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 186 lenders originated 5,531 FHA loans during 2022. The total origination value was $2,304,145,000, with an average FHA loan value of $416,587.

Sacramento FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Sacramento averaged 5.9% for the week of 2024-03-01, compared to the national average (all FHA variants) of 6.688% for the same period.

Sacramento's average FHA mortgage closing costs are $11,213.

The average rate for the prior week (2024-02-23) was 5.89% and one month ago for the week of 2024-01-26, the average rate was 5.78%.

The average rate one year ago was 6.11%.

For refis of the same type during the week of 2024-03-01, the average rate was 4.99%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 823 4.59% $14,406
QUICKEN LOANS, LLC 352 4.43% $14,691
HOME POINT FINANCIAL CORPORATION 219 4.27% $13,929
LOANDEPOT.COM, LLC 176 4.36% $15,680
AMERICAN PACIFIC MORTGAGE CORPORATION 162 4.62% $15,495
GUILD MORTGAGE COMPANY 151 4.86% $17,196
CALIBER HOME LOANS, INC. 123 4.53% $14,854
FINANCE OF AMERICA MORTGAGE LLC 112 4.60% $14,627
FREEDOM MORTGAGE CORPORATION 87 4.40% $14,582
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 85 4.94% $17,429
CROSSCOUNTRY MORTGAGE, LLC 83 5.02% $18,187
Sierra Pacific Mortgage Company, Inc. 78 5.04% $16,307
MOVEMENT MORTGAGE, LLC 70 5.15% $16,411
Paramount Residential Mortgage Group, Inc. 61 4.74% $16,953
Flagstar Bank, FSB 60 4.42% $13,594
EAGLE HOME MORTGAGE, LLC 56 4.59% $17,861
Mr. Cooper ( Nationstar Mortgage ) 55 4.16% $15,542
SUMMIT FUNDING, INC. 54 5.18% $17,570
DHI MORTGAGE COMPANY, LTD. 54 4.08% $13,301
LAKEVIEW LOAN SERVICING, LLC 52 3.76% $9,314
Carrington Mortgage Services, LLC 50 4.71% $16,679
PENNYMAC LOAN SERVICES, LLC 49 4.02% $12,746
Equity Prime Mortgage LLC 48 5.02% $14,944
PREMIER MORTGAGE RESOURCES, L.L.C. 46 5.04% $14,440
AMERISAVE MORTGAGE CORPORATION 39 4.36% $15,417
MOUNTAIN WEST FINANCIAL, INC. 39 4.92% $18,719
HOMEBRIDGE FINANCIAL SERVICES, INC. 38 4.53% $16,134
CMG MORTGAGE, INC. 37 4.58% $15,445
Hometown Lenders, Inc. 35 5.03% $16,021
KBHS HOME LOANS, LLC 34 4.72% $25,750
BROKER SOLUTIONS, INC. 34 4.99% $14,428
CARDINAL FINANCIAL 33 5.29% $17,389
S1L, Inc. 31 4.89% $17,761
EVERETT FINANCIAL, INC. 30 5.54% $10,270
GUARANTEED RATE AFFINITY, LLC 30 4.60% $14,128
Commerce Home Mortgage, Inc. 30 4.58% $16,697
NATIONS DIRECT MORTGAGE, LLC 29 4.39% $14,073
Century Mortgage Company DBA Century Lending Company 28 5.38% $14,888
ARK-LA-TEX FINANCIAL SERVICES, LLC. 27 4.93% $16,483
NEWREZ LLC 25 4.55% $13,066
ROUNDPOINT MORTGAGE SERVICING CORPORATION 23 4.54% $14,046
SUN WEST MORTGAGE COMPANY, INC. 23 4.84% $14,173
PRIMELENDING, A PLAINSCAPITAL COMPANY 22 5.11% $15,397
GUARANTEED RATE, INC. 22 4.74% $15,135
OCMBC, INC. 21 5.26% $19,226
Lakeview Community Capital, LLC 21 3.49% $9,317
FBC MORTGAGE, LLC 20 4.75% $13,249
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 19 4.96% $14,141
HOMEOWNERS FINANCIAL GROUP USA, LLC 19 4.97% $18,300
DATA MORTGAGE, INC. 18 5.20% $16,264
RESIDENTIAL BANCORP 18 4.87% $14,761
CALCON MUTUAL MORTGAGE LLC 17 5.70% $17,782
Plains Commerce Bank 16 4.66% $13,661
PACIFIC RESIDENTIAL MORTGAGE, LLC 16 5.13% $15,972
ACADEMY MORTGAGE CORPORATION 15 5.19% $17,548
CANOPY MORTGAGE, LLC 15 5.50% $17,838
HOMEAMERICAN MORTGAGE CORPORATION 15 3.78% $11,946
TJC Mortgage, Inc. 15 4.70% $16,120
Hometown Equity Mortgage, LLC 14 4.96% $19,885
MASON MCDUFFIE MORTGAGE CORPORATION 14 4.77% $15,427
BECKAM FUNDING CORP. 14 5.03% $21,571
ENVOY MORTGAGE, LTD 13 5.30% $14,639
NFM, INC. 13 5.23% $16,500
BAY EQUITY LLC 13 5.74% $15,760
Golden Empire Mortgage, Inc. 12 4.75% $15,550
LOANPAL, LLC 11 4.25% $14,262
South Pacific Financial Corporation 11 4.53% $19,324
LAND HOME FINANCIAL SERVICES, INC. 9 4.78% $18,539
ALAMEDA MORTGAGE CORPORATION 9 5.10% $16,281
VILLAGE CAPITAL MORTGAGE 9 2.82% $8,598
AMERIFIRST FINANCIAL CORPORATION 8 4.67% $17,883
PLAZA HOME MORTGAGE, INC. 8 4.58% $14,904
TOP FLITE FINANCIAL, INC. 8 5.16% $23,235
SOVEREIGN LENDING GROUP INCORPORATED 8 4.45% $17,390
U.S. Bank 7 4.68% $15,855
LADERA LENDING, INC. 7 4.29% $14,680
PLANET HOME LENDING, LLC 7 3.61% $14,790
Nations Lending Corporation 7 4.71% $17,629
INTELLILOAN, INC. 6 4.42% $15,314
THE GOLDEN 1 6 4.63% $11,936
Amerifirst Financial, Inc. 6 4.83% $16,833
