Riverside FHA Loan Rates, Closing Costs & Stats

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 270 lenders originated 17,174 FHA loans during 2022. The total origination value was $6,977,610,000, with an average FHA loan value of $406,289.

Riverside FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Riverside averaged -0.45% for the week of 2024-02-23, compared to the national average (all FHA variants) of 0% for the same period.

Riverside's average FHA mortgage closing costs are $11,225.

The average rate for the prior week (2024-02-16) was 5.99% and one month ago for the week of 2024-01-19, the average rate was 5.84%.

The average rate one year ago was 5.6%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.73%.

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/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Riverside level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 2,261 4.71% $15,742
QUICKEN LOANS, LLC 1,041 4.38% $14,974
LOANDEPOT.COM, LLC 651 4.35% $15,973
Paramount Residential Mortgage Group, Inc. 583 5.02% $15,519
BECKAM FUNDING CORP. 422 5.76% $24,389
HOME POINT FINANCIAL CORPORATION 415 4.17% $14,278
DHI MORTGAGE COMPANY, LTD. 365 4.08% $14,016
OCMBC, INC. 357 4.93% $17,098
BROKER SOLUTIONS, INC. 316 4.82% $15,348
FREEDOM MORTGAGE CORPORATION 260 4.46% $13,699
CALIBER HOME LOANS, INC. 256 4.43% $15,016
PENNYMAC LOAN SERVICES, LLC 218 4.17% $13,391
CROSSCOUNTRY MORTGAGE, LLC 207 5.16% $17,018
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 199 4.87% $16,222
EAGLE HOME MORTGAGE, LLC 187 4.35% $16,887
RESIDENTIAL BANCORP 187 4.87% $17,797
AMERICAN PACIFIC MORTGAGE CORPORATION 182 4.95% $17,083
Golden Empire Mortgage, Inc. 172 5.09% $17,126
Carrington Mortgage Services, LLC 171 4.57% $15,188
MOUNTAIN WEST FINANCIAL, INC. 170 4.76% $17,011
Franklin Loan Corporation 163 5.23% $15,871
SUN WEST MORTGAGE COMPANY, INC. 158 4.66% $15,560
Hometown Equity Mortgage, LLC 155 4.64% $16,522
Mr. Cooper ( Nationstar Mortgage ) 150 3.98% $16,140
NATIONS DIRECT MORTGAGE, LLC 140 4.44% $15,504
CARDINAL FINANCIAL 138 4.60% $16,208
Flagstar Bank, FSB 137 4.38% $14,159
HOMEBRIDGE FINANCIAL SERVICES, INC. 119 4.64% $17,350
FINANCE OF AMERICA MORTGAGE LLC 119 4.54% $16,274
AMERISAVE MORTGAGE CORPORATION 119 4.38% $16,487
KBHS HOME LOANS, LLC 117 4.52% $20,091
ML Mortgage Corp. 116 4.82% $17,538
GUARANTEED RATE, INC. 112 4.39% $14,183
NEWREZ LLC 112 4.38% $13,652
Equity Prime Mortgage LLC 110 4.83% $15,764
MOVEMENT MORTGAGE, LLC 105 4.73% $15,090
GUILD MORTGAGE COMPANY 102 4.74% $17,550
