San Diego FHA Loan Rates, Closing Costs & Stats
SAN DIEGO-CHULA VISTA-CARLSBAD, 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.
San Diego's 141 lenders originated 3,102 FHA
loans during 2024. The total origination value was $1,952,040,000, with an average FHA loan value of
$629,284.
San Diego FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in San Diego
averaged
6.83%
for the week of 2025-07-11, compared to the national average (all FHA variants) of
6.523% for the same period.
San Diego's average FHA mortgage closing costs are $15,632.
The average rate for the prior week (2025-07-04) was
6.67% and
one month ago for the week of 2025-06-06, the
average rate was 6.8%.
The average rate one year ago was 6.64%.
For refis of the same type during the week of 2025-07-11, the average rate
was 6%.
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.
San Diego 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 San Diego level.
Name |
# of Loans |
2024 Avg. 30yFix Rate |
2024 Avg. Closing Costs |
UNITED WHOLESALE MORTGAGE, LLC
|
791
|
5.99%
|
$22,699
|
QUICKEN LOANS, LLC
|
231
|
6.03%
|
$20,884
|
CROSSCOUNTRY MORTGAGE, LLC
|
117
|
6.33%
|
$25,936
|
LOANDEPOT.COM, LLC
|
93
|
5.92%
|
$23,353
|
PENNYMAC LOAN SERVICES, LLC
|
87
|
5.90%
|
$20,960
|
FREEDOM MORTGAGE CORPORATION
|
80
|
6.07%
|
$21,583
|
EAGLE HOME MORTGAGE, LLC
|
79
|
5.75%
|
$20,592
|
NEWREZ LLC
|
43
|
6.08%
|
$21,974
|
Sierra Pacific Mortgage Company, Inc.
|
36
|
6.19%
|
$26,657
|
Century Mortgage Company DBA Century Lending Company
|
36
|
6.01%
|
$24,634
|
POINT Mortgage
|
34
|
5.93%
|
$19,162
|
Hometown Equity Mortgage, LLC
|
33
|
5.81%
|
$22,343
|
GEO-CORP, INC.
|
32
|
7.18%
|
$35,522
|
OCMBC, INC.
|
30
|
6.17%
|
$24,893
|
BROKER SOLUTIONS, INC.
|
29
|
6.54%
|
$23,853
|
GUILD MORTGAGE COMPANY
|
28
|
6.25%
|
$25,271
|
KBHS HOME LOANS, LLC
|
28
|
5.57%
|
$22,195
|
Paramount Residential Mortgage Group, Inc.
|
26
|
6.28%
|
$23,743
|
GUARANTEED RATE, INC.
|
25
|
6.08%
|
$21,878
|
SUN WEST MORTGAGE COMPANY, INC.
|
24
|
6.27%
|
$27,841
|
CARDINAL FINANCIAL
|
24
|
6.32%
|
$24,138
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
23
|
6.42%
|
$20,762
|
The Loan Store, Inc.
|
20
|
6.13%
|
$22,482
|
CMG MORTGAGE, INC.
|
20
|
5.89%
|
$25,011
|
AMERICAN FINANCIAL NETWORK, INC.
|
20
|
6.58%
|
$22,079
|
Equity Prime Mortgage LLC
|
20
|
6.33%
|
$21,816
|
Flagstar Bank, FSB
|
17
|
6.29%
|
$22,601
|
MORTGAGEONE, INC.
|
16
|
6.30%
|
$19,113
|
HOMEBRIDGE FINANCIAL SERVICES, INC.
|
16
|
6.04%
|
$20,880
|
S1L, Inc.
|
14
|
6.28%
|
$24,585
|
Cornerstone First Mortgage, Inc
|
14
|
6.03%
|
$24,139
|
Mr. Cooper ( Nationstar Mortgage )
|
13
|
6.32%
|
$24,771
|
Golden Empire Mortgage, Inc.
|
13
|
6.46%
|
$28,464
|
PLAZA HOME MORTGAGE, INC.
|
12
|
6.39%
|
$26,348
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
12
|
6.25%
|
$26,023
|
PLANET HOME LENDING, LLC
|
12
|
5.92%
|
$16,379
|
VILLAGE CAPITAL MORTGAGE
|
12
|
6.33%
|
$15,031
|
LAKEVIEW LOAN SERVICING, LLC
|
11
|
5.92%
|
$15,137
|
AXIA FINANCIAL, LLC
|
10
|
6.26%
|
$23,346
|
Carrington Mortgage Services, LLC
|
10
|
6.15%
|
$22,289
|
RESIDENTIAL WHOLESALE MORTGAGE, INC.
|
10
|
5.98%
|
$20,917
|
American Mortgage & Equity Consultants, Inc.
|
10
|
6.56%
|
$21,674
|
BAY EQUITY LLC
|
10
|
6.00%
|
$22,869
|
EVERETT FINANCIAL, INC.
|
9
|
6.32%
|
$28,697
|
GUARANTEED RATE AFFINITY, LLC
|
9
|
6.17%
|
$22,861
|
INTERCAP LENDING INC.
