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 180 lenders originated 6,246 FHA loans during 2021. The total origination value was $2,926,240,000, with an average FHA loan value of $468,498.
San Diego FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in San Diego
averaged
-0.31%
for the week of 2023-01-20, compared to the national average (all FHA variants) of
0% for the same period.
San Diego's average FHA mortgage closing costs are $13,309.
The average rate for the prior week (2023-01-13) was
5.82% and
one month ago for the week of 2022-12-16, the
average rate was 6.11%.
The average rate one year ago was 3.5%.
For refis of the same type during the week of 2023-01-20, the average rate
was -0.21%.
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.
The top San Diego FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
463 FHA loans originated. Their average total fees are
$15,193, which is $3,363
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee San Diego FHA lenders (with over 10 loans originated) are
MID AMERICA MORTGAGE, INC. ($2,588), VILLAGE CAPITAL MORTGAGE ($4,968), Lakeview Community Capital, LLC ($8,388), LAKEVIEW LOAN SERVICING, LLC ($8,426) and Mr. Cooper ( Nationstar Mortgage ) ($8,437).
The lowest rate San Diego FHA lenders (with over 10 loans originated) are
MUFG Union Bank (2.52%), VILLAGE CAPITAL MORTGAGE (2.54%), DHI MORTGAGE COMPANY, LTD. (2.58%), QUICKEN LOANS, LLC (2.60%) and GRANDE HOMES, INC. (2.61%).
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 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - San Diego (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 | $679,450 (5.0%) | $1,222,221 (0.5%) | 2.52 | 4,270 |
| 2018-02-01 | $693,103 (3.9%) | $1,240,396 (-1.5%) | 2.52 | 4,507 |
| 2018-03-01 | $699,000 (3.2%) | $1,243,686 (-0.9%) | 2.45 | 4,933 |
| 2018-04-01 | $699,897 (0.1%) | $1,226,353 (-3.8%) | 2.37 | 5,570 |
| 2018-05-01 | $704,224 (0.6%) | $1,225,944 (-3.9%) | 2.35 | 5,988 |
| 2018-06-01 | $710,000 (1.4%) | $1,213,250 (-3.0%) | 2.37 | 6,378 |
| 2018-07-01 | $699,000 (0.0%) | $1,184,885 (-4.5%) | 2.33 | 6,979 |
| 2018-08-01 | $684,500 (-0.7%) | $1,161,007 (-4.9%) | 2.29 | 7,491 |
| 2018-09-01 | $675,495 (-0.5%) | $1,113,445 (-7.9%) | 2.27 | 7,778 |
| 2018-10-01 | $669,000 (-0.7%) | $1,088,538 (-9.4%) | 2.26 | 7,880 |
| 2018-11-01 | $659,950 (-0.8%) | $1,076,574 (-11.2%) | 2.24 | 7,806 |
| 2018-12-01 | $659,000 (-3.0%) | $1,087,837 (-13.0%) | 2.27 | 6,540 |
| 2019-01-01 | $659,250 (-3.0%) | $1,085,010 (-11.2%) | 2.28 | 6,331 |
| 2019-02-01 | $669,100 (-3.5%) | $1,108,790 (-10.6%) | 2.26 | 6,367 |
| 2019-03-01 | $684,714 (-2.0%) | $1,135,608 (-8.7%) | 2.24 | 6,368 |
| 2019-04-01 | $699,500 (-0.1%) | $1,166,280 (-4.9%) | 2.22 | 6,436 |
| 2019-05-01 | $717,000 (1.8%) | $1,165,725 (-4.9%) | 2.24 | 6,811 |
| 2019-06-01 | $720,000 (1.4%) | $1,210,045 (-0.3%) | 2.25 | 6,915 |
| 2019-07-01 | $712,000 (1.9%) | $1,192,168 (0.6%) | 2.23 | 7,019 |
