Napa FHA Loans
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
5.11%
for the week of 2022-05-13, compared to the national average (all FHA variants) of
5.361% for the same period.
The average rate for the prior week (2022-05-06) was
5.24% and
one month ago for the week of 2022-04-08, the
average rate was 4.91%.
The average rate one year ago was 3.12%.
For refis of the same type during the week of 2022-05-13, the average rate
was 4.85%.
Napa FHA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Napa level.
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. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $850,000 (-5.0%) | $1,884,040 (-1.4%) | 0.00 | 211 |
2018-02-01 | $844,000 (-6.1%) | $1,856,200 (-1.3%) | 0.00 | 201 |
2018-03-01 | $849,000 (-10.5%) | $1,959,286 (-1.0%) | 0.00 | 246 |
2018-04-01 | $980,000 (10.1%) | $2,119,243 (10.5%) | 0.00 | 270 |
2018-05-01 | $1,012,823 (16.1%) | $2,103,374 (15.9%) | 0.00 | 327 |
2018-06-01 | $1,025,000 (19.3%) | $2,116,860 (14.3%) | 0.00 | 374 |
2018-07-01 | $962,450 (8.1%) | $2,060,001 (10.7%) | 0.00 | 403 |
2018-08-01 | $912,000 (-0.6%) | $2,015,713 (0.4%) | 0.00 | 396 |
2018-09-01 | $925,000 (0.0%) | $1,989,215 (-0.7%) | 0.00 | 423 |
2018-10-01 | $934,500 (5.4%) | $2,035,530 (-2.8%) | 0.00 | 426 |
2018-11-01 | $917,000 (7.9%) | $1,998,352 (-4.2%) | 0.00 | 401 |
2018-12-01 | $895,000 (5.3%) | $1,836,634 (-8.6%) | 0.00 | 327 |
2019-01-01 | $857,000 (0.8%) | $1,685,519 (-10.5%) | 0.00 | 293 |
2019-02-01 | $849,950 (0.7%) | $1,647,489 (-11.2%) | 0.00 | 306 |
2019-03-01 | $879,114 (3.6%) | $1,746,748 (-10.9%) | 0.00 | 340 |
2019-04-01 | $931,500 (-5.0%) | $2,011,802 (-5.1%) | 0.00 | 368 |
2019-05-01 | $997,000 (-1.6%) | $2,125,618 (1.1%) | 0.00 | 454 |
2019-06-01 | $979,000 (-4.5%) | $2,107,170 (-0.5%) | 0.00 | 485 |
2019-07-01 | $948,900 (-1.4%) | $2,107,359 (2.3%) | 0.00 | 496 |
2019-08-01 | $961,571 (5.4%) | $2,159,849 (7.2%) | 0.00 | 497 |
2019-09-01 | $998,000 (7.9%) | $2,221,612 (11.7%) | 0.00 | 501 |
2019-10-01 | $985,000 (5.4%) | $2,325,020 (14.2%) | 0.00 | 505 |
2019-11-01 | $995,000 (8.5%) | $2,477,628 (24.0%) | 0.00 | 435 |
2019-12-01 | $997,000 (11.4%) | $2,530,787 (37.8%) | 0.00 | 330 |
2020-01-01 | $1,069,000 (24.7%) | $2,621,214 (55.5%) | 0.00 | 252 |
2020-02-01 | $1,049,000 (23.4%) | $2,467,042 (49.8%) | 0.00 | 293 |
2020-03-01 | $1,149,500 (30.8%) | $2,515,596 (44.0%) | 0.00 | 345 |
2020-04-01 | $999,999 (7.4%) | $2,423,728 (20.5%) | 0.00 | 316 |
2020-05-01 | $999,000 (0.2%) | $2,277,219 (7.1%) | 0.00 | 409 |
2020-06-01 | $1,125,000 (14.9%) | $2,409,168 (14.3%) | 0.00 | 393 |
2020-07-01 | $1,197,500 (26.2%) | $2,521,540 (19.7%) | 0.00 | 382 |
2020-08-01 | $1,350,000 (40.4%) | $2,738,649 (26.8%) | 0.00 | 326 |
2020-09-01 | $1,372,500 (37.5%) | $3,030,996 (36.4%) | 0.00 | 322 |
2020-10-01 | $1,300,000 (32.0%) | $2,852,962 (22.7%) | 0.00 | 316 |
2020-11-01 | $1,317,500 (32.4%) | $2,964,859 (19.7%) | 0.00 | 309 |
2020-12-01 | $1,347,950 (35.2%) | $3,055,303 (20.7%) | 0.00 | 246 |
2021-01-01 | $1,295,000 (21.1%) | $3,028,902 (15.6%) | 0.00 | 223 |
2021-02-01 | $1,324,500 (26.3%) | $3,181,085 (28.9%) | 0.00 | 211 |
2021-03-01 | $1,382,000 (20.2%) | $2,905,489 (15.5%) | 0.00 | 216 |
2021-04-01 | $1,382,000 (38.2%) | $2,996,678 (23.6%) | 0.00 | 222 |
