St. Louis FHA Loan Rates, Closing Costs & Stats

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 175 lenders originated 6,813 FHA loans during 2023. The total origination value was $1,435,385,000, with an average FHA loan value of $210,683.

St. Louis FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in St. Louis averaged 7.08% for the week of 2024-05-10, compared to the national average (all FHA variants) of 6.786% for the same period.

St. Louis's average FHA mortgage closing costs are $6,264.

The average rate for the prior week (2024-05-03) was 7.17% and one month ago for the week of 2024-04-05, the average rate was 6.86%.

The average rate one year ago was 6.57%.

For refis of the same type during the week of 2024-05-10, the average rate was 6.85%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
GUILD MORTGAGE COMPANY 698 6.65% $8,579
QUICKEN LOANS, LLC 556 6.32% $9,488
DAS Acquisition Company, LLC 428 7.00% $9,146
BROKER SOLUTIONS, INC. 368 6.88% $8,940
UNITED WHOLESALE MORTGAGE, LLC 352 6.60% $8,947
FLAT BRANCH MORTGAGE, INC. 286 6.78% $8,114
JLB CORPORATION 213 6.54% $9,403
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 210 6.76% $7,189
ENDEAVOR CAPITAL, LLC. 193 6.64% $8,263
GERSHMAN INVESTMENT CORP. 190 6.94% $8,226
DELMAR FINANCIAL COMPANY 154 6.75% $7,926
LEADERONE FINANCIAL CORPORATION 129 6.91% $10,669
NEWREZ LLC 110 6.68% $8,909
LOANDEPOT.COM, LLC 101 6.57% $10,203
PENNYMAC LOAN SERVICES, LLC 99 6.43% $9,424
Carrollton Bank 91 6.42% $6,664
GUARANTEED RATE, INC. 88 6.87% $8,537
CARDINAL FINANCIAL 86 6.52% $9,100
Mr. Cooper ( Nationstar Mortgage ) 83 6.15% $12,708
Stifel Bank and Trust 82 6.52% $6,837
FAMILY FINANCE MORTGAGE, LLC 78 6.88% $8,921
FREEDOM MORTGAGE CORPORATION 76 6.98% $11,520
FIRST INTEGRITY MORTGAGE SERVICES, INC. 68 6.60% $5,989
Regions Bank 64 6.50% $7,528
AMERISAVE MORTGAGE CORPORATION 59 6.25% $11,710
GUARANTEED RATE AFFINITY, LLC 54 6.70% $11,202
CROSSCOUNTRY MORTGAGE, LLC 52 6.95% $8,954
Midwest BankCentre 52 6.25% $6,119
First State Bank of St. Charles, Missouri 51 6.63% $8,452
The Central Trust Bank 49 6.69% $7,706
Carrington Mortgage Services, LLC 46 6.22% $10,566
GENEVA FINANCIAL, LLC 45 6.74% $12,361
U.S. Bank 44 6.58% $6,748
MUTUAL OF OMAHA MORTGAGE, INC. 43 6.76% $12,798
Mortgage Research Center, LLC 41 6.91% $6,551
First Bank 39 6.61% $7,926
Flagstar Bank, FSB 37 6.68% $8,597
FCB Banks 35 6.51% $5,275
Paramount Residential Mortgage Group, Inc. 34 6.97% $10,054
Nations Lending Corporation 31 6.89% $8,187
LAKEVIEW LOAN SERVICING, LLC 30 6.18% $10,247
FRONTIER FINANCIAL, INC. 30 6.94% $7,683
AMERICAN FINANCIAL NETWORK, INC. 28 6.95% $11,534
