Chico FHA Loan Rates, Closing Costs & Stats

CHICO, CA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Loan Limits
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Chico's 59 lenders originated 435 FHA loans during 2024. The total origination value was $135,345,000, with an average FHA loan value of $311,138.

    Chico FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Chico averaged 6.48% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Chico's average FHA mortgage closing costs are $10,002.

    The average rate for the prior week (2025-03-28) was 6.28% and one month ago for the week of 2025-02-28, the average rate was 6.46%.

    The average rate one year ago was 6.78%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.05%.

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

    Chico 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 Chico level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 58 6.12% $13,592
    MASON MCDUFFIE MORTGAGE CORPORATION 35 6.30% $12,596
    NEWREZ LLC 31 6.11% $13,148
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 25 6.45% $15,678
    QUICKEN LOANS, LLC 23 6.20% $12,321
    Plains Commerce Bank 21 6.38% $15,724
    Commerce Home Mortgage, Inc. 17 6.13% $15,147
    Century Mortgage Company DBA Century Lending Company 15 6.17% $12,297
    Paramount Residential Mortgage Group, Inc. 12 6.10% $13,901
    PREMIER MORTGAGE RESOURCES, L.L.C. 11 6.60% $12,596
    Sierra Pacific Mortgage Company, Inc. 10 6.34% $17,426
    DHI MORTGAGE COMPANY, LTD. 10 5.04% $11,183
    GUILD MORTGAGE COMPANY 9 6.78% $12,890
    FREEDOM MORTGAGE CORPORATION 9 6.44% $12,143
    MOVEMENT MORTGAGE, LLC 7 6.39% $17,042
    Equity Prime Mortgage LLC 6 5.71% $11,692
    BROKER SOLUTIONS, INC. 5 7.00% $13,322
    PENNYMAC LOAN SERVICES, LLC 5 6.35% $10,384
    American Mortgage & Equity Consultants, Inc. 5 6.23% $14,124
    MORTGAGEONE, INC. 4 6.44% $14,189
    Flagstar Bank, FSB 3 5.97% $10,257
    AMERISAVE MORTGAGE CORPORATION 3 6.58% $15,309
    AMERICAN FINANCIAL NETWORK, INC. 3 7.46% $14,768
    PLAZA HOME MORTGAGE, INC. 3 7.58% $12,385
    SUN WEST MORTGAGE COMPANY, INC. 3 5.92% $15,703
    LOANDEPOT.COM, LLC 2 6.43% $14,644
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.88% $15,846
    LAKEVIEW LOAN SERVICING, LLC 2 6.94% $5,417
    INFINITY EQUITY GROUP, INC. 2 6.50% $14,588
    The Loan Store, Inc. 2 6.62% $18,713
    VILLAGE CAPITAL MORTGAGE 2 6.19% $4,205
    MID AMERICA MORTGAGE, INC. 2 7.19% $11,815
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.50% $16,063
    GUARANTEED RATE, INC. 2 6.13% $12,501
    CROSSCOUNTRY MORTGAGE, LLC 1 7.75% $21,907
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.25% $17,104
    NBKC BANK 1 6.13% $6,658
    CMG MORTGAGE, INC. 1 5.63% $12,304
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 5.75% $11,166
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.25% $10,680
    Carrington Mortgage Services, LLC 1 7.63% $7,787
    CANOPY MORTGAGE, LLC 1 6.75% $18,033
    PLANET HOME LENDING, LLC 1 5.99% $9,132
    CALCON MUTUAL MORTGAGE LLC 1 6.75% $20,344
    Bank of America 1 5.63% $5,409
    SUMMIT FUNDING, INC. 1 6.63% $17,146
    Wells Fargo Bank 1 5.50% $13,390
    AMERICAN FINANCIAL RESOURCES, INC. 1 4.75% $15,809
    VERITAS FUNDING, LLC 1 6.00% $11,258
    FIRST COLONY MORTGAGE CORPORATION 1 5.25% $10,700
    OPEN MORTGAGE, LLC 1 6.25% $20,245
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.25% $5,551
    Home Mortgage Alliance Corp 1 6.00% $10,657
    HOMESIDE FINANCIAL, LLC 1 5.99% $25,780
    LAND HOME FINANCIAL SERVICES, INC. 1 6.63% $8,219
    LOANPAL, LLC 1 5.50% $17,989
    EVERETT FINANCIAL, INC. 1 7.13% $11,638
    EMBRACE HOME LOANS, INC. 1 6.75% $8,783
    Mortgage Research Center, LLC 1 4.88% $5,678

    The top Chico FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 58 FHA loans originated. Their average total fees are $13,592, which is $996 higher than the next largest lender, MASON MCDUFFIE MORTGAGE CORPORATION.

