Sacramento FHA Loan Rates, Closing Costs & Stats

SACRAMENTO-ROSEVILLE-FOLSOM, 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.

Sacramento's 212 lenders originated 10,023 FHA loans during 2021. The total origination value was $3,768,275,000, with an average FHA loan value of $375,963.

Sacramento FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Sacramento averaged 6.14% for the week of 2022-12-02, compared to the national average (all FHA variants) of 6.466% for the same period.

Sacramento's average FHA mortgage closing costs are $10,673.

The average rate for the prior week (2022-11-25) was 6.46% and one month ago for the week of 2022-10-28, the average rate was 6.9%.

The average rate one year ago was 3.13%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.04%.

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

Sacramento 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 Sacramento level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 856 2.64% $11,439
QUICKEN LOANS, LLC 594 2.60% $9,226
FREEDOM MORTGAGE CORPORATION 443 2.69% $7,941
AMERICAN PACIFIC MORTGAGE CORPORATION 371 3.03% $12,526
GUILD MORTGAGE COMPANY 324 2.99% $13,191
FINANCE OF AMERICA MORTGAGE LLC 294 3.01% $12,723
CALIBER HOME LOANS, INC. 276 2.76% $10,634
LAKEVIEW LOAN SERVICING, LLC 275 2.80% $6,764
HOME POINT FINANCIAL CORPORATION 250 2.73% $10,900
LOANDEPOT.COM, LLC 208 3.01% $13,124
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 166 3.35% $14,289
PENNYMAC LOAN SERVICES, LLC 152 2.89% $7,717
Mr. Cooper ( Nationstar Mortgage ) 147 3.07% $6,686
Commerce Home Mortgage, Inc. 143 3.01% $13,731
Carrington Mortgage Services, LLC 131 3.33% $12,144
MOVEMENT MORTGAGE, LLC 130 3.15% $12,521
SUMMIT FUNDING, INC. 129 3.14% $13,961
HOMEBRIDGE FINANCIAL SERVICES, INC. 123 2.74% $9,736
Equity Prime Mortgage LLC 113 3.13% $11,891
Sierra Pacific Mortgage Company, Inc. 107 2.95% $12,587
NEWREZ LLC 103 2.86% $8,562
Paramount Residential Mortgage Group, Inc. 103 3.15% $12,401
Lakeview Community Capital, LLC 96 2.79% $6,620
MOUNTAIN WEST FINANCIAL, INC. 93 3.29% $14,148
VILLAGE CAPITAL MORTGAGE 92 2.58% $4,013
CROSSCOUNTRY MORTGAGE, LLC 82 3.08% $14,384
LOANPAL, LLC 76 2.98% $12,498
AMERICAN FINANCIAL NETWORK, INC. 73 3.15% $15,707
BROKER SOLUTIONS, INC. 58 2.92% $11,760
NATIONS DIRECT MORTGAGE, LLC 58 2.94% $11,663
Hometown Lenders, Inc. 57 2.97% $13,179
ROUNDPOINT MORTGAGE SERVICING CORPORATION 56 3.38% $12,497
SUN WEST MORTGAGE COMPANY, INC. 54 2.90% $10,507
CMG MORTGAGE, INC. 53 3.21% $14,569
PREMIER MORTGAGE RESOURCES, L.L.C. 51 3.04% $13,053
FBC MORTGAGE, LLC 51 2.94% $12,013
KBHS HOME LOANS, LLC 50 2.95% $15,335
EAGLE HOME MORTGAGE, LLC 49 3.07% $15,882
Flagstar Bank, FSB 44 2.73% $11,370
S1L, Inc. 44 3.23% $13,355
South Pacific Financial Corporation 43 2.79% $15,382
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 37 3.44% $12,572
DATA MORTGAGE, INC. 36 3.48% $12,356
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 35 2.92% $12,413
LAND HOME FINANCIAL SERVICES, INC. 34 3.19% $14,174
Hometown Equity Mortgage, LLC 34 3.26% $14,608
LENDUS, LLC 32 2.71% $11,823
ENVOY MORTGAGE, LTD 32 3.18% $12,303
First Guaranty Mortgage Corporation 32 2.68% $8,387
DHI MORTGAGE COMPANY, LTD. 32 2.79% $11,760
GUARANTEED RATE, INC. 30 2.92% $12,199