| 2019-08-01 | $710,908 (3.9%) | $1,178,203 (1.5%) | 2.25 | 6,869 |
| 2019-09-01 | $704,772 (4.3%) | $1,182,323 (6.2%) | 2.26 | 6,609 |
| 2019-10-01 | $705,631 (5.5%) | $1,192,622 (9.6%) | 2.28 | 6,366 |
| 2019-11-01 | $714,888 (8.3%) | $1,276,286 (18.6%) | 2.34 | 5,681 |
| 2019-12-01 | $717,000 (8.8%) | $1,257,508 (15.6%) | 2.39 | 4,727 |
| 2020-01-01 | $710,000 (7.7%) | $1,258,645 (16.0%) | 2.37 | 4,242 |
| 2020-02-01 | $725,000 (8.4%) | $1,285,219 (15.9%) | 2.37 | 4,103 |
| 2020-03-01 | $749,000 (9.4%) | $1,282,517 (12.9%) | 2.35 | 4,314 |
| 2020-04-01 | $724,950 (3.6%) | $1,244,323 (6.7%) | 2.27 | 4,689 |
| 2020-05-01 | $749,000 (4.5%) | $1,235,496 (6.0%) | 2.28 | 4,835 |
| 2020-06-01 | $767,000 (6.5%) | $1,352,786 (11.8%) | 2.26 | 4,416 |
| 2020-07-01 | $789,400 (10.9%) | $1,341,209 (12.5%) | 2.29 | 4,110 |
| 2020-08-01 | $780,000 (9.7%) | $1,397,272 (18.6%) | 2.24 | 3,905 |
| 2020-09-01 | $775,000 (10.0%) | $1,410,312 (19.3%) | 2.22 | 3,865 |
| 2020-10-01 | $775,000 (9.8%) | $1,433,302 (20.2%) | 2.22 | 3,832 |
| 2020-11-01 | $760,888 (6.4%) | $1,446,089 (13.3%) | 2.22 | 3,465 |
| 2020-12-01 | $767,250 (7.0%) | $1,496,214 (19.0%) | 2.28 | 2,811 |
| 2021-01-01 | $774,450 (9.1%) | $1,628,027 (29.4%) | 2.31 | 2,381 |
| 2021-02-01 | $781,000 (7.7%) | $1,613,162 (25.5%) | 2.27 | 2,215 |
| 2021-03-01 | $782,450 (4.5%) | $1,560,651 (21.7%) | 2.22 | 2,220 |
| 2021-04-01 | $799,450 (10.3%) | $1,612,786 (29.6%) | 2.16 | 2,294 |
| 2021-05-01 | $799,000 (6.7%) | $1,556,906 (26.0%) | 2.11 | 2,572 |
| 2021-06-01 | $809,900 (5.6%) | $1,521,378 (12.5%) | 2.13 | 2,877 |
| 2021-07-01 | $815,000 (3.2%) | $1,483,872 (10.6%) | 2.15 | 3,151 |
| 2021-08-01 | $817,450 (4.8%) | $1,476,453 (5.7%) | 2.18 | 3,120 |
| 2021-09-01 | $800,000 (3.2%) | $1,497,145 (6.2%) | 2.13 | 2,889 |
| 2021-10-01 | $824,945 (6.4%) | $1,556,406 (8.6%) | 2.20 | 2,577 |
| 2021-11-01 | $831,000 (9.2%) | $1,579,735 (9.2%) | 2.22 | 2,134 |
| 2021-12-01 | $820,000 (6.9%) | $1,654,528 (10.6%) | 2.22 | 1,642 |
| 2022-01-01 | $839,900 (8.5%) | $1,787,741 (9.8%) | 2.27 | 1,484 |
| 2022-02-01 | $849,950 (8.8%) | $1,773,999 (10.0%) | 2.21 | 1,508 |
| 2022-03-01 | $876,375 (12.0%) | $1,733,901 (11.1%) | 2.19 | 1,680 |
| 2022-04-01 | $899,999 (12.6%) | $1,701,329 (5.5%) | 2.15 | 1,949 |
| 2022-05-01 | $923,091 (15.5%) | $1,582,726 (1.7%) | 2.11 | 2,803 |
| 2022-06-01 | $948,250 (17.1%) | $1,526,782 (0.4%) | 2.11 | 3,595 |
| 2022-07-01 | $899,900 (10.4%) | $1,477,418 (-0.4%) | 2.04 | 4,583 |
| 2022-08-01 | $896,500 (9.7%) | $1,473,306 (-0.2%) | 2.07 | 4,516 |
| 2022-09-01 | $887,560 (11.0%) | $1,468,780 (-1.9%) | 2.08 | 4,177 |
| 2022-10-01 | $890,000 (7.9%) | $1,448,956 (-6.9%) | 2.09 | 4,158 |
| 2022-11-01 | $884,000 (6.4%) | $1,441,142 (-8.8%) | 2.13 | 4,005 |
| 2022-12-01 | $899,000 (9.6%) | $1,477,035 (-10.7%) | 2.25 | 3,220 |
San Diego's median listing price comes in at 225% of the national average.
