Vallejo FHA Loan Rates, Closing Costs & Stats

VALLEJO, 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.

Vallejo's 109 lenders originated 1,198 FHA loans during 2024. The total origination value was $605,800,000, with an average FHA loan value of $505,676.

Vallejo FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Vallejo averaged 0.13% for the week of 2025-06-20, compared to the national average (all FHA variants) of 0% for the same period.

Vallejo's average FHA mortgage closing costs are $13,724.

The average rate for the prior week (2025-06-13) was 6.51% and one month ago for the week of 2025-05-16, the average rate was 6.67%.

The average rate one year ago was 6.53%.

For refis of the same type during the week of 2025-06-20, the average rate was -0.23%.

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

Vallejo 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 Vallejo level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 233 6.11% $18,185
QUICKEN LOANS, LLC 85 6.20% $17,017
LOANDEPOT.COM, LLC 49 5.78% $19,042
CROSSCOUNTRY MORTGAGE, LLC 41 6.47% $20,228
GUILD MORTGAGE COMPANY 36 6.31% $22,359
KBHS HOME LOANS, LLC 30 5.72% $26,821
DHI MORTGAGE COMPANY, LTD. 30 5.47% $15,720
BROKER SOLUTIONS, INC. 30 6.33% $23,333
AMERICAN PACIFIC MORTGAGE CORPORATION 29 6.28% $19,576
PENNYMAC LOAN SERVICES, LLC 26 5.86% $16,111
Paramount Residential Mortgage Group, Inc. 22 6.25% $20,827
CMG MORTGAGE, INC. 20 6.10% $19,841
Century Mortgage Company DBA Century Lending Company 20 6.14% $19,123
EVERETT FINANCIAL, INC. 19 6.76% $22,893
NEWREZ LLC 18 6.13% $14,329
PRIMARY RESIDENTIAL MORTGAGE, INC. 17 6.70% $13,781
HOMEAMERICAN MORTGAGE CORPORATION 16 5.47% $14,704
Sierra Pacific Mortgage Company, Inc. 15 6.17% $20,935
Mr. Cooper ( Nationstar Mortgage ) 15 6.26% $15,561
Equity Prime Mortgage LLC 15 6.40% $20,114
INSPIRE HOME LOANS INC. 14 5.66% $16,644
FREEDOM MORTGAGE CORPORATION 14 6.35% $17,446
MOVEMENT MORTGAGE, LLC 13 6.14% $18,298
OCMBC, INC. 13 6.46% $18,651
HOMEOWNERS FINANCIAL GROUP USA, LLC 10 6.38% $18,300
GUARANTEED RATE, INC. 10 6.41% $18,064
Flagstar Bank, FSB 9 6.08% $20,160
Home Mortgage Alliance Corp 8 6.34% $19,912
ENVOY MORTGAGE, LTD 7 6.04% $21,289
GENEVA FINANCIAL, LLC 7 6.66% $19,419
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.64% $18,153
MLD MORTGAGE INC. 6 6.42% $18,167
The Loan Store, Inc. 6 6.39% $17,617
NFM, INC. 6 6.02% $21,785
PLAZA HOME MORTGAGE, INC. 5 6.63% $18,756
Lakeview Community Capital, LLC 5 6.37% $11,295
American Mortgage & Equity Consultants, Inc. 5 6.10% $22,431
U.S. Bank 5 5.83% $20,441
LAKEVIEW LOAN SERVICING, LLC 5 6.05% $11,563
Performance Financial, Inc. 5 6.78% $24,447
ALAMEDA MORTGAGE CORPORATION 4 6.63% $15,919
Commerce Home Mortgage, Inc. 4 6.75% $22,535
HOMEBRIDGE FINANCIAL SERVICES, INC. 4 6.38% $13,093
LAND HOME FINANCIAL SERVICES, INC. 4 6.91% $20,497
MASON MCDUFFIE MORTGAGE CORPORATION 4 6.34% $15,263
MUTUAL OF OMAHA MORTGAGE, INC. 4 6.69% $17,008
SUN WEST MORTGAGE COMPANY, INC. 4 6.09% $24,461
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 3 4.17% $19,471
PLANET HOME LENDING, LLC 3 6.08% $11,290
VILLAGE CAPITAL MORTGAGE 3 6.46% $9,570
BMO Harris Bank 3 6.13% $14,812
Carrington Mortgage Services, LLC 3 6.21% $20,987
CARDINAL FINANCIAL 3 6.46% $22,280
