Yuba City FHA Loan Rates, Closing Costs & Stats

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 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 6.02% for the week of 2024-10-11, compared to the national average (all FHA variants) of 6.1% for the same period.

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

The average rate for the prior week (2024-10-04) was 5.44% and one month ago for the week of 2024-09-06, the average rate was 5.97%.

The average rate one year ago was 6.99%.

For refis of the same type during the week of 2024-10-11, the average rate was 5.91%.

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
2024-04-01 $469,356 (-1.2%) $498,365 (-7.4%) 1.09 264
2024-05-01 $484,172 (3.0%) $514,425 (-4.6%) 1.09 298
2024-06-01 $480,000 (0.1%) $523,630 (-5.3%) 1.08 340
2024-07-01 $475,082 (-0.8%) $518,390 (-3.6%) 1.09 340
2024-08-01 $480,000 (2.3%) $525,251 (1.7%) 1.12 348
2024-09-01 $484,950 (3.4%) $523,342 (2.5%) 1.14 355
Yuba City's median listing price for 2024-09-01 was $484,950, a difference of $15,950 (3.4%) versus the prior year and $4,950 versus the prior month.

Yuba City's median listing price comes in at 114% of the national average.

Yuba City's average listing price for 2024-09-01 was $523,342, a difference of $12,762 (2.5%) versus the prior year and $-1,909 versus the prior month.

For the 2024-09-01 period, Yuba City had 355 MLS listings, a difference of 7 listings (2%) versus the prior month and 110 listings (45%) 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
2024-04-01 41 days 1,818 sqft
2024-05-01 35 days 1,840 sqft
2024-06-01 39 days 1,832 sqft
2024-07-01 46 days 1,818 sqft
2024-08-01 50 days 1,837 sqft
2024-09-01 51 days 1,859 sqft
Yuba City's median listing age (time on market) for 2024-09-01 was 51 days. This is 28% longer than the same period one year ago.

Yuba City's median square footage for active listings during the 2024-09-01 period was 1,859 sqft. One year prior, the average listing was 1,900 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).