Amerifirst Financial, Inc. 28 3.18% $12,712
PRIMELENDING, A PLAINSCAPITAL COMPANY 28 3.28% $13,431
PLANET HOME LENDING, LLC 27 2.78% $10,180
OCMBC, INC. 26 2.96% $11,525
GUARANTEED RATE AFFINITY, LLC 23 2.79% $10,778
AMERISAVE MORTGAGE CORPORATION 23 2.82% $11,574
MASON MCDUFFIE MORTGAGE CORPORATION 23 2.76% $11,436
InterContinental Capital Group, Inc 22 2.61% $8,873
MID AMERICA MORTGAGE, INC. 19 2.99% $5,085
TRAVIS CREDIT UNION 19 2.64% $10,357
U.S. Bank 17 2.85% $11,741
PRIMARY RESIDENTIAL MORTGAGE, INC. 17 3.37% $14,385
AmeriHome Mortgage Company, LLC 17 2.77% $6,687
The Federal Savings Bank 16 2.61% $14,440
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 15 2.90% $15,496
Nations Lending Corporation 15 3.06% $13,772
ALAMEDA MORTGAGE CORPORATION 14 3.15% $13,200
WESTERN EXPRESS LENDING 13 2.46% $9,647
BECKAM FUNDING CORP. 13 3.69% $19,343
CELEBRITY HOME LOANS, LLC 12 3.17% $12,077
HOMEOWNERS FINANCIAL GROUP USA, LLC 12 3.33% $15,260
ARK-LA-TEX FINANCIAL SERVICES, LLC. 12 2.69% $12,759
STEARNS LENDING, LLC 12 2.83% $10,099
SOVEREIGN LENDING GROUP INCORPORATED 11 2.83% $12,262
PLAZA HOME MORTGAGE, INC. 11 3.01% $9,461
Plains Commerce Bank 11 2.66% $12,183
HOMEAMERICAN MORTGAGE CORPORATION 11 2.88% $8,827
MUTUAL OF OMAHA MORTGAGE, INC. 11 2.79% $12,926
EVERETT FINANCIAL, INC. 10 3.38% $9,915
MEGA CAPITAL FUNDING, INC. 10 2.76% $11,273
ACADEMY MORTGAGE CORPORATION 9 3.18% $13,184
JPMorgan Chase Bank 9 2.97% $8,976
INTERNATIONAL CITY MORTGAGE, INC. 9 3.33% $14,716
CANOPY MORTGAGE, LLC 9 2.85% $13,543
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 9 2.69% $10,169
GENEVA FINANCIAL, LLC 9 3.15% $10,306
AMCAP MORTGAGE, LTD. 9 3.18% $11,910
TJC Mortgage, Inc. 9 2.82% $12,518
BAY EQUITY LLC 9 2.83% $13,065
INSPIRE HOME LOANS INC. 9 3.51% $15,040
LOANLEADERS OF AMERICA, INC. 8 2.86% $10,108
Golden Empire Mortgage, Inc. 8 3.00% $13,235
First Bank 8 2.55% $11,670
Umpqua Bank 8 2.80% $11,463
Bank of America 7 2.70% $8,236
CALCON MUTUAL MORTGAGE LLC 6 3.25% $14,538
Platinum Home Mortgage Corporation 6 3.25% $14,142
RESIDENTIAL BANCORP. 6 3.16% $9,330
Home Mortgage Alliance Corp 6 2.71% $12,417
THE GOLDEN 1 6 3.15% $11,006
TOP FLITE FINANCIAL, INC. 6 3.48% $21,507
JMAC LENDING, INC. 5 2.78% $11,605
Mortgage Research Center, LLC 5 3.00% $8,869
AMERICAN FINANCIAL RESOURCES, INC. 5 2.90% $9,400
SNAPFI, INC. 5 2.90% $9,352
MORIA DEVELOPMENT, INC. 5 3.23% $13,839
CHURCHILL MORTGAGE CORPORATION 5 3.03% $11,139
CORNERSTONE HOME LENDING, INC. 5 2.95% $15,283
Sunflower Bank 5 3.17% $14,934
AMERICAN FINANCING CORPORATION 5 2.95% $10,331
UNITED SECURITY FINANCIAL CORP 5 2.98% $10,391
PREMIER LENDING, INC. 5 3.18% $11,744
VERITAS FUNDING, LLC 5 2.97% $13,674
HOMESIDE FINANCIAL, LLC 4 2.59% $10,470
DIGNIFIED HOME LOANS, LLC 4 2.81% $9,277
United Fidelity Funding Corp. 4 2.96% $9,565
Ameris Bank 4 2.72% $10,188
Citizens Bank 4 3.00% $10,827
ARC HOME LLC 4 2.78% $9,347
UNITED MORTGAGE CORP. 4 2.91% $13,672
SCENIC OAKS FUNDING, INC. 4 2.78% $11,373
BEST CAPITAL FUNDING 4 2.88% $12,766
PARKSIDE LENDING, LLC 4 2.78% $9,112
ONY GLO, INC. 3 2.71% $11,193
OPEN MORTGAGE, LLC 3 2.50% $10,161
MICHIGAN MUTUAL, INC. 3 3.17% $18,244
BKCO MORTGAGE, LLC 3 2.71% $10,168
CALCULATED RISK ANALYTICS LLC 3 2.88% $9,610
KELLER MORTGAGE, LLC 3 2.67% $11,435
ZILLOW HOME LOANS, LLC 3 2.54% $9,402
