Missouri FHA Loan Rates, Closing Costs & Stats

Missouri

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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.

    Missouri FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Missouri averaged 7.04% for the week of 2024-04-19, compared to the national average (all FHA variants) of 6.855% for the same period.

    Missouri's average FHA mortgage closing costs are $6,263.

    The average rate for the prior week (2024-04-12) was 6.83% and one month ago for the week of 2024-03-15, the average rate was 6.5%.

    The average rate one year ago was 6.53%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.98%.

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

    Missouri 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 Missouri level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 1,462 6.30% $9,275
    FLAT BRANCH MORTGAGE, INC. 1,394 6.79% $7,465
    DAS Acquisition Company, LLC 938 6.94% $8,737
    GUILD MORTGAGE COMPANY 899 6.67% $8,688
    UNITED WHOLESALE MORTGAGE, LLC 654 6.55% $9,910
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 560 6.87% $7,293
    BROKER SOLUTIONS, INC. 401 6.82% $9,505
    GERSHMAN INVESTMENT CORP. 378 6.96% $7,832
    LEADERONE FINANCIAL CORPORATION 350 6.73% $9,595
    JLB CORPORATION 242 6.55% $9,465
    LOANDEPOT.COM, LLC 233 6.45% $10,448
    PENNYMAC LOAN SERVICES, LLC 223 6.43% $9,474
    PRIMELENDING, A PLAINSCAPITAL COMPANY 214 6.81% $8,863
    Mr. Cooper ( Nationstar Mortgage ) 209 6.15% $12,563
    FREEDOM MORTGAGE CORPORATION 208 6.97% $11,253
    The Central Trust Bank 204 6.65% $7,216
    COMMUNITY MORTGAGE, LLC 187 6.58% $7,857
    NEWREZ LLC 186 6.64% $8,848
    CARDINAL FINANCIAL 182 6.44% $9,069
    ENDEAVOR CAPITAL, LLC. 173 6.61% $9,555
    AMERISAVE MORTGAGE CORPORATION 150 6.17% $11,311
    Mortgage Research Center, LLC 121 6.96% $5,388
    Midwest Mortgage Associates Corporation 118 6.71% $6,266
    Arvest Bank 117 6.55% $7,155
    First State Bank of St. Charles, Missouri 114 6.60% $8,125
    Flanagan State Bank 107 6.61% $8,933
    Flagstar Bank, FSB 103 6.69% $7,979
    U.S. Bank 102 6.67% $6,303
    COMMUNITYAMERICA 102 6.55% $7,780
    Carrington Mortgage Services, LLC 99 6.25% $10,346
    CROSSCOUNTRY MORTGAGE, LLC 97 6.87% $9,978
    MUTUAL OF OMAHA MORTGAGE, INC. 94 6.73% $12,293
    Prosperity Home Mortgage, LLC 92 6.54% $8,633
    EVERETT FINANCIAL, INC. 88 6.90% $7,600
    Stifel Bank and Trust 82 6.52% $6,837
    First Bank 81 6.54% $8,202
    FAMILY FINANCE MORTGAGE, LLC 80 6.87% $8,911
    Regions Bank 80 6.40% $7,368
    Plains Commerce Bank 79 6.56% $9,649
    LAKEVIEW LOAN SERVICING, LLC 76 6.27% $10,591
    FIRST INTEGRITY MORTGAGE SERVICES, INC. 73 6.67% $6,179
    DELMAR FINANCIAL COMPANY 66 6.73% $8,827
    MID AMERICA MORTGAGE, INC. 65 6.71% $4,090
    GENEVA FINANCIAL, LLC 65 6.75% $11,293
