Sonora FHA Loan Rates, Closing Costs & Stats

Sonora, 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.

    Sonora's 35 lenders originated 143 FHA loans during 2024. The total origination value was $46,695,000, with an average FHA loan value of $326,538.

    Sonora FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Sonora averaged 7.06% for the week of 2025-05-23, compared to the national average (all FHA variants) of 6.612% for the same period.

    Sonora's average FHA mortgage closing costs are $9,612.

    The average rate for the prior week (2025-05-16) was 6.79% and one month ago for the week of 2025-04-18, the average rate was 6.91%.

    The average rate one year ago was 6.99%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.33%.

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

    Sonora 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 Sonora level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 34 6.72% $13,332
    UNITED WHOLESALE MORTGAGE, LLC 17 6.24% $12,287
    QUICKEN LOANS, LLC 12 6.37% $13,429
    CROSSCOUNTRY MORTGAGE, LLC 7 6.56% $15,158
    BROKER SOLUTIONS, INC. 4 6.91% $13,998
    The Loan Store, Inc. 4 6.09% $12,705
    PRIMARY RESIDENTIAL MORTGAGE, INC. 4 6.88% $4,024
    Equity Prime Mortgage LLC 3 6.25% $15,005
    LAKEVIEW LOAN SERVICING, LLC 3 6.38% $8,260
    Sierra Pacific Mortgage Company, Inc. 3 6.00% $16,805
    LOANDEPOT.COM, LLC 2 6.25% $13,350
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.44% $18,302
    Century Mortgage Company DBA Century Lending Company 2 6.06% $12,630
    PENNYMAC LOAN SERVICES, LLC 2 5.94% $8,584
    PLAZA HOME MORTGAGE, INC. 2 6.94% $12,648
    INFINITY EQUITY GROUP, INC. 1 6.75% $17,104
    CMG MORTGAGE, INC. 1 6.99% $11,001
    AHL FUNDING 1 6.25% $11,947
    LOANPAL, LLC 1 6.25% $10,486
    MASON MCDUFFIE MORTGAGE CORPORATION 1 6.63% $14,412
    MID AMERICA MORTGAGE, INC. 1 6.63% $20,150
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.25% $16,825
    NEWREZ LLC 1 6.63% $11,964
    Paramount Residential Mortgage Group, Inc. 1 6.63% $11,898
    AMERISAVE MORTGAGE CORPORATION 1 6.75% $10,946
    AMERICAN FINANCIAL NETWORK, INC. 1 6.25% $12,201
    CHURCHILL MORTGAGE CORPORATION 1 5.75% $20,753
    CASTLE & COOKE MORTGAGE, LLC 1 7.75% $8,947
    SCENIC OAKS FUNDING, INC. 1 6.75% $13,629
    SECURITYNATIONAL MORTGAGE COMPANY 1 5.63% $13,252
    Barrington Bank & Trust Company, N.A. 1 6.63% $13,393
    SUN WEST MORTGAGE COMPANY, INC. 1 6.75% $13,603
    The Federal Savings Bank 1 5.25% $24,763
    FREEDOM MORTGAGE CORPORATION 1 6.25% $11,139
    GUARANTEED RATE, INC. 1 6.75% $11,146

    The top Sonora FHA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 34 FHA loans originated. Their average total fees are $13,332, which is $1,044 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Sonora FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($12,287), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($13,332), QUICKEN LOANS, LLC ($13,429), .

    The lowest rate Sonora FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.24%), QUICKEN LOANS, LLC (6.37%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.72%), .

