Hanford FHA Loan Rates, Closing Costs & Stats
HANFORD-CORCORAN, CA
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.
Hanford's 57 lenders originated 381 FHA loans during 2023. The total origination value was $120,075,000, with an average FHA loan value of $315,157.
Hanford FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Hanford
averaged
6.13%
for the week of 2024-12-13, compared to the national average (all FHA variants) of
6.277% for the same period.
Hanford's average FHA mortgage closing costs are $9,498.
The average rate for the prior week (2024-12-06) was
6.2% and
one month ago for the week of 2024-11-08, the
average rate was 6.46%.
The average rate one year ago was 6.57%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.18%.
Hanford 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 Hanford level.
The top Hanford FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
59 FHA loans originated. Their average total fees are
$13,757, which is $125
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Hanford FHA lenders (with over 10 loans originated) are
CROSSCOUNTRY MORTGAGE, LLC ($12,972), EAGLE HOME MORTGAGE, LLC ($12,996), Century Mortgage Company DBA Century Lending Company ($13,697), PENNYMAC LOAN SERVICES, LLC ($13,726) and UNITED WHOLESALE MORTGAGE, LLC ($13,757).
The lowest rate Hanford FHA lenders (with over 10 loans originated) are
EAGLE HOME MORTGAGE, LLC (5.84%), CROSSCOUNTRY MORTGAGE, LLC (5.97%), VERITAS FUNDING, LLC (6.14%), PENNYMAC LOAN SERVICES, LLC (6.15%) and UNITED WHOLESALE MORTGAGE, LLC (6.24%).
Hanford FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
HANFORD-CORCORAN, CA | KINGS | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
HANFORD-CORCORAN, CA | KINGS | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Hanford (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $247,000 (2.9%) | $278,093 (4.9%) | 0.00 | 230 |
2018-02-01 | $249,725 (4.5%) | $279,119 (5.2%) | 0.00 | 222 |
2018-03-01 | $248,900 (6.1%) | $278,832 (6.1%) | 0.00 | 216 |
2018-04-01 | $251,250 (6.0%) | $282,186 (6.6%) | 0.00 | 246 |
2018-05-01 | $249,950 (7.5%) | $285,011 (10.2%) | 0.00 | 243 |
2018-06-01 | $245,000 (4.3%) | $291,579 (11.0%) | 0.00 | 238 |
2018-07-01 | $259,219 (10.3%) | $295,584 (11.4%) | 0.00 | 247 |
2018-08-01 | $265,000 (16.7%) | $305,949 (20.5%) | 0.00 | 254 |
2018-09-01 | $267,500 (13.8%) | $302,573 (14.9%) | 0.00 | 265 |
