Yuba City FHA Loans

YUBA CITY, 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.

    Yuba City's 101 lenders originated 1,004 FHA loans during 2021. The total origination value was $288,580,000, with an average FHA loan value of $287,430.

    Yuba City FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Yuba City averaged 6.24% for the week of 2022-09-23, compared to the national average (all FHA variants) of 6.08% for the same period.

    The average rate for the prior week (2022-09-16) was 6.04% and one month ago for the week of 2022-08-19, the average rate was 5.56%.

    The average rate one year ago was 3.3%.

    For refis of the same type during the week of 2022-09-23, the average rate was 5.73%.

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

    Yuba City FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Yuba City level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    Hometown Lenders, Inc. 71 3.14% $12,560
    FREEDOM MORTGAGE CORPORATION 60 2.74% $6,738
    UNITED WHOLESALE MORTGAGE, LLC 57 2.65% $9,440
    QUICKEN LOANS, LLC 54 2.71% $7,460
    FINANCE OF AMERICA MORTGAGE LLC 47 3.09% $10,654
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 36 3.28% $10,785
    LAKEVIEW LOAN SERVICING, LLC 28 2.87% $5,319
    CALIBER HOME LOANS, INC. 23 2.88% $8,452
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 23 3.48% $12,664
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 22 3.40% $11,696
    AMERICAN PACIFIC MORTGAGE CORPORATION 20 3.12% $12,216
    Mr. Cooper ( Nationstar Mortgage ) 20 3.04% $6,372
    MOVEMENT MORTGAGE, LLC 19 3.21% $12,223
    PENNYMAC LOAN SERVICES, LLC 19 2.98% $6,810
    GUILD MORTGAGE COMPANY 18 2.92% $11,099
    CALCON MUTUAL MORTGAGE LLC 17 3.74% $10,651
    VILLAGE CAPITAL MORTGAGE 17 2.65% $3,697
    HOMEBRIDGE FINANCIAL SERVICES, INC. 16 2.79% $6,470
    HOME POINT FINANCIAL CORPORATION 14 2.81% $9,972
    Paramount Residential Mortgage Group, Inc. 14 3.13% $9,562
    SUMMIT FUNDING, INC. 13 3.33% $11,415
    Commerce Home Mortgage, Inc. 12 3.21% $10,439
    Sierra Pacific Mortgage Company, Inc. 11 2.83% $10,910
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 11 3.24% $12,563
    MOUNTAIN WEST FINANCIAL, INC. 10 3.24% $13,671
    CROSSCOUNTRY MORTGAGE, LLC 8 3.00% $10,369
    LOANPAL, LLC 8 2.78% $10,014
    NEWREZ LLC 8 2.94% $6,041
    DATA MORTGAGE, INC. 8 3.08% $10,598
    PREMIER MORTGAGE RESOURCES, L.L.C. 8 3.20% $11,561
    Equity Prime Mortgage LLC 7 2.86% $7,559
    S1L, Inc. 7 3.71% $12,624
    CMG MORTGAGE, INC. 7 3.00% $10,086
    CORNERSTONE HOME LENDING, INC. 7 3.21% $9,974
    LOANDEPOT.COM, LLC 7 2.92% $9,731
    Lakeview Community Capital, LLC 5 2.85% $4,685
    ACADEMY MORTGAGE CORPORATION 5 3.58% $11,882
    HOMEAMERICAN MORTGAGE CORPORATION 4 2.88% $7,277
