Oakland FHA Loans
OAKLAND-BERKELEY-LIVERMORE, 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.
Oakland's 180 lenders originated 4,730 FHA
loans during 2021. The total origination value was $2,397,040,000, with an average FHA loan value of
$506,774.
Oakland FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Oakland
averaged
4.25%
for the week of 2022-03-25, compared to the national average (all FHA variants) of
4.648% for the same period.
The average rate for the prior week (2022-03-18) was
4.26% and
one month ago for the week of 2022-02-18, the
average rate was 4.19%.
The average rate one year ago was 3.22%.
For refis of the same type during the week of 2022-03-25, the average rate
was 4.19%.
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 and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender
at the Oakland level.
Name |
# of Loans |
2021 Avg. 30yFix Rate |
2021 Avg. Total Fees |
QUICKEN LOANS, LLC
|
380
|
2.63%
|
$12,134
|
CALIBER HOME LOANS, INC.
|
258
|
2.81%
|
$14,203
|
UNITED WHOLESALE MORTGAGE, LLC
|
257
|
2.71%
|
$15,955
|
FREEDOM MORTGAGE CORPORATION
|
175
|
2.63%
|
$10,261
|
LOANDEPOT.COM, LLC
|
172
|
3.05%
|
$16,480
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
148
|
3.02%
|
$16,716
|
LAKEVIEW LOAN SERVICING, LLC
|
111
|
2.74%
|
$9,582
|
Mr. Cooper ( Nationstar Mortgage )
|
102
|
2.96%
|
$8,869
|
Commerce Home Mortgage, Inc.
|
97
|
3.23%
|
$17,357
|
HOMEBRIDGE FINANCIAL SERVICES, INC.
|
87
|
2.86%
|
$15,433
|
GUARANTEED RATE, INC.
|
75
|
2.89%
|
$16,949
|
Carrington Mortgage Services, LLC
|
69
|
3.10%
|
$16,521
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
63
|
3.18%
|
$18,138
|
PENNYMAC LOAN SERVICES, LLC
|
63
|
2.88%
|
$10,556
|
GUILD MORTGAGE COMPANY
|
63
|
2.86%
|
$15,959
|
HOME POINT FINANCIAL CORPORATION
|
57
|
2.72%
|
$13,935
|
CROSSCOUNTRY MORTGAGE, LLC
|
57
|
3.01%
|
$17,789
|
FINANCE OF AMERICA MORTGAGE LLC
|
53
|
2.79%
|
$15,304
|
Lakeview Community Capital, LLC
|
51
|
2.75%
|
$9,007
|
CMG MORTGAGE, INC.
|
50
|
3.04%
|
$21,908
|
NEWREZ LLC
|
43
|
2.73%
|
$11,083
|
LENDUS, LLC
|
37
|
2.70%
|
$14,528
|
VILLAGE CAPITAL & INVESTMENT LLC
|
36
|
2.44%
|
$5,910
|
MASON MCDUFFIE MORTGAGE CORPORATION
|
35
|
2.89%
|
$16,031
|
ALAMEDA MORTGAGE CORPORATION
|
34
|
2.98%
|
$15,257
|
BROKER SOLUTIONS, INC.
|
34
|
2.98%
|
$15,259
|
Paramount Residential Mortgage Group, Inc.
|
34
|
3.10%
|
$15,227
|
AMERICAN FINANCIAL NETWORK, INC.
|
33
|
2.98%
|
$26,902
|
Platinum Home Mortgage Corporation
|
29
|
3.01%
|
$20,289
|
PLANET HOME LENDING, LLC
|
27
|
2.83%
|
$13,364
|
KBHS HOME LOANS, LLC
|
27
|
2.92%
|
$18,570
|
DHI MORTGAGE COMPANY, LTD.
|
26
|
2.62%
|
$15,107
|
SUN WEST MORTGAGE COMPANY, INC.
|
26
|
2.97%
|
$15,647
|
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP
|
23
|
2.97%
|
$13,620
|
SUMMIT FUNDING, INC.
