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 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).