    BROKER SOLUTIONS, INC. 4 2.90% $10,334
    Carrington Mortgage Services, LLC 4 3.03% $10,353
    LENDUS, LLC 3 2.63% $11,375
    JPMorgan Chase Bank 3 3.08% $5,643
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 3.08% $9,898
    Amerifirst Financial, Inc. 3 3.04% $12,048
    Flagstar Bank, FSB 3 3.08% $11,014
    INTELLILOAN, INC. 3 2.83% $8,896
    First Guaranty Mortgage Corporation 3 3.08% $6,255
    OCMBC, INC. 3 2.71% $7,843
    DHI MORTGAGE COMPANY, LTD. 3 2.75% $9,164
    GENEVA FINANCIAL, LLC 3 3.38% $11,568
    RESIDENTIAL BANCORP. 2 2.93% $10,766
    ENVOY MORTGAGE, LTD 2 3.44% $8,887
    MEGA CAPITAL FUNDING, INC. 2 2.88% $9,863
    BECKAM FUNDING CORP. 2 3.56% $13,161
    PLANET HOME LENDING, LLC 2 2.63% $5,121
    Plains Commerce Bank 2 2.63% $10,308
    Golden Empire Mortgage, Inc. 2 3.00% $10,791
    AMERICAN FINANCIAL NETWORK, INC. 2 3.44% $17,265
    AMERISAVE MORTGAGE CORPORATION 2 3.44% $8,844
    TRAVIS CREDIT UNION 2 2.81% $8,690
    Hometown Equity Mortgage, LLC 2 4.19% $14,914
    The Federal Savings Bank 2 2.94% $10,923
    SUN WEST MORTGAGE COMPANY, INC. 2 2.84% $6,661
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.31% $10,996
    STEARNS LENDING, LLC 2 3.31% $17,081
    FBC MORTGAGE, LLC 2 3.69% $13,313
    Wyndham Capital Mortgage, Inc. 1 3.00% $9,189
    AMERICAN FINANCING CORPORATION 1 3.75% $10,931
    AmeriHome Mortgage Company, LLC 1 3.13% $4,664
    Austin Capital Bank SSB 1 4.25% $10,333
    Banner Bank 1 2.75% $9,640
    BEST CAPITAL FUNDING 1 3.50% $10,413
    CALCULATED RISK ANALYTICS LLC 1 2.25% $9,579
    CANOPY MORTGAGE, LLC 1 3.13% $12,290
    CELEBRITY HOME LOANS, LLC 1 3.13% $6,795
    EAGLE HOME MORTGAGE, LLC 1 3.50% $9,864
    First Savings Bank 1 2.38% $15,966
    GUARANTEED RATE, INC. 1 2.25% $12,771
    HighTechLending Inc 1 4.25% $16,767
    HOME FUNDING CORPORATION 1 3.25% $9,735
    HOMESIDE FINANCIAL, LLC 1 3.25% $9,934
    INSPIRE HOME LOANS INC. 1 3.75% $13,733
    InterContinental Capital Group, Inc 1 2.63% $6,664
    LAND HOME FINANCIAL SERVICES, INC. 1 3.50% $13,723
    Manufacturers and Traders Trust Company 1 3.25% $7,582
    MUTUAL OF OMAHA MORTGAGE, INC. 1 3.00% $8,207
    NATIONS DIRECT MORTGAGE, LLC 1 3.25% $10,331
    Nations Lending Corporation 1 3.25% $13,019
    NATIONS RELIABLE LENDING, LLC 1 3.25% $10,866
    NETWORK CAPITAL FUNDING CORPORATION 1 3.88% $12,077
    Peoples Bank 1 3.13% $9,237
    PLAZA HOME MORTGAGE, INC. 1 2.38% $3,973
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.13% $11,023
    RANLIFE, INC. 1 3.13% $10,308
    SCENIC OAKS FUNDING, INC. 1 2.63% $11,334
    SOUTHWEST STAGE FUNDING, LLC 1 3.25% $7,541
    SOVEREIGN LENDING GROUP INCORPORATED 1 2.88% $8,196
    THE GOLDEN 1 1 3.13% $8,005
    TJC Mortgage, Inc. 1 3.25% $10,147
    Umpqua Bank 1 3.13% $10,269
    U.S. Bank 1 3.25% $7,825

