Anaheim FHA Loans

ANAHEIM-SANTA ANA-IRVINE, CA

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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.

    Anaheim's 144 lenders originated 3,701 FHA loans during 2021. The total origination value was $1,861,345,000, with an average FHA loan value of $502,930.

    Anaheim FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Anaheim averaged 4.7% for the week of 2022-03-25, compared to the national average (all FHA variants) of 4.648% for the same period.

    The average rate for the prior week (2022-03-18) was 4.31% and one month ago for the week of 2022-02-18, the average rate was 3.94%.

    The average rate one year ago was 3.38%.

    For refis of the same type during the week of 2022-03-25, the average rate was 4.4%.

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

    Anaheim FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Anaheim level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    UNITED WHOLESALE MORTGAGE, LLC 284 2.72% $15,515
    QUICKEN LOANS, LLC 256 2.59% $11,799
    FREEDOM MORTGAGE CORPORATION 109 2.62% $9,891
    LOANDEPOT.COM, LLC 92 2.83% $16,049
    LAKEVIEW LOAN SERVICING, LLC 83 2.71% $9,740
    CALIBER HOME LOANS, INC. 82 2.69% $13,337
    BROKER SOLUTIONS, INC. 72 3.07% $15,056
    Mr. Cooper ( Nationstar Mortgage ) 66 2.86% $8,951
    HOME POINT FINANCIAL CORPORATION 65 2.55% $13,075
    FINANCE OF AMERICA MORTGAGE LLC 52 2.76% $16,049
    OCMBC, INC. 51 2.92% $14,351
    PENNYMAC LOAN SERVICES, LLC 50 2.89% $11,994
    AMERICAN FINANCIAL NETWORK, INC. 50 2.91% $20,114
    Carrington Mortgage Services, LLC 41 3.22% $17,374
    Lakeview Community Capital, LLC 39 2.64% $9,090
    NEWREZ LLC 38 2.70% $12,464
    HOMEBRIDGE FINANCIAL SERVICES, INC. 36 2.68% $13,867
    CROSSCOUNTRY MORTGAGE, LLC 35 2.82% $16,750
    Equity Prime Mortgage LLC 35 3.17% $17,761
    VILLAGE CAPITAL & INVESTMENT LLC 30 2.50% $6,061
    SUN WEST MORTGAGE COMPANY, INC. 30 2.96% $14,969
    HOME APPROVALS DIRECT, INC. 27 3.06% $22,935
    Paramount Residential Mortgage Group, Inc. 26 2.72% $17,052
    CMG MORTGAGE, INC. 25 2.93% $18,340
    PLANET HOME LENDING, LLC 23 2.72% $12,094
    Flagstar Bank, FSB 23 2.80% $12,081
    NATIONS DIRECT MORTGAGE, LLC 21 2.91% $19,873
    BECKAM FUNDING CORP. 21 3.90% $27,807
    WESTERN EXPRESS LENDING 21 2.63% $15,172
    GUILD MORTGAGE COMPANY 20 2.75% $14,427
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 19 3.00% $14,215
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 19 3.13% $17,951
