Ukiah FHA Loan Rates, Closing Costs & Stats
Ukiah, 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.
Ukiah's 36 lenders originated 106 FHA loans during 2022. The total origination value was $36,950,000, with an average FHA loan value of $348,585.
Ukiah FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Ukiah
averaged
6.29%
for the week of 2023-09-22, compared to the national average (all FHA variants) of
7.036% for the same period.
Ukiah's average FHA mortgage closing costs are $10,852.
The average rate for the prior week (2023-09-15) was
6.24% and
one month ago for the week of 2023-08-18, the
average rate was 6.25%.
The average rate one year ago was 5.24%.
For refis of the same type during the week of 2023-09-22, the average rate
was 5.44%.
Ukiah 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 Ukiah level.
The top Ukiah FHA lender as defined by loan originations is LOANDEPOT.COM, LLC, with
13 FHA loans originated. Their average total fees are
$16,748, which is $780
higher than the next largest lender,
FINANCE OF AMERICA MORTGAGE LLC.
The lowest fee Ukiah FHA lenders (with over 10 loans originated) are
LOANDEPOT.COM, LLC ($16,748), .
The lowest rate Ukiah FHA lenders (with over 10 loans originated) are
LOANDEPOT.COM, LLC (5.14%), .
Ukiah FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
UKIAH, CA | MENDOCINO | 2022 | $506,000 | $647,750 | $783,000 | $973,100 |
UKIAH, CA | MENDOCINO | 2023 | $546,250 | $699,300 | $845,300 | $1,050,500 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Ukiah (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 | $599,000 (0.7%) | $870,102 (-4.1%) | 0.00 | 284 |
2018-02-01 | $595,000 (4.9%) | $838,877 (-7.6%) | 0.00 | 305 |
2018-03-01 | $579,000 (6.3%) | $875,554 (3.4%) | 0.00 | 339 |
2018-04-01 | $588,000 (7.9%) | $880,900 (6.2%) | 0.00 | 359 |
2018-05-01 | $599,000 (5.3%) | $905,395 (14.0%) | 0.00 | 461 |
2018-06-01 | $599,950 (3.4%) | $892,308 (11.9%) | 0.00 | 478 |
2018-07-01 | $621,725 (4.5%) | $882,648 (0.7%) | 0.00 | 500 |
2018-08-01 | $631,500 (10.9%) | $879,692 (2.5%) | 0.00 | 496 |
2018-09-01 | $622,500 (3.9%) | $873,372 (0.5%) | 0.00 | 497 |
2018-10-01 | $619,250 (-0.9%) | $866,598 (-1.7%) | 0.00 | 483 |
2018-11-01 | $599,000 (-4.9%) | $857,734 (-5.0%) | 0.00 | 460 |
2018-12-01 | $585,000 (-5.5%) | $849,660 (-3.0%) | 0.00 | 444 |
2019-01-01 | $577,000 (-3.7%) | $858,828 (-1.3%) | 0.00 | 415 |
2019-02-01 | $590,000 (-0.8%) | $865,521 (3.2%) | 0.00 | 413 |
2019-03-01 | $597,143 (3.1%) | $900,385 (2.8%) | 0.00 | 413 |
2019-04-01 | $595,000 (1.2%) | $899,635 (2.1%) | 0.00 | 417 |
2019-05-01 | $599,000 (0.0%) | $915,171 (1.1%) | 0.00 | 448 |
2019-06-01 | $595,000 (-0.8%) | $911,471 (2.2%) | 0.00 | 472 |
2019-07-01 | $595,000 (-4.3%) | $928,337 (5.2%) | 0.00 | 463 |
2019-08-01 | $599,000 (-5.2%) | $942,158 (7.1%) | 0.00 | 449 |
2019-09-01 | $599,000 (-3.8%) | $944,781 (8.2%) | 0.00 | 427 |
2019-10-01 | $599,000 (-3.3%) | $951,639 (9.8%) | 0.00 | 405 |
2019-11-01 | $599,400 (0.1%) | $999,676 (16.6%) | 0.00 | 375 |