    SUMMIT FUNDING, INC. 63 6.75% $10,204
    AMERICAN FINANCIAL NETWORK, INC. 62 6.94% $11,420
    GUARANTEED RATE, INC. 62 6.63% $9,044
    Hawthorn Bank 59 6.15% $6,974
    MOVEMENT MORTGAGE, LLC 58 6.71% $8,066
    GUARANTEED RATE AFFINITY, LLC 56 6.70% $10,929
    SUN WEST MORTGAGE COMPANY, INC. 56 6.67% $9,565
    United Fidelity Funding Corp. 55 7.05% $10,872
    PLANET HOME LENDING, LLC 54 6.18% $9,320
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 52 6.81% $8,530
    Nations Lending Corporation 51 6.90% $7,119
    LOANPAL, LLC 51 6.03% $10,957
    Paramount Residential Mortgage Group, Inc. 49 6.90% $9,670
    American Mortgage & Equity Consultants, Inc. 48 6.92% $9,037
    Carrollton Bank 47 6.53% $7,264
    Neighborhood Loans, Inc. 47 6.91% $9,170
    Waterstone Mortgage Corporation 45 6.66% $8,986
    Equity Prime Mortgage LLC 45 6.97% $10,331
    Gateway First Bank 44 6.75% $6,160
    THOMPSON KANE & COMPANY, LLC 43 6.67% $6,206
    NBKC BANK 41 6.27% $7,925
    PLAZA HOME MORTGAGE, INC. 40 6.80% $14,385
    VILLAGE CAPITAL MORTGAGE 40 6.08% $8,819
    Commerce Bank 38 6.52% $6,094
    OPEN MORTGAGE, LLC 36 6.90% $8,816
    MEGASTAR FINANCIAL CORP. 35 6.73% $8,307
    MORTGAGE SOLUTIONS OF COLORADO, LLC 34 6.90% $10,243
    TOP FLITE FINANCIAL, INC. 34 6.94% $12,292
    Springfield First Community Bank 33 6.79% $7,708
    PREMIER MORTGAGE RESOURCES, L.L.C. 33 6.77% $8,983
    ZILLOW HOME LOANS, LLC 32 6.59% $9,030
    ACADEMY MORTGAGE CORPORATION 31 6.54% $8,523
    TOWNE MORTGAGE COMPANY 28 6.67% $10,513
    AMERICAN FINANCING CORPORATION 28 6.53% $10,713
    Midwest BankCentre 28 6.27% $6,826
    HALLMARK HOME MORTGAGE, LLC 27 7.11% $8,790
    AMERICAN PACIFIC MORTGAGE CORPORATION 27 6.72% $9,594
    Great Southern Bank 26 6.25% $6,793
    Bell Bank 26 6.50% $8,360
    BAYSHORE MORTGAGE FUNDING, LLC 26 6.75% $9,385
    Mazuma Credit Union 26 6.34% $7,746
    TruHome Solutions, LLC 26 6.45% $9,553
    UMB Bank 26 6.48% $7,126
    Simmons Bank 24 6.46% $6,437
    BancorpSouth 24 6.55% $6,360
    UNION HOME MORTGAGE CORP. 24 6.71% $8,348
    NBH Bank 23 6.60% $5,282
    Bank of America 22 6.25% $5,355
    ROYAL UNITED MORTGAGE LLC 22 7.10% $9,685
    S1L, Inc. 21 6.60% $10,026
    First Community Bank 21 6.54% $7,518
    VANDERBILT MORTGAGE AND FINANCE, INC. 21 6.04% $13,824
    ACCESS CAPITAL FUNDING, L.L.C. 20 6.71% $7,809
    HOMESTAR FINANCIAL CORPORATION 20 7.06% $6,360
    FRONTIER FINANCIAL, INC. 20 6.95% $8,151
    The Federal Savings Bank 20 6.35% $13,179
    JPMorgan Chase Bank 20 6.72% $5,838
    PHH Mortgage Corporation 19 6.73% $9,111
    Paramount Bank 17 7.00% $8,026
    North American Savings Bank, F.S.B. 17 6.26% $7,742
    ON Q FINANCIAL, INC. 17 7.09% $8,069
    HOMEBRIDGE FINANCIAL SERVICES, INC. 17 6.18% $12,000
    Barrington Bank & Trust Company, N.A. 16 6.42% $7,461
    CMG MORTGAGE, INC. 16 6.95% $11,239