    The lowest fee Chico FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($11,183), Century Mortgage Company DBA Century Lending Company ($12,297), QUICKEN LOANS, LLC ($12,321), MASON MCDUFFIE MORTGAGE CORPORATION ($12,596) and PREMIER MORTGAGE RESOURCES, L.L.C. ($12,596).

    The lowest rate Chico FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.04%), Paramount Residential Mortgage Group, Inc. (6.10%), NEWREZ LLC (6.11%), UNITED WHOLESALE MORTGAGE, LLC (6.12%) and Commerce Home Mortgage, Inc. (6.13%).

    Chico FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    CHICO, CA BUTTE 2022 $420,680 $538,650 $651,050 $809,150
    CHICO, CA BUTTE 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Chico (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 $287,450 (-0.1%) $381,482 (10.3%) 1.07 415
    2018-02-01 $293,750 (2.1%) $380,820 (7.5%) 1.07 421
    2018-03-01 $329,000 (14.3%) $409,785 (16.6%) 1.15 471
    2018-04-01 $324,950 (12.4%) $390,758 (5.7%) 1.10 521
    2018-05-01 $329,750 (12.2%) $394,626 (4.6%) 1.10 589
    2018-06-01 $319,000 (9.6%) $383,183 (4.3%) 1.06 629
    2018-07-01 $323,475 (12.4%) $387,403 (7.5%) 1.08 679
    2018-08-01 $316,375 (9.9%) $376,846 (3.3%) 1.06 711
    2018-09-01 $315,500 (9.6%) $366,600 (-1.6%) 1.06 731
    2018-10-01 $312,500 (8.3%) $367,177 (-1.3%) 1.06 726
    2018-11-01 $302,438 (5.1%) $370,054 (0.0%) 1.03 574
    2018-12-01 $329,000 (14.3%) $392,817 (4.0%) 1.13 342
    2019-01-01 $334,500 (16.4%) $391,621 (2.7%) 1.16 395
    2019-02-01 $333,125 (13.4%) $384,086 (0.9%) 1.13 412
    2019-03-01 $346,714 (5.4%) $397,138 (-3.1%) 1.13 388
    2019-04-01 $366,214 (12.7%) $416,363 (6.6%) 1.16 400
    2019-05-01 $370,000 (12.2%) $427,475 (8.3%) 1.16 498
    2019-06-01 $369,000 (15.7%) $424,173 (10.7%) 1.15 554
    2019-07-01 $358,255 (10.8%) $421,912 (8.9%) 1.12 613
    2019-08-01 $355,462 (12.4%) $421,463 (11.8%) 1.13 629
    2019-09-01 $352,390 (11.7%) $421,589 (15.0%) 1.13 613
    2019-10-01 $350,000 (12.0%) $421,673 (14.8%) 1.13 585
    2019-11-01 $349,500 (15.6%) $423,281 (14.4%) 1.15 528
    2019-12-01 $351,715 (6.9%) $431,692 (9.9%) 1.17 464
    2020-01-01 $362,500 (8.4%) $445,568 (13.8%) 1.21 389
    2020-02-01 $379,500 (13.9%) $440,942 (14.8%) 1.24 351
    2020-03-01 $389,000 (12.2%) $454,168 (14.4%) 1.22 346
    2020-04-01 $399,000 (9.0%) $466,651 (12.1%) 1.25 347
    2020-05-01 $418,000 (13.0%) $474,953 (11.1%) 1.27 364
    2020-06-01 $424,000 (14.9%) $475,467 (12.1%) 1.25 345
    2020-07-01 $402,500 (12.4%) $479,779 (13.7%) 1.17 305
    2020-08-01 $417,000 (17.3%) $480,119 (13.9%) 1.19 307
    2020-09-01 $399,750 (13.4%) $473,628 (12.3%) 1.15 288
    2020-10-01 $398,000 (13.7%) $460,962 (9.3%) 1.14 308
    2020-11-01 $389,225 (11.4%) $456,687 (7.9%) 1.14 321
    2020-12-01 $399,000 (13.4%) $459,965 (6.6%) 1.19 265
    2021-01-01 $399,550 (10.2%) $465,300 (4.4%) 1.19 243
    2021-02-01 $421,875 (11.2%) $511,847 (16.1%) 1.23 234
    2021-03-01 $417,500 (7.3%) $514,341 (13.3%) 1.18 233
    2021-04-01 $430,250 (7.8%) $547,253 (17.3%) 1.16 224
