Warrensburg FHA Loan Rates, Closing Costs & Stats

Warrensburg, MO

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.

Warrensburg's 40 lenders originated 128 FHA loans during 2023. The total origination value was $26,820,000, with an average FHA loan value of $209,531.

Warrensburg FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Warrensburg averaged 6.6% for the week of 2024-06-07, compared to the national average (all FHA variants) of 6.692% for the same period.

Warrensburg's average FHA mortgage closing costs are $6,391.

The average rate for the prior week (2024-05-31) was 6.99% and one month ago for the week of 2024-05-03, the average rate was 6.89%.

The average rate one year ago was 6.75%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.59%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Warrensburg 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 Warrensburg level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
FLAT BRANCH MORTGAGE, INC. 17 6.84% $7,127
QUICKEN LOANS, LLC 14 6.52% $8,969
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 6.94% $6,902
Midwest Mortgage Associates Corporation 10 6.92% $5,966
SUMMIT FUNDING, INC. 6 6.96% $9,722
COMMUNITY MORTGAGE, LLC 5 6.55% $7,553
LEADERONE FINANCIAL CORPORATION 5 6.27% $6,597
GENEVA FINANCIAL, LLC 4 6.66% $10,627
Prosperity Home Mortgage, LLC 4 6.66% $9,305
The Central Trust Bank 4 7.16% $6,992
ENDEAVOR CAPITAL, LLC. 4 6.94% $13,119
AMERICAN FINANCIAL NETWORK, INC. 3 6.54% $10,893
ZILLOW HOME LOANS, LLC 2 5.88% $11,256
BNC National Bank 2 6.25% $6,583
CROSSCOUNTRY MORTGAGE, LLC 2 6.50% $9,149
FREEDOM MORTGAGE CORPORATION 2 6.50% $16,220
LOANDEPOT.COM, LLC 2 7.25% $10,073
PENNYMAC LOAN SERVICES, LLC 2 5.75% $10,291
VILLAGE CAPITAL MORTGAGE 2 6.50% $9,985
LOANPAL, LLC 1 5.99% $11,845
CHURCHILL MORTGAGE CORPORATION 1 6.25% $8,903
Mortgage Investment Services Corporation 1 6.25% $11,024
MOVEMENT MORTGAGE, LLC 1 7.75% $8,384
Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $16,992
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $15,407
NBKC BANK 1 7.50% $5,391
Neighborhood Loans, Inc. 1 6.38% $8,428
NEWREZ LLC 1 7.25% $11,201
NFM, INC. 1 7.13% $8,531
OPEN MORTGAGE, LLC 1 6.25% $8,358
ACADEMY MORTGAGE CORPORATION 1 6.25% $6,497
Carrington Mortgage Services, LLC 1 6.63% $7,112
CARDINAL FINANCIAL 1 4.88% $13,757
ROYAL UNITED MORTGAGE LLC 1 7.75% $6,249
BROKER SOLUTIONS, INC. 1 6.60% $5,541
Bank of England 1 6.25% $8,821
UMB Bank 1 6.63% $5,264
Gateway First Bank 1 7.25% $6,470
LENOX FINANCIAL MORTGAGE CORPORATION 1 7.00% $5,842
UNITED WHOLESALE MORTGAGE, LLC 1 5.48% $9,674

The top Warrensburg FHA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 17 FHA loans originated. Their average total fees are $7,127, which is $1,841 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Warrensburg FHA lenders (with over 10 loans originated) are Midwest Mortgage Associates Corporation ($5,966), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($6,902), FLAT BRANCH MORTGAGE, INC. ($7,127), QUICKEN LOANS, LLC ($8,969) and .

The lowest rate Warrensburg FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.52%), FLAT BRANCH MORTGAGE, INC. (6.84%), Midwest Mortgage Associates Corporation (6.92%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.94%) and .