    Commerce Home Mortgage, Inc. 16 2.96% $15,209
    CELEBRITY HOME LOANS, LLC 15 3.01% $14,355
    VISION ONE MORTGAGE, INC. 15 3.14% $11,680
    AMERICAN PACIFIC MORTGAGE CORPORATION 14 3.05% $18,380
    CALCULATED RISK ANALYTICS LLC 14 2.96% $14,235
    GUARANTEED RATE, INC. 14 2.77% $13,541
    LADERA LENDING, INC. 13 2.91% $13,865
    InterContinental Capital Group, Inc 13 2.63% $11,834
    First Guaranty Mortgage Corporation 13 2.96% $13,888
    Home Mortgage Alliance Corp 12 2.82% $21,363
    Franklin Loan Corporation 12 3.14% $16,994
    Hometown Equity Mortgage, LLC 11 2.94% $21,368
    AmeriHome Mortgage Company, LLC 11 2.63% $11,997
    Golden Empire Mortgage, Inc. 11 2.86% $18,807
    MOUNTAIN WEST FINANCIAL, INC. 10 2.95% $19,056
    AMERISAVE MORTGAGE CORPORATION 10 2.65% $15,443
    Hometown Lenders, Inc. 10 2.90% $21,062
    STEARNS LENDING, LLC 9 3.04% $12,145
    DATA MORTGAGE, INC. 9 2.90% $17,756
    JMAC LENDING, INC. 8 2.97% $15,465
    PRIMELENDING, A PLAINSCAPITAL COMPANY 8 2.92% $15,861
    JMJ FINANCIAL GROUP 8 2.83% $20,899
    AHL FUNDING 7 3.02% $20,578
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 7 2.66% $13,931
    Sierra Pacific Mortgage Company, Inc. 7 2.77% $13,680
    South Pacific Financial Corporation 6 2.71% $18,058
    CORNERSTONE HOME LENDING, INC. 6 3.17% $16,507
    GENEVA FINANCIAL, LLC 6 3.02% $16,070
    LENDING 3, INC. 6 3.23% $14,993
    BEST CAPITAL FUNDING 6 2.75% $11,860
    RESIDENTIAL BANCORP. 6 3.14% $19,230
    LOANLEADERS OF AMERICA, INC. 5 2.68% $10,814
    SOVEREIGN LENDING GROUP INCORPORATED 5 2.65% $12,489
    ONY GLO, INC. 5 2.70% $14,360
    DIGNIFIED HOME LOANS, LLC 5 2.40% $8,189
    MUTUAL OF OMAHA MORTGAGE, INC. 5 2.63% $11,927
    U.S. Bank 5 2.97% $16,301
    MOVEMENT MORTGAGE, LLC 4 2.88% $10,106
    CIT Bank 4 2.91% $18,974
    INTERNATIONAL CITY MORTGAGE, INC. 4 2.81% $18,357
    SUMMIT FUNDING, INC. 4 3.03% $18,819
    GUARANTEED RATE AFFINITY, LLC 4 2.78% $16,311
    ML Mortgage Corp. 4 2.81% $18,862
    KBHS HOME LOANS, LLC 3 2.63% $17,511
    The Federal Savings Bank 3 3.04% $13,613
    LENDUS, LLC 3 2.96% $18,612
    WALL FINANCIAL, INC. 3 2.92% $17,610
    First Standard Financial Corp. 3 3.17% $17,287
    NMSI, INC. 3 3.17% $17,287
    LOANPAL, LLC 3 2.54% $15,035
    OPEN MORTGAGE, LLC 3 2.79% $12,987
    MEGA CAPITAL FUNDING, INC. 3 2.96% $18,022
    iCore Lending, Inc. 3 3.13% $27,947
    INSPIRE HOME LOANS INC. 3 2.75% $13,189
    PANORAMA MORTGAGE GROUP, LLC 3 3.04% $15,782
    Century Mortgage Company DBA Century Lending Company 3 3.00% $13,287
