California FHA Loan Rates, Closing Costs & Stats

California

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.

California FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in California averaged 5.95% for the week of 2023-01-27, compared to the national average (all FHA variants) of 6.186% for the same period.

California's average FHA mortgage closing costs are $11,231.

The average rate for the prior week (2023-01-20) was 6.02% and one month ago for the week of 2022-12-23, the average rate was 6.41%.

The average rate one year ago was 3.6%.

For refis of the same type during the week of 2023-01-27, the average rate was 5.74%.

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

California 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 California level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 7,124 2.70% $12,679
QUICKEN LOANS, LLC 6,596 2.62% $9,649
FREEDOM MORTGAGE CORPORATION 3,965 2.69% $7,687
CALIBER HOME LOANS, INC. 3,131 2.76% $11,130
LOANDEPOT.COM, LLC 2,594 3.02% $13,856
HOME POINT FINANCIAL CORPORATION 2,274 2.71% $11,302
LAKEVIEW LOAN SERVICING, LLC 2,199 2.81% $6,887
Mr. Cooper ( Nationstar Mortgage ) 2,058 3.03% $6,902
PENNYMAC LOAN SERVICES, LLC 1,967 2.92% $7,991
AMERICAN PACIFIC MORTGAGE CORPORATION 1,937 3.06% $12,981
HOMEBRIDGE FINANCIAL SERVICES, INC. 1,702 2.80% $11,221
BROKER SOLUTIONS, INC. 1,626 3.02% $12,234
AMERICAN FINANCIAL NETWORK, INC. 1,595 2.96% $15,838
Lakeview Community Capital, LLC 1,551 2.81% $6,720
FINANCE OF AMERICA MORTGAGE LLC 1,513 2.90% $13,060
GUILD MORTGAGE COMPANY 1,469 2.97% $13,360
Paramount Residential Mortgage Group, Inc. 1,456 3.13% $12,563
Commerce Home Mortgage, Inc. 1,403 3.05% $12,242
CROSSCOUNTRY MORTGAGE, LLC 1,375 3.04% $13,813
Carrington Mortgage Services, LLC 1,359 3.24% $12,277
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1,279 3.21% $13,755
NEWREZ LLC 1,193 2.83% $9,341
Equity Prime Mortgage LLC 1,127 3.10% $13,052
OCMBC, INC. 1,074 2.89% $13,183
VILLAGE CAPITAL MORTGAGE 1,016 2.62% $4,202
SUMMIT FUNDING, INC. 1,011 3.21% $13,450
BECKAM FUNDING CORP. 971 3.83% $22,899
SUN WEST MORTGAGE COMPANY, INC. 909 2.94% $12,231
Sierra Pacific Mortgage Company, Inc. 870 2.90% $11,658
Golden Empire Mortgage, Inc. 773 3.17% $14,039
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 771 3.14% $13,213
MOUNTAIN WEST FINANCIAL, INC. 738 3.13% $14,103
Hometown Equity Mortgage, LLC 713 3.16% $14,400
NATIONS DIRECT MORTGAGE, LLC 667 2.95% $13,164
DHI MORTGAGE COMPANY, LTD. 656 2.77% $11,464
MOVEMENT MORTGAGE, LLC 656 3.12% $12,215
CMG MORTGAGE, INC. 588 2.94% $14,454
