Gardnerville Ranchos FHA Loan Rates, Closing Costs & Stats

Gardnerville Ranchos, NV

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.

Gardnerville Ranchos's 30 lenders originated 85 FHA loans during 2023. The total origination value was $33,765,000, with an average FHA loan value of $397,235.

Gardnerville Ranchos FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Gardnerville Ranchos averaged -0.32% for the week of 2024-11-29, compared to the national average (all FHA variants) of 0% for the same period.

Gardnerville Ranchos's average FHA mortgage closing costs are $11,080.

The average rate for the prior week (2024-11-22) was 6.17% and one month ago for the week of 2024-10-25, the average rate was 5.95%.

The average rate one year ago was 7.04%.

For refis of the same type during the week of 2024-11-29, the average rate was -0.1%.

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

Gardnerville Ranchos 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 Gardnerville Ranchos level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
GUILD MORTGAGE COMPANY 15 6.59% $18,700
UNITED WHOLESALE MORTGAGE, LLC 10 5.98% $18,521
MASON MCDUFFIE MORTGAGE CORPORATION 6 7.02% $17,445
QUICKEN LOANS, LLC 4 6.12% $21,269
SUMMIT FUNDING, INC. 3 6.42% $22,258
LOANDEPOT.COM, LLC 3 5.33% $17,140
EAGLE HOME MORTGAGE, LLC 3 5.13% $16,886
VILLAGE CAPITAL MORTGAGE 2 6.57% $14,569
The Loan Store, Inc. 2 6.50% $20,714
MANN FINANCIAL INC. 1 6.13% $15,306
MOVEMENT MORTGAGE, LLC 1 6.25% $10,013
ALAMEDA MORTGAGE CORPORATION 1 6.12% $22,001
NEWREZ LLC 1 6.75% $12,751
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 7.75% $18,536
PINNACLE LENDING GROUP, INC. 1 6.12% $13,341
PNC Bank 1 6.38% $8,498
PREMIER MORTGAGE RESOURCES, L.L.C. 1 5.88% $10,473
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.25% $14,184
Prosperity Home Mortgage, LLC 1 5.13% $25,610
S1L, Inc. 1 5.75% $13,584
U.S. Bank 1 5.99% $15,936
Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $19,316
AMERICAN FINANCIAL NETWORK, INC. 1 7.25% $14,366
AMERISAVE MORTGAGE CORPORATION 1 5.25% $21,790
BROKER SOLUTIONS, INC. 1 6.63% $15,171
CARDINAL FINANCIAL 1 5.75% $20,671
Century Mortgage Company DBA Century Lending Company 1 6.25% $16,943
CROSSCOUNTRY MORTGAGE, LLC 1 5.75% $15,973
Gateway First Bank 1 6.75% $16,330
GREATER NEVADA LLC 1 6.75% $20,295

The top Gardnerville Ranchos FHA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 15 FHA loans originated. Their average total fees are $18,700, which is $178 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Gardnerville Ranchos FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($18,521), GUILD MORTGAGE COMPANY ($18,700), .

The lowest rate Gardnerville Ranchos FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.98%), GUILD MORTGAGE COMPANY (6.59%), .

Gardnerville Ranchos FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
GARDNERVILLE RANCHOS, NV DOUGLAS 2022 $569,250 $728,750 $880,900 $1,094,700
GARDNERVILLE RANCHOS, NV DOUGLAS 2023 $657,800 $842,100 $1,017,900 $1,265,000

