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 162 lenders originated 3,864 FHA loans during 2023. The total origination value was $1,732,470,000, with an average FHA loan value of $448,362.

Sacramento FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Sacramento averaged 6.73% for the week of 2024-07-05, compared to the national average (all FHA variants) of 6.724% for the same period.

Sacramento's average FHA mortgage closing costs are $11,763.

The average rate for the prior week (2024-06-28) was 6.39% and one month ago for the week of 2024-05-31, the average rate was 6.68%.

The average rate one year ago was 6.45%.

For refis of the same type during the week of 2024-07-05, the average rate was 6.92%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 907 6.16% $17,232
QUICKEN LOANS, LLC 374 6.12% $16,531
AMERICAN PACIFIC MORTGAGE CORPORATION 158 6.55% $18,440
GUILD MORTGAGE COMPANY 132 6.53% $19,371
LOANDEPOT.COM, LLC 122 5.99% $19,894
Sierra Pacific Mortgage Company, Inc. 109 6.49% $19,459
EAGLE HOME MORTGAGE, LLC 87 5.55% $19,405
CROSSCOUNTRY MORTGAGE, LLC 86 6.13% $18,842
Paramount Residential Mortgage Group, Inc. 66 6.47% $16,883
Century Mortgage Company DBA Century Lending Company 57 6.40% $17,200
MOVEMENT MORTGAGE, LLC 52 6.48% $22,001
DHI MORTGAGE COMPANY, LTD. 51 5.88% $13,189
SUMMIT FUNDING, INC. 47 6.63% $20,003
PENNYMAC LOAN SERVICES, LLC 43 6.18% $19,207
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 42 5.31% $18,017
HOMEAMERICAN MORTGAGE CORPORATION 41 5.72% $13,265
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 41 6.63% $21,224
NEWREZ LLC 36 6.18% $16,885
BROKER SOLUTIONS, INC. 36 6.46% $17,820
SUN WEST MORTGAGE COMPANY, INC. 34 6.33% $17,780
CARDINAL FINANCIAL 32 6.14% $19,842
FREEDOM MORTGAGE CORPORATION 28 6.65% $21,289
KBHS HOME LOANS, LLC 25 6.15% $22,933
S1L, Inc. 25 6.36% $19,313
Carrington Mortgage Services, LLC 24 6.30% $17,803
GUARANTEED RATE, INC. 22 6.28% $15,133
PLAZA HOME MORTGAGE, INC. 22 6.68% $17,556
PREMIER MORTGAGE RESOURCES, L.L.C. 22 6.55% $18,819
ARK-LA-TEX FINANCIAL SERVICES, LLC. 21 6.39% $18,860
Flagstar Bank, FSB 19 6.24% $14,976
South Pacific Financial Corporation 18 6.40% $16,759
AMERICAN FINANCIAL NETWORK, INC. 18 6.58% $19,219
NATIONS DIRECT MORTGAGE, LLC 17 6.38% $19,143
LAND HOME FINANCIAL SERVICES, INC. 17 6.83% $17,065
GUARANTEED RATE AFFINITY, LLC 16 6.39% $16,722
CMG MORTGAGE, INC. 16 6.24% $17,262
Mr. Cooper ( Nationstar Mortgage ) 16 6.08% $21,301
PACIFIC RESIDENTIAL MORTGAGE, LLC 15 6.37% $16,915
U.S. Bank 15 6.07% $22,673
OCMBC, INC. 14 6.75% $16,127
MORTGAGE SOLUTIONS OF COLORADO, LLC 14 6.72% $15,882
LOANPAL, LLC 13 5.88% $16,496
EVERETT FINANCIAL, INC. 13 7.29% $18,115
MUTUAL OF OMAHA MORTGAGE, INC. 13 6.44% $16,077
AMERISAVE MORTGAGE CORPORATION 13 6.32% $19,129
CALCON MUTUAL MORTGAGE LLC 12 6.45% $25,143
RESIDENTIAL BANCORP 12 6.80% $17,699
MOUNTAIN WEST FINANCIAL, INC. 12 6.28% $19,041
MASON MCDUFFIE MORTGAGE CORPORATION 12 6.55% $15,512
Equity Prime Mortgage LLC 12 6.78% $18,518
PLANET HOME LENDING, LLC 12 6.11% $13,423
PRIMELENDING, A PLAINSCAPITAL COMPANY 11 6.65% $20,678
Plains Commerce Bank 11 6.45% $12,936
TJC Mortgage, Inc. 10 6.65% $18,051
JPMorgan Chase Bank 10 6.20% $14,137
THE GOLDEN 1 10 6.35% $15,659
INTERNATIONAL CITY MORTGAGE, INC. 9 6.25% $13,802
HOMEBRIDGE FINANCIAL SERVICES, INC. 9 6.40% $14,753
BAY EQUITY LLC 9 6.60% $16,816
LAKEVIEW LOAN SERVICING, LLC 8 6.02% $16,118
CITY FIRST MORTGAGE SERVICES, L.L.C. 8 6.37% $18,395
Franklin Loan Corporation 8 6.11% $22,427
LADERA LENDING, INC. 8 6.42% $17,319
NFM, INC. 8 6.06% $19,278
ENVOY MORTGAGE, LTD 7 6.68% $18,070
Commerce Home Mortgage, Inc. 7 7.00% $14,496
ACADEMY MORTGAGE CORPORATION 7 5.80% $16,027
CANOPY MORTGAGE, LLC 6 7.10% $18,056
Ameris Bank 6 6.50% $11,783
MICHIGAN MUTUAL, INC. 6 6.35% $19,035