2018-10-01 | $261,400 (10.7%) | $289,780 (16.1%) | 0.00 | 305 |
2018-11-01 | $256,750 (7.4%) | $288,382 (15.3%) | 0.00 | 307 |
2018-12-01 | $259,000 (7.9%) | $293,425 (10.3%) | 0.00 | 272 |
2019-01-01 | $259,800 (5.2%) | $291,836 (4.9%) | 0.00 | 261 |
2019-02-01 | $258,125 (3.4%) | $279,220 (0.0%) | 0.00 | 251 |
2019-03-01 | $264,313 (6.2%) | $285,307 (2.3%) | 0.00 | 287 |
2019-04-01 | $269,763 (7.4%) | $290,559 (3.0%) | 0.00 | 326 |
2019-05-01 | $265,333 (6.2%) | $292,586 (2.7%) | 0.00 | 321 |
2019-06-01 | $262,988 (7.3%) | $297,043 (1.9%) | 0.00 | 309 |
2019-07-01 | $269,713 (4.1%) | $301,248 (1.9%) | 0.00 | 297 |
2019-08-01 | $262,864 (-0.8%) | $298,686 (-2.4%) | 0.00 | 273 |
2019-09-01 | $261,197 (-2.4%) | $294,353 (-2.7%) | 0.00 | 239 |
2019-10-01 | $258,825 (-1.0%) | $291,940 (0.8%) | 0.00 | 216 |
2019-11-01 | $260,000 (1.3%) | $300,064 (4.1%) | 0.00 | 211 |
2019-12-01 | $263,524 (1.8%) | $308,846 (5.3%) | 0.00 | 215 |
2020-01-01 | $257,000 (-1.1%) | $296,792 (1.7%) | 0.00 | 195 |
2020-02-01 | $249,900 (-3.2%) | $299,975 (7.4%) | 0.00 | 171 |
2020-03-01 | $254,900 (-3.6%) | $317,484 (11.3%) | 0.00 | 160 |
2020-04-01 | $259,575 (-3.8%) | $307,420 (5.8%) | 0.00 | 168 |
2020-05-01 | $259,500 (-2.2%) | $306,408 (4.7%) | 0.00 | 145 |
2020-06-01 | $257,575 (-2.1%) | $323,885 (9.0%) | 0.00 | 118 |
2020-07-01 | $263,575 (-2.3%) | $358,392 (19.0%) | 0.00 | 102 |
2020-08-01 | $271,000 (3.1%) | $402,403 (34.7%) | 0.00 | 79 |
2020-09-01 | $281,200 (7.7%) | $440,286 (49.6%) | 0.00 | 96 |
2020-10-01 | $280,000 (8.2%) | $436,021 (49.4%) | 0.00 | 112 |
2020-11-01 | $268,000 (3.1%) | $386,407 (28.8%) | 0.00 | 126 |
2020-12-01 | $273,925 (4.0%) | $409,999 (32.8%) | 0.00 | 96 |
2021-01-01 | $269,000 (4.7%) | $414,150 (39.5%) | 0.00 | 89 |
2021-02-01 | $289,450 (15.8%) | $435,718 (45.3%) | 0.00 | 85 |
2021-03-01 | $295,750 (16.0%) | $429,815 (35.4%) | 0.00 | 95 |
2021-04-01 | $282,988 (9.0%) | $1,404,998 (357.0%) | 0.00 | 88 |
2021-05-01 | $299,000 (15.2%) | $465,750 (52.0%) | 0.00 | 77 |
2021-06-01 | $297,950 (15.7%) | $478,099 (47.6%) | 0.00 | 78 |
2021-07-01 | $300,950 (14.2%) | $459,774 (28.3%) | 0.00 | 96 |
2021-08-01 | $302,975 (11.8%) | $398,361 (-1.0%) | 0.00 | 116 |
2021-09-01 | $312,375 (11.1%) | $399,732 (-9.2%) | 0.00 | 132 |
2021-10-01 | $305,425 (9.1%) | $394,269 (-9.6%) | 0.00 | 128 |
2021-11-01 | $303,731 (13.3%) | $382,101 (-1.1%) | 0.00 | 122 |
2021-12-01 | $308,725 (12.7%) | $377,603 (-7.9%) | 0.00 | 112 |