PLANET HOME LENDING, LLC 95 4.09% $13,147
LAKEVIEW LOAN SERVICING, LLC 94 3.72% $9,063
CMG MORTGAGE, INC. 94 4.64% $16,248
Lakeview Community Capital, LLC 85 3.60% $9,000
FBC MORTGAGE, LLC 74 5.09% $14,078
VISION ONE MORTGAGE, INC. 72 4.84% $12,402
DRAPER AND KRAMER MORTGAGE CORP. 70 4.23% $15,215
HOME APPROVALS DIRECT, INC. 69 4.75% $18,055
Pacific Lending LLC 65 5.10% $16,594
HOMEAMERICAN MORTGAGE CORPORATION 65 4.01% $10,307
PRIMELENDING, A PLAINSCAPITAL COMPANY 62 4.82% $17,609
AMERIFIRST FINANCIAL CORPORATION 60 4.98% $17,136
South Pacific Financial Corporation 57 4.72% $18,077
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 56 5.12% $15,388
INSPIRE HOME LOANS INC. 52 4.46% $18,573
SUMMIT FUNDING, INC. 51 4.64% $18,077
Commerce Home Mortgage, Inc. 48 4.13% $14,640
AHL FUNDING 45 5.04% $19,481
Century Mortgage Company DBA Century Lending Company 44 4.91% $15,804
VILLAGE CAPITAL MORTGAGE 44 3.65% $10,627
MK LENDING CORP. 44 4.60% $18,248
iCore Lending, Inc. 42 4.91% $18,289
MORTGAGE SOLUTIONS OF COLORADO, LLC 41 4.80% $15,823
CHERRY CREEK MORTGAGE, LLC 41 4.78% $6,982
Sierra Pacific Mortgage Company, Inc. 40 5.25% $18,069
ACADEMY MORTGAGE CORPORATION 38 5.13% $17,171
PULTE MORTGAGE LLC 37 4.81% $10,028
MUFG Union Bank 37 4.56% $13,065
BAY EQUITY LLC 37 5.23% $17,493
ARK-LA-TEX FINANCIAL SERVICES, LLC. 35 4.77% $16,057
JMJ FINANCIAL GROUP 33 4.94% $19,224
S1L, Inc. 33 4.84% $16,057
AMCAP MORTGAGE, LTD. 31 4.83% $18,160
LOANPAL, LLC 31 4.09% $15,598
RESIDENTIAL WHOLESALE MORTGAGE, INC. 30 4.99% $15,627
First Guaranty Mortgage Corporation 30 3.95% $14,138
Nations Lending Corporation 28 5.25% $17,306
ST FIN CORP 28 4.58% $19,015
NFM, INC. 27 5.35% $17,052
CHOICE LENDING CORP. 27 4.57% $14,859
NETWORK CAPITAL FUNDING CORPORATION 26 4.73% $15,202
CALCON MUTUAL MORTGAGE LLC 26 5.25% $17,781
ONY GLO, INC. 25 4.52% $15,570
LADERA LENDING, INC. 24 5.06% $14,275
INTELLILOAN, INC. 23 4.76% $16,079
TOP FLITE FINANCIAL, INC. 23 5.05% $20,240
JPMorgan Chase Bank 23 4.63% $10,174
Plains Commerce Bank 23 5.08% $16,315
AXIA FINANCIAL, LLC 23 4.69% $15,021
PANORAMA MORTGAGE GROUP, LLC 22 5.26% $20,012
FIRST NATIONS HOME FINANCE CORPORATION 22 4.64% $11,455
Hometown Lenders, Inc. 22 3.98% $15,781
MUTUAL OF OMAHA MORTGAGE, INC. 22 4.82% $16,230
Platinum Home Mortgage Corporation 21 4.92% $17,711
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 21 4.81% $16,132
OPEN MORTGAGE, LLC 21 4.02% $16,564
PLAZA HOME MORTGAGE, INC. 21 4.68% $17,647
GENEVA FINANCIAL, LLC 19 4.77% $16,580
PRIMARY RESIDENTIAL MORTGAGE, INC. 19 4.75% $16,368