2019-12-01 | $606,700 (3.7%) | $993,778 (17.0%) | 0.00 | 336 |
2020-01-01 | $595,000 (3.1%) | $987,541 (15.0%) | 0.00 | 302 |
2020-02-01 | $622,500 (5.5%) | $993,793 (14.8%) | 0.00 | 297 |
2020-03-01 | $627,375 (5.1%) | $972,270 (8.0%) | 0.00 | 295 |
2020-04-01 | $632,000 (6.2%) | $986,760 (9.7%) | 0.00 | 281 |
2020-05-01 | $639,000 (6.7%) | $983,112 (7.4%) | 0.00 | 281 |
2020-06-01 | $643,625 (8.2%) | $1,015,495 (11.4%) | 0.00 | 284 |
2020-07-01 | $660,000 (10.9%) | $1,064,380 (14.7%) | 0.00 | 219 |
2020-08-01 | $699,999 (16.9%) | $1,120,799 (19.0%) | 0.00 | 192 |
2020-09-01 | $798,000 (33.2%) | $1,242,848 (31.6%) | 0.00 | 190 |
2020-10-01 | $779,000 (30.1%) | $1,252,916 (31.7%) | 0.00 | 189 |
2020-11-01 | $753,500 (25.7%) | $1,258,381 (25.9%) | 0.00 | 177 |
2020-12-01 | $772,000 (27.3%) | $1,201,119 (20.9%) | 0.00 | 155 |
2021-01-01 | $750,000 (26.1%) | $1,246,091 (26.2%) | 0.00 | 131 |
2021-02-01 | $816,738 (31.2%) | $1,378,527 (38.7%) | 0.00 | 123 |
2021-03-01 | $850,000 (35.5%) | $1,308,031 (34.5%) | 0.00 | 125 |
2021-04-01 | $850,000 (34.5%) | $1,345,470 (36.4%) | 0.00 | 146 |
2021-05-01 | $762,500 (19.3%) | $1,259,615 (28.1%) | 0.00 | 167 |
2021-06-01 | $747,250 (16.1%) | $1,210,290 (19.2%) | 0.00 | 173 |
2021-07-01 | $780,000 (18.2%) | $1,261,556 (18.5%) | 0.00 | 170 |
2021-08-01 | $766,750 (9.5%) | $1,314,431 (17.3%) | 0.00 | 184 |
2021-09-01 | $699,000 (-12.4%) | $1,241,541 (-0.1%) | 0.00 | 195 |
2021-10-01 | $747,500 (-4.0%) | $1,270,457 (1.4%) | 0.00 | 212 |
2021-11-01 | $760,000 (0.9%) | $1,265,531 (0.6%) | 0.00 | 208 |
2021-12-01 | $757,500 (-1.9%) | $1,352,786 (12.6%) | 0.00 | 194 |
2022-01-01 | $769,000 (2.5%) | $1,345,697 (8.0%) | 0.00 | 176 |
2022-02-01 | $749,500 (-8.2%) | $1,321,939 (-4.1%) | 0.00 | 188 |
2022-03-01 | $712,000 (-16.2%) | $1,223,796 (-6.4%) | 0.00 | 199 |
2022-04-01 | $699,000 (-17.8%) | $1,140,623 (-15.2%) | 0.00 | 244 |
2022-05-01 | $672,500 (-11.8%) | $1,083,082 (-14.0%) | 0.00 | 272 |
2022-06-01 | $660,750 (-11.6%) | $1,068,989 (-11.7%) | 0.00 | 300 |
2022-07-01 | $637,000 (-18.3%) | $996,796 (-21.0%) | 0.00 | 324 |
2022-08-01 | $612,500 (-20.1%) | $970,995 (-26.1%) | 0.00 | 313 |
2022-09-01 | $629,000 (-10.0%) | $1,033,937 (-16.7%) | 0.00 | 310 |
2022-10-01 | $621,000 (-16.9%) | $1,041,197 (-18.1%) | 0.00 | 313 |
2022-11-01 | $600,000 (-21.1%) | $1,012,807 (-20.0%) | 0.00 | 295 |
2022-12-01 | $599,000 (-20.9%) | $950,609 (-29.7%) | 0.00 | 274 |
2023-01-01 | $607,500 (-21.0%) | $903,073 (-32.9%) | 0.00 | 228 |
2023-02-01 | $599,000 (-20.1%) | $999,169 (-24.4%) | 0.00 | 218 |
2023-03-01 | $598,000 (-16.0%) | $1,015,964 (-17.0%) | 0.00 | 223 |
2023-04-01 | $609,500 (-12.8%) | $1,013,407 (-11.2%) | 0.00 | 250 |
2023-05-01 | $643,500 (-4.3%) | $1,028,224 (-5.1%) | 0.00 | 279 |
2023-06-01 | $617,500 (-6.6%) | $1,015,585 (-5.0%) | 0.00 | 303 |
2023-07-01 | $649,000 (1.9%) | $1,010,352 (1.4%) | 0.00 | 309 |
2023-08-01 | $677,125 (10.6%) | $1,028,172 (5.9%) | 0.00 | 314 |
Ukiah's median listing price comes in at 0% of the national average.
