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Missouri FHA Loan

FHA Mortgage Loan Programs in Missouri
FHA Loan Requirements - 2022 FHA Loan Limits

Missouri FHA Loans | Requirements | 2022 FHA Loan Limits

FHA loans provide a great opportunity to buy a home in Missouri.  The FHA (Federal Housing Administration) was created to help the average American have a chance at owning their own home.  One of the reasons that FHA loans are so popular is because of the low down payment option.  FHA loans allow you to purchase a home with only a 3.5% down payment.  There are also less strict requirements to get an FHA loan (compared to conventional loans), such as being able to qualify with a credit score as low as 500.

Missouri FHA Loan Requirements

Below are some of the basic requirements to get an FHA loan in Missouri.  If you would like to find out if you are eligible for an FHA loan, we can help match you with a lender.  To have an FHA lender contact you, request a free consultation.

  • Credit Score – To qualify for the 3.5% down payment, you must have a 580 credit score or higher. If your credit score is between a 500-579, you still may qualify for an FHA loan, but will be required to put 10% down.
  • Job History – Proof of employment for 2 years is required. It is ok if you have changed jobs, but you need to show consistent employment/income.
  • Financial Statements – You should expect to be required to provide your 2 most recent bank statements, pay stubs, and tax returns.
  • Debt-to-Income – You can not have a debt-to-income ratio higher than 43%.  However, if you have “compensating factors” you might be able to get approved with higher debt levels (a compensating factor could be more money in savings, longer job history, or great credit).
  • Primary Residence – You must occupy the home that you intend to purchase and have it be your primary residence. FHA loans are not available to purchase an investment property, second home, or vacation home.
  • Mortgage Insurance – All FHA loans, regardless of the lender, require two types of mortgage insurance.  This includes the UPMIP (Upfront Mortgage Insurance Premium) and the regular MIP (Mortgage Insurance Premium).  FHA MIP acts similarly to how PMI (Private Mortgage Insurance) on a conventional loan acts.  You can use this FHA loan calculator to estimate your monthly payment and mortgage insurance costs.
  • FHA Loan Limits – FHA loans have maximum lending limits, which are set at the county level. You can view the 2022 FHA loan limits for all counties in Missouri below.

Would you like to see if you qualify for an FHA loan?  We can help match you with a mortgage lender that offers FHA loans in Missouri.  To have an FHA lender contact you, request a free consultation.

2022 Missouri FHA Loan Limits

Below are the 2022 FHA loan limits for every county in Missouri:

