Visalia FHA Loan Rates, Closing Costs & Stats

VISALIA, 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.

    Visalia's 94 lenders originated 1,122 FHA loans during 2023. The total origination value was $356,090,000, with an average FHA loan value of $317,371.

    Visalia FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Visalia averaged 6.44% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Visalia's average FHA mortgage closing costs are $9,661.

    The average rate for the prior week (2025-02-07) was 6.56% and one month ago for the week of 2025-01-10, the average rate was 6.52%.

    The average rate one year ago was 6.35%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.65%.

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

    Visalia 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 Visalia level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 131 6.02% $14,855
    DHI MORTGAGE COMPANY, LTD. 102 5.42% $10,368
    QUICKEN LOANS, LLC 80 6.17% $12,906
    ALAMEDA MORTGAGE CORPORATION 37 6.68% $16,753
    CROSSCOUNTRY MORTGAGE, LLC 33 6.36% $16,799
    EAGLE HOME MORTGAGE, LLC 31 6.19% $15,793
    AMERICAN PACIFIC MORTGAGE CORPORATION 30 6.53% $13,813
    Commerce Home Mortgage, Inc. 30 6.65% $12,693
    CALIBER HOME LOANS, INC. 28 5.74% $15,044
    Century Mortgage Company DBA Century Lending Company 24 6.60% $14,985
    PENNYMAC LOAN SERVICES, LLC 23 5.78% $15,654
    FREEDOM MORTGAGE CORPORATION 22 6.85% $15,933
    Sierra Pacific Mortgage Company, Inc. 20 6.59% $16,939
    INSPIRE HOME LOANS INC. 19 5.41% $10,757
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 18 6.52% $14,796
    LOANDEPOT.COM, LLC 15 5.91% $13,894
    FBC MORTGAGE, LLC 14 5.99% $15,714
    PLAZA HOME MORTGAGE, INC. 14 6.41% $12,824
    NEWREZ LLC 14 6.40% $14,783
    OCMBC, INC. 13 6.85% $15,339
    Carrington Mortgage Services, LLC 12 6.18% $11,322
    PANORAMA MORTGAGE GROUP, LLC 11 6.19% $13,921
    LOANPAL, LLC 10 6.01% $12,319
    Platinum Home Mortgage Corporation 9 6.26% $14,616
    COASTAL FUNDING SLC, INC. 9 6.21% $12,821
    U.S. Bank 8 5.86% $16,024
    Mr. Cooper ( Nationstar Mortgage ) 8 6.42% $17,174
    VERITAS FUNDING, LLC 8 6.30% $14,302
    GUILD MORTGAGE COMPANY 8 6.56% $10,569
    Equity Prime Mortgage LLC 8 6.61% $13,772
    BECKAM FUNDING CORP. 7 6.96% $19,186
    ALTITUDE FINANCIAL CORPORATION 7 7.20% $10,002
    CMG MORTGAGE, INC. 7 6.03% $20,033
    PRIMARY RESIDENTIAL MORTGAGE, INC. 7 6.91% $14,862
    CARDINAL FINANCIAL 6 6.88% $17,839
    Paramount Residential Mortgage Group, Inc. 6 6.44% $13,608
    Golden Empire Mortgage, Inc. 6 6.40% $15,602
    MLD MORTGAGE INC. 6 6.50% $13,327
