Napa FHA Loan Rates, Closing Costs & Stats

NAPA, 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.

Napa's 29 lenders originated 126 FHA loans during 2022. The total origination value was $67,230,000, with an average FHA loan value of $533,571.

Napa FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Napa averaged -0.82% for the week of 2024-02-23, compared to the national average (all FHA variants) of 0% for the same period.

Napa's average FHA mortgage closing costs are $14,804.

The average rate for the prior week (2024-02-16) was 5.82% and one month ago for the week of 2024-01-19, the average rate was 5.56%.

The average rate one year ago was 5.72%.

For refis of the same type during the week of 2024-02-23, the average rate was -2.01%.

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

Napa 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 Napa level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 11 4.32% $20,587
QUICKEN LOANS, LLC 8 3.58% $16,987
HOMEBRIDGE FINANCIAL SERVICES, INC. 7 4.57% $26,992
Flagstar Bank, FSB 6 5.06% $19,458
CROSSCOUNTRY MORTGAGE, LLC 4 3.78% $21,695
LOANDEPOT.COM, LLC 4 3.63% $18,760
HOME POINT FINANCIAL CORPORATION 3 3.67% $15,798
PENNYMAC LOAN SERVICES, LLC 3 3.46% $14,027
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 5.13% $28,036
EVERETT FINANCIAL, INC. 3 5.79% $15,925
CALIBER HOME LOANS, INC. 2 4.53% $18,362
Mr. Cooper ( Nationstar Mortgage ) 2 3.06% $15,277
FREEDOM MORTGAGE CORPORATION 2 2.94% $11,989
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.13% $28,407
SUMMIT FUNDING, INC. 1 5.99% $35,535
GUARANTEED RATE, INC. 1 6.13% $19,390
AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.25% $24,803
AMERIFIRST FINANCIAL CORPORATION 1 5.25% $33,720
BAY EQUITY LLC 1 4.99% $18,205
CARDINAL FINANCIAL 1 6.63% $14,856
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $14,715
FINANCE OF AMERICA MORTGAGE LLC 1 4.99% $14,827
First Guaranty Mortgage Corporation 1 3.38% $15,680
AHL FUNDING 1 5.50% $20,459
LADERA LENDING, INC. 1 6.00% $19,660
MOUNTAIN WEST FINANCIAL, INC. 1 4.88% $22,405
M&T Bank 1 2.75% $15,604
NEWREZ LLC 1 3.50% $32,158
Sierra Pacific Mortgage Company, Inc. 1 7.13% $13,639

The top Napa FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 11 FHA loans originated. Their average total fees are $20,587, which is $3,599 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Napa FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($20,587), .

The lowest rate Napa FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (4.32%), .

Napa FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
NAPA, CA NAPA 2022 $897,000 $1,148,350 $1,388,050 $1,725,050
NAPA, CA NAPA 2023 $1,017,750 $1,302,900 $1,574,900 $1,957,250

