Los Angeles FHA Loan Rates, Closing Costs & Stats

Los Angeles-Long Beach-Anaheim, 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.

    Los Angeles's 200 lenders originated 9,472 FHA loans during 2023. The total origination value was $5,648,560,000, with an average FHA loan value of $596,343.

    Los Angeles FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Los Angeles averaged 6.24% for the week of 2024-11-08, compared to the national average (all FHA variants) of 6.425% for the same period.

    Los Angeles's average FHA mortgage closing costs are $15,454.

    The average rate for the prior week (2024-11-01) was 6.12% and one month ago for the week of 2024-10-04, the average rate was 5.74%.

    The average rate one year ago was 7.48%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.25%.

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

    Los Angeles 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 Los Angeles level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 1,807 6.12% $24,798
    QUICKEN LOANS, LLC 920 6.10% $21,878
    BECKAM FUNDING CORP. 637 7.09% $35,844
    OCMBC, INC. 532 6.52% $23,895
    Paramount Residential Mortgage Group, Inc. 200 6.52% $22,016
    LOANDEPOT.COM, LLC 193 5.99% $22,287
    BROKER SOLUTIONS, INC. 148 6.45% $21,779
    PENNYMAC LOAN SERVICES, LLC 131 6.13% $23,987
    AMERICAN FINANCIAL NETWORK, INC. 126 6.62% $24,682
    CROSSCOUNTRY MORTGAGE, LLC 102 6.61% $23,805
    SUN WEST MORTGAGE COMPANY, INC. 100 6.46% $23,993
    AUGUSTA FINANCIAL, INC. 84 6.09% $21,339
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 82 6.48% $23,327
    CAMPOS FINANCIAL CORP. 78 6.57% $20,551
    RESIDENTIAL BANCORP 75 6.38% $26,531
    AMERICAN PACIFIC MORTGAGE CORPORATION 73 6.60% $26,322
    NATIONS DIRECT MORTGAGE, LLC 73 6.27% $22,691
    BAY-VALLEY MORTGAGE GROUP 69 6.53% $24,311
    GEO-CORP, INC. 66 7.30% $31,756
    Century Mortgage Company DBA Century Lending Company 59 6.12% $25,477
    GUARANTEED RATE, INC. 56 6.25% $21,610
    NEWREZ LLC 55 6.35% $24,775
    CMG MORTGAGE, INC. 54 6.55% $23,232
    AHL FUNDING 51 6.73% $30,211
    GUILD MORTGAGE COMPANY 50 6.42% $23,761
    Hometown Equity Mortgage, LLC 47 6.39% $26,625
    Golden Empire Mortgage, Inc. 46 6.61% $25,320
    FREEDOM MORTGAGE CORPORATION 46 6.61% $22,947
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 45 6.28% $19,528
    JMJ FINANCIAL GROUP 45 6.23% $24,757
    Carrington Mortgage Services, LLC 45 6.34% $23,510
    MOVEMENT MORTGAGE, LLC 43 6.32% $24,773
    VISION ONE MORTGAGE, INC. 43 6.45% $16,418
    PLAZA HOME MORTGAGE, INC. 42 6.53% $26,228
    First-Citizens Bank & Trust Company 40 5.73% $22,513
    Mr. Cooper ( Nationstar Mortgage ) 36 6.10% $30,201
    iCore Lending, Inc. 36 6.53% $24,737
    HOMEBRIDGE FINANCIAL SERVICES, INC. 35 6.22% $24,287
    Flagstar Bank, FSB 35 6.42% $23,323
