Santa Rosa FHA Loan Rates, Closing Costs & Stats

SANTA ROSA-PETALUMA, 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.

    Santa Rosa's 70 lenders originated 458 FHA loans during 2024. The total origination value was $262,280,000, with an average FHA loan value of $572,664.

    Santa Rosa FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Santa Rosa averaged 6.68% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Santa Rosa's average FHA mortgage closing costs are $15,870.

    The average rate for the prior week (2025-03-28) was 6.38% and one month ago for the week of 2025-02-28, the average rate was 6.66%.

    The average rate one year ago was 6.98%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.24%.

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

    Santa Rosa 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 Santa Rosa level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 68 6.12% $21,419
    QUICKEN LOANS, LLC 32 5.98% $18,669
    CROSSCOUNTRY MORTGAGE, LLC 20 6.27% $25,521
    LOANDEPOT.COM, LLC 18 5.98% $24,025
    PENNYMAC LOAN SERVICES, LLC 15 5.82% $17,647
    BROKER SOLUTIONS, INC. 15 6.47% $22,079
    NEWREZ LLC 15 6.27% $18,297
    Century Mortgage Company DBA Century Lending Company 12 6.20% $18,326
    The Loan Store, Inc. 9 6.15% $20,088
    MORTGAGEONE, INC. 8 6.48% $19,994
    SECURITYNATIONAL MORTGAGE COMPANY 8 5.73% $20,018
    Sierra Pacific Mortgage Company, Inc. 5 6.33% $25,211
    EVERETT FINANCIAL, INC. 5 6.48% $31,226
    PACIFIC RESIDENTIAL MORTGAGE, LLC 5 6.33% $17,002
    Plains Commerce Bank 5 5.80% $25,254
    GUARANTEED RATE, INC. 5 6.00% $18,125
    GUILD MORTGAGE COMPANY 5 6.23% $20,116
    MASON MCDUFFIE MORTGAGE CORPORATION 5 6.40% $25,996
    Flagstar Bank, FSB 4 5.97% $18,288
    DHI MORTGAGE COMPANY, LTD. 4 5.78% $17,707
    Ameris Bank 4 5.75% $13,913
    OCMBC, INC. 4 6.13% $26,059
    NP, Inc. 4 6.78% $21,535
    AXIA FINANCIAL, LLC 4 6.63% $19,850
    Equity Prime Mortgage LLC 4 6.13% $18,367
    FREEDOM MORTGAGE CORPORATION 4 6.38% $16,795
    LAKEVIEW LOAN SERVICING, LLC 3 6.08% $9,992
    AHL FUNDING 3 6.38% $17,940
    Mr. Cooper ( Nationstar Mortgage ) 3 6.67% $24,177
    FIRST COLONY MORTGAGE CORPORATION 3 5.25% $23,183
    HOMEOWNERS FINANCIAL GROUP USA, LLC 3 6.71% $23,499
    CMG MORTGAGE, INC. 3 6.42% $18,368
    INSPIRE HOME LOANS INC. 3 6.29% $18,977
    Paramount Residential Mortgage Group, Inc. 3 5.71% $19,450
    PREMIER LENDING, INC. 3 6.33% $25,159
    MID AMERICA MORTGAGE, INC. 2 6.19% $9,223
    HOMEAMERICAN MORTGAGE CORPORATION 2 6.50% $16,262
    Franklin Loan Corporation 2 6.88% $18,219
    GUARANTEED RATE AFFINITY, LLC 2 6.00% $15,862
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 5.63% $21,012
    V.I.P. MORTGAGE, INC. 1 6.13% $17,918
    ALAMEDA MORTGAGE CORPORATION 1 5.63% $18,372
    AMERICAN FINANCIAL NETWORK, INC. 1 5.63% $20,452
    AMERICAN FINANCING CORPORATION 1 5.88% $30,367
    AmeriHome Mortgage Company, LLC 1 6.13% $15,883
    Bank of America 1 5.50% $28,593
    CARDINAL FINANCIAL 1 5.75% $11,020
    Commerce Home Mortgage, Inc. 1 6.38% $17,466
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.50% $18,756
    GENEVA FINANCIAL, LLC 1 6.50% $19,619
    Golden Empire Mortgage, Inc. 1 5.75% $16,225
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.00% $11,164
    Hometown Equity Mortgage, LLC 1 5.50% $15,943
    JMAC LENDING, INC. 1 6.25% $16,181
    LAND HOME FINANCIAL SERVICES, INC. 1 7.00% $20,032
    MOVEMENT MORTGAGE, LLC 1 7.25% $57,709
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.75% $21,014
    NBKC BANK 1 5.99% $19,160
    NEW DAY FINANCIAL, LLC 1 7.50% $10,951
    PANORAMA MORTGAGE GROUP, LLC 1 6.63% $20,764
    Performance Financial, Inc. 1 5.75% $27,834
    PLANET HOME LENDING, LLC 1 5.38% $11,732
    S1L, Inc. 1 7.13% $22,056
    SeaTrust Mortgage Company 1 5.63% $22,993
    ST FIN CORP 1 5.75% $31,065
    SUMMIT FUNDING, INC. 1 5.50% $29,347
    SUN WEST MORTGAGE COMPANY, INC. 1 5.50% $19,332
    Umpqua Bank 1 6.00% $38,111
    U.S. Bank 1 6.00% $34,134
    VILLAGE CAPITAL MORTGAGE 1 6.25% $13,003