MICHIGAN MUTUAL, INC. 19 4.02% $15,367
Cornerstone First Mortgage, Inc 18 4.26% $14,923
BEST CAPITAL FUNDING 18 4.16% $18,001
Amerifirst Financial, Inc. 16 5.30% $12,895
U.S. Bank 16 5.14% $16,855
MID AMERICA MORTGAGE, INC. 16 5.02% $6,415
LAND HOME FINANCIAL SERVICES, INC. 15 4.73% $14,722
AmeriHome Mortgage Company, LLC 15 4.51% $12,634
SECURITYNATIONAL MORTGAGE COMPANY 15 5.22% $15,355
EVERETT FINANCIAL, INC. 15 4.88% $10,564
Barrington Bank & Trust Company, N.A. 14 4.45% $13,780
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 14 4.82% $14,886
First-Citizens Bank & Trust Company 13 4.49% $20,354
WALL FINANCIAL, INC. 13 4.83% $18,997
HOME FUNDING CORPORATION 12 4.49% $19,050
CASTLE & COOKE MORTGAGE, LLC 11 5.19% $15,603
CAMPOS FINANCIAL CORP. 11 4.55% $17,517
VERITAS FUNDING, LLC 11 5.05% $18,743
FIRST CENTENNIAL MORTGAGE CORPORATION 11 4.99% $13,328
M&T Bank 11 3.63% $12,892
AMERICAN FINANCIAL RESOURCES, INC. 10 4.86% $15,140
First Standard Financial Corp. 10 4.94% $20,164
ENVOY MORTGAGE, LTD 10 5.38% $19,542
United Fidelity Funding Corp. 10 4.38% $17,938
ZILLOW HOME LOANS, LLC 10 4.38% $13,299
LOANLEADERS OF AMERICA, INC. 10 4.77% $14,534
JMAC LENDING, INC. 9 5.13% $15,575
Bank of America 9 3.38% $9,455
HOMESIDE FINANCIAL, LLC 9 4.67% $15,167
DIRECT MORTGAGE, CORP. 9 3.86% $21,527
The Federal Savings Bank 9 4.86% $17,462
ROUNDPOINT MORTGAGE SERVICING CORPORATION 9 4.35% $14,571
CALCULATED RISK ANALYTICS LLC 8 4.14% $15,067
BEST FINANCE CAPITAL, INC. 8 4.13% $17,271
CHURCHILL MORTGAGE CORPORATION 8 4.84% $15,490
HighTechLending Inc 7 4.29% $18,130
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 7 4.82% $17,643
Waterstone Mortgage Corporation 7 4.64% $12,944
NATIONS RELIABLE LENDING, LLC 7 4.70% $15,559
SOVEREIGN LENDING GROUP INCORPORATED 7 4.48% $15,519
MORIA DEVELOPMENT, INC. 7 4.29% $20,110
Prosperity Home Mortgage, LLC 7 5.84% $15,630
HOMEOWNERS FINANCIAL GROUP USA, LLC 6 5.06% $18,422
AMERICAN FINANCING CORPORATION 6 4.00% $12,708
CANOPY MORTGAGE, LLC 6 5.10% $17,921
GEO-CORP, INC. 6 4.67% $18,800
STEARNS LENDING, LLC 6 3.02% $12,168
AUGUSTA FINANCIAL, INC. 5 4.75% $14,392
VAN DYK MORTGAGE CORPORATION 5 5.08% $15,278
GRANDE HOMES, INC. 5 3.83% $13,379
First Bank 5 4.50% $15,104
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 5 4.30% $14,664
ALAMEDA MORTGAGE CORPORATION 5 4.78% $14,079
LENDING 3, INC. 5 6.70% $13,289
Loan Simple, Inc. 5 4.50% $15,758
MASON MCDUFFIE MORTGAGE CORPORATION 5 4.12% $15,869
DAS Acquisition Company, LLC 5 5.10% $23,075