Golden Empire Mortgage, Inc. 6 6.60% $19,729
PRIMARY RESIDENTIAL MORTGAGE, INC. 6 6.63% $21,653
VILLAGE CAPITAL MORTGAGE 6 6.11% $14,606
PULTE MORTGAGE LLC 6 6.81% $12,571
ALAMEDA MORTGAGE CORPORATION 6 6.71% $16,778
AXIA FINANCIAL, LLC 6 6.46% $17,241
FBC MORTGAGE, LLC 5 5.57% $14,780
HOMEOWNERS FINANCIAL GROUP USA, LLC 5 6.50% $20,447
JMAC LENDING, INC. 5 6.73% $14,585
INSPIRE HOME LOANS INC. 5 5.78% $22,284
AMERICAN FINANCIAL RESOURCES, INC. 5 6.80% $15,957
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 5 6.33% $19,296
GENEVA FINANCIAL, LLC 4 6.84% $16,388
AmeriHome Mortgage Company, LLC 4 6.41% $16,592
ALLIED MORTGAGE GROUP, INC. 4 6.53% $20,319
NETWORK CAPITAL FUNDING CORPORATION 4 5.97% $17,291
ZILLOW HOME LOANS, LLC 4 5.97% $16,734
CHURCHILL MORTGAGE CORPORATION 4 6.75% $16,633
PANORAMA MORTGAGE GROUP, LLC 4 6.63% $26,642
TOP FLITE FINANCIAL, INC. 3 6.75% $21,029
Hometown Equity Mortgage, LLC 3 6.08% $16,192
Vellum Mortgage, Inc. 3 6.54% $13,677
VERITAS FUNDING, LLC 3 5.79% $21,146
Florida Capital Bank 3 6.00% $18,399
AMERICAN FINANCING CORPORATION 3 6.38% $15,967
Nations Lending Corporation 3 7.04% $13,866
EMM LOANS LLC 3 5.42% $11,899
DATA MORTGAGE, INC. 3 6.67% $17,260
CORNERSTONE HOME LENDING, INC. 3 6.33% $19,481
Prosperity Home Mortgage, LLC 3 6.67% $15,602
American Mortgage & Equity Consultants, Inc. 3 6.92% $15,562
Performance Financial, Inc. 2 6.00% $14,616
MID AMERICA MORTGAGE, INC. 2 7.06% $7,294
Fremont Bank 2 6.37% $14,006
DIGNIFIED HOME LOANS, LLC 2 5.88% $19,267
SCHOOLSFIRST 2 6.88% $13,262
OPEN MORTGAGE, LLC 2 6.13% $17,484
The Loan Store, Inc. 2 6.88% $13,261
SCENIC OAKS FUNDING, INC. 2 7.38% $28,403
Wells Fargo Bank 2 6.88% $14,705
NBKC BANK 2 6.38% $16,357
ONY GLO, INC. 2 6.75% $12,491
Neighborhood Loans, Inc. 2 6.81% $17,637
Mortgage Research Center, LLC 2 7.37% $14,782
Cornerstone First Mortgage, Inc 2 7.44% $25,204
Lakeview Community Capital, LLC 2 5.75% $19,703
BECKAM FUNDING CORP. 2 7.12% $22,721
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 2 7.56% $21,780
GUARANTY HOME MORTGAGE CORPORATION 1 6.63% $12,812
INTELLILOAN, INC. 1 5.25% $18,000
INTERCAP LENDING INC. 1 6.63% $21,419
INTERCOASTAL MORTGAGE COMPANY 1 6.38% $29,292
JET DIRECT FUNDING CORP 1 6.63% $18,345
Flanagan State Bank 1 6.25% $18,443
FIRST COMMUNITY MORTGAGE, INC. 1 7.63% $12,578
LOANLEADERS OF AMERICA, INC. 1 7.63% $11,849
Magnolia Bank 1 5.75% $13,636
DRAPER AND KRAMER MORTGAGE CORP. 1 6.63% $15,570
MLD MORTGAGE INC. 1 7.13% $22,267
MORTGAGE ACCESS CORP. 1 7.25% $18,135
MORTGAGE EQUITY PARTNERS LLC 1 6.75% $10,314
MORTGAGEONE, INC. 1 6.88% $23,662
DIRECTORS MORTGAGE, INC. 1 6.25% $20,075
Constant Investments, Inc. 1 6.25% $17,000
NEW DAY FINANCIAL, LLC 1 7.00% $5,688
NEW WAVE LENDING GROUP INC 1 6.13% $14,063
NexBank 1 5.50% $26,221
NOVA FINANCIAL & INVESTMENT CORPORATION 1 7.25% $10,579
Citizens Bank 1 6.25% $16,968
ONE NEVADA CREDIT UNION 1 5.50% $17,482
Chickasaw Community Bank 1 6.63% $15,412
CHERRY CREEK MORTGAGE, LLC 1 4.75% $7,097
PENTAGON FEDERAL CREDIT UNION 1 6.38% $14,004
CASTLE & COOKE MORTGAGE, LLC 1 6.75% $12,266
Platinum Home Mortgage Corporation 1 6.25% $16,459
CALIBER HOME LOANS, INC. 1 6.00% $17,178
Barrington Bank & Trust Company, N.A. 1 7.25% $15,330
Bank of England 1 6.25% $23,130
Bank of America 1 6.88% $11,232
SECURITYNATIONAL MORTGAGE COMPANY 1 6.25% $26,117
SNAPFI, INC. 1 7.75% $11,204
SOVEREIGN LENDING GROUP INCORPORATED 1 5.25% $19,350
ST FIN CORP 1 5.75% $20,368
The Federal Savings Bank 1 6.50% $14,098
TRAVIS CREDIT UNION 1 6.75% $14,850
TruHome Solutions, LLC 1 5.63% $12,431
UNION HOME MORTGAGE CORP. 1 7.13% $20,411
University Bank 1 6.25% $14,568
V.I.P. MORTGAGE, INC. 1 6.13% $26,225
VISION ONE MORTGAGE, INC. 1 7.25% $12,745
WALL FINANCIAL, INC. 1 6.25% $26,294
GEO-CORP, INC. 1 8.25% $23,675