    GUARANTEED RATE, INC. 5 6.85% $14,723
    AMERISAVE MORTGAGE CORPORATION 5 5.95% $14,009
    MUTUAL OF OMAHA MORTGAGE, INC. 5 6.65% $14,893
    AMERICAN FINANCIAL NETWORK, INC. 5 6.23% $14,330
    BROKER SOLUTIONS, INC. 5 6.55% $10,480
    Flagstar Bank, FSB 4 6.22% $10,633
    SUN WEST MORTGAGE COMPANY, INC. 4 6.66% $14,565
    ENVOY MORTGAGE, LTD 4 6.06% $11,388
    FIRST COMMUNITY MORTGAGE, INC. 4 6.28% $15,112
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.08% $14,066
    RESIDENTIAL BANCORP 3 6.71% $18,165
    SUMMIT FUNDING, INC. 3 6.50% $16,473
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.29% $13,376
    CALCON MUTUAL MORTGAGE LLC 3 7.04% $16,638
    PLANET HOME LENDING, LLC 3 7.25% $15,598
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.54% $16,115
    MASON MCDUFFIE MORTGAGE CORPORATION 3 7.17% $10,889
    BAY-VALLEY MORTGAGE GROUP 2 6.44% $15,143
    AMERICAN FINANCING CORPORATION 2 6.94% $10,540
    AmeriHome Mortgage Company, LLC 2 6.19% $10,304
    ACADEMY MORTGAGE CORPORATION 2 6.56% $17,330
    Hometown Equity Mortgage, LLC 2 6.44% $11,426
    MOVEMENT MORTGAGE, LLC 2 6.94% $17,029
    VILLAGE CAPITAL MORTGAGE 2 6.19% $12,800
    VISION ONE MORTGAGE, INC. 2 7.19% $14,505
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.75% $18,995
    NFM, INC. 1 6.13% $18,977
    Mortgage Research Center, LLC 1 7.50% $4,038
    ONY GLO, INC. 1 6.25% $20,247
    MICHIGAN MUTUAL, INC. 1 5.13% $15,800
    LEADERONE FINANCIAL CORPORATION 1 6.38% $10,784
    LAND HOME FINANCIAL SERVICES, INC. 1 7.13% $12,377
    JPMorgan Chase Bank 1 7.75% $6,756
    JMAC LENDING, INC. 1 6.50% $13,725
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.13% $13,637
    POINT Mortgage 1 6.75% $11,119
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.50% $11,281
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 7.25% $18,951
    EVERETT FINANCIAL, INC. 1 7.13% $13,756
    EMM LOANS LLC 1 6.25% $18,521
    DRAPER AND KRAMER MORTGAGE CORP. 1 7.25% $14,112
    ROYAL UNITED MORTGAGE LLC 1 7.75% $9,134
    DIGNIFIED HOME LOANS, LLC 1 5.75% $19,337
    CITYWIDE HOME LOANS, LLC 1 7.25% $7,250
    CENTRAL COAST LENDING, INC. 1 6.63% $11,685
    The Federal Savings Bank 1 6.13% $22,738
    TOP FLITE FINANCIAL, INC. 1 6.63% $20,794
    TruHome Solutions, LLC 1 5.13% $14,227
    BRIDGELOCK CAPITAL 1 6.25% $15,448
    BAY EQUITY LLC 1 6.75% $10,082
    AHL FUNDING 1 8.00% $4,291
    WALL FINANCIAL, INC. 1 5.63% $13,288
    V.I.P. MORTGAGE, INC. 1 6.75% $13,219
    ZILLOW HOME LOANS, LLC 1 6.63% $10,861
    NBKC BANK 1 5.63% $9,237
    NETWORK CAPITAL FUNDING CORPORATION 1 6.63% $12,183