NuVision Federal Credit Union 5 4.70% $15,468
HOMEOWNERS FIRST MORTGAGE, LLC 4 5.47% $19,757
RANLIFE, INC. 4 5.78% $12,688
PACIFIC RESIDENTIAL MORTGAGE, LLC 4 5.81% $17,264
CITYWIDE HOME LOANS, LLC 4 6.19% $18,845
EMM LOANS LLC 4 5.81% $17,811
DIGNIFIED HOME LOANS, LLC 4 4.16% $16,307
Residential Mortgage Solutions, Inc. 4 4.63% $14,652
GUARANTEED RATE AFFINITY, LLC 4 4.75% $14,446
NOVA FINANCIAL & INVESTMENT CORPORATION 3 5.21% $8,031
Alaska USA Mortgage Company LLC 3 4.71% $7,861
LENOX FINANCIAL MORTGAGE CORPORATION 3 4.04% $13,297
LIBERTY HOME MORTGAGE CORPORATION 3 3.71% $16,193
MEGASTAR FINANCIAL CORP. 3 5.67% $18,472
DATA MORTGAGE, INC. 3 4.25% $14,017
CORNERSTONE HOME LENDING, INC. 3 4.83% $19,561
MORTGAGE MANAGEMENT CONSULTANTS, INC. 3 5.58% $9,527
Wells Fargo Bank 3 5.42% $10,153
Prime Choice Funding Inc. 3 3.04% $14,247
NATIONWIDE MORTGAGE BANKERS, INC. 3 5.42% $21,378
NMSI, INC. 3 4.25% $16,360
THE GOLDEN 1 3 5.17% $13,239
NP, Inc. 3 4.75% $13,974
Texana Bank 3 3.50% $10,806
ON Q FINANCIAL, INC. 3 5.96% $14,643
SUCCESS MORTGAGE PARTNERS, INC. 3 4.91% $17,230
SCHOOLSFIRST 3 5.67% $11,008
Wyndham Capital Mortgage, Inc. 2 4.56% $16,515
NEW WEST LENDING, INC. 2 4.38% $10,828
NexBank 2 5.13% $16,564
THRIVE MORTGAGE, LLC 2 4.88% $13,064
Evolve Bank & Trust 2 5.31% $16,778
North American Savings Bank, F.S.B. 2 3.38% $17,340
FIRST ALLIANCE HOME MORTGAGE, LLC 2 3.31% $18,557
ALLIED MORTGAGE GROUP, INC. 2 3.81% $11,790
INTERCAP LENDING INC. 2 6.19% $16,132
CONTOUR MORTGAGE CORPORATION 2 4.69% $22,662
Magnolia Bank 2 5.19% $15,050
Florida Capital Bank 2 5.06% $13,475
GoPrime Mortgage, Inc. 2 5.63% $18,771
Sunflower Bank 2 5.56% $15,346
Bank of England 2 5.06% $18,423
LHM FINANCIAL CORPORATION 2 4.25% $14,059
LEADERONE FINANCIAL CORPORATION 2 4.00% $18,804
Ameris Bank 2 4.00% $10,966
SNAPFI, INC. 2 3.69% $12,312
PARTNERS UNITED FINANCIAL, LLC 2 5.25% $18,482
ARC HOME LLC 2 3.31% $11,275
PENTAGON FEDERAL CREDIT UNION 2 5.75% $9,386
Austin Capital Bank SSB 2 5.38% $27,506
PHH Mortgage Corporation 2 3.31% $11,698
CLEARPATH LENDING 2 2.93% $9,831
Wallick & Volk, Inc. 2 3.38% $13,478
Watermark Capital, Inc. 2 4.25% $10,893
ROYAL UNITED MORTGAGE LLC 2 7.00% $7,234
Mortgage Research Center, LLC 2 5.88% $14,067
BETTER MORTGAGE CORPORATION 2 3.94% $14,461
TOWNE MORTGAGE COMPANY 2 5.44% $12,326
MORTGAGEONE, INC. 2 4.94% $21,211
KELLER MORTGAGE, LLC 1 7.00% $11,054
AMERICAN ADVISORS GROUP 1 3.88% $11,947
AMERICAN HERITAGE LENDING, INC. 1 5.25% $14,017
AmRes Corporation 1 3.38% $12,724
Armed Forces Bank 1 3.13% $13,641