    EAGLE HOME MORTGAGE, LLC 3 3.04% $18,920
    ST FIN CORP 3 3.33% $20,984
    HOMEOWNERS FIRST MORTGAGE, LLC 2 3.25% $18,052
    HOMESIDE FINANCIAL, LLC 2 2.81% $12,668
    IAPPROVE LENDING 2 2.69% $11,761
    LENOX FINANCIAL MORTGAGE CORPORATION 2 2.88% $8,248
    MASON MCDUFFIE MORTGAGE CORPORATION 2 2.50% $14,463
    MICHIGAN MUTUAL, INC. 2 2.56% $12,185
    MID AMERICA MORTGAGE, INC. 2 3.25% $3,243
    MUFG Union Bank 2 2.44% $13,472
    NEW WEST LENDING, INC. 2 2.50% $12,621
    NEXERA HOLDING LLC 2 2.88% $9,676
    PLAZA HOME MORTGAGE, INC. 2 3.13% $14,264
    Prime Choice Funding Inc. 2 2.69% $9,126
    Barrington Bank & Trust Company, N.A. 2 3.23% $18,469
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 2 2.31% $11,569
    ZILLOW HOME LOANS, LLC 2 2.75% $12,087
    Bank of America 2 3.31% $13,158
    TOP FLITE FINANCIAL, INC. 2 2.69% $27,817
    AMERIFIRST FINANCIAL CORPORATION 2 3.31% $22,500
    ALAMEDA MORTGAGE CORPORATION 2 3.00% $13,995
    HighTechLending Inc 2 2.56% $14,176
    PARKSIDE LENDING, LLC 1 2.50% $9,341
    DIRECT MORTGAGE, CORP. 1 2.75% $24,693
    PHH Mortgage Corporation 1 3.13% $9,667
    BELEM SERVICING LLC 1 2.50% $8,336
    INTELLILOAN, INC. 1 2.25% $7,568
    US MORTGAGE CORPORATION 1 2.25% $16,048
    BAY EQUITY LLC 1 2.88% $11,446
    Prosperity Home Mortgage, LLC 1 3.13% $19,846
    Ameris Bank 1 2.38% $14,290
    Lend Smart Mortgage, LLC 1 2.50% $11,523
    Wells Fargo Bank 1 3.25% $17,512
    Shea Mortgage Inc. 1 2.75% $12,573
    GoPrime Mortgage, Inc. 1 3.00% $29,034
    LAND HOME FINANCIAL SERVICES, INC. 1 2.25% $12,429
    EVERETT FINANCIAL, INC. 1 2.63% $13,902
    Watermark Capital, Inc. 1 2.63% $14,379
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 2.99% $16,263
    Strong Home Mortgage, LLC 1 3.25% $793
    JPMorgan Chase Bank 1 2.63% $23,428
    AUGUSTA FINANCIAL, INC. 1 2.50% $16,255
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 2.38% $15,867
    Waterstone Mortgage Corporation 1 3.13% $24,468
    TOTAL MORTGAGE SERVICES, LLC 1 3.25% $7,520
    ANGEL OAK HOME LOANS LLC 1 2.50% $9,136
    NFM, INC. 1 3.63% $12,902
    NETWORK CAPITAL FUNDING CORPORATION 1 3.63% $34,385
    NP, Inc. 1 2.50% $35,072
    NuVision Federal Credit Union 1 2.63% $17,986
    OCEANSIDE MORTGAGE COMPANY 1 2.25% $4,724
    Neighborhood Loans, Inc. 1 2.25% $16,109
    CITYWIDE HOME LOANS, LLC 1 2.99% $13,570
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.25% $35,448
    MK LENDING CORP. 1 2.63% $10,030
    CAMPOS FINANCIAL CORP. 1 3.00% $15,225

