Riverside FHA Loans

RIVERSIDE-SAN BERNARDINO-ONTARIO, 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.

Riverside's 277 lenders originated 28,293 FHA loans during 2021. The total origination value was $9,587,285,000, with an average FHA loan value of $338,857.

Riverside FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Riverside averaged 5.17% for the week of 2022-05-20, compared to the national average (all FHA variants) of 5.352% for the same period.

The average rate for the prior week (2022-05-13) was 5.38% and one month ago for the week of 2022-04-15, the average rate was 5.07%.

The average rate one year ago was 3.14%.

For refis of the same type during the week of 2022-05-20, the average rate was 4.92%.

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

Riverside 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 Riverside level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
UNITED WHOLESALE MORTGAGE, LLC 1,902 2.72% $11,537
QUICKEN LOANS, LLC 1,487 2.63% $8,634
FREEDOM MORTGAGE CORPORATION 939 2.69% $7,159
LOANDEPOT.COM, LLC 916 2.99% $12,984
Paramount Residential Mortgage Group, Inc. 748 3.20% $12,029
AMERICAN FINANCIAL NETWORK, INC. 641 2.97% $14,643
BROKER SOLUTIONS, INC. 627 3.04% $11,215
Mr. Cooper ( Nationstar Mortgage ) 588 3.04% $6,438
HOME POINT FINANCIAL CORPORATION 562 2.71% $10,963
CALIBER HOME LOANS, INC. 538 2.77% $9,758
LAKEVIEW LOAN SERVICING, LLC 520 2.83% $6,139
Lakeview Community Capital, LLC 476 2.81% $6,141
PENNYMAC LOAN SERVICES, LLC 461 2.94% $7,284
Carrington Mortgage Services, LLC 413 3.29% $10,971
HOMEBRIDGE FINANCIAL SERVICES, INC. 405 2.76% $10,134
DHI MORTGAGE COMPANY, LTD. 398 2.79% $11,456
OCMBC, INC. 376 2.93% $11,739
MOUNTAIN WEST FINANCIAL, INC. 371 3.04% $12,861
SUN WEST MORTGAGE COMPANY, INC. 359 2.92% $11,190
Equity Prime Mortgage LLC 350 3.13% $12,280
NEWREZ LLC 345 2.84% $8,689
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 343 3.23% $13,091
BECKAM FUNDING CORP. 317 3.78% $18,816
Commerce Home Mortgage, Inc. 301 3.08% $12,437
Hometown Equity Mortgage, LLC 290 3.18% $12,758
Franklin Loan Corporation 290 3.16% $13,043
VILLAGE CAPITAL & INVESTMENT LLC 282 2.61% $3,865
AMERICAN PACIFIC MORTGAGE CORPORATION 277 3.21% $13,846
Golden Empire Mortgage, Inc. 262 3.21% $14,111
CROSSCOUNTRY MORTGAGE, LLC 249 3.12% $12,326
NATIONS DIRECT MORTGAGE, LLC 238 2.90% $11,751
FINANCE OF AMERICA MORTGAGE LLC 227 2.85% $12,481
GUILD MORTGAGE COMPANY 202 3.04% $12,940
PLANET HOME LENDING, LLC 200 2.75% $8,490
ML Mortgage Corp. 173 2.98% $11,646