Plains Commerce Bank 27 6.69% $8,312
PLANET HOME LENDING, LLC 27 6.28% $11,040
ARK-LA-TEX FINANCIAL SERVICES, LLC. 23 6.74% $7,234
SCOTT CREDIT UNION 22 6.29% $5,365
CMG MORTGAGE, INC. 20 7.00% $11,091
Paramount Bank 19 7.01% $7,728
NP, Inc. 18 6.76% $6,999
ACCESS CAPITAL FUNDING, L.L.C. 18 6.76% $8,033
Equity Prime Mortgage LLC 15 6.79% $10,012
HOMESTAR FINANCIAL CORPORATION 15 7.08% $6,516
VILLAGE CAPITAL MORTGAGE 15 5.99% $8,335
VICTORY MORTGAGE, L.L.C. 15 6.49% $9,977
Prosperity Home Mortgage, LLC 14 6.38% $8,067
TOP FLITE FINANCIAL, INC. 13 7.08% $11,428
ROYAL UNITED MORTGAGE LLC 13 6.88% $10,190
JPMorgan Chase Bank 13 6.54% $5,914
PRIMARY RESIDENTIAL MORTGAGE, INC. 13 7.06% $9,829
SUN WEST MORTGAGE COMPANY, INC. 12 6.39% $12,525
AMERICAN PACIFIC MORTGAGE CORPORATION 12 6.67% $10,744
BancorpSouth 12 6.65% $6,837
Bank of America 12 6.74% $6,015
TOWNE MORTGAGE COMPANY 12 6.28% $11,094
TruHome Solutions, LLC 11 6.66% $9,272
ZILLOW HOME LOANS, LLC 11 6.66% $8,918
AMCAP MORTGAGE, LTD. 11 6.98% $10,587
PHH Mortgage Corporation 11 6.68% $9,336
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 10 6.51% $8,017
United Community Bank 10 6.96% $5,094
EVERETT FINANCIAL, INC. 10 6.90% $9,243
PNC Bank 10 6.74% $6,060
Busey Bank 10 6.51% $6,056
PRIMELENDING, A PLAINSCAPITAL COMPANY 9 6.72% $8,717
Cornerstone First Mortgage, Inc 9 7.24% $11,085
PLAZA HOME MORTGAGE, INC. 9 7.11% $10,663
Simmons Bank 9 6.42% $6,567
Commerce Bank 9 6.78% $7,303
AMERICAN FINANCING CORPORATION 9 6.40% $10,790
MORTGAGE SOLUTIONS OF COLORADO, LLC 8 6.70% $12,745
AMERICAN PORTFOLIO MORTGAGE CORPORATION 8 6.25% $7,221
Hawthorn Bank 8 5.83% $8,162
HOMEBRIDGE FINANCIAL SERVICES, INC. 8 6.34% $12,762
Bank of Springfield 8 6.53% $8,643
Barrington Bank & Trust Company, N.A. 8 6.76% $7,767
Neighborhood Loans, Inc. 8 6.59% $10,749
LOANPAL, LLC 8 5.83% $12,047
The Federal Savings Bank 7 6.57% $10,350
CIBC Bank USA 7 6.04% $6,826
COMMUNITY MORTGAGE, LLC 7 6.43% $9,738
Bell Bank 7 7.00% $7,601
ON Q FINANCIAL, INC. 7 7.14% $9,043
MICHIGAN MUTUAL, INC. 7 6.45% $9,522
Heartland Bank and Trust Company 7 6.38% $5,441
T2 FINANCIAL LLC 7 6.95% $9,514
Associated Bank 6 6.69% $4,524
Wells Fargo Bank 6 6.29% $10,410
MOVEMENT MORTGAGE, LLC 6 7.29% $6,727
M&T Bank 6 6.54% $8,584
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 5 6.58% $5,806
Midland States Bank 5 6.98% $7,188
BAY EQUITY LLC 5 6.43% $11,952
United Fidelity Funding Corp. 5 7.17% $11,318
FIRST MORTGAGE COMPANY, INC. 4 6.97% $10,654
GMFS LLC 4 6.97% $3,661
NBKC BANK 4 6.47% $7,056
PREMIA MORTGAGE, LLC 4 6.06% $9,541
Servion, Inc. 4 6.47% $6,655
UNION HOME MORTGAGE CORP. 4 6.63% $9,318
