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).