KBHS HOME LOANS, LLC 168 2.85% $14,769
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 164 3.12% $13,085
Flagstar Bank, FSB 159 2.89% $11,936
HOME APPROVALS DIRECT, INC. 148 3.05% $13,831
FBC MORTGAGE, LLC 140 3.07% $11,996
MOVEMENT MORTGAGE, LLC 139 3.13% $11,240
First Guaranty Mortgage Corporation 132 2.82% $9,327
INSPIRE HOME LOANS INC. 130 3.26% $14,040
EAGLE HOME MORTGAGE, LLC 125 3.10% $14,067
STEARNS LENDING, LLC 124 2.76% $10,320
GUARANTEED RATE, INC. 124 2.92% $11,713
SUMMIT FUNDING, INC. 120 3.15% $13,829
HOMEAMERICAN MORTGAGE CORPORATION 110 2.77% $8,034
CALCULATED RISK ANALYTICS LLC 109 3.06% $11,657
BEST CAPITAL FUNDING 104 3.05% $12,596
AMERISAVE MORTGAGE CORPORATION 103 2.86% $10,850
VISION ONE MORTGAGE, INC. 103 3.15% $8,726
CELEBRITY HOME LOANS, LLC 98 3.10% $11,672
DRAPER AND KRAMER MORTGAGE CORP. 93 3.15% $11,550
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 92 3.14% $12,569
PRIMELENDING, A PLAINSCAPITAL COMPANY 88 3.05% $13,637
RESIDENTIAL BANCORP. 88 3.21% $14,512
CMG MORTGAGE, INC. 86 2.98% $13,346
AmeriHome Mortgage Company, LLC 72 2.81% $6,162
Home Mortgage Alliance Corp 68 2.95% $13,710
CHERRY CREEK MORTGAGE, LLC 65 3.13% $7,721
InterContinental Capital Group, Inc 62 2.58% $8,810
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 59 3.25% $12,011
INTERNATIONAL CITY MORTGAGE, INC. 57 3.43% $13,915
South Pacific Financial Corporation 54 2.70% $13,429
FIRST NATIONS HOME FINANCE CORPORATION 53 2.95% $9,612
WESTERN EXPRESS LENDING 52 2.52% $10,012
PANORAMA MORTGAGE GROUP, LLC 51 3.22% $14,377
United Fidelity Funding Corp. 49 2.87% $11,046
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 46 3.13% $13,016
Platinum Home Mortgage Corporation 46 3.12% $14,669
JMJ FINANCIAL GROUP 45 2.94% $13,027
MEGA CAPITAL FUNDING, INC. 45 2.64% $11,568
ST FIN CORP 44 3.01% $14,531
ONY GLO, INC. 43 3.19% $12,509
MORTGAGE SOLUTIONS OF COLORADO, LLC 43 2.95% $11,040
ACADEMY MORTGAGE CORPORATION 43 2.99% $13,129
MICHIGAN MUTUAL, INC. 42 2.96% $11,741
ARK-LA-TEX FINANCIAL SERVICES, LLC. 41 2.92% $10,904
Nations Lending Corporation 41 3.16% $12,851
PRIMARY RESIDENTIAL MORTGAGE, INC. 39 3.25% $11,761
PLAZA HOME MORTGAGE, INC. 39 3.01% $10,903
Plains Commerce Bank 37 2.70% $11,261
MID AMERICA MORTGAGE, INC. 37 3.02% $4,210
RESIDENTIAL WHOLESALE MORTGAGE, INC. 36 2.88% $12,754
SECURITYNATIONAL MORTGAGE COMPANY 35 3.23% $11,224
NATIONS RELIABLE LENDING, LLC 35 3.22% $14,256
OPEN MORTGAGE, LLC 35 2.78% $12,121
INTELLILOAN, INC. 34 2.93% $10,465
LOANPAL, LLC 33 2.56% $11,449
