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 309 3.22% $5,638
    PENNYMAC LOAN SERVICES, LLC 290 3.13% $4,186
    ENDEAVOR CAPITAL, LLC. 267 3.23% $5,017
    LAKEVIEW LOAN SERVICING, LLC 259 3.08% $3,880
    Mr. Cooper ( Nationstar Mortgage ) 249 3.31% $3,598
    CALIBER HOME LOANS, INC. 199 2.80% $4,823
    Carrollton Bank 191 2.85% $5,782
    VILLAGE CAPITAL MORTGAGE 173 3.07% $2,029
    NEWREZ LLC 168 2.94% $4,923
    Stifel Bank and Trust 158 2.69% $4,998
    GUARANTEED RATE, INC. 147 3.03% $5,875
    FAMILY FINANCE MORTGAGE, LLC 145 3.10% $6,719
    The Home Loan Expert LLC 142 3.14% $6,676
    FIRST INTEGRITY MORTGAGE SERVICES, INC. 127 3.18% $5,293
    LOANDEPOT.COM, LLC 122 3.49% $6,672
    Carrington Mortgage Services, LLC 117 3.49% $6,075
    FRONTIER FINANCIAL, INC. 92 3.01% $6,231
    HOME POINT FINANCIAL CORPORATION 91 2.94% $5,293
    GUARANTEED RATE AFFINITY, LLC 85 2.93% $6,802
    LEADERONE FINANCIAL CORPORATION 77 3.31% $6,424
    CELEBRITY HOME LOANS, LLC 77 3.12% $6,031
    U.S. Bank 76 3.13% $5,254
    PLANET HOME LENDING, LLC 73 2.79% $4,153
    First State Bank of St. Charles, Missouri 71 2.78% $6,811
    Paramount Bank 70 2.89% $6,024
    CMG MORTGAGE, INC. 69 2.98% $5,747
    First Guaranty Mortgage Corporation 65 3.01% $6,038
    The Central Trust Bank 65 2.98% $5,981
    F&B Acquisition Group LLC 63 3.10% $7,287
    FCB Banks 62 2.55% $4,914
    AMERISAVE MORTGAGE CORPORATION 60 2.99% $7,389
    Regions Bank 58 2.97% $5,219
    Midwest BankCentre 50 2.55% $5,392
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 49 3.06% $7,312
    First Bank 47 2.84% $5,869
    Equity Prime Mortgage LLC 45 3.37% $6,590
    HOMEBRIDGE FINANCIAL SERVICES, INC. 44 2.43% $4,358
    AMERICAN FINANCIAL NETWORK, INC. 43 3.38% $9,928
    GENEVA FINANCIAL, LLC 42 3.36% $7,538
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 41 2.95% $5,613
    PRIMELENDING, A PLAINSCAPITAL COMPANY 41 3.19% $6,676
    MUTUAL OF OMAHA MORTGAGE, INC. 40 2.93% $7,551
    D.W. BROWN MORTGAGE CORP. 38 3.37% $3,131
    ACCESS CAPITAL FUNDING, L.L.C. 35 2.85% $5,405
    HOMESTAR FINANCIAL CORPORATION 35 3.24% $4,303
    Paramount Residential Mortgage Group, Inc. 34 3.36% $6,578
    BancorpSouth Bank 32 3.02% $5,446
    ON Q FINANCIAL, INC. 32 3.22% $7,110
    Simmons Bank 32 3.04% $5,898
    Bank of America 30 2.73% $3,200
    Peoples National Bank , N.A. 29 3.10% $5,608
    Citizens Bank 29 2.78% $4,829
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 28 3.12% $6,023
    Flagstar Bank, FSB 28 2.85% $4,857
    Town & Country Banc Mortgage Services, Inc. 27 3.31% $4,422
    HALLMARK HOME MORTGAGE, LLC 25 3.14% $6,239
    CROSSCOUNTRY MORTGAGE, LLC 24 2.96% $7,175
    Mortgage Research Center, LLC 21 3.17% $4,879
    PRIMARY RESIDENTIAL MORTGAGE, INC. 21 3.55% $6,428
    Commerce Bank 19 3.55% $4,596
    TOP FLITE FINANCIAL, INC. 19 3.37% $10,729
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 18 3.20% $5,967
    PANORAMA MORTGAGE GROUP, LLC 17 3.51% $6,514
    COMMUNITY MORTGAGE, LLC 15 2.74% $6,990
    The Federal Savings Bank 14 2.73% $9,729
    UNION HOME MORTGAGE CORP. 14 3.11% $6,933
    NBH Bank 14 2.89% $4,206