    2021-05-01 $450,000 (7.7%) $562,905 (18.5%) 1.20 236
    2021-06-01 $452,250 (6.7%) $564,564 (18.7%) 1.19 252
    2021-07-01 $447,000 (11.1%) $550,888 (14.8%) 1.18 282
    2021-08-01 $433,750 (4.0%) $510,201 (6.3%) 1.16 312
    2021-09-01 $437,450 (9.4%) $502,209 (6.0%) 1.17 317
    2021-10-01 $449,000 (12.8%) $541,429 (17.5%) 1.20 324
    2021-11-01 $450,000 (15.6%) $555,696 (21.7%) 1.20 287
    2021-12-01 $449,000 (12.5%) $543,326 (18.1%) 1.22 245
    2022-01-01 $442,500 (10.8%) $541,457 (16.4%) 1.20 198
    2022-02-01 $449,950 (6.7%) $535,830 (4.7%) 1.17 211
    2022-03-01 $449,225 (7.6%) $523,628 (1.8%) 1.12 226
    2022-04-01 $480,000 (11.6%) $553,498 (1.1%) 1.14 264
    2022-05-01 $472,000 (4.9%) $888,874 (57.9%) 1.08 341
    2022-06-01 $468,750 (3.7%) $547,222 (-3.1%) 1.04 391
    2022-07-01 $455,000 (1.8%) $532,510 (-3.3%) 1.03 482
    2022-08-01 $457,450 (5.5%) $529,080 (3.7%) 1.06 523
    2022-09-01 $450,000 (2.9%) $517,905 (3.1%) 1.05 509
    2022-10-01 $444,900 (-0.9%) $515,680 (-4.8%) 1.05 509
    2022-11-01 $434,950 (-3.3%) $510,628 (-8.1%) 1.05 480
    2022-12-01 $435,000 (-3.1%) $513,784 (-5.4%) 1.07 446
    2023-01-01 $423,000 (-4.4%) $506,806 (-6.4%) 1.05 382
    2023-02-01 $427,113 (-5.1%) $519,039 (-3.1%) 1.03 342
    2023-03-01 $431,175 (-4.0%) $518,304 (-1.0%) 1.02 318
    2023-04-01 $438,500 (-8.7%) $521,388 (-5.8%) 1.02 302
    2023-05-01 $429,975 (-8.9%) $519,607 (-41.5%) 0.98 339
    2023-06-01 $429,113 (-8.5%) $516,580 (-5.6%) 0.96 359
    2023-07-01 $429,925 (-5.5%) $514,767 (-3.3%) 0.98 366
    2023-08-01 $433,625 (-5.2%) $521,724 (-1.4%) 1.00 374
    2023-09-01 $425,000 (-5.6%) $510,437 (-1.4%) 0.99 406
    2023-10-01 $426,975 (-4.0%) $506,339 (-1.8%) 1.00 426
    2023-11-01 $439,500 (1.1%) $557,197 (9.1%) 1.05 420
    2023-12-01 $431,750 (-0.8%) $541,538 (5.4%) 1.05 360
    2024-01-01 $424,950 (0.5%) $525,493 (3.7%) 1.04 328
    2024-02-01 $420,925 (-1.5%) $522,244 (0.6%) 1.01 316
    2024-03-01 $430,000 (-0.3%) $528,711 (2.0%) 1.01 349
    2024-04-01 $434,000 (-1.0%) $542,244 (4.0%) 1.01 391
    2024-05-01 $449,125 (4.5%) $549,908 (5.8%) 1.02 454
    2024-06-01 $449,000 (4.6%) $546,864 (5.9%) 1.02 488
    2024-07-01 $434,500 (1.1%) $543,103 (5.5%) 0.99 515
    2024-08-01 $424,900 (-2.0%) $537,131 (3.0%) 0.99 520
    2024-09-01 $425,000 (0.0%) $532,535 (4.3%) 1.00 515
    2024-10-01 $425,500 (-0.4%) $529,317 (4.5%) 1.00 540
    2024-11-01 $429,900 (-2.2%) $526,152 (-5.6%) 1.03 537
    2024-12-01 $423,650 (-1.9%) $508,971 (-6.0%) 1.05 451
    2025-01-01 $424,875 (0.0%) $506,155 (-3.7%) 1.06 420
    2025-02-01 $414,100 (-1.6%) $490,455 (-6.1%) 1.01 440
    2025-03-01 $426,000 (-0.9%) $498,503 (-5.7%) 0.00 475
    Chico's median listing price for 2025-03-01 was $426,000, a difference of $-4,000 (-0.9%) versus the prior year and $11,900 versus the prior month.

    Chico's median listing price comes in at 0% of the national average.

    Chico's average listing price for 2025-03-01 was $498,503, a difference of $-30,208 (-5.7%) versus the prior year and $8,048 versus the prior month.