CHOICE LENDING CORP. 33 3.07% $12,448
HOME FUNDING CORPORATION 32 3.21% $13,695
LENDUS, LLC 32 2.79% $11,361
MUFG Union Bank 32 2.74% $9,356
Hometown Lenders, Inc. 31 3.21% $14,330
Sierra Pacific Mortgage Company, Inc. 31 2.92% $13,050
SOVEREIGN LENDING GROUP INCORPORATED 29 2.83% $9,660
WALL FINANCIAL, INC. 29 2.84% $14,157
BAY EQUITY LLC 29 3.07% $12,427
AHL FUNDING 27 3.07% $13,898
GENEVA FINANCIAL, LLC 27 3.03% $12,799
DATA MORTGAGE, INC. 26 3.51% $12,766
The Federal Savings Bank 26 2.75% $14,081
LADERA LENDING, INC. 26 2.71% $10,799
LENDING 3, INC. 25 3.64% $11,735
MUTUAL OF OMAHA MORTGAGE, INC. 24 2.69% $10,467
AMERICAN FINANCIAL RESOURCES, INC. 23 2.79% $10,486
JPMorgan Chase Bank 23 2.97% $8,041
Wallick & Volk, Inc. 22 3.08% $14,208
LAND HOME FINANCIAL SERVICES, INC. 22 3.32% $13,805
HighTechLending Inc 21 3.11% $10,759
FIRST CENTENNIAL MORTGAGE CORPORATION 21 2.54% $10,933
iCore Lending, Inc. 20 3.06% $14,400
AXIA FINANCIAL, LLC 19 2.96% $11,334
Barrington Bank & Trust Company, N.A. 19 3.29% $12,055
PULTE MORTGAGE LLC 18 3.03% $8,609
DIGNIFIED HOME LOANS, LLC 18 2.87% $10,437
CHURCHILL MORTGAGE CORPORATION 18 3.04% $11,758
Amerifirst Financial, Inc. 18 3.03% $12,387
U.S. Bank 18 2.97% $10,888
CALCON MUTUAL MORTGAGE LLC 18 3.75% $12,757
CORNERSTONE HOME LENDING, INC. 17 3.21% $12,617
CANOPY MORTGAGE, LLC 17 2.42% $10,197
EVERETT FINANCIAL, INC. 17 3.53% $9,011
JMAC LENDING, INC. 17 2.90% $10,549
MORIA DEVELOPMENT, INC. 17 3.58% $13,798
GEO-CORP, INC. 16 2.91% $12,829
DIRECT MORTGAGE, CORP. 15 2.60% $17,180
CIT Bank 15 2.65% $13,205
VAN DYK MORTGAGE CORPORATION 14 3.13% $11,231
Century Mortgage Company DBA Century Lending Company 14 2.71% $11,190
GRANDE HOMES, INC. 14 2.78% $12,490
S1L, Inc. 14 3.18% $12,237
NMSI, INC. 13 2.80% $16,615
TOP FLITE FINANCIAL, INC. 13 3.29% $18,223
GoPrime Mortgage, Inc. 13 3.17% $12,430
MLD MORTGAGE INC. 13 2.89% $12,419
AMERIFIRST FINANCIAL CORPORATION 13 3.27% $16,254
NETWORK CAPITAL FUNDING CORPORATION 13 3.30% $12,551
Residential Mortgage Solutions, Inc. 12 2.68% $9,717
ALL WESTERN MORTGAGE, INC. 12 3.51% $12,265
AMCAP MORTGAGE, LTD. 12 2.96% $13,118
Bank of America 12 2.96% $9,678
Manufacturers and Traders Trust Company 11 2.81% $8,112
LOANLEADERS OF AMERICA, INC. 11 2.95% $12,960
MEGASTAR FINANCIAL CORP. 11 3.06% $11,008
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 11 3.31% $15,183
CAMPOS FINANCIAL CORP. 11 2.98% $14,731
HOMESIDE FINANCIAL, LLC 10 3.07% $10,755
GUARANTEED RATE AFFINITY, LLC 10 2.89% $12,533
Prime Choice Funding Inc. 10 2.83% $7,174