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Gardnerville Ranchos (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 $655,750 (9.5%) $1,733,342 (-25.6%) 0.00 216
2018-02-01 $696,000 (11.5%) $1,521,001 (-30.8%) 0.00 193
2018-03-01 $689,000 (6.1%) $1,839,456 (-18.8%) 0.00 190
2018-04-01 $654,500 (2.3%) $1,932,636 (-12.0%) 0.00 199
2018-05-01 $630,900 (0.8%) $1,742,891 (-15.1%) 0.00 230
2018-06-01 $636,000 (6.2%) $1,724,887 (-11.2%) 0.00 271
2018-07-01 $667,000 (11.4%) $1,587,701 (-16.4%) 0.00 313
2018-08-01 $629,429 (0.8%) $1,534,392 (-24.4%) 0.00 327
2018-09-01 $627,500 (-3.3%) $1,666,049 (0.6%) 0.00 316
2018-10-01 $623,475 (-9.3%) $1,667,377 (5.2%) 0.00 329
2018-11-01 $599,250 (-14.2%) $1,715,404 (5.2%) 0.00 315
2018-12-01 $585,000 (-18.5%) $1,748,948 (3.5%) 0.00 296
2019-01-01 $593,625 (-9.5%) $1,512,159 (-12.8%) 0.00 262
2019-02-01 $595,125 (-14.5%) $1,570,124 (3.2%) 0.00 236
2019-03-01 $605,286 (-12.2%) $1,628,245 (-11.5%) 0.00 250
2019-04-01 $619,500 (-5.4%) $1,663,806 (-13.9%) 0.00 270
2019-05-01 $621,625 (-1.5%) $1,551,736 (-11.0%) 0.00 300
2019-06-01 $639,000 (0.5%) $1,549,315 (-10.2%) 0.00 313
2019-07-01 $662,375 (-0.7%) $1,707,000 (7.5%) 0.00 363
2019-08-01 $692,627 (10.0%) $1,710,982 (11.5%) 0.00 366
2019-09-01 $696,718 (11.0%) $1,715,758 (3.0%) 0.00 362
2019-10-01 $698,495 (12.0%) $1,715,055 (2.9%) 0.00 356
2019-11-01 $699,000 (16.7%) $1,831,129 (6.8%) 0.00 312
2019-12-01 $707,450 (20.9%) $1,890,188 (8.1%) 0.00 296
2020-01-01 $698,000 (17.6%) $1,801,717 (19.2%) 0.00 264
2020-02-01 $687,500 (15.5%) $1,793,027 (14.2%) 0.00 255
2020-03-01 $753,875 (24.6%) $1,893,897 (16.3%) 0.00 232
2020-04-01 $728,500 (17.6%) $1,827,773 (9.9%) 0.00 256
2020-05-01 $720,000 (15.8%) $1,665,330 (7.3%) 0.00 272
2020-06-01 $793,500 (24.2%) $1,967,390 (27.0%) 0.00 252
2020-07-01 $796,750 (20.3%) $1,620,445 (-5.1%) 0.00 221
2020-08-01 $835,900 (20.7%) $1,620,129 (-5.3%) 0.00 178
2020-09-01 $884,125 (26.9%) $2,282,241 (33.0%) 0.00 146
2020-10-01 $850,000 (21.7%) $2,377,675 (38.6%) 0.00 132
2020-11-01 $838,750 (20.0%) $2,378,008 (29.9%) 0.00 121
2020-12-01 $863,250 (22.0%) $2,617,479 (38.5%) 0.00 98
2021-01-01 $912,000 (30.7%) $3,100,757 (72.1%) 0.00 72
2021-02-01 $900,175 (30.9%) $3,446,921 (92.2%) 0.00 66
2021-03-01 $801,500 (6.3%) $2,558,757 (35.1%) 0.00 70
2021-04-01 $712,000 (-2.3%) $1,923,520 (5.2%) 0.00 108
2021-05-01 $799,000 (11.0%) $1,946,512 (16.9%) 0.00 97
2021-06-01 $850,500 (7.2%) $1,936,412 (-1.6%) 0.00 109
