Truckee FHA Loan Rates, Closing Costs & Stats

Truckee-Grass Valley, 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.

Truckee's 41 lenders originated 155 FHA loans during 2023. The total origination value was $61,365,000, with an average FHA loan value of $395,903.

Truckee FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Truckee averaged 6.38% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

Truckee's average FHA mortgage closing costs are $12,359.

The average rate for the prior week (2025-02-07) was 6.79% and one month ago for the week of 2025-01-10, the average rate was 6.45%.

The average rate one year ago was 6.48%.

For refis of the same type during the week of 2025-02-14, the average rate was 6.32%.

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

Truckee 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 Truckee level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 36 6.03% $16,333
MOVEMENT MORTGAGE, LLC 12 6.93% $19,607
QUICKEN LOANS, LLC 7 6.12% $18,540
AMERICAN PACIFIC MORTGAGE CORPORATION 7 6.95% $17,738
CROSSCOUNTRY MORTGAGE, LLC 5 6.93% $19,427
Century Mortgage Company DBA Century Lending Company 4 5.78% $19,343
NEWREZ LLC 3 6.25% $12,697
Sierra Pacific Mortgage Company, Inc. 2 6.69% $18,766
Flagstar Bank, FSB 2 6.13% $8,903
PREMIER MORTGAGE RESOURCES, L.L.C. 2 5.69% $20,805
S1L, Inc. 2 7.25% $21,530
PENNYMAC LOAN SERVICES, LLC 2 6.25% $16,570
LOANDEPOT.COM, LLC 2 5.06% $11,304
University Bank 2 6.63% $16,706
LOANPAL, LLC 1 6.99% $22,400
MID AMERICA MORTGAGE, INC. 1 7.25% $6,299
MOUNTAIN WEST FINANCIAL, INC. 1 7.25% $17,710
Mr. Cooper ( Nationstar Mortgage ) 1 7.75% $17,909
Nations Lending Corporation 1 7.13% $11,581
Northpointe Bank 1 7.75% $11,249
Paramount Residential Mortgage Group, Inc. 1 7.13% $15,778
Performance Financial, Inc. 1 6.50% $16,778
PLANET HOME LENDING, LLC 1 5.63% $10,859
PLAZA HOME MORTGAGE, INC. 1 6.25% $24,485
SUMMIT FUNDING, INC. 1 7.13% $21,015
SUN WEST MORTGAGE COMPANY, INC. 1 5.25% $17,448
TRAVIS CREDIT UNION 1 6.13% $15,592
Wells Fargo Bank 1 7.38% $12,698
BAY-VALLEY MORTGAGE GROUP 1 7.50% $17,152
BECKAM FUNDING CORP. 1 7.25% $23,290
CARDINAL FINANCIAL 1 6.25% $17,742
Carrington Mortgage Services, LLC 1 6.38% $24,143
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.63% $17,019
FREEDOM MORTGAGE CORPORATION 1 6.49% $13,551
GUARANTEED RATE AFFINITY, LLC 1 7.63% $23,732
GUARANTEED RATE, INC. 1 7.75% $10,076
GUILD MORTGAGE COMPANY 1 7.13% $19,551
HOME APPROVALS DIRECT, INC. 1 5.63% $10,859
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.38% $18,019
JPMorgan Chase Bank 1 7.25% $10,065
LOANLEADERS OF AMERICA, INC. 1 6.63% $17,335

The top Truckee FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 36 FHA loans originated. Their average total fees are $16,333, which is $3,274 lower than the next largest lender, MOVEMENT MORTGAGE, LLC.

The lowest fee Truckee FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($16,333), MOVEMENT MORTGAGE, LLC ($19,607), .

The lowest rate Truckee FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.03%), MOVEMENT MORTGAGE, LLC (6.93%), .

