Stockton FHA Loan Rates, Closing Costs & Stats

STOCKTON, 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.

Stockton's 142 lenders originated 2,285 FHA loans during 2022. The total origination value was $907,275,000, with an average FHA loan value of $397,057.

Stockton FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Stockton averaged 5.86% for the week of 2023-05-26, compared to the national average (all FHA variants) of 6.612% for the same period.

Stockton's average FHA mortgage closing costs are $11,123.

The average rate for the prior week (2023-05-19) was 5.73% and one month ago for the week of 2023-04-21, the average rate was 5.98%.

The average rate one year ago was 4.89%.

For refis of the same type during the week of 2023-05-26, the average rate was 4.67%.

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

Stockton 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 Stockton level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 256 4.50% $14,100
QUICKEN LOANS, LLC 127 4.43% $13,320
LOANDEPOT.COM, LLC 106 4.67% $13,906
CALIBER HOME LOANS, INC. 77 4.20% $14,777
AMERICAN PACIFIC MORTGAGE CORPORATION 76 4.89% $15,520
SUMMIT FUNDING, INC. 72 5.04% $17,055
FINANCE OF AMERICA MORTGAGE LLC 71 4.63% $16,596
HOME POINT FINANCIAL CORPORATION 61 4.17% $12,749
CROSSCOUNTRY MORTGAGE, LLC 56 5.28% $16,465
DHI MORTGAGE COMPANY, LTD. 53 4.70% $13,781
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 43 4.82% $14,473
FREEDOM MORTGAGE CORPORATION 37 4.60% $14,399
Paramount Residential Mortgage Group, Inc. 36 4.90% $15,779
KBHS HOME LOANS, LLC 33 5.13% $21,834
HOMEOWNERS FINANCIAL GROUP USA, LLC 32 5.11% $16,474
Commerce Home Mortgage, Inc. 30 4.71% $14,764
SCENIC OAKS FUNDING, INC. 24 4.49% $16,359
PENNYMAC LOAN SERVICES, LLC 23 4.17% $11,930
Carrington Mortgage Services, LLC 23 4.98% $14,987
LAKEVIEW LOAN SERVICING, LLC 22 3.83% $11,184
PRIMARY RESIDENTIAL MORTGAGE, INC. 21 5.10% $18,663
Mr. Cooper ( Nationstar Mortgage ) 20 3.81% $17,046
ROUNDPOINT MORTGAGE SERVICING CORPORATION 20 4.71% $12,419
GUILD MORTGAGE COMPANY 20 5.44% $19,499
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 19 4.38% $16,803
HOMEAMERICAN MORTGAGE CORPORATION 19 4.49% $9,629
EVERETT FINANCIAL, INC. 19 5.43% $10,405
RESIDENTIAL BANCORP. 18 4.55% $15,288
NATIONS DIRECT MORTGAGE, LLC 17 4.34% $12,742
Sierra Pacific Mortgage Company, Inc. 17 4.82% $16,387
HOMEBRIDGE FINANCIAL SERVICES, INC. 17 4.48% $14,382
AMERISAVE MORTGAGE CORPORATION 16 4.57% $15,356
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 15 5.02% $14,991
Equity Prime Mortgage LLC 14 5.34% $18,704
MOVEMENT MORTGAGE, LLC 14 4.63% $16,445
CMG MORTGAGE, INC. 13 4.66% $16,197
PLANET HOME LENDING, LLC 12 3.99% $14,291
BROKER SOLUTIONS, INC. 12 4.71% $14,103
SUN WEST MORTGAGE COMPANY, INC. 11 4.48% $14,664
OCMBC, INC. 11 5.16% $16,326
Lakeview Community Capital, LLC 10 3.35% $7,596
Golden Empire Mortgage, Inc. 10 4.94% $17,247
S1L, Inc. 10 4.36% $14,346
MOUNTAIN WEST FINANCIAL, INC. 10 4.48% $18,985
LAND HOME FINANCIAL SERVICES, INC. 10 4.50% $16,648
Hometown Equity Mortgage, LLC 9 5.22% $18,772
Amerifirst Financial, Inc. 9 4.69% $10,537
GUARANTEED RATE, INC. 9 4.59% $14,186
Flagstar Bank, FSB 9 4.81% $14,677
TOP FLITE FINANCIAL, INC. 9 5.35% $18,732
MASON MCDUFFIE MORTGAGE CORPORATION 8 4.89% $16,820
NEWREZ LLC 8 4.55% $11,541
ACADEMY MORTGAGE CORPORATION 7 5.77% $15,269
Century Mortgage Company DBA Century Lending Company 7 5.07% $16,417
CARDINAL FINANCIAL 7 4.70% $15,734
CANOPY MORTGAGE, LLC 7 4.93% $18,812
CHERRY CREEK MORTGAGE, LLC 7 5.34% $5,585
