Los Angeles FHA Loan Rates, Closing Costs & Stats

Los Angeles-Long Beach-Anaheim, 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.

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 6.86% for the week of 2024-05-24, compared to the national average (all FHA variants) of 6.746% for the same period.

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

The average rate for the prior week (2024-05-17) was 6.66% and one month ago for the week of 2024-04-19, the average rate was 6.68%.

The average rate one year ago was 6.5%.

For refis of the same type during the week of 2024-05-24, the average rate was 6.67%.

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

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Los Angeles (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 $778,250 (9.7%) $1,736,109 (14.6%) 2.89 12,707
2018-02-01 $789,250 (7.8%) $1,725,422 (11.2%) 2.87 13,760
2018-03-01 $799,900 (5.8%) $1,721,029 (6.8%) 2.81 14,581
2018-04-01 $825,000 (6.5%) $1,701,177 (4.8%) 2.80 15,990
2018-05-01 $824,450 (4.0%) $1,701,830 (4.0%) 2.75 17,287
2018-06-01 $820,000 (4.3%) $1,686,096 (3.7%) 2.73 18,772
2018-07-01 $799,975 (2.7%) $1,651,202 (2.9%) 2.67 20,303
2018-08-01 $784,450 (2.0%) $1,584,507 (-1.3%) 2.63 21,229
2018-09-01 $769,200 (0.0%) $1,559,038 (-3.0%) 2.59 22,128
2018-10-01 $762,500 (-0.5%) $1,557,399 (-4.8%) 2.58 22,809
2018-11-01 $753,500 (-2.1%) $1,549,112 (-6.8%) 2.55 22,803
2018-12-01 $749,000 (-3.7%) $1,569,232 (-9.7%) 2.58 20,248
2019-01-01 $741,250 (-4.8%) $1,567,544 (-9.7%) 2.56 18,975
2019-02-01 $749,450 (-5.0%) $1,602,138 (-7.2%) 2.53 19,541
2019-03-01 $770,571 (-3.7%) $1,632,577 (-5.1%) 2.52 19,909
2019-04-01 $798,500 (-3.2%) $1,651,006 (-3.0%) 2.54 20,307
2019-05-01 $805,000 (-2.4%) $1,679,919 (-1.3%) 2.52 21,469
2019-06-01 $825,000 (0.6%) $1,677,961 (-0.5%) 2.58 21,739
2019-07-01 $829,950 (3.8%) $1,689,244 (2.3%) 2.60 22,092
2019-08-01 $836,091 (6.6%) $1,703,724 (7.5%) 2.65 21,517
2019-09-01 $837,727 (8.9%) $1,727,508 (10.8%) 2.68 20,560
2019-10-01 $836,818 (9.8%) $1,750,108 (12.4%) 2.70 19,670
2019-11-01 $835,000 (10.8%) $1,809,403 (16.8%) 2.74 17,777
2019-12-01 $845,000 (12.8%) $1,896,057 (20.8%) 2.82 14,152
2020-01-01 $849,000 (14.5%) $1,956,413 (24.8%) 2.84 12,822
2020-02-01 $889,000 (18.6%) $1,993,912 (24.5%) 2.91 12,891
2020-03-01 $908,500 (17.9%) $2,004,105 (22.8%) 2.85 12,818
2020-04-01 $855,000 (7.1%) $1,829,547 (10.8%) 2.68 13,319
2020-05-01 $875,000 (8.7%) $1,820,358 (8.4%) 2.66 15,151
2020-06-01 $917,000 (11.2%) $1,918,493 (14.3%) 2.70 15,155
2020-07-01 $947,000 (14.1%) $2,002,816 (18.6%) 2.74 14,649
2020-08-01 $950,000 (13.6%) $2,039,166 (19.7%) 2.72 14,426
2020-09-01 $949,475 (13.3%) $2,019,469 (16.9%) 2.72 14,549