|
9
|
6.08%
|
$19,846
|
Lakeview Community Capital, LLC
|
8
|
5.98%
|
$14,108
|
MOVEMENT MORTGAGE, LLC
|
8
|
6.38%
|
$21,476
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
8
|
6.31%
|
$21,797
|
ZILLOW HOME LOANS, LLC
|
8
|
6.09%
|
$21,904
|
NP, Inc.
|
7
|
6.48%
|
$26,452
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
7
|
6.32%
|
$31,850
|
U.S. Bank
|
7
|
5.95%
|
$23,718
|
CASTLE & COOKE MORTGAGE, LLC
|
7
|
6.14%
|
$19,801
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
6
|
6.69%
|
$22,807
|
UNION HOME MORTGAGE CORP.
|
6
|
6.00%
|
$22,367
|
First-Citizens Bank & Trust Company
|
5
|
5.05%
|
$24,510
|
ISERVE RESIDENTIAL LENDING, LLC
|
5
|
6.55%
|
$22,442
|
FIRST COLONY MORTGAGE CORPORATION
|
5
|
5.80%
|
$23,987
|
Franklin Loan Corporation
|
5
|
6.03%
|
$21,910
|
LOANPAL, LLC
|
5
|
5.30%
|
$21,766
|
Barrington Bank & Trust Company, N.A.
|
4
|
5.97%
|
$22,914
|
LADERA LENDING, INC.
|
4
|
6.00%
|
$17,489
|
LAND HOME FINANCIAL SERVICES, INC.
|
4
|
6.34%
|
$27,066
|
Home Mortgage Alliance Corp
|
4
|
6.28%
|
$17,292
|
HOMEOWNERS FINANCIAL GROUP USA, LLC
|
4
|
6.13%
|
$27,705
|
Performance Financial, Inc.
|
4
|
6.00%
|
$38,609
|
GENEVA FINANCIAL, LLC
|
4
|
6.44%
|
$30,016
|
JMJ FINANCIAL GROUP
|
4
|
5.56%
|
$18,182
|
Shea Mortgage Inc.
|
4
|
6.09%
|
$19,328
|
MICHIGAN MUTUAL, INC.
|
3
|
6.04%
|
$30,763
|
FIRST NATIONS HOME FINANCE CORPORATION
|
3
|
6.46%
|
$26,115
|
DIGNIFIED HOME LOANS, LLC
|
3
|
6.71%
|
$18,336
|
JMAC LENDING, INC.
|
3
|
6.00%
|
$26,096
|
JPMorgan Chase Bank
|
3
|
5.71%
|
$9,815
|
MK LENDING CORP.
|
3
|
6.46%
|
$28,304
|
MORTGAGE SOLUTIONS OF COLORADO, LLC
|
3
|
6.75%
|
$14,222
|
OPEN MORTGAGE, LLC
|
3
|
7.33%
|
$37,311
|
Prosperity Home Mortgage, LLC
|
3
|
6.46%
|
$23,529
|
AmeriHome Mortgage Company, LLC
|
3
|
6.29%
|
$17,011
|
MORIA DEVELOPMENT, INC.
|
2
|
6.44%
|
$23,455
|
BETTER MORTGAGE CORPORATION
|
2
|
6.00%
|
$22,733
|
M&T Bank
|
2
|
6.88%
|
$17,736
|
NETWORK CAPITAL FUNDING CORPORATION
|
2
|
5.56%
|
$18,609
|
INTELLILOAN, INC.
|
2
|
6.50%
|
$20,943
|
INSPIRE HOME LOANS INC.
|
2
|
5.06%
|
$20,284
|
Wells Fargo Bank
|
2
|
5.31%
|
$13,036
|
PACIFIC RESIDENTIAL MORTGAGE, LLC
|
2
|
6.12%
|
$19,972
|
HOMESIDE FINANCIAL, LLC
|
2
|
5.94%
|
$26,391
|
Plains Commerce Bank
|
2
|
5.94%
|
$26,971
|
AHL FUNDING
|
2
|
6.25%
|
$26,725
|
PREMIER MORTGAGE RESOURCES, L.L.C.
|
2
|
6.25%
|
$16,098
|
CHURCHILL MORTGAGE CORPORATION
|
2
|
6.13%
|
$22,604
|
AMERISAVE MORTGAGE CORPORATION
|
2
|
5.31%
|
$25,711
|
San Diego Funding
|
2
|
5.81%
|
$24,286
|
SECURITYNATIONAL MORTGAGE COMPANY
|
2
|
6.69%
|
$35,464
|
ST FIN CORP
|
2
|
6.00%
|
$29,668
|
COMPASS MORTGAGE, INC.
|
2
|
6.13%
|
$28,696
|
ALLIED MORTGAGE GROUP, INC.
|
2
|
5.75%
|
$21,340
|
CORNERSTONE HOME LENDING, INC.