MORTGAGE SOLUTIONS OF COLORADO, LLC 6 4.83% $18,867
Bank of America 6 4.48% $11,293
MUTUAL OF OMAHA MORTGAGE, INC. 6 5.25% $16,903
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 6 4.96% $23,333
JPMorgan Chase Bank 5 4.63% $8,530
ZILLOW HOME LOANS, LLC 5 4.85% $14,093
SNAPFI, INC. 5 3.50% $13,958
Franklin Loan Corporation 5 4.70% $18,668
GENEVA FINANCIAL, LLC 5 4.60% $14,606
Peoples Bank 4 4.00% $17,104
Platinum Home Mortgage Corporation 4 4.06% $21,459
AmeriHome Mortgage Company, LLC 4 5.31% $16,506
PRIMARY RESIDENTIAL MORTGAGE, INC. 4 4.94% $18,014
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 5.31% $14,706
AMERICAN FINANCIAL RESOURCES, INC. 4 3.94% $12,983
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 4.34% $12,827
AMCAP MORTGAGE, LTD. 4 5.56% $16,112
The Federal Savings Bank 4 4.19% $19,550
MORIA DEVELOPMENT, INC. 4 5.41% $17,210
CORNERSTONE HOME LENDING, INC. 4 5.88% $15,192
VERITAS FUNDING, LLC 4 3.97% $20,499
First Guaranty Mortgage Corporation 4 3.84% $12,721
NETWORK CAPITAL FUNDING CORPORATION 4 5.41% $17,904
SECURITYNATIONAL MORTGAGE COMPANY 3 5.54% $24,296
SCENIC OAKS FUNDING, INC. 3 5.08% $17,881
Pacific Lending LLC 3 5.54% $16,025
JMAC LENDING, INC. 3 4.63% $21,028
TRAVIS CREDIT UNION 3 4.42% $11,532
Ameris Bank 3 4.13% $12,235
MID AMERICA MORTGAGE, INC. 3 5.67% $6,283
LOANLEADERS OF AMERICA, INC. 2 4.00% $13,899
DIRECTORS MORTGAGE, INC. 2 5.75% $13,967
Citizens Bank 2 4.69% $10,612
GUARANTY HOME MORTGAGE CORPORATION 2 6.00% $10,123
AMERICAN FINANCING CORPORATION 2 3.25% $12,657
Residential Mortgage Solutions, Inc. 2 4.19% $14,500
EMBRACE HOME LOANS, INC. 2 4.19% $15,306
LIBERTY HOME MORTGAGE CORPORATION 2 4.69% $13,736
FIRST COMMUNITY MORTGAGE, INC. 2 3.75% $14,256
Mortgage Research Center, LLC 2 5.37% $8,541
MLD MORTGAGE INC. 2 5.69% $15,509
HOMEXPRESS MORTGAGE CORP. 2 4.06% $10,983
First Bank 2 5.25% $17,160
PREMIER LENDING, INC. 2 4.00% $16,336
THRIVE MORTGAGE, LLC 2 6.00% $18,669
BETTER MORTGAGE CORPORATION 2 3.56% $14,510
MUFG Union Bank 2 4.31% $16,526
WESTCOAST MORTGAGE GROUP AND REALTY COMPANY 2 4.44% $12,769
MICHIGAN MUTUAL, INC. 2 4.38% $21,704
First Heritage Mortgage, LLC 1 4.99% $18,406
Fremont Bank 1 5.12% $14,262
Evolve Bank & Trust 1 4.63% $11,477
Wyndham Capital Mortgage, Inc. 1 4.25% $10,295
HOME FUNDING CORPORATION 1 5.25% $19,857
DIRECT MORTGAGE, CORP. 1 3.50% $18,021
DAS Acquisition Company, LLC 1 4.75% $23,292
HomeStreet Bank 1 3.13% $10,690
INTERCAP LENDING INC. 1 3.50% $13,174
JAMES B. NUTTER & COMPANY 1 3.99% $11,127
JET DIRECT FUNDING CORP 1 4.63% $25,067
Cornerstone First Mortgage, Inc 1 5.25% $26,729
KINGS MORTGAGE SERVICES, INC. 1 6.63% $14,010
Constant Investments, Inc. 1 5.25% $16,839
CLEARPATH LENDING 1 2.99% $7,733
LOANFLIGHT LENDING, LLC 1 5.13% $9,882
Magnolia Bank 1 5.50% $19,622
MANN FINANCIAL INC. 1 5.63% $20,200
ML Mortgage Corp. 1 4.88% $12,067
CHERRY CREEK MORTGAGE, LLC 1 6.75% $9,532
BKCO MORTGAGE, LLC 1 4.25% $9,891
M&T Bank 1 3.13% $7,285
BELEM SERVICING LLC 1 1.75% $23,764
NBKC BANK 1 2.75% $12,411
NEXERA HOLDING LLC 1 2.25% $19,341
NMSI, INC. 1 4.38% $18,588
North American Savings Bank, F.S.B. 1 5.13% $8,731
NORWICH COMMERCIAL GROUP, INC. 1 5.75% $22,003
OPEN MORTGAGE, LLC 1 3.25% $9,008
Banner Bank 1 4.63% $17,142
PANORAMA MORTGAGE GROUP, LLC 1 4.50% $17,929
ARC HOME LLC 1 4.63% $22,139
Prime Choice Funding Inc. 1 2.99% $9,748
Princeton Mortgage Corporation 1 5.75% $20,158
RELIANCE FIRST CAPITAL, LLC 1 5.75% $6,789
ROYAL UNITED MORTGAGE LLC 1 6.75% $20,917
SCHOOLSFIRST 1 6.00% $9,783
AMERICAN ADVISORS GROUP 1 3.13% $12,987
Specialized Loan Servicing LLC 1 2.25% $8,640
STEARNS LENDING, LLC 1 3.63% $9,429
ST FIN CORP 1 4.75% $16,070
Strong Home Mortgage, LLC 1 4.75% $8,466
ALLIED MORTGAGE GROUP, INC. 1 5.00% $22,294
Texana Bank 1 2.63% $11,180
TOWNE MORTGAGE COMPANY 1 6.38% $8,721
Umpqua Bank 1 5.63% $12,776
UNION HOME MORTGAGE CORP. 1 4.75% $10,633
United Fidelity Funding Corp. 1 5.63% $13,720
UNITED SECURITY FINANCIAL CORP 1 4.75% $19,477
VANDERBILT MORTGAGE AND FINANCE, INC. 1 3.13% $16,181
VAN DYK MORTGAGE CORPORATION 1 4.63% $16,498
V.I.P. MORTGAGE, INC. 1 3.88% $34,956
Watermark Capital, Inc. 1 3.88% $11,104
Wells Fargo Bank 1 5.50% $13,749
Willamette Valley Bank 1 3.25% $22,021
First Western Trust Bank 1 3.63% $12,148

