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 57 lenders originated 252 FHA loans during 2021. The total origination value was $121,410,000, with an average FHA loan value of $481,786.

Napa FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Napa averaged -0.25% for the week of 2023-01-20, compared to the national average (all FHA variants) of 0% for the same period.

Napa's average FHA mortgage closing costs are $14,246.

The average rate for the prior week (2023-01-13) was 6.28% and one month ago for the week of 2022-12-16, the average rate was 6.27%.

The average rate one year ago was 3.56%.

For refis of the same type during the week of 2023-01-20, the average rate was -0.21%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
QUICKEN LOANS, LLC 21 2.66% $10,984
LAKEVIEW LOAN SERVICING, LLC 11 2.66% $8,840
CROSSCOUNTRY MORTGAGE, LLC 11 2.93% $18,629
HOMEBRIDGE FINANCIAL SERVICES, INC. 11 2.95% $14,732
Flagstar Bank, FSB 10 2.85% $16,434
UNITED WHOLESALE MORTGAGE, LLC 7 2.73% $15,168
PRIMARY RESIDENTIAL MORTGAGE, INC. 6 3.33% $19,485
CALIBER HOME LOANS, INC. 6 2.62% $11,096
LOANDEPOT.COM, LLC 5 2.95% $13,899
Mr. Cooper ( Nationstar Mortgage ) 5 2.75% $7,747
FREEDOM MORTGAGE CORPORATION 5 2.58% $9,612
PENNYMAC LOAN SERVICES, LLC 4 2.75% $12,939
Lakeview Community Capital, LLC 4 2.69% $9,043
NEWREZ LLC 3 2.67% $8,343
AMERICAN FINANCIAL NETWORK, INC. 3 2.83% $19,647
AMERICAN PACIFIC MORTGAGE CORPORATION 3 3.13% $18,671
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 2.91% $20,086
Carrington Mortgage Services, LLC 3 3.21% $13,362
Commerce Home Mortgage, Inc. 3 3.38% $15,626
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 2.91% $19,720
HOME POINT FINANCIAL CORPORATION 3 2.75% $11,710
ALAMEDA MORTGAGE CORPORATION 3 3.13% $16,805
Paramount Residential Mortgage Group, Inc. 2 2.88% $9,001
CMG MORTGAGE, INC. 2 3.31% $26,850
NATIONWIDE MORTGAGE BANKERS, INC. 2 3.25% $18,374
SUMMIT FUNDING, INC. 2 3.00% $20,721
VILLAGE CAPITAL MORTGAGE 2 3.00% $9,904
TRAVIS CREDIT UNION 2 2.94% $12,441
LAND HOME FINANCIAL SERVICES, INC. 2 2.69% $10,258
Golden Empire Mortgage, Inc. 2 2.69% $25,254
INSPIRE HOME LOANS INC. 1 2.50% $16,669
CHURCHILL MORTGAGE CORPORATION 1 3.13% $11,603
CELEBRITY HOME LOANS, LLC 1 3.13% $21,087
LOANLEADERS OF AMERICA, INC. 1 3.25% $18,852
LOANPAL, LLC 1 2.25% $11,785
MID AMERICA MORTGAGE, INC. 1 3.13% $6,571
MOVEMENT MORTGAGE, LLC 1 2.88% $18,151
BROKER SOLUTIONS, INC. 1 3.75% $12,689
NATIONS DIRECT MORTGAGE, LLC 1 2.50% $18,775
PANORAMA MORTGAGE GROUP, LLC 1 5.00% $17,019
BAY EQUITY LLC 1 2.50% $14,784
PLANET HOME LENDING, LLC 1 3.75% $16,459
PREMIER LENDING, INC. 1 2.75% $21,626
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.75% $22,046
AMERISAVE MORTGAGE CORPORATION 1 2.88% $30,782
South Pacific Financial Corporation 1 2.75% $12,600
STEARNS LENDING, LLC 1 2.63% $11,102
SUN WEST MORTGAGE COMPANY, INC. 1 2.75% $7,048
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 4.13% $19,591
EVERETT FINANCIAL, INC. 1 2.88% $8,134
GUARANTEED RATE, INC. 1 3.25% $20,228
GUILD MORTGAGE COMPANY 1 2.50% $11,204
DRAPER AND KRAMER MORTGAGE CORP. 1 2.99% $14,327
HOME FUNDING CORPORATION 1 3.00% $17,181
Home Mortgage Alliance Corp 1 3.13% $10,120
AMCAP MORTGAGE, LTD. 1 3.25% $24,855
Hometown Equity Mortgage, LLC 1 3.13% $25,577

The top Napa FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 21 FHA loans originated. Their average total fees are $10,984, which is $2,144 higher than the next largest lender, LAKEVIEW LOAN SERVICING, LLC.

The lowest fee Napa FHA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($8,840), QUICKEN LOANS, LLC ($10,984), HOMEBRIDGE FINANCIAL SERVICES, INC. ($14,732), Flagstar Bank, FSB ($16,434) and CROSSCOUNTRY MORTGAGE, LLC ($18,629).

