Sacramento FHA Loan Rates, Closing Costs & Stats

SACRAMENTO-ROSEVILLE-FOLSOM, 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.

    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 6.28% for the week of 2024-12-13, compared to the national average (all FHA variants) of 6.277% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.35% and one month ago for the week of 2024-11-08, the average rate was 6.22%.

    The average rate one year ago was 6.53%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.48%.

    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%) $1,004,800 (-0.9%) 1.53 3,698
    2024-07-01 $649,500 (-3.9%) $979,135 (-7.0%) 1.48 4,131
    2024-08-01 $640,000 (-4.8%) $962,923 (-6.8%) 1.49 4,283
    2024-09-01 $635,000 (-2.3%) $948,519 (-6.0%) 1.49 4,399
    2024-10-01 $627,250 (-3.4%) $931,020 (-6.0%) 1.48 4,382
    2024-11-01 $615,000 (-2.7%) $890,484 (-9.8%) 1.48 4,138
    Sacramento's median listing price for 2024-11-01 was $615,000, a difference of $-17,000 (-2.7%) versus the prior year and $-12,250 versus the prior month.

    Sacramento's median listing price comes in at 148% of the national average.

    Sacramento's average listing price for 2024-11-01 was $890,484, a difference of $-97,084 (-9.8%) versus the prior year and $-40,536 versus the prior month.

    For the 2024-11-01 period, Sacramento had 4,138 MLS listings, a difference of -244 listings (-6%) versus the prior month and 1,169 listings (39%) 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
    2024-07-01 40 days 1,886 sqft
    2024-08-01 44 days 1,872 sqft
    2024-09-01 44 days 1,847 sqft
    2024-10-01 47 days 1,831 sqft
    2024-11-01 51 days 1,812 sqft
    Sacramento's median listing age (time on market) for 2024-11-01 was 51 days. This is 15% longer than the same period one year ago.

    Sacramento's median square footage for active listings during the 2024-11-01 period was 1,812 sqft. One year prior, the average listing was 1,870 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).