2021-07-01 $862,500 (8.3%) $1,808,517 (11.6%) 0.00 125
2021-08-01 $914,500 (9.4%) $1,890,986 (16.7%) 0.00 143
2021-09-01 $903,000 (2.1%) $1,852,970 (-18.8%) 0.00 142
2021-10-01 $870,000 (2.4%) $2,140,956 (-10.0%) 0.00 172
2021-11-01 $885,750 (5.6%) $2,116,421 (-11.0%) 0.00 144
2021-12-01 $879,000 (1.8%) $2,109,245 (-19.4%) 0.00 123
2022-01-01 $885,000 (-3.0%) $2,434,293 (-21.5%) 0.00 102
2022-02-01 $924,975 (2.8%) $2,605,579 (-24.4%) 0.00 78
2022-03-01 $884,500 (10.4%) $2,267,069 (-11.4%) 0.00 78
2022-04-01 $899,999 (26.4%) $2,045,426 (6.3%) 0.00 106
2022-05-01 $883,725 (10.6%) $1,892,837 (-2.8%) 0.00 144
2022-06-01 $849,950 (-0.1%) $2,549,194 (31.7%) 0.00 215
2022-07-01 $849,500 (-1.5%) $2,245,560 (24.2%) 0.00 272
2022-08-01 $844,000 (-7.7%) $2,234,645 (18.2%) 0.00 271
2022-09-01 $844,250 (-6.5%) $2,157,865 (16.5%) 0.00 276
2022-10-01 $834,000 (-4.1%) $2,096,406 (-2.1%) 0.00 259
2022-11-01 $783,750 (-11.5%) $1,874,538 (-11.4%) 0.00 250
2022-12-01 $798,000 (-9.2%) $1,839,645 (-12.8%) 0.00 227
2023-01-01 $799,250 (-9.7%) $1,983,818 (-18.5%) 0.00 188
2023-02-01 $799,000 (-13.6%) $2,224,690 (-14.6%) 0.00 177
2023-03-01 $809,306 (-8.5%) $2,438,284 (7.6%) 0.00 160
2023-04-01 $895,000 (-0.6%) $2,505,778 (22.5%) 0.00 156
2023-05-01 $897,000 (1.5%) $2,331,208 (23.2%) 0.00 181
2023-06-01 $944,472 (11.1%) $2,246,248 (-11.9%) 0.00 205
2023-07-01 $998,000 (17.5%) $2,480,008 (10.4%) 0.00 222
2023-08-01 $920,500 (9.1%) $2,420,858 (8.3%) 0.00 250
2023-09-01 $949,000 (12.4%) $2,522,890 (16.9%) 0.00 258
2023-10-01 $980,500 (17.6%) $2,563,640 (22.3%) 0.00 246
2023-11-01 $972,000 (24.0%) $2,485,198 (32.6%) 0.00 244
2023-12-01 $944,450 (18.4%) $2,464,848 (34.0%) 0.00 235
2024-01-01 $919,450 (15.0%) $2,440,737 (23.0%) 0.00 210
2024-02-01 $857,450 (7.3%) $2,185,262 (-1.8%) 0.00 201
2024-03-01 $805,950 (-0.4%) $2,065,843 (-15.3%) 0.00 193
2024-04-01 $880,975 (-1.6%) $2,242,571 (-10.5%) 0.00 199
2024-05-01 $982,750 (9.6%) $2,381,905 (2.2%) 0.00 209
2024-06-01 $914,000 (-3.2%) $2,334,527 (3.9%) 0.00 228
2024-07-01 $948,250 (-5.0%) $2,150,529 (-13.3%) 0.00 270
2024-08-01 $983,500 (6.8%) $2,127,084 (-12.1%) 0.00 287
2024-09-01 $970,950 (2.3%) $2,265,193 (-10.2%) 0.00 286
2024-10-01 $959,750 (-2.1%) $2,129,841 (-16.9%) 0.00 289
Gardnerville Ranchos's median listing price for 2024-10-01 was $959,750, a difference of $-20,750 (-2.1%) versus the prior year and $-11,200 versus the prior month.