Warrensburg FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
WARRENSBURG, MO JOHNSON 2022 $420,680 $538,650 $651,050 $809,150
WARRENSBURG, MO JOHNSON 2023 $472,030 $604,400 $730,525 $907,900

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Warrensburg (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 $159,200 (5.7%) $214,881 (11.8%) 0.00 154
2018-02-01 $174,925 (16.6%) $220,554 (13.0%) 0.00 159
2018-03-01 $174,900 (11.8%) $218,945 (9.6%) 0.00 166
2018-04-01 $178,275 (8.4%) $223,796 (10.2%) 0.00 169
2018-05-01 $184,900 (4.2%) $227,850 (10.4%) 0.00 175
2018-06-01 $187,450 (7.4%) $236,092 (14.9%) 0.00 192
2018-07-01 $192,500 (10.0%) $247,536 (18.1%) 0.00 198
2018-08-01 $191,250 (15.0%) $248,698 (16.6%) 0.00 188
2018-09-01 $198,200 (22.0%) $249,763 (18.3%) 0.00 187
2018-10-01 $194,675 (21.7%) $237,096 (13.6%) 0.00 171
2018-11-01 $184,900 (23.3%) $224,866 (9.6%) 0.00 159
2018-12-01 $183,900 (17.2%) $219,372 (6.5%) 0.00 143
2019-01-01 $181,575 (14.1%) $226,539 (5.4%) 0.00 131
2019-02-01 $178,888 (2.3%) $227,328 (3.1%) 0.00 134
2019-03-01 $181,893 (4.0%) $230,105 (5.1%) 0.00 146
2019-04-01 $186,700 (4.7%) $237,587 (6.2%) 0.00 151
2019-05-01 $194,200 (5.0%) $246,484 (8.2%) 0.00 160
2019-06-01 $204,950 (9.3%) $256,558 (8.7%) 0.00 165
2019-07-01 $184,200 (-4.3%) $238,120 (-3.8%) 0.00 179
2019-08-01 $180,273 (-5.7%) $232,298 (-6.6%) 0.00 180
2019-09-01 $182,932 (-7.7%) $231,049 (-7.5%) 0.00 181
2019-10-01 $185,000 (-5.0%) $230,215 (-2.9%) 0.00 182
2019-11-01 $180,000 (-2.7%) $224,094 (-0.3%) 0.00 163
2019-12-01 $179,450 (-2.4%) $224,740 (2.5%) 0.00 142
2020-01-01 $177,975 (-2.0%) $223,372 (-1.4%) 0.00 129
2020-02-01 $187,000 (4.5%) $237,499 (4.5%) 0.00 110
2020-03-01 $214,500 (17.9%) $247,669 (7.6%) 0.00 117
2020-04-01 $247,238 (32.4%) $258,219 (8.7%) 0.00 118
2020-05-01 $256,950 (32.3%) $272,644 (10.6%) 0.00 105
2020-06-01 $243,700 (18.9%) $267,825 (4.4%) 0.00 100
2020-07-01 $236,075 (28.2%) $269,057 (13.0%) 0.00 103
2020-08-01 $249,900 (38.6%) $283,420 (22.0%) 0.00 89
2020-09-01 $253,700 (38.7%) $281,020 (21.6%) 0.00 95
2020-10-01 $219,900 (18.9%) $278,704 (21.1%) 0.00 92
2020-11-01 $222,450 (23.6%) $284,764 (27.1%) 0.00 89
2020-12-01 $226,125 (26.0%) $295,801 (31.6%) 0.00 73
2021-01-01 $237,500 (33.5%) $312,772 (40.0%) 0.00 72