    The top Visalia FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 131 FHA loans originated. Their average total fees are $14,855, which is $4,487 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

    The lowest fee Visalia FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($10,368), INSPIRE HOME LOANS INC. ($10,757), Carrington Mortgage Services, LLC ($11,322), LOANPAL, LLC ($12,319) and Commerce Home Mortgage, Inc. ($12,693).

    The lowest rate Visalia FHA lenders (with over 10 loans originated) are INSPIRE HOME LOANS INC. (5.41%), DHI MORTGAGE COMPANY, LTD. (5.42%), CALIBER HOME LOANS, INC. (5.74%), PENNYMAC LOAN SERVICES, LLC (5.78%) and LOANDEPOT.COM, LLC (5.91%).

    Visalia FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    VISALIA, CA TULARE 2022 $420,680 $538,650 $651,050 $809,150
    VISALIA, CA TULARE 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Visalia (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 $242,700 (-1.0%) $315,175 (-1.5%) 0.90 860
    2018-02-01 $249,995 (0.2%) $314,696 (-2.3%) 0.91 873
    2018-03-01 $258,250 (3.3%) $318,986 (-0.8%) 0.90 856
    2018-04-01 $267,450 (6.8%) $330,041 (0.7%) 0.91 839
    2018-05-01 $270,000 (4.2%) $334,737 (0.9%) 0.90 890
    2018-06-01 $269,999 (4.3%) $333,779 (2.9%) 0.90 905
    2018-07-01 $271,239 (4.7%) $332,984 (1.8%) 0.91 949
    2018-08-01 $264,900 (6.2%) $323,327 (2.2%) 0.89 997
    2018-09-01 $265,000 (8.2%) $314,644 (-0.2%) 0.89 1,035
    2018-10-01 $269,000 (8.0%) $314,920 (-0.5%) 0.91 1,062
    2018-11-01 $265,000 (7.1%) $315,013 (0.5%) 0.90 1,052
    2018-12-01 $265,000 (7.8%) $311,920 (-1.4%) 0.91 1,017
    2019-01-01 $264,900 (9.2%) $307,015 (-2.6%) 0.92 980
    2019-02-01 $269,900 (8.0%) $316,044 (0.4%) 0.91 956
    2019-03-01 $271,229 (5.0%) $325,160 (1.9%) 0.89 938
    2019-04-01 $272,336 (1.8%) $331,296 (0.4%) 0.87 928
    2019-05-01 $274,000 (1.5%) $328,506 (-1.9%) 0.86 926
    2019-06-01 $279,900 (3.7%) $344,757 (3.3%) 0.87 890
    2019-07-01 $276,975 (2.1%) $347,287 (4.3%) 0.87 912
    2019-08-01 $273,291 (3.2%) $355,417 (9.9%) 0.87 910
    2019-09-01 $270,877 (2.2%) $372,067 (18.3%) 0.87 883
    2019-10-01 $269,000 (0.0%) $362,459 (15.1%) 0.87 862
    2019-11-01 $268,720 (1.4%) $346,284 (9.9%) 0.88 850
    2019-12-01 $267,225 (0.8%) $336,752 (8.0%) 0.89 787
    2020-01-01 $269,900 (1.9%) $338,652 (10.3%) 0.90 729
    2020-02-01 $266,000 (-1.4%) $333,079 (5.4%) 0.87 684
    2020-03-01 $269,900 (-0.5%) $344,811 (6.0%) 0.85 676
    2020-04-01 $272,437 (0.0%) $339,845 (2.6%) 0.85 697
    2020-05-01 $274,000 (0.0%) $345,225 (5.1%) 0.83 623
    2020-06-01 $277,950 (-0.7%) $444,312 (28.9%) 0.82 514
    2020-07-01 $285,000 (2.9%) $444,607 (28.0%) 0.83 443
    2020-08-01 $309,450 (13.2%) $480,139 (35.1%) 0.89 417
    2020-09-01 $333,900 (23.3%) $456,241 (22.6%) 0.95 416
    2020-10-01 $349,000 (29.7%) $452,942 (25.0%) 1.00 415
    2020-11-01 $338,500 (26.0%) $456,461 (31.8%) 0.99 397
    2020-12-01 $322,250 (20.6%) $440,449 (30.8%) 0.95 365