County Single Family 2 Family 3 Family 4 Family
ADAIR $420,680 $538,650 $651,050 $809,150
ANDREW $420,680 $538,650 $651,050 $809,150
ATCHISON $420,680 $538,650 $651,050 $809,150
AUDRAIN $420,680 $538,650 $651,050 $809,150
BARRY $420,680 $538,650 $651,050 $809,150
BARTON $420,680 $538,650 $651,050 $809,150
BATES $431,250 $552,050 $667,350 $829,350
BENTON $420,680 $538,650 $651,050 $809,150
BOLLINGER $420,680 $538,650 $651,050 $809,150
BOONE $420,680 $538,650 $651,050 $809,150
BUCHANAN $420,680 $538,650 $651,050 $809,150
BUTLER $420,680 $538,650 $651,050 $809,150
CALDWELL $431,250 $552,050 $667,350 $829,350
CALLAWAY $420,680 $538,650 $651,050 $809,150
CAMDEN $420,680 $538,650 $651,050 $809,150
CAPE GIRARDEAU $420,680 $538,650 $651,050 $809,150
CARROLL $420,680 $538,650 $651,050 $809,150
CARTER $420,680 $538,650 $651,050 $809,150
CASS $431,250 $552,050 $667,350 $829,350
CEDAR $420,680 $538,650 $651,050 $809,150
CHARITON $420,680 $538,650 $651,050 $809,150
CHRISTIAN $420,680 $538,650 $651,050 $809,150
CLARK $420,680 $538,650 $651,050 $809,150
CLAY $431,250 $552,050 $667,350 $829,350
CLINTON $431,250 $552,050 $667,350 $829,350
COLE $420,680 $538,650 $651,050 $809,150
COOPER $420,680 $538,650 $651,050 $809,150
CRAWFORD $420,680 $538,650 $651,050 $809,150
DADE $420,680 $538,650 $651,050 $809,150
DALLAS $420,680 $538,650 $651,050 $809,150
DAVIESS $420,680 $538,650 $651,050 $809,150
DEKALB $420,680 $538,650 $651,050 $809,150
DENT $420,680 $538,650 $651,050 $809,150
DOUGLAS $420,680 $538,650 $651,050 $809,150
DUNKLIN $420,680 $538,650 $651,050 $809,150
FRANKLIN $420,680 $538,650 $651,050 $809,150
GASCONADE $420,680 $538,650 $651,050 $809,150
GENTRY $420,680 $538,650 $651,050 $809,150
GREENE $420,680 $538,650 $651,050 $809,150
GRUNDY $420,680 $538,650 $651,050 $809,150
HARRISON $420,680 $538,650 $651,050 $809,150
HENRY $420,680 $538,650 $651,050 $809,150
HICKORY $420,680 $538,650 $651,050 $809,150
HOLT $420,680 $538,650 $651,050 $809,150
HOWARD $420,680 $538,650 $651,050 $809,150
HOWELL $420,680 $538,650 $651,050 $809,150
IRON $420,680 $538,650 $651,050 $809,150
JACKSON $431,250 $552,050 $667,350 $829,350
JASPER $420,680 $538,650 $651,050 $809,150
JEFFERSON $420,680 $538,650 $651,050 $809,150
JOHNSON $420,680 $538,650 $651,050 $809,150
KNOX $420,680 $538,650 $651,050 $809,150
LACLEDE $420,680 $538,650 $651,050 $809,150
LAFAYETTE $431,250 $552,050 $667,350 $829,350
LAWRENCE $420,680 $538,650 $651,050 $809,150
LEWIS $420,680 $538,650 $651,050 $809,150
LINCOLN $420,680 $538,650 $651,050 $809,150
LINN $420,680 $538,650 $651,050 $809,150
LIVINGSTON $420,680 $538,650 $651,050 $809,150
MCDONALD $420,680 $538,650 $651,050 $809,150
MACON $420,680 $538,650 $651,050 $809,150
MADISON $420,680 $538,650 $651,050 $809,150
MARIES $420,680 $538,650 $651,050 $809,150
MARION $420,680 $538,650 $651,050 $809,150
MERCER $420,680 $538,650 $651,050 $809,150
MILLER $420,680 $538,650 $651,050 $809,150
MISSISSIPPI $420,680 $538,650 $651,050 $809,150
MONITEAU $420,680 $538,650 $651,050 $809,150
MONROE $420,680 $538,650 $651,050 $809,150
MONTGOMERY $420,680 $538,650 $651,050 $809,150
MORGAN $420,680 $538,650 $651,050 $809,150
NEW MADRID $420,680 $538,650 $651,050 $809,150
NEWTON $420,680 $538,650 $651,050 $809,150
NODAWAY $420,680 $538,650 $651,050 $809,150
OREGON $420,680 $538,650 $651,050 $809,150
OSAGE $420,680 $538,650 $651,050 $809,150
OZARK $420,680 $538,650 $651,050 $809,150
PEMISCOT $420,680 $538,650 $651,050 $809,150
PERRY $420,680 $538,650 $651,050 $809,150
PETTIS $420,680 $538,650 $651,050 $809,150
PHELPS $420,680 $538,650 $651,050 $809,150
PIKE $420,680 $538,650 $651,050 $809,150
PLATTE $431,250 $552,050 $667,350 $829,350
POLK $420,680 $538,650 $651,050 $809,150
PULASKI $420,680 $538,650 $651,050 $809,150
PUTNAM $420,680 $538,650 $651,050 $809,150
RALLS $420,680 $538,650 $651,050 $809,150
RANDOLPH $420,680 $538,650 $651,050 $809,150
RAY $431,250 $552,050 $667,350 $829,350
REYNOLDS $420,680 $538,650 $651,050 $809,150
RIPLEY $420,680 $538,650 $651,050 $809,150
ST. CHARLES $420,680 $538,650 $651,050 $809,150
ST. CLAIR $420,680 $538,650 $651,050 $809,150
STE. GENEVIEVE $420,680 $538,650 $651,050 $809,150
ST. FRANCOIS $420,680 $538,650 $651,050 $809,150
ST. LOUIS $420,680 $538,650 $651,050 $809,150
SALINE $420,680 $538,650 $651,050 $809,150
SCHUYLER $420,680 $538,650 $651,050 $809,150
SCOTLAND $420,680 $538,650 $651,050 $809,150
SCOTT $420,680 $538,650 $651,050 $809,150
SHANNON $420,680 $538,650 $651,050 $809,150
SHELBY $420,680 $538,650 $651,050 $809,150
STODDARD $420,680 $538,650 $651,050 $809,150
STONE $420,680 $538,650 $651,050 $809,150
SULLIVAN $420,680 $538,650 $651,050 $809,150
TANEY $420,680 $538,650 $651,050 $809,150
TEXAS $420,680 $538,650 $651,050 $809,150
VERNON $420,680 $538,650 $651,050 $809,150
WARREN $420,680 $538,650 $651,050 $809,150
WASHINGTON $420,680 $538,650 $651,050 $809,150
WAYNE $420,680 $538,650 $651,050 $809,150
WEBSTER $420,680 $538,650 $651,050 $809,150
WORTH $420,680 $538,650 $651,050 $809,150
WRIGHT $420,680 $538,650 $651,050 $809,150
ST. LOUIS CITY $420,680 $538,650 $651,050 $809,150

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