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

Gardnerville Ranchos's average listing price for 2024-10-01 was $2,129,841, a difference of $-433,799 (-16.9%) versus the prior year and $-135,352 versus the prior month.

For the 2024-10-01 period, Gardnerville Ranchos had 289 MLS listings, a difference of 3 listings (1%) versus the prior month and 43 listings (17%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Gardnerville Ranchos (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,288 sqft
2018-02-01 0 days 2,388 sqft
2018-03-01 0 days 2,392 sqft
2018-04-01 0 days 2,381 sqft
2018-05-01 0 days 2,308 sqft
2018-06-01 0 days 2,309 sqft
2018-07-01 0 days 2,238 sqft
2018-08-01 0 days 2,185 sqft
2018-09-01 0 days 2,195 sqft
2018-10-01 0 days 2,197 sqft
2018-11-01 0 days 2,209 sqft
2018-12-01 0 days 2,218 sqft
2019-01-01 0 days 2,187 sqft
2019-02-01 0 days 2,226 sqft
2019-03-01 0 days 2,162 sqft
2019-04-01 0 days 2,198 sqft
2019-05-01 0 days 2,229 sqft
2019-06-01 0 days 2,285 sqft
2019-07-01 0 days 2,302 sqft
2019-08-01 0 days 2,304 sqft
2019-09-01 0 days 2,358 sqft
2019-10-01 0 days 2,388 sqft
2019-11-01 0 days 2,375 sqft
2019-12-01 0 days 2,421 sqft
2020-01-01 0 days 2,434 sqft
2020-02-01 0 days 2,431 sqft
2020-03-01 0 days 2,489 sqft
2020-04-01 0 days 2,455 sqft
2020-05-01 0 days 2,446 sqft
2020-06-01 0 days 2,615 sqft
2020-07-01 0 days 2,658 sqft
2020-08-01 0 days 2,665 sqft
2020-09-01 0 days 2,635 sqft
2020-10-01 0 days 2,579 sqft
2020-11-01 0 days 2,376 sqft
2020-12-01 0 days 2,544 sqft
2021-01-01 0 days 2,514 sqft
2021-02-01 0 days 2,521 sqft
2021-03-01 0 days 2,330 sqft
2021-04-01 0 days 2,082 sqft
2021-05-01 0 days 2,116 sqft
2021-06-01 0 days 2,161 sqft
2021-07-01 0 days 2,152 sqft
2021-08-01 0 days 2,215 sqft
2021-09-01 0 days 2,301 sqft
2021-10-01 0 days 2,140 sqft
2021-11-01 0 days 2,149 sqft
2021-12-01 0 days 2,107 sqft
2022-01-01 0 days 2,136 sqft
2022-02-01 0 days 2,299 sqft
2022-03-01 0 days 2,155 sqft
2022-04-01 0 days 2,204 sqft
2022-05-01 0 days 2,109 sqft
2022-06-01 0 days 2,139 sqft
2022-07-01 0 days 2,136 sqft
2022-08-01 0 days 2,126 sqft
2022-09-01 0 days 2,134 sqft
2022-10-01 0 days 2,119 sqft
2022-11-01 0 days 2,122 sqft
2022-12-01 0 days 2,128 sqft
2023-01-01 0 days 2,174 sqft
2023-02-01 0 days 2,132 sqft
2023-03-01 0 days 2,109 sqft
2023-04-01 0 days 2,232 sqft
2023-05-01 0 days 2,203 sqft
2023-06-01 0 days 2,209 sqft
2023-07-01 0 days 2,319 sqft
2023-08-01 0 days 2,249 sqft
2023-09-01 0 days 2,342 sqft
2023-10-01 0 days 2,460 sqft
2023-11-01 0 days 2,335 sqft
2023-12-01 0 days 2,272 sqft
2024-01-01 0 days 2,272 sqft
2024-02-01 0 days 2,206 sqft
2024-03-01 0 days 2,202 sqft
2024-04-01 0 days 2,293 sqft
2024-05-01 0 days 2,369 sqft
2024-06-01 0 days 2,232 sqft
2024-07-01 0 days 2,224 sqft
2024-08-01 0 days 2,193 sqft
2024-09-01 0 days 2,192 sqft
2024-10-01 0 days 2,168 sqft
Gardnerville Ranchos's median listing age (time on market) for 2024-10-01 was 0 days.

Gardnerville Ranchos's median square footage for active listings during the 2024-10-01 period was 2,168 sqft. One year prior, the average listing was 2,460 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).