    VICTORY MORTGAGE, L.L.C. 16 6.54% $9,641
    Servion, Inc. 15 6.54% $6,965
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 15 6.81% $6,933
    ASSEMBLIES OF GOD Credit Union 15 6.76% $7,887
    Oakstar Bank 14 6.38% $6,877
    PRIMARY RESIDENTIAL MORTGAGE, INC. 13 7.13% $9,936
    FirstTrust Home Loans, Inc. 12 6.27% $7,339
    BANK OF LITTLE ROCK MORTGAGE CORPORATION 12 6.66% $7,926
    MORTGAGE FINANCIAL SERVICES, LLC 12 6.90% $9,133
    AMERICAN FINANCIAL RESOURCES, INC. 12 6.98% $7,504
    First National Bank of Omaha 12 6.43% $9,589
    First Federal Bank of Kansas City 11 6.77% $7,073
    Wells Fargo Bank 11 6.25% $9,555
    Ixonia Bank 11 6.78% $8,571
    AMCAP MORTGAGE, LTD. 10 7.01% $10,443
    T2 FINANCIAL LLC 10 7.09% $10,416
    Bank of England 10 6.46% $7,887
    M&T Bank 10 6.70% $8,464
    BAY EQUITY LLC 9 6.22% $11,710
    VERITAS FUNDING, LLC 9 6.69% $15,206
    CHURCHILL MORTGAGE CORPORATION 9 6.88% $8,807
    CALIBER HOME LOANS, INC. 9 6.79% $8,104
    Mortgage Investment Services Corporation 9 6.74% $7,306
    PANORAMA MORTGAGE GROUP, LLC 9 7.25% $10,588
    BOKF 8 6.45% $8,806
    PNC Bank 8 6.70% $6,319
    ENVOY MORTGAGE, LTD 8 6.31% $9,776
    FIRST COMMUNITY MORTGAGE, INC. 8 6.66% $10,300
    Mid-Continent Funding, Inc. 8 6.69% $8,487
    NP, Inc. 8 6.64% $7,390
    MICHIGAN MUTUAL, INC. 8 6.34% $9,287
    AXIA FINANCIAL, LLC 8 6.42% $9,249
    Sierra Pacific Mortgage Company, Inc. 8 6.58% $9,641
    NFM, INC. 7 6.96% $10,135
    FCB Banks 7 6.59% $6,974
    Ameris Bank 7 6.71% $6,947
    Armed Forces Bank 7 7.16% $6,718
    HOMESIDE FINANCIAL, LLC 7 6.48% $8,891
    CIBC Bank USA 7 6.04% $6,826
    First Federal Bank 7 6.57% $10,013
    BNC National Bank 6 6.06% $7,983
    Sunflower Bank 6 6.60% $7,987
    Academy Bank 6 6.69% $5,805
    AmeriHome Mortgage Company, LLC 6 6.88% $8,296
    Members Mortgage Services, L.L.C. 6 7.10% $5,732
    American Mortgage Bank, LLC 6 7.29% $8,901
    Cornerstone First Mortgage, Inc 5 6.98% $13,273
    First Savings Bank 5 6.50% $10,330
    GSF Mortgage Corporation 5 6.00% $5,469
    Financial Funding Solutions, Inc. 5 7.05% $4,226
    Magnolia Bank 5 6.08% $9,472
    Bank of Springfield 5 6.75% $9,263
    PREMIA MORTGAGE, LLC 5 6.10% $8,830
    OCMBC, INC. 5 7.68% $7,715
    Enterprise Bank & Trust 4 6.41% $7,938
    PENTAGON FEDERAL CREDIT UNION 4 5.47% $5,842
    FIRST MORTGAGE COMPANY, INC. 4 6.97% $10,654
    Southwest Missouri Bank 4 6.38% $4,773
    First Financial Bank 4 6.41% $7,904
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 4 6.47% $9,204
    SUCCESS MORTGAGE PARTNERS, INC. 4 6.72% $6,616
    Citizens Bank 3 7.00% $8,319
    NATIONS RELIABLE LENDING, LLC 3 7.67% $9,383
    NEW DAY FINANCIAL, LLC 3 7.66% $5,438
    BLUCURRENT 3 7.13% $6,568
    Equity Bank 3 6.58% $7,412
    Northpointe Bank 3 6.71% $12,700
    RESIDENTIAL BANCORP 3 6.58% $14,156