    2021-01-01 $319,000 (18.2%) $451,950 (33.5%) 0.95 317
    2021-02-01 $329,000 (23.7%) $463,826 (39.3%) 0.96 282
    2021-03-01 $324,663 (20.3%) $454,861 (31.9%) 0.92 274
    2021-04-01 $330,000 (21.1%) $473,927 (39.5%) 0.89 271
    2021-05-01 $359,000 (31.0%) $507,931 (47.1%) 0.95 263
    2021-06-01 $343,950 (23.8%) $510,077 (14.8%) 0.91 298
    2021-07-01 $330,000 (15.8%) $491,610 (10.6%) 0.87 330
    2021-08-01 $335,000 (8.3%) $486,655 (1.4%) 0.89 374
    2021-09-01 $341,619 (2.3%) $484,483 (6.2%) 0.91 384
    2021-10-01 $364,783 (4.5%) $513,888 (13.5%) 0.97 389
    2021-11-01 $384,950 (13.7%) $569,679 (24.8%) 1.03 377
    2021-12-01 $378,873 (17.6%) $594,009 (34.9%) 1.03 328
    2022-01-01 $385,000 (20.7%) $597,943 (32.3%) 1.04 304
    2022-02-01 $417,500 (26.9%) $638,929 (37.8%) 1.09 273
    2022-03-01 $426,225 (31.3%) $647,020 (42.3%) 1.07 291
    2022-04-01 $419,900 (27.2%) $616,341 (30.1%) 1.00 327
    2022-05-01 $415,000 (15.6%) $549,202 (8.1%) 0.95 405
    2022-06-01 $407,500 (18.5%) $529,385 (3.8%) 0.91 495
    2022-07-01 $399,995 (21.2%) $527,849 (7.4%) 0.90 606
    2022-08-01 $401,867 (20.0%) $525,670 (8.0%) 0.93 619
    2022-09-01 $399,995 (17.1%) $525,273 (8.4%) 0.94 597
    2022-10-01 $399,900 (9.6%) $512,212 (-0.3%) 0.94 635
    2022-11-01 $399,675 (3.8%) $501,696 (-11.9%) 0.96 647
    2022-12-01 $399,900 (5.6%) $503,160 (-15.3%) 0.99 595
    2023-01-01 $403,750 (4.9%) $499,771 (-16.4%) 1.00 527
    2023-02-01 $407,498 (-2.4%) $510,371 (-20.1%) 0.98 483
    2023-03-01 $417,450 (-2.1%) $530,739 (-18.0%) 0.98 456
    2023-04-01 $435,000 (3.6%) $550,611 (-10.7%) 1.01 407
    2023-05-01 $439,450 (5.9%) $568,670 (3.5%) 1.00 407
    2023-06-01 $433,500 (6.4%) $549,055 (3.7%) 0.97 433
    2023-07-01 $430,000 (7.5%) $566,612 (7.3%) 0.98 440
    2023-08-01 $404,900 (0.8%) $552,152 (5.0%) 0.93 456
    2023-09-01 $396,000 (-1.0%) $523,749 (-0.3%) 0.92 481
    2023-10-01 $394,975 (-1.2%) $513,223 (0.2%) 0.93 524
    2023-11-01 $386,950 (-3.2%) $499,885 (-0.4%) 0.92 548
    2023-12-01 $380,000 (-5.0%) $487,262 (-3.2%) 0.93 568
    2024-01-01 $380,713 (-5.7%) $493,432 (-1.3%) 0.93 478
    2024-02-01 $390,225 (-4.2%) $499,647 (-2.1%) 0.94 460
    2024-03-01 $399,900 (-4.2%) $540,857 (1.9%) 0.94 447
    2024-04-01 $404,743 (-7.0%) $550,355 (-0.1%) 0.94 478
    2024-05-01 $422,669 (-3.8%) $578,425 (1.7%) 0.96 505
    2024-06-01 $419,000 (-3.3%) $557,581 (1.6%) 0.94 532
    2024-07-01 $417,475 (-2.9%) $545,949 (-3.7%) 0.95 548
    2024-08-01 $419,900 (3.7%) $539,475 (-2.3%) 0.98 552
    2024-09-01 $417,445 (5.4%) $538,434 (2.8%) 0.98 580
    2024-10-01 $419,900 (6.3%) $541,371 (5.5%) 0.99 578
    2024-11-01 $410,000 (6.0%) $523,706 (4.8%) 0.98 584
    2024-12-01 $414,998 (9.2%) $523,247 (7.4%) 1.03 554
    2025-01-01 $414,950 (9.0%) $506,124 (2.6%) 0.00 563
    Visalia's median listing price for 2025-01-01 was $414,950, a difference of $34,237 (9.0%) versus the prior year and $-48 versus the prior month.