COUNTRY CLUB MORTGAGE, INC. 572 2.95% $10,108
PLANET HOME LENDING, LLC 566 2.75% $9,935
GUARANTEED RATE, INC. 550 2.92% $13,544
Flagstar Bank, FSB 516 2.87% $12,603
First Guaranty Mortgage Corporation 431 2.78% $9,516
KBHS HOME LOANS, LLC 423 2.93% $15,410
STEARNS LENDING, LLC 418 2.86% $11,945
ALAMEDA MORTGAGE CORPORATION 401 3.13% $11,620
KINGS MORTGAGE SERVICES, INC. 386 2.86% $9,559
RESIDENTIAL BANCORP. 364 3.16% $13,117
Franklin Loan Corporation 351 3.15% $13,301
AMERISAVE MORTGAGE CORPORATION 349 2.84% $11,318
AmeriHome Mortgage Company, LLC 334 2.80% $7,189
PRIMELENDING, A PLAINSCAPITAL COMPANY 324 3.18% $13,858
HOME APPROVALS DIRECT, INC. 324 3.04% $15,360
Pacific Lending LLC 320 3.08% $12,060
INSPIRE HOME LOANS INC. 319 3.27% $13,731
Platinum Home Mortgage Corporation 315 3.09% $14,152
Nations Lending Corporation 308 3.17% $12,859
EAGLE HOME MORTGAGE, LLC 303 3.11% $13,931
FBC MORTGAGE, LLC 296 3.04% $11,689
Hometown Lenders, Inc. 288 3.10% $12,829
PRIMARY RESIDENTIAL MORTGAGE, INC. 266 3.28% $14,191
CELEBRITY HOME LOANS, LLC 263 3.08% $12,232
CALCULATED RISK ANALYTICS LLC 259 3.06% $12,982
InterContinental Capital Group, Inc 258 2.62% $9,417
DIGNIFIED HOME LOANS, LLC 254 2.87% $10,596
MASON MCDUFFIE MORTGAGE CORPORATION 253 2.89% $13,254
BAY EQUITY LLC 240 3.05% $13,943
Amerifirst Financial, Inc. 232 3.15% $10,926
ML Mortgage Corp. 229 2.97% $12,456
PANORAMA MORTGAGE GROUP, LLC 227 3.19% $15,638
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 227 3.40% $12,496
PLAZA HOME MORTGAGE, INC. 226 2.93% $11,622
ROUNDPOINT MORTGAGE SERVICING CORPORATION 218 3.33% $12,164
LOANPAL, LLC 217 2.79% $11,786
LENDUS, LLC 212 2.72% $12,883
MID AMERICA MORTGAGE, INC. 210 2.98% $4,618
VISION ONE MORTGAGE, INC. 209 3.11% $9,048
MLD MORTGAGE INC. 202 2.95% $11,199
ENVOY MORTGAGE, LTD 202 3.11% $13,339
BEST CAPITAL FUNDING 201 2.94% $13,024
S1L, Inc. 199 3.17% $12,716
ARK-LA-TEX FINANCIAL SERVICES, LLC. 191 2.89% $12,488
HOMEAMERICAN MORTGAGE CORPORATION 190 2.76% $8,511
CAMPOS FINANCIAL CORP. 180 3.07% $15,405
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 172 3.03% $13,643
PREMIER MORTGAGE RESOURCES, L.L.C. 169 3.04% $13,670
SCENIC OAKS FUNDING, INC. 168 2.85% $10,645
WESTERN EXPRESS LENDING 166 2.56% $10,815
Home Mortgage Alliance Corp 164 2.95% $15,928
JMJ FINANCIAL GROUP 162 2.90% $15,938
DRAPER AND KRAMER MORTGAGE CORP. 159 3.12% $12,171
ACADEMY MORTGAGE CORPORATION 157 3.11% $12,365
LAND HOME FINANCIAL SERVICES, INC. 155 3.19% $13,439
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 154 3.11% $11,865
DATA MORTGAGE, INC. 126 3.45% $13,776
South Pacific Financial Corporation 121 2.77% $14,982