MUFG Union Bank 3 2.33% $10,442
CLEARPATH LENDING 3 2.75% $5,665
Strong Home Mortgage, LLC 3 2.38% $8,368
Bank of England 3 3.42% $14,143
DIRECT MORTGAGE, CORP. 3 2.50% $15,159
Prime Choice Funding Inc. 3 2.83% $12,241
Franklin Loan Corporation 3 3.25% $12,287
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 3.25% $10,671
Banner Bank 2 2.88% $10,549
Barrington Bank & Trust Company, N.A. 2 2.88% $10,348
CAMPOS FINANCIAL CORP. 2 2.94% $20,520
CHERRY CREEK MORTGAGE, LLC 2 2.81% $8,277
Chickasaw Community Bank 2 2.38% $8,317
COASTAL FUNDING SLC, INC. 2 2.81% $12,806
COUNTRY CLUB MORTGAGE, INC. 2 2.63% $9,997
COUNTRYPLACE MORTGAGE, LTD. 2 3.75% $11,664
EMBRACE HOME LOANS, INC. 2 2.50% $7,117
GSF Mortgage Corporation 2 3.00% $10,651
HighTechLending Inc 2 3.31% $11,908
HOME APPROVALS DIRECT, INC. 2 3.06% $12,883
INTERCAP LENDING INC. 2 3.31% $11,655
LADERA LENDING, INC. 2 2.75% $9,368
LEADERONE FINANCIAL CORPORATION 2 3.44% $8,104
MORTGAGE MANAGEMENT CONSULTANTS, INC. 2 2.50% $11,390
ABSOLUTE HOME MORTGAGE CORPORATION 2 3.19% $8,824
M&T Bank 2 2.50% $10,131
NETWORK CAPITAL FUNDING CORPORATION 2 3.81% $12,283
NEXERA HOLDING LLC 2 3.06% $9,456
NFM, INC. 2 3.06% $12,270
Northpointe Bank 2 2.94% $10,623
NP, Inc. 2 2.63% $16,900
PACIFIC RESIDENTIAL MORTGAGE, LLC 2 3.19% $11,344
Prosperity Home Mortgage, LLC 2 3.75% $14,118
RANLIFE, INC. 2 2.94% $14,050
RELIANCE FIRST CAPITAL, LLC 2 3.06% $14,695
Residential Mortgage Solutions, Inc. 2 2.38% $8,814
Wyndham Capital Mortgage, Inc. 2 3.06% $7,130
NATIONWIDE MORTGAGE BANKERS, INC. 1 3.13% $8,597
NATIONS RELIABLE LENDING, LLC 1 3.75% $30,796
PRIMUS LENDING CORP. 1 3.25% $14,313
Wells Fargo Bank 1 3.13% $10,718
ML Mortgage Corp. 1 2.88% $10,030
AMERIFIRST FINANCIAL CORPORATION 1 3.25% $11,540
Willamette Valley Bank 1 3.25% $11,259
Magnolia Bank 1 2.75% $17,901
AHL FUNDING 1 2.88% $9,553
RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 2.63% $12,759
RMS & Associates 1 2.63% $11,459
Low VA Rates, LLC 1 2.88% $4,863
Loan Simple, Inc. 1 2.88% $10,020
LHM FINANCIAL CORPORATION 1 2.88% $10,417
LENOX FINANCIAL MORTGAGE CORPORATION 1 2.63% $10,787
LENDING 3, INC. 1 3.50% $4,984
KINGS MORTGAGE SERVICES, INC. 1 2.25% $9,042
JMJ FINANCIAL GROUP 1 2.75% $10,562
JET DIRECT FUNDING CORP 1 3.00% $14,196
INTELLILOAN, INC. 1 2.75% $4,750
HomePromise Corporation 1 2.88% $12,937
HAMILTON HOME LOANS, INC. 1 3.25% $6,527
GoPrime Mortgage, Inc. 1 3.50% $7,867
T2 FINANCIAL LLC 1 5.75% $14,008
First Western Trust Bank 1 2.75% $11,054
First Savings Bank 1 3.25% $17,192
The Huntington National Bank 1 3.00% $14,715
First Home Bank 1 3.25% $9,571
FIRST CENTENNIAL MORTGAGE CORPORATION 1 2.50% $11,132
Encompass Lending Group, LP 1 3.38% $11,601
DAS Acquisition Company, LLC 1 3.25% $13,842
Colten Mortgage, LLC 1 2.63% $7,068
Century Mortgage Company DBA Century Lending Company 1 2.88% $12,763
BETTER MORTGAGE CORPORATION 1 3.00% $17,512
BAYSHORE MORTGAGE FUNDING, LLC 1 3.25% $7,071
Axos Bank 1 3.00% $9,586
AXIA FINANCIAL, LLC 1 3.50% $13,358
Austin Capital Bank SSB 1 3.75% $10,343
Watermark Capital, Inc. 1 2.38% $10,509
Peoples Bank 1 2.88% $13,747
PANORAMA MORTGAGE GROUP, LLC 1 4.25% $11,017
OCEANSIDE MORTGAGE COMPANY 1 2.75% $2,986
NOVA FINANCIAL & INVESTMENT CORPORATION 1 3.00% $6,861
NBKC BANK 1 2.63% $8,889