|
23
|
3.08%
|
$18,723
|
Equity Prime Mortgage LLC
|
22
|
2.89%
|
$18,092
|
BECKAM FUNDING CORP.
|
21
|
3.84%
|
$26,304
|
BAY EQUITY LLC
|
20
|
3.10%
|
$17,668
|
EVERETT FINANCIAL, INC.
|
20
|
3.26%
|
$13,251
|
AmeriHome Mortgage Company, LLC
|
19
|
2.66%
|
$10,389
|
LAND HOME FINANCIAL SERVICES, INC.
|
17
|
3.09%
|
$17,069
|
AMERISAVE MORTGAGE CORPORATION
|
17
|
2.89%
|
$14,125
|
PRIMARY RESIDENTIAL MORTGAGE, INC.
|
17
|
3.04%
|
$20,624
|
NATIONS DIRECT MORTGAGE, LLC
|
17
|
2.85%
|
$17,623
|
MOUNTAIN WEST FINANCIAL, INC.
|
15
|
3.37%
|
$22,521
|
MOVEMENT MORTGAGE, LLC
|
14
|
2.91%
|
$15,843
|
ENVOY MORTGAGE, LTD
|
13
|
3.15%
|
$15,817
|
Sierra Pacific Mortgage Company, Inc.
|
12
|
3.08%
|
$19,077
|
OCMBC, INC.
|
11
|
2.93%
|
$14,351
|
First Guaranty Mortgage Corporation
|
10
|
2.79%
|
$12,380
|
Hometown Equity Mortgage, LLC
|
10
|
3.31%
|
$19,677
|
INSPIRE HOME LOANS INC.
|
10
|
3.05%
|
$17,564
|
InterContinental Capital Group, Inc
|
9
|
2.49%
|
$9,082
|
SNAPFI, INC.
|
9
|
2.99%
|
$15,964
|
South Pacific Financial Corporation
|
9
|
3.07%
|
$20,756
|
Nations Lending Corporation
|
9
|
3.06%
|
$17,384
|
Golden Empire Mortgage, Inc.
|
8
|
3.02%
|
$19,297
|
U.S. Bank
|
8
|
2.91%
|
$13,549
|
STEARNS LENDING, LLC
|
8
|
3.03%
|
$12,151
|
Flagstar Bank, FSB
|
8
|
3.05%
|
$17,725
|
PULTE MORTGAGE LLC
|
7
|
2.98%
|
$13,321
|
PLAZA HOME MORTGAGE, INC.
|
7
|
2.78%
|
$12,315
|
S1L, Inc.
|
7
|
3.07%
|
$17,831
|
ROUNDPOINT MORTGAGE SERVICING CORPORATION
|
6
|
3.02%
|
$16,379
|
The Federal Savings Bank
|
6
|
2.75%
|
$10,442
|
PREMIER LENDING, INC.
|
6
|
2.96%
|
$19,316
|
JPMorgan Chase Bank
|
5
|
3.00%
|
$10,133
|
DIGNIFIED HOME LOANS, LLC
|
5
|
2.55%
|
$9,427
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
5
|
3.68%
|
$27,773
|
NFM, INC.
|
5
|
3.23%
|
$16,163
|
MUFG Union Bank
|
5
|
2.70%
|
$14,683
|
GUARANTEED RATE AFFINITY, LLC
|
5
|
2.95%
|
$13,317
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
5
|
2.58%
|
$18,689
|
MID AMERICA MORTGAGE, INC.
|
5
|
2.88%
|
$6,641
|
TOP FLITE FINANCIAL, INC.
|
5
|
3.18%
|
$29,086
|
LADERA LENDING, INC.
|
5
|
2.58%
|
$12,280
|
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C.
|
5
|
3.53%
|
$21,258
|
DATA MORTGAGE, INC.
|
4
|
3.44%
|
$14,361
|
DRAPER AND KRAMER MORTGAGE CORP.
