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 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).