Los Angeles FHA Loan Rates, Closing Costs & Stats

Los Angeles-Long Beach-Anaheim, CA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Loan Limits
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 227 lenders originated 12,460 FHA loans during 2022. The total origination value was $6,628,170,000, with an average FHA loan value of $531,956.

    Los Angeles FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Los Angeles averaged -0.57% for the week of 2023-11-24, compared to the national average (all FHA variants) of 0% for the same period.

    Los Angeles's average FHA mortgage closing costs are $14,477.

    The average rate for the prior week (2023-11-17) was 6.32% and one month ago for the week of 2023-10-20, the average rate was 6.53%.

    The average rate one year ago was 6.05%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.83%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 1,531 4.68% $20,826
    QUICKEN LOANS, LLC 763 4.41% $18,977
    BECKAM FUNDING CORP. 698 5.81% $32,819
    OCMBC, INC. 458 4.85% $20,541
    LOANDEPOT.COM, LLC 330 4.31% $18,985
    HOME POINT FINANCIAL CORPORATION 237 4.06% $18,821
    BROKER SOLUTIONS, INC. 166 4.80% $19,340
    PENNYMAC LOAN SERVICES, LLC 156 4.04% $16,452
    CALIBER HOME LOANS, INC. 154 4.27% $20,249
    FINANCE OF AMERICA MORTGAGE LLC 147 4.47% $20,786
    Paramount Residential Mortgage Group, Inc. 138 4.83% $18,931
    FREEDOM MORTGAGE CORPORATION 121 3.95% $14,480
    RESIDENTIAL BANCORP 120 4.75% $22,240
    NATIONS DIRECT MORTGAGE, LLC 106 4.48% $19,016
    CARDINAL FINANCIAL 104 4.60% $21,852
    Carrington Mortgage Services, LLC 102 4.44% $19,588
    CROSSCOUNTRY MORTGAGE, LLC 99 5.11% $21,816
    HOMEBRIDGE FINANCIAL SERVICES, INC. 94 4.62% $21,386
    CAMPOS FINANCIAL CORP. 93 4.70% $17,839
    AMERICAN PACIFIC MORTGAGE CORPORATION 90 4.70% $21,624
    SUN WEST MORTGAGE COMPANY, INC. 86 4.22% $18,826
    Mr. Cooper ( Nationstar Mortgage ) 86 4.19% $16,952
    AMERISAVE MORTGAGE CORPORATION 83 4.26% $20,630
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 75 4.87% $21,361
    Equity Prime Mortgage LLC 72 4.76% $20,685
    Golden Empire Mortgage, Inc. 70 4.77% $22,917
    Hometown Equity Mortgage, LLC 70 4.74% $20,598
    AUGUSTA FINANCIAL, INC. 69 4.59% $18,973
    GUILD MORTGAGE COMPANY 67 4.71% $22,152
    HOME APPROVALS DIRECT, INC. 63 4.72% $23,377
    PLANET HOME LENDING, LLC 62 3.83% $18,100
    GUARANTEED RATE, INC. 61 4.23% $17,907
    VISION ONE MORTGAGE, INC. 61 4.74% $15,302
    Flagstar Bank, FSB 59 4.44% $18,312
    MOVEMENT MORTGAGE, LLC 58 4.52% $21,695
    Lakeview Community Capital, LLC 55 3.29% $8,445
    NEWREZ LLC 53 4.58% $18,144
    LAKEVIEW LOAN SERVICING, LLC 51 3.57% $12,609
    MORTGAGE MANAGEMENT CONSULTANTS, INC. 47 5.05% $14,771
    CMG MORTGAGE, INC. 47 4.65% $22,103