MUFG Union Bank 117 2.69% $9,919
MORTGAGE MANAGEMENT CONSULTANTS, INC. 115 3.12% $10,449
AUGUSTA FINANCIAL, INC. 110 2.83% $14,161
AXIA FINANCIAL, LLC 110 3.32% $10,807
MEGA CAPITAL FUNDING, INC. 108 2.67% $13,380
MUTUAL OF OMAHA MORTGAGE, INC. 107 2.73% $11,664
The Federal Savings Bank 106 2.69% $13,751
SOVEREIGN LENDING GROUP INCORPORATED 105 2.74% $10,911
INTERNATIONAL CITY MORTGAGE, INC. 104 3.30% $14,853
United Fidelity Funding Corp. 101 2.89% $11,991
MICHIGAN MUTUAL, INC. 100 2.95% $11,652
Barrington Bank & Trust Company, N.A. 98 3.16% $13,146
SECURITYNATIONAL MORTGAGE COMPANY 98 3.23% $12,795
WALL FINANCIAL, INC. 95 2.84% $15,946
HighTechLending Inc 94 3.06% $12,156
CALCON MUTUAL MORTGAGE LLC 91 3.56% $12,804
EVERETT FINANCIAL, INC. 89 3.42% $10,940
CHERRY CREEK MORTGAGE, LLC 88 3.09% $7,025
GUARANTEED RATE AFFINITY, LLC 88 2.86% $13,421
Wallick & Volk, Inc. 87 3.03% $14,944
GENEVA FINANCIAL, LLC 84 3.02% $13,039
JPMorgan Chase Bank 84 2.94% $9,592
MORIA DEVELOPMENT, INC. 83 3.37% $14,072
RESIDENTIAL WHOLESALE MORTGAGE, INC. 81 2.92% $12,877
LADERA LENDING, INC. 80 2.86% $11,258
U.S. Bank 80 2.92% $12,565
Century Mortgage Company DBA Century Lending Company 78 2.91% $12,989
CORNERSTONE HOME LENDING, INC. 77 3.09% $13,004
AHL FUNDING 75 3.16% $17,106
OPEN MORTGAGE, LLC 71 2.73% $12,893
ONY GLO, INC. 70 3.04% $13,284
TOP FLITE FINANCIAL, INC. 70 3.28% $20,949
INTELLILOAN, INC. 69 2.93% $11,109
Bank of America 68 2.92% $9,927
MORTGAGE SOLUTIONS OF COLORADO, LLC 65 3.05% $13,841
Plains Commerce Bank 63 2.70% $11,598
MEGASTAR FINANCIAL CORP. 63 2.98% $11,581
FIRST NATIONS HOME FINANCE CORPORATION 62 2.95% $10,556
ST FIN CORP 61 3.00% $15,617
LENDING 3, INC. 58 3.44% $12,704
HOMEOWNERS FINANCIAL GROUP USA, LLC 58 3.27% $15,020
LOANLEADERS OF AMERICA, INC. 58 2.92% $11,488
AMERICAN FINANCIAL RESOURCES, INC. 55 3.06% $10,717
CIT Bank 53 2.77% $16,420
NMSI, INC. 53 2.94% $16,940
TRAVIS CREDIT UNION 52 2.67% $10,790
VERITAS FUNDING, LLC 51 2.93% $10,765
Neighborhood Loans, Inc. 48 3.29% $11,704
iCore Lending, Inc. 47 3.01% $17,291
HOME FUNDING CORPORATION 46 3.21% $14,928
PREMIER LENDING, INC. 46 3.01% $13,831
JMAC LENDING, INC. 45 2.88% $13,053
HOMESIDE FINANCIAL, LLC 45 3.00% $11,082
CHURCHILL MORTGAGE CORPORATION 45 2.92% $11,937
AMERICAN FINANCING CORPORATION 44 2.83% $9,952
NATIONS RELIABLE LENDING, LLC 43 3.27% $15,137
PARKSIDE LENDING, LLC 42 2.71% $10,970
CANOPY MORTGAGE, LLC 42 2.57% $13,018
UNITED SECURITY FINANCIAL CORP 40 2.69% $6,755
GRANDE HOMES, INC. 40 2.70% $13,027
EMBRACE HOME LOANS, INC. 40 2.69% $11,279
