Yuba City FHA Loan Rates, Closing Costs & Stats

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 85 lenders originated 547 FHA loans during 2023. The total origination value was $202,905,000, with an average FHA loan value of $370,941.

    Yuba City FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Yuba City averaged 6.38% for the week of 2024-04-19, compared to the national average (all FHA variants) of 6.855% for the same period.

    Yuba City's average FHA mortgage closing costs are $14,125.

    The average rate for the prior week (2024-04-12) was 6.47% and one month ago for the week of 2024-03-15, the average rate was 6.33%.

    The average rate one year ago was 6.16%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

    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/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Yuba City level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 114 6.19% $14,481
    QUICKEN LOANS, LLC 38 6.22% $14,235
    LOANDEPOT.COM, LLC 34 6.38% $12,535
    AMERICAN PACIFIC MORTGAGE CORPORATION 28 6.58% $17,697
    GUILD MORTGAGE COMPANY 22 6.51% $16,418
    Century Mortgage Company DBA Century Lending Company 18 6.49% $15,291
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 16 6.17% $17,727
    Sierra Pacific Mortgage Company, Inc. 16 6.38% $17,123
    HOMEAMERICAN MORTGAGE CORPORATION 14 5.80% $9,563
    KBHS HOME LOANS, LLC 14 6.50% $18,994
    Paramount Residential Mortgage Group, Inc. 14 6.57% $14,076
    PLANET HOME LENDING, LLC 12 6.04% $15,564
    PREMIER MORTGAGE RESOURCES, L.L.C. 11 6.75% $17,525
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 10 6.02% $15,283
    CROSSCOUNTRY MORTGAGE, LLC 9 5.99% $16,066
    EAGLE HOME MORTGAGE, LLC 7 5.21% $16,335
    SUMMIT FUNDING, INC. 6 6.39% $20,019
    Flagstar Bank, FSB 6 6.47% $15,384
    BROKER SOLUTIONS, INC. 6 6.25% $14,053
    NFM, INC. 5 5.98% $16,065
    NEWREZ LLC 4 6.44% $14,833
    CMG MORTGAGE, INC. 4 6.66% $12,935
    AMERISAVE MORTGAGE CORPORATION 4 5.97% $16,486
    FREEDOM MORTGAGE CORPORATION 4 7.00% $19,568
    CARDINAL FINANCIAL 4 6.19% $13,056
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.08% $20,308
    MOVEMENT MORTGAGE, LLC 3 6.67% $20,617
    PENNYMAC LOAN SERVICES, LLC 3 5.96% $18,466
    SUN WEST MORTGAGE COMPANY, INC. 3 6.58% $10,374
    Carrington Mortgage Services, LLC 3 6.08% $16,654
    ACADEMY MORTGAGE CORPORATION 2 6.19% $16,661
    AMERICAN FINANCIAL NETWORK, INC. 2 6.13% $15,648
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 5.94% $18,977
    CALCON MUTUAL MORTGAGE LLC 2 6.13% $21,933
    CORNERSTONE HOME LENDING, INC. 2 5.75% $9,609
    DHI MORTGAGE COMPANY, LTD. 2 5.25% $12,603
    Equity Prime Mortgage LLC 2 7.56% $18,913
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 2 5.81% $13,328
    GUARANTEED RATE AFFINITY, LLC 2 6.80% $14,547
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 5.81% $13,423
    MOUNTAIN WEST FINANCIAL, INC. 2 6.81% $16,242
    Mr. Cooper ( Nationstar Mortgage ) 2 6.75% $15,760
    PACIFIC RESIDENTIAL MORTGAGE, LLC 2 6.81% $20,366
    Plains Commerce Bank 2 5.94% $11,750
    S1L, Inc. 2 5.75% $19,267
    THE GOLDEN 1 2 6.19% $11,681
    U.S. Bank 2 6.94% $17,905
    ZILLOW HOME LOANS, LLC 2 6.19% $10,284
    MASON MCDUFFIE MORTGAGE CORPORATION 1 4.75% $12,029
    MICHIGAN MUTUAL, INC. 1 5.00% $23,762
    MLB RESIDENTIAL LENDING, LLC 1 7.25% $15,999
    MLD MORTGAGE INC. 1 6.25% $15,841
    Mortgage Research Center, LLC 1 7.99% $5,307
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.13% $19,417
    TOP FLITE FINANCIAL, INC. 1 6.75% $23,786
    Commerce Home Mortgage, Inc. 1 7.00% $17,091
    Umpqua Bank 1 7.63% $14,623
    NATIONS DIRECT MORTGAGE, LLC 1 5.25% $16,418
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.75% $14,856
    Citibank 1 5.75% $13,574
    ONY GLO, INC. 1 6.00% $9,173
    ALAMEDA MORTGAGE CORPORATION 1 6.75% $12,628
    CANOPY MORTGAGE, LLC 1 6.13% $12,076
    AXIA FINANCIAL, LLC 1 7.25% $15,889
    Wells Fargo Bank 1 6.50% $8,803
    ARC HOME LLC 1 5.88% $24,423
    PLAZA HOME MORTGAGE, INC. 1 8.25% $11,620
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.75% $12,511
    American Mortgage & Equity Consultants, Inc. 1 7.38% $22,111
    AMERICAN FINANCING CORPORATION 1 5.63% $21,879
    VILLAGE CAPITAL MORTGAGE 1 6.75% $18,156
    SCHOOLSFIRST 1 6.25% $9,500
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.75% $13,783
    SNAPFI, INC. 1 5.75% $18,662
    AMCAP MORTGAGE, LTD. 1 5.75% $15,635
    ALLIED MORTGAGE GROUP, INC. 1 6.63% $19,381
    V.I.P. MORTGAGE, INC. 1 5.63% $26,581
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 5.63% $17,887
    INTERNATIONAL CITY MORTGAGE, INC. 1 5.88% $12,642
    JMAC LENDING, INC. 1 5.88% $20,214
    JPMorgan Chase Bank 1 6.50% $5,988
    GUARANTEED RATE, INC. 1 5.13% $26,204
    Franklin Loan Corporation 1 5.75% $16,238
    First-Citizens Bank & Trust Company 1 6.25% $13,077
    LOANPAL, LLC 1 6.75% $13,325