AMERICAN FINANCIAL RESOURCES, INC. 4 7.09% $7,678
ENVOY MORTGAGE, LTD 3 5.96% $12,289
The Huntington National Bank 3 6.04% $6,678
VERITAS FUNDING, LLC 3 6.54% $17,283
AmeriHome Mortgage Company, LLC 3 7.13% $7,321
HOMESIDE FINANCIAL, LLC 3 5.83% $15,298
American Mortgage & Equity Consultants, Inc. 3 6.79% $11,384
Ixonia Bank 3 6.83% $8,537
MID AMERICA MORTGAGE, INC. 3 7.71% $4,379
Enterprise Bank & Trust 3 6.75% $8,290
DRAPER AND KRAMER MORTGAGE CORP. 2 6.31% $7,030
OCMBC, INC. 2 7.94% $7,987
Midwest Mortgage Associates Corporation 2 6.63% $9,225
NFM, INC. 2 6.69% $12,969
CHURCHILL MORTGAGE CORPORATION 2 7.00% $8,808
NORWICH COMMERCIAL GROUP, INC. 2 7.94% $8,577
Arvest Bank 2 6.13% $6,015
RUOFF MORTGAGE COMPANY, INC. 2 6.50% $6,160
UMB Bank 2 6.81% $6,935
BETTER MORTGAGE CORPORATION 2 6.56% $9,322
SECURITYNATIONAL MORTGAGE COMPANY 2 7.63% $8,597
Fifth Third Bank 2 6.44% $6,940
FIRST COMMUNITY MORTGAGE, INC. 2 6.06% $8,036
HALLMARK HOME MORTGAGE, LLC 1 7.75% $12,402
Bank of England 1 6.25% $9,174
AXIA FINANCIAL, LLC 1 6.50% $14,265
RANLIFE, INC. 1 7.38% $5,101
DATA MORTGAGE, INC. 1 6.63% $7,966
ARC HOME LLC 1 6.99% $4,762
Sullivan Bank 1 6.13% $7,279
SUMMIT FUNDING, INC. 1 7.25% $14,028
GSF Mortgage Corporation 1 6.00% $7,259
GREENSTATE CREDIT UNION 1 5.75% $5,434
Great Southern Bank 1 6.13% $11,602
TIB The Independent Bankersbank 1 5.63% $6,116
Goldwater Bank, N.A. 1 7.13% $7,891
WEST COMMUNITY 1 6.63% $4,952
Evolve Bank & Trust 1 6.13% $7,231
American Mortgage Bank, LLC 1 7.63% $6,017
Financial Funding Solutions, Inc. 1 7.38% $8,562
First Savings Bank 1 6.75% $9,498
Citibank 1 6.25% $7,006
Mid-Continent Funding, Inc. 1 7.49% $7,616
Magnolia Bank 1 6.13% $14,342
Citizens Bank 1 7.63% $8,789
Central National Bank 1 6.63% $9,404
MYCUMORTGAGE, LLC 1 6.63% $4,031
CANOPY MORTGAGE, LLC 1 6.25% $7,048
NATIONWIDE MORTGAGE BANKERS, INC. 1 7.25% $17,110
FIRST ALLIANCE HOME MORTGAGE, LLC 1 7.00% $14,948
Lincoln Savings Bank 1 6.25% $10,978
NETWORK CAPITAL FUNDING CORPORATION 1 6.88% $10,619
LIBERTY HOME MORTGAGE CORPORATION 1 6.50% $17,415
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 7.13% $4,159
LAND HOME FINANCIAL SERVICES, INC. 1 6.50% $13,625
Lakeview Community Capital, LLC 1 7.75% $6,999
CONTOUR MORTGAGE CORPORATION 1 6.75% $8,396
PENTAGON FEDERAL CREDIT UNION 1 6.75% $2,597
Peoples National Bank , N.A. 1 7.00% $6,380
BANKSOUTH MORTGAGE COMPANY, LLC 1 7.38% $8,008
Independent Bank 1 7.25% $8,320
HOMESITE MORTGAGE, LLC 1 6.99% $10,935
Waterstone Mortgage Corporation 1 6.00% $11,257
PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.75% $7,702
BANK OF LITTLE ROCK MORTGAGE CORPORATION 1 6.63% $7,099