Truckee FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
TRUCKEE-GRASS VALLEY, CA NEVADA 2022 $609,500 $780,250 $943,150 $1,172,150
TRUCKEE-GRASS VALLEY, CA NEVADA 2023 $644,000 $824,450 $996,550 $1,238,500

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Truckee (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 $488,750 (3.6%) $626,243 (-0.8%) 0.00 457
2018-02-01 $489,375 (-0.3%) $626,490 (-2.3%) 0.00 453
2018-03-01 $465,375 (-6.7%) $609,273 (-6.0%) 0.00 473
2018-04-01 $479,000 (-3.8%) $595,576 (-7.5%) 0.00 541
2018-05-01 $489,025 (-2.1%) $598,584 (-8.2%) 0.00 646
2018-06-01 $497,000 (-5.5%) $596,053 (-11.5%) 0.00 725
2018-07-01 $481,500 (-8.3%) $598,956 (-11.7%) 0.00 784
2018-08-01 $474,950 (-5.7%) $598,464 (-8.0%) 0.00 833
2018-09-01 $475,000 (-5.0%) $595,572 (-7.2%) 0.00 838
2018-10-01 $465,000 (-5.5%) $591,912 (-7.5%) 0.00 805
2018-11-01 $471,950 (-3.7%) $582,394 (-8.2%) 0.00 750
2018-12-01 $455,000 (-4.8%) $570,096 (-8.2%) 0.00 707
2019-01-01 $434,450 (-11.1%) $540,161 (-13.8%) 0.00 617
2019-02-01 $437,190 (-10.7%) $547,868 (-12.6%) 0.00 588
2019-03-01 $452,786 (-2.7%) $553,598 (-9.1%) 0.00 584
2019-04-01 $466,750 (-2.6%) $561,560 (-5.7%) 0.00 616
2019-05-01 $497,000 (1.6%) $605,833 (1.2%) 0.00 765
2019-06-01 $499,950 (0.6%) $615,348 (3.2%) 0.00 857
2019-07-01 $500,000 (3.8%) $611,997 (2.2%) 0.00 945
2019-08-01 $500,000 (5.3%) $609,858 (1.9%) 0.00 957
2019-09-01 $500,000 (5.3%) $604,030 (1.4%) 0.00 924
2019-10-01 $500,000 (7.5%) $600,095 (1.4%) 0.00 875
2019-11-01 $499,000 (5.7%) $584,382 (0.3%) 0.00 746
2019-12-01 $480,000 (5.5%) $571,831 (0.3%) 0.00 646
2020-01-01 $480,000 (10.5%) $578,526 (7.1%) 0.00 578
2020-02-01 $489,000 (11.9%) $592,232 (8.1%) 0.00 549
2020-03-01 $499,500 (10.3%) $600,319 (8.4%) 0.00 594
2020-04-01 $507,500 (8.7%) $600,587 (7.0%) 0.00 564
2020-05-01 $535,000 (7.7%) $643,479 (6.2%) 0.00 616
2020-06-01 $549,000 (9.8%) $659,931 (7.3%) 0.00 560
2020-07-01 $550,750 (10.2%) $669,883 (9.5%) 0.00 481
2020-08-01 $575,000 (15.0%) $697,478 (14.4%) 0.00 409
2020-09-01 $575,000 (15.0%) $722,408 (19.6%) 0.00 433
2020-10-01 $572,400 (14.5%) $743,546 (23.9%) 0.00 446
2020-11-01 $574,950 (15.2%) $731,971 (25.3%) 0.00 389
2020-12-01 $559,500 (16.6%) $705,909 (23.5%) 0.00 348
2021-01-01 $565,000 (17.7%) $719,827 (24.4%) 0.00 285
2021-02-01 $544,032 (11.3%) $669,052 (13.0%) 0.00 264
2021-03-01 $546,225 (9.4%) $644,658 (7.4%) 0.00 250
2021-04-01 $549,450 (8.3%) $641,581 (6.8%) 0.00 293
2021-05-01 $559,900 (4.7%) $657,122 (2.1%) 0.00 326