Axos Bank 1 3.88% $13,472
Banner Bank 1 3.75% $15,260
BAYSHORE MORTGAGE FUNDING, LLC 1 5.75% $10,801
BELEM SERVICING LLC 1 5.63% $13,678
BKCO MORTGAGE, LLC 1 5.63% $11,135
BNB FINANCIAL INC. 1 3.75% $15,806
CAPSTONE DIRECT, INC. 1 4.63% $14,100
Citizens Bank 1 4.25% $15,607
COMMUNITY MORTGAGE FUNDING, LLC 1 4.63% $12,220
Credence Funding Corporation 1 5.00% $13,699
CUSTOMER SERVICE MORTGAGE CORPORATION 1 4.75% $17,853
DEL SUR CORPORATION 1 5.25% $12,731
DIRECTORS MORTGAGE, INC. 1 4.75% $10,515
EMBRACE HOME LOANS, INC. 1 4.88% $16,599
Encompass Lending Group, LP 1 3.75% $10,295
FAY SERVICING, LLC 1 4.00% $7,124
First Savings Bank 1 3.88% $13,752
GOLDEN WEST ALLIANCE, INC. 1 5.75% $15,903
GSF Mortgage Corporation 1 5.63% $23,762
GUARANTY HOME MORTGAGE CORPORATION 1 5.38% $15,510
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 5.25% $16,473
HomeStreet Bank 1 3.63% $8,899
HOMEXPRESS MORTGAGE CORP. 1 6.63% $12,813
IMPAC MORTGAGE CORP. 1 4.38% $11,012
ISERVE RESIDENTIAL LENDING, LLC 1 3.25% $5,649
1st Security Bank of Washington 1 4.25% $20,210
KINECTA 1 5.25% $15,320
MEMBER FIRST MORTGAGE, LLC 1 5.00% $29,320
MLD MORTGAGE INC. 1 4.25% $13,084
MONARCH FUNDING CORP. 1 3.25% $13,771
NBKC BANK 1 2.75% $12,433
Neighborhood Loans, Inc. 1 3.88% $15,229
NEW DAY FINANCIAL, LLC 1 3.38% $9,475
Northpointe Bank 1 4.75% $11,574
OAKTREE FUNDING CORP. 1 4.63% $15,339
Peoples Bank 1 6.00% $11,140
PREMIER LENDING, INC. 1 4.00% $10,996
PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.25% $9,929
RELIANCE FIRST CAPITAL, LLC 1 4.63% $12,514
RMS & Associates 1 5.25% $8,784
Shea Mortgage Inc. 1 5.75% $7,177
SOUTHWEST STAGE FUNDING, LLC 1 4.38% $10,807
Strong Home Mortgage, LLC 1 2.63% $5,835
Summit Mortgage Corporation 1 5.63% $21,494
SUNSTREET MORTGAGE, LLC 1 3.75% $12,443
T2 FINANCIAL LLC 1 4.75% $25,621
The Union Bank Company 1 3.00% $9,371
TJC Mortgage, Inc. 1 4.00% $24,912
Town Square Mortgage & Investments, Inc. 1 4.63% $8,816
TruHome Solutions, LLC 1 6.13% $20,222
UNITED MORTGAGE CORP 1 3.88% $23,672
WALL STREET MORTGAGE BANKERS, LTD. 1 4.25% $12,182
Willamette Valley Bank 1 3.25% $19,402

The top Riverside FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 2,261 FHA loans originated. Their average total fees are $15,742, which is $768 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Riverside FHA lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($6,415), CHERRY CREEK MORTGAGE, LLC ($6,982), Lakeview Community Capital, LLC ($9,000), LAKEVIEW LOAN SERVICING, LLC ($9,063) and PULTE MORTGAGE LLC ($10,028).

