Missouri FHA Loan Rates, Closing Costs & Stats

Missouri

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 7.03% for the week of 2024-04-12, compared to the national average (all FHA variants) of 6.739% for the same period.

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

The average rate for the prior week (2024-04-05) was 6.85% and one month ago for the week of 2024-03-08, the average rate was 6.49%.

The average rate one year ago was 6.52%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.87%.

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).