    The top Anaheim FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 284 FHA loans originated. Their average total fees are $15,515, which is $3,716 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Anaheim FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL & INVESTMENT LLC ($6,061), Mr. Cooper ( Nationstar Mortgage ) ($8,951), Lakeview Community Capital, LLC ($9,090), LAKEVIEW LOAN SERVICING, LLC ($9,740) and FREEDOM MORTGAGE CORPORATION ($9,891).

    The lowest rate Anaheim FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL & INVESTMENT LLC (2.50%), HOME POINT FINANCIAL CORPORATION (2.55%), QUICKEN LOANS, LLC (2.59%), FREEDOM MORTGAGE CORPORATION (2.62%) and AmeriHome Mortgage Company, LLC (2.63%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Anaheim (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $750,000 (7.2%) $1,704,827 (13.9%) 2.76 13,152
    2018-02-01 $759,000 (5.2%) $1,690,988 (10.1%) 2.74 14,314
    2018-03-01 $780,525 (4.2%) $1,685,936 (5.9%) 2.70 15,072
    2018-04-01 $799,650 (4.5%) $1,679,819 (4.4%) 2.68 16,519
    2018-05-01 $799,000 (2.4%) $1,674,828 (3.3%) 2.66 17,879
    2018-06-01 $799,000 (2.6%) $1,655,352 (3.0%) 2.66 19,472
    2018-07-01 $789,900 (1.9%) $1,620,030 (2.3%) 2.63 21,054
    2018-08-01 $764,450 (1.9%) $1,557,509 (-1.0%) 2.55 22,044
    2018-09-01 $749,900 (0.0%) $1,527,636 (-2.9%) 2.51 23,032
    2018-10-01 $747,000 (-0.3%) $1,521,712 (-5.2%) 2.50 23,786
    2018-11-01 $736,500 (-1.8%) $1,510,278 (-7.1%) 2.47 23,801
    2018-12-01 $725,000 (-3.3%) $1,532,443 (-9.6%) 2.48 21,112
    2019-01-01 $719,450 (-4.1%) $1,531,943 (-10.1%) 2.48 19,800
    2019-02-01 $727,450 (-4.2%) $1,561,643 (-7.7%) 2.44 20,330
    2019-03-01 $755,238 (-3.2%) $1,601,897 (-5.0%) 2.46 20,590
    2019-04-01 $777,944 (-2.7%) $1,626,218 (-3.2%) 2.45 20,862
    2019-05-01 $796,500 (-0.3%) $1,662,469 (-0.7%) 2.45 22,084
    2019-06-01 $799,000 (0.0%) $1,649,945 (-0.3%) 2.46 22,395
    2019-07-01 $801,408 (1.5%) $1,660,124 (2.5%) 2.49 22,744
    2019-08-01 $805,466 (5.4%) $1,682,605 (8.0%) 2.53 22,104
    2019-09-01 $808,558 (7.8%) $1,713,091 (12.1%) 2.57 21,250
    2019-10-01 $814,028 (9.0%) $1,729,224 (13.6%) 2.60 20,218
    2019-11-01 $799,999 (8.6%) $1,771,138 (17.3%) 2.58 18,278
    2019-12-01 $819,500 (13.0%) $1,880,098 (22.7%) 2.73 14,599
    2020-01-01 $825,000 (14.7%) $1,923,283 (25.6%) 2.75 13,119
    2020-02-01 $897,887 (23.4%) $2,042,529 (30.8%) 2.90 13,041
    2020-03-01 $938,950 (24.3%) $2,071,651 (29.3%) 2.93 12,997
    2020-04-01 $862,500 (10.9%) $1,861,886 (14.5%) 2.69 13,560
    2020-05-01 $879,000 (10.4%) $1,832,228 (10.2%) 2.66 15,392
    2020-06-01 $939,000 (17.5%) $1,969,985 (19.4%) 2.74 15,247
    2020-07-01 $959,500 (19.7%) $2,048,055 (23.4%) 2.75 14,680
    2020-08-01 $974,000 (20.9%) $2,044,766 (21.5%) 2.78 14,472
    2020-09-01 $987,495 (22.1%) $2,130,769 (24.4%) 2.82 14,657
    2020-10-01 $985,000 (21.0%) $2,137,090 (23.6%) 2.81 14,901
    2020-11-01 $997,000 (24.6%) $2,208,662 (24.7%) 2.85 14,544
    2020-12-01 $999,000 (21.9%) $2,308,568 (22.8%) 2.93 12,120
    2021-01-01 $999,000 (21.1%) $2,398,286 (24.7%) 2.94 10,444
    2021-02-01 $999,950 (11.4%) $2,459,500 (20.4%) 2.88 10,081
    2021-03-01 $999,495 (6.5%) $2,455,623 (18.5%) 2.80 9,700
    2021-04-01 $988,750 (14.6%) $2,369,842 (27.3%) 2.66 9,754
    2021-05-01 $959,000 (9.1%) $2,283,691 (24.6%) 2.52 9,755
    2021-06-01 $955,000 (1.7%) $2,255,008 (14.5%) 2.48 10,213
    2021-07-01 $949,500 (-1.0%) $2,191,399 (7.0%) 2.47 11,049
    2021-08-01 $899,500 (-7.7%) $2,110,119 (3.2%) 2.36 11,229
    2021-09-01 $899,450 (-8.9%) $2,098,742 (-1.5%) 2.37 10,705
    2021-10-01 $899,000 (-8.7%) $2,134,314 (-0.1%) 2.37 10,232
    2021-11-01 $899,000 (-9.8%) $2,176,716 (-1.5%) 2.37 9,090
    2021-12-01 $897,000 (-10.2%) $2,299,565 (-0.4%) 2.39 7,266
    2022-01-01 $899,000 (-10.0%) $2,438,265 (1.7%) 2.40 6,201
    Anaheim's median listing price for 2022-01-01 was $899,000, a difference of $-100,000 (-10.0%) versus the prior year and $2,000 versus the prior month.