SECURITYNATIONAL MORTGAGE COMPANY 7 5.05% $18,494
SNAPFI, INC. 7 3.95% $12,674
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 7 5.16% $12,929
Nations Lending Corporation 6 4.21% $19,348
ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 4.44% $14,622
First Guaranty Mortgage Corporation 5 3.93% $13,612
AMCAP MORTGAGE, LTD. 5 5.08% $22,094
VILLAGE CAPITAL MORTGAGE 5 3.88% $18,103
ENVOY MORTGAGE, LTD 5 5.53% $21,316
AHL FUNDING 5 3.47% $17,341
DIGNIFIED HOME LOANS, LLC 5 4.90% $13,419
BECKAM FUNDING CORP. 4 5.94% $25,160
ALAMEDA MORTGAGE CORPORATION 4 4.63% $18,930
CALCON MUTUAL MORTGAGE LLC 4 5.70% $17,553
Platinum Home Mortgage Corporation 4 5.66% $18,089
PREMIER LENDING, INC. 4 2.94% $9,183
LADERA LENDING, INC. 3 4.58% $10,596
NFM, INC. 3 4.38% $12,275
PACIFIC RESIDENTIAL MORTGAGE, LLC 3 3.79% $13,275
BAY EQUITY LLC 3 4.71% $14,554
Bank of America 3 4.63% $11,846
EAGLE HOME MORTGAGE, LLC 3 4.71% $22,773
MLD MORTGAGE INC. 3 6.16% $17,540
THE GOLDEN 1 3 3.33% $14,050
AMERIFIRST FINANCIAL CORPORATION 3 4.46% $14,688
TRAVIS CREDIT UNION 3 3.75% $11,681
UNION HOME MORTGAGE CORP. 3 4.21% $9,827
VERITAS FUNDING, LLC 3 4.46% $15,895
EMBRACE HOME LOANS, INC. 2 4.87% $10,824
MORIA DEVELOPMENT, INC. 2 5.13% $19,767
Plains Commerce Bank 2 4.88% $18,440
LOANPAL, LLC 2 3.81% $17,463
The Federal Savings Bank 2 3.69% $18,853
NETWORK CAPITAL FUNDING CORPORATION 2 4.94% $17,849
MUFG Union Bank 2 3.50% $12,997
INSPIRE HOME LOANS INC. 2 3.94% $15,000
AMERICAN FINANCIAL RESOURCES, INC. 2 5.31% $15,849
Northpointe Bank 2 5.25% $12,213
Hometown Lenders, Inc. 2 4.81% $21,147
Pacific Lending LLC 2 4.44% $17,414
NATIONWIDE MORTGAGE BANKERS, INC. 2 5.38% $21,244
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 4.69% $23,126
GUARANTY HOME MORTGAGE CORPORATION 2 4.38% $17,324
MUTUAL OF OMAHA MORTGAGE, INC. 2 4.94% $21,051
South Pacific Financial Corporation 2 4.00% $23,012
SOVEREIGN LENDING GROUP INCORPORATED 2 5.13% $14,605
Stride Bank 1 4.75% $11,985
ARC HOME LLC 1 2.75% $10,319
AmeriHome Mortgage Company, LLC 1 2.63% $8,129
TJC Mortgage, Inc. 1 4.38% $20,787
United Fidelity Funding Corp. 1 3.63% $10,008
AMERICAN FINANCING CORPORATION 1 2.88% $10,288
U.S. Bank 1 4.75% $11,823
V.I.P. MORTGAGE, INC. 1 4.13% $19,242
JPMorgan Chase Bank 1 2.99% $6,956
RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 4.63% $13,680
INTERCAP LENDING INC. 1 5.13% $15,490
LEADERONE FINANCIAL CORPORATION 1 4.88% $7,244
LENOX FINANCIAL MORTGAGE CORPORATION 1 5.25% $13,846
Loan Simple, Inc. 1 4.25% $16,353
HOMESIDE FINANCIAL, LLC 1 5.88% $31,707
Mortgage Research Center, LLC 1 3.50% $14,770
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 4.25% $16,512
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 4.63% $14,134
GUARANTEED RATE AFFINITY, LLC 1 6.63% $11,028
Fremont Bank 1 2.62% $6,949
Franklin Loan Corporation 1 5.63% $10,629
FBC MORTGAGE, LLC 1 6.75% $7,580
EMM LOANS LLC 1 2.25% $13,684
PANORAMA MORTGAGE GROUP, LLC 1 5.63% $22,674
DIRECTIONS EQUITY, LLC 1 6.25% $18,737
Wyndham Capital Mortgage, Inc. 1 5.63% $8,996
PLAZA HOME MORTGAGE, INC. 1 5.13% $20,233
ZILLOW HOME LOANS, LLC 1 4.38% $11,810
PREMIER MORTGAGE RESOURCES, L.L.C. 1 5.25% $18,283
DAS Acquisition Company, LLC 1 6.25% $17,851
Cornerstone First Mortgage, Inc 1 3.50% $13,716
Citizens Bank 1 5.25% $13,996
Residential Mortgage Solutions, Inc. 1 4.25% $9,438
JMAC LENDING, INC. 1 3.25% $8,651
CHURCHILL MORTGAGE CORPORATION 1 5.25% $12,797
CAMPOS FINANCIAL CORP. 1 3.75% $27,674
BEST FINANCE CAPITAL, INC. 1 5.25% $12,878
Bank of the West 1 5.88% $10,941
STEARNS LENDING, LLC 1 4.25% $9,717