    Sierra Pacific Mortgage Company, Inc. 34 6.47% $25,098
    JPMorgan Chase Bank 34 6.31% $16,342
    DHI MORTGAGE COMPANY, LTD. 32 5.67% $13,653
    Equity Prime Mortgage LLC 32 6.63% $23,023
    Franklin Loan Corporation 31 6.17% $27,672
    CARDINAL FINANCIAL 31 6.25% $24,865
    EAGLE HOME MORTGAGE, LLC 30 5.53% $21,611
    PLANET HOME LENDING, LLC 30 6.07% $19,450
    U.S. Bank 30 6.32% $21,036
    MK LENDING CORP. 27 6.24% $24,519
    HOME APPROVALS DIRECT, INC. 27 6.58% $24,382
    MORTGAGE MANAGEMENT CONSULTANTS, INC. 26 6.90% $17,456
    ML Mortgage Corp. 26 6.52% $25,251
    HighTechLending Inc 24 6.17% $19,373
    NFM, INC. 23 6.44% $24,750
    Performance Financial, Inc. 23 6.39% $26,518
    AMERISAVE MORTGAGE CORPORATION 21 5.63% $27,258
    PANORAMA MORTGAGE GROUP, LLC 20 6.49% $26,567
    AXIA FINANCIAL, LLC 19 6.15% $22,643
    HOMEAMERICAN MORTGAGE CORPORATION 19 5.78% $13,632
    MUTUAL OF OMAHA MORTGAGE, INC. 18 6.23% $22,955
    BAY EQUITY LLC 17 6.47% $23,077
    KBHS HOME LOANS, LLC 17 6.20% $28,746
    PRIMELENDING, A PLAINSCAPITAL COMPANY 17 6.49% $27,350
    VILLAGE CAPITAL MORTGAGE 16 6.07% $20,631
    ST FIN CORP 16 6.38% $27,539
    United Fidelity Funding Corp. 15 6.64% $24,224
    MOUNTAIN WEST FINANCIAL, INC. 15 6.73% $24,954
    EVERETT FINANCIAL, INC. 14 6.88% $16,635
    JMAC LENDING, INC. 14 6.52% $20,426
    DIGNIFIED HOME LOANS, LLC 14 6.28% $21,629
    GUARANTEED RATE AFFINITY, LLC 14 6.33% $22,366
    American Mortgage & Equity Consultants, Inc. 14 6.43% $22,883
    LADERA LENDING, INC. 13 6.69% $17,678
    Barrington Bank & Trust Company, N.A. 13 6.30% $21,438
    SECURITYNATIONAL MORTGAGE COMPANY 13 6.18% $27,002
    South Pacific Financial Corporation 12 5.97% $17,162
    ALAMEDA MORTGAGE CORPORATION 12 6.28% $17,530
    DRAPER AND KRAMER MORTGAGE CORP. 12 6.13% $18,348
    LOANPAL, LLC 12 5.77% $16,427
    MORTGAGE CAPITAL PARTNERS, INC. 12 6.40% $21,982
    AMERITRUST MORTGAGE CORPORATION 11 6.61% $29,525
    WALL FINANCIAL, INC. 11 6.33% $25,454
    Nations Lending Corporation 11 6.11% $16,467
    CHURCHILL MORTGAGE CORPORATION 11 6.70% $21,633
    Prosperity Home Mortgage, LLC 11 6.08% $22,527
    CALCON MUTUAL MORTGAGE LLC 11 6.52% $30,226
    CUSTOMER SERVICE MORTGAGE CORPORATION 10 6.24% $18,444
    INTELLILOAN, INC. 10 6.22% $21,986
    BANC ONE MORTGAGE CORPORATION 10 6.70% $9,370
    ZILLOW HOME LOANS, LLC 9 6.42% $21,137
    LAND HOME FINANCIAL SERVICES, INC. 9 7.31% $30,236
    Plains Commerce Bank 9 6.29% $23,225
    MICHIGAN MUTUAL, INC. 8 5.69% $25,114
    SUMMIT FUNDING, INC. 8 6.94% $27,998
    The Federal Savings Bank 8 6.38% $26,574
    NETWORK CAPITAL FUNDING CORPORATION 8 5.84% $23,210
    MORTGAGE SOLUTIONS OF COLORADO, LLC 8 6.67% $22,926
    S1L, Inc. 8 6.13% $20,755
    Lakeview Community Capital, LLC 7 6.32% $18,612
    AmeriHome Mortgage Company, LLC 7 6.28% $23,504
