Yuba City FHA Loans

YUBA CITY, 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.

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).