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 5.85% for the week of 2023-05-26, compared to the national average (all FHA variants) of 6.612% for the same period.

California's average FHA mortgage closing costs are $11,929.

The average rate for the prior week (2023-05-19) was 5.62% and one month ago for the week of 2023-04-21, the average rate was 5.66%.

The average rate one year ago was 4.58%.

For refis of the same type during the week of 2023-05-26, the average rate was 4.79%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 7,778 4.67% $16,486
QUICKEN LOANS, LLC 3,886 4.38% $15,503
LOANDEPOT.COM, LLC 2,026 4.43% $16,318
HOME POINT FINANCIAL CORPORATION 1,744 4.16% $14,392
CALIBER HOME LOANS, INC. 1,370 4.40% $15,576
BECKAM FUNDING CORP. 1,289 5.81% $29,156
AMERICAN PACIFIC MORTGAGE CORPORATION 1,183 4.75% $15,777
Paramount Residential Mortgage Group, Inc. 1,129 4.98% $15,966
CROSSCOUNTRY MORTGAGE, LLC 1,079 5.14% $17,686
OCMBC, INC. 1,004 4.93% $18,766
FREEDOM MORTGAGE CORPORATION 857 4.37% $13,783
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 830 4.94% $15,831
PENNYMAC LOAN SERVICES, LLC 796 4.11% $13,947
FINANCE OF AMERICA MORTGAGE LLC 740 4.60% $16,738
BROKER SOLUTIONS, INC. 739 4.84% $16,435
GUILD MORTGAGE COMPANY 685 4.83% $17,395
DHI MORTGAGE COMPANY, LTD. 669 4.16% $13,264
HOMEBRIDGE FINANCIAL SERVICES, INC. 588 4.62% $17,307
RESIDENTIAL BANCORP. 574 4.85% $17,927
Mr. Cooper ( Nationstar Mortgage ) 570 4.14% $15,718
CARDINAL FINANCIAL 554 4.69% $17,270
Sierra Pacific Mortgage Company, Inc. 552 4.95% $45,934
Carrington Mortgage Services, LLC 534 4.64% $16,620
Commerce Home Mortgage, Inc. 504 4.55% $14,440
Golden Empire Mortgage, Inc. 470 4.98% $17,988
SUMMIT FUNDING, INC. 455 4.98% $16,518
Flagstar Bank, FSB 455 4.52% $15,093
COUNTRY CLUB MORTGAGE, INC. 448 5.02% $12,762
GUARANTEED RATE, INC. 435 4.54% $15,597
MOVEMENT MORTGAGE, LLC 429 4.81% $16,831
AMERISAVE MORTGAGE CORPORATION 419 4.43% $17,451
EAGLE HOME MORTGAGE, LLC 418 4.56% $17,270
Equity Prime Mortgage LLC 403 4.94% $16,926
CMG MORTGAGE, INC. 394 4.59% $16,088
NATIONS DIRECT MORTGAGE, LLC 391 4.43% $16,568
LAKEVIEW LOAN SERVICING, LLC 382 3.76% $9,691
SUN WEST MORTGAGE COMPANY, INC. 369 4.55% $16,152
MOUNTAIN WEST FINANCIAL, INC. 365 4.77% $17,831
Century Mortgage Company DBA Century Lending Company 364 5.16% $15,204
Hometown Equity Mortgage, LLC 312 4.73% $17,578
Lakeview Community Capital, LLC 306 3.61% $8,812
NEWREZ LLC 304 4.54% $14,412
ALAMEDA MORTGAGE CORPORATION 262 4.99% $13,965
PLANET HOME LENDING, LLC 258 3.93% $14,827
KBHS HOME LOANS, LLC 255 4.60% $21,936
KINGS MORTGAGE SERVICES, INC. 252 5.06% $12,532
PRIMELENDING, A PLAINSCAPITAL COMPANY 251 5.00% $16,993
EVERETT FINANCIAL, INC. 248 5.20% $11,516
S1L, Inc. 214 5.03% $16,692
Franklin Loan Corporation 212 5.22% $16,988
Pacific Lending LLC 192 4.95% $15,509