First Standard Financial Corp. 39 3.04% $16,362
SNAPFI, INC. 39 3.03% $11,067
FIRST CENTENNIAL MORTGAGE CORPORATION 38 2.59% $15,321
Prosperity Home Mortgage, LLC 38 3.38% $11,546
Umpqua Bank 37 2.89% $10,995
CHOICE LENDING CORP. 37 3.02% $12,886
AMCAP MORTGAGE, LTD. 37 3.12% $13,479
Prime Choice Funding Inc. 37 2.79% $9,458
Residential Mortgage Solutions, Inc. 37 2.58% $9,380
NETWORK CAPITAL FUNDING CORPORATION 36 3.20% $14,750
DEL SUR CORPORATION 35 2.89% $13,987
Mortgage Research Center, LLC 35 2.88% $10,319
OCEANSIDE MORTGAGE COMPANY 34 2.69% $5,093
AMERIFIRST FINANCIAL CORPORATION 34 3.26% $17,770
M&T Bank 34 2.89% $9,688
INTERCAP LENDING INC. 33 2.92% $14,142
NFM, INC. 33 3.14% $15,237
COASTAL FUNDING SLC, INC. 32 3.05% $13,240
RANLIFE, INC. 31 2.98% $10,688
DAS Acquisition Company, LLC 31 3.28% $13,204
DIRECT MORTGAGE, CORP. 30 2.58% $18,047
GEO-CORP, INC. 30 2.87% $14,201
CLEARPATH LENDING 28 2.84% $6,717
PRIMUS LENDING CORP. 28 3.01% $19,965
GoPrime Mortgage, Inc. 28 3.15% $13,398
THE GOLDEN 1 28 2.97% $10,809
First Bank 27 2.74% $12,743
Loan Simple, Inc. 26 2.73% $11,773
PULTE MORTGAGE LLC 26 3.02% $9,910
CENTRAL COAST LENDING, INC. 26 2.80% $10,975
ZILLOW HOME LOANS, LLC 25 2.73% $10,503
Wells Fargo Bank 25 3.12% $10,015
PHH Mortgage Corporation 23 3.06% $7,531
NATIONWIDE MORTGAGE BANKERS, INC. 23 3.17% $15,315
Bank of the West 22 3.47% $10,686
VAN DYK MORTGAGE CORPORATION 20 3.18% $11,851
ALL WESTERN MORTGAGE, INC. 19 3.45% $12,920
Bank of England 19 3.19% $16,113
LENOX FINANCIAL MORTGAGE CORPORATION 19 2.67% $11,396
TJC Mortgage, Inc. 18 2.84% $11,517
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 18 3.25% $16,594
Strong Home Mortgage, LLC 18 2.58% $6,817
Watermark Capital, Inc. 18 2.74% $13,705
ON Q FINANCIAL, INC. 18 3.40% $10,012
NEXERA HOLDING LLC 17 2.96% $12,359
CAPSTONE DIRECT, INC. 17 2.55% $13,986
Peoples Bank 16 3.30% $12,907
PACIFIC RESIDENTIAL MORTGAGE, LLC 16 3.41% $12,564
Chickasaw Community Bank 16 2.69% $10,622
ARC HOME LLC 15 2.85% $10,107
NP, Inc. 15 2.93% $13,713
Citizens Bank 14 2.84% $13,665
Ameris Bank 14 2.55% $10,314
CONTOUR MORTGAGE CORPORATION 14 2.88% $16,799
LEADERONE FINANCIAL CORPORATION 13 3.13% $11,366
ABSOLUTE HOME MORTGAGE CORPORATION 13 2.83% $9,095
Low VA Rates, LLC 13 2.70% $5,218
MK LENDING CORP. 12 2.79% $15,095
BRIDGELOCK CAPITAL 12 2.76% $15,851
ISERVE RESIDENTIAL LENDING, LLC 12 2.86% $14,314
San Diego Funding 12 2.78% $15,539
KELLER MORTGAGE, LLC 12 2.64% $9,353
BEST FINANCE CAPITAL, INC. 12 2.82% $14,627
Wyndham Capital Mortgage, Inc. 11 2.85% $7,516
SOUTHWEST STAGE FUNDING, LLC 11 2.86% $6,378
IAPPROVE LENDING 11 2.53% $12,378