The top Sacramento FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 907 FHA loans originated. Their average total fees are $17,232, which is $701 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Sacramento FHA lenders (with over 10 loans originated) are Plains Commerce Bank ($12,936), DHI MORTGAGE COMPANY, LTD. ($13,189), HOMEAMERICAN MORTGAGE CORPORATION ($13,265), PLANET HOME LENDING, LLC ($13,423) and JPMorgan Chase Bank ($14,137).

The lowest rate Sacramento FHA lenders (with over 10 loans originated) are K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. (5.31%), EAGLE HOME MORTGAGE, LLC (5.55%), HOMEAMERICAN MORTGAGE CORPORATION (5.72%), DHI MORTGAGE COMPANY, LTD. (5.88%) and LOANPAL, LLC (5.88%).

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
SACRAMENTO-ROSEVILLE-FOLSOM, CA EL DORADO 2023 $763,600 $977,550 $1,181,650 $1,468,500
SACRAMENTO-ROSEVILLE-FOLSOM, CA PLACER 2023 $763,600 $977,550 $1,181,650 $1,468,500
SACRAMENTO-ROSEVILLE-FOLSOM, CA SACRAMENTO 2023 $763,600 $977,550 $1,181,650 $1,468,500
SACRAMENTO-ROSEVILLE-FOLSOM, CA YOLO 2023 $763,600 $977,550 $1,181,650 $1,468,500

