Anaheim FHA Loan Rates, Closing Costs & Stats

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 FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Anaheim averaged 0% for the week of 2023-11-03, compared to the national average (all FHA variants) of 7.405% for the same period.

    Anaheim's average FHA mortgage closing costs are $0.

    The average rate for the prior week (2023-10-27) was 0% and one month ago for the week of 2023-09-29, the average rate was 0%.

    The average rate one year ago was 0%.

    For refis of the same type during the week of 2023-11-03, the average rate was 0%.

    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/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Anaheim level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs

    The lowest fee Anaheim FHA lenders (with over 10 loans originated) are .

    The lowest rate Anaheim FHA lenders (with over 10 loans originated) are .

    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 $778,750 (9.8%) $1,736,504 (14.7%) 2.89 12,709
    2018-02-01 $789,444 (7.9%) $1,725,793 (11.2%) 2.87 13,762
    2018-03-01 $799,900 (5.8%) $1,721,381 (6.8%) 2.81 14,582
    2018-04-01 $825,000 (6.5%) $1,701,526 (4.8%) 2.80 15,991
    2018-05-01 $824,450 (3.9%) $1,702,166 (4.0%) 2.75 17,287
    2018-06-01 $820,000 (4.3%) $1,686,287 (3.7%) 2.73 18,773
    2018-07-01 $799,975 (2.7%) $1,651,547 (2.9%) 2.67 20,304
    2018-08-01 $784,450 (2.0%) $1,584,772 (-1.3%) 2.63 21,230
    2018-09-01 $769,200 (0.0%) $1,559,038 (-3.0%) 2.59 22,128
    2018-10-01 $762,500 (-0.5%) $1,557,410 (-4.8%) 2.58 22,809
    2018-11-01 $753,500 (-2.1%) $1,549,112 (-6.9%) 2.55 22,803
    2018-12-01 $749,000 (-3.8%) $1,569,118 (-9.7%) 2.58 20,249
    2019-01-01 $741,250 (-4.8%) $1,567,497 (-9.7%) 2.56 18,976
    2019-02-01 $749,450 (-5.1%) $1,602,067 (-7.2%) 2.53 19,544
    2019-03-01 $770,571 (-3.7%) $1,632,503 (-5.2%) 2.52 19,912
    2019-04-01 $798,500 (-3.2%) $1,651,016 (-3.0%) 2.54 20,309
    2019-05-01 $805,000 (-2.4%) $1,679,899 (-1.3%) 2.52 21,471
    2019-06-01 $825,000 (0.6%) $1,677,918 (-0.5%) 2.58 21,742
    2019-07-01 $829,950 (3.8%) $1,689,230 (2.3%) 2.60 22,094
    2019-08-01 $836,091 (6.6%) $1,703,706 (7.5%) 2.65 21,519
    2019-09-01 $837,727 (8.9%) $1,727,483 (10.8%) 2.68 20,561
    2019-10-01 $836,818 (9.8%) $1,750,078 (12.4%) 2.70 19,671
    2019-11-01 $835,000 (10.8%) $1,809,367 (16.8%) 2.74 17,778
    2019-12-01 $845,000 (12.8%) $1,896,057 (20.8%) 2.82 14,152
    2020-01-01 $849,000 (14.5%) $1,956,413 (24.8%) 2.84 12,822
    2020-02-01 $889,000 (18.6%) $1,993,844 (24.5%) 2.91 12,891
    2020-03-01 $908,500 (17.9%) $2,004,069 (22.8%) 2.85 12,819
    2020-04-01 $855,000 (7.1%) $1,829,547 (10.8%) 2.68 13,319