|
4
|
2.66%
|
$15,535
|
HOMESIDE FINANCIAL, LLC
|
4
|
3.00%
|
$19,198
|
Bank of the West
|
4
|
3.53%
|
$11,789
|
PANORAMA MORTGAGE GROUP, LLC
|
4
|
3.42%
|
$21,166
|
SOVEREIGN LENDING GROUP INCORPORATED
|
4
|
2.63%
|
$13,458
|
WESTERN EXPRESS LENDING
|
4
|
2.50%
|
$10,846
|
LOANPAL, LLC
|
4
|
2.81%
|
$13,904
|
BEST CAPITAL FUNDING
|
3
|
2.96%
|
$18,373
|
Amerifirst Financial, Inc.
|
3
|
2.83%
|
$15,047
|
CELEBRITY HOME LOANS, LLC
|
3
|
3.33%
|
$15,913
|
Century Mortgage Company DBA Century Lending Company
|
3
|
2.88%
|
$15,386
|
First Bank
|
3
|
2.29%
|
$14,563
|
HOMEAMERICAN MORTGAGE CORPORATION
|
3
|
3.21%
|
$13,876
|
Mortgage Research Center, LLC
|
3
|
2.83%
|
$13,084
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
3
|
3.00%
|
$17,611
|
NEXERA HOLDING LLC
|
3
|
2.96%
|
$16,669
|
PHH Mortgage Corporation
|
3
|
2.75%
|
$11,339
|
THE GOLDEN 1
|
3
|
2.83%
|
$20,339
|
PRIMUS LENDING CORP.
|
2
|
2.94%
|
$19,526
|
CANOPY MORTGAGE, LLC
|
2
|
2.56%
|
$27,961
|
EMBRACE HOME LOANS, INC.
|
2
|
2.56%
|
$13,595
|
PARKSIDE LENDING, LLC
|
2
|
2.63%
|
$12,449
|
NATIONWIDE MORTGAGE BANKERS, INC.
|
2
|
3.13%
|
$16,286
|
Manufacturers and Traders Trust Company
|
2
|
3.13%
|
$13,827
|
GRANDE HOMES, INC.
|
2
|
2.63%
|
$14,300
|
TRAVIS CREDIT UNION
|
2
|
2.63%
|
$9,318
|
Franklin Loan Corporation
|
2
|
3.50%
|
$16,095
|
CALCULATED RISK ANALYTICS LLC
|
2
|
2.88%
|
$12,533
|
CALCON MUTUAL MORTGAGE LLC
|
2
|
3.31%
|
$13,998
|
SCENIC OAKS FUNDING, INC.
|
2
|
2.44%
|
$15,134
|
HOME APPROVALS DIRECT, INC.
|
2
|
2.44%
|
$12,323
|
MORIA DEVELOPMENT, INC.
|
2
|
3.13%
|
$16,386
|
VISION ONE MORTGAGE, INC.
|
2
|
3.25%
|
$7,415
|
Wells Fargo Bank
|
2
|
3.75%
|
$9,088
|
MEGA CAPITAL FUNDING, INC.
|
2
|
2.69%
|
$21,339
|
GENEVA FINANCIAL, LLC
|
2
|
3.19%
|
$12,439
|
MORTGAGE SOLUTIONS OF COLORADO, LLC
|
2
|
3.06%
|
$27,824
|
EVERGREEN MONEYSOURCE MORTGAGE COMPANY
|
2
|
3.50%
|
$25,261
|
Evolve Bank & Trust
|
1
|
3.75%
|
$10,947
|
OPEN MORTGAGE, LLC
|
1
|
2.50%
|
$11,511
|
DIRECTORS MORTGAGE, INC.
|
1
|
3.75%
|
$9,369
|
Peoples Bank
|
1
|
3.75%
|
$10,954
|
Wyndham Capital Mortgage, Inc.
|
1
|
3.25%
|
$5,616
|
DEL SUR CORPORATION
|
1
|
2.63%
|
$19,295
|
DAS Acquisition Company, LLC
|
1
|
3.38%
|
$15,835
|
COUNTRYPLACE MORTGAGE, LTD.
