Oakland FHA Loan Rates, Closing Costs & Stats

OAKLAND-BERKELEY-LIVERMORE, CA

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    • 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.

    Oakland FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Oakland averaged 0% for the week of 2025-05-30, compared to the national average (all FHA variants) of 0% for the same period.

    Oakland's average FHA mortgage closing costs are $0.

    The average rate for the prior week (2025-05-23) was 0% and one month ago for the week of 2025-04-25, the average rate was 0%.

    The average rate one year ago was 0%.

    For refis of the same type during the week of 2025-05-30, the average rate was 0%.

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

    Oakland 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 Oakland level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs

    The lowest fee Oakland FHA lenders (with over 10 loans originated) are .

    The lowest rate Oakland FHA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Oakland (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 $843,944 (6.9%) $1,503,769 (14.4%) 3.13 2,292
    2018-02-01 $898,944 (6.3%) $1,548,177 (12.1%) 3.26 2,714
    2018-03-01 $949,499 (6.2%) $1,583,415 (10.9%) 3.33 3,120
    2018-04-01 $987,500 (9.8%) $1,616,672 (8.5%) 3.35 3,618
    2018-05-01 $996,500 (10.7%) $1,622,835 (8.7%) 3.33 4,068
    2018-06-01 $988,000 (9.5%) $1,579,920 (6.1%) 3.29 4,490
    2018-07-01 $929,472 (6.2%) $1,486,587 (4.0%) 3.10 4,800
    2018-08-01 $890,000 (4.8%) $1,389,153 (-0.4%) 2.98 4,915
    2018-09-01 $899,000 (2.8%) $1,405,698 (-4.2%) 3.02 5,955
    2018-10-01 $899,000 (0.0%) $1,413,800 (-7.9%) 3.04 6,153
    2018-11-01 $890,000 (-1.0%) $1,433,278 (-7.7%) 3.02 5,842
    2018-12-01 $849,950 (-3.3%) $1,343,670 (-16.2%) 2.93 4,174
    2019-01-01 $831,910 (-1.4%) $1,307,318 (-13.1%) 2.87 3,564
    2019-02-01 $887,013 (-1.3%) $1,421,758 (-8.2%) 3.00 4,085
    2019-03-01 $916,638 (-3.5%) $1,485,315 (-6.2%) 3.00 4,500
    2019-04-01 $947,245 (-4.1%) $1,551,941 (-4.0%) 3.01 4,892
    2019-05-01 $968,750 (-2.8%) $1,498,162 (-7.7%) 3.03 5,466
    2019-06-01 $960,000 (-2.8%) $1,486,554 (-5.9%) 3.00 5,924
    2019-07-01 $927,000 (-0.3%) $1,533,134 (3.1%) 2.90 5,828
    2019-08-01 $919,505 (3.3%) $1,551,645 (11.7%) 2.91 5,897
    2019-09-01 $936,096 (4.1%) $1,537,969 (9.4%) 3.00 6,010
    2019-10-01 $949,500 (5.6%) $1,535,036 (8.6%) 3.06 6,068
    2019-11-01 $949,000 (6.6%) $1,610,653 (12.4%) 3.11 4,955
    2019-12-01 $899,000 (5.8%) $1,687,618 (25.6%) 3.00 2,986
    2020-01-01 $893,625 (7.4%) $1,700,971 (30.1%) 2.99 2,560
    2020-02-01 $998,000 (12.5%) $1,752,292 (23.3%) 3.27 3,087
    2020-03-01 $998,944 (9.0%) $1,713,811 (15.4%) 3.13 3,526
    2020-04-01 $959,490 (1.3%) $1,539,185 (-0.8%) 3.01 3,418
    2020-05-01 $999,900 (3.2%) $1,614,665 (7.8%) 3.04 4,582
    2020-06-01 $1,080,950 (12.6%) $1,665,284 (12.0%) 3.18 4,951
    2020-07-01 $1,091,500 (17.8%) $1,682,780 (9.8%) 3.16 5,061
    2020-08-01 $1,050,000 (14.2%) $1,676,364 (8.0%) 3.01 5,204
    2020-09-01 $1,052,500 (12.4%) $1,679,445 (9.2%) 3.02 5,403
    2020-10-01 $1,073,333 (13.0%) $1,676,301 (9.2%) 3.08 5,808
    2020-11-01 $1,049,450 (10.6%) $1,663,582 (3.3%) 3.07 5,168
    2020-12-01 $998,462 (11.1%) $1,711,270 (1.4%) 2.97 3,713
    2021-01-01 $989,000 (10.7%) $1,749,265 (2.8%) 2.95 3,034