    SCOTT CREDIT UNION 13 2.54% $4,820
    AMERICAN FINANCING CORPORATION 13 2.96% $7,163
    Enterprise Bank & Trust 12 2.75% $5,951
    Midland States Bank 12 2.92% $6,034
    Plains Commerce Bank 12 2.98% $6,203
    HOMESIDE FINANCIAL, LLC 11 3.23% $6,538
    PNC Bank 11 2.81% $6,097
    Servion, Inc. 11 2.83% $5,017
    United Community Bank 11 2.67% $5,073
    AMERICAN PACIFIC MORTGAGE CORPORATION 11 3.05% $7,408
    Bank of Springfield 10 3.01% $5,144
    United Fidelity Funding Corp. 10 2.96% $6,056
    HANCOCK MORTGAGE PARTNERS, LLC 9 3.19% $6,861
    KELLER MORTGAGE, LLC 9 2.78% $5,934
    Barrington Bank & Trust Company, N.A. 9 3.23% $5,379
    JPMorgan Chase Bank 9 3.11% $2,267
    Nations Lending Corporation 8 3.27% $9,534
    PLAZA HOME MORTGAGE, INC. 8 2.97% $8,812
    CIBC Bank USA 8 2.97% $5,073
    HOMESITE MORTGAGE, LLC 8 2.86% $7,177
    InterContinental Capital Group, Inc 8 2.58% $6,585
    ROYAL UNITED MORTGAGE LLC 7 3.00% $7,753
    Midwest Mortgage Associates Corporation 7 3.16% $6,954
    AmeriHome Mortgage Company, LLC 7 2.94% $4,287
    TOWNE MORTGAGE COMPANY 7 2.91% $7,445
    SUN WEST MORTGAGE COMPANY, INC. 7 3.37% $7,280
    Lakeview Community Capital, LLC 7 3.01% $4,383
    EVERETT FINANCIAL, INC. 6 3.73% $4,097
    AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 6 3.40% $8,454
    Bell Bank 6 3.10% $6,846
    LAND HOME FINANCIAL SERVICES, INC. 6 3.02% $6,483
    NP, Inc. 6 3.00% $5,911
    Hometown Equity Mortgage, LLC 6 2.65% $7,205
    GSF Mortgage Corporation 6 2.96% $6,634
    PHH Mortgage Corporation 6 3.71% $5,999
    FINANCE OF AMERICA MORTGAGE LLC 5 3.23% $7,244
    First Horizon Bank 5 2.80% $6,729
    Goldwater Bank, N.A. 5 2.63% $6,743
    Low VA Rates, LLC 5 2.65% $4,562
    Wells Fargo Bank 5 3.30% $3,371
    Bank of England 5 3.20% $6,486
    MICHIGAN MUTUAL, INC. 4 2.88% $6,266
    Citizens National Bank of Greater St. Louis 4 2.63% $6,637
    VICTORY MORTGAGE, L.L.C. 4 2.69% $6,990
    Northpointe Bank 4 3.47% $6,064
    GMFS LLC 4 3.22% $4,256
    Christensen Financial, Inc. 4 3.03% $6,672
    EMBRACE HOME LOANS, INC. 4 3.19% $7,012
    DRAPER AND KRAMER MORTGAGE CORP. 4 3.13% $8,105
    TruHome Solutions, LLC 4 3.13% $7,541
    Associated Bank 3 2.58% $4,703
    FIRST CENTENNIAL MORTGAGE CORPORATION 3 2.92% $4,176
    North American Savings Bank, F.S.B. 3 2.71% $5,280
    FIRST COMMUNITY MORTGAGE, INC. 3 3.13% $5,140
    M&T Bank 3 3.29% $6,781
    ZILLOW HOME LOANS, LLC 3 2.79% $8,241
    STEARNS LENDING, LLC 3 3.33% $5,554
    THOMPSON KANE & COMPANY, LLC 3 2.88% $4,167
    ARC HOME LLC 3 2.67% $5,782
    SOUTHWEST FUNDING, LP 3 3.96% $7,850
    UMB Bank 3 3.08% $5,901
    COMMUNITYAMERICA 3 2.83% $6,239
    FAY SERVICING, LLC 3 3.08% $5,115
    LOANPAL, LLC 3 3.29% $6,768
    Ixonia Bank 2 3.25% $8,481
    AMERICAN FINANCIAL RESOURCES, INC. 2 3.50% $8,314
    American Mortgage Bank, LLC 2 3.38% $7,105
    AmRes Corporation 2 2.63% $8,231
    BAYSHORE MORTGAGE FUNDING, LLC 2 3.19% $8,486
    BNC National Bank 2 2.88% $5,581
    CANOPY MORTGAGE, LLC 2 2.56% $6,956
    CapGrow Home Mortgage, LLC 2 2.50% $2,964
    CHURCHILL MORTGAGE CORPORATION 2 3.44% $6,306
    First Home Bank 2 3.19% $8,637