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Napa (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 $844,000 (-5.9%) $1,886,352 (6.0%) 0.00 200
2018-02-01 $849,500 (-6.4%) $1,913,916 (5.9%) 0.00 191
2018-03-01 $850,000 (-10.1%) $1,991,263 (1.9%) 0.00 236
2018-04-01 $990,162 (10.6%) $2,127,186 (6.5%) 0.00 262
2018-05-01 $999,975 (11.7%) $2,159,162 (9.7%) 0.00 320
2018-06-01 $1,047,000 (18.6%) $2,174,341 (4.8%) 0.00 364
2018-07-01 $975,000 (8.5%) $2,129,334 (1.9%) 0.00 387
2018-08-01 $912,250 (-0.3%) $2,076,468 (7.5%) 0.00 380
2018-09-01 $925,000 (0.1%) $2,043,682 (1.0%) 0.00 409
2018-10-01 $942,000 (6.2%) $2,121,273 (1.5%) 0.00 409
2018-11-01 $915,375 (7.7%) $2,018,274 (-2.8%) 0.00 384
2018-12-01 $895,000 (5.3%) $1,847,420 (-8.0%) 0.00 316
2019-01-01 $857,000 (1.5%) $1,705,471 (-9.6%) 0.00 283
2019-02-01 $849,713 (0.0%) $1,667,051 (-12.9%) 0.00 293
2019-03-01 $883,186 (3.9%) $1,788,017 (-10.2%) 0.00 332
2019-04-01 $944,750 (-4.6%) $2,109,283 (-0.8%) 0.00 363
2019-05-01 $1,022,500 (2.3%) $2,216,608 (2.7%) 0.00 439
2019-06-01 $998,250 (-4.7%) $2,239,144 (3.0%) 0.00 465
2019-07-01 $970,000 (-0.5%) $2,169,653 (1.9%) 0.00 475
2019-08-01 $949,000 (4.0%) $2,182,085 (5.1%) 0.00 475
2019-09-01 $949,000 (2.6%) $2,208,080 (8.0%) 0.00 478
2019-10-01 $949,000 (0.7%) $2,251,477 (6.1%) 0.00 477
2019-11-01 $973,000 (6.3%) $2,406,471 (19.2%) 0.00 414
2019-12-01 $948,944 (6.0%) $2,368,169 (28.2%) 0.00 312
2020-01-01 $995,000 (16.1%) $2,287,673 (34.1%) 0.00 243
2020-02-01 $995,000 (17.1%) $2,234,091 (34.0%) 0.00 284
2020-03-01 $1,066,750 (20.8%) $2,279,116 (27.5%) 0.00 333
2020-04-01 $987,000 (4.5%) $2,181,249 (3.4%) 0.00 301
2020-05-01 $989,900 (-3.2%) $2,114,283 (-4.6%) 0.00 392
2020-06-01 $1,091,250 (9.3%) $2,227,204 (-0.5%) 0.00 382
2020-07-01 $1,153,750 (18.9%) $2,313,455 (6.6%) 0.00 376
2020-08-01 $1,260,000 (32.8%) $2,409,199 (10.4%) 0.00 322
2020-09-01 $1,296,000 (36.6%) $2,693,072 (22.0%) 0.00 310
2020-10-01 $1,300,000 (37.0%) $2,620,806 (16.4%) 0.00 306
2020-11-01 $1,323,500 (36.0%) $2,795,898 (16.2%) 0.00 298
2020-12-01 $1,347,250 (42.0%) $2,771,920 (17.1%) 0.00 238
2021-01-01 $1,295,000 (30.2%) $2,704,442 (18.2%) 0.00 218
2021-02-01 $1,296,250 (30.3%) $2,912,672 (30.4%) 0.00 213
2021-03-01 $1,359,750 (27.5%) $2,902,895 (27.4%) 0.00 220
2021-04-01 $1,310,000 (32.7%) $2,956,612 (35.6%) 0.00 226
2021-05-01 $1,395,000 (40.9%) $3,138,336 (48.4%) 0.00 239
2021-06-01 $1,364,750 (25.1%) $3,105,959 (39.5%) 0.00 276
2021-07-01 $1,295,000 (12.2%) $3,118,514 (34.8%) 0.00 282
2021-08-01 $1,250,000 (-0.8%) $3,004,202 (24.7%) 0.00 274
2021-09-01 $1,299,000 (0.2%) $3,022,437 (12.2%) 0.00 272
2021-10-01 $1,250,000 (-3.9%) $2,973,927 (13.5%) 0.00 269
2021-11-01 $1,342,000 (1.4%) $3,342,329 (19.5%) 0.00 207
2021-12-01 $1,490,000 (10.6%) $3,434,267 (23.9%) 0.00 158
2022-01-01 $1,499,500 (15.8%) $3,122,800 (15.5%) 0.00 129
2022-02-01 $1,499,250 (15.7%) $3,124,545 (7.3%) 0.00 144
2022-03-01 $1,695,500 (24.7%) $3,483,337 (20.0%) 0.00 168
2022-04-01 $1,599,000 (22.1%) $3,420,415 (15.7%) 0.00 194
2022-05-01 $1,642,000 (17.7%) $3,447,090 (9.8%) 0.00 215
2022-06-01 $1,572,500 (15.2%) $3,540,751 (14.0%) 0.00 217
2022-07-01 $1,489,500 (15.0%) $3,357,098 (7.7%) 0.00 246
2022-08-01 $1,497,250 (19.8%) $3,399,639 (13.2%) 0.00 273
2022-09-01 $1,382,500 (6.4%) $3,266,821 (8.1%) 0.00 285
2022-10-01 $1,345,000 (7.6%) $3,277,188 (10.2%) 0.00 293
2022-11-01 $1,395,000 (4.0%) $3,104,419 (-7.1%) 0.00 272
2022-12-01 $1,341,525 (-10.0%) $2,946,809 (-14.2%) 0.00 213
2023-01-01 $1,225,000 (-18.3%) $2,979,610 (-4.6%) 0.00 173
2023-02-01 $1,409,250 (-6.0%) $3,028,674 (-3.1%) 0.00 182
2023-03-01 $1,485,500 (-12.4%) $3,207,923 (-7.9%) 0.00 186
2023-04-01 $1,650,000 (3.2%) $3,248,354 (-5.0%) 0.00 211
2023-05-01 $1,788,500 (8.9%) $3,260,522 (-5.4%) 0.00 245
2023-06-01 $1,697,500 (8.0%) $3,283,085 (-7.3%) 0.00 264
2023-07-01 $1,697,000 (13.9%) $3,196,750 (-4.8%) 0.00 275
2023-08-01 $1,650,000 (10.2%) $2,968,384 (-12.7%) 0.00 269
2023-09-01 $1,590,000 (15.0%) $3,151,906 (-3.5%) 0.00 311
2023-10-01 $1,566,250 (16.5%) $3,118,966 (-4.8%) 0.00 319
2023-11-01 $1,512,500 (8.4%) $3,156,117 (1.7%) 0.00 297
2023-12-01 $1,499,000 (11.7%) $3,100,087 (5.2%) 0.00 222
Napa's median listing price for 2023-12-01 was $1,499,000, a difference of $157,475 (11.7%) versus the prior year and $-13,500 versus the prior month.