The top Sacramento FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 823 FHA loans originated. Their average total fees are $14,406, which is $284 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Sacramento FHA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($9,314), Lakeview Community Capital, LLC ($9,317), EVERETT FINANCIAL, INC. ($10,270), HOMEAMERICAN MORTGAGE CORPORATION ($11,946) and PENNYMAC LOAN SERVICES, LLC ($12,746).

The lowest rate Sacramento FHA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC (3.49%), LAKEVIEW LOAN SERVICING, LLC (3.76%), HOMEAMERICAN MORTGAGE CORPORATION (3.78%), PENNYMAC LOAN SERVICES, LLC (4.02%) and DHI MORTGAGE COMPANY, LTD. (4.08%).

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
Sacramento's median listing price for 2024-01-01 was $629,995, a difference of $35,370 (6.0%) versus the prior year and $4,995 versus the prior month.

Sacramento's median listing price comes in at 154% of the national average.

Sacramento's average listing price for 2024-01-01 was $1,022,302, a difference of $160,794 (18.7%) versus the prior year and $-12,020 versus the prior month.

For the 2024-01-01 period, Sacramento had 2,131 MLS listings, a difference of -454 listings (-18%) versus the prior month and -516 listings (-19%) 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 1,993 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
Sacramento's median listing age (time on market) for 2024-01-01 was 55 days. This is -18% shorter than the same period one year ago.

Sacramento's median square footage for active listings during the 2024-01-01 period was 1,883 sqft. One year prior, the average listing was 1,827 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).