2022-01-01 | $308,950 (14.9%) | $387,489 (-6.4%) | 0.00 | 100 |
2022-02-01 | $321,225 (11.0%) | $391,428 (-10.2%) | 0.00 | 86 |
2022-03-01 | $328,475 (11.1%) | $408,258 (-5.0%) | 0.00 | 85 |
2022-04-01 | $336,200 (18.8%) | $399,561 (-71.6%) | 0.00 | 98 |
2022-05-01 | $376,500 (25.9%) | $414,744 (-11.0%) | 0.00 | 122 |
2022-06-01 | $373,075 (25.2%) | $414,419 (-13.3%) | 0.00 | 147 |
2022-07-01 | $377,700 (25.5%) | $410,236 (-10.8%) | 0.00 | 168 |
2022-08-01 | $376,225 (24.2%) | $403,526 (1.3%) | 0.00 | 188 |
2022-09-01 | $382,450 (22.4%) | $405,619 (1.5%) | 0.00 | 186 |
2022-10-01 | $390,000 (27.7%) | $427,628 (8.5%) | 0.00 | 201 |
2022-11-01 | $376,750 (24.0%) | $401,315 (5.0%) | 0.00 | 227 |
2022-12-01 | $378,000 (22.4%) | $398,256 (5.5%) | 0.00 | 201 |
2023-01-01 | $368,000 (19.1%) | $411,295 (6.1%) | 0.00 | 179 |
2023-02-01 | $375,250 (16.8%) | $435,739 (11.3%) | 0.00 | 163 |
2023-03-01 | $387,450 (18.0%) | $439,910 (7.8%) | 0.00 | 153 |
2023-04-01 | $390,000 (16.0%) | $470,751 (17.8%) | 0.00 | 126 |
2023-05-01 | $397,375 (5.5%) | $478,091 (15.3%) | 0.00 | 116 |
2023-06-01 | $384,925 (3.2%) | $482,907 (16.5%) | 0.00 | 125 |
2023-07-01 | $398,500 (5.5%) | $484,170 (18.0%) | 0.00 | 124 |
2023-08-01 | $395,020 (5.0%) | $437,210 (8.4%) | 0.00 | 135 |
2023-09-01 | $382,885 (0.1%) | $415,424 (2.4%) | 0.00 | 144 |
2023-10-01 | $379,950 (-2.6%) | $398,529 (-6.8%) | 0.00 | 150 |
2023-11-01 | $368,725 (-2.1%) | $406,898 (1.4%) | 0.00 | 152 |
2023-12-01 | $359,900 (-4.8%) | $408,730 (2.6%) | 0.00 | 152 |
2024-01-01 | $367,450 (-0.2%) | $407,732 (-0.9%) | 0.00 | 149 |
2024-02-01 | $373,225 (-0.5%) | $405,391 (-7.0%) | 0.00 | 172 |
2024-03-01 | $378,500 (-2.3%) | $428,995 (-2.5%) | 0.00 | 163 |
2024-04-01 | $378,949 (-2.8%) | $429,580 (-8.8%) | 0.00 | 166 |
2024-05-01 | $373,125 (-6.1%) | $442,867 (-7.4%) | 0.00 | 175 |
2024-06-01 | $380,000 (-1.3%) | $453,471 (-6.1%) | 0.00 | 181 |
2024-07-01 | $376,125 (-5.6%) | $447,976 (-7.5%) | 0.00 | 170 |
2024-08-01 | $375,000 (-5.1%) | $447,617 (2.4%) | 0.00 | 164 |
2024-09-01 | $363,475 (-5.1%) | $440,746 (6.1%) | 0.00 | 164 |
2024-10-01 | $367,000 (-3.4%) | $449,876 (12.9%) | 0.00 | 170 |
2024-11-01 | $364,900 (-1.0%) | $433,209 (6.5%) | 0.00 | 196 |
Hanford's median listing price comes in at 0% of the national average.
Hanford's average listing price for 2024-11-01 was $433,209, a difference of $26,311 (6.5%) versus the prior year and $-16,667 versus the prior month.