The top St. Louis FHA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 698 FHA loans originated. Their average total fees are $8,579, which is $910 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee St. Louis FHA lenders (with over 10 loans originated) are United Community Bank ($5,094), FCB Banks ($5,275), SCOTT CREDIT UNION ($5,365), JPMorgan Chase Bank ($5,914) and FIRST INTEGRITY MORTGAGE SERVICES, INC. ($5,989).

The lowest rate St. Louis FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (5.99%), Mr. Cooper ( Nationstar Mortgage ) (6.15%), LAKEVIEW LOAN SERVICING, LLC (6.18%), Carrington Mortgage Services, LLC (6.22%) and Midwest BankCentre (6.25%).

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 (11.9%) $269,607 (6.0%) 0.70 8,422
2018-02-01 $193,450 (12.2%) $277,213 (5.7%) 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 (9.7%) $297,128 (5.3%) 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%) $289,261 (3.6%) 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%) $298,617 (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%) $313,345 (3.3%) 0.72 8,892
2019-08-01 $226,545 (4.9%) $309,115 (3.3%) 0.72 9,029
2019-09-01 $222,864 (3.7%) $305,504 (2.8%) 0.71 9,135
2019-10-01 $220,000 (3.4%) $302,348 (2.8%) 0.71 9,189
2019-11-01 $215,000 (2.4%) $299,928 (3.7%) 0.70 8,762
2019-12-01 $210,225 (5.1%) $290,006 (3.4%) 0.70 7,793
2020-01-01 $209,900 (5.2%) $287,643 (4.5%) 0.70 6,908
2020-02-01 $218,950 (4.3%) $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%) $338,174 (9.4%) 0.72 5,622
2020-09-01 $249,900 (12.1%) $339,389 (11.1%) 0.72 5,558
2020-10-01 $243,800 (10.8%) $334,342 (10.6%) 0.70 5,660
2020-11-01 $235,900 (9.7%) $328,471 (9.5%) 0.69 5,297
2020-12-01 $230,238 (9.5%) $323,488 (11.6%) 0.68 4,754
2021-01-01 $239,950 (14.3%) $337,049 (17.2%) 0.72 4,017
2021-02-01 $249,900 (14.1%) $342,968 (15.1%) 0.73 3,541
2021-03-01 $252,450 (10.0%) $345,467 (13.0%) 0.72 3,573
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 (-1.6%) $337,379 (0.9%) 0.64 4,538
2021-11-01 $236,950 (0.5%) $336,788 (2.5%) 0.63 4,143
2021-12-01 $239,950 (4.2%) $335,658 (3.8%) 0.65 3,461
2022-01-01 $243,300 (1.4%) $336,432 (-0.2%) 0.66 3,008
2022-02-01 $262,450 (5.0%) $343,962 (0.3%) 0.68 2,830
2022-03-01 $270,100 (7.0%) $347,063 (0.5%) 0.68 2,915
2022-04-01 $269,900 (4.4%) $337,220 (-5.2%) 0.64 3,113
2022-05-01 $275,400 (8.0%) $347,309 (-2.9%) 0.63 3,651
2022-06-01 $279,700 (9.3%) $352,861 (0.1%) 0.62 4,102
2022-07-01 $275,000 (10.0%) $347,854 (0.3%) 0.62 4,650
2022-08-01 $276,339 (10.6%) $345,989 (1.2%) 0.64 4,694
2022-09-01 $274,950 (10.0%) $345,774 (2.1%) 0.64 4,697
2022-10-01 $275,900 (15.0%) $340,533 (0.9%) 0.65 4,810
2022-11-01 $274,200 (15.7%) $337,965 (0.4%) 0.66 4,784
2022-12-01 $269,000 (12.1%) $329,391 (-1.9%) 0.66 4,223
2023-01-01 $269,900 (10.9%) $333,777 (-0.8%) 0.67 3,782
2023-02-01 $271,750 (3.5%) $336,969 (-2.0%) 0.66 3,499
2023-03-01 $278,950 (3.3%) $343,433 (-1.1%) 0.66 3,477
2023-04-01 $284,900 (5.6%) $355,059 (5.3%) 0.66 3,580
2023-05-01 $281,650 (2.3%) $357,964 (3.1%) 0.64 3,755
2023-06-01 $289,423 (3.5%) $362,670 (2.8%) 0.65 3,975
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 (1.8%) 0.65 5,123
2023-11-01 $275,000 (0.3%) $343,496 (1.6%) 0.65 5,159
2023-12-01 $274,900 (2.2%) $335,628 (1.9%) 0.67 4,650
2024-01-01 $277,450 (2.8%) $339,364 (1.7%) 0.68 4,136
2024-02-01 $287,450 (5.8%) $352,864 (4.7%) 0.69 3,927
2024-03-01 $292,000 (4.7%) $362,286 (5.5%) 0.69 3,970
2024-04-01 $294,400 (3.3%) $376,256 (6.0%) 0.68 4,175
St. Louis's median listing price for 2024-04-01 was $294,400, a difference of $9,500 (3.3%) versus the prior year and $2,400 versus the prior month.