    The top Yuba City FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 114 FHA loans originated. Their average total fees are $14,481, which is $246 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Yuba City FHA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION ($9,563), LOANDEPOT.COM, LLC ($12,535), Paramount Residential Mortgage Group, Inc. ($14,076), QUICKEN LOANS, LLC ($14,235) and UNITED WHOLESALE MORTGAGE, LLC ($14,481).

    The lowest rate Yuba City FHA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION (5.80%), K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. (6.02%), PLANET HOME LENDING, LLC (6.04%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.17%) and UNITED WHOLESALE MORTGAGE, LLC (6.19%).

    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
    YUBA CITY, CA SUTTER 2023 $488,750 $625,700 $756,300 $939,900
    YUBA CITY, CA YUBA 2023 $488,750 $625,700 $756,300 $939,900

    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 $299,900 (9.9%) $357,671 (6.7%) 1.11 328
    2018-02-01 $305,011 (5.6%) $360,799 (6.5%) 1.11 320
    2018-03-01 $318,000 (9.1%) $371,630 (10.1%) 1.12 307
    2018-04-01 $332,500 (11.6%) $383,980 (9.4%) 1.13 325
    2018-05-01 $329,450 (11.1%) $384,696 (7.4%) 1.10 364
    2018-06-01 $328,850 (9.6%) $382,254 (6.5%) 1.10 390
    2018-07-01 $320,963 (7.0%) $367,120 (2.3%) 1.07 443
    2018-08-01 $317,475 (6.2%) $359,482 (1.0%) 1.06 490
    2018-09-01 $319,900 (7.0%) $356,294 (2.0%) 1.08 498
    2018-10-01 $312,500 (5.9%) $354,209 (2.7%) 1.06 499
    2018-11-01 $306,450 (3.9%) $346,966 (0.0%) 1.04 462
    2018-12-01 $300,000 (1.7%) $333,814 (-5.0%) 1.03 377
    2019-01-01 $299,900 (0.0%) $338,154 (-5.5%) 1.04 315
    2019-02-01 $312,450 (2.4%) $360,747 (0.0%) 1.06 316
    2019-03-01 $322,740 (1.5%) $374,282 (0.7%) 1.06 305
    2019-04-01 $328,218 (-1.3%) $376,842 (-1.9%) 1.04 316
    2019-05-01 $327,175 (-0.7%) $386,288 (0.4%) 1.02 362
    2019-06-01 $333,700 (1.5%) $379,663 (-0.7%) 1.04 386
    2019-07-01 $335,000 (4.4%) $382,724 (4.3%) 1.05 419
    2019-08-01 $330,545 (4.1%) $371,312 (3.3%) 1.05 423
    2019-09-01 $329,113 (2.9%) $366,782 (2.9%) 1.05 420
    2019-10-01 $331,634 (6.1%) $366,883 (3.6%) 1.07 397
    2019-11-01 $339,000 (10.6%) $379,836 (9.5%) 1.11 384
    2019-12-01 $329,950 (10.0%) $393,866 (18.0%) 1.10 316
    2020-01-01 $333,250 (11.1%) $381,398 (12.8%) 1.11 284
    2020-02-01 $349,999 (12.0%) $395,475 (9.6%) 1.15 287
    2020-03-01 $359,975 (11.5%) $416,798 (11.4%) 1.13 300
    2020-04-01 $360,000 (9.7%) $418,794 (11.1%) 1.13 299
    2020-05-01 $389,475 (19.0%) $445,558 (15.3%) 1.18 250
    2020-06-01 $386,900 (15.9%) $439,568 (15.8%) 1.14 219