VERITAS FUNDING, LLC 10 3.00% $11,884
ROUNDPOINT MORTGAGE SERVICING CORPORATION 10 3.26% $13,630
MASON MCDUFFIE MORTGAGE CORPORATION 10 2.95% $12,828
PARKSIDE LENDING, LLC 9 2.67% $11,016
ALAMEDA MORTGAGE CORPORATION 9 3.11% $12,222
Chickasaw Community Bank 8 2.75% $11,288
GET A RATE LLC 8 2.70% $11,410
NFM, INC. 8 3.23% $14,358
LHM FINANCIAL CORPORATION 8 2.58% $12,736
OCEANSIDE MORTGAGE COMPANY 8 2.72% $4,128
BEST FINANCE CAPITAL, INC. 7 2.82% $14,907
PRIMUS LENDING CORP. 7 3.09% $15,176
Alaska USA Mortgage Company LLC 7 2.82% $9,051
AMERICAN FINANCING CORPORATION 7 3.14% $10,439
PHH Mortgage Corporation 7 3.11% $6,031
OAKTREE FUNDING CORP. 7 2.61% $14,088
Alaska USA Federal Credit Union 7 2.82% $9,051
MORTGAGE MANAGEMENT CONSULTANTS, INC. 6 3.08% $11,155
LENOX FINANCIAL MORTGAGE CORPORATION 6 2.69% $10,600
Loan Simple, Inc. 6 3.06% $14,339
EMBRACE HOME LOANS, INC. 6 2.92% $7,876
Mortgage Research Center, LLC 6 2.94% $10,271
DAS Acquisition Company, LLC 6 3.40% $11,877
CLEARPATH LENDING 6 2.98% $6,170
NuVision Federal Credit Union 6 2.79% $9,665
ISERVE RESIDENTIAL LENDING, LLC 5 2.98% $10,657
INTERCAP LENDING INC. 5 3.02% $11,149
UNITED SECURITY FINANCIAL CORP 5 2.50% $5,896
RANLIFE, INC. 5 3.05% $8,934
First Bank 5 2.78% $11,561
First Savings Bank 5 3.40% $14,128
First Standard Financial Corp. 5 3.03% $15,180
NP, Inc. 5 2.83% $12,521
ON Q FINANCIAL, INC. 5 3.05% $10,897
ZILLOW HOME LOANS, LLC 5 2.70% $10,654
ENVOY MORTGAGE, LTD 4 3.34% $11,937
LIBERTY HOME MORTGAGE CORPORATION 4 2.91% $8,980
LEADERONE FINANCIAL CORPORATION 4 3.41% $10,992
BRIDGELOCK CAPITAL 4 2.66% $11,014
Prosperity Home Mortgage, LLC 4 3.22% $12,287
IAPPROVE LENDING 4 2.47% $11,033
V.I.P. MORTGAGE, INC. 4 3.09% $12,520
JET DIRECT FUNDING CORP 4 3.06% $10,139
ABSOLUTE HOME MORTGAGE CORPORATION 4 2.97% $9,793
CONTOUR MORTGAGE CORPORATION 4 3.09% $10,699
DEL SUR CORPORATION 4 2.78% $11,638
MK LENDING CORP. 4 2.97% $11,814
Watermark Capital, Inc. 4 2.72% $10,633
Strong Home Mortgage, LLC 4 2.50% $5,700
CITYWIDE HOME LOANS, LLC 4 3.53% $12,220
Waterstone Mortgage Corporation 4 3.25% $8,593
Wyndham Capital Mortgage, Inc. 4 2.63% $7,686
AUGUSTA FINANCIAL, INC. 3 2.63% $11,079
Low VA Rates, LLC 3 2.63% $4,398
MONARCH FUNDING CORP. 3 2.63% $14,734
MORTGAGE CAPITAL PARTNERS, INC. 3 3.00% $12,147
Colonial Savings, F.A. 3 3.00% $10,167
Peoples Bank 3 3.75% $11,385
PREMIER LENDING, INC. 3 3.38% $7,069
Bank of England 3 3.17% $15,161
ARC HOME LLC 3 2.79% $12,881
Ameris Bank 3 2.50% $10,598
TJC Mortgage, Inc. 3 2.71% $9,806