    BMO Harris Bank 3 6.79% $7,085
    Old National Bank 3 5.96% $7,214
    Midland States Bank 3 7.58% $10,496
    Goldwater Bank, N.A. 2 6.81% $9,397
    HOMESITE MORTGAGE, LLC 2 6.81% $9,598
    Landmark National Bank 2 6.56% $6,230
    Fifth Third Bank 2 6.44% $6,940
    Fidelity Bank 2 7.19% $6,859
    EMBRACE HOME LOANS, INC. 2 6.44% $10,205
    DRAPER AND KRAMER MORTGAGE CORP. 2 6.63% $6,024
    CRESCENT MORTGAGE COMPANY 2 5.44% $12,345
    CORNERSTONE HOME LENDING, INC. 2 6.44% $7,959
    NATIONWIDE MORTGAGE BANKERS, INC. 2 7.50% $11,542
    Community First National Bank 2 6.56% $7,266
    CITY FIRST MORTGAGE SERVICES, L.L.C. 2 6.88% $7,737
    CHARTER WEST BANK 2 6.94% $8,992
    Centennial Bank 2 6.94% $9,830
    CANOPY MORTGAGE, LLC 2 6.19% $9,422
    RUOFF MORTGAGE COMPANY, INC. 2 6.50% $6,160
    BETTER MORTGAGE CORPORATION 2 6.56% $9,322
    SCOTT CREDIT UNION 2 5.88% $6,317
    SIRVA MORTGAGE, INC. 2 6.75% $6,453
    THRIVE MORTGAGE, LLC 2 7.38% $9,080
    Associated Bank 2 6.56% $5,247
    Truist 2 6.00% $4,654
    United Community Bank 2 6.44% $6,089
    CENTRAL MISSOURI COMMUNITY CREDIT UNION 1 6.75% $4,274
    SOUTHWEST STAGE FUNDING, LLC 1 7.75% $6,385
    Pinnacle Bank 1 7.00% $6,807
    Central National Bank 1 6.63% $9,404
    Peoples National Bank , N.A. 1 7.00% $6,380
    Sullivan Bank 1 6.13% $7,279
    BANKSOUTH MORTGAGE COMPANY, LLC 1 7.38% $8,008
    Chickasaw Community Bank 1 7.00% $4,247
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 7.13% $6,589
    Citibank 1 6.25% $7,006
    NexBank 1 6.13% $10,485
    Colonial Savings, F.A. 1 7.13% $11,058
    CONTOUR MORTGAGE CORPORATION 1 5.75% $11,024
    FIRST HERITAGE FINANCIAL, LLC 1 6.75% $4,315
    TJC Mortgage, Inc. 1 6.63% $6,656
    WEST COMMUNITY 1 6.63% $4,952
    Eagle Bank and Trust Company 1 6.63% $7,745
    Meridian Bank Corporation 1 7.00% $11,648
    Willamette Valley Bank 1 6.50% $7,373
    ARC HOME LLC 1 6.99% $4,762
    EVANSVILLE TEACHERS 1 6.13% $4,266
    UNITED 1 6.25% $6,856
    FIRST WESTERN MORTGAGE, INC. 1 6.63% $3,628
    Evolve Bank & Trust 1 6.13% $7,231
    Lincoln Savings Bank 1 6.25% $10,978
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 8.13% $10,790
    US MORTGAGE CORPORATION 1 6.13% $10,429
    LENOX FINANCIAL MORTGAGE CORPORATION 1 7.00% $5,842
    LAND HOME FINANCIAL SERVICES, INC. 1 6.50% $13,625
    First-Citizens Bank & Trust Company 1 6.50% $6,128
    Independent Bank 1 7.25% $8,320
    SECURITYNATIONAL MORTGAGE COMPANY 1 7.50% $14,639
    Blue Ridge Bank 1 6.13% $7,390
    RED DIAMOND HOME LOANS, LLC 1 6.50% $11,205
    BECKAM FUNDING CORP. 1 7.25% $21,133
    American Bank of Oklahoma 1 7.00% $4,190

    The top Missouri FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 1,462 FHA loans originated. Their average total fees are $9,275, which is $1,810 higher than the next largest lender, FLAT BRANCH MORTGAGE, INC..