2021-05-01 | $1,398,000 (39.9%) | $3,148,026 (38.2%) | 0.00 | 237 |
2021-06-01 | $1,375,000 (22.2%) | $3,222,837 (33.8%) | 0.00 | 277 |
2021-07-01 | $1,297,500 (8.4%) | $3,248,446 (28.8%) | 0.00 | 274 |
2021-08-01 | $1,295,000 (-4.1%) | $3,230,076 (17.9%) | 0.00 | 275 |
2021-09-01 | $1,395,000 (1.6%) | $3,214,875 (6.1%) | 0.00 | 278 |
2021-10-01 | $1,295,000 (-0.4%) | $3,146,821 (10.3%) | 0.00 | 275 |
2021-11-01 | $1,442,500 (9.5%) | $3,595,586 (21.3%) | 0.00 | 211 |
2021-12-01 | $1,547,000 (14.8%) | $3,736,325 (22.3%) | 0.00 | 165 |
2022-01-01 | $1,500,000 (15.8%) | $3,464,458 (14.4%) | 0.00 | 130 |
2022-02-01 | $1,499,500 (13.2%) | $3,456,061 (8.6%) | 0.00 | 146 |
2022-03-01 | $1,699,500 (23.0%) | $3,781,189 (30.1%) | 0.00 | 171 |
2022-04-01 | $1,695,000 (22.7%) | $3,679,928 (22.8%) | 0.00 | 200 |
Napa's median listing price comes in at 0% of the national average.
Napa's average listing price for 2022-04-01 was $3,679,928, a difference of $683,250 (22.8%) versus the prior year and $-101,261 versus the prior month.
For the 2022-04-01 period, Napa had 200 MLS listings, a difference of 29 listings (17%) versus the prior month and -22 listings (-10%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Napa (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,907 sqft |
2018-02-01 | 0 days | 1,878 sqft |
2018-03-01 | 0 days | 1,905 sqft |
2018-04-01 | 0 days | 2,030 sqft |
2018-05-01 | 0 days | 2,052 sqft |
2018-06-01 | 0 days | 2,087 sqft |
2018-07-01 | 0 days | 2,039 sqft |
2018-08-01 | 0 days | 2,005 sqft |
2018-09-01 | 0 days | 2,051 sqft |
2018-10-01 | 0 days | 2,056 sqft |
2018-11-01 | 0 days | 1,966 sqft |
2018-12-01 | 0 days | 1,956 sqft |
2019-01-01 | 0 days | 1,899 sqft |
2019-02-01 | 0 days | 1,907 sqft |
2019-03-01 | 0 days | 1,952 sqft |
2019-04-01 | 0 days | 2,045 sqft |
2019-05-01 | 0 days | 2,099 sqft |
2019-06-01 | 0 days | 2,037 sqft |
2019-07-01 | 0 days | 1,996 sqft |
2019-08-01 | 0 days | 1,984 sqft |
2019-09-01 | 0 days | 1,976 sqft |
2019-10-01 | 0 days | 1,962 sqft |
2019-11-01 | 0 days | 2,024 sqft |
2019-12-01 | 0 days | 2,064 sqft |
2020-01-01 | 0 days | 2,144 sqft |
2020-02-01 | 0 days | 2,077 sqft |
2020-03-01 | 0 days | 2,115 sqft |
2020-04-01 | 0 days | 2,086 sqft |
2020-05-01 | 0 days | 2,000 sqft |
2020-06-01 | 0 days | 2,106 sqft |
2020-07-01 | 0 days | 2,116 sqft |
2020-08-01 | 0 days | 2,241 sqft |
2020-09-01 | 0 days | 2,231 sqft |
2020-10-01 | 0 days | 2,160 sqft |
2020-11-01 | 0 days | 2,188 sqft |
2020-12-01 | 0 days | 2,117 sqft |
2021-01-01 | 0 days | 2,128 sqft |
2021-02-01 | 0 days | 2,112 sqft |
2021-03-01 | 0 days | 2,121 sqft |
2021-04-01 | 0 days | 2,193 sqft |
2021-05-01 | 0 days | 2,128 sqft |
2021-06-01 | 0 days | 2,066 sqft |
2021-07-01 | 0 days | 2,063 sqft |
2021-08-01 | 0 days | 2,128 sqft |
2021-09-01 | 0 days | 2,171 sqft |
2021-10-01 | 0 days | 2,128 sqft |
2021-11-01 | 0 days | 2,152 sqft |
2021-12-01 | 0 days | 2,177 sqft |
2022-01-01 | 0 days | 2,232 sqft |
2022-02-01 | 0 days | 2,142 sqft |
2022-03-01 | 0 days | 2,269 sqft |
2022-04-01 | 0 days | 2,200 sqft |
Napa's median square footage for active listings during the 2022-04-01 period was 2,200 sqft. One year prior, the average listing was 2,193 sqft.