Warrensburg FHA Loan Rates, Closing Costs & Stats

Warrensburg, MO

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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.

    Warrensburg's 45 lenders originated 153 FHA loans during 2024. The total origination value was $36,805,000, with an average FHA loan value of $240,556.

    Warrensburg FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Warrensburg averaged 6.37% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Warrensburg's average FHA mortgage closing costs are $6,697.

    The average rate for the prior week (2025-03-28) was 6.37% and one month ago for the week of 2025-02-28, the average rate was 6.65%.

    The average rate one year ago was 6.67%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.63%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Midwest Mortgage Associates Corporation 23 6.50% $5,943
    FLAT BRANCH MORTGAGE, INC. 15 6.73% $7,528
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 10 6.79% $7,878
    FREEDOM MORTGAGE CORPORATION 9 6.58% $9,912
    QUICKEN LOANS, LLC 8 6.63% $9,999
    Mortgage Investment Services Corporation 6 6.58% $6,591
    COMMUNITY MORTGAGE, LLC 5 6.53% $7,549
    UNITED WHOLESALE MORTGAGE, LLC 5 6.00% $12,564
    The Central Trust Bank 4 6.78% $7,226
    Prosperity Home Mortgage, LLC 3 6.92% $8,715
    PENNYMAC LOAN SERVICES, LLC 3 6.50% $8,312
    MEGASTAR FINANCIAL CORP. 3 6.17% $12,317
    First Bank 3 6.13% $8,471
    VILLAGE CAPITAL MORTGAGE 3 6.29% $5,153
    Waterstone Mortgage Corporation 2 6.13% $10,162
    AMERICAN FINANCIAL RESOURCES, INC. 2 6.44% $7,927
    CARDINAL FINANCIAL 2 6.44% $8,731
    GERSHMAN INVESTMENT CORP. 2 6.94% $8,035
    JLB CORPORATION 2 5.87% $9,977
    LEADERONE FINANCIAL CORPORATION 2 6.88% $10,972
    LOANDEPOT.COM, LLC 2 6.81% $4,721
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.88% $8,256
    SUMMIT FUNDING, INC. 2 6.63% $11,531
    TOP FLITE FINANCIAL, INC. 1 6.75% $19,297
    LAKEVIEW LOAN SERVICING, LLC 1 6.25% $9,752
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.75% $4,974
    U.S. Bank 1 6.63% $6,895
    FIRST INTEGRITY MORTGAGE SERVICES, INC. 1 7.13% $9,021
    Members Mortgage Services, L.L.C. 1 6.25% $4,825
    First Federal Bank 1 6.75% $5,976
    FIRST COMMUNITY MORTGAGE, INC. 1 7.13% $9,142
    Mortgage Research Center, LLC 1 6.75% $4,058
    North American Savings Bank, F.S.B. 1 6.13% $7,601
    Equity Prime Mortgage LLC 1 7.50% $18,326
    American Mortgage & Equity Consultants, Inc. 1 6.25% $13,092
    CROSSCOUNTRY MORTGAGE, LLC 1 6.50% $9,599
    COMMUNITYAMERICA 1 6.50% $6,267
    RUOFF MORTGAGE COMPANY, INC. 1 6.50% $7,603
    AMERICAN FINANCIAL NETWORK, INC. 1 5.25% $12,611
    Flagstar Bank, FSB 1 6.13% $7,053
    Gateway First Bank 1 6.75% $8,207
    GENEVA FINANCIAL, LLC 1 7.75% $8,512
    Arvest Bank 1 6.00% $12,526
    GUILD MORTGAGE COMPANY 1 6.13% $6,852
    Hawthorn Bank 1 6.25% $4,928

    The top Warrensburg FHA lender as defined by loan originations is Midwest Mortgage Associates Corporation, with 23 FHA loans originated. Their average total fees are $5,943, which is $1,586 lower than the next largest lender, FLAT BRANCH MORTGAGE, INC..

    The lowest fee Warrensburg FHA lenders (with over 10 loans originated) are Midwest Mortgage Associates Corporation ($5,943), FLAT BRANCH MORTGAGE, INC. ($7,528), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($7,878), .

    The lowest rate Warrensburg FHA lenders (with over 10 loans originated) are Midwest Mortgage Associates Corporation (6.50%), FLAT BRANCH MORTGAGE, INC. (6.73%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.79%), .