    First Option Mortgage, LLC 2 3.13% $5,589
    Hawthorn Bank 2 2.31% $10,023
    Hometown Lenders, Inc. 2 2.81% $5,232
    JAMES B. NUTTER & COMPANY 2 2.88% $3,114
    Magnolia Bank 2 3.13% $7,259
    MLD MORTGAGE INC. 2 2.50% $4,828
    MORIA DEVELOPMENT, INC. 2 3.38% $5,535
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 3.50% $10,902
    NATIONWIDE MORTGAGE BANKERS, INC. 2 3.25% $12,182
    Neighborhood Loans, Inc. 2 3.50% $5,493
    Peoples Bank 2 2.75% $10,489
    PREMIA MORTGAGE, LLC 2 2.88% $4,811
    RUOFF MORTGAGE COMPANY, INC. 2 3.38% $4,683
    SUCCESS MORTGAGE PARTNERS, INC. 2 3.38% $7,698
    Sullivan Bank 2 3.25% $7,662
    Wyndham Capital Mortgage, Inc. 2 3.31% $3,953
    NATIONS RELIABLE LENDING, LLC 1 3.88% $4,802
    NATIONS DIRECT MORTGAGE, LLC 1 4.13% $12,631
    RANLIFE, INC. 1 3.13% $6,006
    MOVEMENT MORTGAGE, LLC 1 3.25% $8,297
    RESIDENTIAL BANCORP. 1 2.75% $6,623
    Mortgage Investment Services Corporation 1 2.88% $4,236
    Waterstone Mortgage Corporation 1 3.63% $9,789
    S1L, Inc. 1 4.25% $10,285
    MIDLAND MORTGAGE CORPORATION 1 3.63% $6,566
    Mid-Continent Funding, Inc. 1 2.88% $6,477
    MID AMERICA MORTGAGE, INC. 1 2.63% $1,454
    SIWELL, INC. 1 3.75% $5,624
    Members Mortgage Services, L.L.C. 1 2.63% $3,333
    SOUTHWEST STAGE FUNDING, LLC 1 3.25% $6,876
    Loan Simple, Inc. 1 3.88% $9,430
    LIBERTY HOME MORTGAGE CORPORATION 1 2.75% $3,163
    American Mortgage & Equity Consultants, Inc. 1 4.38% $5,499
    Alerus Financial 1 2.75% $5,852
    LENOX FINANCIAL MORTGAGE CORPORATION 1 2.50% $7,268
    T2 FINANCIAL LLC 1 3.63% $7,093
    INB 1 2.63% $3,700
    Great Southern Bank 1 2.63% $6,396
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 2.75% $5,357
    The Huntington National Bank 1 3.25% $3,043
    The Union Bank Company 1 2.38% $5,911
    First Savings Bank 1 3.00% $11,852
    TJC Mortgage, Inc. 1 3.38% $10,880
    First Federal Bank of Kansas City 1 2.75% $7,281
    FirstBank 1 3.88% $2,398
    Fidelity Bank 1 3.13% $5,538
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 3.25% $4,135
    Truist 1 3.10% $6,048
    CORNERSTONE HOME LENDING, INC. 1 2.75% $9,078
    Commerce Home Mortgage, Inc. 1 2.88% $4,743
    City Bank 1 2.50% $5,213
    Chicago Financial Services, Inc. 1 3.25% $4,355
    BLUELEAF LENDING, LLC 1 2.75% $6,151
    BETTER MORTGAGE CORPORATION 1 3.00% $7,119
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 2.88% $8,196
    Victorian Finance, LLC 1 2.25% $7,333
    Atlantic Union Bank 1 3.25% $11,817
    OPEN MORTGAGE, LLC 1 2.75% $7,326
    PLUS RELOCATION MORTGAGE, LLC 1 3.75% $5,365
    NEW DAY FINANCIAL, LLC 1 3.38% $11,161
    Amerifirst Financial, Inc. 1 3.25% $7,101
    NBKC BANK 1 3.00% $8,572

    The top St. Louis FHA lender as defined by loan originations is DAS Acquisition Company, LLC, with 1,128 FHA loans originated. Their average total fees are $6,516, which is $1,029 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee St. Louis FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($2,029), D.W. BROWN MORTGAGE CORP. ($3,131), Bank of America ($3,200), Mr. Cooper ( Nationstar Mortgage ) ($3,598) and LAKEVIEW LOAN SERVICING, LLC ($3,880).

