San Francisco FHA Loan Rates, Closing Costs & Stats

San Francisco-Oakland-Berkeley, 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.

    San Francisco's 142 lenders originated 2,777 FHA loans during 2022. The total origination value was $1,538,875,000, with an average FHA loan value of $554,150.

    San Francisco FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in San Francisco averaged 5.45% for the week of 2023-05-26, compared to the national average (all FHA variants) of 6.612% for the same period.

    San Francisco's average FHA mortgage closing costs are $14,912.

    The average rate for the prior week (2023-05-19) was 5.63% and one month ago for the week of 2023-04-21, the average rate was 5.57%.

    The average rate one year ago was 4.39%.

    For refis of the same type during the week of 2023-05-26, the average rate was 4.72%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    San Francisco 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 Francisco level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 244 4.72% $21,566
    QUICKEN LOANS, LLC 193 4.44% $19,076
    LOANDEPOT.COM, LLC 120 4.41% $21,157
    CALIBER HOME LOANS, INC. 114 4.43% $20,310
    AMERICAN PACIFIC MORTGAGE CORPORATION 90 4.75% $21,139
    EVERETT FINANCIAL, INC. 49 5.18% $14,754
    CROSSCOUNTRY MORTGAGE, LLC 47 5.37% $22,213
    GUARANTEED RATE, INC. 45 4.50% $19,238
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 43 4.93% $19,899
    Commerce Home Mortgage, Inc. 43 4.74% $21,794
    HOME POINT FINANCIAL CORPORATION 43 4.11% $19,783
    Paramount Residential Mortgage Group, Inc. 41 5.01% $22,677
    HOMEBRIDGE FINANCIAL SERVICES, INC. 37 4.55% $22,997
    PENNYMAC LOAN SERVICES, LLC 34 3.77% $16,988
    FINANCE OF AMERICA MORTGAGE LLC 30 4.45% $22,686
    GUILD MORTGAGE COMPANY 27 4.66% $21,440
    FREEDOM MORTGAGE CORPORATION 24 4.09% $16,726
    BROKER SOLUTIONS, INC. 22 4.86% $23,199
    Carrington Mortgage Services, LLC 22 4.84% $25,604
    South Pacific Financial Corporation 22 4.68% $21,754
    Mr. Cooper ( Nationstar Mortgage ) 20 3.84% $17,357
    AMERISAVE MORTGAGE CORPORATION 17 4.07% $27,927
    CMG MORTGAGE, INC. 16 4.40% $24,292
    CARDINAL FINANCIAL 16 4.43% $22,733
    PLANET HOME LENDING, LLC 16 4.08% $17,134
    MOVEMENT MORTGAGE, LLC 15 4.54% $17,824
    Sierra Pacific Mortgage Company, Inc. 15 5.50% $20,535
    RESIDENTIAL BANCORP. 14 4.39% $20,491
    ENVOY MORTGAGE, LTD 14 5.17% $22,448
    MLD MORTGAGE INC. 14 5.39% $21,775
    BECKAM FUNDING CORP. 14 5.31% $30,487
    Lakeview Community Capital, LLC 14 3.60% $9,639
    Equity Prime Mortgage LLC 13 5.04% $22,549
    NEWREZ LLC 12 5.29% $17,927
    BAY EQUITY LLC 12 5.25% $19,736
    Platinum Home Mortgage Corporation 11 4.29% $21,155
    Flagstar Bank, FSB 11 5.10% $20,990
    ALAMEDA MORTGAGE CORPORATION 10 5.09% $17,323
    Golden Empire Mortgage, Inc. 10 4.75% $23,808
    SUMMIT FUNDING, INC. 10 4.63% $20,613
    LAKEVIEW LOAN SERVICING, LLC 10 3.51% $13,127
    PRIMARY RESIDENTIAL MORTGAGE, INC. 10 4.85% $27,804
    GUARANTEED RATE AFFINITY, LLC 9 4.75% $21,415
    Nations Lending Corporation 9 4.60% $21,591
    HOMEOWNERS FINANCIAL GROUP USA, LLC 9 5.28% $25,538
    KBHS HOME LOANS, LLC 8 4.05% $25,091
    OCMBC, INC. 8 5.52% $30,308
    EAGLE HOME MORTGAGE, LLC 7 5.20% $22,265
    MOUNTAIN WEST FINANCIAL, INC. 6 5.08% $23,592
    MASON MCDUFFIE MORTGAGE CORPORATION 6 4.83% $19,183
    CHERRY CREEK MORTGAGE, LLC 6 5.31% $5,095
    SUN WEST MORTGAGE COMPANY, INC. 6 4.15% $17,947
    NATIONS DIRECT MORTGAGE, LLC 6 3.96% $19,233
    Hometown Equity Mortgage, LLC 5 4.80% $14,562
    PREMIER LENDING, INC. 5 4.65% $20,631
    NETWORK CAPITAL FUNDING CORPORATION 5 4.10% $17,053
    VILLAGE CAPITAL MORTGAGE 4 3.44% $14,110
    MUTUAL OF OMAHA MORTGAGE, INC. 4 3.84% $14,779