    2021-02-01 $999,500 (0.2%) $1,774,344 (1.3%) 2.91 3,230
    2021-03-01 $1,014,498 (1.6%) $1,858,547 (8.5%) 2.88 3,372
    2021-04-01 $1,049,500 (9.4%) $1,866,299 (21.3%) 2.84 3,458
    2021-05-01 $1,079,999 (8.0%) $1,875,168 (16.1%) 2.87 3,498
    2021-06-01 $1,067,000 (-1.3%) $1,798,259 (8.0%) 2.81 3,899
    2021-07-01 $999,000 (-8.5%) $1,687,366 (0.3%) 2.64 4,243
    2021-08-01 $995,000 (-5.2%) $1,644,319 (-1.9%) 2.65 4,265
    2021-09-01 $993,950 (-5.6%) $1,698,655 (1.1%) 2.65 4,601
    2021-10-01 $997,000 (-7.1%) $1,759,562 (5.0%) 2.66 4,567
    2021-11-01 $984,450 (-6.2%) $1,873,469 (12.6%) 2.63 3,546
    2021-12-01 $953,225 (-4.5%) $1,849,159 (8.1%) 2.58 2,328
    2022-01-01 $949,000 (-4.0%) $1,757,409 (0.5%) 2.57 2,031
    2022-02-01 $992,000 (-0.8%) $1,759,788 (-0.8%) 2.58 2,480
    2022-03-01 $1,047,500 (3.3%) $1,735,910 (-6.6%) 2.62 3,008
    2022-04-01 $1,098,000 (4.6%) $1,756,637 (-5.9%) 2.62 3,395
    2022-05-01 $1,124,000 (4.1%) $1,735,383 (-7.5%) 2.57 4,616
    2022-06-01 $1,146,250 (7.4%) $1,720,562 (-4.3%) 2.55 5,681
    2022-07-01 $1,098,000 (9.9%) $1,627,538 (-3.6%) 2.47 6,246
    2022-08-01 $1,043,073 (4.8%) $1,570,053 (-4.5%) 2.41 5,970
    2022-09-01 $1,089,500 (9.6%) $1,648,547 (-3.0%) 2.55 5,922
    2022-10-01 $1,090,000 (9.3%) $1,692,551 (-3.8%) 2.56 6,026
    2022-11-01 $1,037,000 (5.3%) $1,691,619 (-9.7%) 2.49 5,366
    2022-12-01 $993,420 (4.2%) $1,665,917 (-9.9%) 2.45 3,655
    2023-01-01 $978,500 (3.1%) $1,644,202 (-6.4%) 2.42 2,987
    2023-02-01 $1,002,500 (1.1%) $1,758,715 (-0.1%) 2.42 3,089
    2023-03-01 $1,081,250 (3.2%) $1,802,971 (3.9%) 2.55 3,163
    2023-04-01 $1,150,000 (4.7%) $1,887,958 (7.5%) 2.67 3,341
    2023-05-01 $1,178,250 (4.8%) $1,940,124 (11.8%) 2.67 3,692
    2023-06-01 $1,150,000 (0.3%) $1,939,370 (12.7%) 2.58 3,977
    2023-07-01 $1,100,000 (0.2%) $1,837,930 (12.9%) 2.50 4,035
    2023-08-01 $1,049,447 (0.6%) $1,730,136 (10.2%) 2.41 4,092
    2023-09-01 $1,095,000 (0.5%) $1,758,225 (6.7%) 2.55 4,812
    2023-10-01 $1,098,000 (0.7%) $1,768,942 (4.5%) 2.58 5,052
    2023-11-01 $1,067,000 (2.9%) $1,755,081 (3.8%) 2.54 4,671
    2023-12-01 $998,000 (0.5%) $1,710,145 (2.7%) 2.43 3,094
    2024-01-01 $944,475 (-3.5%) $1,624,731 (-1.2%) 2.31 2,702
    2024-02-01 $989,444 (-1.3%) $1,692,960 (-3.7%) 2.38 3,028
    2024-03-01 $999,000 (-7.6%) $1,756,783 (-2.6%) 2.35 3,587
    2024-04-01 $1,026,500 (-10.7%) $1,789,995 (-5.2%) 2.39 4,354
    2024-05-01 $1,045,750 (-11.3%) $1,818,330 (-6.3%) 2.38 5,045
    2024-06-01 $999,000 (-13.1%) $1,719,125 (-11.4%) 2.27 5,541
    2024-07-01 $995,000 (-9.6%) $1,636,402 (-11.0%) 2.28 5,508
    2024-08-01 $969,000 (-7.7%) $1,552,777 (-10.3%) 2.25 5,374
    2024-09-01 $997,500 (-8.9%) $1,602,783 (-8.8%) 2.35 6,139
    2024-10-01 $996,500 (-9.2%) $1,606,843 (-9.2%) 2.35 6,140
    2024-11-01 $969,498 (-9.1%) $1,589,177 (-9.5%) 2.33 5,386
    2024-12-01 $889,500 (-10.9%) $1,542,194 (-9.8%) 2.21 3,529
    2025-01-01 $882,000 (-6.6%) $1,441,377 (-11.3%) 2.20 3,347
    2025-02-01 $899,944 (-9.1%) $1,487,148 (-12.2%) 2.18 4,056
    2025-03-01 $950,000 (-4.9%) $1,508,389 (-14.1%) 2.24 5,138
    2025-04-01 $995,000 (-3.1%) $1,539,752 (-14.0%) 2.31 6,208
    Oakland's median listing price for 2025-04-01 was $995,000, a difference of $-31,500 (-3.1%) versus the prior year and $45,000 versus the prior month.