2021-02-01 $214,950 (15.0%) $303,994 (28.0%) 0.00 52
2021-03-01 $203,625 (-5.1%) $268,895 (8.6%) 0.00 47
2021-04-01 $234,375 (-5.2%) $282,455 (9.4%) 0.00 45
2021-05-01 $239,950 (-6.6%) $284,171 (4.2%) 0.00 44
2021-06-01 $243,750 (0.0%) $303,175 (13.2%) 0.00 66
2021-07-01 $224,900 (-4.7%) $272,282 (1.2%) 0.00 83
2021-08-01 $213,125 (-14.7%) $263,575 (-7.0%) 0.00 96
2021-09-01 $230,950 (-9.0%) $284,601 (1.3%) 0.00 89
2021-10-01 $244,900 (11.4%) $319,010 (14.5%) 0.00 81
2021-11-01 $248,000 (11.5%) $324,385 (13.9%) 0.00 85
2021-12-01 $245,000 (8.4%) $324,839 (9.8%) 0.00 69
2022-01-01 $239,000 (0.6%) $311,975 (-0.3%) 0.00 50
2022-02-01 $257,975 (20.0%) $342,882 (12.8%) 0.00 48
2022-03-01 $236,750 (16.3%) $298,505 (11.0%) 0.00 56
2022-04-01 $249,450 (6.4%) $335,406 (18.8%) 0.00 68
2022-05-01 $256,175 (6.8%) $349,367 (22.9%) 0.00 81
2022-06-01 $249,750 (2.5%) $300,141 (-1.0%) 0.00 98
2022-07-01 $249,000 (10.7%) $294,699 (8.2%) 0.00 136
2022-08-01 $259,900 (22.0%) $299,634 (13.7%) 0.00 143
2022-09-01 $257,250 (11.4%) $293,483 (3.1%) 0.00 143
2022-10-01 $240,000 (-2.0%) $280,458 (-12.1%) 0.00 150
2022-11-01 $259,900 (4.8%) $295,325 (-9.0%) 0.00 134
2022-12-01 $259,050 (5.7%) $296,316 (-8.8%) 0.00 134
2023-01-01 $279,675 (17.0%) $307,945 (-1.3%) 0.00 93
2023-02-01 $280,000 (8.5%) $341,535 (-0.4%) 0.00 83
2023-03-01 $292,475 (23.5%) $351,132 (17.6%) 0.00 80
2023-04-01 $315,000 (26.3%) $359,716 (7.3%) 0.00 65
2023-05-01 $299,175 (16.8%) $353,134 (1.1%) 0.00 66
2023-06-01 $329,450 (31.9%) $396,267 (32.0%) 0.00 91
2023-07-01 $325,000 (30.5%) $409,249 (38.9%) 0.00 100
2023-08-01 $332,225 (27.8%) $392,095 (30.9%) 0.00 107
2023-09-01 $335,000 (30.2%) $401,949 (37.0%) 0.00 128
2023-10-01 $332,450 (38.5%) $388,927 (38.7%) 0.00 143
2023-11-01 $317,425 (22.1%) $366,852 (24.2%) 0.00 153
2023-12-01 $294,950 (13.9%) $362,224 (22.2%) 0.00 148
2024-01-01 $322,475 (15.3%) $374,590 (21.6%) 0.00 125
2024-02-01 $333,450 (19.1%) $394,744 (15.6%) 0.00 120
2024-03-01 $332,400 (13.7%) $398,231 (13.4%) 0.00 130
2024-04-01 $328,700 (4.4%) $402,946 (12.0%) 0.00 120
2024-05-01 $360,100 (20.4%) $435,820 (23.4%) 0.00 123
Warrensburg's median listing price for 2024-05-01 was $360,100, a difference of $60,925 (20.4%) versus the prior year and $31,400 versus the prior month.

