Santa Rosa FHA Loan Rates, Closing Costs & Stats
SANTA ROSA-PETALUMA, 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.
Santa Rosa's 84 lenders originated 1,046 FHA loans during 2021. The total origination value was $507,990,000, with an average FHA loan value of $485,650.
Santa Rosa FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Santa Rosa
averaged
0.07%
for the week of 2023-01-20, compared to the national average (all FHA variants) of
0% for the same period.
Santa Rosa's average FHA mortgage closing costs are $14,132.
The average rate for the prior week (2023-01-13) was
5.89% and
one month ago for the week of 2022-12-16, the
average rate was 6.28%.
The average rate one year ago was 3.58%.
For refis of the same type during the week of 2023-01-20, the average rate
was -0.2%.
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.
The top Santa Rosa FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
59 FHA loans originated. Their average total fees are
$13,011, which is $4,718
lower than the next largest lender,
CROSSCOUNTRY MORTGAGE, LLC.
The lowest fee Santa Rosa FHA lenders (with over 10 loans originated) are
VILLAGE CAPITAL MORTGAGE ($6,032), Mr. Cooper ( Nationstar Mortgage ) ($7,900), LAKEVIEW LOAN SERVICING, LLC ($8,514), PENNYMAC LOAN SERVICES, LLC ($9,271) and FREEDOM MORTGAGE CORPORATION ($9,987).
The lowest rate Santa Rosa FHA lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (2.62%), VILLAGE CAPITAL MORTGAGE (2.62%), HOME POINT FINANCIAL CORPORATION (2.63%), FREEDOM MORTGAGE CORPORATION (2.64%) and UNITED WHOLESALE MORTGAGE, LLC (2.67%).
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 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Santa Rosa (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $790,250 (10.8%) | $1,231,307 (10.9%) | 2.93 | 407 |
2018-02-01 | $797,000 (9.9%) | $1,200,558 (8.3%) | 2.89 | 444 |
2018-03-01 | $777,000 (5.4%) | $1,196,027 (0.1%) | 2.73 | 524 |
2018-04-01 | $762,475 (0.3%) | $1,189,317 (-9.6%) | 2.58 | 617 |
2018-05-01 | $792,000 (2.6%) | $1,273,397 (-0.6%) | 2.64 | 760 |
2018-06-01 | $749,000 (-3.9%) | $1,211,005 (-3.8%) | 2.50 | 923 |
2018-07-01 | $736,000 (-1.9%) | $1,150,500 (-6.3%) | 2.46 | 1,086 |
2018-08-01 | $699,475 (-7.3%) | $1,107,502 (-11.8%) | 2.34 | 1,172 |
2018-09-01 | $709,500 (-10.6%) | $1,101,240 (-14.4%) | 2.38 | 1,208 |
2018-10-01 | $699,000 (-14.2%) | $1,101,160 (-16.4%) | 2.36 | 1,177 |
2018-11-01 | $699,000 (-15.6%) | $1,116,805 (-18.5%) | 2.37 | 1,105 |
2018-12-01 | $689,990 (-16.8%) | $1,114,312 (-15.8%) | 2.38 | 896 |
2019-01-01 | $682,000 (-13.7%) | $1,079,414 (-12.3%) | 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%) | $1,201,831 (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 (17.1%) | 2.47 | 1,207 |
2019-10-01 | $773,136 (10.6%) | $1,281,677 (16.4%) | 2.49 | 1,166 |
2019-11-01 | $775,000 (10.9%) | $1,277,479 (14.4%) | 2.54 | 1,054 |
2019-12-01 | $770,650 (11.7%) | $1,253,128 (12.5%) | 2.57 | 771 |
2020-01-01 | $767,500 (12.5%) | $1,194,224 (10.6%) | 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 (7.0%) | 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%) | $1,351,295 (7.8%) | 2.38 | 666 |
2021-01-01 | $799,000 (4.1%) | $1,375,774 (15.2%) | 2.39 | 556 |
2021-02-01 | $830,944 (4.9%) | $1,429,335 (22.3%) | 2.42 | 530 |
2021-03-01 | $822,000 (2.9%) | $1,408,264 (16.8%) | 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%) | $1,523,123 (32.9%) | 2.35 | 678 |
2021-06-01 | $877,000 (14.8%) | $1,526,730 (24.3%) | 2.31 | 757 |
2021-07-01 | $865,000 (10.3%) | $1,507,880 (16.0%) | 2.28 | 760 |
2021-08-01 | $849,988 (6.4%) | $1,468,555 (9.8%) | 2.27 | 765 |
2021-09-01 | $875,000 (8.2%) | $1,528,602 (13.3%) | 2.33 | 742 |
2021-10-01 | $896,500 (6.9%) | $1,600,888 (16.7%) | 2.39 | 669 |
2021-11-01 | $897,000 (10.7%) | $1,659,822 (22.4%) | 2.40 | 499 |
2021-12-01 | $915,745 (14.5%) | $1,734,824 (28.4%) | 2.48 | 352 |
2022-01-01 | $929,000 (16.3%) | $1,768,326 (28.5%) | 2.51 | 257 |
2022-02-01 | $954,500 (14.9%) | $1,817,970 (27.2%) | 2.48 | 294 |
2022-03-01 | $989,500 (20.4%) | $1,855,621 (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%) | $1,839,120 (20.8%) | 2.23 | 547 |
2022-06-01 | $965,625 (10.1%) | $1,831,919 (20.0%) | 2.15 | 615 |
2022-07-01 | $959,000 (10.9%) | $1,722,565 (14.2%) | 2.17 | 688 |
2022-08-01 | $949,000 (11.7%) | $1,689,838 (15.1%) | 2.19 | 710 |
2022-09-01 | $942,000 (7.7%) | $1,694,209 (10.8%) | 2.20 | 718 |
2022-10-01 | $919,000 (2.5%) | $1,748,368 (9.2%) | 2.16 | 730 |
2022-11-01 | $932,225 (3.9%) | $1,796,419 (8.2%) | 2.24 | 643 |
2022-12-01 | $899,000 (-1.8%) | $1,718,122 (-1.0%) | 2.25 | 511 |
Santa Rosa's median listing price comes in at 225% of the national average.