TOWNE MORTGAGE COMPANY 3 3.00% $17,896
Wells Fargo Bank 3 3.33% $7,173
HomeStreet Bank 3 2.71% $12,824
WINNPOINTE CORPORATION 2 3.13% $7,931
Umpqua Bank 2 2.56% $11,971
NEW WEST LENDING, INC. 2 3.19% $10,466
SNAPFI, INC. 2 3.00% $9,109
RELIANCE FIRST CAPITAL, LLC 2 2.88% $11,945
SOUTHWEST STAGE FUNDING, LLC 2 2.75% $5,067
Banner Bank 2 2.44% $10,774
BELEM SERVICING LLC 2 2.69% $12,104
HOMEOWNERS FIRST MORTGAGE, LLC 2 3.06% $15,386
NEXERA HOLDING LLC 2 3.25% $8,850
Northpointe Bank 2 2.94% $12,238
NexBank 2 2.56% $16,556
Summit Mortgage Corporation 2 2.69% $12,213
Paramount Bank 2 2.81% $9,081
SUNSTREET MORTGAGE, LLC 2 2.81% $11,116
AMERICAN HERITAGE LENDING, INC. 2 3.25% $9,358
CENTRAL COAST LENDING, INC. 2 2.69% $10,041
Magnolia Bank 2 2.81% $11,235
BBVA USA 2 2.63% $7,263
Willamette Valley Bank 2 3.06% $12,886
GSF Mortgage Corporation 2 3.06% $16,634
Blue Ridge Bank 2 3.19% $8,109
UNITED MORTGAGE CORP. 1 3.38% $15,352
LOANFLIGHT LENDING, LLC 1 2.50% $8,211
EVANSVILLE TEACHERS 1 3.13% $7,341
Financial Funding Solutions, Inc. 1 2.88% $12,594
FIRST ALLIANCE HOME MORTGAGE, LLC 1 4.25% $17,024
First Federal Bank 1 3.63% $14,602
ALLIED MORTGAGE GROUP, INC. 1 2.50% $7,530
First Home Bank 1 2.88% $13,924
KELLER MORTGAGE, LLC 1 3.25% $4,780
JAMES B. NUTTER & COMPANY 1 2.88% $5,407
BETTER MORTGAGE CORPORATION 1 2.25% $8,658
PARTNERS UNITED FINANCIAL, LLC 1 2.99% $14,313
GOLDEN WEST ALLIANCE, INC. 1 3.25% $13,854
CIS Financial Services, Inc. 1 3.38% $7,550
Citibank 1 3.00% $5,449
NOVA FINANCIAL & INVESTMENT CORPORATION 1 2.75% $11,382
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 3.75% $12,251
PREMIER MORTGAGE RESOURCES, L.L.C. 1 3.13% $10,429
North American Savings Bank, F.S.B. 1 2.25% $3,956
Princeton Mortgage Corporation 1 3.00% $11,579
BAYSHORE MORTGAGE FUNDING, LLC 1 3.25% $15,964
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 2.88% $8,837
NEW DAY FINANCIAL, LLC 1 3.38% $12,065
Neighborhood Loans, Inc. 1 3.25% $10,245
San Diego Funding 1 3.00% $14,695
NATIONWIDE MORTGAGE BANKERS, INC. 1 3.25% $25,027
Axos Bank 1 2.88% $11,223
SIWELL, INC. 1 2.88% $11,179
COMMUNITY MORTGAGE FUNDING, LLC 1 3.13% $11,518
HOMESTEAD FUNDING CORP. 1 2.63% $10,577
SRE MORTGAGE ALLIANCE INC. 1 3.25% $8,433
Advisors Mortgage Group, L.L.C. 1 3.25% $11,364
Constant Investments, Inc. 1 3.00% $11,939
Credence Funding Corporation 1 2.50% $7,655
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 2.99% $11,522
The Huntington National Bank 1 2.75% $10,244
EMM LOANS LLC 1 2.63% $13,139
AMERICAN ADVISORS GROUP 1 3.00% $10,809