    2020-07-01 $386,475 (15.4%) $445,305 (16.4%) 1.12 200
    2020-08-01 $375,000 (13.5%) $441,066 (18.8%) 1.07 190
    2020-09-01 $392,500 (19.3%) $453,492 (23.6%) 1.12 170
    2020-10-01 $385,000 (16.1%) $457,886 (24.8%) 1.10 189
    2020-11-01 $402,500 (18.7%) $455,454 (19.9%) 1.18 157
    2020-12-01 $404,425 (22.6%) $449,627 (14.2%) 1.20 135
    2021-01-01 $399,900 (20.0%) $483,744 (26.8%) 1.19 99
    2021-02-01 $402,475 (15.0%) $502,939 (27.2%) 1.17 115
    2021-03-01 $408,500 (13.5%) $503,411 (20.8%) 1.16 116
    2021-04-01 $405,000 (12.5%) $491,753 (17.4%) 1.10 140
    2021-05-01 $419,900 (7.8%) $506,822 (13.8%) 1.12 138
    2021-06-01 $432,500 (11.8%) $559,511 (27.3%) 1.14 182
    2021-07-01 $429,900 (11.2%) $540,832 (21.5%) 1.13 212
    2021-08-01 $417,475 (11.3%) $504,225 (14.3%) 1.11 204
    2021-09-01 $422,500 (7.6%) $505,573 (11.5%) 1.13 222
    2021-10-01 $429,995 (11.7%) $521,346 (13.9%) 1.15 226
    2021-11-01 $440,450 (9.4%) $533,278 (17.1%) 1.18 223
    2021-12-01 $443,000 (9.5%) $514,124 (14.3%) 1.20 166
    2022-01-01 $452,500 (13.2%) $524,805 (8.5%) 1.22 148
    2022-02-01 $474,950 (18.0%) $532,033 (5.8%) 1.24 150
    2022-03-01 $477,000 (16.8%) $537,959 (6.9%) 1.19 178
    2022-04-01 $475,000 (17.3%) $529,955 (7.8%) 1.13 212
    2022-05-01 $492,890 (17.4%) $528,117 (4.2%) 1.13 272
    2022-06-01 $480,117 (11.0%) $532,822 (-4.8%) 1.07 328
    2022-07-01 $470,000 (9.3%) $524,666 (-3.0%) 1.06 373
    2022-08-01 $459,900 (10.2%) $516,903 (2.5%) 1.06 432
    2022-09-01 $455,000 (7.7%) $508,772 (0.6%) 1.06 422
    2022-10-01 $451,500 (5.0%) $504,582 (-3.2%) 1.06 403
    2022-11-01 $457,750 (3.9%) $514,050 (-3.6%) 1.10 376
    2022-12-01 $452,900 (2.2%) $512,768 (-0.3%) 1.12 321
    2023-01-01 $459,900 (1.6%) $511,818 (-2.5%) 1.14 279
    2023-02-01 $459,725 (-3.2%) $508,514 (-4.4%) 1.11 279
    2023-03-01 $472,475 (-1.0%) $523,697 (-2.7%) 1.11 262
    2023-04-01 $475,000 (0.0%) $538,148 (1.6%) 1.10 209
    2023-05-01 $469,875 (-4.7%) $538,921 (2.1%) 1.07 209
    2023-06-01 $479,500 (-0.1%) $553,010 (3.8%) 1.08 216
    2023-07-01 $479,000 (1.9%) $537,840 (2.5%) 1.09 225
    2023-08-01 $469,225 (2.0%) $516,377 (-0.1%) 1.08 230
    2023-09-01 $469,000 (3.1%) $510,580 (0.4%) 1.09 245
    2023-10-01 $459,875 (1.9%) $507,553 (0.6%) 1.08 255
    2023-11-01 $471,950 (3.1%) $497,881 (-3.2%) 1.12 259
    2023-12-01 $459,999 (1.6%) $487,451 (-4.9%) 1.12 242
    2024-01-01 $462,000 (0.5%) $478,860 (-6.4%) 1.13 220
    2024-02-01 $465,444 (1.2%) $482,334 (-5.2%) 1.12 205
    2024-03-01 $467,000 (-1.2%) $481,521 (-8.1%) 1.10 229
    Yuba City's median listing price for 2024-03-01 was $467,000, a difference of $-5,475 (-1.2%) versus the prior year and $1,556 versus the prior month.