The top Sacramento FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 856 FHA loans originated. Their average total fees are $11,439, which is $2,213 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Sacramento FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($4,013), MID AMERICA MORTGAGE, INC. ($5,085), Lakeview Community Capital, LLC ($6,620), Mr. Cooper ( Nationstar Mortgage ) ($6,686) and AmeriHome Mortgage Company, LLC ($6,687).

The lowest rate Sacramento FHA lenders (with over 10 loans originated) are WESTERN EXPRESS LENDING (2.46%), VILLAGE CAPITAL MORTGAGE (2.58%), QUICKEN LOANS, LLC (2.60%), InterContinental Capital Group, Inc (2.61%) and The Federal Savings Bank (2.61%).

Sacramento FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
SACRAMENTO-ROSEVILLE-FOLSOM, CA EL DORADO 2022 $675,050 $864,200 $1,044,600 $1,298,200
SACRAMENTO-ROSEVILLE-FOLSOM, CA PLACER 2022 $675,050 $864,200 $1,044,600 $1,298,200
SACRAMENTO-ROSEVILLE-FOLSOM, CA SACRAMENTO 2022 $675,050 $864,200 $1,044,600 $1,298,200
SACRAMENTO-ROSEVILLE-FOLSOM, CA YOLO 2022 $675,050 $864,200 $1,044,600 $1,298,200