Santa Rosa's average listing price for 2022-12-01 was $1,718,122, a difference of $-16,702 (-1.0%) versus the prior year and $-78,297 versus the prior month.
For the 2022-12-01 period, Santa Rosa had 511 MLS listings, a difference of -132 listings (-21%) versus the prior month and 159 listings (45%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Santa Rosa (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 47 days | 1,740 sqft |
2018-02-01 | 30 days | 1,837 sqft |
2018-03-01 | 29 days | 1,795 sqft |
2018-04-01 | 26 days | 1,760 sqft |
2018-05-01 | 30 days | 1,755 sqft |
2018-06-01 | 32 days | 1,748 sqft |
2018-07-01 | 35 days | 1,726 sqft |
2018-08-01 | 43 days | 1,699 sqft |
2018-09-01 | 47 days | 1,700 sqft |
2018-10-01 | 52 days | 1,700 sqft |
2018-11-01 | 54 days | 1,700 sqft |
2018-12-01 | 67 days | 1,683 sqft |
2019-01-01 | 79 days | 1,659 sqft |
2019-02-01 | 73 days | 1,668 sqft |
2019-03-01 | 57 days | 1,693 sqft |
2019-04-01 | 37 days | 1,735 sqft |
2019-05-01 | 36 days | 1,799 sqft |
2019-06-01 | 44 days | 1,811 sqft |
2019-07-01 | 49 days | 1,810 sqft |
2019-08-01 | 55 days | 1,811 sqft |
2019-09-01 | 62 days | 1,814 sqft |
2019-10-01 | 69 days | 1,816 sqft |
2019-11-01 | 79 days | 1,802 sqft |
2019-12-01 | 90 days | 1,794 sqft |
2020-01-01 | 96 days | 1,806 sqft |
2020-02-01 | 73 days | 1,848 sqft |
2020-03-01 | 51 days | 1,908 sqft |
2020-04-01 | 56 days | 1,857 sqft |
2020-05-01 | 59 days | 1,855 sqft |
2020-06-01 | 49 days | 1,862 sqft |
2020-07-01 | 55 days | 1,871 sqft |
2020-08-01 | 54 days | 1,901 sqft |
2020-09-01 | 58 days | 1,871 sqft |
2020-10-01 | 47 days | 1,883 sqft |
2020-11-01 | 46 days | 1,843 sqft |
2020-12-01 | 58 days | 1,814 sqft |
2021-01-01 | 71 days | 1,840 sqft |
2021-02-01 | 60 days | 1,864 sqft |
2021-03-01 | 44 days | 1,872 sqft |
2021-04-01 | 45 days | 1,896 sqft |
2021-05-01 | 43 days | 1,903 sqft |
2021-06-01 | 43 days | 1,884 sqft |
2021-07-01 | 48 days | 1,870 sqft |
2021-08-01 | 52 days | 1,845 sqft |
2021-09-01 | 55 days | 1,877 sqft |
2021-10-01 | 58 days | 1,884 sqft |
2021-11-01 | 63 days | 1,933 sqft |
2021-12-01 | 73 days | 1,933 sqft |
2022-01-01 | 63 days | 1,913 sqft |
2022-02-01 | 36 days | 1,887 sqft |
2022-03-01 | 39 days | 1,870 sqft |
2022-04-01 | 43 days | 1,906 sqft |
2022-05-01 | 41 days | 1,889 sqft |
2022-06-01 | 46 days | 1,893 sqft |
2022-07-01 | 49 days | 1,878 sqft |
2022-08-01 | 54 days | 1,848 sqft |
2022-09-01 | 60 days | 1,840 sqft |
2022-10-01 | 64 days | 1,840 sqft |
2022-11-01 | 69 days | 1,851 sqft |
2022-12-01 | 83 days | 1,827 sqft |
Santa Rosa's median square footage for active listings during the 2022-12-01 period was 1,827 sqft. One year prior, the average listing was 1,933 sqft.