    2020-05-01 $875,000 (8.7%) $1,820,358 (8.4%) 2.66 15,151
    2020-06-01 $917,000 (11.2%) $1,918,493 (14.3%) 2.70 15,155
    2020-07-01 $947,000 (14.1%) $2,002,816 (18.6%) 2.74 14,649
    2020-08-01 $950,000 (13.6%) $2,039,166 (19.7%) 2.72 14,426
    2020-09-01 $949,495 (13.3%) $2,019,549 (16.9%) 2.72 14,546
    2020-10-01 $949,500 (13.5%) $2,028,792 (15.9%) 2.72 14,837
    2020-11-01 $949,500 (13.7%) $2,057,568 (13.7%) 2.78 14,197
    2020-12-01 $949,450 (12.4%) $2,167,414 (14.3%) 2.83 12,033
    2021-01-01 $950,000 (11.9%) $2,271,561 (16.1%) 2.84 10,268
    2021-02-01 $969,000 (9.0%) $2,348,451 (17.8%) 2.82 9,944
    2021-03-01 $970,000 (6.8%) $2,318,254 (15.7%) 2.75 9,753
    2021-04-01 $974,925 (14.0%) $2,285,108 (24.9%) 2.64 9,784
    2021-05-01 $975,000 (11.4%) $2,295,012 (26.1%) 2.59 9,726
    2021-06-01 $966,950 (5.5%) $2,268,145 (18.2%) 2.55 10,228
    2021-07-01 $949,999 (0.3%) $2,184,845 (9.1%) 2.51 11,067
    2021-08-01 $921,223 (-3.0%) $2,131,113 (4.5%) 2.46 11,122
    2021-09-01 $912,100 (-3.9%) $2,120,682 (5.0%) 2.43 10,569
    2021-10-01 $925,000 (-2.6%) $2,167,961 (6.9%) 2.47 10,089
    2021-11-01 $910,000 (-4.2%) $2,219,415 (7.9%) 2.43 8,871
    2021-12-01 $909,725 (-4.2%) $2,347,834 (8.3%) 2.47 7,097
    2022-01-01 $920,000 (-3.2%) $2,487,238 (9.5%) 2.49 6,105
    2022-02-01 $949,019 (-2.1%) $2,521,011 (7.4%) 2.47 6,506
    2022-03-01 $975,000 (0.5%) $2,457,614 (6.0%) 2.44 6,938
    2022-04-01 $980,000 (0.5%) $2,351,919 (2.9%) 2.34 7,541
    2022-05-01 $992,875 (1.8%) $2,244,648 (-2.2%) 2.27 10,013
    2022-06-01 $996,500 (3.1%) $2,152,879 (-5.1%) 2.22 11,977
    2022-07-01 $970,000 (2.1%) $2,020,314 (-7.5%) 2.19 14,722
    2022-08-01 $950,000 (3.1%) $1,962,449 (-7.9%) 2.20 15,038
    2022-09-01 $949,450 (4.1%) $1,976,198 (-6.8%) 2.22 14,466
    2022-10-01 $940,000 (1.6%) $1,966,289 (-9.3%) 2.21 14,600
    2022-11-01 $933,944 (2.6%) $2,000,023 (-9.9%) 2.25 14,345
    2022-12-01 $935,000 (2.8%) $2,089,845 (-11.0%) 2.31 12,280
    2023-01-01 $938,458 (2.0%) $2,182,624 (-12.3%) 2.33 10,562
    2023-02-01 $973,500 (2.6%) $2,408,719 (-4.5%) 2.35 9,824
    2023-03-01 $999,500 (2.5%) $2,533,452 (3.1%) 2.36 9,240
    2023-04-01 $1,099,999 (12.2%) $2,633,826 (12.0%) 2.56 8,854
    2023-05-01 $1,150,222 (15.9%) $2,688,766 (19.8%) 2.61 9,036
    2023-06-01 $1,172,450 (17.7%) $2,666,379 (23.9%) 2.63 9,489
    2023-07-01 $1,195,000 (23.2%) $2,668,889 (32.1%) 2.72 9,992
    2023-08-01 $1,162,500 (22.4%) $2,581,695 (31.6%) 2.67 10,503
    2023-09-01 $1,175,000 (23.8%) $2,578,895 (30.5%) 2.74 10,611
    Anaheim's median listing price for 2023-09-01 was $1,175,000, a difference of $225,550 (23.8%) versus the prior year and $12,500 versus the prior month.

    Anaheim's median listing price comes in at 274% of the national average.

