FHA Loans (Investor Angle) in St. Louis, MO
Loan-size math and qualifying analysis for FHA financing on St. Louis's $186k median home value. Strong fit.
Strong fit for St. Louis.
St. Louis medians ($186k) sit below FHA loan limits in most counties, and rental fit (86/100) makes house-hacking 2-4 unit FHA acquisition viable here.
Payment on St. Louis's $186k median.
| Median home value (St. Louis) | $186,427 |
| Assumed LTV | 97% |
| Loan amount | $179,902 |
| Cash to close (down payment) | $6,525 |
| Assumed rate | 6.75% |
| Term | 30-year amortizing |
| Monthly P&I | $1,167/mo |
FHA financing — the mechanics.
A residential mortgage insured by the Federal Housing Administration. Low down-payment + flexible credit. Critically for investors: FHA loans are assumable — a new buyer can take over the original loan with the same rate and terms (subject to lender approval).
Original FHA: 580+ FICO, 3.5% down, owner-occupancy required at origination. Assumption: new buyer needs ~$500-1,500 fee + creditworthiness check + occupancy intent.
How Missouri law affects this loan.
Missouri is landlord-friendly on landlord-tenant law. See full FHA in Missouri breakdown.
Frequently asked.
What's the typical FHA loan size for a property in St. Louis?
On St. Louis's $186k median home value, a FHA loan at the standard 97% LTV would be approximately $180k, requiring $7k down.
What's the monthly payment on a typical FHA loan in St. Louis?
Fully-amortizing 30-year payment on a $180k FHA loan at the typical rate of 6.75% would be approximately $1k/month, excluding taxes and insurance.
Is St. Louis a good market for FHA financing?
St. Louis medians ($186k) sit below FHA loan limits in most counties, and rental fit (86/100) makes house-hacking 2-4 unit FHA acquisition viable here.
What credit and reserves do FHA lenders require for St. Louis properties?
Original FHA: 580+ FICO, 3.5% down, owner-occupancy required at origination. Assumption: new buyer needs ~$500-1,500 fee + creditworthiness check + occupancy intent.
Compare financing options.
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ConventionalStandard Fannie Mae / Freddie Mac investment-property mortgages. Cheapest cost of capital but capped...
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