Gardnerville Ranchos FHA Loan Rates, Closing Costs & Stats

Gardnerville Ranchos, NV

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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.

    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 0.08% for the week of 2024-11-15, 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 (2024-11-08) was 6.09% and one month ago for the week of 2024-10-11, the average rate was 5.89%.

    The average rate one year ago was 7.14%.

    For refis of the same type during the week of 2024-11-15, 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).