    The top Santa Rosa FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 68 FHA loans originated. Their average total fees are $21,419, which is $2,750 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Santa Rosa FHA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC ($17,647), NEWREZ LLC ($18,297), Century Mortgage Company DBA Century Lending Company ($18,326), QUICKEN LOANS, LLC ($18,669) and UNITED WHOLESALE MORTGAGE, LLC ($21,419).

    The lowest rate Santa Rosa FHA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.82%), LOANDEPOT.COM, LLC (5.98%), QUICKEN LOANS, LLC (5.98%), UNITED WHOLESALE MORTGAGE, LLC (6.12%) and Century Mortgage Company DBA Century Lending Company (6.20%).

    Santa Rosa FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    SANTA ROSA-PETALUMA, CA SONOMA 2022 $764,750 $979,000 $1,183,400 $1,470,700
    SANTA ROSA-PETALUMA, CA SONOMA 2023 $861,350 $1,102,700 $1,332,900 $1,656,450

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Santa Rosa (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 $790,250 (10.6%) $1,231,307 (10.7%) 2.93 407
    2018-02-01 $797,000 (9.9%) $1,200,558 (7.7%) 2.89 444
    2018-03-01 $777,000 (4.7%) $1,196,027 (-0.8%) 2.73 524
    2018-04-01 $762,475 (0.0%) $1,189,317 (-9.9%) 2.59 617
    2018-05-01 $792,000 (2.5%) $1,273,397 (-0.8%) 2.64 760
    2018-06-01 $749,000 (-4.0%) $1,211,005 (-4.3%) 2.50 923
    2018-07-01 $736,000 (-2.5%) $1,150,500 (-6.5%) 2.46 1,086
    2018-08-01 $699,463 (-7.3%) $1,107,243 (-11.9%) 2.34 1,172
    2018-09-01 $709,500 (-10.8%) $1,100,755 (-14.5%) 2.38 1,208
    2018-10-01 $699,000 (-14.2%) $1,101,423 (-16.5%) 2.37 1,177
    2018-11-01 $699,000 (-15.6%) $1,115,671 (-18.6%) 2.37 1,105
    2018-12-01 $689,990 (-16.8%) $1,113,843 (-15.9%) 2.38 896
    2019-01-01 $681,500 (-13.8%) $1,078,741 (-12.4%) 2.35 725
    2019-02-01 $688,800 (-13.6%) $1,114,305 (-7.2%) 2.33 700
    2019-03-01 $720,857 (-7.2%) $1,201,613 (0.5%) 2.36 745
    2019-04-01 $757,500 (-0.7%) $1,259,293 (5.9%) 2.41 868
    2019-05-01 $791,000 (-0.1%) $1,331,851 (4.6%) 2.47 1,061
    2019-06-01 $799,000 (6.7%) $1,362,336 (12.5%) 2.50 1,179