The lowest rate Riverside FHA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC (3.60%), M&T Bank (3.63%), VILLAGE CAPITAL MORTGAGE (3.65%), LAKEVIEW LOAN SERVICING, LLC (3.72%) and First Guaranty Mortgage Corporation (3.95%).

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
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA RIVERSIDE 2023 $644,000 $824,450 $996,550 $1,238,500
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA SAN BERNARDINO 2023 $644,000 $824,450 $996,550 $1,238,500

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 $389,900 (5.6%) $590,201 (10.2%) 1.45 12,231
2018-02-01 $390,000 (5.4%) $593,269 (8.9%) 1.42 12,607
2018-03-01 $399,000 (6.4%) $599,774 (8.6%) 1.40 12,739
2018-04-01 $404,950 (6.9%) $597,714 (7.8%) 1.37 13,074
2018-05-01 $406,389 (5.4%) $591,178 (5.1%) 1.36 13,709
2018-06-01 $409,900 (6.5%) $579,453 (4.6%) 1.37 14,448
2018-07-01 $408,500 (6.1%) $550,185 (1.8%) 1.36 15,059
2018-08-01 $404,563 (6.5%) $540,644 (1.4%) 1.36 15,332
2018-09-01 $400,000 (3.9%) $531,241 (-1.2%) 1.34 15,768
2018-10-01 $399,900 (3.9%) $538,687 (-1.3%) 1.35 16,273
2018-11-01 $399,000 (2.5%) $546,755 (-2.8%) 1.35 16,609
2018-12-01 $399,000 (2.3%) $555,097 (-4.3%) 1.38 15,901
2019-01-01 $399,000 (2.3%) $564,081 (-4.4%) 1.38 15,165
2019-02-01 $399,950 (2.6%) $573,546 (-3.3%) 1.35 15,138
2019-03-01 $407,100 (2.0%) $578,021 (-3.6%) 1.33 14,858
2019-04-01 $410,450 (1.4%) $580,854 (-2.8%) 1.30 14,697
2019-05-01 $418,525 (3.0%) $580,245 (-1.9%) 1.31 14,914
2019-06-01 $419,900 (2.4%) $571,202 (-1.4%) 1.31 14,797
2019-07-01 $419,000 (2.6%) $555,075 (0.9%) 1.31 14,816
2019-08-01 $416,545 (3.0%) $548,037 (1.4%) 1.32 14,692
2019-09-01 $412,864 (3.2%) $543,046 (2.2%) 1.32 14,473
2019-10-01 $410,000 (2.5%) $540,981 (0.4%) 1.32 14,246
2019-11-01 $409,500 (2.6%) $549,832 (0.6%) 1.34 13,953
2019-12-01 $405,000 (1.5%) $556,913 (0.3%) 1.35 12,483
2020-01-01 $407,000 (2.0%) $568,546 (0.8%) 1.36 11,563
2020-02-01 $419,000 (4.8%) $589,374 (2.8%) 1.37 11,075
2020-03-01 $424,950 (4.4%) $598,575 (3.6%) 1.33 10,596
2020-04-01 $419,975 (2.3%) $576,829 (-0.7%) 1.32 11,064
2020-05-01 $427,945 (2.3%) $588,151 (1.4%) 1.30 10,768
2020-06-01 $439,450 (4.7%) $612,136 (7.2%) 1.29 8,987
2020-07-01 $449,950 (7.4%) $636,810 (14.7%) 1.30 7,390
2020-08-01 $459,999 (10.4%) $653,800 (19.3%) 1.32 6,698
2020-09-01 $468,995 (13.6%) $673,349 (24.0%) 1.34 6,676
2020-10-01 $469,999 (14.6%) $731,634 (35.2%) 1.35 6,752