    The lowest rate St. Louis FHA lenders (with over 10 loans originated) are HOMEBRIDGE FINANCIAL SERVICES, INC. (2.43%), SCOTT CREDIT UNION (2.54%), FCB Banks (2.55%), Midwest BankCentre (2.55%) and United Community Bank (2.67%).

    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

    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 (8.1%) $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 (5.4%) $280,394 (3.3%) 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%) $298,622 (2.5%) 0.72 7,745
    2019-04-01 $225,000 (4.7%) $305,004 (1.5%) 0.71 7,968
    2019-05-01 $231,450 (5.3%) $313,259 (2.3%) 0.72 8,264
    2019-06-01 $234,900 (6.8%) $316,897 (2.7%) 0.73 8,583
    2019-07-01 $229,450 (5.9%) $313,261 (3.3%) 0.72 8,906
    2019-08-01 $226,545 (4.9%) $309,031 (3.2%) 0.72 9,042
    2019-09-01 $222,864 (3.7%) $305,407 (2.8%) 0.71 9,149
    2019-10-01 $220,000 (3.4%) $302,247 (2.8%) 0.71 9,204
    2019-11-01 $215,000 (2.4%) $299,822 (3.7%) 0.70 8,777
    2019-12-01 $210,225 (5.1%) $289,916 (3.4%) 0.70 7,807
    2020-01-01 $209,900 (5.2%) $287,541 (4.5%) 0.70 6,923
    2020-02-01 $218,900 (4.2%) $297,908 (2.2%) 0.72 6,381
    2020-03-01 $229,700 (4.8%) $305,565 (2.3%) 0.72 6,447
    2020-04-01 $231,500 (2.9%) $305,637 (0.2%) 0.72 6,478
    2020-05-01 $247,595 (7.0%) $320,691 (2.4%) 0.75 6,335
    2020-06-01 $249,900 (6.4%) $333,648 (5.3%) 0.74 6,031
    2020-07-01 $249,950 (8.9%) $336,577 (7.4%) 0.72 5,778
    2020-08-01 $249,900 (10.3%) $337,934 (9.4%) 0.72 5,636
    2020-09-01 $249,900 (12.1%) $339,133 (11.0%) 0.72 5,572
    2020-10-01 $243,000 (10.5%) $334,097 (10.5%) 0.70 5,674
    2020-11-01 $235,700 (9.6%) $328,219 (9.5%) 0.69 5,311
    2020-12-01 $230,150 (9.5%) $323,217 (11.5%) 0.68 4,768
    2021-01-01 $239,900 (14.3%) $336,770 (17.1%) 0.72 4,031
    2021-02-01 $249,900 (14.2%) $342,657 (15.0%) 0.73 3,552
    2021-03-01 $252,250 (9.8%) $345,152 (13.0%) 0.72 3,584
    2021-04-01 $258,500 (11.7%) $355,398 (16.3%) 0.70 3,576
    2021-05-01 $254,900 (3.0%) $357,219 (11.4%) 0.67 3,485
    2021-06-01 $255,060 (2.1%) $352,216 (5.6%) 0.67 3,858
    2021-07-01 $250,000 (0.0%) $346,688 (3.0%) 0.66 4,604
    2021-08-01 $249,900 (0.0%) $341,721 (1.1%) 0.67 4,773
    2021-09-01 $249,900 (0.0%) $338,618 (-0.2%) 0.67 4,710
    2021-10-01 $240,000 (-1.2%) $337,190 (0.9%) 0.64 4,549
    2021-11-01 $236,900 (0.5%) $336,579 (2.6%) 0.63 4,154
    2021-12-01 $239,900 (4.2%) $335,333 (3.8%) 0.65 3,473
    2022-01-01 $241,900 (0.8%) $336,204 (-0.2%) 0.65 3,021
    2022-02-01 $262,400 (5.0%) $343,364 (0.2%) 0.68 2,844
    2022-03-01 $269,950 (7.0%) $346,637 (0.4%) 0.68 2,929
    2022-04-01 $269,900 (4.4%) $336,744 (-5.3%) 0.64 3,126
    2022-05-01 $274,900 (7.9%) $346,959 (-2.9%) 0.63 3,665
    2022-06-01 $279,450 (9.6%) $352,559 (0.1%) 0.62 4,116
    2022-07-01 $275,000 (10.0%) $347,339 (0.2%) 0.62 4,664
    2022-08-01 $275,950 (10.4%) $345,914 (1.2%) 0.64 4,708
    2022-09-01 $274,950 (10.0%) $345,527 (2.0%) 0.64 4,712
    2022-10-01 $275,566 (14.8%) $340,320 (0.9%) 0.65 4,825
    2022-11-01 $273,000 (15.2%) $337,717 (0.3%) 0.66 4,799
    St. Louis's median listing price for 2022-11-01 was $273,000, a difference of $36,100 (15.2%) versus the prior year and $-2,566 versus the prior month.