    AMCAP MORTGAGE, LTD. 47 4.82% $20,341
    JMJ FINANCIAL GROUP 43 4.73% $21,239
    MOUNTAIN WEST FINANCIAL, INC. 43 4.90% $23,603
    Century Mortgage Company DBA Century Lending Company 38 4.64% $19,584
    BAY EQUITY LLC 37 5.06% $22,639
    EAGLE HOME MORTGAGE, LLC 37 4.26% $20,353
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 35 4.83% $20,922
    iCore Lending, Inc. 31 4.49% $23,689
    PANORAMA MORTGAGE GROUP, LLC 31 5.50% $24,257
    MK LENDING CORP. 31 4.48% $24,085
    DRAPER AND KRAMER MORTGAGE CORP. 28 4.26% $16,472
    EVERETT FINANCIAL, INC. 28 5.06% $13,671
    AHL FUNDING 26 4.72% $27,274
    Franklin Loan Corporation 26 5.24% $23,119
    ML Mortgage Corp. 24 5.07% $22,621
    VILLAGE CAPITAL MORTGAGE 24 3.93% $15,438
    Sierra Pacific Mortgage Company, Inc. 23 5.45% $22,602
    JPMorgan Chase Bank 23 4.67% $13,231
    Pacific Lending LLC 22 4.65% $20,008
    PRIMELENDING, A PLAINSCAPITAL COMPANY 22 5.71% $22,807
    CALCON MUTUAL MORTGAGE LLC 22 5.30% $26,452
    Barrington Bank & Trust Company, N.A. 21 4.25% $16,885
    WALL FINANCIAL, INC. 18 4.44% $23,785
    HighTechLending Inc 18 5.01% $17,279
    S1L, Inc. 17 5.16% $20,292
    CHERRY CREEK MORTGAGE, LLC 17 4.54% $6,284
    PLAZA HOME MORTGAGE, INC. 17 4.78% $24,688
    ST FIN CORP 17 4.91% $24,093
    GUARANTEED RATE AFFINITY, LLC 16 4.74% $18,387
    ALAMEDA MORTGAGE CORPORATION 15 4.05% $14,586
    Nations Lending Corporation 15 5.18% $16,661
    MLD MORTGAGE INC. 15 4.35% $16,539
    TOP FLITE FINANCIAL, INC. 15 5.30% $21,833
    HOMEAMERICAN MORTGAGE CORPORATION 14 3.33% $10,909
    Commerce Home Mortgage, Inc. 14 4.49% $22,505
    NFM, INC. 14 4.75% $23,135
    ONY GLO, INC. 14 4.62% $17,906
    United Fidelity Funding Corp. 13 4.87% $19,728
    INTELLILOAN, INC. 13 3.87% $19,240
    U.S. Bank 12 4.01% $18,165
    DIGNIFIED HOME LOANS, LLC 11 4.76% $18,410
    SECURITYNATIONAL MORTGAGE COMPANY 11 4.41% $17,344
    KBHS HOME LOANS, LLC 11 3.75% $25,267
    MID AMERICA MORTGAGE, INC. 10 5.02% $7,494
    NETWORK CAPITAL FUNDING CORPORATION 10 4.55% $14,934
    DATA MORTGAGE, INC. 10 4.78% $21,543
    BEST CAPITAL FUNDING 10 3.60% $19,653
    AMERIFIRST FINANCIAL CORPORATION 10 4.50% $24,409
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 10 4.81% $22,363
    SUMMIT FUNDING, INC. 9 4.86% $23,481
    JMAC LENDING, INC. 9 4.86% $18,822
    AXIA FINANCIAL, LLC 9 5.39% $25,335
    MUTUAL OF OMAHA MORTGAGE, INC. 9 4.86% $22,193
    LADERA LENDING, INC. 9 4.47% $17,506
    MUFG Union Bank 9 4.68% $15,736
    LENDING 3, INC. 8 6.56% $22,630
    First-Citizens Bank & Trust Company 8 4.86% $26,366
    Bank of America 8 3.73% $14,668
    AmeriHome Mortgage Company, LLC 8 4.76% $15,484
    The Federal Savings Bank 8 3.86% $22,706
    First Guaranty Mortgage Corporation 8 3.55% $14,886
    ENVOY MORTGAGE, LTD 8 4.30% $18,917