Shea Mortgage Inc. 11 2.65% $11,118
BETTER MORTGAGE CORPORATION 10 2.61% $11,067
CITYWIDE HOME LOANS, LLC 10 3.32% $10,850
Colten Mortgage, LLC 10 2.76% $10,500
MORTGAGE CAPITAL PARTNERS, INC. 10 2.73% $15,235
OAKTREE FUNDING CORP. 9 2.74% $13,370
Banner Bank 9 2.74% $10,225
Goldwater Bank, N.A. 9 3.06% $16,133
LHM FINANCIAL CORPORATION 9 2.61% $12,479
BAYSHORE MORTGAGE FUNDING, LLC 9 3.01% $14,020
First Savings Bank 8 3.16% $13,832
GET A RATE LLC 8 2.70% $11,410
NuVision Federal Credit Union 8 2.77% $10,587
HomeStreet Bank 8 2.84% $12,319
V.I.P. MORTGAGE, INC. 8 3.14% $15,928
Summit Mortgage Corporation 7 2.68% $14,241
Alaska USA Federal Credit Union 7 2.82% $9,051
ANGEL OAK HOME LOANS LLC 7 2.80% $13,063
Northpointe Bank 7 3.14% $10,972
Sunflower Bank 7 3.21% $15,340
Colonial Savings, F.A. 7 3.02% $11,380
Waterstone Mortgage Corporation 7 3.25% $13,023
UNITED MORTGAGE CORP. 7 3.07% $11,909
Magnolia Bank 7 3.20% $13,556
Alaska USA Mortgage Company LLC 7 2.82% $9,051
GSF Mortgage Corporation 6 3.19% $14,241
AmRes Corporation 6 2.71% $11,942
TOWNE MORTGAGE COMPANY 6 3.31% $16,546
HOMEOWNERS FIRST MORTGAGE, LLC 6 3.06% $17,614
NEW WEST LENDING, INC. 6 2.81% $12,193
North American Savings Bank, F.S.B. 6 2.48% $9,539
FAY SERVICING, LLC 6 3.17% $7,986
RELIANCE FIRST CAPITAL, LLC 6 2.83% $14,467
Paramount Bank 6 2.69% $10,854
WINNPOINTE CORPORATION 6 3.13% $6,077
NOVA FINANCIAL & INVESTMENT CORPORATION 5 3.40% $10,488
T2 FINANCIAL LLC 5 3.78% $12,427
JET DIRECT FUNDING CORP 5 3.05% $10,950
COUNTRYPLACE MORTGAGE, LTD. 5 4.25% $18,675
NBKC BANK 5 2.70% $12,019
LIBERTY HOME MORTGAGE CORPORATION 5 3.10% $10,901
ROYAL UNITED MORTGAGE LLC 4 2.88% $13,689
UNION HOME MORTGAGE CORP. 4 2.75% $10,245
Austin Capital Bank SSB 4 3.47% $10,016
Blue Ridge Bank 4 3.03% $10,422
The Home Loan Expert LLC 4 2.72% $15,618
THRIVE MORTGAGE, LLC 4 3.03% $13,242
TruHome Solutions, LLC 4 2.78% $14,812
KINECTA 4 3.28% $8,500
PARTNERS UNITED FINANCIAL, LLC 4 2.93% $14,456
EMM LOANS LLC 4 2.97% $13,808
RMS & Associates 4 3.03% $11,404
BELEM SERVICING LLC 4 2.63% $15,844
PREMIA MORTGAGE, LLC 3 2.88% $8,424
KS StateBank 3 2.46% $7,449
JAMES B. NUTTER & COMPANY 3 2.83% $4,103
MONARCH FUNDING CORP. 3 2.63% $14,734
First Home Bank 3 2.88% $13,892
NEW WAVE LENDING GROUP INC 3 2.67% $15,109
First Federal Bank 3 3.38% $16,637
FIRST ALLIANCE HOME MORTGAGE, LLC 3 3.38% $13,385
DIRECTORS MORTGAGE, INC. 3 3.33% $9,412
PNC Bank 3 3.08% $9,392
COMMUNITY MORTGAGE FUNDING, LLC 3 3.29% $12,274
CITY FIRST MORTGAGE SERVICES, L.L.C. 3 3.21% $14,218
BKCO MORTGAGE, LLC 3 2.71% $10,168
SUNSTREET MORTGAGE, LLC 3 2.79% $11,583
