St. Louis FHA Loan Rates, Closing Costs & Stats

ST. LOUIS, MO-IL

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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.

    St. Louis's 181 lenders originated 7,017 FHA loans during 2024. The total origination value was $1,556,745,000, with an average FHA loan value of $221,853.

    St. Louis FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in St. Louis averaged 6.82% for the week of 2025-07-18, compared to the national average (all FHA variants) of 6.527% for the same period.

    St. Louis's average FHA mortgage closing costs are $6,527.

    The average rate for the prior week (2025-07-11) was 6.82% and one month ago for the week of 2025-06-13, the average rate was 6.87%.

    The average rate one year ago was 7.03%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.64%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 651 6.60% $8,579
    QUICKEN LOANS, LLC 508 6.43% $9,723
    BROKER SOLUTIONS, INC. 472 6.87% $9,017
    UNITED WHOLESALE MORTGAGE, LLC 349 6.42% $9,540
    DAS Acquisition Company, LLC 325 6.84% $8,992
    JLB CORPORATION 257 6.15% $9,120
    FLAT BRANCH MORTGAGE, INC. 236 6.72% $7,983
    FREEDOM MORTGAGE CORPORATION 206 6.56% $11,191
    GERSHMAN INVESTMENT CORP. 198 6.70% $7,962
    ENDEAVOR CAPITAL, LLC. 181 6.58% $8,178
    DELMAR FINANCIAL COMPANY 157 6.70% $7,652
    PENNYMAC LOAN SERVICES, LLC 129 6.10% $9,172
    LEADERONE FINANCIAL CORPORATION 112 6.63% $9,718
    NEWREZ LLC 108 6.52% $8,958
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 95 6.77% $8,230
    LOANDEPOT.COM, LLC 83 6.36% $9,676
    Stifel Bank and Trust 79 6.11% $7,812
    Midwest BankCentre 75 6.08% $6,737
    FAMILY FINANCE MORTGAGE, LLC 73 6.63% $8,668
    Mr. Cooper ( Nationstar Mortgage ) 71 6.42% $12,046
    Carrollton Bank 62 6.41% $6,906
    GENEVA FINANCIAL, LLC 61 6.77% $12,040
    GUARANTEED RATE, INC. 59 6.84% $7,620
    First State Bank of St. Charles, Missouri 58 6.39% $8,933
    AMERICAN PACIFIC MORTGAGE CORPORATION 57 6.79% $10,085
    MUTUAL OF OMAHA MORTGAGE, INC. 57 6.37% $14,657
    PLANET HOME LENDING, LLC 56 6.27% $5,993
    GUARANTEED RATE AFFINITY, LLC 55 6.55% $9,503
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 54 6.64% $6,532
    The Central Trust Bank 53 6.58% $8,507
    FIRST INTEGRITY MORTGAGE SERVICES, INC. 50 6.69% $6,333
    LAKEVIEW LOAN SERVICING, LLC 48 6.48% $7,975
    Regions Bank 47 6.55% $7,054
    CROSSCOUNTRY MORTGAGE, LLC 43 6.82% $9,504
    Carrington Mortgage Services, LLC 43 6.41% $10,784
    VILLAGE CAPITAL MORTGAGE 41 6.64% $4,679
    FCB Banks 41 6.22% $5,892
    Equity Prime Mortgage LLC 40 7.02% $9,395
    U.S. Bank 38 6.57% $6,725
    Paramount Bank 38 6.51% $7,805
    Flagstar Bank, FSB 37 6.48% $7,450
    AMERISAVE MORTGAGE CORPORATION 35 6.29% $12,486
    CARDINAL FINANCIAL 35 6.37% $12,221
    Mortgage Research Center, LLC 35 6.76% $6,790
    EVERETT FINANCIAL, INC. 31 6.81% $8,846
    Paramount Residential Mortgage Group, Inc. 31 6.58% $10,938
    First Bank 29 6.45% $8,389
    ACCESS CAPITAL FUNDING, L.L.C. 29 6.37% $6,674
    Nations Lending Corporation 27 6.88% $8,979
    Prosperity Home Mortgage, LLC 26 6.22% $11,062
    AmeriHome Mortgage Company, LLC 25 6.66% $6,028