    CALCULATED RISK ANALYTICS LLC 7 3.93% $22,468
    LOANPAL, LLC 7 4.38% $26,178
    CUSTOMER SERVICE MORTGAGE CORPORATION 7 5.21% $16,665
    ACADEMY MORTGAGE CORPORATION 6 6.06% $27,999
    DHI MORTGAGE COMPANY, LTD. 6 3.42% $18,541
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 6 5.33% $15,440
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 6 5.17% $23,776
    MASON MCDUFFIE MORTGAGE CORPORATION 6 4.19% $16,035
    MICHIGAN MUTUAL, INC. 6 3.73% $15,718
    Prime Choice Funding Inc. 5 3.43% $13,148
    FIRST CENTENNIAL MORTGAGE CORPORATION 5 4.63% $33,230
    MORTGAGEONE, INC. 5 5.18% $25,452
    GEO-CORP, INC. 5 6.33% $22,702
    Wells Fargo Bank 5 4.85% $10,601
    Amerifirst Financial, Inc. 5 5.65% $19,888
    HOMESIDE FINANCIAL, LLC 5 4.78% $17,679
    Peoples Bank 5 4.68% $27,528
    SOVEREIGN LENDING GROUP INCORPORATED 5 4.67% $13,465
    MORTGAGE SOLUTIONS OF COLORADO, LLC 5 5.20% $30,069
    Strong Home Mortgage, LLC 5 4.80% $12,348
    AMERICAN FINANCING CORPORATION 4 4.13% $17,445
    MORIA DEVELOPMENT, INC. 4 4.88% $23,521
    DEL SUR CORPORATION 4 4.59% $16,412
    LOANLEADERS OF AMERICA, INC. 4 4.78% $14,831
    GOLDEN WEST ALLIANCE, INC. 4 4.69% $19,256
    HOMEOWNERS FINANCIAL GROUP USA, LLC 3 4.92% $21,381
    CORNERSTONE HOME LENDING, INC. 3 4.25% $20,589
    NMSI, INC. 3 5.17% $21,904
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.13% $24,845
    NOVA FINANCIAL & INVESTMENT CORPORATION 3 3.13% $12,135
    MORTGAGE CAPITAL PARTNERS, INC. 3 4.88% $26,939
    Prosperity Home Mortgage, LLC 3 5.42% $24,655
    GENEVA FINANCIAL, LLC 3 5.13% $30,044
    Residential Mortgage Solutions, Inc. 3 6.08% $21,116
    VERITAS FUNDING, LLC 3 4.21% $27,095
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 3 4.04% $17,645
    CONTOUR MORTGAGE CORPORATION 3 4.75% $33,913
    OPEN MORTGAGE, LLC 3 4.50% $19,884
    BEST FINANCE CAPITAL, INC. 3 6.87% $17,186
    Citizens Bank 3 4.75% $13,458
    Plains Commerce Bank 3 5.25% $27,787
    Shea Mortgage Inc. 3 5.50% $20,911
    HOMEOWNERS FIRST MORTGAGE, LLC 3 4.71% $26,084
    DAS Acquisition Company, LLC 3 4.83% $30,130
    INSPIRE HOME LOANS INC. 2 3.88% $15,971
    FBC MORTGAGE, LLC 2 5.69% $19,059
    Mortgage Research Center, LLC 2 5.88% $21,450
    HomeStreet Bank 2 4.63% $25,907
    RMS & Associates 2 4.19% $21,443
    DIRECT MORTGAGE, CORP. 2 4.63% $26,782
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 2 6.00% $18,048
    STEARNS LENDING, LLC 2 2.75% $12,062
    INTERCAP LENDING INC. 2 4.50% $27,228
    AMWEST FUNDING CORP. 2 3.38% $580,315
    HOME FUNDING CORPORATION 2 5.00% $32,274
    NuVision Federal Credit Union 2 5.75% $15,928
    HOMEXPRESS MORTGAGE CORP. 2 4.75% $29,367
    TOWNE MORTGAGE COMPANY 2 4.50% $18,647
    Ameris Bank 2 3.00% $11,587
    Cornerstone First Mortgage, Inc 2 4.44% $18,984