SWBC MORTGAGE CORPORATION 3 3.54% $11,115
Texana Bank 3 3.13% $9,975
Axos Bank 3 3.17% $8,844
Willamette Valley Bank 3 3.13% $12,343
FIRST COMMUNITY MORTGAGE, INC. 2 2.88% $11,536
GOLDEN WEST ALLIANCE, INC. 2 3.25% $15,641
BBVA USA 2 2.63% $7,263
NexBank 2 2.56% $16,556
MORTGAGEONE, INC. 2 3.19% $9,928
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 2.87% $9,546
AMERICAN HERITAGE LENDING, INC. 2 3.25% $9,358
SRE MORTGAGE ALLIANCE INC. 2 3.13% $12,865
US MORTGAGE CORPORATION 2 2.38% $18,190
STARBOARD FINANCIAL MANAGEMENT, LLC 2 2.50% $8,014
MANN FINANCIAL INC. 2 4.00% $19,735
NEW DAY FINANCIAL, LLC 2 3.31% $8,019
The Huntington National Bank 2 2.88% $12,479
First Mortgage Solutions, LLC 2 2.50% $11,259
Evolve Bank & Trust 2 3.44% $11,995
HOMESTEAD FUNDING CORP. 2 2.63% $9,402
Credence Funding Corporation 2 2.38% $7,719
Advisors Mortgage Group, L.L.C. 2 2.88% $11,283
People's Bank of Commerce 2 3.06% $6,901
MEMBER FIRST MORTGAGE, LLC 2 3.13% $9,306
Constant Investments, Inc. 2 2.88% $13,827
CIS Financial Services, Inc. 2 3.13% $7,264
NORWICH COMMERCIAL GROUP, INC. 2 3.00% $10,391
Citibank 2 3.13% $6,393
A&D Mortgage LLC 2 2.81% $14,898
Princeton Mortgage Corporation 2 3.13% $14,645
Florida Capital Bank 2 2.75% $13,383
ALLIED MORTGAGE GROUP, INC. 1 2.50% $7,530
HomePromise Corporation 1 2.88% $12,937
MID-VALLEY SERVICES, INC. 1 3.13% $14,214
WALL STREET MORTGAGE BANKERS, LTD. 1 3.25% $18,281
INLAND BANK & TRUST 1 3.25% $11,562
Reliant Bank 1 3.13% $14,383
Quontic Bank 1 2.63% $16,086
COMMUNITY FIRST CREDIT UNION 1 2.88% $3,470
BNB FINANCIAL INC. 1 3.00% $14,225
PINNACLE LENDING GROUP, INC. 1 3.50% $10,203
SIWELL, INC. 1 2.88% $11,179
PIKE CREEK MORTGAGE SERVICES, INC. 1 3.88% $3,639
Encompass Lending Group, LP 1 3.38% $11,601
EVANSVILLE TEACHERS 1 3.13% $7,341
FAMILY FIRST FUNDING LLC 1 2.50% $20,511
Financial Funding Solutions, Inc. 1 2.88% $12,594
FirstBank 1 2.63% $7,247
Lend Smart Mortgage, LLC 1 2.50% $11,523
Luxury Mortgage Corp. 1 3.25% $9,826
LOANFLIGHT LENDING, LLC 1 2.50% $8,211
First Federal Bank of Kansas City 1 2.75% $8,742
TIAA, FSB 1 2.88% $9,691
NBH Bank 1 3.00% $7,838
First Option Mortgage, LLC 1 4.25% $18,841
TOTAL MORTGAGE SERVICES, LLC 1 3.25% $7,520
First Western Trust Bank 1 2.75% $11,054
FISHER FINANCIAL GROUP, INCORPORATED 1 3.00% $6,991
Truist 1 3.13% $6,867
GREATER NEVADA LLC 1 3.50% $6,416
HAMILTON HOME LOANS, INC. 1 3.25% $6,527
AMERICAN ADVISORS GROUP 1 3.00% $10,809
Utah Mortgage Loan Corporation 1 2.88% $25,836
HARTFORD FUNDING, LTD. 1 3.25% $24,288
MORTGAGE 2000, INC. 1 2.99% $9,033
Victorian Finance, LLC 1 3.25% $9,892