The top Stockton FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 256 FHA loans originated. Their average total fees are $14,100, which is $780 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Stockton FHA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC ($7,596), HOMEAMERICAN MORTGAGE CORPORATION ($9,629), EVERETT FINANCIAL, INC. ($10,405), LAKEVIEW LOAN SERVICING, LLC ($11,184) and PENNYMAC LOAN SERVICES, LLC ($11,930).

The lowest rate Stockton FHA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC (3.35%), Mr. Cooper ( Nationstar Mortgage ) (3.81%), LAKEVIEW LOAN SERVICING, LLC (3.83%), PLANET HOME LENDING, LLC (3.99%) and HOME POINT FINANCIAL CORPORATION (4.17%).

Stockton FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
STOCKTON, CA SAN JOAQUIN 2022 $563,500 $721,400 $872,000 $1,083,650
STOCKTON, CA SAN JOAQUIN 2023 $656,650 $840,650 $1,016,150 $1,262,800

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Stockton (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 $383,500 (12.1%) $466,243 (8.2%) 1.42 825
2018-02-01 $377,000 (8.0%) $467,496 (9.4%) 1.37 821
2018-03-01 $375,000 (7.7%) $454,806 (6.5%) 1.32 828
2018-04-01 $383,250 (6.5%) $470,046 (8.8%) 1.30 920
2018-05-01 $383,000 (3.0%) $478,855 (7.4%) 1.28 1,039
2018-06-01 $389,900 (2.8%) $482,302 (7.6%) 1.30 1,151
2018-07-01 $389,900 (1.3%) $475,160 (6.0%) 1.30 1,216
2018-08-01 $385,500 (1.5%) $464,159 (3.8%) 1.29 1,371
2018-09-01 $385,000 (1.6%) $464,069 (4.0%) 1.29 1,475
2018-10-01 $385,125 (2.7%) $460,912 (3.3%) 1.30 1,506
2018-11-01 $386,425 (2.9%) $509,344 (12.2%) 1.31 1,504
2018-12-01 $389,000 (2.4%) $461,578 (0.7%) 1.34 1,395
2019-01-01 $386,250 (0.7%) $452,564 (-2.9%) 1.33 1,206
2019-02-01 $380,000 (0.8%) $452,218 (-3.3%) 1.28 1,151
2019-03-01 $389,000 (3.7%) $476,321 (4.7%) 1.30 1,136
2019-04-01 $417,000 (8.8%) $488,910 (4.0%) 1.32 1,190
2019-05-01 $419,500 (9.5%) $497,400 (3.9%) 1.31 1,304
2019-06-01 $424,999 (9.0%) $554,533 (15.0%) 1.33 1,403
2019-07-01 $428,598 (9.9%) $873,615 (83.9%) 1.34 1,456
2019-08-01 $429,999 (11.5%) $755,792 (62.8%) 1.35 1,385
2019-09-01 $425,000 (10.4%) $495,871 (6.9%) 1.34 1,263
2019-10-01 $419,500 (8.9%) $483,424 (4.9%) 1.35 1,477
2019-11-01 $425,000 (10.0%) $482,396 (-5.3%) 1.39 1,378
2019-12-01 $432,500 (11.2%) $491,445 (6.5%) 1.44 1,131