    VAN DYK MORTGAGE CORPORATION 2 4.94% $19,481
    First Standard Financial Corp. 2 5.13% $27,122
    ALLIED MORTGAGE GROUP, INC. 2 2.63% $15,978
    Watermark Capital, Inc. 2 3.38% $16,658
    Waterstone Mortgage Corporation 2 4.31% $20,350
    Hometown Lenders, Inc. 2 3.50% $14,154
    Willamette Valley Bank 1 5.75% $14,558
    IMPAC MORTGAGE CORP. 1 5.25% $18,940
    INLAND BANK & TRUST 1 3.38% $19,113
    ISERVE RESIDENTIAL LENDING, LLC 1 6.75% $20,343
    KINECTA 1 4.75% $28,650
    GoPrime Mortgage, Inc. 1 6.25% $17,964
    LAND HOME FINANCIAL SERVICES, INC. 1 4.75% $19,684
    Lend Smart Mortgage, LLC 1 4.00% $8,416
    Loan Simple, Inc. 1 5.38% $20,126
    Magnolia Bank 1 4.50% $10,601
    MANN FINANCIAL INC. 1 6.13% $22,074
    Wyndham Capital Mortgage, Inc. 1 4.00% $16,443
    ZILLOW HOME LOANS, LLC 1 4.75% $10,635
    Florida Capital Bank 1 2.25% $32,878
    First Bank 1 4.63% $29,976
    FAY SERVICING, LLC 1 3.13% $13,144
    Evolve Bank & Trust 1 4.50% $16,658
    EMM LOANS LLC 1 2.75% $26,395
    M&T Bank 1 3.50% $8,965
    EMBRACE HOME LOANS, INC. 1 3.50% $16,034
    NATIONS RELIABLE LENDING, LLC 1 4.13% $15,624
    NBKC BANK 1 5.38% $19,447
    Neighborhood Loans, Inc. 1 5.00% $16,734
    Credence Funding Corporation 1 4.63% $14,234
    North American Savings Bank, F.S.B. 1 5.13% $21,215
    OAKTREE FUNDING CORP. 1 5.25% $40,216
    ON Q FINANCIAL, INC. 1 3.50% $18,225
    CITYWIDE HOME LOANS, LLC 1 5.63% $16,694
    CIS Financial Services, Inc. 1 4.38% $14,643
    CHURCHILL MORTGAGE CORPORATION 1 5.63% $31,806
    CASTLE & COOKE MORTGAGE, LLC 1 6.25% $9,389
    Platinum Home Mortgage Corporation 1 3.75% $24,983
    CAPSTONE DIRECT, INC. 1 4.75% $24,239
    PNC Bank 1 6.25% $12,606
    PREMIA MORTGAGE, LLC 1 5.13% $10,418
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 4.75% $22,198
    CALLISTO GROUP, INC. 1 5.25% $22,986
    BNC National Bank 1 4.50% $19,178
    RANLIFE, INC. 1 5.50% $25,781
    BETTER MORTGAGE CORPORATION 1 3.63% $23,812
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.38% $19,122
    SCHOOLSFIRST 1 6.00% $16,820
    Bell Bank 1 6.00% $21,808
    BELEM SERVICING LLC 1 4.25% $12,918
    South Pacific Financial Corporation 1 3.75% $20,168
    Bank of the West 1 6.25% $18,387
    Bank of England 1 3.50% $15,539
    Sunflower Bank 1 3.49% $19,946
    ARC HOME LLC 1 3.50% $14,996
    The Central Trust Bank 1 2.25% $16,021
    The Home Loan Expert LLC 1 4.99% $21,121
    The Huntington National Bank 1 3.50% $16,072
    TJC Mortgage, Inc. 1 4.38% $39,199
    AmRes Corporation 1 6.50% $10,343
    UNITED SECURITY FINANCIAL CORP 1 6.88% $38,039
    Victorian Finance, LLC 1 4.75% $13,401
    AMERICAN ADVISORS GROUP 1 4.63% $13,172
    V.I.P. MORTGAGE, INC. 1 5.25% $21,765
    Advisors Mortgage Group, L.L.C. 1 5.13% $13,858

