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 6.13% for the week of 2022-09-23, compared to the national average (all FHA variants) of 6.08% for the same period.

The average rate for the prior week (2022-09-16) was 5.93% and one month ago for the week of 2022-08-19, the average rate was 5.45%.

The average rate one year ago was 3.19%.

For refis of the same type during the week of 2022-09-23, the average rate was 5.87%.

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 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. Total Fees
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 $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
2022-05-01 $1,700,000 (21.6%) $3,538,303 (12.4%) 0.00 217
2022-06-01 $1,616,500 (17.6%) $3,555,052 (10.3%) 0.00 217
2022-07-01 $1,495,000 (15.2%) $3,375,366 (3.9%) 0.00 248
2022-08-01 $1,524,500 (17.7%) $3,444,994 (6.7%) 0.00 281
Napa's median listing price for 2022-08-01 was $1,524,500, a difference of $229,500 (17.7%) versus the prior year and $29,500 versus the prior month.

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

Napa's average listing price for 2022-08-01 was $3,444,994, a difference of $214,918 (6.7%) versus the prior year and $69,628 versus the prior month.

For the 2022-08-01 period, Napa had 281 MLS listings, a difference of 33 listings (13%) versus the prior month and 6 listings (2%) 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 1,907 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
2022-05-01 0 days 2,148 sqft
2022-06-01 0 days 2,118 sqft
2022-07-01 0 days 2,078 sqft
2022-08-01 0 days 2,178 sqft
Napa's median listing age (time on market) for 2022-08-01 was 0 days.

Napa's median square footage for active listings during the 2022-08-01 period was 2,178 sqft. One year prior, the average listing was 2,128 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).