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 $445,315 (1.2%) $657,100 (-1.9%) 1.65 3,473
2018-02-01 $454,500 (1.0%) $663,764 (-2.8%) 1.65 3,642
2018-03-01 $466,950 (1.7%) $661,180 (-2.0%) 1.64 3,699
2018-04-01 $469,950 (0.2%) $667,141 (0.1%) 1.59 4,217
2018-05-01 $475,000 (0.5%) $661,071 (0.5%) 1.59 4,885
2018-06-01 $469,900 (-0.8%) $656,483 (-1.2%) 1.57 5,512
2018-07-01 $464,625 (1.0%) $657,327 (0.3%) 1.55 5,852
2018-08-01 $459,100 (2.0%) $646,651 (-0.5%) 1.54 6,209
2018-09-01 $449,970 (0.2%) $631,951 (-0.3%) 1.51 6,418
2018-10-01 $449,450 (2.3%) $629,643 (1.7%) 1.52 6,269
2018-11-01 $448,900 (2.0%) $623,807 (-0.2%) 1.52 5,926
2018-12-01 $449,250 (2.3%) $627,411 (-2.8%) 1.55 5,134
2019-01-01 $449,975 (1.1%) $639,743 (-2.6%) 1.55 4,391
2019-02-01 $462,039 (1.7%) $650,461 (-2.0%) 1.56 4,200
2019-03-01 $476,371 (2.0%) $660,331 (-0.1%) 1.56 4,274
2019-04-01 $487,000 (3.6%) $662,222 (-0.7%) 1.55 4,493
2019-05-01 $492,500 (3.7%) $661,563 (0.1%) 1.54 5,147
2019-06-01 $501,000 (6.6%) $684,248 (4.2%) 1.57 5,594
2019-07-01 $499,250 (7.5%) $678,634 (3.2%) 1.56 5,845
2019-08-01 $495,545 (7.9%) $677,441 (4.8%) 1.57 5,802
2019-09-01 $489,614 (8.8%) $675,637 (6.9%) 1.57 5,690
2019-10-01 $485,659 (8.1%) $676,087 (7.4%) 1.57 5,531
2019-11-01 $487,000 (8.5%) $684,707 (9.8%) 1.60 4,834
2019-12-01 $495,000 (10.2%) $763,837 (21.7%) 1.65 3,688
2020-01-01 $492,450 (9.4%) $706,204 (10.4%) 1.65 3,269
2020-02-01 $499,000 (8.0%) $711,476 (9.4%) 1.63 3,244
2020-03-01 $506,750 (6.4%) $691,843 (4.8%) 1.59 3,554
2020-04-01 $499,066 (2.5%) $676,655 (2.2%) 1.56 3,986
2020-05-01 $507,764 (3.1%) $694,863 (5.0%) 1.54 4,194
2020-06-01 $516,631 (3.1%) $702,905 (2.7%) 1.52 3,947
2020-07-01 $525,000 (5.2%) $719,968 (6.1%) 1.52 3,337
2020-08-01 $525,000 (5.9%) $754,722 (11.4%) 1.50 2,949
2020-09-01 $539,944 (10.3%) $842,120 (24.6%) 1.55 2,937
2020-10-01 $545,000 (12.2%) $808,671 (19.6%) 1.56 2,896
2020-11-01 $551,166 (13.2%) $850,312 (24.2%) 1.61 2,560
2020-12-01 $549,000 (10.9%) $886,866 (16.1%) 1.63 1,998
2021-01-01 $565,000 (14.7%) $960,500 (36.0%) 1.69 1,582
2021-02-01 $549,995 (10.2%) $949,386 (33.4%) 1.60 1,568
2021-03-01 $547,450 (8.0%) $907,130 (31.1%) 1.55 1,681
2021-04-01 $574,500 (15.1%) $932,013 (37.7%) 1.56 1,887
2021-05-01 $585,000 (15.2%) $890,788 (28.2%) 1.55 2,016