    The lowest fee Missouri FHA lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($4,090), NBH Bank ($5,282), Bank of America ($5,355), Mortgage Research Center, LLC ($5,388) and JPMorgan Chase Bank ($5,838).

    The lowest rate Missouri FHA lenders (with over 10 loans originated) are LOANPAL, LLC (6.03%), VANDERBILT MORTGAGE AND FINANCE, INC. (6.04%), VILLAGE CAPITAL MORTGAGE (6.08%), Mr. Cooper ( Nationstar Mortgage ) (6.15%) and Hawthorn Bank (6.15%).

    Missouri FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    KIRKSVILLE, MO ADAIR 2022 $420,680 $538,650 $651,050 $809,150
    ST. JOSEPH, MO-KS ANDREW 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO ATCHISON 2022 $420,680 $538,650 $651,050 $809,150
    MEXICO, MO AUDRAIN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BARRY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BARTON 2022 $420,680 $538,650 $651,050 $809,150
    KANSAS CITY, MO-KS BATES 2022 $431,250 $552,050 $667,350 $829,350
    NON-METRO BENTON 2022 $420,680 $538,650 $651,050 $809,150
    CAPE GIRARDEAU, MO-IL BOLLINGER 2022 $420,680 $538,650 $651,050 $809,150
    COLUMBIA, MO BOONE 2022 $420,680 $538,650 $651,050 $809,150
    ST. JOSEPH, MO-KS BUCHANAN 2022 $420,680 $538,650 $651,050 $809,150
    POPLAR BLUFF, MO BUTLER 2022 $420,680 $538,650 $651,050 $809,150
    KANSAS CITY, MO-KS CALDWELL 2022 $431,250 $552,050 $667,350 $829,350
    JEFFERSON CITY, MO CALLAWAY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CAMDEN 2022 $420,680 $538,650 $651,050 $809,150
    CAPE GIRARDEAU, MO-IL CAPE GIRARDEAU 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CARROLL 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CARTER 2022 $420,680 $538,650 $651,050 $809,150
    KANSAS CITY, MO-KS CASS 2022 $431,250 $552,050 $667,350 $829,350
    NON-METRO CEDAR 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CHARITON 2022 $420,680 $538,650 $651,050 $809,150
    SPRINGFIELD, MO CHRISTIAN 2022 $420,680 $538,650 $651,050 $809,150
    FORT MADISON-KEOKUK, IA-IL-MO CLARK 2022 $420,680 $538,650 $651,050 $809,150
    KANSAS CITY, MO-KS CLAY 2022 $431,250 $552,050 $667,350 $829,350
    KANSAS CITY, MO-KS CLINTON 2022 $431,250 $552,050 $667,350 $829,350
    JEFFERSON CITY, MO COLE 2022 $420,680 $538,650 $651,050 $809,150
    COLUMBIA, MO COOPER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CRAWFORD 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO DADE 2022 $420,680 $538,650 $651,050 $809,150
    SPRINGFIELD, MO DALLAS 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO DAVIESS 2022 $420,680 $538,650 $651,050 $809,150
    ST. JOSEPH, MO-KS DEKALB 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO DENT 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO DOUGLAS 2022 $420,680 $538,650 $651,050 $809,150
    KENNETT, MO DUNKLIN 2022 $420,680 $538,650 $651,050 $809,150
    ST. LOUIS, MO-IL FRANKLIN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO GASCONADE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO GENTRY 2022 $420,680 $538,650 $651,050 $809,150
    SPRINGFIELD, MO GREENE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO GRUNDY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO HARRISON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO HENRY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO HICKORY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO HOLT 2022 $420,680 $538,650 $651,050 $809,150
    COLUMBIA, MO HOWARD 2022 $420,680 $538,650 $651,050 $809,150
    WEST PLAINS, MO HOWELL 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO IRON 2022 $420,680 $538,650 $651,050 $809,150
    KANSAS CITY, MO-KS JACKSON 2022 $431,250 $552,050 $667,350 $829,350
    JOPLIN, MO JASPER 2022 $420,680 $538,650 $651,050 $809,150
    ST. LOUIS, MO-IL JEFFERSON 2022 $420,680 $538,650 $651,050 $809,150