    Franklin Loan Corporation 4 4.91% $22,740
    HOMEAMERICAN MORTGAGE CORPORATION 4 3.94% $14,380
    TOP FLITE FINANCIAL, INC. 4 5.13% $31,650
    Wells Fargo Bank 4 4.72% $23,098
    Plains Commerce Bank 4 5.50% $13,643
    Citizens Bank 4 4.28% $14,417
    Century Mortgage Company DBA Century Lending Company 4 5.06% $16,093
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 4.69% $21,435
    LADERA LENDING, INC. 3 5.00% $15,269
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 3 5.79% $24,236
    TRAVIS CREDIT UNION 3 3.42% $14,790
    AMERIFIRST FINANCIAL CORPORATION 3 5.13% $34,371
    FBC MORTGAGE, LLC 3 5.04% $17,515
    First Guaranty Mortgage Corporation 3 3.38% $15,319
    CALCON MUTUAL MORTGAGE LLC 3 6.25% $23,236
    S1L, Inc. 3 4.63% $23,999
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 3 4.63% $26,090
    ALLIED MORTGAGE GROUP, INC. 3 6.29% $13,442
    HOMESIDE FINANCIAL, LLC 3 3.92% $15,007
    INSPIRE HOME LOANS INC. 3 4.00% $33,011
    MUFG Union Bank 3 4.88% $16,210
    LAND HOME FINANCIAL SERVICES, INC. 2 4.63% $18,072
    AHL FUNDING 2 6.06% $43,176
    MICHIGAN MUTUAL, INC. 2 5.38% $26,489
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 5.19% $23,378
    PACIFIC RESIDENTIAL MORTGAGE, LLC 2 6.19% $21,844
    MORIA DEVELOPMENT, INC. 2 5.38% $29,959
    RELIANCE FIRST CAPITAL, LLC 2 4.38% $18,363
    GUARANTY HOME MORTGAGE CORPORATION 2 4.94% $12,838
    SNAPFI, INC. 2 3.56% $16,262
    Northpointe Bank 2 5.50% $24,830
    NFM, INC. 2 4.75% $18,333
    The Federal Savings Bank 2 4.19% $20,346
    Amerifirst Financial, Inc. 2 4.31% $20,560
    SOVEREIGN LENDING GROUP INCORPORATED 2 4.44% $21,574
    ZILLOW HOME LOANS, LLC 2 4.69% $19,207
    U.S. Bank 2 3.38% $17,250
    LOANPAL, LLC 2 3.25% $20,825
    KELLER MORTGAGE, LLC 1 3.00% $17,444
    Allied First Bank,sb 1 3.50% $12,506
    AMCAP MORTGAGE, LTD. 1 5.88% $35,282
    AMERICAN FINANCING CORPORATION 1 4.25% $10,617
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 4.38% $12,610
    AmeriHome Mortgage Company, LLC 1 5.63% $15,586
    Bank of America 1 2.25% $39,326
    BEST CAPITAL FUNDING 1 3.75% $16,914
    BEST FINANCE CAPITAL, INC. 1 5.13% $27,503
    CALCULATED RISK ANALYTICS LLC 1 5.25% $14,373
    CAMPOS FINANCIAL CORP. 1 6.75% $16,325
    Chickasaw Community Bank 1 4.88% $21,911
    Citibank 1 3.75% $22,562
    COASTAL FUNDING SLC, INC. 1 4.13% $55,491
    CONTOUR MORTGAGE CORPORATION 1 3.75% $21,556
    Cornerstone First Mortgage, Inc 1 3.63% $13,650
    CORNERSTONE HOME LENDING, INC. 1 5.25% $27,468
    FAY SERVICING, LLC 1 5.75% $18,641
    First Bank 1 5.63% $17,285
    First Mortgage Solutions, LLC 1 2.50% $15,845
    GENEVA FINANCIAL, LLC 1 5.38% $22,265
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 3.25% $24,824
    HOME FUNDING CORPORATION 1 3.75% $14,151
    INTELLILOAN, INC. 1 5.99% $23,952
    INTERCAP LENDING INC. 1 5.13% $22,451
    JPMorgan Chase Bank 1 5.13% $14,916
    LENDING 3, INC. 1 6.25% $35,357
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 5.25% $18,664
    MID AMERICA MORTGAGE, INC. 1 3.88% $4,205
    Mortgage Research Center, LLC 1 5.13% $11,809
    M&T Bank 1 3.50% $9,141
    NEW DAY FINANCIAL, LLC 1 5.49% $11,646
    NexBank 1 6.00% $14,226
    ONY GLO, INC. 1 5.25% $19,232
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 5.75% $31,534
    RANLIFE, INC. 1 4.25% $20,265
    Residential Mortgage Solutions, Inc. 1 4.50% $22,227
    RMS & Associates 1 4.63% $12,548
    SCENIC OAKS FUNDING, INC. 1 4.25% $22,127
    SECURITYNATIONAL MORTGAGE COMPANY 1 5.63% $34,169
    THE GOLDEN 1 1 4.75% $17,451
    TJC Mortgage, Inc. 1 4.25% $32,753
    TOWNE MORTGAGE COMPANY 1 4.25% $25,475
    Umpqua Bank 1 7.13% $18,701
    Vellum Mortgage, Inc. 1 6.50% $14,737
    WALL FINANCIAL, INC. 1 5.00% $24,264