2020-11-01 $475,000 (16.0%) $693,466 (26.1%) 1.39 6,376
2020-12-01 $478,944 (18.3%) $708,446 (27.2%) 1.42 5,505
2021-01-01 $475,000 (16.7%) $727,615 (28.0%) 1.42 4,611
2021-02-01 $482,400 (15.1%) $730,984 (24.0%) 1.40 3,907
2021-03-01 $493,095 (16.0%) $721,928 (20.6%) 1.40 3,802
2021-04-01 $499,900 (19.0%) $723,789 (25.5%) 1.35 4,034
2021-05-01 $520,000 (21.5%) $732,220 (24.5%) 1.38 4,412
2021-06-01 $526,972 (19.9%) $729,499 (19.2%) 1.39 4,793
2021-07-01 $539,000 (19.8%) $706,704 (11.0%) 1.42 5,699
2021-08-01 $539,900 (17.4%) $697,595 (6.7%) 1.44 6,120
2021-09-01 $542,700 (15.7%) $682,003 (1.3%) 1.45 6,376
2021-10-01 $549,000 (16.8%) $685,667 (-6.3%) 1.46 6,286
2021-11-01 $549,700 (15.7%) $702,543 (1.3%) 1.47 5,754
2021-12-01 $549,450 (14.7%) $738,639 (4.3%) 1.49 4,828
2022-01-01 $545,000 (14.7%) $742,653 (2.1%) 1.47 4,073
2022-02-01 $550,000 (14.0%) $761,166 (4.1%) 1.43 4,145
2022-03-01 $573,500 (16.3%) $777,977 (7.8%) 1.44 4,390
2022-04-01 $594,000 (18.8%) $787,396 (8.8%) 1.42 5,014
2022-05-01 $599,000 (15.2%) $784,521 (7.1%) 1.37 6,826
2022-06-01 $599,000 (13.7%) $767,418 (5.2%) 1.33 8,396
2022-07-01 $596,000 (10.6%) $732,951 (3.7%) 1.34 10,516
2022-08-01 $586,166 (8.6%) $713,214 (2.2%) 1.36 10,886
2022-09-01 $579,900 (6.9%) $704,231 (3.3%) 1.36 11,006
2022-10-01 $575,000 (4.7%) $708,141 (3.3%) 1.35 11,269
2022-11-01 $569,000 (3.5%) $727,251 (3.5%) 1.37 11,193
2022-12-01 $564,900 (2.8%) $729,514 (-1.2%) 1.39 10,046
2023-01-01 $560,000 (2.8%) $742,972 (0.0%) 1.39 8,838
2023-02-01 $559,900 (1.8%) $758,784 (-0.3%) 1.35 8,070
2023-03-01 $559,495 (-2.4%) $767,478 (-1.4%) 1.32 7,510
2023-04-01 $569,000 (-4.2%) $798,012 (1.4%) 1.32 6,786
2023-05-01 $580,000 (-3.2%) $813,209 (3.7%) 1.32 6,739
2023-06-01 $580,000 (-3.2%) $801,327 (4.4%) 1.30 6,878
2023-07-01 $585,000 (-1.9%) $788,260 (7.6%) 1.33 7,306
2023-08-01 $575,500 (-1.8%) $768,714 (7.8%) 1.32 7,614
2023-09-01 $579,000 (-0.2%) $765,590 (8.7%) 1.35 7,856
2023-10-01 $580,000 (0.9%) $775,553 (9.5%) 1.36 8,430
2023-11-01 $584,850 (2.8%) $789,870 (8.6%) 1.39 8,771
2023-12-01 $579,000 (2.5%) $797,768 (9.4%) 1.41 8,337
Riverside's median listing price for 2023-12-01 was $579,000, a difference of $14,100 (2.5%) versus the prior year and $-5,850 versus the prior month.

Riverside's median listing price comes in at 141% of the national average.

Riverside's average listing price for 2023-12-01 was $797,768, a difference of $68,254 (9.4%) versus the prior year and $7,898 versus the prior month.

