Ukiah FHA Loan Rates, Closing Costs & Stats

Ukiah, CA

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    • 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 29 lenders originated 112 FHA loans during 2024. The total origination value was $43,990,000, with an average FHA loan value of $392,768.

    Ukiah FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Ukiah averaged 6.61% for the week of 2025-05-09, compared to the national average (all FHA variants) of 6.477% for the same period.

    Ukiah's average FHA mortgage closing costs are $12,223.

    The average rate for the prior week (2025-05-02) was 6.66% and one month ago for the week of 2025-04-04, the average rate was 6.29%.

    The average rate one year ago was 7.01%.

    For refis of the same type during the week of 2025-05-09, the average rate was 6.38%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 28 5.91% $18,700
    MASON MCDUFFIE MORTGAGE CORPORATION 6 6.35% $16,122
    GUILD MORTGAGE COMPANY 5 6.73% $19,214
    QUICKEN LOANS, LLC 5 6.05% $16,091
    LOANDEPOT.COM, LLC 4 6.50% $15,461
    EVERETT FINANCIAL, INC. 4 5.66% $20,648
    Paramount Residential Mortgage Group, Inc. 4 6.69% $16,926
    PENNYMAC LOAN SERVICES, LLC 4 6.06% $12,979
    Sierra Pacific Mortgage Company, Inc. 3 6.21% $22,413
    CROSSCOUNTRY MORTGAGE, LLC 3 6.54% $19,833
    FREEDOM MORTGAGE CORPORATION 3 6.17% $11,874
    Princeton Mortgage Corporation 2 6.19% $12,695
    MORTGAGEONE, INC. 2 6.38% $17,347
    LAND HOME FINANCIAL SERVICES, INC. 1 6.75% $24,390
    Century Mortgage Company DBA Century Lending Company 1 5.75% $19,040
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $25,373
    GENEVA FINANCIAL, LLC 1 6.13% $27,168
    TOP FLITE FINANCIAL, INC. 1 6.75% $28,335
    CHURCHILL MORTGAGE CORPORATION 1 7.25% $15,903
    CMG MORTGAGE, INC. 1 6.50% $18,141
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.75% $24,220
    SUN WEST MORTGAGE COMPANY, INC. 1 6.00% $19,631
    The Loan Store, Inc. 1 6.63% $10,810
    Franklin Loan Corporation 1 6.63% $17,347
    OCMBC, INC. 1 6.25% $12,542
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.25% $18,578
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.50% $8,368
    Lakeview Community Capital, LLC 1 5.75% $10,080
    LAKEVIEW LOAN SERVICING, LLC 1 6.75% $6,776

    The top Ukiah FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 28 FHA loans originated. Their average total fees are $18,700, which is $2,578 higher than the next largest lender, MASON MCDUFFIE MORTGAGE CORPORATION.

    The lowest fee Ukiah FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($18,700), .

    The lowest rate Ukiah FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.91%), .

    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

    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).