2020-01-01 $424,975 (10.0%) $494,574 (9.3%) 1.42 981
2020-02-01 $434,000 (14.2%) $504,604 (11.6%) 1.42 893
2020-03-01 $429,225 (10.3%) $500,490 (5.1%) 1.35 905
2020-04-01 $429,450 (3.0%) $502,525 (2.8%) 1.35 975
2020-05-01 $432,450 (3.1%) $510,224 (2.6%) 1.31 964
2020-06-01 $445,750 (4.9%) $532,692 (-3.9%) 1.31 772
2020-07-01 $445,000 (3.8%) $548,761 (-37.2%) 1.29 640
2020-08-01 $449,000 (4.4%) $548,911 (-27.4%) 1.29 566
2020-09-01 $455,450 (7.2%) $568,386 (14.6%) 1.31 562
2020-10-01 $450,000 (7.3%) $550,432 (13.9%) 1.29 555
2020-11-01 $450,000 (5.9%) $574,401 (19.1%) 1.32 490
2020-12-01 $449,950 (4.0%) $578,313 (17.7%) 1.34 400
2021-01-01 $450,000 (5.9%) $601,515 (21.6%) 1.34 334
2021-02-01 $459,500 (5.9%) $607,067 (20.3%) 1.34 330
2021-03-01 $453,450 (5.6%) $590,781 (18.0%) 1.29 382
2021-04-01 $498,250 (16.0%) $625,326 (24.4%) 1.35 410
2021-05-01 $499,000 (15.4%) $623,769 (22.3%) 1.32 446
2021-06-01 $524,595 (17.7%) $643,347 (20.8%) 1.38 569
2021-07-01 $540,000 (21.4%) $643,722 (17.3%) 1.42 677
2021-08-01 $537,450 (19.7%) $650,459 (18.5%) 1.43 792
2021-09-01 $542,000 (19.0%) $646,084 (13.7%) 1.45 825
2021-10-01 $539,570 (19.9%) $632,949 (15.0%) 1.44 816
2021-11-01 $539,870 (20.0%) $632,079 (10.0%) 1.44 649
2021-12-01 $542,450 (20.6%) $649,155 (12.3%) 1.47 491
2022-01-01 $548,250 (21.8%) $660,166 (9.8%) 1.48 383
2022-02-01 $565,000 (23.0%) $701,159 (15.5%) 1.47 395
2022-03-01 $595,000 (31.2%) $739,563 (25.2%) 1.49 447
2022-04-01 $600,000 (20.4%) $741,732 (18.6%) 1.43 559
2022-05-01 $627,000 (25.7%) $733,646 (17.6%) 1.43 798
2022-06-01 $630,293 (20.2%) $718,118 (11.6%) 1.40 1,031
2022-07-01 $601,278 (11.4%) $682,983 (6.1%) 1.36 1,321
2022-08-01 $594,500 (10.6%) $664,415 (2.2%) 1.37 1,333
2022-09-01 $581,950 (7.4%) $659,509 (2.1%) 1.36 1,237
2022-10-01 $560,000 (3.8%) $640,782 (1.2%) 1.32 1,239
2022-11-01 $550,000 (1.9%) $635,884 (0.6%) 1.32 1,138
2022-12-01 $544,500 (0.4%) $631,625 (-2.7%) 1.34 955
2023-01-01 $539,495 (-1.6%) $623,803 (-5.5%) 1.34 798
2023-02-01 $542,598 (-4.0%) $633,219 (-9.7%) 1.31 672
2023-03-01 $546,447 (-8.2%) $646,558 (-12.6%) 1.29 574
2023-04-01 $579,000 (-3.5%) $685,337 (-7.6%) 1.35 538
Stockton's median listing price for 2023-04-01 was $579,000, a difference of $-21,000 (-3.5%) versus the prior year and $32,553 versus the prior month.