Nations Lending Corporation 189 4.95% $15,723
BAY EQUITY LLC 175 5.03% $18,271
Platinum Home Mortgage Corporation 161 4.80% $16,151
PRIMARY RESIDENTIAL MORTGAGE, INC. 161 5.00% $17,526
ACADEMY MORTGAGE CORPORATION 160 5.29% $16,312
Hometown Lenders, Inc. 158 4.84% $14,378
HOME APPROVALS DIRECT, INC. 149 4.71% $20,246
ENVOY MORTGAGE, LTD 149 5.12% $17,818
ARK-LA-TEX FINANCIAL SERVICES, LLC. 148 4.86% $16,815
ML Mortgage Corp. 147 4.86% $18,273
INSPIRE HOME LOANS INC. 144 4.65% $16,004
VILLAGE CAPITAL MORTGAGE 142 3.66% $10,654
VISION ONE MORTGAGE, INC. 138 4.82% $13,712
MLD MORTGAGE INC. 137 5.00% $14,422
PREMIER MORTGAGE RESOURCES, L.L.C. 134 4.80% $16,434
HOMEAMERICAN MORTGAGE CORPORATION 133 3.98% $10,749
PLAZA HOME MORTGAGE, INC. 128 4.89% $15,833
ROUNDPOINT MORTGAGE SERVICING CORPORATION 128 4.59% $13,705
AMERIFIRST FINANCIAL CORPORATION 125 4.97% $18,946
CAMPOS FINANCIAL CORP. 124 4.68% $17,531
FBC MORTGAGE, LLC 123 5.04% $14,340
Amerifirst Financial, Inc. 123 5.08% $12,630
SCENIC OAKS FUNDING, INC. 122 4.65% $14,468
DRAPER AND KRAMER MORTGAGE CORP. 120 4.34% $15,509
CALCON MUTUAL MORTGAGE LLC 117 5.53% $19,593
LOANPAL, LLC 115 4.17% $15,294
HOMEOWNERS FINANCIAL GROUP USA, LLC 107 5.07% $18,136
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 106 5.02% $14,524
AMCAP MORTGAGE, LTD. 105 4.88% $19,192
TOP FLITE FINANCIAL, INC. 104 5.20% $20,186
CHERRY CREEK MORTGAGE, LLC 99 4.78% $7,090
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 98 5.10% $15,292
AUGUSTA FINANCIAL, INC. 97 4.56% $18,000
South Pacific Financial Corporation 97 4.67% $19,358
MASON MCDUFFIE MORTGAGE CORPORATION 95 4.59% $16,964
MUFG Union Bank 94 4.51% $12,481
JPMorgan Chase Bank 93 4.72% $10,738
GUARANTEED RATE AFFINITY, LLC 90 4.81% $16,190
JMJ FINANCIAL GROUP 87 4.84% $19,872
AHL FUNDING 86 4.88% $22,533
AXIA FINANCIAL, LLC 85 5.03% $15,124
MK LENDING CORP. 83 4.64% $20,666
RESIDENTIAL WHOLESALE MORTGAGE, INC. 81 4.80% $14,342
DIGNIFIED HOME LOANS, LLC 81 4.80% $14,001
iCore Lending, Inc. 81 4.73% $19,849
NFM, INC. 80 5.06% $17,907
MID AMERICA MORTGAGE, INC. 76 4.63% $6,142
MUTUAL OF OMAHA MORTGAGE, INC. 76 4.73% $15,581
SECURITYNATIONAL MORTGAGE COMPANY 75 5.03% $16,698
MORTGAGE SOLUTIONS OF COLORADO, LLC 73 4.85% $17,687
PANORAMA MORTGAGE GROUP, LLC 72 5.38% $22,207
First Guaranty Mortgage Corporation 70 3.76% $13,785
NETWORK CAPITAL FUNDING CORPORATION 70 4.63% $15,414
LADERA LENDING, INC. 70 4.75% $14,927
LAND HOME FINANCIAL SERVICES, INC. 70 4.83% $15,941
AmeriHome Mortgage Company, LLC 66 4.71% $12,725
MORTGAGE MANAGEMENT CONSULTANTS, INC. 65 5.08% $13,800
Plains Commerce Bank 65 4.99% $15,516
VERITAS FUNDING, LLC 61 4.89% $15,664
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 60 4.74% $17,448
U.S. Bank 58 4.49% $16,844
GENEVA FINANCIAL, LLC 55 4.85% $17,746
INTELLILOAN, INC. 54 4.50% $16,603