For the 2023-12-01 period, Riverside had 8,337 MLS listings, a difference of -434 listings (-5%) versus the prior month and -1,709 listings (-17%) 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 56 days 1,990 sqft
2018-02-01 43 days 1,989 sqft
2018-03-01 43 days 2,014 sqft
2018-04-01 43 days 2,038 sqft
2018-05-01 40 days 2,040 sqft
2018-06-01 41 days 2,027 sqft
2018-07-01 43 days 2,010 sqft
2018-08-01 45 days 1,996 sqft
2018-09-01 46 days 1,976 sqft
2018-10-01 46 days 1,956 sqft
2018-11-01 48 days 1,945 sqft
2018-12-01 58 days 1,922 sqft
2019-01-01 64 days 1,932 sqft
2019-02-01 54 days 1,941 sqft
2019-03-01 50 days 1,957 sqft
2019-04-01 51 days 1,971 sqft
2019-05-01 50 days 1,988 sqft
2019-06-01 52 days 1,995 sqft
2019-07-01 53 days 1,995 sqft
2019-08-01 53 days 1,982 sqft
2019-09-01 54 days 1,965 sqft
2019-10-01 55 days 1,953 sqft
2019-11-01 57 days 1,950 sqft
2019-12-01 66 days 1,943 sqft
2020-01-01 70 days 1,952 sqft
2020-02-01 62 days 1,967 sqft
2020-03-01 52 days 1,973 sqft
2020-04-01 58 days 1,929 sqft
2020-05-01 69 days 1,949 sqft
2020-06-01 67 days 1,968 sqft
2020-07-01 57 days 1,996 sqft
2020-08-01 47 days 1,997 sqft
2020-09-01 44 days 1,980 sqft
2020-10-01 44 days 1,974 sqft
2020-11-01 48 days 1,964 sqft
2020-12-01 57 days 1,956 sqft
2021-01-01 57 days 1,917 sqft
2021-02-01 43 days 1,889 sqft
2021-03-01 35 days 1,906 sqft
2021-04-01 33 days 1,883 sqft
2021-05-01 30 days 1,883 sqft
2021-06-01 31 days 1,864 sqft
2021-07-01 31 days 1,867 sqft
2021-08-01 33 days 1,872 sqft
2021-09-01 36 days 1,872 sqft
2021-10-01 36 days 1,888 sqft
2021-11-01 40 days 1,899 sqft
2021-12-01 45 days 1,893 sqft
2022-01-01 44 days 1,867 sqft
2022-02-01 31 days 1,853 sqft
2022-03-01 30 days 1,854 sqft
2022-04-01 28 days 1,880 sqft
2022-05-01 28 days 1,894 sqft
2022-06-01 32 days 1,897 sqft
2022-07-01 36 days 1,872 sqft
2022-08-01 44 days 1,864 sqft
2022-09-01 50 days 1,860 sqft
2022-10-01 53 days 1,857 sqft
2022-11-01 57 days 1,849 sqft
2022-12-01 66 days 1,844 sqft
2023-01-01 73 days 1,850 sqft
2023-02-01 65 days 1,842 sqft
2023-03-01 54 days 1,823 sqft
2023-04-01 51 days 1,831 sqft
2023-05-01 46 days 1,843 sqft
2023-06-01 44 days 1,834 sqft
2023-07-01 45 days 1,836 sqft
2023-08-01 47 days 1,812 sqft
2023-09-01 49 days 1,800 sqft
2023-10-01 49 days 1,815 sqft
2023-11-01 51 days 1,829 sqft
2023-12-01 59 days 1,814 sqft
Riverside's median listing age (time on market) for 2023-12-01 was 59 days. This is -11% shorter than the same period one year ago.

Riverside's median square footage for active listings during the 2023-12-01 period was 1,814 sqft. One year prior, the average listing was 1,844 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).