2021-06-01 $593,500 (14.9%) $868,575 (23.6%) 1.56 2,347
2021-07-01 $595,000 (13.3%) $858,998 (19.3%) 1.57 2,781
2021-08-01 $585,000 (11.4%) $859,295 (13.9%) 1.56 2,960
2021-09-01 $589,000 (9.1%) $860,115 (2.1%) 1.57 2,956
2021-10-01 $594,200 (9.0%) $872,687 (7.9%) 1.58 2,928
2021-11-01 $592,450 (7.5%) $907,471 (6.7%) 1.58 2,398
2021-12-01 $597,000 (8.7%) $926,201 (4.4%) 1.62 1,766
2022-01-01 $619,900 (9.7%) $944,041 (-1.7%) 1.68 1,475
2022-02-01 $628,250 (14.2%) $938,074 (-1.2%) 1.63 1,532
2022-03-01 $629,450 (15.0%) $902,169 (-0.6%) 1.58 1,767
2022-04-01 $649,000 (13.0%) $898,221 (-3.6%) 1.55 2,105
2022-05-01 $649,500 (11.0%) $906,068 (1.7%) 1.48 3,073
2022-06-01 $643,500 (8.4%) $885,829 (2.0%) 1.43 3,805
2022-07-01 $629,900 (5.9%) $886,138 (3.2%) 1.42 4,655
2022-08-01 $614,700 (5.1%) $913,346 (6.3%) 1.42 4,757
2022-09-01 $600,000 (1.9%) $855,094 (-0.6%) 1.40 4,476
2022-10-01 $599,000 (0.8%) $835,557 (-4.3%) 1.41 4,374
2022-11-01 $589,995 (-0.4%) $836,290 (-7.8%) 1.42 3,987
2022-12-01 $587,450 (-1.6%) $852,272 (-8.0%) 1.45 3,212
2023-01-01 $594,625 (-4.1%) $861,508 (-8.7%) 1.47 2,647
2023-02-01 $606,442 (-3.5%) $892,596 (-4.9%) 1.46 2,265
2023-03-01 $627,000 (-0.4%) $923,724 (2.4%) 1.48 2,024
2023-04-01 $660,000 (1.7%) $939,529 (4.6%) 1.53 1,943
2023-05-01 $662,875 (2.1%) $927,854 (2.4%) 1.50 2,234
2023-06-01 $679,322 (5.6%) $1,013,620 (14.4%) 1.53 2,535
2023-07-01 $675,993 (7.3%) $1,052,697 (18.8%) 1.54 2,789
2023-08-01 $672,473 (9.4%) $1,033,280 (13.1%) 1.54 2,885
2023-09-01 $650,000 (8.3%) $1,009,080 (18.0%) 1.51 2,952
2023-10-01 $649,000 (8.4%) $990,303 (18.5%) 1.53 3,063
2023-11-01 $632,000 (7.1%) $987,568 (18.1%) 1.50 2,969
2023-12-01 $625,000 (6.4%) $1,034,322 (21.4%) 1.52 2,585
2024-01-01 $629,995 (6.0%) $1,022,302 (18.7%) 1.54 2,131
2024-02-01 $633,034 (4.4%) $1,015,026 (13.7%) 1.52 2,103
2024-03-01 $635,000 (1.3%) $974,251 (5.5%) 1.49 2,365
2024-04-01 $649,750 (-1.6%) $956,427 (1.8%) 1.51 2,763
2024-05-01 $673,417 (1.6%) $991,893 (6.9%) 1.52 3,266
2024-06-01 $679,000 (-0.1%) $1,019,822 (0.6%) 1.53 3,698
Sacramento's median listing price for 2024-06-01 was $679,000, a difference of $-322 (-0.1%) versus the prior year and $5,583 versus the prior month.

Sacramento's median listing price comes in at 153% of the national average.

