St. Louis FHA Loans

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 5.48% for the week of 2022-05-20, compared to the national average (all FHA variants) of 5.352% for the same period.

    The average rate for the prior week (2022-05-13) was 5.38% and one month ago for the week of 2022-04-15, the average rate was 4.78%.

    The average rate one year ago was 3.05%.

    For refis of the same type during the week of 2022-05-20, the average rate was 5.19%.

    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 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. Total Fees
    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 & INVESTMENT LLC 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
    PRIMELENDING, A PLAINSCAPITAL COMPANY 41 3.19% $6,676
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 41 2.95% $5,613
    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
    ON Q FINANCIAL, INC. 32 3.22% $7,110
    BancorpSouth Bank 32 3.02% $5,446
    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
    Flagstar Bank, FSB 28 2.85% $4,857
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 28 3.12% $6,023
    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
    PRIMARY RESIDENTIAL MORTGAGE, INC. 21 3.55% $6,428
    Mortgage Research Center, LLC 21 3.17% $4,879
    TOP FLITE FINANCIAL, INC. 19 3.37% $10,729
    Commerce Bank 19 3.55% $4,596
    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
    NBH Bank 14 2.89% $4,206
    The Federal Savings Bank 14 2.73% $9,729
    UNION HOME MORTGAGE CORP. 14 3.11% $6,933
    SCOTT CREDIT UNION 13 2.54% $4,820
    AMERICAN FINANCING CORPORATION 13 2.96% $7,163
    Enterprise Bank & Trust 12 2.75% $5,951
    Plains Commerce Bank 12 2.98% $6,203
    Midland States Bank 12 2.92% $6,034
    Servion, Inc. 11 2.83% $5,017
    PNC Bank 11 2.81% $6,097
    AMERICAN PACIFIC MORTGAGE CORPORATION 11 3.05% $7,408
    HOMESIDE FINANCIAL, LLC 11 3.23% $6,538
    United Community Bank 11 2.67% $5,073
    United Fidelity Funding Corp. 10 2.96% $6,056
    Bank of Springfield 10 3.01% $5,144
    Barrington Bank & Trust Company, N.A. 9 3.23% $5,379
    HANCOCK MORTGAGE PARTNERS, LLC 9 3.19% $6,861
    KELLER MORTGAGE, LLC 9 2.78% $5,934
    JPMorgan Chase Bank 9 3.11% $2,267
    Nations Lending Corporation 8 3.27% $9,534
    InterContinental Capital Group, Inc 8 2.58% $6,585
    CIBC Bank USA 8 2.97% $5,073
    PLAZA HOME MORTGAGE, INC. 8 2.97% $8,812
    HOMESITE MORTGAGE, LLC 8 2.86% $7,177
    AmeriHome Mortgage Company, LLC 7 2.94% $4,287
    Lakeview Community Capital, LLC 7 3.01% $4,383
    Midwest Mortgage Associates Corporation 7 3.16% $6,954
    TOWNE MORTGAGE COMPANY 7 2.91% $7,445
    SUN WEST MORTGAGE COMPANY, INC. 7 3.37% $7,280
    ROYAL UNITED MORTGAGE LLC 7 3.00% $7,753
    PHH Mortgage Corporation 6 3.71% $5,999
    GSF Mortgage Corporation 6 2.96% $6,634
    NP, Inc. 6 3.00% $5,911
    Bell Bank 6 3.10% $6,846
    Hometown Equity Mortgage, LLC 6 2.65% $7,205
    AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 6 3.40% $8,454
    LAND HOME FINANCIAL SERVICES, INC. 6 3.02% $6,483
    EVERETT FINANCIAL, INC. 6 3.73% $4,097
    FINANCE OF AMERICA MORTGAGE LLC 5 3.23% $7,244
    Bank of England 5 3.20% $6,486
    Goldwater Bank, N.A. 5 2.63% $6,743
    First Horizon Bank 5 2.80% $6,729
    Wells Fargo Bank 5 3.30% $3,371
    Low VA Rates, LLC 5 2.65% $4,562
    DRAPER AND KRAMER MORTGAGE CORP. 4 3.13% $8,105
    Northpointe Bank 4 3.47% $6,064
    Christensen Financial, Inc. 4 3.03% $6,672
    Citizens National Bank of Greater St. Louis 4 2.63% $6,637
    TruHome Solutions, LLC 4 3.13% $7,541
    EMBRACE HOME LOANS, INC. 4 3.19% $7,012
    GMFS LLC 4 3.22% $4,256
    MICHIGAN MUTUAL, INC. 4 2.88% $6,266
    VICTORY MORTGAGE, L.L.C. 4 2.69% $6,990
    Manufacturers and Traders Trust Company 3 3.29% $6,781
    STEARNS LENDING, LLC 3 3.33% $5,554
    LOANPAL, LLC 3 3.29% $6,768
    ARC HOME LLC 3 2.67% $5,782
    Associated Bank 3 2.58% $4,703
