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%.

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

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.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
LOANDEPOT.COM, LLC 13 5.14% $16,748
FINANCE OF AMERICA MORTGAGE LLC 7 4.66% $15,969
UNITED WHOLESALE MORTGAGE, LLC 5 5.18% $16,034
QUICKEN LOANS, LLC 5 4.10% $13,652
CROSSCOUNTRY MORTGAGE, LLC 4 5.84% $16,089
HOME POINT FINANCIAL CORPORATION 4 4.81% $11,470
EVERETT FINANCIAL, INC. 3 5.67% $9,615
MOUNTAIN WEST FINANCIAL, INC. 3 4.17% $13,333
AMERICAN PACIFIC MORTGAGE CORPORATION 2 4.13% $12,661
AMERISAVE MORTGAGE CORPORATION 2 4.50% $18,746
Century Mortgage Company DBA Century Lending Company 2 6.69% $14,929
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 4.87% $11,518
Flagstar Bank, FSB 2 3.73% $15,029
Mr. Cooper ( Nationstar Mortgage ) 2 4.75% $15,516
PREMIER LENDING, INC. 2 5.06% $15,091
GUARANTEED RATE, INC. 1 4.38% $12,558
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.38% $9,388
CMG MORTGAGE, INC. 1 2.50% $11,710
HOMESIDE FINANCIAL, LLC 1 3.25% $16,617
Lakeview Community Capital, LLC 1 3.50% $5,978
LAKEVIEW LOAN SERVICING, LLC 1 2.75% $8,322
CARDINAL FINANCIAL 1 2.75% $11,467
Mortgage Research Center, LLC 1 6.13% $15,623
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.75% $12,746
CALIBER HOME LOANS, INC. 1 5.13% $25,138
Umpqua Bank 1 3.63% $11,987
NATIONS DIRECT MORTGAGE, LLC 1 5.88% $8,172
Paramount Residential Mortgage Group, Inc. 1 5.75% $19,835
PENNYMAC LOAN SERVICES, LLC 1 4.75% $10,116
BECKAM FUNDING CORP. 1 4.99% $14,121
BROKER SOLUTIONS, INC. 1 3.75% $14,500
S1L, Inc. 1 4.75% $13,533
Sierra Pacific Mortgage Company, Inc. 1 6.75% $23,748
Equity Prime Mortgage LLC 1 6.75% $12,722
SUMMIT FUNDING, INC. 1 5.25% $30,727
FREEDOM MORTGAGE CORPORATION 1 4.25% $19,934

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. Louis
Date 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 for 2023-08-01 was $677,125, a difference of $64,625 (10.6%) versus the prior year and $28,125 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2023-08-01 was 0 days.

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.

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).