    ONY GLO, INC. 7 6.14% $25,412
    NMSI, INC. 7 6.30% $23,572
    BEST FINANCE CAPITAL, INC. 6 5.81% $28,474
    SCHOOLSFIRST 6 7.00% $20,454
    PRIMUS LENDING CORP. 6 6.73% $29,741
    TruHome Solutions, LLC 6 6.02% $19,689
    UNION HOME MORTGAGE CORP. 6 6.04% $24,552
    Shea Mortgage Inc. 6 6.33% $15,597
    NEW WAVE LENDING GROUP INC 6 6.94% $28,758
    ACADEMY MORTGAGE CORPORATION 6 6.31% $25,111
    PACIFIC RESIDENTIAL MORTGAGE, LLC 6 6.23% $18,835
    The Loan Store, Inc. 5 6.37% $27,928
    VERITAS FUNDING, LLC 5 6.35% $26,180
    CORNERSTONE HOME LENDING, INC. 5 6.63% $19,559
    Wells Fargo Bank 5 6.33% $19,052
    ENVOY MORTGAGE, LTD 5 6.03% $23,013
    CALIBER HOME LOANS, INC. 5 5.95% $28,742
    KINECTA 5 6.13% $23,911
    NATIONS RELIABLE LENDING, LLC 4 6.44% $25,193
    LENDING 3, INC. 4 6.91% $21,015
    TOP FLITE FINANCIAL, INC. 4 6.84% $26,240
    MLD MORTGAGE INC. 4 6.00% $19,223
    GENEVA FINANCIAL, LLC 4 6.50% $27,131
    Commerce Home Mortgage, Inc. 4 6.66% $18,617
    Citizens Bank 4 5.84% $20,419
    NATIONWIDE MORTGAGE BANKERS, INC. 4 7.09% $20,115
    NBKC BANK 4 6.03% $18,651
    Keystone Funding, Inc. 4 6.63% $35,090
    BRIDGELOCK CAPITAL 4 6.63% $22,135
    BM Real Estate Services, Inc. 4 7.03% $19,553
    DEL SUR CORPORATION 4 5.81% $20,447
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 6.17% $24,754
    LOANLEADERS OF AMERICA, INC. 3 6.00% $31,316
    Northpointe Bank 3 5.67% $19,962
    Summit Mortgage Corporation 3 6.25% $20,452
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.67% $22,333
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 3 6.04% $16,242
    FBC MORTGAGE, LLC 3 5.92% $16,033
    HOMEXPRESS MORTGAGE CORP. 3 6.75% $31,036
    LAKEVIEW LOAN SERVICING, LLC 3 5.92% $15,642
    RANLIFE, INC. 2 6.38% $24,855
    Strong Home Mortgage, LLC 2 6.56% $18,823
    San Diego Funding 2 6.19% $20,384
    BMO Harris Bank 2 7.00% $14,078
    Ixonia Bank 2 6.81% $34,412
    Bank of America 2 6.13% $13,028
    CITY FIRST MORTGAGE SERVICES, L.L.C. 2 6.31% $38,018
    BETTER MORTGAGE CORPORATION 2 5.19% $50,223
    HOMEOWNERS FINANCIAL GROUP USA, LLC 2 6.38% $22,925
    MORTGAGEONE, INC. 2 6.44% $16,031
    A&D Mortgage LLC 2 6.44% $50,319
    POINT Mortgage 2 5.69% $18,003
    DAS Acquisition Company, LLC 2 6.56% $19,636
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 2 6.13% $21,308
    Victorian Finance, LLC 2 7.00% $18,127
    EMBRACE HOME LOANS, INC. 2 6.44% $28,657
    AMCAP MORTGAGE, LTD. 2 6.37% $23,787
    NexBank 2 5.50% $19,344
    CHERRY CREEK MORTGAGE, LLC 2 5.94% $5,669
    Evolve Bank & Trust 2 7.19% $16,765
    INTERCAP LENDING INC. 2 6.56% $23,604
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 4.75% $30,912
    FIRST COMMUNITY MORTGAGE, INC. 1 6.25% $24,931
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 6.25% $25,314
    First Bank 1 6.25% $18,460