    Anaheim's median listing price comes in at 240% of the national average.

    Anaheim's average listing price for 2022-01-01 was $2,438,265, a difference of $39,979 (1.7%) versus the prior year and $138,700 versus the prior month.

    For the 2022-01-01 period, Anaheim had 6,201 MLS listings, a difference of -1,065 listings (-15%) versus the prior month and -4,243 listings (-41%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Anaheim (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 48 days 1,859 sqft
    2018-02-01 30 days 1,867 sqft
    2018-03-01 31 days 1,881 sqft
    2018-04-01 32 days 1,907 sqft
    2018-05-01 31 days 1,916 sqft
    2018-06-01 33 days 1,909 sqft
    2018-07-01 36 days 1,899 sqft
    2018-08-01 37 days 1,851 sqft
    2018-09-01 40 days 1,822 sqft
    2018-10-01 41 days 1,799 sqft
    2018-11-01 45 days 1,777 sqft
    2018-12-01 54 days 1,759 sqft
    2019-01-01 57 days 1,751 sqft
    2019-02-01 41 days 1,758 sqft
    2019-03-01 45 days 1,796 sqft
    2019-04-01 43 days 1,833 sqft
    2019-05-01 43 days 1,863 sqft
    2019-06-01 45 days 1,879 sqft
    2019-07-01 47 days 1,894 sqft
    2019-08-01 47 days 1,884 sqft
    2019-09-01 52 days 1,873 sqft
    2019-10-01 51 days 1,870 sqft
    2019-11-01 53 days 1,864 sqft
    2019-12-01 62 days 1,865 sqft
    2020-01-01 65 days 1,865 sqft
    2020-02-01 38 days 1,933 sqft
    2020-03-01 38 days 1,965 sqft
    2020-04-01 46 days 1,853 sqft
    2020-05-01 56 days 1,864 sqft
    2020-06-01 43 days 1,905 sqft
    2020-07-01 41 days 1,911 sqft
    2020-08-01 39 days 1,892 sqft
    2020-09-01 36 days 1,896 sqft
    2020-10-01 36 days 1,884 sqft
    2020-11-01 43 days 1,868 sqft
    2020-12-01 51 days 1,861 sqft
    2021-01-01 54 days 1,855 sqft
    2021-02-01 36 days 1,846 sqft
    2021-03-01 33 days 1,853 sqft
    2021-04-01 33 days 1,845 sqft
    2021-05-01 34 days 1,808 sqft
    2021-06-01 33 days 1,797 sqft
    2021-07-01 33 days 1,768 sqft
    2021-08-01 33 days 1,735 sqft
    2021-09-01 36 days 1,729 sqft
    2021-10-01 36 days 1,724 sqft
    2021-11-01 40 days 1,725 sqft
    2021-12-01 45 days 1,725 sqft
    2022-01-01 44 days 1,706 sqft
    Anaheim's median listing age (time on market) for 2022-01-01 was 44 days. This is -19% shorter than the same period one year ago.

    Anaheim's median square footage for active listings during the 2022-01-01 period was 1,706 sqft. One year prior, the average listing was 1,855 sqft.

    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).