    The top Yuba City FHA lender as defined by loan originations is Hometown Lenders, Inc., with 71 FHA loans originated. Their average total fees are $12,560, which is $5,822 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

    The lowest fee Yuba City FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($3,697), LAKEVIEW LOAN SERVICING, LLC ($5,319), Mr. Cooper ( Nationstar Mortgage ) ($6,372), HOMEBRIDGE FINANCIAL SERVICES, INC. ($6,470) and FREEDOM MORTGAGE CORPORATION ($6,738).

    The lowest rate Yuba City FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (2.65%), VILLAGE CAPITAL MORTGAGE (2.65%), QUICKEN LOANS, LLC (2.71%), FREEDOM MORTGAGE CORPORATION (2.74%) and HOMEBRIDGE FINANCIAL SERVICES, INC. (2.79%).

    Yuba City FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    YUBA CITY, CA SUTTER 2022 $420,900 $538,800 $651,300 $809,450
    YUBA CITY, CA YUBA 2022 $420,900 $538,800 $651,300 $809,450

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Yuba City (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 $299,950 (7.4%) $365,509 (6.8%) 1.10 442
    2018-02-01 $315,000 (9.0%) $379,205 (11.6%) 1.14 431
    2018-03-01 $325,000 (11.1%) $404,468 (18.8%) 1.12 418
    2018-04-01 $339,200 (13.4%) $411,895 (16.4%) 1.14 444
    2018-05-01 $330,000 (10.6%) $407,507 (11.9%) 1.10 493
    2018-06-01 $334,900 (11.8%) $407,512 (10.8%) 1.12 523
    2018-07-01 $326,750 (5.7%) $393,250 (7.2%) 1.09 588
    2018-08-01 $319,950 (6.7%) $381,704 (4.2%) 1.07 650
    2018-09-01 $320,000 (5.0%) $376,005 (2.7%) 1.07 675
    2018-10-01 $315,000 (5.1%) $375,716 (4.2%) 1.05 682
    2018-11-01 $309,450 (3.2%) $373,998 (2.3%) 1.04 629
    2018-12-01 $305,000 (1.7%) $364,957 (-0.6%) 1.04 526
    2019-01-01 $304,900 (1.7%) $354,702 (-3.0%) 1.05 437
    2019-02-01 $318,950 (1.3%) $397,019 (4.7%) 1.07 433
    2019-03-01 $328,569 (1.1%) $409,032 (1.1%) 1.07 405
    2019-04-01 $338,567 (-0.2%) $410,053 (-0.5%) 1.07 415
    2019-05-01 $333,650 (1.1%) $418,532 (2.7%) 1.03 463
    2019-06-01 $339,000 (1.2%) $416,739 (2.3%) 1.04 499
    2019-07-01 $339,950 (4.0%) $885,883 (125.3%) 1.06 556
    2019-08-01 $339,729 (6.2%) $938,825 (146.0%) 1.07 554
    2019-09-01 $337,250 (5.4%) $383,566 (2.0%) 1.07 539
    2019-10-01 $334,950 (6.3%) $384,492 (2.3%) 1.07 528
    2019-11-01 $347,900 (12.4%) $393,928 (5.3%) 1.12 498
    2019-12-01 $343,950 (12.8%) $420,384 (15.2%) 1.15 405
    2020-01-01 $337,450 (10.7%) $424,601 (19.7%) 1.13 359
    2020-02-01 $363,000 (13.8%) $446,315 (12.4%) 1.17 368
    2020-03-01 $381,950 (16.3%) $438,985 (7.3%) 1.19 395
    2020-04-01 $381,578 (12.7%) $440,201 (7.4%) 1.19 394
    2020-05-01 $399,500 (19.7%) $458,805 (9.6%) 1.21 354
    2020-06-01 $399,000 (17.7%) $459,994 (10.4%) 1.17 308
    2020-07-01 $399,250 (17.4%) $462,603 (-47.8%) 1.14 273
    2020-08-01 $399,000 (17.5%) $462,949 (-50.7%) 1.14 245
    2020-09-01 $404,900 (20.1%) $469,668 (22.5%) 1.16 224
    2020-10-01 $405,000 (20.9%) $486,243 (26.5%) 1.16 247
    2020-11-01 $406,950 (17.0%) $500,339 (27.0%) 1.17 214
    2020-12-01 $432,500 (25.8%) $526,364 (25.2%) 1.27 175
    2021-01-01 $445,000 (31.9%) $599,764 (41.3%) 1.31 123
    2021-02-01 $445,236 (22.7%) $580,315 (30.0%) 1.28 137
    2021-03-01 $424,900 (11.2%) $577,264 (31.5%) 1.19 134
    2021-04-01 $404,500 (6.0%) $537,332 (22.1%) 1.09 160
    2021-05-01 $419,900 (5.1%) $560,210 (22.1%) 1.11 164
    2021-06-01 $427,450 (7.1%) $578,599 (25.8%) 1.11 195
    2021-07-01 $430,250 (7.8%) $560,760 (21.2%) 1.12 213
    2021-08-01 $415,000 (4.0%) $536,560 (15.9%) 1.09 203
    2021-09-01 $420,000 (3.7%) $531,942 (13.3%) 1.11 214
    2021-10-01 $429,990 (6.2%) $541,912 (11.5%) 1.13 229
    2021-11-01 $438,745 (7.8%) $533,751 (6.7%) 1.16 218
    2021-12-01 $438,995 (1.5%) $497,783 (-5.4%) 1.17 161
    2022-01-01 $446,000 (0.2%) $507,180 (-15.4%) 1.19 145
    2022-02-01 $467,450 (5.0%) $515,932 (-11.1%) 1.19 143
    2022-03-01 $475,000 (11.8%) $532,572 (-7.7%) 1.17 176
    2022-04-01 $470,000 (16.2%) $525,594 (-2.2%) 1.11 210
    2022-05-01 $491,450 (17.0%) $526,728 (-6.0%) 1.10 266
    2022-06-01 $477,000 (11.6%) $531,561 (-8.1%) 1.06 334
    2022-07-01 $470,000 (9.2%) $524,872 (-6.4%) 1.05 380
    2022-08-01 $459,900 (10.8%) $517,830 (-3.5%) 1.06 448
    Yuba City's median listing price for 2022-08-01 was $459,900, a difference of $44,900 (10.8%) versus the prior year and $-10,100 versus the prior month.