St. Louis's median listing price comes in at 68% of the national average.

St. Louis's average listing price for 2024-04-01 was $376,256, a difference of $21,197 (6.0%) versus the prior year and $13,970 versus the prior month.

For the 2024-04-01 period, St. Louis had 4,175 MLS listings, a difference of 205 listings (5%) versus the prior month and 595 listings (17%) 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 1,653 sqft
2018-02-01 72 days 1,670 sqft
2018-03-01 51 days 1,724 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 1,689 sqft
2018-12-01 72 days 1,673 sqft
2019-01-01 82 days 1,651 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 56 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 1,845 sqft
2020-08-01 52 days 1,811 sqft
2020-09-01 60 days 1,810 sqft
2020-10-01 60 days 1,776 sqft
2020-11-01 65 days 1,747 sqft
2020-12-01 69 days 1,713 sqft
2021-01-01 64 days 1,728 sqft
2021-02-01 57 days 1,715 sqft
2021-03-01 47 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 1,705 sqft
2021-07-01 35 days 1,708 sqft
2021-08-01 37 days 1,688 sqft
2021-09-01 40 days 1,671 sqft
2021-10-01 42 days 1,638 sqft
2021-11-01 43 days 1,609 sqft
2021-12-01 50 days 1,603 sqft
2022-01-01 53 days 1,600 sqft
2022-02-01 42 days 1,619 sqft
2022-03-01 34 days 1,655 sqft
2022-04-01 32 days 1,651 sqft
2022-05-01 30 days 1,667 sqft
2022-06-01 32 days 1,695 sqft
2022-07-01 35 days 1,680 sqft
2022-08-01 37 days 1,678 sqft
2022-09-01 42 days 1,680 sqft
2022-10-01 41 days 1,680 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 1,699 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 1,644 sqft
2023-11-01 44 days 1,636 sqft
2023-12-01 53 days 1,612 sqft
2024-01-01 59 days 1,612 sqft
2024-02-01 48 days 1,628 sqft
2024-03-01 39 days 1,630 sqft
2024-04-01 35 days 1,664 sqft
St. Louis's median listing age (time on market) for 2024-04-01 was 35 days. This is -12% shorter than the same period one year ago.

St. Louis's median square footage for active listings during the 2024-04-01 period was 1,664 sqft. One year prior, the average listing was 1,699 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).