The top Riverside FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 1,902 FHA loans originated. Their average total fees are $11,537, which is $2,902 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Riverside FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL & INVESTMENT LLC ($3,865), MID AMERICA MORTGAGE, INC. ($4,210), LAKEVIEW LOAN SERVICING, LLC ($6,139), Lakeview Community Capital, LLC ($6,141) and AmeriHome Mortgage Company, LLC ($6,162).

The lowest rate Riverside FHA lenders (with over 10 loans originated) are CANOPY MORTGAGE, LLC (2.42%), WESTERN EXPRESS LENDING (2.52%), FIRST CENTENNIAL MORTGAGE CORPORATION (2.54%), LOANPAL, LLC (2.56%) and InterContinental Capital Group, Inc (2.58%).

Riverside FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA RIVERSIDE 2022 $562,350 $719,900 $870,200 $1,081,450
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA SAN BERNARDINO 2022 $562,350 $719,900 $870,200 $1,081,450

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Riverside (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 $384,691 (5.1%) $579,129 (9.0%) 1.42 13,285
2018-02-01 $385,000 (4.3%) $581,841 (7.7%) 1.39 13,656
2018-03-01 $394,000 (5.8%) $586,622 (7.5%) 1.36 13,848
2018-04-01 $399,000 (6.4%) $585,700 (6.7%) 1.34 14,262
2018-05-01 $399,850 (5.2%) $579,902 (4.4%) 1.33 14,924
2018-06-01 $399,900 (5.3%) $569,243 (4.0%) 1.33 15,747
2018-07-01 $399,850 (5.3%) $542,226 (1.4%) 1.33 16,450
2018-08-01 $399,250 (5.8%) $532,107 (1.3%) 1.33 16,790
2018-09-01 $399,000 (5.3%) $527,007 (-0.5%) 1.33 17,235
2018-10-01 $396,500 (4.5%) $530,835 (-1.3%) 1.33 17,664
2018-11-01 $395,000 (4.0%) $539,043 (-2.5%) 1.32 17,882
2018-12-01 $394,000 (2.4%) $550,860 (-3.5%) 1.35 17,052
2019-01-01 $397,750 (3.4%) $560,253 (-3.3%) 1.37 16,113
2019-02-01 $399,450 (3.8%) $571,956 (-1.7%) 1.34 15,977
2019-03-01 $404,228 (2.6%) $579,238 (-1.3%) 1.32 15,536
2019-04-01 $410,000 (2.8%) $584,271 (-0.2%) 1.29 15,290
2019-05-01 $418,450 (4.7%) $589,613 (1.7%) 1.29 15,605
2019-06-01 $419,900 (5.0%) $573,831 (0.8%) 1.29 15,545
2019-07-01 $419,000 (4.8%) $560,431 (3.4%) 1.30 15,723
2019-08-01 $416,000 (4.2%) $552,193 (3.8%) 1.31 15,449
2019-09-01 $410,950 (3.0%) $546,121 (3.6%) 1.31 15,142
2019-10-01 $410,000 (3.4%) $547,522 (3.1%) 1.31 15,084
2019-11-01 $409,900 (3.8%) $556,754 (3.3%) 1.32 14,648
2019-12-01 $408,445 (3.7%) $565,873 (2.7%) 1.36 13,190
2020-01-01 $408,950 (2.8%) $574,548 (2.6%) 1.36 12,095
2020-02-01 $419,900 (5.1%) $602,330 (5.3%) 1.36 11,574
2020-03-01 $425,000 (5.1%) $614,519 (6.1%) 1.33 11,164
2020-04-01 $420,500 (2.6%) $587,139 (0.5%) 1.31 11,610
2020-05-01 $429,800 (2.7%) $600,935 (1.9%) 1.30 11,286
2020-06-01 $446,950 (6.4%) $632,624 (10.3%) 1.31 9,395
2020-07-01 $456,950 (9.1%) $657,926 (17.4%) 1.31 7,664
2020-08-01 $459,999 (10.6%) $660,233 (19.6%) 1.31 6,852
2020-09-01 $475,000 (15.6%) $702,561 (28.7%) 1.36 6,796
2020-10-01 $480,990 (17.3%) $712,893 (30.2%) 1.37 6,890
2020-11-01 $489,000 (19.3%) $733,152 (31.7%) 1.40 6,630
2020-12-01 $491,495 (20.3%) $746,372 (31.9%) 1.44 5,630
2021-01-01 $489,700 (19.8%) $767,766 (33.6%) 1.44 4,660
2021-02-01 $495,000 (17.9%) $776,294 (28.9%) 1.42 3,950
2021-03-01 $499,950 (17.6%) $765,972 (24.7%) 1.40 3,834
2021-04-01 $500,000 (18.9%) $746,626 (27.2%) 1.34 4,091
2021-05-01 $524,735 (22.1%) $731,828 (21.8%) 1.38 4,525
2021-06-01 $529,450 (18.5%) $731,295 (15.6%) 1.38 4,925
2021-07-01 $540,000 (18.2%) $731,625 (11.2%) 1.40 6,040
2021-08-01 $542,950 (18.0%) $700,913 (6.2%) 1.43 6,270
2021-09-01 $545,000 (14.7%) $685,523 (-2.4%) 1.43 6,504
2021-10-01 $549,500 (14.2%) $692,610 (-2.9%) 1.45 6,431
2021-11-01 $549,450 (12.4%) $706,372 (-3.7%) 1.45 5,846
2021-12-01 $549,250 (11.8%) $742,870 (-0.5%) 1.46 4,894
2022-01-01 $544,000 (11.1%) $746,873 (-2.7%) 1.45 4,110
2022-02-01 $549,900 (11.1%) $757,676 (-2.4%) 1.40 4,197
2022-03-01 $573,000 (14.6%) $783,862 (2.3%) 1.42 4,518
2022-04-01 $595,000 (19.0%) $792,787 (6.2%) 1.40 5,127
Riverside's median listing price for 2022-04-01 was $595,000, a difference of $95,000 (19.0%) versus the prior year and $22,000 versus the prior month.