2020-10-01 $949,500 (13.5%) $2,028,867 (15.9%) 2.72 14,837
2020-11-01 $949,500 (13.7%) $2,057,568 (13.7%) 2.78 14,197
2020-12-01 $949,450 (12.4%) $2,167,504 (14.3%) 2.82 12,032
2021-01-01 $950,000 (11.9%) $2,271,561 (16.1%) 2.84 10,268
2021-02-01 $969,000 (9.0%) $2,348,451 (17.8%) 2.82 9,944
2021-03-01 $970,000 (6.8%) $2,318,254 (15.7%) 2.75 9,753
2021-04-01 $974,900 (14.0%) $2,285,206 (24.9%) 2.64 9,783
2021-05-01 $975,000 (11.4%) $2,295,012 (26.1%) 2.59 9,725
2021-06-01 $966,450 (5.4%) $2,268,343 (18.2%) 2.54 10,226
2021-07-01 $949,999 (0.3%) $2,184,845 (9.1%) 2.51 11,067
2021-08-01 $921,223 (-3.0%) $2,131,113 (4.5%) 2.46 11,122
2021-09-01 $912,100 (-3.9%) $2,120,682 (5.0%) 2.43 10,569
2021-10-01 $925,000 (-2.6%) $2,167,961 (6.9%) 2.47 10,089
2021-11-01 $910,000 (-4.2%) $2,219,415 (7.9%) 2.43 8,871
2021-12-01 $909,725 (-4.2%) $2,347,834 (8.3%) 2.46 7,097
2022-01-01 $920,000 (-3.2%) $2,487,238 (9.5%) 2.49 6,105
2022-02-01 $949,000 (-2.1%) $2,520,710 (7.3%) 2.47 6,506
2022-03-01 $975,000 (0.5%) $2,457,614 (6.0%) 2.44 6,938
2022-04-01 $980,000 (0.5%) $2,351,919 (2.9%) 2.34 7,541
2022-05-01 $992,875 (1.8%) $2,244,648 (-2.2%) 2.27 10,013
2022-06-01 $996,500 (3.1%) $2,152,828 (-5.1%) 2.22 11,978
2022-07-01 $970,000 (2.1%) $2,020,230 (-7.5%) 2.19 14,723
2022-08-01 $950,000 (3.1%) $1,962,449 (-7.9%) 2.20 15,038
2022-09-01 $949,450 (4.1%) $1,976,198 (-6.8%) 2.22 14,466
2022-10-01 $940,000 (1.6%) $1,966,289 (-9.3%) 2.21 14,600
2022-11-01 $933,944 (2.6%) $2,000,023 (-9.9%) 2.25 14,345
2022-12-01 $935,000 (2.8%) $2,089,747 (-11.0%) 2.31 12,280
2023-01-01 $938,458 (2.0%) $2,182,624 (-12.3%) 2.32 10,562
2023-02-01 $973,500 (2.6%) $2,408,638 (-4.5%) 2.35 9,824
2023-03-01 $999,500 (2.5%) $2,533,452 (3.1%) 2.36 9,240
2023-04-01 $1,099,999 (12.2%) $2,633,826 (12.0%) 2.56 8,852
2023-05-01 $1,150,444 (15.9%) $2,688,545 (19.8%) 2.61 9,039
2023-06-01 $1,169,975 (17.4%) $2,665,519 (23.8%) 2.63 9,471
2023-07-01 $1,195,000 (23.2%) $2,668,863 (32.1%) 2.72 9,990
2023-08-01 $1,162,500 (22.4%) $2,581,695 (31.6%) 2.67 10,503
2023-09-01 $1,175,000 (23.8%) $2,578,895 (30.5%) 2.74 10,611
2023-10-01 $1,159,000 (23.3%) $2,526,260 (28.5%) 2.73 11,224
2023-11-01 $1,150,000 (23.1%) $2,552,219 (27.6%) 2.74 11,424
2023-12-01 $1,100,000 (17.7%) $2,601,702 (24.5%) 2.68 10,044
2024-01-01 $1,100,000 (17.2%) $2,663,478 (22.0%) 2.69 9,158
2024-02-01 $1,137,000 (16.8%) $2,700,737 (12.1%) 2.74 9,411
2024-03-01 $1,150,000 (15.1%) $2,683,379 (5.9%) 2.71 9,736
2024-04-01 $1,192,000 (8.4%) $2,670,091 (1.4%) 2.77 10,595
Los Angeles's median listing price for 2024-04-01 was $1,192,000, a difference of $92,001 (8.4%) versus the prior year and $42,000 versus the prior month.