    The top Los Angeles FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 1,531 FHA loans originated. Their average total fees are $20,826, which is $1,849 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Los Angeles FHA lenders (with over 10 loans originated) are CHERRY CREEK MORTGAGE, LLC ($6,284), MID AMERICA MORTGAGE, INC. ($7,494), Lakeview Community Capital, LLC ($8,445), HOMEAMERICAN MORTGAGE CORPORATION ($10,909) and LAKEVIEW LOAN SERVICING, LLC ($12,609).

    The lowest rate Los Angeles FHA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC (3.29%), HOMEAMERICAN MORTGAGE CORPORATION (3.33%), LAKEVIEW LOAN SERVICING, LLC (3.57%), BEST CAPITAL FUNDING (3.60%) and KBHS HOME LOANS, LLC (3.75%).

    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 $778,750 (9.8%) $1,736,504 (14.7%) 2.89 12,709
    2018-02-01 $789,444 (7.9%) $1,725,793 (11.2%) 2.87 13,762
    2018-03-01 $799,900 (5.8%) $1,721,381 (6.8%) 2.81 14,582
    2018-04-01 $825,000 (6.5%) $1,701,526 (4.8%) 2.80 15,991
    2018-05-01 $824,450 (3.9%) $1,702,166 (4.0%) 2.75 17,287
    2018-06-01 $820,000 (4.3%) $1,686,287 (3.7%) 2.73 18,773
    2018-07-01 $799,975 (2.7%) $1,651,547 (2.9%) 2.67 20,304
    2018-08-01 $784,450 (2.0%) $1,584,772 (-1.3%) 2.63 21,230
    2018-09-01 $769,200 (0.0%) $1,559,038 (-3.0%) 2.59 22,128
    2018-10-01 $762,500 (-0.5%) $1,557,410 (-4.8%) 2.58 22,809
    2018-11-01 $753,500 (-2.1%) $1,549,112 (-6.9%) 2.55 22,803
    2018-12-01 $749,000 (-3.8%) $1,569,118 (-9.7%) 2.58 20,249
    2019-01-01 $741,250 (-4.8%) $1,567,497 (-9.7%) 2.56 18,976
    2019-02-01 $749,450 (-5.1%) $1,602,067 (-7.2%) 2.53 19,544
    2019-03-01 $770,571 (-3.7%) $1,632,503 (-5.2%) 2.52 19,912
    2019-04-01 $798,500 (-3.2%) $1,651,016 (-3.0%) 2.54 20,309
    2019-05-01 $805,000 (-2.4%) $1,679,899 (-1.3%) 2.52 21,471
    2019-06-01 $825,000 (0.6%) $1,677,918 (-0.5%) 2.58 21,742
    2019-07-01 $829,950 (3.8%) $1,689,230 (2.3%) 2.60 22,094
    2019-08-01 $836,091 (6.6%) $1,703,706 (7.5%) 2.65 21,519
    2019-09-01 $837,727 (8.9%) $1,727,483 (10.8%) 2.68 20,561
    2019-10-01 $836,818 (9.8%) $1,750,078 (12.4%) 2.70 19,671
    2019-11-01 $835,000 (10.8%) $1,809,367 (16.8%) 2.74 17,778
    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%) $1,993,844 (24.5%) 2.91 12,891
    2020-03-01 $908,500 (17.9%) $2,004,069 (22.8%) 2.85 12,819
    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 $949,495 (13.3%) $2,019,549 (16.9%) 2.72 14,546
    2020-10-01 $949,500 (13.5%) $2,028,792 (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%) $2,167,414 (14.3%) 2.83 12,033
    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 $974,925 (14.0%) $2,285,108 (24.9%) 2.64 9,784
    2021-05-01 $975,000 (11.4%) $2,295,012 (26.1%) 2.59 9,726
    2021-06-01 $966,950 (5.5%) $2,268,145 (18.2%) 2.55 10,228
    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%) 2.47 7,097
    2022-01-01 $920,000 (-3.2%) $2,487,238 (9.5%) 2.49 6,105
    2022-02-01 $949,019 (-2.1%) $2,521,011 (7.4%) 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%) $2,152,879 (-5.1%) 2.22 11,977
    2022-07-01 $970,000 (2.1%) $2,020,314 (-7.5%) 2.19 14,722
    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%) $2,089,845 (-11.0%) 2.31 12,280
    2023-01-01 $938,458 (2.0%) $2,182,624 (-12.3%) 2.33 10,562
    2023-02-01 $973,500 (2.6%) $2,408,719 (-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 8,854
    2023-05-01 $1,150,222 (15.9%) $2,688,766 (19.8%) 2.61 9,036
    2023-06-01 $1,172,450 (17.7%) $2,666,379 (23.9%) 2.63 9,489
    2023-07-01 $1,195,000 (23.2%) $2,668,889 (32.1%) 2.72 9,992
    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
    Los Angeles's median listing price for 2023-10-01 was $1,159,000, a difference of $219,000 (23.3%) versus the prior year and $-16,000 versus the prior month.

    Los Angeles's median listing price comes in at 273% of the national average.

    Los Angeles's average listing price for 2023-10-01 was $2,526,260, a difference of $559,971 (28.5%) versus the prior year and $-52,635 versus the prior month.

    For the 2023-10-01 period, Los Angeles had 11,224 MLS listings, a difference of 613 listings (6%) versus the prior month and -3,376 listings (-23%) 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 1,889 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 1,818 sqft
    2018-10-01 41 days 1,797 sqft
    2018-11-01 44 days 1,778 sqft
    2018-12-01 54 days 1,765 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 1,876 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 1,831 sqft
    2020-05-01 59 days 1,844 sqft
    2020-06-01 48 days 1,871 sqft
    2020-07-01 46 days 1,886 sqft
    2020-08-01 44 days 1,874 sqft
    2020-09-01 45 days 1,853 sqft
    2020-10-01 45 days 1,841 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 1,806 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 1,719 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 1,693 sqft
    2022-02-01 30 days 1,699 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 1,712 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 1,814 sqft
    2023-06-01 39 days 1,830 sqft
    2023-07-01 41 days 1,852 sqft
    2023-08-01 41 days 1,832 sqft
    2023-09-01 45 days 1,830 sqft
    2023-10-01 44 days 1,813 sqft
    Los Angeles's median listing age (time on market) for 2023-10-01 was 44 days. This is -7% shorter than the same period one year ago.

    Los Angeles's median square footage for active listings during the 2023-10-01 period was 1,813 sqft. One year prior, the average listing was 1,702 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).