    The top San Francisco FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 244 FHA loans originated. Their average total fees are $21,566, which is $2,489 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee San Francisco FHA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC ($9,639), LAKEVIEW LOAN SERVICING, LLC ($13,127), EVERETT FINANCIAL, INC. ($14,754), FREEDOM MORTGAGE CORPORATION ($16,726) and PENNYMAC LOAN SERVICES, LLC ($16,988).

    The lowest rate San Francisco FHA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC (3.51%), Lakeview Community Capital, LLC (3.60%), PENNYMAC LOAN SERVICES, LLC (3.77%), Mr. Cooper ( Nationstar Mortgage ) (3.84%) and AMERISAVE MORTGAGE CORPORATION (4.07%).

    San Francisco FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    SAN FRANCISCO-OAKLAND-BERKELEY, CA ALAMEDA 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    SAN FRANCISCO-OAKLAND-BERKELEY, CA CONTRA COSTA 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    SAN FRANCISCO-OAKLAND-BERKELEY, CA MARIN 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    SAN FRANCISCO-OAKLAND-BERKELEY, CA SAN FRANCISCO 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    SAN FRANCISCO-OAKLAND-BERKELEY, CA SAN MATEO 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    SAN FRANCISCO-OAKLAND-BERKELEY, CA ALAMEDA 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    SAN FRANCISCO-OAKLAND-BERKELEY, CA CONTRA COSTA 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    SAN FRANCISCO-OAKLAND-BERKELEY, CA MARIN 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    SAN FRANCISCO-OAKLAND-BERKELEY, CA SAN FRANCISCO 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    SAN FRANCISCO-OAKLAND-BERKELEY, CA SAN MATEO 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - San Francisco (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 $843,722 (6.9%) $1,502,824 (14.4%) 3.13 2,294
    2018-02-01 $898,500 (6.4%) $1,547,349 (12.0%) 3.27 2,716
    2018-03-01 $949,000 (6.2%) $1,582,709 (10.9%) 3.33 3,122
    2018-04-01 $986,856 (9.8%) $1,610,195 (8.1%) 3.35 3,620
    2018-05-01 $996,500 (10.7%) $1,616,330 (8.3%) 3.33 4,074
    2018-06-01 $988,000 (9.5%) $1,574,951 (5.9%) 3.29 4,494
    2018-07-01 $927,500 (6.0%) $1,481,163 (3.7%) 3.10 4,809
    2018-08-01 $889,000 (4.7%) $1,383,831 (-0.7%) 2.98 4,925
    2018-09-01 $899,000 (2.8%) $1,401,721 (-4.4%) 3.02 5,961
    2018-10-01 $899,000 (0.0%) $1,409,946 (-8.0%) 3.04 6,158
    2018-11-01 $889,750 (-1.0%) $1,428,592 (-8.0%) 3.02 5,844
    2018-12-01 $849,950 (-3.3%) $1,339,459 (-16.3%) 2.93 4,174
    2019-01-01 $831,417 (-1.5%) $1,301,294 (-13.4%) 2.87 3,563
    2019-02-01 $887,000 (-1.3%) $1,416,706 (-8.4%) 3.00 4,084
    2019-03-01 $920,000 (-3.1%) $1,460,953 (-7.7%) 3.07 4,617
    2019-04-01 $947,444 (-4.0%) $1,529,223 (-5.0%) 3.01 4,898
    2019-05-01 $968,500 (-2.8%) $1,494,490 (-7.5%) 3.03 5,465
    2019-06-01 $959,950 (-2.8%) $1,484,044 (-5.8%) 3.00 5,927