Sacramento's average listing price for 2024-06-01 was $1,019,822, a difference of $6,202 (0.6%) versus the prior year and $27,929 versus the prior month.

For the 2024-06-01 period, Sacramento had 3,698 MLS listings, a difference of 432 listings (13%) versus the prior month and 1,163 listings (46%) 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 52 days 1,836 sqft
2018-02-01 36 days 1,875 sqft
2018-03-01 33 days 1,889 sqft
2018-04-01 32 days 1,892 sqft
2018-05-01 30 days 1,900 sqft
2018-06-01 33 days 1,892 sqft
2018-07-01 37 days 1,870 sqft
2018-08-01 38 days 1,866 sqft
2018-09-01 41 days 1,838 sqft
2018-10-01 46 days 1,835 sqft
2018-11-01 50 days 1,843 sqft
2018-12-01 58 days 1,835 sqft
2019-01-01 63 days 1,839 sqft
2019-02-01 49 days 1,860 sqft
2019-03-01 41 days 1,898 sqft
2019-04-01 37 days 1,926 sqft
2019-05-01 35 days 1,939 sqft
2019-06-01 37 days 1,998 sqft
2019-07-01 43 days 1,977 sqft
2019-08-01 47 days 1,963 sqft
2019-09-01 52 days 1,938 sqft
2019-10-01 57 days 1,929 sqft
2019-11-01 61 days 1,924 sqft
2019-12-01 73 days 1,948 sqft
2020-01-01 68 days 1,921 sqft
2020-02-01 43 days 1,924 sqft
2020-03-01 41 days 1,946 sqft
2020-04-01 43 days 1,914 sqft
2020-05-01 49 days 1,950 sqft
2020-06-01 46 days 1,959 sqft
2020-07-01 50 days 1,939 sqft
2020-08-01 36 days 1,931 sqft
2020-09-01 35 days 1,925 sqft
2020-10-01 35 days 1,913 sqft
2020-11-01 38 days 1,903 sqft
2020-12-01 44 days 1,877 sqft
2021-01-01 48 days 1,892 sqft
2021-02-01 31 days 1,833 sqft
2021-03-01 26 days 1,795 sqft
2021-04-01 26 days 1,859 sqft
2021-05-01 27 days 1,833 sqft
2021-06-01 26 days 1,820 sqft
2021-07-01 28 days 1,808 sqft
2021-08-01 30 days 1,792 sqft
2021-09-01 33 days 1,791 sqft
2021-10-01 33 days 1,774 sqft
2021-11-01 37 days 1,757 sqft
2021-12-01 43 days 1,755 sqft
2022-01-01 40 days 1,797 sqft
2022-02-01 25 days 1,800 sqft
2022-03-01 24 days 1,815 sqft
2022-04-01 24 days 1,849 sqft
2022-05-01 24 days 1,847 sqft
2022-06-01 29 days 1,841 sqft
2022-07-01 32 days 1,829 sqft
2022-08-01 39 days 1,804 sqft
2022-09-01 45 days 1,822 sqft
2022-10-01 47 days 1,810 sqft
2022-11-01 51 days 1,807 sqft
2022-12-01 63 days 1,811 sqft
2023-01-01 67 days 1,827 sqft
2023-02-01 51 days 1,859 sqft
2023-03-01 43 days 1,905 sqft
2023-04-01 35 days 1,997 sqft
2023-05-01 31 days 1,981 sqft
2023-06-01 33 days 2,011 sqft
2023-07-01 36 days 1,992 sqft
2023-08-01 37 days 1,967 sqft
2023-09-01 37 days 1,931 sqft
2023-10-01 42 days 1,900 sqft
2023-11-01 45 days 1,870 sqft
2023-12-01 52 days 1,851 sqft
2024-01-01 55 days 1,883 sqft
2024-02-01 39 days 1,880 sqft
2024-03-01 36 days 1,876 sqft
2024-04-01 32 days 1,887 sqft
2024-05-01 29 days 1,939 sqft
2024-06-01 33 days 1,938 sqft
Sacramento's median listing age (time on market) for 2024-06-01 was 33 days. This is 2% longer than the same period one year ago.

Sacramento's median square footage for active listings during the 2024-06-01 period was 1,938 sqft. One year prior, the average listing was 2,011 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).