Warrensburg's median listing price comes in at 0% of the national average.

Warrensburg's average listing price for 2024-05-01 was $435,820, a difference of $82,686 (23.4%) versus the prior year and $32,874 versus the prior month.

For the 2024-05-01 period, Warrensburg had 123 MLS listings, a difference of 3 listings (3%) versus the prior month and 57 listings (86%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Warrensburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,727 sqft
2018-02-01 0 days 1,778 sqft
2018-03-01 0 days 1,800 sqft
2018-04-01 0 days 1,796 sqft
2018-05-01 0 days 1,759 sqft
2018-06-01 0 days 1,800 sqft
2018-07-01 0 days 1,828 sqft
2018-08-01 0 days 1,933 sqft
2018-09-01 0 days 1,998 sqft
2018-10-01 0 days 2,001 sqft
2018-11-01 0 days 1,902 sqft
2018-12-01 0 days 1,825 sqft
2019-01-01 0 days 1,785 sqft
2019-02-01 0 days 1,831 sqft
2019-03-01 0 days 1,841 sqft
2019-04-01 0 days 1,848 sqft
2019-05-01 0 days 1,876 sqft
2019-06-01 0 days 1,996 sqft
2019-07-01 0 days 1,929 sqft
2019-08-01 0 days 1,887 sqft
2019-09-01 0 days 1,926 sqft
2019-10-01 0 days 1,952 sqft
2019-11-01 0 days 1,936 sqft
2019-12-01 0 days 1,912 sqft
2020-01-01 0 days 1,899 sqft
2020-02-01 0 days 1,854 sqft
2020-03-01 0 days 1,893 sqft
2020-04-01 0 days 1,995 sqft
2020-05-01 0 days 2,084 sqft
2020-06-01 0 days 2,110 sqft
2020-07-01 0 days 2,082 sqft
2020-08-01 0 days 2,085 sqft
2020-09-01 0 days 2,070 sqft
2020-10-01 0 days 1,957 sqft
2020-11-01 0 days 2,054 sqft
2020-12-01 0 days 2,014 sqft
2021-01-01 0 days 1,978 sqft
2021-02-01 0 days 1,788 sqft
2021-03-01 0 days 1,844 sqft
2021-04-01 0 days 1,800 sqft
2021-05-01 0 days 1,768 sqft
2021-06-01 0 days 1,802 sqft
2021-07-01 0 days 1,779 sqft
2021-08-01 0 days 1,699 sqft
2021-09-01 0 days 1,788 sqft
2021-10-01 0 days 1,860 sqft
2021-11-01 0 days 1,908 sqft
2021-12-01 0 days 1,821 sqft
2022-01-01 0 days 1,812 sqft
2022-02-01 0 days 1,984 sqft
2022-03-01 0 days 1,779 sqft
2022-04-01 0 days 1,905 sqft
2022-05-01 0 days 1,859 sqft
2022-06-01 0 days 1,823 sqft
2022-07-01 0 days 1,838 sqft
2022-08-01 0 days 1,800 sqft
2022-09-01 0 days 1,836 sqft
2022-10-01 0 days 1,783 sqft
2022-11-01 0 days 1,791 sqft
2022-12-01 0 days 1,762 sqft
2023-01-01 0 days 1,855 sqft
2023-02-01 0 days 1,971 sqft
2023-03-01 0 days 1,934 sqft
2023-04-01 0 days 1,885 sqft
2023-05-01 0 days 2,054 sqft
2023-06-01 0 days 2,101 sqft
2023-07-01 0 days 2,005 sqft
2023-08-01 0 days 2,004 sqft
2023-09-01 0 days 1,891 sqft
2023-10-01 0 days 1,932 sqft
2023-11-01 0 days 1,837 sqft
2023-12-01 0 days 1,790 sqft
2024-01-01 0 days 1,789 sqft
2024-02-01 0 days 1,881 sqft
2024-03-01 0 days 1,899 sqft
2024-04-01 0 days 1,863 sqft
2024-05-01 0 days 1,975 sqft
Warrensburg's median listing age (time on market) for 2024-05-01 was 0 days.

Warrensburg's median square footage for active listings during the 2024-05-01 period was 1,975 sqft. One year prior, the average listing was 2,054 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).