The lowest rate Napa FHA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC (2.66%), QUICKEN LOANS, LLC (2.66%), Flagstar Bank, FSB (2.85%), CROSSCOUNTRY MORTGAGE, LLC (2.93%) and HOMEBRIDGE FINANCIAL SERVICES, INC. (2.95%).

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

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 (-6.0%) $1,886,352 (6.0%) 0.00 200
2018-02-01 $849,500 (-6.9%) $1,913,916 (5.4%) 0.00 191
2018-03-01 $850,000 (-10.1%) $1,991,263 (3.0%) 0.00 236
2018-04-01 $990,162 (10.6%) $2,127,186 (7.5%) 0.00 262
2018-05-01 $999,987 (11.7%) $2,159,162 (10.8%) 0.00 320
2018-06-01 $1,047,000 (18.6%) $2,174,341 (5.6%) 0.00 364
2018-07-01 $975,000 (8.5%) $2,129,334 (2.7%) 0.00 387
2018-08-01 $912,250 (0.0%) $2,076,468 (8.5%) 0.00 380
2018-09-01 $927,450 (1.7%) $2,046,918 (2.0%) 0.00 409
2018-10-01 $942,000 (6.4%) $2,121,273 (2.5%) 0.00 409
2018-11-01 $914,850 (7.6%) $2,017,546 (-1.7%) 0.00 384
2018-12-01 $895,000 (5.3%) $1,847,420 (-8.0%) 0.00 316
2019-01-01 $858,125 (1.7%) $1,707,519 (-9.5%) 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 (2.3%) $2,208,080 (7.9%) 0.00 478
2019-10-01 $949,000 (0.7%) $2,251,477 (6.1%) 0.00 477
2019-11-01 $973,000 (6.4%) $2,406,471 (19.3%) 0.00 414
2019-12-01 $948,944 (6.0%) $2,368,169 (28.2%) 0.00 312
2020-01-01 $995,000 (16.0%) $2,287,673 (34.0%) 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%) $3,147,129 (48.9%) 0.00 239
2021-06-01 $1,364,750 (25.1%) $3,112,868 (39.8%) 0.00 276
2021-07-01 $1,295,000 (12.2%) $3,120,183 (34.9%) 0.00 282
2021-08-01 $1,262,500 (0.2%) $3,016,465 (25.2%) 0.00 273
2021-09-01 $1,305,750 (0.8%) $3,025,174 (12.3%) 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 (9.5%) 0.00 215
2022-06-01 $1,572,500 (15.2%) $3,540,751 (13.8%) 0.00 217
2022-07-01 $1,489,500 (15.0%) $3,357,098 (7.6%) 0.00 246
2022-08-01 $1,499,500 (18.8%) $3,399,639 (12.7%) 0.00 273
2022-09-01 $1,382,500 (5.9%) $3,266,821 (8.0%) 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 $1,250,000 (-16.1%) $2,907,855 (-15.3%) 0.00 219
Napa's median listing price for 2022-12-01 was $1,250,000, a difference of $-240,000 (-16.1%) versus the prior year and $-145,000 versus the prior month.

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

Napa's average listing price for 2022-12-01 was $2,907,855, a difference of $-526,412 (-15.3%) versus the prior year and $-196,564 versus the prior month.

For the 2022-12-01 period, Napa had 219 MLS listings, a difference of -53 listings (-19%) versus the prior month and 61 listings (39%) 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 1,950 sqft
2018-04-01 0 days 2,058 sqft
2018-05-01 0 days 2,058 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 2,048 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 1,901 sqft
2019-03-01 0 days 1,970 sqft
2019-04-01 0 days 2,095 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 1,990 sqft
2019-09-01 0 days 1,977 sqft
2019-10-01 0 days 1,962 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 2,088 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 2,176 sqft
2020-12-01 0 days 2,072 sqft
2021-01-01 0 days 2,112 sqft
2021-02-01 0 days 2,049 sqft
2021-03-01 0 days 2,114 sqft
2021-04-01 0 days 2,131 sqft
2021-05-01 0 days 2,048 sqft
2021-06-01 0 days 2,039 sqft
2021-07-01 0 days 2,029 sqft
2021-08-01 0 days 2,115 sqft
2021-09-01 0 days 2,146 sqft
2021-10-01 0 days 2,036 sqft
2021-11-01 0 days 2,126 sqft
2021-12-01 0 days 2,085 sqft
2022-01-01 0 days 2,055 sqft
2022-02-01 0 days 2,110 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 2,079 sqft
2022-10-01 0 days 2,034 sqft
2022-11-01 0 days 2,094 sqft
2022-12-01 0 days 2,080 sqft
Napa's median listing age (time on market) for 2022-12-01 was 0 days.

Napa's median square footage for active listings during the 2022-12-01 period was 2,080 sqft. One year prior, the average listing was 2,085 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).