    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 $159,400 (5.8%) $216,418 (12.6%) 0.00 155
    2018-02-01 $174,950 (16.6%) $221,924 (13.7%) 0.00 160
    2018-03-01 $174,950 (11.2%) $220,229 (8.5%) 0.00 167
    2018-04-01 $179,050 (8.7%) $224,994 (9.6%) 0.00 170
    2018-05-01 $184,900 (4.2%) $228,736 (10.8%) 0.00 176
    2018-06-01 $187,450 (7.4%) $236,834 (14.0%) 0.00 192
    2018-07-01 $192,500 (10.0%) $247,536 (16.4%) 0.00 198
    2018-08-01 $191,250 (14.2%) $248,665 (15.7%) 0.00 187
    2018-09-01 $197,400 (19.6%) $249,702 (17.4%) 0.00 186
    2018-10-01 $194,450 (21.5%) $237,080 (12.8%) 0.00 170
    2018-11-01 $184,900 (22.8%) $224,865 (8.8%) 0.00 158
    2018-12-01 $183,700 (16.9%) $219,372 (5.8%) 0.00 143
    2019-01-01 $181,575 (13.9%) $226,539 (4.7%) 0.00 131
    2019-02-01 $178,888 (2.3%) $227,328 (2.4%) 0.00 134
    2019-03-01 $181,893 (4.0%) $230,105 (4.5%) 0.00 146
    2019-04-01 $186,700 (4.3%) $237,587 (5.6%) 0.00 151
    2019-05-01 $194,200 (5.0%) $246,484 (7.8%) 0.00 160
    2019-06-01 $204,950 (9.3%) $256,558 (8.3%) 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 (-7.3%) $231,049 (-7.5%) 0.00 181
    2019-10-01 $185,000 (-4.9%) $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 (-2.3%) $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 $218,725 (17.0%) $303,603 (27.8%) 0.00 53
    2021-03-01 $204,875 (-4.5%) $268,914 (8.6%) 0.00 47
    2021-04-01 $236,250 (-4.4%) $282,395 (9.4%) 0.00 46
    2021-05-01 $239,950 (-6.6%) $285,448 (4.7%) 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 $260,950 (19.3%) $342,569 (12.8%) 0.00 49
    2022-03-01 $238,500 (16.4%) $298,887 (11.2%) 0.00 57
    2022-04-01 $249,900 (5.8%) $335,297 (18.7%) 0.00 69
    2022-05-01 $257,475 (7.3%) $349,128 (22.3%) 0.00 82
    2022-06-01 $250,000 (2.6%) $300,337 (-0.9%) 0.00 99
    2022-07-01 $249,450 (10.9%) $294,904 (8.3%) 0.00 137
    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 $259,900 (6.1%) $296,499 (-8.7%) 0.00 134
    2023-01-01 $279,675 (17.0%) $308,491 (-1.1%) 0.00 93
    2023-02-01 $280,000 (7.3%) $342,031 (-0.2%) 0.00 83
    2023-03-01 $292,475 (22.6%) $351,132 (17.5%) 0.00 80
    2023-04-01 $315,000 (26.1%) $359,716 (7.3%) 0.00 65
    2023-05-01 $305,000 (18.5%) $355,435 (1.8%) 0.00 67
    2023-06-01 $328,450 (31.4%) $396,657 (32.1%) 0.00 90
    2023-07-01 $322,450 (29.3%) $409,767 (39.0%) 0.00 99
    2023-08-01 $332,225 (27.8%) $392,414 (31.0%) 0.00 107
    2023-09-01 $332,500 (29.3%) $401,986 (37.0%) 0.00 127
    2023-10-01 $334,925 (39.6%) $390,163 (39.1%) 0.00 144
    2023-11-01 $317,425 (22.1%) $366,852 (24.2%) 0.00 153
    2023-12-01 $294,950 (13.5%) $362,224 (22.2%) 0.00 148
    2024-01-01 $322,475 (15.3%) $374,590 (21.4%) 0.00 125
    2024-02-01 $333,450 (19.1%) $394,744 (15.4%) 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 $348,775 (14.4%) $421,596 (18.6%) 0.00 123
    2024-06-01 $342,500 (4.3%) $407,498 (2.7%) 0.00 138
    2024-07-01 $330,750 (2.6%) $416,539 (1.7%) 0.00 162
    2024-08-01 $325,000 (-2.2%) $422,091 (7.6%) 0.00 168
    2024-09-01 $323,500 (-2.7%) $406,631 (1.2%) 0.00 175
    2024-10-01 $320,000 (-4.5%) $396,018 (1.5%) 0.00 182
    2024-11-01 $299,000 (-5.8%) $382,789 (4.3%) 0.00 186
    2024-12-01 $319,825 (8.4%) $384,010 (6.0%) 0.00 157
    2025-01-01 $288,250 (-10.6%) $378,097 (0.9%) 0.00 150
    2025-02-01 $303,475 (-9.0%) $398,497 (1.0%) 0.00 139
    2025-03-01 $318,950 (-4.1%) $354,538 (-11.0%) 0.00 140
    Warrensburg's median listing price for 2025-03-01 was $318,950, a difference of $-13,450 (-4.1%) versus the prior year and $15,475 versus the prior month.