    WARRENSBURG, MO JOHNSON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO KNOX 2022 $420,680 $538,650 $651,050 $809,150
    LEBANON, MO LACLEDE 2022 $420,680 $538,650 $651,050 $809,150
    KANSAS CITY, MO-KS LAFAYETTE 2022 $431,250 $552,050 $667,350 $829,350
    NON-METRO LAWRENCE 2022 $420,680 $538,650 $651,050 $809,150
    QUINCY, IL-MO LEWIS 2022 $420,680 $538,650 $651,050 $809,150
    ST. LOUIS, MO-IL LINCOLN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO LINN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO LIVINGSTON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MCDONALD 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MACON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MADISON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MARIES 2022 $420,680 $538,650 $651,050 $809,150
    HANNIBAL, MO MARION 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MERCER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MILLER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MISSISSIPPI 2022 $420,680 $538,650 $651,050 $809,150
    JEFFERSON CITY, MO MONITEAU 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MONROE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MONTGOMERY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MORGAN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO NEW MADRID 2022 $420,680 $538,650 $651,050 $809,150
    JOPLIN, MO NEWTON 2022 $420,680 $538,650 $651,050 $809,150
    MARYVILLE, MO NODAWAY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO OREGON 2022 $420,680 $538,650 $651,050 $809,150
    JEFFERSON CITY, MO OSAGE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO OZARK 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO PEMISCOT 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO PERRY 2022 $420,680 $538,650 $651,050 $809,150
    SEDALIA, MO PETTIS 2022 $420,680 $538,650 $651,050 $809,150
    ROLLA, MO PHELPS 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO PIKE 2022 $420,680 $538,650 $651,050 $809,150
    KANSAS CITY, MO-KS PLATTE 2022 $431,250 $552,050 $667,350 $829,350
    SPRINGFIELD, MO POLK 2022 $420,680 $538,650 $651,050 $809,150
    FORT LEONARD WOOD, MO PULASKI 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO PUTNAM 2022 $420,680 $538,650 $651,050 $809,150
    HANNIBAL, MO RALLS 2022 $420,680 $538,650 $651,050 $809,150
    MOBERLY, MO RANDOLPH 2022 $420,680 $538,650 $651,050 $809,150
    KANSAS CITY, MO-KS RAY 2022 $431,250 $552,050 $667,350 $829,350
    NON-METRO REYNOLDS 2022 $420,680 $538,650 $651,050 $809,150
    POPLAR BLUFF, MO RIPLEY 2022 $420,680 $538,650 $651,050 $809,150
    ST. LOUIS, MO-IL ST. CHARLES 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO ST. CLAIR 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO STE. GENEVIEVE 2022 $420,680 $538,650 $651,050 $809,150
    FARMINGTON, MO ST. FRANCOIS 2022 $420,680 $538,650 $651,050 $809,150
    ST. LOUIS, MO-IL ST. LOUIS 2022 $420,680 $538,650 $651,050 $809,150
    MARSHALL, MO SALINE 2022 $420,680 $538,650 $651,050 $809,150
    KIRKSVILLE, MO SCHUYLER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SCOTLAND 2022 $420,680 $538,650 $651,050 $809,150
    SIKESTON, MO SCOTT 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SHANNON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SHELBY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO STODDARD 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO STONE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SULLIVAN 2022 $420,680 $538,650 $651,050 $809,150
    BRANSON, MO TANEY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO TEXAS 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO VERNON 2022 $420,680 $538,650 $651,050 $809,150
    ST. LOUIS, MO-IL WARREN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO WASHINGTON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO WAYNE 2022 $420,680 $538,650 $651,050 $809,150