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Sacramento (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 $445,815 (1.4%) $657,250 (-1.8%) 1.65 3,469
2018-02-01 $454,500 (1.0%) $663,932 (-2.7%) 1.65 3,638
2018-03-01 $467,000 (1.7%) $661,320 (-1.9%) 1.64 3,695
2018-04-01 $469,950 (0.2%) $667,353 (0.1%) 1.59 4,213
2018-05-01 $475,000 (0.5%) $661,435 (0.6%) 1.59 4,878
2018-06-01 $469,900 (-0.8%) $656,791 (-1.1%) 1.57 5,505
2018-07-01 $464,950 (1.1%) $657,896 (0.3%) 1.55 5,845
2018-08-01 $459,950 (2.2%) $647,257 (-0.4%) 1.54 6,199
2018-09-01 $449,999 (0.2%) $632,465 (-0.2%) 1.51 6,412
2018-10-01 $449,450 (2.3%) $629,974 (1.8%) 1.52 6,264
2018-11-01 $448,967 (2.1%) $624,065 (-0.1%) 1.52 5,922
2018-12-01 $449,500 (2.4%) $627,555 (-2.8%) 1.55 5,132
2019-01-01 $449,987 (0.9%) $639,829 (-2.7%) 1.55 4,389
2019-02-01 $462,079 (1.7%) $650,575 (-2.0%) 1.56 4,198
2019-03-01 $476,371 (2.0%) $660,452 (-0.1%) 1.56 4,272
2019-04-01 $487,000 (3.6%) $662,348 (-0.8%) 1.55 4,490
2019-05-01 $492,500 (3.7%) $661,582 (0.0%) 1.54 5,145
2019-06-01 $502,163 (6.9%) $684,835 (4.3%) 1.57 5,590
2019-07-01 $499,422 (7.4%) $679,547 (3.3%) 1.56 5,843
2019-08-01 $495,828 (7.8%) $678,404 (4.8%) 1.57 5,800
2019-09-01 $489,737 (8.8%) $676,598 (7.0%) 1.57 5,688
2019-10-01 $485,677 (8.1%) $677,043 (7.5%) 1.57 5,529
2019-11-01 $488,500 (8.8%) $685,764 (9.9%) 1.60 4,833
2019-12-01 $495,000 (10.1%) $764,176 (21.8%) 1.65 3,685
2020-01-01 $492,475 (9.4%) $706,407 (10.4%) 1.65 3,267
2020-02-01 $499,000 (8.0%) $711,691 (9.4%) 1.63 3,243
2020-03-01 $507,000 (6.4%) $691,934 (4.8%) 1.59 3,553
2020-04-01 $499,132 (2.5%) $676,746 (2.2%) 1.56 3,985
2020-05-01 $507,989 (3.1%) $695,034 (5.1%) 1.54 4,194
2020-06-01 $517,000 (3.0%) $703,092 (2.7%) 1.52 3,947
2020-07-01 $525,000 (5.1%) $720,367 (6.0%) 1.52 3,336
2020-08-01 $525,000 (5.9%) $754,697 (11.3%) 1.50 2,951
2020-09-01 $539,950 (10.3%) $842,337 (24.5%) 1.55 2,939
2020-10-01 $545,000 (12.2%) $808,631 (19.4%) 1.56 2,897
2020-11-01 $551,940 (13.0%) $850,301 (24.0%) 1.61 2,562
2020-12-01 $549,000 (10.9%) $886,782 (16.0%) 1.63 1,999
2021-01-01 $565,000 (14.7%) $960,117 (35.9%) 1.69 1,582
2021-02-01 $549,997 (10.2%) $949,176 (33.4%) 1.60 1,568
2021-03-01 $547,450 (8.0%) $906,802 (31.1%) 1.55 1,681
2021-04-01 $574,500 (15.1%) $931,821 (37.7%) 1.56 1,888
2021-05-01 $585,000 (15.2%) $890,706 (28.2%) 1.55 2,017
2021-06-01 $593,500 (14.8%) $868,725 (23.6%) 1.56 2,347
2021-07-01 $595,694 (13.5%) $859,516 (19.3%) 1.57 2,780
2021-08-01 $585,450 (11.5%) $859,441 (13.9%) 1.56 2,957
2021-09-01 $589,000 (9.1%) $860,043 (2.1%) 1.57 2,954
2021-10-01 $594,000 (9.0%) $872,745 (7.9%) 1.58 2,927
2021-11-01 $592,474 (7.3%) $907,382 (6.7%) 1.58 2,399
2021-12-01 $597,000 (8.7%) $926,057 (4.4%) 1.62 1,767
2022-01-01 $619,900 (9.7%) $943,888 (-1.7%) 1.68 1,477
2022-02-01 $628,250 (14.2%) $938,006 (-1.2%) 1.63 1,533
2022-03-01 $629,475 (15.0%) $902,237 (-0.5%) 1.58 1,767
2022-04-01 $649,000 (13.0%) $898,134 (-3.6%) 1.55 2,106
2022-05-01 $649,498 (11.0%) $905,885 (1.7%) 1.48 3,073
2022-06-01 $643,322 (8.4%) $885,673 (2.0%) 1.43 3,805
2022-07-01 $629,900 (5.7%) $885,948 (3.1%) 1.43 4,655
2022-08-01 $614,900 (5.0%) $913,365 (6.3%) 1.42 4,758
2022-09-01 $600,000 (1.9%) $855,131 (-0.6%) 1.40 4,477
2022-10-01 $599,000 (0.8%) $836,126 (-4.2%) 1.41 4,374
2022-11-01 $589,975 (-0.4%) $836,485 (-7.8%) 1.42 3,988
Sacramento's median listing price for 2022-11-01 was $589,975, a difference of $-2,499 (-0.4%) versus the prior year and $-9,025 versus the prior month.