Napa's median listing price comes in at 0% of the national average.

Napa's average listing price for 2023-12-01 was $3,100,087, a difference of $153,278 (5.2%) versus the prior year and $-56,030 versus the prior month.

For the 2023-12-01 period, Napa had 222 MLS listings, a difference of -75 listings (-25%) versus the prior month and 9 listings (4%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Napa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,934 sqft
2018-02-01 0 days 1,895 sqft
2018-03-01 0 days 1,953 sqft
2018-04-01 0 days 2,063 sqft
2018-05-01 0 days 2,062 sqft
2018-06-01 0 days 2,104 sqft
2018-07-01 0 days 2,034 sqft
2018-08-01 0 days 2,016 sqft
2018-09-01 0 days 2,044 sqft
2018-10-01 0 days 2,063 sqft
2018-11-01 0 days 1,967 sqft
2018-12-01 0 days 1,949 sqft
2019-01-01 0 days 1,897 sqft
2019-02-01 0 days 1,899 sqft
2019-03-01 0 days 1,965 sqft
2019-04-01 0 days 2,089 sqft
2019-05-01 0 days 2,126 sqft
2019-06-01 0 days 2,116 sqft
2019-07-01 0 days 2,016 sqft
2019-08-01 0 days 1,989 sqft
2019-09-01 0 days 1,975 sqft
2019-10-01 0 days 1,958 sqft
2019-11-01 0 days 2,024 sqft
2019-12-01 0 days 2,034 sqft
2020-01-01 0 days 2,088 sqft
2020-02-01 0 days 2,054 sqft
2020-03-01 0 days 2,074 sqft
2020-04-01 0 days 2,047 sqft
2020-05-01 0 days 2,000 sqft
2020-06-01 0 days 2,086 sqft
2020-07-01 0 days 2,115 sqft
2020-08-01 0 days 2,159 sqft
2020-09-01 0 days 2,168 sqft
2020-10-01 0 days 2,138 sqft
2020-11-01 0 days 2,180 sqft
2020-12-01 0 days 2,073 sqft
2021-01-01 0 days 2,112 sqft
2021-02-01 0 days 2,018 sqft
2021-03-01 0 days 2,114 sqft
2021-04-01 0 days 2,128 sqft
2021-05-01 0 days 2,036 sqft
2021-06-01 0 days 2,038 sqft
2021-07-01 0 days 2,016 sqft
2021-08-01 0 days 2,113 sqft
2021-09-01 0 days 2,149 sqft
2021-10-01 0 days 2,037 sqft
2021-11-01 0 days 2,129 sqft
2021-12-01 0 days 2,087 sqft
2022-01-01 0 days 2,092 sqft
2022-02-01 0 days 2,112 sqft
2022-03-01 0 days 2,224 sqft
2022-04-01 0 days 2,166 sqft
2022-05-01 0 days 2,141 sqft
2022-06-01 0 days 2,099 sqft
2022-07-01 0 days 2,068 sqft
2022-08-01 0 days 2,137 sqft
2022-09-01 0 days 2,080 sqft
2022-10-01 0 days 2,026 sqft
2022-11-01 0 days 2,088 sqft
2022-12-01 0 days 2,067 sqft
2023-01-01 0 days 2,071 sqft
2023-02-01 0 days 2,119 sqft
2023-03-01 0 days 2,190 sqft
2023-04-01 0 days 2,276 sqft
2023-05-01 0 days 2,371 sqft
2023-06-01 0 days 2,345 sqft
2023-07-01 0 days 2,354 sqft
2023-08-01 0 days 2,310 sqft
2023-09-01 0 days 2,177 sqft
2023-10-01 0 days 2,206 sqft
2023-11-01 0 days 2,200 sqft
2023-12-01 0 days 2,090 sqft
Napa's median listing age (time on market) for 2023-12-01 was 0 days.

Napa's median square footage for active listings during the 2023-12-01 period was 2,090 sqft. One year prior, the average listing was 2,067 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).