Red Bluff FHA Loan Rates, Closing Costs & Stats

Red Bluff, 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.

    Red Bluff's 44 lenders originated 208 FHA loans during 2024. The total origination value was $59,870,000, with an average FHA loan value of $287,837.

    Red Bluff FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Red Bluff averaged 0.25% for the week of 2025-07-04, compared to the national average (all FHA variants) of 0% for the same period.

    Red Bluff's average FHA mortgage closing costs are $10,069.

    The average rate for the prior week (2025-06-27) was 6.53% and one month ago for the week of 2025-05-30, the average rate was 6.91%.

    The average rate one year ago was 6.83%.

    For refis of the same type during the week of 2025-07-04, the average rate was 0.1%.

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

    Red Bluff 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 Red Bluff level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    PRIMELENDING, A PLAINSCAPITAL COMPANY 24 6.63% $12,601
    UNITED WHOLESALE MORTGAGE, LLC 18 6.14% $13,268
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 15 6.26% $14,919
    Commerce Home Mortgage, Inc. 9 6.60% $17,460
    QUICKEN LOANS, LLC 8 6.57% $13,334
    ON Q FINANCIAL, INC. 8 6.63% $14,112
    AMERICAN PACIFIC MORTGAGE CORPORATION 8 6.41% $15,893
    Paramount Residential Mortgage Group, Inc. 7 6.02% $15,585
    NEWREZ LLC 6 6.73% $12,813
    MORTGAGEONE, INC. 6 6.27% $15,021
    BROKER SOLUTIONS, INC. 5 6.88% $12,888
    INFINITY EQUITY GROUP, INC. 5 6.60% $11,941
    SUMMIT FUNDING, INC. 5 6.68% $15,002
    Sierra Pacific Mortgage Company, Inc. 5 5.93% $16,786
    MEGASTAR FINANCIAL CORP. 5 5.93% $14,232
    CROSSCOUNTRY MORTGAGE, LLC 4 6.63% $11,670
    American Mortgage & Equity Consultants, Inc. 4 6.87% $11,431
    Home Mortgage Alliance Corp 4 6.44% $15,566
    GUARANTEED RATE, INC. 3 5.91% $11,809
    Century Mortgage Company DBA Century Lending Company 3 6.13% $10,915
    OCMBC, INC. 2 6.56% $12,684
    Bank of America 2 5.69% $10,797
    Barrington Bank & Trust Company, N.A. 2 6.12% $7,551
    GUILD MORTGAGE COMPANY 2 6.69% $13,136
    MASON MCDUFFIE MORTGAGE CORPORATION 2 5.25% $15,878
    MOVEMENT MORTGAGE, LLC 2 6.00% $15,833
    NATIONS DIRECT MORTGAGE, LLC 2 6.25% $11,146
    PENNYMAC LOAN SERVICES, LLC 2 6.92% $8,514
    Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $14,238
    PANORAMA MORTGAGE GROUP, LLC 1 6.50% $21,185
    MORIA DEVELOPMENT, INC. 1 6.75% $19,264
    VERITAS FUNDING, LLC 1 5.63% $19,283
    Plains Commerce Bank 1 6.63% $16,640
    MID AMERICA MORTGAGE, INC. 1 6.25% $7,084
    LOANPAL, LLC 1 6.63% $9,731
    S1L, Inc. 1 7.13% $8,274
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.00% $14,457
    LOANDEPOT.COM, LLC 1 6.13% $17,234
    SNAPFI, INC. 1 6.63% $11,200
    Keystone Funding, Inc. 1 5.75% $14,770
    SUN WEST MORTGAGE COMPANY, INC. 1 6.75% $13,152
    Umpqua Bank 1 6.50% $11,756
    Equity Prime Mortgage LLC 1 5.25% $8,538
    AMERICAN FINANCING CORPORATION 1 5.25% $15,328

    The top Red Bluff FHA lender as defined by loan originations is PRIMELENDING, A PLAINSCAPITAL COMPANY, with 24 FHA loans originated. Their average total fees are $12,601, which is $666 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Red Bluff FHA lenders (with over 10 loans originated) are PRIMELENDING, A PLAINSCAPITAL COMPANY ($12,601), UNITED WHOLESALE MORTGAGE, LLC ($13,268), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($14,919), .

    The lowest rate Red Bluff FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.14%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.26%), PRIMELENDING, A PLAINSCAPITAL COMPANY (6.63%), .

    Red Bluff FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    RED BLUFF, CA TEHAMA 2022 $420,680 $538,650 $651,050 $809,150
    RED BLUFF, CA TEHAMA 2023 $472,030 $604,400 $730,525 $907,900

    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).