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 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 -0.39% for the week of 2023-06-02, 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 (2023-05-26) was 6.24% and one month ago for the week of 2023-04-28, the average rate was 5.99%.

The average rate one year ago was 4.85%.

For refis of the same type during the week of 2023-06-02, the average rate was -1.3%.

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 Bank 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, Inc. 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
St. Louis's median listing price for 2023-05-01 was $281,650, a difference of $6,250 (2.3%) versus the prior year and $-3,250 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 2023-05-01 was $358,201, a difference of $10,850 (3.1%) versus the prior year and $2,894 versus the prior month.

For the 2023-05-01 period, St. Louis had 3,752 MLS listings, a difference of 171 listings (5%) versus the prior month and 102 listings (3%) 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
St. Louis's median listing age (time on market) for 2023-05-01 was 37 days. This is 22% longer than the same period one year ago.

St. Louis's median square footage for active listings during the 2023-05-01 period was 1,687 sqft. One year prior, the average listing was 1,667 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).