Neighborhood Loans, Inc. 53 4.90% $15,059
MICHIGAN MUTUAL, INC. 52 4.39% $15,535
ST FIN CORP 49 4.67% $20,988
Bank of America 49 4.02% $11,354
Cornerstone First Mortgage, Inc 47 4.37% $17,073
Barrington Bank & Trust Company, N.A. 46 4.26% $14,661
MORIA DEVELOPMENT, INC. 45 4.94% $17,940
AMERICAN FINANCING CORPORATION 45 4.09% $12,892
CORNERSTONE HOME LENDING, INC. 43 5.00% $17,027
ONY GLO, INC. 43 4.49% $16,639
SOVEREIGN LENDING GROUP INCORPORATED 43 4.74% $14,376
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 41 5.01% $15,697
The Federal Savings Bank 40 4.54% $19,546
DATA MORTGAGE, INC. 39 4.92% $17,354
CANOPY MORTGAGE, LLC 38 5.16% $17,904
BEST CAPITAL FUNDING 38 3.85% $16,975
Wallick & Volk, Inc. 37 4.45% $14,536
PULTE MORTGAGE LLC 37 4.81% $10,028
Wells Fargo Bank 37 4.85% $12,904
WALL FINANCIAL, INC. 35 4.57% $21,819
CASTLE & COOKE MORTGAGE, LLC 35 4.85% $14,784
LOANLEADERS OF AMERICA, INC. 32 4.63% $17,046
PACIFIC RESIDENTIAL MORTGAGE, LLC 32 5.06% $15,545
PREMIER LENDING, INC. 31 4.44% $15,545
HighTechLending Inc 31 4.72% $16,287
OPEN MORTGAGE, LLC 29 4.20% $16,760
ZILLOW HOME LOANS, LLC 28 4.42% $13,513
HOMESIDE FINANCIAL, LLC 28 4.52% $15,549
SNAPFI, INC. 27 4.25% $13,793
CHOICE LENDING CORP. 27 4.57% $14,859
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 26 4.85% $16,103
JMAC LENDING, INC. 26 4.83% $17,754
TJC Mortgage, Inc. 26 4.63% $18,395
TRAVIS CREDIT UNION 26 4.34% $11,271
United Fidelity Funding Corp. 26 4.69% $18,221
AMERICAN FINANCIAL RESOURCES, INC. 26 4.89% $14,513
THE GOLDEN 1 25 4.26% $12,179
Mortgage Research Center, LLC 25 4.87% $11,616
FIRST NATIONS HOME FINANCE CORPORATION 25 4.62% $12,323
MEGASTAR FINANCIAL CORP. 23 4.92% $12,919
M&T Bank 22 3.57% $10,996
First-Citizens Bank & Trust Company 22 4.60% $22,147
COASTAL FUNDING SLC, INC. 21 4.67% $19,872
DAS Acquisition Company, LLC 20 5.19% $18,635
Prosperity Home Mortgage, LLC 20 5.39% $17,073
NOVA FINANCIAL & INVESTMENT CORPORATION 20 4.35% $9,266
LENDING 3, INC. 20 6.44% $19,078
STEARNS LENDING, LLC 20 3.28% $11,660
CUSTOMER SERVICE MORTGAGE CORPORATION 20 4.93% $16,834
Northpointe Bank 19 5.25% $12,713
CALCULATED RISK ANALYTICS LLC 19 4.13% $17,117
Citizens Bank 19 4.32% $13,846
ALLIED MORTGAGE GROUP, INC. 18 4.85% $13,625
HOME FUNDING CORPORATION 17 4.62% $20,413
RANLIFE, INC. 17 4.90% $13,265
Loan Simple, Inc. 17 4.32% $16,261
CHURCHILL MORTGAGE CORPORATION 16 4.71% $15,943
First Standard Financial Corp. 16 4.96% $19,148
ON Q FINANCIAL, INC. 16 5.44% $12,097
FIRST CENTENNIAL MORTGAGE CORPORATION 16 4.88% $19,547
Umpqua Bank 15 4.59% $11,911
Bank of the West 14 5.34% $11,047
BEST FINANCE CAPITAL, INC. 14 4.94% $17,999
Residential Mortgage Solutions, Inc. 14 5.05% $17,567
NATIONWIDE MORTGAGE BANKERS, INC. 14 4.91% $21,428
Strong Home Mortgage, LLC 14 4.01% $8,919
EMBRACE HOME LOANS, INC. 13 4.62% $13,114
