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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.