    Yuba City's median listing price comes in at 110% of the national average.

    Yuba City's average listing price for 2024-03-01 was $481,521, a difference of $-42,176 (-8.1%) versus the prior year and $-813 versus the prior month.

    For the 2024-03-01 period, Yuba City had 229 MLS listings, a difference of 24 listings (12%) versus the prior month and -33 listings (-13%) 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 69 days 1,841 sqft
    2018-02-01 61 days 1,847 sqft
    2018-03-01 47 days 1,876 sqft
    2018-04-01 43 days 1,885 sqft
    2018-05-01 38 days 1,888 sqft
    2018-06-01 41 days 1,853 sqft
    2018-07-01 40 days 1,807 sqft
    2018-08-01 43 days 1,786 sqft
    2018-09-01 52 days 1,827 sqft
    2018-10-01 55 days 1,784 sqft
    2018-11-01 57 days 1,718 sqft
    2018-12-01 66 days 1,712 sqft
    2019-01-01 61 days 1,638 sqft
    2019-02-01 52 days 1,676 sqft
    2019-03-01 47 days 1,681 sqft
    2019-04-01 43 days 1,688 sqft
    2019-05-01 38 days 1,681 sqft
    2019-06-01 44 days 1,728 sqft
    2019-07-01 46 days 1,734 sqft
    2019-08-01 50 days 1,743 sqft
    2019-09-01 55 days 1,759 sqft
    2019-10-01 58 days 1,791 sqft
    2019-11-01 58 days 1,867 sqft
    2019-12-01 72 days 1,826 sqft
    2020-01-01 73 days 1,853 sqft
    2020-02-01 47 days 1,865 sqft
    2020-03-01 45 days 1,895 sqft
    2020-04-01 52 days 1,865 sqft
    2020-05-01 71 days 2,033 sqft
    2020-06-01 75 days 2,006 sqft
    2020-07-01 73 days 1,933 sqft
    2020-08-01 48 days 1,906 sqft
    2020-09-01 44 days 1,990 sqft
    2020-10-01 44 days 1,865 sqft
    2020-11-01 51 days 1,862 sqft
    2020-12-01 63 days 1,840 sqft
    2021-01-01 54 days 1,812 sqft
    2021-02-01 27 days 1,828 sqft
    2021-03-01 33 days 1,805 sqft
    2021-04-01 26 days 1,861 sqft
    2021-05-01 29 days 1,850 sqft
    2021-06-01 25 days 1,788 sqft
    2021-07-01 27 days 1,750 sqft
    2021-08-01 38 days 1,656 sqft
    2021-09-01 37 days 1,661 sqft
    2021-10-01 38 days 1,716 sqft
    2021-11-01 42 days 1,754 sqft
    2021-12-01 51 days 1,759 sqft
    2022-01-01 49 days 1,791 sqft
    2022-02-01 32 days 1,760 sqft
    2022-03-01 25 days 1,806 sqft
    2022-04-01 26 days 1,754 sqft
    2022-05-01 29 days 1,846 sqft
    2022-06-01 32 days 1,834 sqft
    2022-07-01 40 days 1,790 sqft
    2022-08-01 47 days 1,784 sqft
    2022-09-01 48 days 1,794 sqft
    2022-10-01 54 days 1,818 sqft
    2022-11-01 62 days 1,802 sqft
    2022-12-01 69 days 1,756 sqft
    2023-01-01 74 days 1,801 sqft
    2023-02-01 54 days 1,789 sqft
    2023-03-01 53 days 1,853 sqft
    2023-04-01 50 days 1,866 sqft
    2023-05-01 38 days 1,870 sqft
    2023-06-01 39 days 1,947 sqft
    2023-07-01 46 days 1,924 sqft
    2023-08-01 45 days 1,905 sqft
    2023-09-01 40 days 1,900 sqft
    2023-10-01 47 days 1,878 sqft
    2023-11-01 52 days 1,867 sqft
    2023-12-01 52 days 1,810 sqft
    2024-01-01 58 days 1,784 sqft
    2024-02-01 58 days 1,787 sqft
    2024-03-01 44 days 1,780 sqft
    Yuba City's median listing age (time on market) for 2024-03-01 was 44 days. This is -17% shorter than the same period one year ago.

    Yuba City's median square footage for active listings during the 2024-03-01 period was 1,780 sqft. One year prior, the average listing was 1,853 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).