Florida Capital Bank 13 4.71% $13,413
INTERCAP LENDING INC. 13 4.83% $19,381
First Bank 13 4.63% $16,924
DEL SUR CORPORATION 13 4.48% $17,693
GRANDE HOMES, INC. 12 3.97% $14,233
DIRECT MORTGAGE, CORP. 12 3.96% $22,110
ARC HOME LLC 12 3.55% $13,561
GUARANTY HOME MORTGAGE CORPORATION 11 5.18% $13,100
Shea Mortgage Inc. 11 4.69% $14,178
Prime Choice Funding Inc. 11 3.15% $12,684
MORTGAGEONE, INC. 11 4.98% $23,354
GEO-CORP, INC. 11 5.42% $20,573
NATIONS RELIABLE LENDING, LLC 11 4.66% $15,591
Peoples Bank 11 4.72% $21,627
HOMEXPRESS MORTGAGE CORP. 11 5.10% $16,560
TOWNE MORTGAGE COMPANY 11 5.11% $14,415
NP, Inc. 11 5.24% $20,453
Wyndham Capital Mortgage, Inc. 11 4.10% $12,258
Ameris Bank 9 3.79% $11,110
Waterstone Mortgage Corporation 9 4.57% $14,590
Watermark Capital, Inc. 9 3.79% $13,964
LEADERONE FINANCIAL CORPORATION 9 4.89% $13,165
VAN DYK MORTGAGE CORPORATION 8 4.98% $16,481
CAPSTONE DIRECT, INC. 8 4.38% $17,752
Magnolia Bank 8 4.64% $14,634
GOLDEN WEST ALLIANCE, INC. 8 4.45% $16,680
NBKC BANK 8 4.47% $11,622
CITYWIDE HOME LOANS, LLC 8 5.73% $15,286
NMSI, INC. 8 4.78% $16,673
North American Savings Bank, F.S.B. 8 4.55% $14,092
DIRECTIONS EQUITY, LLC 7 5.27% $12,562
CONTOUR MORTGAGE CORPORATION 7 4.32% $26,095
Willamette Valley Bank 7 4.88% $15,507
RMS & Associates 7 4.25% $14,860
BETTER MORTGAGE CORPORATION 7 3.68% $13,959
HOMEOWNERS FIRST MORTGAGE, LLC 7 5.14% $22,468
EMM LOANS LLC 7 4.64% $17,981
LIBERTY HOME MORTGAGE CORPORATION 7 4.34% $16,484
LENOX FINANCIAL MORTGAGE CORPORATION 7 4.36% $13,290
NuVision Federal Credit Union 7 5.00% $15,599
Bank of England 6 4.56% $16,133
Texana Bank 6 3.83% $11,008
THRIVE MORTGAGE, LLC 6 5.60% $15,331
UNION HOME MORTGAGE CORP. 6 4.44% $10,055
V.I.P. MORTGAGE, INC. 6 5.08% $21,390
RELIANCE FIRST CAPITAL, LLC 6 4.94% $13,547
Banner Bank 6 4.77% $10,651
Sunflower Bank 6 5.02% $14,842
HomeStreet Bank 5 3.90% $16,689
SCHOOLSFIRST 5 5.80% $11,925
Princeton Mortgage Corporation 5 5.65% $16,005
AmRes Corporation 5 4.60% $14,192
First Savings Bank 5 5.10% $14,190
DIRECTORS MORTGAGE, INC. 4 5.28% $13,333
BELEM SERVICING LLC 4 3.34% $19,007
Evolve Bank & Trust 4 4.94% $15,422
Chickasaw Community Bank 4 3.88% $14,805
PENTAGON FEDERAL CREDIT UNION 4 5.44% $11,538
AMERICAN ADVISORS GROUP 4 4.34% $13,795
San Diego Funding 4 4.41% $25,186
Alaska USA Mortgage Company LLC 4 4.97% $8,192
CLEARPATH LENDING 4 3.28% $8,123
OAKTREE FUNDING CORP. 4 5.41% $22,557
PHH Mortgage Corporation 4 4.22% $12,652
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 4.83% $19,203
GoPrime Mortgage, Inc. 3 5.83% $18,502
INLAND BANK & TRUST 3 4.79% $20,259
ISERVE RESIDENTIAL LENDING, LLC 3 4.75% $11,864
Lend Smart Mortgage, LLC 3 4.88% $14,378
MANN FINANCIAL INC. 3 5.29% $17,341
FAY SERVICING, LLC 3 4.29% $12,970
MORTGAGE CAPITAL PARTNERS, INC. 3 4.88% $26,939
Credence Funding Corporation 3 4.50% $12,998