|
1
|
5.25%
|
$23,570
|
PNC Bank
|
1
|
3.13%
|
$12,212
|
Colten Mortgage, LLC
|
1
|
2.50%
|
$18,076
|
COASTAL FUNDING SLC, INC.
|
1
|
2.25%
|
$22,773
|
Prime Choice Funding Inc.
|
1
|
2.75%
|
$6,137
|
CLEARPATH LENDING
|
1
|
2.75%
|
$7,186
|
CAMPOS FINANCIAL CORP.
|
1
|
3.25%
|
$28,183
|
RANLIFE, INC.
|
1
|
2.75%
|
$13,341
|
RELIANCE FIRST CAPITAL, LLC
|
1
|
2.63%
|
$13,552
|
RESIDENTIAL BANCORP.
|
1
|
2.88%
|
$16,141
|
Residential Mortgage Solutions, Inc.
|
1
|
2.25%
|
$15,642
|
RMS & Associates
|
1
|
3.63%
|
$12,548
|
BETTER MORTGAGE CORPORATION
|
1
|
2.25%
|
$10,912
|
ACADEMY MORTGAGE CORPORATION
|
1
|
2.25%
|
$17,888
|
BELEM SERVICING LLC
|
1
|
2.63%
|
$30,831
|
Bank of England
|
1
|
2.88%
|
$17,449
|
STARBOARD FINANCIAL MANAGEMENT, LLC
|
1
|
2.38%
|
$7,789
|
Bank of America
|
1
|
3.38%
|
$19,893
|
AUGUSTA FINANCIAL, INC.
|
1
|
2.63%
|
$20,563
|
AmRes Corporation
|
1
|
2.38%
|
$11,231
|
SWBC MORTGAGE CORPORATION
|
1
|
3.63%
|
$13,853
|
Ameris Bank
|
1
|
2.50%
|
$5,688
|
ZILLOW HOME LOANS, LLC
|
1
|
2.75%
|
$10,703
|
TJC Mortgage, Inc.
|
1
|
3.25%
|
$10,947
|
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC
|
1
|
2.75%
|
$7,570
|
TOWNE MORTGAGE COMPANY
|
1
|
4.25%
|
$14,980
|
TruHome Solutions, LLC
|
1
|
2.25%
|
$19,011
|
UNITED SECURITY FINANCIAL CORP
|
1
|
2.50%
|
$8,964
|
AMERICAN FINANCING CORPORATION
|
1
|
3.00%
|
$27,672
|
ALL WESTERN MORTGAGE, INC.
|
1
|
3.50%
|
$15,664
|
Utah Mortgage Loan Corporation
|
1
|
2.88%
|
$25,836
|
AHL FUNDING
|
1
|
4.25%
|
$19,222
|
JMJ FINANCIAL GROUP
|
1
|
3.13%
|
$18,007
|
JMAC LENDING, INC.
|
1
|
2.38%
|
$21,167
|
INTERNATIONAL CITY MORTGAGE, INC.
|
1
|
2.88%
|
$18,727
|
LEADERONE FINANCIAL CORPORATION
|
1
|
3.13%
|
$22,673
|
LENOX FINANCIAL MORTGAGE CORPORATION
|
1
|
3.00%
|
$13,261
|
INTERCAP LENDING INC.
|
1
|
2.63%
|
$16,847
|
HOMEOWNERS FINANCIAL GROUP USA, LLC
|
1
|
2.88%
|
$18,048
|
LOANLEADERS OF AMERICA, INC.
|
1
|
3.25%
|
$15,971
|
Home Mortgage Alliance Corp
|
1
|
3.25%
|
$24,192
|
Magnolia Bank
|
1
|
3.50%
|
$23,570
|
MANN FINANCIAL INC.
|
1
|
4.13%
|
$19,329
|
HOME FUNDING CORPORATION
|
1
|
4.00%
|
$21,812
|
MICHIGAN MUTUAL, INC.