Sacramento's median listing price comes in at 142% of the national average.

Sacramento's average listing price for 2022-11-01 was $836,485, a difference of $-70,897 (-7.8%) versus the prior year and $359 versus the prior month.

For the 2022-11-01 period, Sacramento had 3,988 MLS listings, a difference of -386 listings (-9%) versus the prior month and 1,589 listings (66%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Sacramento (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 54 days 1,836 sqft
2018-02-01 37 days 1,875 sqft
2018-03-01 35 days 1,889 sqft
2018-04-01 33 days 1,892 sqft
2018-05-01 31 days 1,901 sqft
2018-06-01 35 days 1,892 sqft
2018-07-01 37 days 1,870 sqft
2018-08-01 39 days 1,867 sqft
2018-09-01 42 days 1,838 sqft
2018-10-01 47 days 1,835 sqft
2018-11-01 51 days 1,843 sqft
2018-12-01 58 days 1,835 sqft
2019-01-01 64 days 1,839 sqft
2019-02-01 51 days 1,858 sqft
2019-03-01 42 days 1,898 sqft
2019-04-01 38 days 1,926 sqft
2019-05-01 36 days 1,938 sqft
2019-06-01 38 days 2,000 sqft
2019-07-01 44 days 1,977 sqft
2019-08-01 48 days 1,964 sqft
2019-09-01 53 days 1,939 sqft
2019-10-01 58 days 1,929 sqft
2019-11-01 64 days 1,924 sqft
2019-12-01 77 days 1,948 sqft
2020-01-01 70 days 1,921 sqft
2020-02-01 45 days 1,925 sqft
2020-03-01 43 days 1,946 sqft
2020-04-01 44 days 1,914 sqft
2020-05-01 51 days 1,950 sqft
2020-06-01 49 days 1,959 sqft
2020-07-01 52 days 1,940 sqft
2020-08-01 38 days 1,932 sqft
2020-09-01 36 days 1,925 sqft
2020-10-01 36 days 1,913 sqft
2020-11-01 39 days 1,903 sqft
2020-12-01 45 days 1,876 sqft
2021-01-01 49 days 1,890 sqft
2021-02-01 32 days 1,833 sqft
2021-03-01 27 days 1,796 sqft
2021-04-01 27 days 1,858 sqft
2021-05-01 28 days 1,833 sqft
2021-06-01 26 days 1,820 sqft
2021-07-01 28 days 1,808 sqft
2021-08-01 31 days 1,793 sqft
2021-09-01 33 days 1,791 sqft
2021-10-01 33 days 1,775 sqft
2021-11-01 37 days 1,757 sqft
2021-12-01 43 days 1,756 sqft
2022-01-01 41 days 1,799 sqft
2022-02-01 25 days 1,801 sqft
2022-03-01 25 days 1,814 sqft
2022-04-01 25 days 1,849 sqft
2022-05-01 24 days 1,847 sqft
2022-06-01 29 days 1,839 sqft
2022-07-01 32 days 1,829 sqft
2022-08-01 39 days 1,804 sqft
2022-09-01 45 days 1,820 sqft
2022-10-01 47 days 1,809 sqft
2022-11-01 51 days 1,806 sqft
Sacramento's median listing age (time on market) for 2022-11-01 was 51 days. This is 38% longer than the same period one year ago.

Sacramento's median square footage for active listings during the 2022-11-01 period was 1,806 sqft. One year prior, the average listing was 1,757 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).