2021-06-01 $612,250 (11.5%) $705,302 (6.9%) 0.00 322
2021-07-01 $639,000 (16.0%) $754,325 (12.6%) 0.00 347
2021-08-01 $605,500 (5.3%) $736,053 (5.5%) 0.00 355
2021-09-01 $592,000 (3.0%) $742,192 (2.7%) 0.00 381
2021-10-01 $599,450 (4.7%) $751,497 (1.1%) 0.00 430
2021-11-01 $599,225 (4.2%) $738,521 (0.9%) 0.00 384
2021-12-01 $599,000 (7.1%) $721,660 (2.2%) 0.00 298
2022-01-01 $599,450 (6.1%) $713,333 (-0.9%) 0.00 227
2022-02-01 $627,000 (15.3%) $764,356 (14.2%) 0.00 245
2022-03-01 $644,250 (18.0%) $767,834 (19.1%) 0.00 278
2022-04-01 $675,000 (22.9%) $806,610 (25.7%) 0.00 352
2022-05-01 $658,450 (17.6%) $818,142 (24.5%) 0.00 486
2022-06-01 $674,500 (10.2%) $837,341 (18.7%) 0.00 566
2022-07-01 $669,000 (4.7%) $866,878 (14.9%) 0.00 617
2022-08-01 $699,000 (15.4%) $892,178 (21.2%) 0.00 578
2022-09-01 $695,000 (17.4%) $882,732 (18.9%) 0.00 560
2022-10-01 $660,000 (10.1%) $852,543 (13.5%) 0.00 529
2022-11-01 $629,225 (5.0%) $847,132 (14.7%) 0.00 467
2022-12-01 $619,900 (3.5%) $860,185 (19.2%) 0.00 377
2023-01-01 $659,000 (9.9%) $911,341 (27.8%) 0.00 298
2023-02-01 $700,000 (11.6%) $951,257 (24.5%) 0.00 266
2023-03-01 $684,361 (6.2%) $948,487 (23.5%) 0.00 248
2023-04-01 $725,000 (7.4%) $989,838 (22.7%) 0.00 262
2023-05-01 $729,250 (10.8%) $971,824 (18.8%) 0.00 347
2023-06-01 $749,225 (11.1%) $980,162 (17.1%) 0.00 439
2023-07-01 $749,000 (12.0%) $970,076 (11.9%) 0.00 486
2023-08-01 $748,250 (7.1%) $979,782 (9.8%) 0.00 488
2023-09-01 $737,000 (6.0%) $961,871 (9.0%) 0.00 475
2023-10-01 $700,000 (6.1%) $941,900 (10.5%) 0.00 456
2023-11-01 $674,925 (7.3%) $900,998 (6.4%) 0.00 429
2023-12-01 $667,000 (7.6%) $909,280 (5.7%) 0.00 369
2024-01-01 $649,900 (-1.4%) $903,857 (-0.8%) 0.00 309
2024-02-01 $662,500 (-5.4%) $911,900 (-4.1%) 0.00 290
2024-03-01 $659,000 (-3.7%) $938,165 (-1.1%) 0.00 280
2024-04-01 $669,900 (-7.6%) $921,881 (-6.9%) 0.00 335
2024-05-01 $699,000 (-4.2%) $919,393 (-5.4%) 0.00 433
2024-06-01 $699,000 (-6.7%) $940,596 (-4.0%) 0.00 518
2024-07-01 $699,000 (-6.7%) $952,973 (-1.8%) 0.00 561
2024-08-01 $689,000 (-7.9%) $935,843 (-4.5%) 0.00 612
2024-09-01 $671,200 (-8.9%) $928,945 (-3.4%) 0.00 621
2024-10-01 $672,450 (-3.9%) $929,037 (-1.4%) 0.00 592
2024-11-01 $679,000 (0.6%) $952,189 (5.7%) 0.00 526
2024-12-01 $661,975 (-0.8%) $945,054 (3.9%) 0.00 433
2025-01-01 $669,900 (3.1%) $951,022 (5.2%) 0.00 375
Truckee's median listing price for 2025-01-01 was $669,900, a difference of $20,000 (3.1%) versus the prior year and $7,925 versus the prior month.