For the 2024-11-01 period, Hanford had 196 MLS listings, a difference of 26 listings (15%) versus the prior month and 44 listings (29%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Hanford (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,686 sqft |
2018-02-01 | 0 days | 1,699 sqft |
2018-03-01 | 0 days | 1,687 sqft |
2018-04-01 | 0 days | 1,715 sqft |
2018-05-01 | 0 days | 1,712 sqft |
2018-06-01 | 0 days | 1,711 sqft |
2018-07-01 | 0 days | 1,728 sqft |
2018-08-01 | 0 days | 1,786 sqft |
2018-09-01 | 0 days | 1,717 sqft |
2018-10-01 | 0 days | 1,687 sqft |
2018-11-01 | 0 days | 1,674 sqft |
2018-12-01 | 0 days | 1,710 sqft |
2019-01-01 | 0 days | 1,693 sqft |
2019-02-01 | 0 days | 1,708 sqft |
2019-03-01 | 0 days | 1,743 sqft |
2019-04-01 | 0 days | 1,793 sqft |
2019-05-01 | 0 days | 1,763 sqft |
2019-06-01 | 0 days | 1,734 sqft |
2019-07-01 | 0 days | 1,803 sqft |
2019-08-01 | 0 days | 1,772 sqft |
2019-09-01 | 0 days | 1,725 sqft |
2019-10-01 | 0 days | 1,678 sqft |
2019-11-01 | 0 days | 1,647 sqft |
2019-12-01 | 0 days | 1,700 sqft |
2020-01-01 | 0 days | 1,658 sqft |
2020-02-01 | 0 days | 1,574 sqft |
2020-03-01 | 0 days | 1,669 sqft |
2020-04-01 | 0 days | 1,626 sqft |
2020-05-01 | 0 days | 1,658 sqft |
2020-06-01 | 0 days | 1,667 sqft |
2020-07-01 | 0 days | 1,697 sqft |
2020-08-01 | 0 days | 1,629 sqft |
2020-09-01 | 0 days | 1,620 sqft |
2020-10-01 | 0 days | 1,753 sqft |
2020-11-01 | 0 days | 1,698 sqft |
2020-12-01 | 0 days | 1,724 sqft |
2021-01-01 | 0 days | 1,685 sqft |
2021-02-01 | 0 days | 1,778 sqft |
2021-03-01 | 0 days | 1,783 sqft |
2021-04-01 | 0 days | 1,698 sqft |
2021-05-01 | 0 days | 1,733 sqft |
2021-06-01 | 0 days | 1,722 sqft |
2021-07-01 | 0 days | 1,663 sqft |
2021-08-01 | 0 days | 1,644 sqft |
2021-09-01 | 0 days | 1,644 sqft |
2021-10-01 | 0 days | 1,616 sqft |
2021-11-01 | 0 days | 1,596 sqft |
2021-12-01 | 0 days | 1,577 sqft |
2022-01-01 | 0 days | 1,548 sqft |
2022-02-01 | 0 days | 1,570 sqft |
2022-03-01 | 0 days | 1,558 sqft |
2022-04-01 | 0 days | 1,531 sqft |
2022-05-01 | 0 days | 1,631 sqft |
2022-06-01 | 0 days | 1,655 sqft |
2022-07-01 | 0 days | 1,649 sqft |
2022-08-01 | 0 days | 1,699 sqft |
2022-09-01 | 0 days | 1,701 sqft |
2022-10-01 | 0 days | 1,761 sqft |
2022-11-01 | 0 days | 1,655 sqft |
2022-12-01 | 0 days | 1,653 sqft |
2023-01-01 | 0 days | 1,676 sqft |
2023-02-01 | 0 days | 1,697 sqft |
2023-03-01 | 0 days | 1,716 sqft |
2023-04-01 | 0 days | 1,800 sqft |
2023-05-01 | 0 days | 1,806 sqft |
2023-06-01 | 0 days | 1,606 sqft |
2023-07-01 | 0 days | 1,635 sqft |
2023-08-01 | 0 days | 1,707 sqft |
2023-09-01 | 0 days | 1,635 sqft |
2023-10-01 | 0 days | 1,573 sqft |
2023-11-01 | 0 days | 1,587 sqft |
2023-12-01 | 0 days | 1,600 sqft |
2024-01-01 | 0 days | 1,647 sqft |
2024-02-01 | 0 days | 1,630 sqft |
2024-03-01 | 0 days | 1,655 sqft |
2024-04-01 | 0 days | 1,624 sqft |
2024-05-01 | 0 days | 1,609 sqft |
2024-06-01 | 0 days | 1,600 sqft |
2024-07-01 | 0 days | 1,609 sqft |
2024-08-01 | 0 days | 1,609 sqft |
2024-09-01 | 0 days | 1,566 sqft |
2024-10-01 | 0 days | 1,574 sqft |
2024-11-01 | 0 days | 1,575 sqft |
Hanford's median square footage for active listings during the 2024-11-01 period was 1,575 sqft. One year prior, the average listing was 1,587 sqft.