    Sonora FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    SONORA, CA TUOLUMNE 2022 $420,680 $538,650 $651,050 $809,150
    SONORA, CA TUOLUMNE 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Sonora (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 $324,500 (3.0%) $388,470 (-0.4%) 0.00 312
    2018-02-01 $325,000 (3.7%) $400,783 (1.8%) 0.00 295
    2018-03-01 $325,000 (2.4%) $399,730 (0.1%) 0.00 310
    2018-04-01 $344,250 (5.9%) $419,193 (5.5%) 0.00 325
    2018-05-01 $349,950 (7.7%) $436,029 (8.5%) 0.00 361
    2018-06-01 $350,000 (6.4%) $435,669 (10.2%) 0.00 415
    2018-07-01 $349,250 (7.5%) $423,195 (10.7%) 0.00 498
    2018-08-01 $348,000 (7.1%) $421,631 (8.7%) 0.00 523
    2018-09-01 $339,000 (6.1%) $414,825 (7.1%) 0.00 530
    2018-10-01 $336,875 (6.3%) $406,759 (3.0%) 0.00 506
    2018-11-01 $339,000 (9.7%) $405,100 (4.2%) 0.00 466
    2018-12-01 $329,000 (6.5%) $400,151 (5.0%) 0.00 425
    2019-01-01 $334,200 (3.0%) $408,435 (5.1%) 0.00 342
    2019-02-01 $329,450 (1.4%) $403,979 (0.8%) 0.00 331
    2019-03-01 $333,693 (2.7%) $410,123 (2.6%) 0.00 348
    2019-04-01 $339,475 (-1.4%) $416,794 (-0.6%) 0.00 397
    2019-05-01 $347,225 (-0.8%) $428,450 (-1.7%) 0.00 476
    2019-06-01 $354,725 (1.4%) $432,958 (-0.6%) 0.00 547
    2019-07-01 $349,800 (0.2%) $420,551 (-0.6%) 0.00 613
    2019-08-01 $346,636 (-0.4%) $416,210 (-1.3%) 0.00 630
    2019-09-01 $342,341 (1.0%) $415,306 (0.1%) 0.00 626
    2019-10-01 $342,477 (1.7%) $414,679 (2.0%) 0.00 613
    2019-11-01 $339,000 (0.0%) $415,095 (2.5%) 0.00 555
    2019-12-01 $336,000 (2.1%) $427,851 (6.9%) 0.00 474
    2020-01-01 $329,000 (-1.6%) $426,047 (4.3%) 0.00 363
    2020-02-01 $329,450 (0.0%) $428,953 (6.2%) 0.00 349
    2020-03-01 $339,250 (1.7%) $423,493 (3.3%) 0.00 365
    2020-04-01 $336,350 (-0.9%) $420,924 (1.0%) 0.00 351
    2020-05-01 $338,500 (-2.5%) $424,892 (-0.8%) 0.00 352
    2020-06-01 $359,750 (1.4%) $436,438 (0.8%) 0.00 338
    2020-07-01 $369,963 (5.8%) $445,957 (6.0%) 0.00 319
    2020-08-01 $379,600 (9.5%) $461,660 (10.9%) 0.00 253
    2020-09-01 $376,750 (10.1%) $543,551 (30.9%) 0.00 245
    2020-10-01 $375,000 (9.5%) $543,205 (31.0%) 0.00 250
    2020-11-01 $397,000 (17.1%) $492,644 (18.7%) 0.00 221
    2020-12-01 $399,925 (19.0%) $516,574 (20.7%) 0.00 193
    2021-01-01 $435,000 (32.2%) $544,232 (27.7%) 0.00 165
    2021-02-01 $470,000 (42.7%) $588,717 (37.3%) 0.00 131
    2021-03-01 $474,750 (39.9%) $559,712 (32.2%) 0.00 132
    2021-04-01 $449,998 (33.8%) $534,312 (26.9%) 0.00 160
    2021-05-01 $448,500 (32.5%) $522,519 (23.0%) 0.00 178
    2021-06-01 $455,475 (26.6%) $532,597 (22.0%) 0.00 199
    2021-07-01 $449,999 (21.6%) $533,063 (19.5%) 0.00 207