    Financial Partners Credit Union 1 7.00% $10,127
    FINANCE OF AMERICA MORTGAGE LLC 1 6.13% $25,473
    HOMESIDE FINANCIAL, LLC 1 7.25% $21,803
    HomeStreet Bank 1 6.63% $20,001
    ISERVE RESIDENTIAL LENDING, LLC 1 7.25% $7,526
    EMM LOANS LLC 1 6.88% $31,881
    East Coast Capital Corp. 1 5.50% $33,507
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 6.25% $18,238
    LEADERONE FINANCIAL CORPORATION 1 5.63% $17,411
    LENOX FINANCIAL MORTGAGE CORPORATION 1 5.25% $21,231
    DATA MORTGAGE, INC. 1 6.63% $35,416
    MID AMERICA MORTGAGE, INC. 1 6.75% $7,759
    Community First National Bank 1 6.75% $28,245
    MY MORTGAGE, INC. 1 7.25% $20,632
    CHOICE LENDING CORP. 1 5.75% $21,254
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 5.75% $32,584
    CASTLE & COOKE MORTGAGE, LLC 1 7.13% $26,535
    ON Q FINANCIAL, INC. 1 7.25% $13,834
    PENTAGON FEDERAL CREDIT UNION 1 6.13% $20,031
    PHH Mortgage Corporation 1 6.99% $12,404
    Platinum Home Mortgage Corporation 1 6.25% $15,410
    PREMIER LENDING, INC. 1 7.50% $43,444
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.13% $15,021
    PULTE MORTGAGE LLC 1 5.75% $19,045
    RMS & Associates 1 6.25% $24,771
    Armed Forces Bank 1 6.38% $43,617
    Ameris Bank 1 7.13% $18,223
    Sunflower Bank 1 7.13% $39,177
    SWBC MORTGAGE CORPORATION 1 7.13% $18,998
    The Central Trust Bank 1 6.50% $22,141
    THE GOLDEN 1 1 6.13% $28,176
    AMERICAN FINANCING CORPORATION 1 5.63% $17,987
    ALLIED MORTGAGE GROUP, INC. 1 6.25% $17,635
    V.I.P. MORTGAGE, INC. 1 6.25% $18,440
    First Standard Financial Corp. 1 6.63% $16,437

    The top Los Angeles FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 1,807 FHA loans originated. Their average total fees are $24,798, which is $2,920 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Los Angeles FHA lenders (with over 10 loans originated) are BANC ONE MORTGAGE CORPORATION ($9,370), HOMEAMERICAN MORTGAGE CORPORATION ($13,632), DHI MORTGAGE COMPANY, LTD. ($13,653), JPMorgan Chase Bank ($16,342) and VISION ONE MORTGAGE, INC. ($16,418).

    The lowest rate Los Angeles FHA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (5.53%), AMERISAVE MORTGAGE CORPORATION (5.63%), DHI MORTGAGE COMPANY, LTD. (5.67%), First-Citizens Bank & Trust Company (5.73%) and LOANPAL, LLC (5.77%).

    Los Angeles FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    LOS ANGELES-LONG BEACH-ANAHEIM, CA LOS ANGELES 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    LOS ANGELES-LONG BEACH-ANAHEIM, CA ORANGE 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    LOS ANGELES-LONG BEACH-ANAHEIM, CA LOS ANGELES 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    LOS ANGELES-LONG BEACH-ANAHEIM, CA ORANGE 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200

    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).