    Oakland's median listing price comes in at 231% of the national average.

    Oakland's average listing price for 2025-04-01 was $1,539,752, a difference of $-250,243 (-14.0%) versus the prior year and $31,363 versus the prior month.

    For the 2025-04-01 period, Oakland had 6,208 MLS listings, a difference of 1,070 listings (21%) versus the prior month and 1,854 listings (43%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Oakland (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 30 days 1,721 sqft
    2018-02-01 19 days 1,746 sqft
    2018-03-01 20 days 1,767 sqft
    2018-04-01 22 days 1,800 sqft
    2018-05-01 21 days 1,813 sqft
    2018-06-01 24 days 1,789 sqft
    2018-07-01 29 days 1,746 sqft
    2018-08-01 29 days 1,716 sqft
    2018-09-01 26 days 1,698 sqft
    2018-10-01 31 days 1,696 sqft
    2018-11-01 37 days 1,667 sqft
    2018-12-01 50 days 1,621 sqft
    2019-01-01 48 days 1,606 sqft
    2019-02-01 26 days 1,644 sqft
    2019-03-01 28 days 1,712 sqft
    2019-04-01 26 days 1,779 sqft
    2019-05-01 26 days 1,821 sqft
    2019-06-01 31 days 1,796 sqft
    2019-07-01 36 days 1,763 sqft
    2019-08-01 36 days 1,746 sqft
    2019-09-01 35 days 1,723 sqft
    2019-10-01 36 days 1,705 sqft
    2019-11-01 49 days 1,698 sqft
    2019-12-01 66 days 1,708 sqft
    2020-01-01 53 days 1,682 sqft
    2020-02-01 23 days 1,721 sqft
    2020-03-01 24 days 1,754 sqft
    2020-04-01 38 days 1,756 sqft
    2020-05-01 31 days 1,760 sqft
    2020-06-01 31 days 1,713 sqft
    2020-07-01 33 days 1,638 sqft
    2020-08-01 36 days 1,589 sqft
    2020-09-01 36 days 1,549 sqft
    2020-10-01 34 days 1,541 sqft
    2020-11-01 45 days 1,518 sqft
    2020-12-01 56 days 1,489 sqft
    2021-01-01 49 days 1,464 sqft
    2021-02-01 27 days 1,482 sqft
    2021-03-01 29 days 1,526 sqft
    2021-04-01 29 days 1,551 sqft
    2021-05-01 27 days 1,576 sqft
    2021-06-01 27 days 1,559 sqft
    2021-07-01 26 days 1,549 sqft
    2021-08-01 29 days 1,546 sqft
    2021-09-01 28 days 1,535 sqft
    2021-10-01 30 days 1,515 sqft
    2021-11-01 39 days 1,500 sqft
    2021-12-01 47 days 1,454 sqft
    2022-01-01 37 days 1,420 sqft
    2022-02-01 18 days 1,452 sqft
    2022-03-01 22 days 1,506 sqft
    2022-04-01 23 days 1,538 sqft
    2022-05-01 22 days 1,573 sqft
    2022-06-01 24 days 1,600 sqft
    2022-07-01 31 days 1,585 sqft
    2022-08-01 36 days 1,571 sqft
    2022-09-01 38 days 1,593 sqft
    2022-10-01 37 days 1,607 sqft
    2022-11-01 46 days 1,592 sqft
    2022-12-01 61 days 1,560 sqft
    2023-01-01 62 days 1,551 sqft
    2023-02-01 33 days 1,554 sqft
    2023-03-01 34 days 1,571 sqft
    2023-04-01 31 days 1,621 sqft
    2023-05-01 31 days 1,633 sqft
    2023-06-01 32 days 1,629 sqft
    2023-07-01 34 days 1,614 sqft
    2023-08-01 33 days 1,594 sqft
    2023-09-01 29 days 1,589 sqft
    2023-10-01 35 days 1,576 sqft
    2023-11-01 42 days 1,563 sqft
    2023-12-01 58 days 1,524 sqft
    2024-01-01 49 days 1,466 sqft
    2024-02-01 29 days 1,458 sqft
    2024-03-01 27 days 1,488 sqft
    2024-04-01 28 days 1,527 sqft
    2024-05-01 25 days 1,560 sqft
    2024-06-01 31 days 1,557 sqft
    2024-07-01 38 days 1,541 sqft
    2024-08-01 37 days 1,512 sqft
    2024-09-01 33 days 1,535 sqft
    2024-10-01 38 days 1,538 sqft
    2024-11-01 51 days 1,517 sqft
    2024-12-01 64 days 1,476 sqft
    2025-01-01 56 days 1,440 sqft
    2025-02-01 30 days 1,486 sqft
    2025-03-01 31 days 1,512 sqft
    2025-04-01 33 days 1,550 sqft
    Oakland's median listing age (time on market) for 2025-04-01 was 33 days. This is 20% longer than the same period one year ago.

    Oakland's median square footage for active listings during the 2025-04-01 period was 1,550 sqft. One year prior, the average listing was 1,527 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).