The top California FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 7,124 FHA loans originated. Their average total fees are $12,679, which is $3,030 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee California FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($4,202), MID AMERICA MORTGAGE, INC. ($4,618), OCEANSIDE MORTGAGE COMPANY ($5,093), Low VA Rates, LLC ($5,218) and SOUTHWEST STAGE FUNDING, LLC ($6,378).

The lowest rate California FHA lenders (with over 10 loans originated) are IAPPROVE LENDING (2.53%), CAPSTONE DIRECT, INC. (2.55%), Ameris Bank (2.55%), WESTERN EXPRESS LENDING (2.56%) and CANOPY MORTGAGE, LLC (2.57%).

California FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
SAN FRANCISCO-OAKLAND-BERKELEY, CA ALAMEDA 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
NON-METRO ALPINE 2014 $463,450 $593,300 $717,150 $891,250
NON-METRO AMADOR 2022 $420,680 $538,650 $651,050 $809,150
CHICO, CA BUTTE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO CALAVERAS 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO COLUSA 2022 $420,680 $538,650 $651,050 $809,150
SAN FRANCISCO-OAKLAND-BERKELEY, CA CONTRA COSTA 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
CRESCENT CITY, CA DEL NORTE 2022 $420,680 $538,650 $651,050 $809,150
SACRAMENTO-ROSEVILLE-FOLSOM, CA EL DORADO 2022 $675,050 $864,200 $1,044,600 $1,298,200
FRESNO, CA FRESNO 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO GLENN 2022 $420,680 $538,650 $651,050 $809,150
EUREKA-ARCATA, CA HUMBOLDT 2022 $420,680 $538,650 $651,050 $809,150
EL CENTRO, CA IMPERIAL 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO INYO 2022 $431,250 $552,050 $667,350 $829,350
BAKERSFIELD, CA KERN 2022 $420,680 $538,650 $651,050 $809,150
HANFORD-CORCORAN, CA KINGS 2022 $420,680 $538,650 $651,050 $809,150
CLEARLAKE, CA LAKE 2022 $420,680 $538,650 $651,050 $809,150
SUSANVILLE, CA LASSEN 2022 $420,680 $538,650 $651,050 $809,150
LOS ANGELES-LONG BEACH-ANAHEIM, CA LOS ANGELES 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
MADERA, CA MADERA 2022 $420,680 $538,650 $651,050 $809,150
SAN FRANCISCO-OAKLAND-BERKELEY, CA MARIN 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
NON-METRO MARIPOSA 2022 $420,680 $538,650 $651,050 $809,150
UKIAH, CA MENDOCINO 2022 $506,000 $647,750 $783,000 $973,100
MERCED, CA MERCED 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO MODOC 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO MONO 2022 $563,500 $721,400 $872,000 $1,083,650
SALINAS, CA MONTEREY 2022 $854,450 $1,093,850 $1,322,200 $1,643,200
NAPA, CA NAPA 2022 $897,000 $1,148,350 $1,388,050 $1,725,050
TRUCKEE-GRASS VALLEY, CA NEVADA 2022 $609,500 $780,250 $943,150 $1,172,150
LOS ANGELES-LONG BEACH-ANAHEIM, CA ORANGE 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
SACRAMENTO-ROSEVILLE-FOLSOM, CA PLACER 2022 $675,050 $864,200 $1,044,600 $1,298,200
NON-METRO PLUMAS 2022 $420,680 $538,650 $651,050 $809,150
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA RIVERSIDE 2022 $562,350 $719,900 $870,200 $1,081,450
SACRAMENTO-ROSEVILLE-FOLSOM, CA SACRAMENTO 2022 $675,050 $864,200 $1,044,600 $1,298,200
SAN JOSE-SUNNYVALE-SANTA CLARA, CA SAN BENITO 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA SAN BERNARDINO 2022 $562,350 $719,900 $870,200 $1,081,450
SAN DIEGO-CHULA VISTA-CARLSBAD, CA SAN DIEGO 2022 $879,750 $1,126,250 $1,361,350 $1,691,850
SAN FRANCISCO-OAKLAND-BERKELEY, CA SAN FRANCISCO 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
STOCKTON, CA SAN JOAQUIN 2022 $563,500 $721,400 $872,000 $1,083,650
SAN LUIS OBISPO-PASO ROBLES, CA SAN LUIS OBISPO 2022 $805,000 $1,030,550 $1,245,700 $1,548,100
SAN FRANCISCO-OAKLAND-BERKELEY, CA SAN MATEO 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
SANTA MARIA-SANTA BARBARA, CA SANTA BARBARA 2022 $783,150 $1,002,600 $1,211,900 $1,506,100
SAN JOSE-SUNNYVALE-SANTA CLARA, CA SANTA CLARA 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
SANTA CRUZ-WATSONVILLE, CA SANTA CRUZ 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
REDDING, CA SHASTA 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO SIERRA 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO SISKIYOU 2022 $420,680 $538,650 $651,050 $809,150
VALLEJO, CA SOLANO 2022 $614,100 $786,150 $950,300 $1,181,000
SANTA ROSA-PETALUMA, CA SONOMA 2022 $764,750 $979,000 $1,183,400 $1,470,700
MODESTO, CA STANISLAUS 2022 $460,000 $588,850 $711,800 $884,600
YUBA CITY, CA SUTTER 2022 $420,900 $538,800 $651,300 $809,450
RED BLUFF, CA TEHAMA 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO TRINITY 2022 $420,680 $538,650 $651,050 $809,150
VISALIA, CA TULARE 2022 $420,680 $538,650 $651,050 $809,150
SONORA, CA TUOLUMNE 2022 $420,680 $538,650 $651,050 $809,150
OXNARD-THOUSAND OAKS-VENTURA, CA VENTURA 2022 $851,000 $1,089,450 $1,316,900 $1,636,550
SACRAMENTO-ROSEVILLE-FOLSOM, CA YOLO 2022 $675,050 $864,200 $1,044,600 $1,298,200
YUBA CITY, CA YUBA 2022 $420,900 $538,800 $651,300 $809,450

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).