    2021-08-01 $441,100 (16.2%) $519,087 (12.4%) 0.00 231
    2021-09-01 $432,500 (14.8%) $517,751 (-4.8%) 0.00 249
    2021-10-01 $437,000 (16.5%) $534,538 (-1.6%) 0.00 265
    2021-11-01 $457,500 (15.2%) $565,975 (14.9%) 0.00 239
    2021-12-01 $479,894 (20.0%) $594,450 (15.1%) 0.00 187
    2022-01-01 $497,475 (14.4%) $626,495 (15.1%) 0.00 131
    2022-02-01 $495,000 (5.3%) $638,177 (8.4%) 0.00 118
    2022-03-01 $499,250 (5.2%) $624,496 (11.6%) 0.00 140
    2022-04-01 $491,500 (9.2%) $595,714 (11.5%) 0.00 159
    2022-05-01 $480,167 (7.1%) $1,251,470 (139.5%) 0.00 213
    2022-06-01 $472,500 (3.7%) $579,121 (8.7%) 0.00 265
    2022-07-01 $459,000 (2.0%) $549,897 (3.2%) 0.00 314
    2022-08-01 $449,450 (1.9%) $528,339 (1.8%) 0.00 343
    2022-09-01 $448,000 (3.6%) $532,593 (2.9%) 0.00 318
    2022-10-01 $449,000 (2.8%) $534,937 (0.1%) 0.00 314
    2022-11-01 $434,500 (-5.0%) $531,445 (-6.1%) 0.00 300
    2022-12-01 $440,450 (-8.2%) $541,607 (-8.9%) 0.00 246
    2023-01-01 $429,950 (-13.6%) $543,852 (-13.2%) 0.00 199
    2023-02-01 $449,000 (-9.3%) $558,531 (-12.5%) 0.00 180
    2023-03-01 $454,950 (-8.9%) $571,613 (-8.5%) 0.00 150
    2023-04-01 $469,000 (-4.6%) $584,771 (-1.8%) 0.00 163
    2023-05-01 $479,750 (-0.1%) $607,182 (-51.5%) 0.00 196
    2023-06-01 $489,875 (3.7%) $594,302 (2.6%) 0.00 258
    2023-07-01 $489,000 (6.5%) $570,103 (3.7%) 0.00 281
    2023-08-01 $456,999 (1.7%) $560,130 (6.0%) 0.00 303
    2023-09-01 $449,000 (0.2%) $541,600 (1.7%) 0.00 320
    2023-10-01 $449,000 (0.0%) $535,897 (0.2%) 0.00 340
    2023-11-01 $436,750 (0.5%) $527,214 (-0.8%) 0.00 338
    2023-12-01 $426,250 (-3.2%) $529,449 (-2.2%) 0.00 287
    2024-01-01 $429,999 (0.0%) $518,380 (-4.7%) 0.00 230
    2024-02-01 $423,500 (-5.7%) $517,177 (-7.4%) 0.00 205
    2024-03-01 $444,500 (-2.3%) $537,855 (-5.9%) 0.00 218
    2024-04-01 $450,000 (-4.1%) $555,835 (-5.0%) 0.00 267
    2024-05-01 $465,000 (-3.1%) $574,691 (-5.4%) 0.00 309
    2024-06-01 $472,950 (-3.5%) $574,286 (-3.4%) 0.00 358
    2024-07-01 $465,000 (-4.9%) $562,717 (-1.3%) 0.00 419
    2024-08-01 $469,000 (2.6%) $561,843 (0.3%) 0.00 424
    2024-09-01 $467,000 (4.0%) $559,014 (3.2%) 0.00 437
    2024-10-01 $454,000 (1.1%) $545,249 (1.8%) 0.00 448
    2024-11-01 $447,750 (2.5%) $528,841 (0.3%) 0.00 428
    2024-12-01 $428,469 (0.5%) $515,414 (-2.7%) 0.00 401
    2025-01-01 $422,000 (-1.9%) $507,912 (-2.0%) 0.00 321
    2025-02-01 $429,208 (1.4%) $525,506 (1.6%) 0.00 336
    2025-03-01 $430,000 (-3.3%) $536,403 (-0.3%) 0.00 370
    2025-04-01 $449,900 (0.0%) $540,735 (-2.7%) 0.00 405
    Sonora's median listing price for 2025-04-01 was $449,900, a difference of $-100 (0.0%) versus the prior year and $19,900 versus the prior month.