    SPRINGFIELD, MO WEBSTER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO WORTH 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO WRIGHT 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
    KIRKSVILLE, MO ADAIR 2023 $472,030 $604,400 $730,525 $907,900
    ST. JOSEPH, MO-KS ANDREW 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO ATCHISON 2023 $472,030 $604,400 $730,525 $907,900
    MEXICO, MO AUDRAIN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BARRY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BARTON 2023 $472,030 $604,400 $730,525 $907,900
    KANSAS CITY, MO-KS BATES 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BENTON 2023 $472,030 $604,400 $730,525 $907,900
    CAPE GIRARDEAU, MO-IL BOLLINGER 2023 $472,030 $604,400 $730,525 $907,900
    COLUMBIA, MO BOONE 2023 $472,030 $604,400 $730,525 $907,900
    ST. JOSEPH, MO-KS BUCHANAN 2023 $472,030 $604,400 $730,525 $907,900
    POPLAR BLUFF, MO BUTLER 2023 $472,030 $604,400 $730,525 $907,900
    KANSAS CITY, MO-KS CALDWELL 2023 $472,030 $604,400 $730,525 $907,900
    JEFFERSON CITY, MO CALLAWAY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CAMDEN 2023 $472,030 $604,400 $730,525 $907,900
    CAPE GIRARDEAU, MO-IL CAPE GIRARDEAU 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CARROLL 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CARTER 2023 $472,030 $604,400 $730,525 $907,900
    KANSAS CITY, MO-KS CASS 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CEDAR 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CHARITON 2023 $472,030 $604,400 $730,525 $907,900
    SPRINGFIELD, MO CHRISTIAN 2023 $472,030 $604,400 $730,525 $907,900
    FORT MADISON-KEOKUK, IA-IL-MO CLARK 2023 $472,030 $604,400 $730,525 $907,900
    KANSAS CITY, MO-KS CLAY 2023 $472,030 $604,400 $730,525 $907,900
    KANSAS CITY, MO-KS CLINTON 2023 $472,030 $604,400 $730,525 $907,900
    JEFFERSON CITY, MO COLE 2023 $472,030 $604,400 $730,525 $907,900
    COLUMBIA, MO COOPER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CRAWFORD 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO DADE 2023 $472,030 $604,400 $730,525 $907,900
    SPRINGFIELD, MO DALLAS 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO DAVIESS 2023 $472,030 $604,400 $730,525 $907,900
    ST. JOSEPH, MO-KS DEKALB 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO DENT 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO DOUGLAS 2023 $472,030 $604,400 $730,525 $907,900
    KENNETT, MO DUNKLIN 2023 $472,030 $604,400 $730,525 $907,900
    ST. LOUIS, MO-IL FRANKLIN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO GASCONADE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO GENTRY 2023 $472,030 $604,400 $730,525 $907,900
    SPRINGFIELD, MO GREENE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO GRUNDY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO HARRISON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO HENRY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO HICKORY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO HOLT 2023 $472,030 $604,400 $730,525 $907,900
    COLUMBIA, MO HOWARD 2023 $472,030 $604,400 $730,525 $907,900
    WEST PLAINS, MO HOWELL 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO IRON 2023 $472,030 $604,400 $730,525 $907,900
    KANSAS CITY, MO-KS JACKSON 2023 $472,030 $604,400 $730,525 $907,900
    JOPLIN, MO JASPER 2023 $472,030 $604,400 $730,525 $907,900
    ST. LOUIS, MO-IL JEFFERSON 2023 $472,030 $604,400 $730,525 $907,900
    WARRENSBURG, MO JOHNSON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO KNOX 2023 $472,030 $604,400 $730,525 $907,900
    LEBANON, MO LACLEDE 2023 $472,030 $604,400 $730,525 $907,900
    KANSAS CITY, MO-KS LAFAYETTE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO LAWRENCE 2023 $472,030 $604,400 $730,525 $907,900