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

    Warrensburg's average listing price for 2025-03-01 was $354,538, a difference of $-43,693 (-11.0%) versus the prior year and $-43,959 versus the prior month.

    For the 2025-03-01 period, Warrensburg had 140 MLS listings, a difference of 1 listings (1%) versus the prior month and 10 listings (8%) 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 1,738 sqft
    2018-02-01 0 days 1,829 sqft
    2018-03-01 0 days 1,891 sqft
    2018-04-01 0 days 1,807 sqft
    2018-05-01 0 days 1,792 sqft
    2018-06-01 0 days 1,854 sqft
    2018-07-01 0 days 1,900 sqft
    2018-08-01 0 days 1,963 sqft
    2018-09-01 0 days 2,011 sqft
    2018-10-01 0 days 2,015 sqft
    2018-11-01 0 days 1,902 sqft
    2018-12-01 0 days 1,825 sqft
    2019-01-01 0 days 1,784 sqft
    2019-02-01 0 days 1,831 sqft
    2019-03-01 0 days 1,852 sqft
    2019-04-01 0 days 1,870 sqft
    2019-05-01 0 days 1,884 sqft
    2019-06-01 0 days 1,996 sqft
    2019-07-01 0 days 1,928 sqft
    2019-08-01 0 days 1,886 sqft
    2019-09-01 0 days 1,925 sqft
    2019-10-01 0 days 1,952 sqft
    2019-11-01 0 days 1,933 sqft
    2019-12-01 0 days 1,912 sqft
    2020-01-01 0 days 1,890 sqft
    2020-02-01 0 days 1,854 sqft
    2020-03-01 0 days 1,885 sqft
    2020-04-01 0 days 1,995 sqft
    2020-05-01 0 days 2,065 sqft
    2020-06-01 0 days 2,102 sqft
    2020-07-01 0 days 2,084 sqft
    2020-08-01 0 days 2,100 sqft
    2020-09-01 0 days 2,033 sqft
    2020-10-01 0 days 1,956 sqft
    2020-11-01 0 days 2,054 sqft
    2020-12-01 0 days 2,014 sqft
    2021-01-01 0 days 1,912 sqft
    2021-02-01 0 days 1,788 sqft
    2021-03-01 0 days 1,827 sqft
    2021-04-01 0 days 1,796 sqft
    2021-05-01 0 days 1,776 sqft
    2021-06-01 0 days 1,802 sqft
    2021-07-01 0 days 1,779 sqft
    2021-08-01 0 days 1,704 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 1,981 sqft
    2022-03-01 0 days 1,756 sqft
    2022-04-01 0 days 1,905 sqft
    2022-05-01 0 days 1,853 sqft
    2022-06-01 0 days 1,818 sqft
    2022-07-01 0 days 1,836 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 2,075 sqft
    2023-06-01 0 days 2,108 sqft
    2023-07-01 0 days 2,016 sqft
    2023-08-01 0 days 2,027 sqft
    2023-09-01 0 days 1,900 sqft
    2023-10-01 0 days 1,937 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 1,957 sqft
    2024-06-01 0 days 1,950 sqft
    2024-07-01 0 days 1,958 sqft
    2024-08-01 0 days 1,956 sqft
    2024-09-01 0 days 1,973 sqft
    2024-10-01 0 days 1,934 sqft
    2024-11-01 0 days 1,810 sqft
    2024-12-01 0 days 1,778 sqft
    2025-01-01 0 days 1,764 sqft
    2025-02-01 0 days 1,750 sqft
    2025-03-01 0 days 1,779 sqft
    Warrensburg's median listing age (time on market) for 2025-03-01 was 0 days.

    Warrensburg's median square footage for active listings during the 2025-03-01 period was 1,779 sqft. One year prior, the average listing was 1,899 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).