    2019-07-01 $795,000 (8.0%) $1,332,934 (15.9%) 2.49 1,251
    2019-08-01 $774,182 (10.7%) $1,298,779 (17.3%) 2.45 1,250
    2019-09-01 $772,955 (8.9%) $1,289,903 (17.2%) 2.47 1,207
    2019-10-01 $773,136 (10.6%) $1,281,392 (16.3%) 2.49 1,166
    2019-11-01 $775,000 (10.9%) $1,277,479 (14.5%) 2.54 1,054
    2019-12-01 $770,650 (11.7%) $1,253,128 (12.5%) 2.57 771
    2020-01-01 $767,500 (12.6%) $1,194,224 (10.7%) 2.56 679
    2020-02-01 $792,068 (15.0%) $1,168,486 (4.9%) 2.59 725
    2020-03-01 $799,000 (10.8%) $1,205,979 (0.4%) 2.50 792
    2020-04-01 $781,944 (3.2%) $1,176,971 (-6.5%) 2.45 790
    2020-05-01 $769,000 (-2.8%) $1,146,057 (-14.0%) 2.34 999
    2020-06-01 $763,750 (-4.4%) $1,228,384 (-9.8%) 2.25 1,024
    2020-07-01 $784,248 (-1.4%) $1,299,527 (-2.5%) 2.27 899
    2020-08-01 $799,000 (3.2%) $1,337,303 (3.0%) 2.29 786
    2020-09-01 $808,500 (4.6%) $1,348,645 (4.6%) 2.32 704
    2020-10-01 $839,000 (8.5%) $1,371,691 (7.1%) 2.40 781
    2020-11-01 $809,975 (4.5%) $1,356,234 (6.2%) 2.37 807
    2020-12-01 $799,999 (3.8%) $1,351,133 (7.8%) 2.38 666
    2021-01-01 $799,000 (4.1%) $1,375,774 (15.2%) 2.39 556
    2021-02-01 $827,000 (4.4%) $1,427,661 (22.2%) 2.41 530
    2021-03-01 $822,000 (2.9%) $1,407,855 (16.7%) 2.33 563
    2021-04-01 $859,225 (9.9%) $1,463,127 (24.3%) 2.33 622
    2021-05-01 $887,000 (15.3%) $1,522,053 (32.8%) 2.36 680
    2021-06-01 $877,000 (14.8%) $1,530,392 (24.6%) 2.31 760
    2021-07-01 $865,000 (10.3%) $1,506,860 (16.0%) 2.28 763
    2021-08-01 $849,713 (6.4%) $1,464,681 (9.5%) 2.27 767
    2021-09-01 $875,000 (8.2%) $1,526,292 (13.2%) 2.33 744
    2021-10-01 $895,000 (6.7%) $1,602,360 (16.8%) 2.39 670
    2021-11-01 $897,000 (10.7%) $1,658,116 (22.3%) 2.40 500
    2021-12-01 $912,498 (14.1%) $1,733,710 (28.3%) 2.47 352
    2022-01-01 $929,000 (16.3%) $1,782,270 (29.6%) 2.51 257
    2022-02-01 $954,500 (15.4%) $1,817,970 (27.3%) 2.48 294
    2022-03-01 $989,500 (20.4%) $1,855,314 (31.8%) 2.48 369
    2022-04-01 $995,000 (15.8%) $1,918,519 (31.1%) 2.37 415
    2022-05-01 $975,000 (9.9%) $1,838,479 (20.8%) 2.23 547
    2022-06-01 $965,625 (10.1%) $1,831,919 (19.7%) 2.15 615