    ZILLOW HOME LOANS, LLC 3 2.79% $8,241
    THOMPSON KANE & COMPANY, LLC 3 2.88% $4,167
    FIRST COMMUNITY MORTGAGE, INC. 3 3.13% $5,140
    North American Savings Bank, F.S.B. 3 2.71% $5,280
    FIRST CENTENNIAL MORTGAGE CORPORATION 3 2.92% $4,176
    FAY SERVICING, LLC 3 3.08% $5,115
    UMB Bank 3 3.08% $5,901
    COMMUNITYAMERICA 3 2.83% $6,239
    SOUTHWEST FUNDING, LP 3 3.96% $7,850
    MORIA DEVELOPMENT, INC. 2 3.38% $5,535
    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
    Ixonia Bank 2 3.25% $8,481
    JAMES B. NUTTER & COMPANY 2 2.88% $3,114
    Magnolia Bank 2 3.13% $7,259
    MLD MORTGAGE INC. 2 2.50% $4,828
    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 Bank 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 & INVESTMENT LLC ($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 $189,900 (11.8%) $274,355 (7.0%) 0.70 8,464
    2018-02-01 $195,450 (12.7%) $280,387 (6.1%) 0.71 8,354
    2018-03-01 $209,900 (12.1%) $294,055 (5.9%) 0.73 8,698
    2018-04-01 $216,900 (11.3%) $303,714 (6.1%) 0.73 8,817
    2018-05-01 $220,000 (7.3%) $309,457 (4.7%) 0.73 9,224
    2018-06-01 $220,000 (6.7%) $311,532 (5.4%) 0.73 9,790
    2018-07-01 $219,900 (7.3%) $306,286 (5.4%) 0.73 10,320
    2018-08-01 $219,900 (10.6%) $303,157 (6.6%) 0.73 10,554
    2018-09-01 $217,900 (9.2%) $300,257 (5.0%) 0.73 10,573
    2018-10-01 $215,000 (7.6%) $297,144 (3.3%) 0.72 10,669
    2018-11-01 $211,700 (7.3%) $292,525 (3.0%) 0.71 10,183
    2018-12-01 $204,900 (7.9%) $283,477 (2.7%) 0.70 9,134
    2019-01-01 $200,850 (5.8%) $278,701 (1.6%) 0.69 7,992
    2019-02-01 $214,950 (10.0%) $294,903 (5.2%) 0.72 7,629
    2019-03-01 $223,671 (6.6%) $302,221 (2.8%) 0.73 7,781
    2019-04-01 $229,900 (6.0%) $309,072 (1.8%) 0.72 7,971
    2019-05-01 $235,450 (7.0%) $317,102 (2.5%) 0.73 8,273
    2019-06-01 $237,000 (7.7%) $320,219 (2.8%) 0.73 8,637
    2019-07-01 $230,000 (4.6%) $317,773 (3.8%) 0.71 8,914
    2019-08-01 $227,857 (3.6%) $313,561 (3.4%) 0.72 8,930
    2019-09-01 $225,000 (3.3%) $309,940 (3.2%) 0.71 8,978
    2019-10-01 $224,900 (4.6%) $306,675 (3.2%) 0.72 9,262
    2019-11-01 $223,000 (5.3%) $306,276 (4.7%) 0.72 8,863
    2019-12-01 $216,383 (5.6%) $298,943 (5.5%) 0.72 7,861
    2020-01-01 $216,192 (7.6%) $296,817 (6.5%) 0.72 6,959
    2020-02-01 $225,000 (4.7%) $310,155 (5.2%) 0.73 6,372
    2020-03-01 $234,950 (5.0%) $312,693 (3.5%) 0.73 6,417
    2020-04-01 $239,700 (4.3%) $314,752 (1.8%) 0.75 6,482
    2020-05-01 $249,900 (6.1%) $327,532 (3.3%) 0.76 6,288
    2020-06-01 $253,950 (7.2%) $339,790 (6.1%) 0.74 6,024
    2020-07-01 $252,500 (9.8%) $343,218 (8.0%) 0.72 5,805
    2020-08-01 $255,000 (11.9%) $346,380 (10.5%) 0.73 5,668
    2020-09-01 $260,145 (15.6%) $358,072 (15.5%) 0.74 5,582
    2020-10-01 $254,900 (13.3%) $353,714 (15.3%) 0.73 5,678
    2020-11-01 $244,000 (9.4%) $345,325 (12.8%) 0.70 5,380
    2020-12-01 $237,450 (9.7%) $335,857 (12.4%) 0.70 4,783
    2021-01-01 $245,900 (13.7%) $341,509 (15.1%) 0.72 4,042
    2021-02-01 $251,900 (12.0%) $347,371 (12.0%) 0.72 3,580
    2021-03-01 $259,400 (10.4%) $350,015 (11.9%) 0.73 3,585
    2021-04-01 $262,337 (9.4%) $360,671 (14.6%) 0.70 3,590
    2021-05-01 $259,500 (3.8%) $361,171 (10.3%) 0.68 3,482
    2021-06-01 $259,900 (2.3%) $357,122 (5.1%) 0.68 3,877
    2021-07-01 $254,950 (1.0%) $353,865 (3.1%) 0.66 4,612
    2021-08-01 $250,000 (-2.0%) $347,187 (0.2%) 0.66 4,781
    2021-09-01 $250,000 (-3.9%) $343,966 (-3.9%) 0.66 4,727
    2021-10-01 $245,000 (-3.9%) $341,249 (-3.5%) 0.64 4,552
    2021-11-01 $242,450 (-0.6%) $342,242 (-0.9%) 0.64 4,172
    2021-12-01 $245,000 (3.2%) $341,859 (1.8%) 0.65 3,504
    2022-01-01 $249,000 (1.3%) $344,529 (0.9%) 0.66 3,021
    2022-02-01 $266,450 (5.8%) $350,583 (0.9%) 0.68 2,852
    2022-03-01 $274,950 (6.0%) $353,273 (0.9%) 0.68 2,949
    2022-04-01 $273,900 (4.4%) $342,727 (-5.0%) 0.64 3,126
    St. Louis's median listing price for 2022-04-01 was $273,900, a difference of $11,563 (4.4%) versus the prior year and $-1,050 versus the prior month.