NEW DAY FINANCIAL, LLC 3 4.12% $11,988
NexBank 3 5.42% $15,784
NEXERA HOLDING LLC 3 3.83% $11,308
PACIFIC HOME LOANS, INC. 3 3.63% $5,627
PARTNERS UNITED FINANCIAL, LLC 3 5.16% $20,400
CENTRAL COAST LENDING, INC. 3 4.83% $9,868
BNC National Bank 3 4.75% $12,894
ROYAL UNITED MORTGAGE LLC 3 6.92% $11,795
SOUTHWEST STAGE FUNDING, LLC 3 4.33% $15,206
SUCCESS MORTGAGE PARTNERS, INC. 3 4.91% $17,230
UNITED MORTGAGE CORP. 3 5.29% $28,356
UNITED SECURITY FINANCIAL CORP 3 5.17% $22,321
WESTCOAST MORTGAGE GROUP AND REALTY COMPANY 2 4.44% $12,769
Citibank 2 4.19% $16,165
OCEANSIDE MORTGAGE COMPANY 2 3.56% $7,190
NEW WEST LENDING, INC. 2 4.38% $10,828
COMMUNITY MORTGAGE FUNDING, LLC 2 5.31% $12,070
Austin Capital Bank SSB 2 5.38% $27,506
Constant Investments, Inc. 2 4.25% $14,980
IMPAC MORTGAGE CORP. 2 4.81% $14,976
AMWEST FUNDING CORP. 2 3.38% $580,315
The Central Trust Bank 2 3.25% $13,038
FIRST ALLIANCE HOME MORTGAGE, LLC 2 3.31% $18,557
LHM FINANCIAL CORPORATION 2 4.25% $14,059
Town Square Mortgage & Investments, Inc. 2 5.38% $10,847
FIRST COMMUNITY MORTGAGE, INC. 2 3.75% $14,256
TruHome Solutions, LLC 2 5.25% $16,929
First Federal Bank 2 3.13% $15,182
AMERICAN HERITAGE LENDING, INC. 2 4.75% $13,469
KINECTA 2 5.00% $21,985
VANDERBILT MORTGAGE AND FINANCE, INC. 2 2.94% $11,981
KELLER MORTGAGE, LLC 2 5.00% $14,249
FLAT BRANCH MORTGAGE, INC. 2 4.25% $12,952
Advisors Mortgage Group, L.L.C. 2 5.38% $15,998
Fremont Bank 2 3.87% $10,605
BKCO MORTGAGE, LLC 2 4.94% $10,513
PREMIA MORTGAGE, LLC 2 4.19% $9,668
BNB FINANCIAL INC. 1 3.75% $15,806
ANGEL OAK HOME LOANS LLC 1 5.13% $25,986
Summit Mortgage Corporation 1 5.63% $21,494
SUMMIT MORTGAGE CORPORATION 1 5.63% $12,619
MONARCH FUNDING CORP. 1 3.25% $13,771
SUNSTREET MORTGAGE, LLC 1 3.75% $12,443
Vellum Mortgage, Inc. 1 6.50% $14,737
T2 FINANCIAL LLC 1 4.75% $25,621
Encompass Lending Group, LP 1 3.75% $10,295
First Western Trust Bank 1 3.63% $12,148
Mid-Continent Funding, Inc. 1 5.50% $16,471
MEMBER FIRST MORTGAGE, LLC 1 5.00% $29,320
The Home Loan Expert LLC 1 4.99% $21,121
The Huntington National Bank 1 3.50% $16,072
The Union Bank Company 1 3.00% $9,371
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 5.25% $18,664
Victorian Finance, LLC 1 4.75% $13,401
LOANFLIGHT LENDING, LLC 1 5.13% $9,882
PNC Bank 1 6.25% $12,606
JET DIRECT FUNDING CORP 1 4.63% $25,067
Allied First Bank,sb 1 3.50% $12,506
JAMES B. NUTTER & COMPANY 1 3.99% $11,127
BM Real Estate Services, Inc. 1 4.25% $13,491
First Heritage Mortgage, LLC 1 4.99% $18,406
UNITED 1 5.25% $11,837
First Mortgage Solutions, LLC 1 2.50% $15,845
BOKF 1 5.13% $9,051
CALLISTO GROUP, INC. 1 5.25% $22,986
Paramount Bank 1 5.13% $11,947
BAYSHORE MORTGAGE FUNDING, LLC 1 5.75% $10,801
A&D Mortgage LLC 1 4.00% $9,501
CIS Financial Services, Inc. 1 4.38% $14,643
1st Security Bank of Washington 1 4.25% $20,210