    2022-07-01 $950,000 (9.8%) $1,720,085 (14.2%) 2.14 688
    2022-08-01 $946,500 (11.4%) $1,689,838 (15.4%) 2.19 710
    2022-09-01 $940,500 (7.5%) $1,693,713 (11.0%) 2.20 718
    2022-10-01 $919,000 (2.7%) $1,748,368 (9.1%) 2.16 730
    2022-11-01 $932,225 (3.9%) $1,796,419 (8.3%) 2.24 643
    2022-12-01 $899,925 (-1.4%) $1,725,602 (-0.5%) 2.22 507
    2023-01-01 $917,500 (-1.2%) $1,786,403 (0.2%) 2.27 409
    2023-02-01 $951,225 (-0.3%) $1,802,208 (-0.9%) 2.30 398
    2023-03-01 $987,500 (-0.2%) $1,823,193 (-1.7%) 2.33 409
    2023-04-01 $1,149,000 (15.5%) $1,989,093 (3.7%) 2.67 452
    2023-05-01 $1,100,000 (12.8%) $1,990,353 (8.3%) 2.49 550
    2023-06-01 $1,125,000 (16.5%) $1,936,176 (5.7%) 2.53 651
    2023-07-01 $1,083,000 (14.0%) $1,865,096 (8.4%) 2.46 707
    2023-08-01 $1,067,500 (12.8%) $1,859,863 (10.1%) 2.45 700
    2023-09-01 $1,060,495 (12.8%) $1,894,260 (11.8%) 2.47 762
    2023-10-01 $1,058,250 (15.2%) $1,896,230 (8.5%) 2.49 767
    2023-11-01 $1,008,675 (8.2%) $1,894,571 (5.5%) 2.40 722
    2023-12-01 $972,490 (8.1%) $1,788,688 (3.7%) 2.37 537
    2024-01-01 $950,748 (3.6%) $1,759,251 (-1.5%) 2.32 453
    2024-02-01 $970,000 (2.0%) $1,842,492 (2.2%) 2.33 445
    2024-03-01 $989,000 (0.2%) $2,006,805 (10.1%) 2.33 503
    2024-04-01 $1,019,750 (-11.3%) $2,023,210 (1.7%) 2.37 655
    2024-05-01 $1,074,500 (-2.3%) $2,020,963 (1.5%) 2.44 839
    2024-06-01 $995,000 (-11.6%) $1,931,151 (-0.3%) 2.26 955
    2024-07-01 $997,498 (-7.9%) $1,933,505 (3.7%) 2.28 974
    2024-08-01 $995,000 (-6.8%) $1,899,640 (2.1%) 2.31 960
    2024-09-01 $1,039,255 (-2.0%) $1,927,853 (1.8%) 2.45 970
    2024-10-01 $1,018,498 (-3.8%) $1,933,382 (2.0%) 2.40 954
    2024-11-01 $1,000,000 (-0.9%) $1,978,781 (4.4%) 2.40 882
    2024-12-01 $974,748 (0.2%) $1,920,836 (7.4%) 2.42 698
    2025-01-01 $962,000 (1.2%) $1,828,862 (4.0%) 2.40 592
    2025-02-01 $944,000 (-2.7%) $1,731,417 (-6.0%) 2.29 661
    2025-03-01 $940,000 (-5.0%) $1,679,533 (-16.3%) 0.00 804
    Santa Rosa's median listing price for 2025-03-01 was $940,000, a difference of $-49,000 (-5.0%) versus the prior year and $-4,000 versus the prior month.