|
1
|
3.13%
|
$25,553
|
WALL FINANCIAL, INC.
|
1
|
2.38%
|
$9,634
|
HighTechLending Inc
|
1
|
2.63%
|
$16,680
|
GoPrime Mortgage, Inc.
|
1
|
3.13%
|
$13,445
|
Goldwater Bank, N.A.
|
1
|
2.88%
|
$16,365
|
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION
|
1
|
2.75%
|
$13,851
|
NATIONS RELIABLE LENDING, LLC
|
1
|
2.63%
|
$12,747
|
NBKC BANK
|
1
|
2.63%
|
$19,397
|
NETWORK CAPITAL FUNDING CORPORATION
|
1
|
3.13%
|
$27,269
|
A&D Mortgage LLC
|
1
|
2.50%
|
$12,785
|
FBC MORTGAGE, LLC
|
1
|
2.75%
|
$14,880
|
NMSI, INC.
|
1
|
3.25%
|
$15,020
|
OCEANSIDE MORTGAGE COMPANY
|
1
|
2.75%
|
$10,483
|
The top Oakland FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
380 FHA loans originated. Their average total fees are
$12,134, which is $2,069
lower than the next largest lender,
CALIBER HOME LOANS, INC..
The lowest fee Oakland FHA lenders (with over 10 loans originated) are
VILLAGE CAPITAL & INVESTMENT LLC ($5,910), Mr. Cooper ( Nationstar Mortgage ) ($8,869), Lakeview Community Capital, LLC ($9,007), LAKEVIEW LOAN SERVICING, LLC ($9,582) and FREEDOM MORTGAGE CORPORATION ($10,261).
The lowest rate Oakland FHA lenders (with over 10 loans originated) are
VILLAGE CAPITAL & INVESTMENT LLC (2.44%), DHI MORTGAGE COMPANY, LTD. (2.62%), FREEDOM MORTGAGE CORPORATION (2.63%), QUICKEN LOANS, LLC (2.63%) and AmeriHome Mortgage Company, LLC (2.66%).
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 |
$832,915 (4.3%) |
$1,485,691 (14.7%) |
3.07 |
2,454 |
2018-02-01 |
$894,500 (6.6%) |
$1,527,161 (11.4%) |
3.23 |
2,923 |
2018-03-01 |
$939,000 (5.9%) |
$1,557,480 (10.1%) |
3.25 |
3,362 |
2018-04-01 |
$981,500 (9.7%) |
$1,627,669 (10.6%) |
3.29 |
3,858 |
2018-05-01 |
$992,500 (10.4%) |
$1,631,792 (10.6%) |
3.31 |
4,356 |
2018-06-01 |
$980,000 (8.9%) |
$1,586,014 (7.6%) |
3.27 |
4,862 |
2018-07-01 |
$922,500 (5.4%) |
$1,505,141 (5.4%) |
3.08 |
5,230 |
2018-08-01 |
$889,750 (4.7%) |
$1,367,976 (-0.2%) |
2.97 |
5,420 |
2018-09-01 |
$899,000 (3.9%) |
$1,380,708 (-3.8%) |
3.01 |
6,521 |
2018-10-01 |
$899,000 (1.0%) |
$1,390,218 (-7.7%) |
3.01 |
6,733 |
2018-11-01 |
$887,444 (-0.2%) |
$1,454,799 (-4.5%) |
2.98 |
6,398 |
2018-12-01 |
$849,000 (-2.3%) |
$1,321,150 (-14.6%) |
2.91 |
4,585 |
2019-01-01 |
$822,444 (-1.3%) |
$1,281,720 (-13.7%) |
2.84 |
3,911 |
2019-02-01 |
$878,000 (-1.8%) |
$1,392,919 (-8.8%) |
2.94 |
4,470 |
2019-03-01 |
$905,143 (-3.6%) |
$1,481,646 (-4.9%) |
2.95 |
4,885 |
2019-04-01 |