|
2
|
6.25%
|
$24,648
|
US MORTGAGE CORPORATION
|
2
|
6.94%
|
$19,281
|
VERITAS FUNDING, LLC
|
2
|
6.75%
|
$33,413
|
V.I.P. MORTGAGE, INC.
|
2
|
6.25%
|
$18,724
|
BMO Harris Bank
|
2
|
6.06%
|
$19,406
|
MID AMERICA MORTGAGE, INC.
|
2
|
6.94%
|
$9,093
|
VISION ONE MORTGAGE, INC.
|
2
|
6.44%
|
$18,353
|
THE GOLDEN 1
|
1
|
5.75%
|
$20,424
|
PNC Bank
|
1
|
7.00%
|
$13,642
|
HIGHLANDS RESIDENTIAL MORTGAGE, LTD.
|
1
|
6.63%
|
$28,879
|
AMERICAN FINANCIAL RESOURCES, INC.
|
1
|
7.25%
|
$18,902
|
Vellum Mortgage, Inc.
|
1
|
6.25%
|
$23,115
|
PROPER RATE, LLC
|
1
|
6.25%
|
$20,885
|
First Bank
|
1
|
5.88%
|
$26,006
|
Ameris Bank
|
1
|
6.13%
|
$16,435
|
Commerce Bank
|
1
|
7.13%
|
$20,534
|
ML Mortgage Corp.
|
1
|
5.50%
|
$52,771
|
Zions Bank
|
1
|
5.63%
|
$22,245
|
Waterstone Mortgage Corporation
|
1
|
5.99%
|
$28,323
|
MOUNTAIN WEST FINANCIAL, INC.
|
1
|
5.50%
|
$20,967
|
LIBERTY HOME MORTGAGE CORPORATION
|
1
|
5.25%
|
$20,356
|
BAY-VALLEY MORTGAGE GROUP
|
1
|
6.50%
|
$24,195
|
FBC MORTGAGE, LLC
|
1
|
5.99%
|
$23,287
|
LEADERONE FINANCIAL CORPORATION
|
1
|
6.25%
|
$21,439
|
NATIONS DIRECT MORTGAGE, LLC
|
1
|
6.63%
|
$23,090
|
NBKC BANK
|
1
|
6.00%
|
$18,569
|
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION
|
1
|
5.88%
|
$31,211
|
CALCON MUTUAL MORTGAGE LLC
|
1
|
7.13%
|
$18,522
|
NOVA FINANCIAL & INVESTMENT CORPORATION
|
1
|
5.75%
|
$10,224
|
EMM LOANS LLC
|
1
|
5.63%
|
$24,864
|
VAN DYK MORTGAGE CORPORATION
|
1
|
6.63%
|
$31,245
|
ONY GLO, INC.
|
1
|
6.25%
|
$17,784
|
SUMMIT FUNDING, INC.
|
1
|
5.88%
|
$23,470
|
Pacific Lending LLC
|
1
|
6.25%
|
$14,175
|
Sunflower Bank
|
1
|
6.63%
|
$26,479
|
PANORAMA MORTGAGE GROUP, LLC
|
1
|
5.13%
|
$32,628
|
Axos Bank
|
1
|
5.75%
|
$15,084
|
HOMEXPRESS MORTGAGE CORP.
|
1
|
6.75%
|
$20,326
|
Commerce Home Mortgage, Inc.
|
1
|
5.88%
|
$20,125
|
PHH Mortgage Corporation
|
1
|
5.99%
|
$11,467
|
The Federal Savings Bank
|
1
|
6.00%
|
$35,076
|
HOMEAMERICAN MORTGAGE CORPORATION
|
1
|
6.13%
|
$14,794
|
The top San Diego FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
791 FHA loans originated. Their average total fees are
$22,699, which is $1,815
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee San Diego FHA lenders (with over 10 loans originated) are
VILLAGE CAPITAL MORTGAGE ($15,031), LAKEVIEW LOAN SERVICING, LLC ($15,137), PLANET HOME LENDING, LLC ($16,379), MORTGAGEONE, INC. ($19,113) and POINT Mortgage ($19,162).
The lowest rate San Diego FHA lenders (with over 10 loans originated) are
KBHS HOME LOANS, LLC (5.57%), EAGLE HOME MORTGAGE, LLC (5.75%), Hometown Equity Mortgage, LLC (5.81%), CMG MORTGAGE, INC. (5.89%) and PENNYMAC LOAN SERVICES, LLC (5.90%).
San Diego FHA Loan Limits
Metro |
County |
Year |
Single Family Limit |
2 Family Limit |
3 Family Limit |
4 Family Limit |
SAN DIEGO-CHULA VISTA-CARLSBAD, CA |
SAN DIEGO |
2022 |
$879,750 |
$1,126,250 |
$1,361,350 |
$1,691,850 |
SAN DIEGO-CHULA VISTA-CARLSBAD, CA |
SAN DIEGO |
2023 |
$977,500 |
$1,251,400 |
$1,512,650 |
$1,879,850 |
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).