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

    Sonora's average listing price for 2025-04-01 was $540,735, a difference of $-15,100 (-2.7%) versus the prior year and $4,332 versus the prior month.

    For the 2025-04-01 period, Sonora had 405 MLS listings, a difference of 35 listings (9%) versus the prior month and 138 listings (52%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Sonora (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,731 sqft
    2018-02-01 0 days 1,743 sqft
    2018-03-01 0 days 1,750 sqft
    2018-04-01 0 days 1,775 sqft
    2018-05-01 0 days 1,841 sqft
    2018-06-01 0 days 1,873 sqft
    2018-07-01 0 days 1,792 sqft
    2018-08-01 0 days 1,774 sqft
    2018-09-01 0 days 1,786 sqft
    2018-10-01 0 days 1,760 sqft
    2018-11-01 0 days 1,782 sqft
    2018-12-01 0 days 1,762 sqft
    2019-01-01 0 days 1,798 sqft
    2019-02-01 0 days 1,760 sqft
    2019-03-01 0 days 1,790 sqft
    2019-04-01 0 days 1,815 sqft
    2019-05-01 0 days 1,840 sqft
    2019-06-01 0 days 1,844 sqft
    2019-07-01 0 days 1,819 sqft
    2019-08-01 0 days 1,811 sqft
    2019-09-01 0 days 1,816 sqft
    2019-10-01 0 days 1,822 sqft
    2019-11-01 0 days 1,801 sqft
    2019-12-01 0 days 1,803 sqft
    2020-01-01 0 days 1,793 sqft
    2020-02-01 0 days 1,780 sqft
    2020-03-01 0 days 1,765 sqft
    2020-04-01 0 days 1,789 sqft
    2020-05-01 0 days 1,772 sqft
    2020-06-01 0 days 1,813 sqft
    2020-07-01 0 days 1,816 sqft
    2020-08-01 0 days 1,784 sqft
    2020-09-01 0 days 1,788 sqft
    2020-10-01 0 days 1,786 sqft
    2020-11-01 0 days 1,797 sqft
    2020-12-01 0 days 1,801 sqft
    2021-01-01 0 days 1,812 sqft
    2021-02-01 0 days 1,808 sqft
    2021-03-01 0 days 1,813 sqft
    2021-04-01 0 days 1,788 sqft
    2021-05-01 0 days 1,794 sqft
    2021-06-01 0 days 1,786 sqft
    2021-07-01 0 days 1,777 sqft
    2021-08-01 0 days 1,717 sqft
    2021-09-01 0 days 1,719 sqft
    2021-10-01 0 days 1,710 sqft
    2021-11-01 0 days 1,809 sqft
    2021-12-01 0 days 1,839 sqft
    2022-01-01 0 days 1,848 sqft
    2022-02-01 0 days 1,794 sqft
    2022-03-01 0 days 1,878 sqft
    2022-04-01 0 days 1,820 sqft
    2022-05-01 0 days 1,761 sqft
    2022-06-01 0 days 1,810 sqft
    2022-07-01 0 days 1,759 sqft
    2022-08-01 0 days 1,759 sqft
    2022-09-01 0 days 1,771 sqft
    2022-10-01 0 days 1,738 sqft
    2022-11-01 0 days 1,721 sqft
    2022-12-01 0 days 1,721 sqft
    2023-01-01 0 days 1,664 sqft
    2023-02-01 0 days 1,743 sqft
    2023-03-01 0 days 1,781 sqft
    2023-04-01 0 days 1,748 sqft
    2023-05-01 0 days 1,792 sqft
    2023-06-01 0 days 1,829 sqft
    2023-07-01 0 days 1,801 sqft
    2023-08-01 0 days 1,797 sqft
    2023-09-01 0 days 1,736 sqft
    2023-10-01 0 days 1,732 sqft
    2023-11-01 0 days 1,696 sqft
    2023-12-01 0 days 1,680 sqft
    2024-01-01 0 days 1,650 sqft
    2024-02-01 0 days 1,620 sqft
    2024-03-01 0 days 1,685 sqft
    2024-04-01 0 days 1,726 sqft
    2024-05-01 0 days 1,753 sqft
    2024-06-01 0 days 1,804 sqft
    2024-07-01 0 days 1,819 sqft
    2024-08-01 0 days 1,812 sqft
    2024-09-01 0 days 1,809 sqft
    2024-10-01 0 days 1,716 sqft
    2024-11-01 0 days 1,714 sqft
    2024-12-01 0 days 1,651 sqft
    2025-01-01 0 days 1,638 sqft
    2025-02-01 0 days 1,641 sqft
    2025-03-01 0 days 1,659 sqft
    2025-04-01 0 days 1,713 sqft
    Sonora's median listing age (time on market) for 2025-04-01 was 0 days.

    Sonora's median square footage for active listings during the 2025-04-01 period was 1,713 sqft. One year prior, the average listing was 1,726 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).