    2019-07-01 $927,000 (-0.1%) $1,529,948 (3.3%) 2.90 5,830
    2019-08-01 $899,950 (1.2%) $1,586,053 (14.6%) 2.82 5,544
    2019-09-01 $950,000 (5.7%) $1,613,431 (15.1%) 3.00 4,791
    2019-10-01 $949,500 (5.6%) $1,541,408 (9.3%) 3.06 6,087
    2019-11-01 $949,000 (6.7%) $1,609,486 (12.7%) 3.11 4,960
    2019-12-01 $899,000 (5.8%) $1,686,261 (25.9%) 3.00 2,990
    2020-01-01 $893,500 (7.5%) $1,699,296 (30.6%) 2.99 2,563
    2020-02-01 $997,000 (12.4%) $1,747,168 (23.3%) 3.26 3,088
    2020-03-01 $998,944 (8.6%) $1,709,840 (17.0%) 3.13 3,526
    2020-04-01 $958,219 (1.1%) $1,534,690 (0.4%) 3.00 3,419
    2020-05-01 $999,888 (3.2%) $1,610,995 (7.8%) 3.04 4,583
    2020-06-01 $1,078,750 (12.4%) $1,662,007 (12.0%) 3.18 4,952
    2020-07-01 $1,091,500 (17.8%) $1,679,555 (9.8%) 3.16 5,062
    2020-08-01 $1,050,000 (16.7%) $1,673,332 (5.5%) 3.01 5,205
    2020-09-01 $1,052,254 (10.8%) $1,676,293 (3.9%) 3.02 5,405
    2020-10-01 $1,070,000 (12.7%) $1,673,373 (8.6%) 3.07 5,810
    2020-11-01 $1,049,000 (10.5%) $1,662,686 (3.3%) 3.07 5,172
    2020-12-01 $998,250 (11.0%) $1,709,727 (1.4%) 2.97 3,718
    2021-01-01 $989,000 (10.7%) $1,747,263 (2.8%) 2.95 3,040
    2021-02-01 $999,498 (0.3%) $1,772,590 (1.5%) 2.91 3,232
    2021-03-01 $1,014,498 (1.6%) $1,858,285 (8.7%) 2.88 3,374
    2021-04-01 $1,049,500 (9.5%) $1,865,405 (21.6%) 2.84 3,460
    2021-05-01 $1,079,925 (8.0%) $1,871,223 (16.2%) 2.87 3,498
    2021-06-01 $1,062,750 (-1.5%) $1,795,584 (8.0%) 2.80 3,903
    2021-07-01 $999,000 (-8.5%) $1,685,355 (0.4%) 2.64 4,248
    2021-08-01 $995,000 (-5.2%) $1,642,094 (-1.9%) 2.65 4,270
    2021-09-01 $993,500 (-5.6%) $1,695,927 (1.2%) 2.65 4,607
    2021-10-01 $996,500 (-6.9%) $1,757,446 (5.0%) 2.66 4,573
    2021-11-01 $983,750 (-6.2%) $1,869,760 (12.5%) 2.63 3,551
    2021-12-01 $949,000 (-4.9%) $1,844,451 (7.9%) 2.57 2,331
    2022-01-01 $949,000 (-4.0%) $1,743,484 (-0.2%) 2.57 2,034
    2022-02-01 $992,000 (-0.8%) $1,754,739 (-1.0%) 2.58 2,482
    2022-03-01 $1,047,500 (3.3%) $1,732,477 (-6.8%) 2.62 3,008
    2022-04-01 $1,098,000 (4.6%) $1,752,732 (-6.0%) 2.62 3,395
    2022-05-01 $1,124,000 (4.1%) $1,731,909 (-7.5%) 2.57 4,616
    2022-06-01 $1,144,500 (7.7%) $1,717,936 (-4.3%) 2.55 5,680
    2022-07-01 $1,098,000 (9.9%) $1,627,106 (-3.5%) 2.48 6,245
    2022-08-01 $1,043,000 (4.8%) $1,568,280 (-4.5%) 2.41 5,969
    2022-09-01 $1,089,444 (9.7%) $1,647,284 (-2.9%) 2.55 5,923
    2022-10-01 $1,090,000 (9.4%) $1,692,939 (-3.7%) 2.56 6,027
    2022-11-01 $1,037,000 (5.4%) $1,690,579 (-9.6%) 2.49 5,369
    2022-12-01 $993,210 (4.7%) $1,666,894 (-9.6%) 2.45 3,656
    2023-01-01 $978,500 (3.1%) $1,644,241 (-5.7%) 2.42 2,987
    2023-02-01 $1,008,750 (1.7%) $1,759,086 (0.3%) 2.43 3,089
    2023-03-01 $1,080,000 (3.1%) $1,802,730 (4.1%) 2.54 3,163
    2023-04-01 $1,150,000 (4.7%) $1,885,548 (7.6%) 2.67 3,341
    San Francisco's median listing price for 2023-04-01 was $1,150,000, a difference of $52,000 (4.7%) versus the prior year and $70,000 versus the prior month.