    Visalia's median listing price comes in at 0% of the national average.

    Visalia's average listing price for 2025-01-01 was $506,124, a difference of $12,692 (2.6%) versus the prior year and $-17,123 versus the prior month.

    For the 2025-01-01 period, Visalia had 563 MLS listings, a difference of 9 listings (2%) versus the prior month and 85 listings (18%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Visalia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 68 days 1,700 sqft
    2018-02-01 62 days 1,764 sqft
    2018-03-01 53 days 1,801 sqft
    2018-04-01 52 days 1,829 sqft
    2018-05-01 44 days 1,849 sqft
    2018-06-01 51 days 1,840 sqft
    2018-07-01 53 days 1,822 sqft
    2018-08-01 51 days 1,800 sqft
    2018-09-01 51 days 1,796 sqft
    2018-10-01 53 days 1,798 sqft
    2018-11-01 56 days 1,779 sqft
    2018-12-01 68 days 1,798 sqft
    2019-01-01 71 days 1,775 sqft
    2019-02-01 65 days 1,797 sqft
    2019-03-01 56 days 1,845 sqft
    2019-04-01 53 days 1,852 sqft
    2019-05-01 51 days 1,838 sqft
    2019-06-01 54 days 1,876 sqft
    2019-07-01 54 days 1,842 sqft
    2019-08-01 52 days 1,818 sqft
    2019-09-01 52 days 1,799 sqft
    2019-10-01 52 days 1,776 sqft
    2019-11-01 53 days 1,768 sqft
    2019-12-01 61 days 1,776 sqft
    2020-01-01 66 days 1,787 sqft
    2020-02-01 52 days 1,715 sqft
    2020-03-01 48 days 1,769 sqft
    2020-04-01 52 days 1,769 sqft
    2020-05-01 64 days 1,793 sqft
    2020-06-01 69 days 1,841 sqft
    2020-07-01 52 days 1,858 sqft
    2020-08-01 47 days 1,920 sqft
    2020-09-01 36 days 2,004 sqft
    2020-10-01 37 days 1,992 sqft
    2020-11-01 40 days 1,957 sqft
    2020-12-01 44 days 1,876 sqft
    2021-01-01 49 days 1,823 sqft
    2021-02-01 39 days 1,822 sqft
    2021-03-01 25 days 1,811 sqft
    2021-04-01 27 days 1,802 sqft
    2021-05-01 23 days 1,822 sqft
    2021-06-01 22 days 1,787 sqft
    2021-07-01 26 days 1,760 sqft
    2021-08-01 26 days 1,685 sqft
    2021-09-01 30 days 1,707 sqft
    2021-10-01 37 days 1,782 sqft
    2021-11-01 36 days 1,833 sqft
    2021-12-01 42 days 1,791 sqft
    2022-01-01 39 days 1,800 sqft
    2022-02-01 31 days 1,896 sqft
    2022-03-01 23 days 1,898 sqft
    2022-04-01 25 days 1,842 sqft
    2022-05-01 25 days 1,833 sqft
    2022-06-01 29 days 1,800 sqft
    2022-07-01 31 days 1,791 sqft
    2022-08-01 45 days 1,795 sqft
    2022-09-01 53 days 1,799 sqft
    2022-10-01 54 days 1,790 sqft
    2022-11-01 54 days 1,838 sqft
    2022-12-01 61 days 1,788 sqft
    2023-01-01 69 days 1,829 sqft
    2023-02-01 63 days 1,844 sqft
    2023-03-01 50 days 1,847 sqft
    2023-04-01 51 days 1,911 sqft
    2023-05-01 45 days 1,886 sqft
    2023-06-01 36 days 1,853 sqft
    2023-07-01 38 days 1,854 sqft
    2023-08-01 46 days 1,800 sqft
    2023-09-01 44 days 1,735 sqft
    2023-10-01 51 days 1,717 sqft
    2023-11-01 56 days 1,700 sqft
    2023-12-01 60 days 1,695 sqft
    2024-01-01 62 days 1,713 sqft
    2024-02-01 48 days 1,741 sqft
    2024-03-01 42 days 1,739 sqft
    2024-04-01 39 days 1,772 sqft
    2024-05-01 41 days 1,810 sqft
    2024-06-01 41 days 1,811 sqft
    2024-07-01 48 days 1,799 sqft
    2024-08-01 53 days 1,785 sqft
    2024-09-01 51 days 1,792 sqft
    2024-10-01 52 days 1,815 sqft
    2024-11-01 53 days 1,767 sqft
    2024-12-01 60 days 1,798 sqft
    2025-01-01 0 days 1,798 sqft
    Visalia's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Visalia's median square footage for active listings during the 2025-01-01 period was 1,798 sqft. One year prior, the average listing was 1,713 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).