S1L, Inc. 3 6.75% $20,111
Vellum Mortgage, Inc. 3 6.63% $13,248
THE GOLDEN 1 3 6.38% $13,055
INTELLILOAN, INC. 3 5.66% $11,899
AMERICAN FINANCIAL NETWORK, INC. 3 6.42% $17,727
GUARANTEED RATE AFFINITY, LLC 3 5.83% $20,400
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.46% $24,222
Plains Commerce Bank 3 6.21% $27,375
Barrington Bank & Trust Company, N.A. 3 6.42% $13,581
JMAC LENDING, INC. 2 6.19% $22,008
PANORAMA MORTGAGE GROUP, LLC 2 6.25% $22,840
Nations Lending Corporation 2 5.88% $20,374
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.06% $26,890
MORTGAGEONE, INC. 2 6.13% $29,177
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 5.81% $22,973
ALLIED MORTGAGE GROUP, INC. 2 6.63% $18,337
AXIA FINANCIAL, LLC 2 6.19% $18,305
SCENIC OAKS FUNDING, INC. 2 6.13% $23,585
AmeriHome Mortgage Company, LLC 2 6.13% $15,732
Golden Empire Mortgage, Inc. 2 6.00% $20,788
Prosperity Home Mortgage, LLC 1 6.25% $23,507
AMERISAVE MORTGAGE CORPORATION 1 5.25% $20,818
RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 5.75% $17,778
SUMMIT FUNDING, INC. 1 6.50% $26,582
Wells Fargo Bank 1 6.50% $11,194
TRAVIS CREDIT UNION 1 6.83% $11,696
UNION HOME MORTGAGE CORP. 1 5.50% $20,639
University Bank 1 5.75% $16,673
GEO-CORP, INC. 1 7.63% $29,917
HOMESIDE FINANCIAL, LLC 1 5.75% $21,814
Cornerstone First Mortgage, Inc 1 5.50% $16,912
COMPASS MORTGAGE, INC. 1 5.75% $16,772
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.75% $20,749
LADERA LENDING, INC. 1 6.25% $14,305
CALCON MUTUAL MORTGAGE LLC 1 6.25% $27,034
LOANPAL, LLC 1 5.99% $13,205
MID AMERICA MORTGAGE, INC. 1 6.38% $7,419
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 5.13% $25,590
BETTER MORTGAGE CORPORATION 1 5.38% $5,198
BECKAM FUNDING CORP. 1 7.25% $30,493
Watermark Capital, Inc. 1 5.50% $16,035
NETWORK CAPITAL FUNDING CORPORATION 1 6.88% $19,961
BAY EQUITY LLC 1 6.63% $14,427
NEXERA HOLDING LLC 1 5.63% $9,436
NMSI, INC. 1 4.75% $28,575
NORWICH COMMERCIAL GROUP, INC. 1 5.63% $17,652
Bank of America 1 6.50% $12,745
ONY GLO, INC. 1 6.50% $15,380
PACIFIC SERVICE 1 6.13% $13,646
Paramount Bank 1 6.25% $17,531
AUGUSTA FINANCIAL, INC. 1 6.63% $15,132
PHH Mortgage Corporation 1 6.13% $12,336
AMERITRUST MORTGAGE CORPORATION 1 5.38% $29,876
PREMIA MORTGAGE, LLC 1 6.60% $7,482
PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.25% $16,512
Ameris Bank 1 6.25% $13,042

The top Vallejo FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 233 FHA loans originated. Their average total fees are $18,185, which is $1,168 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Vallejo FHA lenders (with over 10 loans originated) are PRIMARY RESIDENTIAL MORTGAGE, INC. ($13,781), NEWREZ LLC ($14,329), HOMEAMERICAN MORTGAGE CORPORATION ($14,704), Mr. Cooper ( Nationstar Mortgage ) ($15,561) and DHI MORTGAGE COMPANY, LTD. ($15,720).

The lowest rate Vallejo FHA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION (5.47%), DHI MORTGAGE COMPANY, LTD. (5.47%), INSPIRE HOME LOANS INC. (5.66%), KBHS HOME LOANS, LLC (5.72%) and LOANDEPOT.COM, LLC (5.78%).

Vallejo FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
VALLEJO, CA SOLANO 2022 $614,100 $786,150 $950,300 $1,181,000
VALLEJO, CA SOLANO 2023 $685,400 $877,450 $1,060,600 $1,318,100

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).