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 5.50% $12,683
GSF Mortgage Corporation 1 5.63% $23,762
SeaTrust Mortgage Company 1 6.13% $17,227
NORWICH COMMERCIAL GROUP, INC. 1 5.75% $22,003
Semper Home Loans, Inc. 1 6.00% $15,216
WALL STREET MORTGAGE BANKERS, LTD. 1 4.25% $12,182
Axos Bank 1 3.88% $13,472
SIWELL, INC. 1 3.38% $5,664
Washington Trust Bank 1 4.75% $15,086
US MORTGAGE CORPORATION 1 5.25% $20,926
Bell Bank 1 6.00% $21,808
Armed Forces Bank 1 3.13% $13,641
Specialized Loan Servicing LLC 1 2.25% $8,640
NBH Bank 1 4.75% $9,295
Ixonia Bank 1 4.75% $14,890
Stride Bank 1 4.75% $11,985
Mutual Federal Bank 1 3.75% $15,703

The top California FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 7,778 FHA loans originated. Their average total fees are $16,486, which is $982 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee California FHA lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($6,142), CHERRY CREEK MORTGAGE, LLC ($7,090), Lakeview Community Capital, LLC ($8,812), Strong Home Mortgage, LLC ($8,919) and NOVA FINANCIAL & INVESTMENT CORPORATION ($9,266).

The lowest rate California FHA lenders (with over 10 loans originated) are Prime Choice Funding Inc. (3.15%), STEARNS LENDING, LLC (3.28%), ARC HOME LLC (3.55%), M&T Bank (3.57%) and Lakeview Community Capital, LLC (3.61%).

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
SAN FRANCISCO-OAKLAND-BERKELEY, CA ALAMEDA 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
NON-METRO ALPINE 2023 $497,950 $637,450 $770,550 $957,600
NON-METRO AMADOR 2023 $472,030 $604,400 $730,525 $907,900
CHICO, CA BUTTE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO CALAVERAS 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO COLUSA 2023 $472,030 $604,400 $730,525 $907,900
SAN FRANCISCO-OAKLAND-BERKELEY, CA CONTRA COSTA 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
CRESCENT CITY, CA DEL NORTE 2023 $472,030 $604,400 $730,525 $907,900
SACRAMENTO-ROSEVILLE-FOLSOM, CA EL DORADO 2023 $763,600 $977,550 $1,181,650 $1,468,500
FRESNO, CA FRESNO 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO GLENN 2023 $472,030 $604,400 $730,525 $907,900
EUREKA-ARCATA, CA HUMBOLDT 2023 $472,030 $604,400 $730,525 $907,900
EL CENTRO, CA IMPERIAL 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO INYO 2023 $508,300 $650,700 $786,550 $977,500
BAKERSFIELD, CA KERN 2023 $472,030 $604,400 $730,525 $907,900
HANFORD-CORCORAN, CA KINGS 2023 $472,030 $604,400 $730,525 $907,900
CLEARLAKE, CA LAKE 2023 $472,030 $604,400 $730,525 $907,900
SUSANVILLE, CA LASSEN 2023 $472,030 $604,400 $730,525 $907,900
LOS ANGELES-LONG BEACH-ANAHEIM, CA LOS ANGELES 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
MADERA, CA MADERA 2023 $472,030 $604,400 $730,525 $907,900
SAN FRANCISCO-OAKLAND-BERKELEY, CA MARIN 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