    QUINCY, IL-MO LEWIS 2023 $472,030 $604,400 $730,525 $907,900
    ST. LOUIS, MO-IL LINCOLN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO LINN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO LIVINGSTON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MCDONALD 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MACON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MADISON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MARIES 2023 $472,030 $604,400 $730,525 $907,900
    HANNIBAL, MO MARION 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MERCER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MILLER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MISSISSIPPI 2023 $472,030 $604,400 $730,525 $907,900
    JEFFERSON CITY, MO MONITEAU 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MONROE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MONTGOMERY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MORGAN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO NEW MADRID 2023 $472,030 $604,400 $730,525 $907,900
    JOPLIN, MO NEWTON 2023 $472,030 $604,400 $730,525 $907,900
    MARYVILLE, MO NODAWAY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO OREGON 2023 $472,030 $604,400 $730,525 $907,900
    JEFFERSON CITY, MO OSAGE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO OZARK 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO PEMISCOT 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO PERRY 2023 $472,030 $604,400 $730,525 $907,900
    SEDALIA, MO PETTIS 2023 $472,030 $604,400 $730,525 $907,900
    ROLLA, MO PHELPS 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO PIKE 2023 $472,030 $604,400 $730,525 $907,900
    KANSAS CITY, MO-KS PLATTE 2023 $472,030 $604,400 $730,525 $907,900
    SPRINGFIELD, MO POLK 2023 $472,030 $604,400 $730,525 $907,900
    FORT LEONARD WOOD, MO PULASKI 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO PUTNAM 2023 $472,030 $604,400 $730,525 $907,900
    HANNIBAL, MO RALLS 2023 $472,030 $604,400 $730,525 $907,900
    MOBERLY, MO RANDOLPH 2023 $472,030 $604,400 $730,525 $907,900
    KANSAS CITY, MO-KS RAY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO REYNOLDS 2023 $472,030 $604,400 $730,525 $907,900
    POPLAR BLUFF, MO RIPLEY 2023 $472,030 $604,400 $730,525 $907,900
    ST. LOUIS, MO-IL ST. CHARLES 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO ST. CLAIR 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO STE. GENEVIEVE 2023 $472,030 $604,400 $730,525 $907,900
    FARMINGTON, MO ST. FRANCOIS 2023 $472,030 $604,400 $730,525 $907,900
    ST. LOUIS, MO-IL ST. LOUIS 2023 $472,030 $604,400 $730,525 $907,900
    MARSHALL, MO SALINE 2023 $472,030 $604,400 $730,525 $907,900
    KIRKSVILLE, MO SCHUYLER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO SCOTLAND 2023 $472,030 $604,400 $730,525 $907,900
    SIKESTON, MO SCOTT 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO SHANNON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO SHELBY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO STODDARD 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO STONE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO SULLIVAN 2023 $472,030 $604,400 $730,525 $907,900
    BRANSON, MO TANEY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO TEXAS 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO VERNON 2023 $472,030 $604,400 $730,525 $907,900
    ST. LOUIS, MO-IL WARREN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO WASHINGTON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO WAYNE 2023 $472,030 $604,400 $730,525 $907,900
    SPRINGFIELD, MO WEBSTER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO WORTH 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO WRIGHT 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

    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).