Stockton's median listing price comes in at 135% of the national average.

Stockton's average listing price for 2023-04-01 was $685,337, a difference of $-56,395 (-7.6%) versus the prior year and $38,779 versus the prior month.

For the 2023-04-01 period, Stockton had 538 MLS listings, a difference of -36 listings (-6%) versus the prior month and -21 listings (-4%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Stockton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 54 days 1,891 sqft
2018-02-01 38 days 1,825 sqft
2018-03-01 35 days 1,787 sqft
2018-04-01 31 days 1,797 sqft
2018-05-01 30 days 1,800 sqft
2018-06-01 37 days 1,830 sqft
2018-07-01 38 days 1,819 sqft
2018-08-01 37 days 1,789 sqft
2018-09-01 38 days 1,802 sqft
2018-10-01 44 days 1,809 sqft
2018-11-01 46 days 1,794 sqft
2018-12-01 54 days 1,800 sqft
2019-01-01 64 days 1,786 sqft
2019-02-01 49 days 1,774 sqft
2019-03-01 43 days 1,807 sqft
2019-04-01 37 days 1,880 sqft
2019-05-01 37 days 1,917 sqft
2019-06-01 38 days 1,900 sqft
2019-07-01 44 days 1,926 sqft
2019-08-01 52 days 1,944 sqft
2019-09-01 54 days 1,915 sqft
2019-10-01 48 days 1,851 sqft
2019-11-01 53 days 1,886 sqft
2019-12-01 65 days 1,889 sqft
2020-01-01 69 days 1,856 sqft
2020-02-01 55 days 1,889 sqft
2020-03-01 43 days 1,877 sqft
2020-04-01 46 days 1,867 sqft
2020-05-01 58 days 1,897 sqft
2020-06-01 60 days 1,918 sqft
2020-07-01 60 days 1,899 sqft
2020-08-01 41 days 1,898 sqft
2020-09-01 36 days 1,886 sqft
2020-10-01 35 days 1,828 sqft
2020-11-01 38 days 1,827 sqft
2020-12-01 46 days 1,779 sqft
2021-01-01 45 days 1,774 sqft
2021-02-01 29 days 1,701 sqft
2021-03-01 27 days 1,635 sqft
2021-04-01 24 days 1,728 sqft
2021-05-01 25 days 1,753 sqft
2021-06-01 21 days 1,829 sqft
2021-07-01 25 days 1,827 sqft
2021-08-01 25 days 1,844 sqft
2021-09-01 30 days 1,838 sqft
2021-10-01 33 days 1,836 sqft
2021-11-01 40 days 1,825 sqft
2021-12-01 45 days 1,803 sqft
2022-01-01 40 days 1,760 sqft
2022-02-01 28 days 1,737 sqft
2022-03-01 25 days 1,821 sqft
2022-04-01 24 days 1,887 sqft
2022-05-01 24 days 1,905 sqft
2022-06-01 27 days 1,924 sqft
2022-07-01 31 days 1,894 sqft
2022-08-01 38 days 1,901 sqft
2022-09-01 45 days 1,896 sqft
2022-10-01 48 days 1,871 sqft
2022-11-01 51 days 1,876 sqft
2022-12-01 62 days 1,848 sqft
2023-01-01 66 days 1,852 sqft
2023-02-01 54 days 1,867 sqft
2023-03-01 45 days 1,848 sqft
2023-04-01 35 days 1,913 sqft
Stockton's median listing age (time on market) for 2023-04-01 was 35 days. This is 46% longer than the same period one year ago.

Stockton's median square footage for active listings during the 2023-04-01 period was 1,913 sqft. One year prior, the average listing was 1,887 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).