Riverside's median listing price comes in at 140% of the national average.

Riverside's average listing price for 2022-04-01 was $792,787, a difference of $46,161 (6.2%) versus the prior year and $8,925 versus the prior month.

For the 2022-04-01 period, Riverside had 5,127 MLS listings, a difference of 609 listings (13%) versus the prior month and 1,036 listings (25%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Riverside (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 58 days 1,997 sqft
2018-02-01 44 days 1,997 sqft
2018-03-01 43 days 2,015 sqft
2018-04-01 43 days 2,040 sqft
2018-05-01 41 days 2,043 sqft
2018-06-01 43 days 2,036 sqft
2018-07-01 44 days 2,017 sqft
2018-08-01 47 days 2,000 sqft
2018-09-01 48 days 1,984 sqft
2018-10-01 49 days 1,964 sqft
2018-11-01 50 days 1,951 sqft
2018-12-01 59 days 1,927 sqft
2019-01-01 65 days 1,937 sqft
2019-02-01 58 days 1,945 sqft
2019-03-01 57 days 1,961 sqft
2019-04-01 53 days 1,976 sqft
2019-05-01 50 days 1,994 sqft
2019-06-01 51 days 1,995 sqft
2019-07-01 54 days 1,996 sqft
2019-08-01 56 days 1,981 sqft
2019-09-01 56 days 1,968 sqft
2019-10-01 52 days 1,959 sqft
2019-11-01 57 days 1,951 sqft
2019-12-01 65 days 1,952 sqft
2020-01-01 70 days 1,960 sqft
2020-02-01 58 days 1,987 sqft
2020-03-01 49 days 1,994 sqft
2020-04-01 54 days 1,940 sqft
2020-05-01 66 days 1,973 sqft
2020-06-01 58 days 1,996 sqft
2020-07-01 51 days 2,022 sqft
2020-08-01 43 days 2,000 sqft
2020-09-01 35 days 2,002 sqft
2020-10-01 35 days 2,014 sqft
2020-11-01 39 days 2,012 sqft
2020-12-01 46 days 2,003 sqft
2021-01-01 47 days 1,976 sqft
2021-02-01 34 days 1,930 sqft
2021-03-01 25 days 1,940 sqft
2021-04-01 28 days 1,903 sqft
2021-05-01 30 days 1,888 sqft
2021-06-01 30 days 1,875 sqft
2021-07-01 27 days 1,872 sqft
2021-08-01 31 days 1,871 sqft
2021-09-01 35 days 1,877 sqft
2021-10-01 35 days 1,888 sqft
2021-11-01 38 days 1,901 sqft
2021-12-01 43 days 1,896 sqft
2022-01-01 44 days 1,868 sqft
2022-02-01 31 days 1,852 sqft
2022-03-01 24 days 1,860 sqft
2022-04-01 28 days 1,892 sqft
Riverside's median listing age (time on market) for 2022-04-01 was 28 days. This is 0% longer than the same period one year ago.

Riverside's median square footage for active listings during the 2022-04-01 period was 1,892 sqft. One year prior, the average listing was 1,903 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).