    St. Louis's median listing price comes in at 64% of the national average.

    St. Louis's average listing price for 2022-04-01 was $342,727, a difference of $-17,944 (-5.0%) versus the prior year and $-10,546 versus the prior month.

    For the 2022-04-01 period, St. Louis had 3,126 MLS listings, a difference of 177 listings (6%) versus the prior month and -464 listings (-13%) 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 1,677 sqft
    2018-02-01 82 days 1,692 sqft
    2018-03-01 59 days 1,746 sqft
    2018-04-01 58 days 1,772 sqft
    2018-05-01 57 days 1,782 sqft
    2018-06-01 54 days 1,768 sqft
    2018-07-01 57 days 1,753 sqft
    2018-08-01 58 days 1,743 sqft
    2018-09-01 63 days 1,728 sqft
    2018-10-01 66 days 1,715 sqft
    2018-11-01 69 days 1,699 sqft
    2018-12-01 80 days 1,680 sqft
    2019-01-01 92 days 1,661 sqft
    2019-02-01 89 days 1,717 sqft
    2019-03-01 69 days 1,741 sqft
    2019-04-01 57 days 1,749 sqft
    2019-05-01 56 days 1,764 sqft
    2019-06-01 57 days 1,771 sqft
    2019-07-01 59 days 1,765 sqft
    2019-08-01 58 days 1,756 sqft
    2019-09-01 63 days 1,745 sqft
    2019-10-01 65 days 1,736 sqft
    2019-11-01 70 days 1,720 sqft
    2019-12-01 82 days 1,692 sqft
    2020-01-01 90 days 1,674 sqft
    2020-02-01 88 days 1,708 sqft
    2020-03-01 63 days 1,753 sqft
    2020-04-01 60 days 1,788 sqft
    2020-05-01 68 days 1,823 sqft
    2020-06-01 69 days 1,856 sqft
    2020-07-01 60 days 1,856 sqft
    2020-08-01 57 days 1,839 sqft
    2020-09-01 59 days 1,843 sqft
    2020-10-01 57 days 1,800 sqft
    2020-11-01 59 days 1,763 sqft
    2020-12-01 70 days 1,733 sqft
    2021-01-01 77 days 1,736 sqft
    2021-02-01 74 days 1,728 sqft
    2021-03-01 59 days 1,730 sqft
    2021-04-01 55 days 1,741 sqft
    2021-05-01 44 days 1,712 sqft
    2021-06-01 42 days 1,715 sqft
    2021-07-01 39 days 1,720 sqft
    2021-08-01 41 days 1,704 sqft
    2021-09-01 46 days 1,684 sqft
    2021-10-01 49 days 1,646 sqft
    2021-11-01 50 days 1,618 sqft
    2021-12-01 58 days 1,612 sqft
    2022-01-01 63 days 1,600 sqft
    2022-02-01 59 days 1,626 sqft
    2022-03-01 45 days 1,663 sqft
    2022-04-01 40 days 1,665 sqft
    St. Louis's median listing age (time on market) for 2022-04-01 was 40 days. This is -27% shorter than the same period one year ago.

    St. Louis's median square footage for active listings during the 2022-04-01 period was 1,665 sqft. One year prior, the average listing was 1,741 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).