    Yuba City's median listing price comes in at 106% of the national average.

    Yuba City's average listing price for 2022-08-01 was $517,830, a difference of $-18,730 (-3.5%) versus the prior year and $-7,042 versus the prior month.

    For the 2022-08-01 period, Yuba City had 448 MLS listings, a difference of 68 listings (18%) versus the prior month and 245 listings (121%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Yuba City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 74 days 1,848 sqft
    2018-02-01 66 days 1,855 sqft
    2018-03-01 49 days 1,884 sqft
    2018-04-01 46 days 1,895 sqft
    2018-05-01 42 days 1,899 sqft
    2018-06-01 44 days 1,878 sqft
    2018-07-01 44 days 1,832 sqft
    2018-08-01 45 days 1,811 sqft
    2018-09-01 52 days 1,836 sqft
    2018-10-01 54 days 1,818 sqft
    2018-11-01 57 days 1,738 sqft
    2018-12-01 66 days 1,720 sqft
    2019-01-01 67 days 1,697 sqft
    2019-02-01 57 days 1,737 sqft
    2019-03-01 55 days 1,741 sqft
    2019-04-01 48 days 1,734 sqft
    2019-05-01 37 days 1,718 sqft
    2019-06-01 43 days 1,750 sqft
    2019-07-01 43 days 1,756 sqft
    2019-08-01 49 days 1,763 sqft
    2019-09-01 51 days 1,773 sqft
    2019-10-01 51 days 1,820 sqft
    2019-11-01 51 days 1,907 sqft
    2019-12-01 63 days 1,878 sqft
    2020-01-01 71 days 1,863 sqft
    2020-02-01 45 days 1,896 sqft
    2020-03-01 38 days 1,950 sqft
    2020-04-01 44 days 1,951 sqft
    2020-05-01 59 days 2,048 sqft
    2020-06-01 51 days 2,050 sqft
    2020-07-01 57 days 2,036 sqft
    2020-08-01 49 days 2,000 sqft
    2020-09-01 37 days 2,009 sqft
    2020-10-01 36 days 2,000 sqft
    2020-11-01 48 days 1,914 sqft
    2020-12-01 51 days 1,950 sqft
    2021-01-01 53 days 1,996 sqft
    2021-02-01 24 days 1,892 sqft
    2021-03-01 30 days 1,877 sqft
    2021-04-01 30 days 1,873 sqft
    2021-05-01 31 days 1,863 sqft
    2021-06-01 24 days 1,784 sqft
    2021-07-01 27 days 1,809 sqft
    2021-08-01 36 days 1,664 sqft
    2021-09-01 37 days 1,655 sqft
    2021-10-01 38 days 1,714 sqft
    2021-11-01 42 days 1,742 sqft
    2021-12-01 49 days 1,745 sqft
    2022-01-01 48 days 1,767 sqft
    2022-02-01 35 days 1,772 sqft
    2022-03-01 27 days 1,801 sqft
    2022-04-01 26 days 1,744 sqft
    2022-05-01 28 days 1,840 sqft
    2022-06-01 30 days 1,826 sqft
    2022-07-01 39 days 1,790 sqft
    2022-08-01 44 days 1,766 sqft
    Yuba City's median listing age (time on market) for 2022-08-01 was 44 days. This is 22% longer than the same period one year ago.

    Yuba City's median square footage for active listings during the 2022-08-01 period was 1,766 sqft. One year prior, the average listing was 1,664 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).