Ukiah's average listing price for 2023-08-01 was $1,028,172, a difference of $57,177 (5.9%) versus the prior year and $17,820 versus the prior month.
For the 2023-08-01 period, Ukiah had 314 MLS listings, a difference of 5 listings (2%) versus the prior month and 1 listings (0%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Ukiah (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,770 sqft |
2018-02-01 | 0 days | 1,724 sqft |
2018-03-01 | 0 days | 1,725 sqft |
2018-04-01 | 0 days | 1,741 sqft |
2018-05-01 | 0 days | 1,700 sqft |
2018-06-01 | 0 days | 1,725 sqft |
2018-07-01 | 0 days | 1,720 sqft |
2018-08-01 | 0 days | 1,724 sqft |
2018-09-01 | 0 days | 1,700 sqft |
2018-10-01 | 0 days | 1,700 sqft |
2018-11-01 | 0 days | 1,680 sqft |
2018-12-01 | 0 days | 1,680 sqft |
2019-01-01 | 0 days | 1,647 sqft |
2019-02-01 | 0 days | 1,626 sqft |
2019-03-01 | 0 days | 1,644 sqft |
2019-04-01 | 0 days | 1,640 sqft |
2019-05-01 | 0 days | 1,689 sqft |
2019-06-01 | 0 days | 1,660 sqft |
2019-07-01 | 0 days | 1,686 sqft |
2019-08-01 | 0 days | 1,704 sqft |
2019-09-01 | 0 days | 1,709 sqft |
2019-10-01 | 0 days | 1,713 sqft |
2019-11-01 | 0 days | 1,711 sqft |
2019-12-01 | 0 days | 1,723 sqft |
2020-01-01 | 0 days | 1,727 sqft |
2020-02-01 | 0 days | 1,800 sqft |
2020-03-01 | 0 days | 1,711 sqft |
2020-04-01 | 0 days | 1,679 sqft |
2020-05-01 | 0 days | 1,700 sqft |
2020-06-01 | 0 days | 1,764 sqft |
2020-07-01 | 0 days | 1,820 sqft |
2020-08-01 | 0 days | 1,900 sqft |
2020-09-01 | 0 days | 1,923 sqft |
2020-10-01 | 0 days | 1,856 sqft |
2020-11-01 | 0 days | 1,902 sqft |
2020-12-01 | 0 days | 1,897 sqft |
2021-01-01 | 0 days | 1,904 sqft |
2021-02-01 | 0 days | 1,825 sqft |
2021-03-01 | 0 days | 1,850 sqft |
2021-04-01 | 0 days | 1,849 sqft |
2021-05-01 | 0 days | 1,776 sqft |
2021-06-01 | 0 days | 1,686 sqft |
2021-07-01 | 0 days | 1,640 sqft |
2021-08-01 | 0 days | 1,643 sqft |
2021-09-01 | 0 days | 1,600 sqft |
2021-10-01 | 0 days | 1,676 sqft |
2021-11-01 | 0 days | 1,742 sqft |
2021-12-01 | 0 days | 1,778 sqft |
2022-01-01 | 0 days | 1,800 sqft |
2022-02-01 | 0 days | 1,664 sqft |
2022-03-01 | 0 days | 1,670 sqft |
2022-04-01 | 0 days | 1,663 sqft |
2022-05-01 | 0 days | 1,630 sqft |
2022-06-01 | 0 days | 1,595 sqft |
2022-07-01 | 0 days | 1,600 sqft |
2022-08-01 | 0 days | 1,606 sqft |
2022-09-01 | 0 days | 1,685 sqft |
2022-10-01 | 0 days | 1,700 sqft |
2022-11-01 | 0 days | 1,689 sqft |
2022-12-01 | 0 days | 1,648 sqft |
2023-01-01 | 0 days | 1,695 sqft |
2023-02-01 | 0 days | 1,596 sqft |
2023-03-01 | 0 days | 1,582 sqft |
2023-04-01 | 0 days | 1,600 sqft |
2023-05-01 | 0 days | 1,692 sqft |
2023-06-01 | 0 days | 1,669 sqft |
2023-07-01 | 0 days | 1,700 sqft |
2023-08-01 | 0 days | 1,705 sqft |
Ukiah's median square footage for active listings during the 2023-08-01 period was 1,705 sqft. One year prior, the average listing was 1,606 sqft.