    St. Louis's median listing price comes in at 66% of the national average.

    St. Louis's average listing price for 2022-11-01 was $337,717, a difference of $1,138 (0.3%) versus the prior year and $-2,603 versus the prior month.

    For the 2022-11-01 period, St. Louis had 4,799 MLS listings, a difference of -26 listings (-1%) versus the prior month and 645 listings (16%) 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 87 days 1,654 sqft
    2018-02-01 82 days 1,672 sqft
    2018-03-01 59 days 1,728 sqft
    2018-04-01 57 days 1,755 sqft
    2018-05-01 57 days 1,764 sqft
    2018-06-01 54 days 1,758 sqft
    2018-07-01 57 days 1,746 sqft
    2018-08-01 58 days 1,733 sqft
    2018-09-01 63 days 1,724 sqft
    2018-10-01 66 days 1,711 sqft
    2018-11-01 69 days 1,691 sqft
    2018-12-01 80 days 1,673 sqft
    2019-01-01 92 days 1,653 sqft
    2019-02-01 89 days 1,705 sqft
    2019-03-01 71 days 1,734 sqft
    2019-04-01 54 days 1,745 sqft
    2019-05-01 54 days 1,756 sqft
    2019-06-01 57 days 1,764 sqft
    2019-07-01 59 days 1,753 sqft
    2019-08-01 60 days 1,744 sqft
    2019-09-01 62 days 1,735 sqft
    2019-10-01 65 days 1,728 sqft
    2019-11-01 79 days 1,700 sqft
    2019-12-01 92 days 1,678 sqft
    2020-01-01 99 days 1,653 sqft
    2020-02-01 99 days 1,682 sqft
    2020-03-01 63 days 1,738 sqft
    2020-04-01 65 days 1,761 sqft
    2020-05-01 67 days 1,804 sqft
    2020-06-01 70 days 1,841 sqft
    2020-07-01 63 days 1,844 sqft
    2020-08-01 60 days 1,810 sqft
    2020-09-01 73 days 1,810 sqft
    2020-10-01 72 days 1,771 sqft
    2020-11-01 78 days 1,746 sqft
    2020-12-01 83 days 1,712 sqft
    2021-01-01 75 days 1,724 sqft
    2021-02-01 71 days 1,714 sqft
    2021-03-01 57 days 1,728 sqft
    2021-04-01 49 days 1,731 sqft
    2021-05-01 43 days 1,700 sqft
    2021-06-01 40 days 1,705 sqft
    2021-07-01 38 days 1,708 sqft
    2021-08-01 39 days 1,688 sqft
    2021-09-01 43 days 1,672 sqft
    2021-10-01 45 days 1,639 sqft
    2021-11-01 47 days 1,609 sqft
    2021-12-01 55 days 1,603 sqft
    2022-01-01 60 days 1,600 sqft
    2022-02-01 52 days 1,619 sqft
    2022-03-01 40 days 1,656 sqft
    2022-04-01 36 days 1,652 sqft
    2022-05-01 33 days 1,667 sqft
    2022-06-01 35 days 1,694 sqft
    2022-07-01 37 days 1,680 sqft
    2022-08-01 41 days 1,678 sqft
    2022-09-01 45 days 1,680 sqft
    2022-10-01 44 days 1,680 sqft
    2022-11-01 44 days 1,677 sqft
    St. Louis's median listing age (time on market) for 2022-11-01 was 44 days. This is -5% shorter than the same period one year ago.

    St. Louis's median square footage for active listings during the 2022-11-01 period was 1,677 sqft. One year prior, the average listing was 1,609 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).