    For the 2025-03-01 period, Chico had 475 MLS listings, a difference of 35 listings (8%) versus the prior month and 126 listings (36%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Chico (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 55 days 1,621 sqft
    2018-02-01 38 days 1,610 sqft
    2018-03-01 31 days 1,696 sqft
    2018-04-01 39 days 1,668 sqft
    2018-05-01 35 days 1,709 sqft
    2018-06-01 36 days 1,684 sqft
    2018-07-01 39 days 1,673 sqft
    2018-08-01 44 days 1,639 sqft
    2018-09-01 48 days 1,615 sqft
    2018-10-01 53 days 1,615 sqft
    2018-11-01 55 days 1,629 sqft
    2018-12-01 25 days 1,615 sqft
    2019-01-01 30 days 1,594 sqft
    2019-02-01 32 days 1,557 sqft
    2019-03-01 40 days 1,588 sqft
    2019-04-01 43 days 1,632 sqft
    2019-05-01 36 days 1,640 sqft
    2019-06-01 38 days 1,684 sqft
    2019-07-01 45 days 1,699 sqft
    2019-08-01 49 days 1,684 sqft
    2019-09-01 54 days 1,684 sqft
    2019-10-01 59 days 1,688 sqft
    2019-11-01 65 days 1,714 sqft
    2019-12-01 75 days 1,715 sqft
    2020-01-01 77 days 1,710 sqft
    2020-02-01 80 days 1,712 sqft
    2020-03-01 60 days 1,755 sqft
    2020-04-01 63 days 1,833 sqft
    2020-05-01 64 days 1,855 sqft
    2020-06-01 54 days 1,865 sqft
    2020-07-01 62 days 1,856 sqft
    2020-08-01 51 days 1,830 sqft
    2020-09-01 55 days 1,756 sqft
    2020-10-01 52 days 1,748 sqft
    2020-11-01 49 days 1,750 sqft
    2020-12-01 72 days 1,754 sqft
    2021-01-01 83 days 1,743 sqft
    2021-02-01 63 days 1,728 sqft
    2021-03-01 53 days 1,709 sqft
    2021-04-01 47 days 1,729 sqft
    2021-05-01 36 days 1,791 sqft
    2021-06-01 40 days 1,755 sqft
    2021-07-01 40 days 1,729 sqft
    2021-08-01 45 days 1,702 sqft
    2021-09-01 51 days 1,713 sqft
    2021-10-01 44 days 1,731 sqft
    2021-11-01 51 days 1,729 sqft
    2021-12-01 53 days 1,702 sqft
    2022-01-01 57 days 1,626 sqft
    2022-02-01 36 days 1,655 sqft
    2022-03-01 35 days 1,646 sqft
    2022-04-01 33 days 1,722 sqft
    2022-05-01 36 days 1,732 sqft
    2022-06-01 37 days 1,714 sqft
    2022-07-01 39 days 1,693 sqft
    2022-08-01 46 days 1,711 sqft
    2022-09-01 58 days 1,690 sqft
    2022-10-01 65 days 1,680 sqft
    2022-11-01 64 days 1,709 sqft
    2022-12-01 73 days 1,712 sqft
    2023-01-01 82 days 1,707 sqft
    2023-02-01 81 days 1,709 sqft
    2023-03-01 72 days 1,676 sqft
    2023-04-01 59 days 1,674 sqft
    2023-05-01 43 days 1,670 sqft
    2023-06-01 46 days 1,668 sqft
    2023-07-01 51 days 1,653 sqft
    2023-08-01 50 days 1,669 sqft
    2023-09-01 51 days 1,658 sqft
    2023-10-01 55 days 1,638 sqft
    2023-11-01 58 days 1,674 sqft
    2023-12-01 68 days 1,671 sqft
    2024-01-01 78 days 1,654 sqft
    2024-02-01 78 days 1,631 sqft
    2024-03-01 61 days 1,654 sqft
    2024-04-01 48 days 1,673 sqft
    2024-05-01 44 days 1,719 sqft
    2024-06-01 53 days 1,700 sqft
    2024-07-01 61 days 1,694 sqft
    2024-08-01 65 days 1,643 sqft
    2024-09-01 68 days 1,636 sqft
    2024-10-01 67 days 1,619 sqft
    2024-11-01 67 days 1,631 sqft
    2024-12-01 79 days 1,633 sqft
    2025-01-01 88 days 1,640 sqft
    2025-02-01 78 days 1,622 sqft
    2025-03-01 0 days 1,632 sqft
    Chico's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Chico's median square footage for active listings during the 2025-03-01 period was 1,632 sqft. One year prior, the average listing was 1,654 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).