San Diego's average listing price for 2022-12-01 was $1,477,035, a difference of $-177,493 (-10.7%) versus the prior year and $35,893 versus the prior month.
For the 2022-12-01 period, San Diego had 3,220 MLS listings, a difference of -785 listings (-20%) versus the prior month and 1,578 listings (96%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - San Diego (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 40 days | 1,842 sqft |
| 2018-02-01 | 29 days | 1,853 sqft |
| 2018-03-01 | 29 days | 1,882 sqft |
| 2018-04-01 | 29 days | 1,904 sqft |
| 2018-05-01 | 29 days | 1,913 sqft |
| 2018-06-01 | 30 days | 1,907 sqft |
| 2018-07-01 | 32 days | 1,858 sqft |
| 2018-08-01 | 31 days | 1,815 sqft |
| 2018-09-01 | 36 days | 1,800 sqft |
| 2018-10-01 | 36 days | 1,790 sqft |
| 2018-11-01 | 39 days | 1,779 sqft |
| 2018-12-01 | 49 days | 1,786 sqft |
| 2019-01-01 | 46 days | 1,761 sqft |
| 2019-02-01 | 33 days | 1,777 sqft |
| 2019-03-01 | 35 days | 1,814 sqft |
| 2019-04-01 | 33 days | 1,854 sqft |
| 2019-05-01 | 32 days | 1,873 sqft |
| 2019-06-01 | 41 days | 1,880 sqft |
| 2019-07-01 | 43 days | 1,870 sqft |
| 2019-08-01 | 44 days | 1,858 sqft |
| 2019-09-01 | 44 days | 1,839 sqft |
| 2019-10-01 | 45 days | 1,831 sqft |
| 2019-11-01 | 48 days | 1,824 sqft |
| 2019-12-01 | 59 days | 1,797 sqft |
| 2020-01-01 | 56 days | 1,781 sqft |
| 2020-02-01 | 40 days | 1,800 sqft |
| 2020-03-01 | 40 days | 1,806 sqft |
| 2020-04-01 | 44 days | 1,754 sqft |
| 2020-05-01 | 49 days | 1,784 sqft |
| 2020-06-01 | 43 days | 1,787 sqft |
| 2020-07-01 | 44 days | 1,789 sqft |
| 2020-08-01 | 38 days | 1,728 sqft |
| 2020-09-01 | 39 days | 1,695 sqft |
| 2020-10-01 | 43 days | 1,696 sqft |
| 2020-11-01 | 48 days | 1,680 sqft |
| 2020-12-01 | 59 days | 1,686 sqft |
| 2021-01-01 | 56 days | 1,671 sqft |
| 2021-02-01 | 39 days | 1,672 sqft |
| 2021-03-01 | 36 days | 1,659 sqft |
| 2021-04-01 | 33 days | 1,687 sqft |
| 2021-05-01 | 28 days | 1,664 sqft |
| 2021-06-01 | 29 days | 1,666 sqft |
| 2021-07-01 | 29 days | 1,670 sqft |
| 2021-08-01 | 30 days | 1,684 sqft |
| 2021-09-01 | 33 days | 1,674 sqft |
| 2021-10-01 | 35 days | 1,674 sqft |
| 2021-11-01 | 38 days | 1,677 sqft |
| 2021-12-01 | 47 days | 1,654 sqft |
| 2022-01-01 | 42 days | 1,637 sqft |
| 2022-02-01 | 28 days | 1,633 sqft |
| 2022-03-01 | 25 days | 1,679 sqft |
| 2022-04-01 | 23 days | 1,712 sqft |
| 2022-05-01 | 23 days | 1,706 sqft |
| 2022-06-01 | 25 days | 1,730 sqft |
| 2022-07-01 | 30 days | 1,698 sqft |
| 2022-08-01 | 36 days | 1,680 sqft |
| 2022-09-01 | 40 days | 1,673 sqft |
| 2022-10-01 | 40 days | 1,679 sqft |
| 2022-11-01 | 44 days | 1,687 sqft |
| 2022-12-01 | 56 days | 1,700 sqft |
San Diego's median square footage for active listings during the 2022-12-01 period was 1,700 sqft. One year prior, the average listing was 1,654 sqft.