    San Francisco's median listing price comes in at 267% of the national average.

    San Francisco's average listing price for 2023-04-01 was $1,885,548, a difference of $132,816 (7.6%) versus the prior year and $82,818 versus the prior month.

    For the 2023-04-01 period, San Francisco had 3,341 MLS listings, a difference of 178 listings (6%) versus the prior month and -54 listings (-2%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - San Francisco (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 31 days 1,719 sqft
    2018-02-01 19 days 1,741 sqft
    2018-03-01 21 days 1,763 sqft
    2018-04-01 23 days 1,798 sqft
    2018-05-01 21 days 1,811 sqft
    2018-06-01 24 days 1,785 sqft
    2018-07-01 29 days 1,743 sqft
    2018-08-01 30 days 1,714 sqft
    2018-09-01 27 days 1,696 sqft
    2018-10-01 31 days 1,694 sqft
    2018-11-01 37 days 1,664 sqft
    2018-12-01 50 days 1,620 sqft
    2019-01-01 49 days 1,605 sqft
    2019-02-01 26 days 1,642 sqft
    2019-03-01 28 days 1,717 sqft
    2019-04-01 27 days 1,778 sqft
    2019-05-01 26 days 1,821 sqft
    2019-06-01 32 days 1,795 sqft
    2019-07-01 36 days 1,763 sqft
    2019-08-01 41 days 1,786 sqft
    2019-09-01 43 days 1,810 sqft
    2019-10-01 37 days 1,705 sqft
    2019-11-01 50 days 1,698 sqft
    2019-12-01 68 days 1,708 sqft
    2020-01-01 54 days 1,682 sqft
    2020-02-01 23 days 1,720 sqft
    2020-03-01 25 days 1,754 sqft
    2020-04-01 39 days 1,756 sqft
    2020-05-01 32 days 1,760 sqft
    2020-06-01 32 days 1,713 sqft
    2020-07-01 33 days 1,635 sqft
    2020-08-01 36 days 1,586 sqft
    2020-09-01 36 days 1,549 sqft
    2020-10-01 35 days 1,541 sqft
    2020-11-01 45 days 1,519 sqft
    2020-12-01 57 days 1,489 sqft
    2021-01-01 51 days 1,462 sqft
    2021-02-01 28 days 1,482 sqft
    2021-03-01 29 days 1,524 sqft
    2021-04-01 30 days 1,550 sqft
    2021-05-01 28 days 1,573 sqft
    2021-06-01 28 days 1,555 sqft
    2021-07-01 27 days 1,548 sqft
    2021-08-01 29 days 1,546 sqft
    2021-09-01 29 days 1,534 sqft
    2021-10-01 30 days 1,515 sqft
    2021-11-01 39 days 1,497 sqft
    2021-12-01 48 days 1,452 sqft
    2022-01-01 38 days 1,419 sqft
    2022-02-01 19 days 1,453 sqft
    2022-03-01 22 days 1,507 sqft
    2022-04-01 23 days 1,536 sqft
    2022-05-01 23 days 1,572 sqft
    2022-06-01 25 days 1,600 sqft
    2022-07-01 31 days 1,582 sqft
    2022-08-01 36 days 1,570 sqft
    2022-09-01 38 days 1,594 sqft
    2022-10-01 38 days 1,606 sqft
    2022-11-01 46 days 1,592 sqft
    2022-12-01 62 days 1,560 sqft
    2023-01-01 64 days 1,552 sqft
    2023-02-01 33 days 1,557 sqft
    2023-03-01 34 days 1,572 sqft
    2023-04-01 32 days 1,625 sqft
    San Francisco's median listing age (time on market) for 2023-04-01 was 32 days. This is 39% longer than the same period one year ago.

    San Francisco's median square footage for active listings during the 2023-04-01 period was 1,625 sqft. One year prior, the average listing was 1,536 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).