St. Louis FHA Loans

ST. LOUIS, MO-IL

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).