    TOWNE MORTGAGE COMPANY 24 6.36% $10,929
    PLAZA HOME MORTGAGE, INC. 23 7.67% $7,130
    AMERICAN FINANCING CORPORATION 22 5.97% $10,955
    NP, Inc. 22 6.74% $9,158
    FRONTIER FINANCIAL, INC. 21 6.75% $7,371
    AMERICAN FINANCIAL NETWORK, INC. 20 6.38% $13,104
    ZILLOW HOME LOANS, LLC 18 6.64% $10,011
    VICTORY MORTGAGE, L.L.C. 17 6.01% $10,057
    COMMUNITY MORTGAGE, LLC 17 6.64% $8,891
    SCOTT CREDIT UNION 17 5.87% $5,418
    LOANPAL, LLC 17 5.70% $11,402
    PRIMELENDING, A PLAINSCAPITAL COMPANY 16 6.67% $7,716
    SUN WEST MORTGAGE COMPANY, INC. 15 6.44% $10,707
    ROYAL UNITED MORTGAGE LLC 14 6.61% $8,722
    The Federal Savings Bank 14 6.48% $14,374
    Commerce Bank 14 6.61% $6,614
    CMG MORTGAGE, INC. 14 6.53% $11,419
    Midland States Bank 14 6.58% $7,878
    PRIMARY RESIDENTIAL MORTGAGE, INC. 12 7.01% $9,159
    BancorpSouth 12 6.56% $5,715
    SOUTHWEST FUNDING, LP 11 7.00% $9,995
    First State Community Bank 11 6.63% $7,404
    Bank of America 11 6.07% $5,905
    Associated Bank 11 6.33% $5,578
    Busey Bank 11 6.07% $6,075
    T2 FINANCIAL LLC 10 6.41% $10,722
    MOVEMENT MORTGAGE, LLC 10 6.74% $9,359
    HOMEBRIDGE FINANCIAL SERVICES, INC. 10 6.65% $6,499
    Cornerstone First Mortgage, Inc 9 6.68% $7,028
    CIBC Bank USA 9 6.11% $8,438
    CHURCHILL MORTGAGE CORPORATION 9 6.78% $8,947
    Bell Bank 9 6.49% $9,213
    TruHome Solutions, LLC 9 6.39% $7,920
    FIRST HERITAGE FINANCIAL, LLC 9 5.96% $8,526
    United Community Bank 9 6.32% $6,637
    TOP FLITE FINANCIAL, INC. 8 6.76% $10,940
    JPMorgan Chase Bank 7 6.09% $8,821
    PHH Mortgage Corporation 7 6.67% $10,421
    CITY FIRST MORTGAGE SERVICES, L.L.C. 7 6.55% $12,144
    HOMESIDE FINANCIAL, LLC 7 6.07% $15,542
    Simmons Bank 6 6.33% $8,103
    Bank of Springfield 6 6.17% $6,684
    GMFS LLC 6 6.69% $4,538
    MID AMERICA MORTGAGE, INC. 5 7.30% $7,492
    RUOFF MORTGAGE COMPANY, INC. 5 6.18% $5,835
    Barrington Bank & Trust Company, N.A. 5 6.80% $8,397
    ENVOY MORTGAGE, LTD 5 6.45% $7,681
    BETTER MORTGAGE CORPORATION 5 6.40% $10,138
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 5 6.72% $7,028
    MORTGAGE SOLUTIONS OF COLORADO, LLC 5 6.45% $16,446
    THOMPSON KANE & COMPANY, LLC 5 6.28% $8,649
    PNC Bank 5 6.73% $7,320
    The Union Bank Company 5 5.80% $8,816
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 5 6.83% $7,374
    NBKC BANK 5 5.95% $8,039
    Wells Fargo Bank 5 6.65% $7,661
    PREMIA MORTGAGE, LLC 5 6.28% $5,284
    Plains Commerce Bank 4 6.41% $10,946
    First Horizon Bank 4 6.84% $8,148
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 6.00% $14,475
    Home Mortgage Alliance Corp 4 7.50% $9,427
    UMB Bank 4 6.25% $7,507
    FIRST MORTGAGE COMPANY, INC. 4 6.41% $8,219
    Lakeview Community Capital, LLC 3 6.25% $6,933
    American Mortgage & Equity Consultants, Inc. 3 6.75% $12,824
    First Mid Bank & Trust 3 6.71% $6,213
    Golden Empire Mortgage, Inc. 3 6.71% $11,453
    Great Southern Bank 3 6.25% $10,151
    Midwest Mortgage Associates Corporation 3 6.17% $10,166
    NFM, INC. 3 6.71% $12,823
    OCMBC, INC. 3 6.79% $6,484
    UNION HOME MORTGAGE CORP. 3 6.33% $9,922
    MICHIGAN MUTUAL, INC. 2 6.75% $10,512