    Santa Rosa's median listing price comes in at 0% of the national average.

    Santa Rosa's average listing price for 2025-03-01 was $1,679,533, a difference of $-327,272 (-16.3%) versus the prior year and $-51,884 versus the prior month.

    For the 2025-03-01 period, Santa Rosa had 804 MLS listings, a difference of 143 listings (22%) versus the prior month and 301 listings (60%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Santa Rosa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 46 days 1,729 sqft
    2018-02-01 29 days 1,834 sqft
    2018-03-01 26 days 1,795 sqft
    2018-04-01 25 days 1,759 sqft
    2018-05-01 28 days 1,758 sqft
    2018-06-01 31 days 1,748 sqft
    2018-07-01 34 days 1,726 sqft
    2018-08-01 41 days 1,698 sqft
    2018-09-01 45 days 1,700 sqft
    2018-10-01 52 days 1,700 sqft
    2018-11-01 54 days 1,700 sqft
    2018-12-01 65 days 1,682 sqft
    2019-01-01 77 days 1,659 sqft
    2019-02-01 71 days 1,668 sqft
    2019-03-01 56 days 1,692 sqft
    2019-04-01 34 days 1,734 sqft
    2019-05-01 34 days 1,799 sqft
    2019-06-01 43 days 1,811 sqft
    2019-07-01 47 days 1,810 sqft
    2019-08-01 54 days 1,812 sqft
    2019-09-01 61 days 1,816 sqft
    2019-10-01 66 days 1,819 sqft
    2019-11-01 75 days 1,808 sqft
    2019-12-01 86 days 1,798 sqft
    2020-01-01 94 days 1,811 sqft
    2020-02-01 68 days 1,849 sqft
    2020-03-01 48 days 1,910 sqft
    2020-04-01 55 days 1,861 sqft
    2020-05-01 57 days 1,857 sqft
    2020-06-01 45 days 1,862 sqft
    2020-07-01 52 days 1,873 sqft
    2020-08-01 51 days 1,905 sqft
    2020-09-01 53 days 1,876 sqft
    2020-10-01 45 days 1,883 sqft
    2020-11-01 43 days 1,845 sqft
    2020-12-01 56 days 1,815 sqft
    2021-01-01 67 days 1,839 sqft
    2021-02-01 54 days 1,865 sqft
    2021-03-01 42 days 1,872 sqft
    2021-04-01 44 days 1,897 sqft
    2021-05-01 42 days 1,903 sqft
    2021-06-01 42 days 1,885 sqft
    2021-07-01 47 days 1,870 sqft
    2021-08-01 51 days 1,845 sqft
    2021-09-01 54 days 1,872 sqft
    2021-10-01 57 days 1,884 sqft
    2021-11-01 61 days 1,931 sqft
    2021-12-01 70 days 1,934 sqft
    2022-01-01 60 days 1,926 sqft
    2022-02-01 35 days 1,889 sqft
    2022-03-01 37 days 1,871 sqft
    2022-04-01 40 days 1,908 sqft
    2022-05-01 39 days 1,893 sqft
    2022-06-01 44 days 1,897 sqft
    2022-07-01 47 days 1,886 sqft
    2022-08-01 52 days 1,849 sqft
    2022-09-01 57 days 1,843 sqft
    2022-10-01 61 days 1,841 sqft
    2022-11-01 65 days 1,850 sqft
    2022-12-01 79 days 1,824 sqft
    2023-01-01 85 days 1,831 sqft
    2023-02-01 69 days 1,881 sqft
    2023-03-01 51 days 1,906 sqft
    2023-04-01 51 days 1,991 sqft
    2023-05-01 44 days 1,996 sqft
    2023-06-01 47 days 2,022 sqft
    2023-07-01 42 days 1,955 sqft
    2023-08-01 46 days 1,979 sqft
    2023-09-01 46 days 2,004 sqft
    2023-10-01 48 days 2,000 sqft
    2023-11-01 55 days 1,974 sqft
    2023-12-01 68 days 1,937 sqft
    2024-01-01 73 days 1,908 sqft
    2024-02-01 57 days 1,922 sqft
    2024-03-01 35 days 1,918 sqft
    2024-04-01 30 days 1,963 sqft
    2024-05-01 30 days 1,991 sqft
    2024-06-01 38 days 1,898 sqft
    2024-07-01 48 days 1,909 sqft
    2024-08-01 54 days 1,875 sqft
    2024-09-01 54 days 1,905 sqft
    2024-10-01 54 days 1,927 sqft
    2024-11-01 63 days 1,931 sqft
    2024-12-01 74 days 1,919 sqft
    2025-01-01 78 days 1,890 sqft
    2025-02-01 48 days 1,858 sqft
    2025-03-01 0 days 1,841 sqft
    Santa Rosa's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Santa Rosa's median square footage for active listings during the 2025-03-01 period was 1,841 sqft. One year prior, the average listing was 1,918 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).