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

Truckee's average listing price for 2025-01-01 was $951,022, a difference of $47,165 (5.2%) versus the prior year and $5,968 versus the prior month.

For the 2025-01-01 period, Truckee had 375 MLS listings, a difference of -58 listings (-13%) versus the prior month and 66 listings (21%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Truckee (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,228 sqft
2018-02-01 0 days 2,254 sqft
2018-03-01 0 days 2,283 sqft
2018-04-01 0 days 2,212 sqft
2018-05-01 0 days 2,182 sqft
2018-06-01 0 days 2,171 sqft
2018-07-01 0 days 2,149 sqft
2018-08-01 0 days 2,106 sqft
2018-09-01 0 days 2,116 sqft
2018-10-01 0 days 2,153 sqft
2018-11-01 0 days 2,145 sqft
2018-12-01 0 days 2,164 sqft
2019-01-01 0 days 2,145 sqft
2019-02-01 0 days 2,124 sqft
2019-03-01 0 days 2,201 sqft
2019-04-01 0 days 2,236 sqft
2019-05-01 0 days 2,257 sqft
2019-06-01 0 days 2,202 sqft
2019-07-01 0 days 2,179 sqft
2019-08-01 0 days 2,198 sqft
2019-09-01 0 days 2,215 sqft
2019-10-01 0 days 2,230 sqft
2019-11-01 0 days 2,257 sqft
2019-12-01 0 days 2,251 sqft
2020-01-01 0 days 2,251 sqft
2020-02-01 0 days 2,293 sqft
2020-03-01 0 days 2,228 sqft
2020-04-01 0 days 2,242 sqft
2020-05-01 0 days 2,231 sqft
2020-06-01 0 days 2,332 sqft
2020-07-01 0 days 2,242 sqft
2020-08-01 0 days 2,200 sqft
2020-09-01 0 days 2,208 sqft
2020-10-01 0 days 2,155 sqft
2020-11-01 0 days 2,138 sqft
2020-12-01 0 days 2,127 sqft
2021-01-01 0 days 2,080 sqft
2021-02-01 0 days 2,050 sqft
2021-03-01 0 days 1,997 sqft
2021-04-01 0 days 1,964 sqft
2021-05-01 0 days 1,918 sqft
2021-06-01 0 days 1,942 sqft
2021-07-01 0 days 2,000 sqft
2021-08-01 0 days 1,957 sqft
2021-09-01 0 days 1,934 sqft
2021-10-01 0 days 1,950 sqft
2021-11-01 0 days 1,987 sqft
2021-12-01 0 days 1,929 sqft
2022-01-01 0 days 1,872 sqft
2022-02-01 0 days 1,877 sqft
2022-03-01 0 days 1,906 sqft
2022-04-01 0 days 1,919 sqft
2022-05-01 0 days 1,970 sqft
2022-06-01 0 days 1,993 sqft
2022-07-01 0 days 1,981 sqft
2022-08-01 0 days 1,936 sqft
2022-09-01 0 days 1,981 sqft
2022-10-01 0 days 2,008 sqft
2022-11-01 0 days 2,005 sqft
2022-12-01 0 days 2,011 sqft
2023-01-01 0 days 2,135 sqft
2023-02-01 0 days 2,226 sqft
2023-03-01 0 days 2,213 sqft
2023-04-01 0 days 2,400 sqft
2023-05-01 0 days 2,244 sqft
2023-06-01 0 days 2,325 sqft
2023-07-01 0 days 2,259 sqft
2023-08-01 0 days 2,242 sqft
2023-09-01 0 days 2,204 sqft
2023-10-01 0 days 2,173 sqft
2023-11-01 0 days 2,141 sqft
2023-12-01 0 days 2,209 sqft
2024-01-01 0 days 2,121 sqft
2024-02-01 0 days 2,256 sqft
2024-03-01 0 days 2,276 sqft
2024-04-01 0 days 2,148 sqft
2024-05-01 0 days 2,110 sqft
2024-06-01 0 days 2,119 sqft
2024-07-01 0 days 2,140 sqft
2024-08-01 0 days 2,094 sqft
2024-09-01 0 days 2,121 sqft
2024-10-01 0 days 2,134 sqft
2024-11-01 0 days 2,215 sqft
2024-12-01 0 days 2,231 sqft
2025-01-01 0 days 2,217 sqft
Truckee's median listing age (time on market) for 2025-01-01 was 0 days.

Truckee's median square footage for active listings during the 2025-01-01 period was 2,217 sqft. One year prior, the average listing was 2,121 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).