    The Loan Store, Inc. 2 5.94% $9,779
    M&T Bank 2 6.69% $6,670
    COMMUNITYAMERICA 2 6.25% $9,997
    Servion, Inc. 2 6.44% $9,768
    Sierra Pacific Mortgage Company, Inc. 2 6.44% $7,175
    NEW DAY FINANCIAL, LLC 2 7.56% $13,536
    Century Mortgage Company DBA Century Lending Company 2 6.81% $7,419
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 7.19% $9,457
    Gateway First Bank 2 6.50% $8,891
    BMO Harris Bank 2 6.81% $5,888
    NATIONWIDE MORTGAGE BANKERS, INC. 2 7.56% $15,575
    BAY EQUITY LLC 2 6.44% $8,476
    AXIA FINANCIAL, LLC 2 7.37% $9,928
    First Option Mortgage, LLC 2 7.50% $7,256
    SUCCESS MORTGAGE PARTNERS, INC. 2 6.38% $13,476
    Sullivan Bank 2 6.44% $7,610
    Sunflower Bank 2 6.87% $7,817
    FIRST COMMUNITY MORTGAGE, INC. 2 6.81% $7,503
    Waterstone Mortgage Corporation 2 5.94% $13,433
    Ixonia Bank 2 7.06% $8,120
    Texana Bank 2 5.69% $17,256
    Heartland Bank and Trust Company 2 6.88% $8,504
    Citibank 1 6.88% $7,446
    CANOPY MORTGAGE, LLC 1 6.63% $10,787
    Truist 1 6.25% $11,379
    AFFORDABLE MORTGAGE ADVISORS, LLC. 1 6.75% $5,251
    Arvest Bank 1 6.00% $7,271
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.49% $5,687
    VERITAS FUNDING, LLC 1 6.25% $12,977
    Armed Forces Bank 1 6.25% $5,654
    AmRes Corporation 1 7.25% $23,732
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.75% $5,999
    WEST COMMUNITY 1 6.63% $2,200
    OPEN MORTGAGE, LLC 1 6.63% $18,870
    Pacific Lending LLC 1 6.13% $10,900
    ON Q FINANCIAL, INC. 1 6.63% $8,020
    NORWICH COMMERCIAL GROUP, INC. 1 6.75% $10,756
    Peoples National Bank , N.A. 1 6.75% $4,452
    North American Savings Bank, F.S.B. 1 6.13% $4,596
    NETWORK CAPITAL FUNDING CORPORATION 1 6.13% $13,857
    MORTGAGEONE, INC. 1 6.25% $9,683
    MJW Financial LLC 1 6.75% $8,863
    LIBERTY HOME MORTGAGE CORPORATION 1 5.88% $13,541
    Academy Bank 1 7.00% $6,414
    LADERA LENDING, INC. 1 6.63% $9,334
    RESIDENTIAL BANCORP 1 5.88% $9,862
    GREENSTATE CREDIT UNION 1 6.38% $8,061
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.75% $10,604
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 8.25% $5,575
    SIRVA MORTGAGE, INC. 1 6.50% $5,873
    Springfield First Community Bank 1 6.63% $8,601
    First Bank 1 6.63% $8,729
    Financial Funding Solutions, Inc. 1 6.63% $8,095
    EMM LOANS LLC 1 5.38% $12,442
    DATA MORTGAGE, INC. 1 6.25% $7,980
    TJC Mortgage, Inc. 1 5.75% $10,037
    TOGETHER CREDIT UNION 1 6.63% $2,250

    The top St. Louis FHA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 651 FHA loans originated. Their average total fees are $8,579, which is $1,144 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee St. Louis FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($4,679), SCOTT CREDIT UNION ($5,418), Associated Bank ($5,578), BancorpSouth ($5,715) and FCB Banks ($5,892).

    The lowest rate St. Louis FHA lenders (with over 10 loans originated) are LOANPAL, LLC (5.70%), SCOTT CREDIT UNION (5.87%), AMERICAN FINANCING CORPORATION (5.97%), VICTORY MORTGAGE, L.L.C. (6.01%) and Bank of America (6.07%).

    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

    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).