    Anaheim's average listing price for 2023-09-01 was $2,578,895, a difference of $602,697 (30.5%) versus the prior year and $-2,800 versus the prior month.

    For the 2023-09-01 period, Anaheim had 10,611 MLS listings, a difference of 108 listings (1%) versus the prior month and -3,855 listings (-27%) 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 46 days 1,865 sqft
    2018-02-01 30 days 1,876 sqft
    2018-03-01 31 days 1,889 sqft
    2018-04-01 31 days 1,907 sqft
    2018-05-01 30 days 1,913 sqft
    2018-06-01 32 days 1,906 sqft
    2018-07-01 35 days 1,898 sqft
    2018-08-01 37 days 1,849 sqft
    2018-09-01 39 days 1,818 sqft
    2018-10-01 41 days 1,797 sqft
    2018-11-01 44 days 1,778 sqft
    2018-12-01 54 days 1,765 sqft
    2019-01-01 57 days 1,750 sqft
    2019-02-01 40 days 1,756 sqft
    2019-03-01 41 days 1,795 sqft
    2019-04-01 43 days 1,830 sqft
    2019-05-01 43 days 1,857 sqft
    2019-06-01 45 days 1,876 sqft
    2019-07-01 47 days 1,889 sqft
    2019-08-01 48 days 1,883 sqft
    2019-09-01 50 days 1,875 sqft
    2019-10-01 51 days 1,865 sqft
    2019-11-01 53 days 1,861 sqft
    2019-12-01 64 days 1,860 sqft
    2020-01-01 64 days 1,864 sqft
    2020-02-01 44 days 1,901 sqft
    2020-03-01 44 days 1,920 sqft
    2020-04-01 51 days 1,831 sqft
    2020-05-01 59 days 1,844 sqft
    2020-06-01 48 days 1,871 sqft
    2020-07-01 46 days 1,886 sqft
    2020-08-01 44 days 1,874 sqft
    2020-09-01 45 days 1,853 sqft
    2020-10-01 45 days 1,841 sqft
    2020-11-01 50 days 1,823 sqft
    2020-12-01 62 days 1,814 sqft
    2021-01-01 63 days 1,808 sqft
    2021-02-01 43 days 1,800 sqft
    2021-03-01 39 days 1,799 sqft
    2021-04-01 40 days 1,807 sqft
    2021-05-01 38 days 1,806 sqft
    2021-06-01 36 days 1,786 sqft
    2021-07-01 35 days 1,760 sqft
    2021-08-01 36 days 1,725 sqft
    2021-09-01 39 days 1,719 sqft
    2021-10-01 38 days 1,720 sqft
    2021-11-01 43 days 1,714 sqft
    2021-12-01 49 days 1,714 sqft
    2022-01-01 45 days 1,693 sqft
    2022-02-01 30 days 1,699 sqft
    2022-03-01 30 days 1,722 sqft
    2022-04-01 29 days 1,732 sqft
    2022-05-01 29 days 1,729 sqft
    2022-06-01 31 days 1,737 sqft
    2022-07-01 33 days 1,703 sqft
    2022-08-01 41 days 1,701 sqft
    2022-09-01 47 days 1,704 sqft
    2022-10-01 47 days 1,702 sqft
    2022-11-01 51 days 1,702 sqft
    2022-12-01 61 days 1,712 sqft
    2023-01-01 68 days 1,704 sqft
    2023-02-01 52 days 1,737 sqft
    2023-03-01 46 days 1,757 sqft
    2023-04-01 44 days 1,792 sqft
    2023-05-01 39 days 1,814 sqft
    2023-06-01 39 days 1,830 sqft
    2023-07-01 41 days 1,852 sqft
    2023-08-01 41 days 1,832 sqft
    2023-09-01 45 days 1,830 sqft
    Anaheim's median listing age (time on market) for 2023-09-01 was 45 days. This is -3% shorter than the same period one year ago.

    Anaheim's median square footage for active listings during the 2023-09-01 period was 1,830 sqft. One year prior, the average listing was 1,704 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).