NON-METRO MARIPOSA 2023 $472,030 $604,400 $730,525 $907,900
UKIAH, CA MENDOCINO 2023 $546,250 $699,300 $845,300 $1,050,500
MERCED, CA MERCED 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO MODOC 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO MONO 2023 $693,450 $887,750 $1,073,100 $1,333,600
SALINAS, CA MONTEREY 2023 $915,400 $1,171,900 $1,416,550 $1,760,400
NAPA, CA NAPA 2023 $1,017,750 $1,302,900 $1,574,900 $1,957,250
TRUCKEE-GRASS VALLEY, CA NEVADA 2023 $644,000 $824,450 $996,550 $1,238,500
LOS ANGELES-LONG BEACH-ANAHEIM, CA ORANGE 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
SACRAMENTO-ROSEVILLE-FOLSOM, CA PLACER 2023 $763,600 $977,550 $1,181,650 $1,468,500
NON-METRO PLUMAS 2023 $472,030 $604,400 $730,525 $907,900
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA RIVERSIDE 2023 $644,000 $824,450 $996,550 $1,238,500
SACRAMENTO-ROSEVILLE-FOLSOM, CA SACRAMENTO 2023 $763,600 $977,550 $1,181,650 $1,468,500
SAN JOSE-SUNNYVALE-SANTA CLARA, CA SAN BENITO 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA SAN BERNARDINO 2023 $644,000 $824,450 $996,550 $1,238,500
SAN DIEGO-CHULA VISTA-CARLSBAD, CA SAN DIEGO 2023 $977,500 $1,251,400 $1,512,650 $1,879,850
SAN FRANCISCO-OAKLAND-BERKELEY, CA SAN FRANCISCO 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
STOCKTON, CA SAN JOAQUIN 2023 $656,650 $840,650 $1,016,150 $1,262,800
SAN LUIS OBISPO-PASO ROBLES, CA SAN LUIS OBISPO 2023 $911,950 $1,167,450 $1,411,200 $1,753,800
SAN FRANCISCO-OAKLAND-BERKELEY, CA SAN MATEO 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
SANTA MARIA-SANTA BARBARA, CA SANTA BARBARA 2023 $805,000 $1,030,550 $1,245,700 $1,548,100
SAN JOSE-SUNNYVALE-SANTA CLARA, CA SANTA CLARA 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
SANTA CRUZ-WATSONVILLE, CA SANTA CRUZ 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
REDDING, CA SHASTA 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO SIERRA 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO SISKIYOU 2023 $472,030 $604,400 $730,525 $907,900
VALLEJO, CA SOLANO 2023 $685,400 $877,450 $1,060,600 $1,318,100
SANTA ROSA-PETALUMA, CA SONOMA 2023 $861,350 $1,102,700 $1,332,900 $1,656,450
MODESTO, CA STANISLAUS 2023 $517,500 $662,500 $800,800 $995,200
YUBA CITY, CA SUTTER 2023 $488,750 $625,700 $756,300 $939,900
RED BLUFF, CA TEHAMA 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO TRINITY 2023 $472,030 $604,400 $730,525 $907,900
VISALIA, CA TULARE 2023 $472,030 $604,400 $730,525 $907,900
SONORA, CA TUOLUMNE 2023 $472,030 $604,400 $730,525 $907,900
OXNARD-THOUSAND OAKS-VENTURA, CA VENTURA 2023 $948,750 $1,214,600 $1,468,150 $1,824,550
SACRAMENTO-ROSEVILLE-FOLSOM, CA YOLO 2023 $763,600 $977,550 $1,181,650 $1,468,500
YUBA CITY, CA YUBA 2023 $488,750 $625,700 $756,300 $939,900

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).