$938,000 (-4.4%) |
$1,523,268 (-6.4%) |
2.95 |
5,273 |
2019-05-01 |
$952,500 (-4.0%) |
$1,495,179 (-8.4%) |
2.94 |
5,904 |
2019-06-01 |
$949,950 (-3.1%) |
$1,469,299 (-7.4%) |
2.92 |
6,445 |
2019-07-01 |
$927,000 (0.5%) |
$1,511,051 (0.4%) |
2.88 |
6,372 |
2019-08-01 |
$910,657 (2.4%) |
$1,486,560 (8.7%) |
2.87 |
6,238 |
2019-09-01 |
$925,000 (2.9%) |
$1,470,599 (6.5%) |
2.94 |
6,177 |
2019-10-01 |
$946,500 (5.3%) |
$1,522,534 (9.5%) |
3.02 |
6,536 |
2019-11-01 |
$949,950 (7.0%) |
$1,628,141 (11.9%) |
3.07 |
5,321 |
2019-12-01 |
$897,250 (5.7%) |
$1,711,252 (29.5%) |
2.99 |
3,202 |
2020-01-01 |
$893,500 (8.6%) |
$1,682,109 (31.2%) |
2.98 |
2,718 |
2020-02-01 |
$969,950 (10.5%) |
$1,703,609 (22.3%) |
3.13 |
3,486 |
2020-03-01 |
$987,475 (9.1%) |
$1,666,066 (12.5%) |
3.09 |
3,860 |
2020-04-01 |
$950,000 (1.3%) |
$1,566,455 (2.8%) |
2.96 |
3,669 |
2020-05-01 |
$999,000 (4.9%) |
$1,631,205 (9.1%) |
3.03 |
4,853 |
2020-06-01 |
$1,075,000 (13.2%) |
$1,673,197 (13.9%) |
3.14 |
5,218 |
2020-07-01 |
$1,084,000 (16.9%) |
$1,688,769 (11.8%) |
3.11 |
5,348 |
2020-08-01 |
$1,050,000 (15.3%) |
$1,693,359 (13.9%) |
3.00 |
5,513 |
2020-09-01 |
$1,067,444 (15.4%) |
$1,710,780 (16.3%) |
3.05 |
5,702 |
2020-10-01 |
$1,075,000 (13.6%) |
$1,704,790 (12.0%) |
3.07 |
6,146 |
2020-11-01 |
$1,050,000 (10.5%) |
$1,687,095 (3.6%) |
3.01 |
5,521 |
2020-12-01 |
$998,940 (11.3%) |
$1,715,364 (0.2%) |
2.93 |
3,965 |
2021-01-01 |
$995,000 (11.4%) |
$1,765,083 (4.9%) |
2.93 |
3,084 |
2021-02-01 |
$999,997 (3.1%) |
$1,783,564 (4.7%) |
2.88 |
3,223 |
2021-03-01 |
$1,021,500 (3.5%) |
$1,869,112 (12.2%) |
2.86 |
3,354 |
2021-04-01 |
$1,049,500 (10.5%) |
$1,871,486 (19.5%) |
2.82 |
3,430 |
2021-05-01 |
$1,088,000 (8.9%) |
$1,891,446 (16.0%) |
2.86 |
3,463 |
2021-06-01 |
$1,079,000 (0.4%) |
$1,809,889 (8.2%) |
2.80 |
3,872 |
2021-07-01 |
$999,500 (-7.8%) |
$1,709,988 (1.3%) |
2.60 |
4,134 |
2021-08-01 |
$995,000 (-5.2%) |
$1,648,041 (-2.7%) |
2.62 |
4,245 |
2021-09-01 |
$993,500 (-6.9%) |
$1,704,806 (-0.4%) |
2.61 |
4,585 |
2021-10-01 |
$997,000 (-7.3%) |
$1,774,651 (4.1%) |
2.62 |
4,575 |
2021-11-01 |
$984,450 (-6.2%) |
$1,795,658 (6.4%) |
2.59 |
3,554 |
2021-12-01 |
$954,000 (-4.5%) |
$1,842,466 (7.4%) |
2.54 |
2,340 |
2022-01-01 |
$949,000 (-4.6%) |
$1,746,953 (-1.0%) |
2.53 |
2,009 |
Oakland's median listing price for 2022-01-01 was $949,000, a difference of
$-46,000
(-4.6%) versus the prior year and
$-5,000 versus the prior month.