Los Angeles's median listing price comes in at 277% of the national average.

Los Angeles's average listing price for 2024-04-01 was $2,670,091, a difference of $36,265 (1.4%) versus the prior year and $-13,288 versus the prior month.

For the 2024-04-01 period, Los Angeles had 10,595 MLS listings, a difference of 859 listings (9%) versus the prior month and 1,743 listings (20%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Los Angeles (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 46 days 1,865 sqft
2018-02-01 30 days 1,876 sqft
2018-03-01 31 days 1,888 sqft
2018-04-01 31 days 1,907 sqft
2018-05-01 30 days 1,913 sqft
2018-06-01 32 days 1,906 sqft
2018-07-01 35 days 1,898 sqft
2018-08-01 37 days 1,849 sqft
2018-09-01 39 days 1,819 sqft
2018-10-01 41 days 1,798 sqft
2018-11-01 44 days 1,778 sqft
2018-12-01 54 days 1,766 sqft
2019-01-01 57 days 1,750 sqft
2019-02-01 40 days 1,756 sqft
2019-03-01 41 days 1,795 sqft
2019-04-01 43 days 1,830 sqft
2019-05-01 43 days 1,857 sqft
2019-06-01 45 days 1,875 sqft
2019-07-01 47 days 1,889 sqft
2019-08-01 48 days 1,883 sqft
2019-09-01 50 days 1,875 sqft
2019-10-01 51 days 1,865 sqft
2019-11-01 53 days 1,861 sqft
2019-12-01 64 days 1,860 sqft
2020-01-01 64 days 1,864 sqft
2020-02-01 44 days 1,901 sqft
2020-03-01 44 days 1,920 sqft
2020-04-01 51 days 1,830 sqft
2020-05-01 59 days 1,843 sqft
2020-06-01 48 days 1,870 sqft
2020-07-01 46 days 1,884 sqft
2020-08-01 44 days 1,873 sqft
2020-09-01 45 days 1,853 sqft
2020-10-01 45 days 1,840 sqft
2020-11-01 50 days 1,823 sqft
2020-12-01 62 days 1,814 sqft
2021-01-01 63 days 1,808 sqft
2021-02-01 43 days 1,800 sqft
2021-03-01 39 days 1,799 sqft
2021-04-01 40 days 1,807 sqft
2021-05-01 38 days 1,805 sqft
2021-06-01 36 days 1,786 sqft
2021-07-01 35 days 1,760 sqft
2021-08-01 36 days 1,725 sqft
2021-09-01 39 days 1,718 sqft
2021-10-01 38 days 1,720 sqft
2021-11-01 43 days 1,714 sqft
2021-12-01 49 days 1,714 sqft
2022-01-01 45 days 1,694 sqft
2022-02-01 30 days 1,700 sqft
2022-03-01 30 days 1,722 sqft
2022-04-01 29 days 1,732 sqft
2022-05-01 29 days 1,729 sqft
2022-06-01 31 days 1,737 sqft
2022-07-01 33 days 1,703 sqft
2022-08-01 41 days 1,701 sqft
2022-09-01 47 days 1,704 sqft
2022-10-01 47 days 1,702 sqft
2022-11-01 51 days 1,702 sqft
2022-12-01 61 days 1,713 sqft
2023-01-01 68 days 1,704 sqft
2023-02-01 52 days 1,737 sqft
2023-03-01 46 days 1,757 sqft
2023-04-01 44 days 1,792 sqft
2023-05-01 39 days 1,815 sqft
2023-06-01 39 days 1,832 sqft
2023-07-01 41 days 1,854 sqft
2023-08-01 41 days 1,835 sqft
2023-09-01 45 days 1,830 sqft
2023-10-01 44 days 1,813 sqft
2023-11-01 47 days 1,809 sqft
2023-12-01 54 days 1,789 sqft
2024-01-01 57 days 1,784 sqft
2024-02-01 40 days 1,795 sqft
2024-03-01 42 days 1,800 sqft
2024-04-01 39 days 1,817 sqft
Los Angeles's median listing age (time on market) for 2024-04-01 was 39 days. This is -13% shorter than the same period one year ago.

Los Angeles's median square footage for active listings during the 2024-04-01 period was 1,817 sqft. One year prior, the average listing was 1,792 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).