Oakland's median listing price comes in at 253% of the national average.
Oakland's average listing price for 2022-01-01 was $1,746,953, a difference of
$-18,130
(-1.0%) versus the prior year and
$-95,513 versus the prior month.
For the 2022-01-01 period, Oakland had 2,009 MLS listings, a difference of
-331 listings
(-14%)
versus the prior month and
-1,075 listings
(-35%)
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 |
31 days |
1,710 sqft |
2018-02-01 |
19 days |
1,736 sqft |
2018-03-01 |
22 days |
1,750 sqft |
2018-04-01 |
23 days |
1,781 sqft |
2018-05-01 |
21 days |
1,803 sqft |
2018-06-01 |
24 days |
1,780 sqft |
2018-07-01 |
29 days |
1,735 sqft |
2018-08-01 |
29 days |
1,701 sqft |
2018-09-01 |
27 days |
1,686 sqft |
2018-10-01 |
31 days |
1,687 sqft |
2018-11-01 |
37 days |
1,655 sqft |
2018-12-01 |
50 days |
1,609 sqft |
2019-01-01 |
49 days |
1,595 sqft |
2019-02-01 |
27 days |
1,631 sqft |
2019-03-01 |
28 days |
1,691 sqft |
2019-04-01 |
28 days |
1,757 sqft |
2019-05-01 |
28 days |
1,811 sqft |
2019-06-01 |
30 days |
1,787 sqft |
2019-07-01 |
35 days |
1,740 sqft |
2019-08-01 |
36 days |
1,726 sqft |
2019-09-01 |
35 days |
1,722 sqft |
2019-10-01 |
34 days |
1,706 sqft |
2019-11-01 |
42 days |
1,703 sqft |
2019-12-01 |
57 days |
1,707 sqft |
2020-01-01 |
54 days |
1,680 sqft |
2020-02-01 |
18 days |
1,723 sqft |
2020-03-01 |
28 days |
1,760 sqft |
2020-04-01 |
37 days |
1,764 sqft |
2020-05-01 |
33 days |
1,760 sqft |
2020-06-01 |
30 days |
1,702 sqft |
2020-07-01 |
30 days |
1,625 sqft |
2020-08-01 |
31 days |
1,569 sqft |
2020-09-01 |
30 days |
1,533 sqft |
2020-10-01 |
29 days |
1,525 sqft |
2020-11-01 |
40 days |
1,500 sqft |
2020-12-01 |
51 days |
1,479 sqft |
2021-01-01 |
46 days |
1,454 sqft |
2021-02-01 |
28 days |
1,485 sqft |
2021-03-01 |
29 days |
1,530 sqft |
2021-04-01 |
30 days |
1,548 sqft |
2021-05-01 |
28 days |
1,562 sqft |
2021-06-01 |
28 days |
1,560 sqft |
2021-07-01 |
28 days |
1,546 sqft |
2021-08-01 |
29 days |
1,548 sqft |
2021-09-01 |
29 days |
1,538 sqft |
2021-10-01 |
30 days |
1,514 sqft |
2021-11-01 |
38 days |
1,502 sqft |
2021-12-01 |
44 days |
1,455 sqft |
2022-01-01 |
39 days |
1,423 sqft |
Oakland's median listing age (time on market) for 2022-01-01 was 39 days.
This
is -15%
shorter
than the same period one year ago.
Oakland's median square footage for active listings during the 2022-01-01 period was
1,423 sqft. One year prior, the average listing was
1,454 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).