San Francisco FHA Loan Rates, Closing Costs & Stats

San Francisco-Oakland-Berkeley, 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.

    San Francisco's 136 lenders originated 2,384 FHA loans during 2024. The total origination value was $1,590,180,000, with an average FHA loan value of $667,022.

    San Francisco FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in San Francisco averaged 6.51% for the week of 2025-07-18, compared to the national average (all FHA variants) of 6.527% for the same period.

    San Francisco's average FHA mortgage closing costs are $16,345.

    The average rate for the prior week (2025-07-11) was 6.41% and one month ago for the week of 2025-06-13, the average rate was 6.77%.

    The average rate one year ago was 6.73%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.29%.

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

    San Francisco 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 San Francisco level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 417 6.04% $23,675
    QUICKEN LOANS, LLC 192 6.10% $20,595
    CROSSCOUNTRY MORTGAGE, LLC 79 6.32% $22,720
    EVERETT FINANCIAL, INC. 60 6.43% $25,338
    BROKER SOLUTIONS, INC. 58 6.37% $23,413
    LOANDEPOT.COM, LLC 56 5.96% $24,442
    PENNYMAC LOAN SERVICES, LLC 56 5.94% $19,558
    Paramount Residential Mortgage Group, Inc. 45 6.37% $22,280
    AMERICAN PACIFIC MORTGAGE CORPORATION 44 6.38% $24,481
    CMG MORTGAGE, INC. 36 6.51% $22,683
    KBHS HOME LOANS, LLC 36 5.69% $28,537
    FREEDOM MORTGAGE CORPORATION 35 6.21% $19,585
    MLD MORTGAGE INC. 32 5.96% $19,714
    GUARANTEED RATE, INC. 30 6.02% $21,024
    Vellum Mortgage, Inc. 27 6.16% $19,735
    Century Mortgage Company DBA Century Lending Company 27 6.36% $21,922
    AMERITRUST MORTGAGE CORPORATION 24 6.23% $25,867
    GUILD MORTGAGE COMPANY 24 6.26% $23,224
    Sierra Pacific Mortgage Company, Inc. 24 6.26% $25,910
    OCMBC, INC. 21 6.56% $23,208
    Commerce Home Mortgage, Inc. 20 6.57% $20,062
    SUN WEST MORTGAGE COMPANY, INC. 20 6.10% $26,629
    ENVOY MORTGAGE, LTD 20 6.00% $26,365
    NEWREZ LLC 17 6.11% $23,716
    Mr. Cooper ( Nationstar Mortgage ) 16 6.11% $23,252
    U.S. Bank 16 6.26% $22,030
    LAND HOME FINANCIAL SERVICES, INC. 13 6.68% $22,767
    CARDINAL FINANCIAL 13 6.55% $21,992
    PLANET HOME LENDING, LLC 12 5.97% $13,209
    ALAMEDA MORTGAGE CORPORATION 12 6.27% $20,478
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 6.27% $22,081
    UNION HOME MORTGAGE CORP. 11 6.56% $17,852
    LAKEVIEW LOAN SERVICING, LLC 11 5.97% $12,810
    PRIMARY RESIDENTIAL MORTGAGE, INC. 10 6.11% $20,997
    Equity Prime Mortgage LLC 10 6.14% $25,726
    Flagstar Bank, FSB 10 6.30% $18,159
    HOMEBRIDGE FINANCIAL SERVICES, INC. 10 6.20% $19,835
    ALLIED MORTGAGE GROUP, INC. 10 6.43% $18,435
    MASON MCDUFFIE MORTGAGE CORPORATION 10 6.18% $23,966
    AMERICAN FINANCIAL NETWORK, INC. 10 6.46% $22,639
    MUTUAL OF OMAHA MORTGAGE, INC. 9 6.39% $22,626
    The Loan Store, Inc. 9 6.08% $21,137
    NATIONS DIRECT MORTGAGE, LLC 9 6.28% $19,483
    Performance Financial, Inc. 9 6.17% $21,394
    Cornerstone First Mortgage, Inc 8 6.30% $27,779
    Lakeview Community Capital, LLC 7 5.89% $15,874
    Wells Fargo Bank 7 6.34% $22,055
    South Pacific Financial Corporation 7 5.70% $17,649
    HOMEOWNERS FINANCIAL GROUP USA, LLC 7 6.21% $30,630
    PLAZA HOME MORTGAGE, INC. 7 6.57% $22,567
    HOMESIDE FINANCIAL, LLC 6 6.31% $19,671
    NFM, INC. 6 5.58% $29,625
    Golden Empire Mortgage, Inc. 6 6.33% $19,340
    Carrington Mortgage Services, LLC 6 6.04% $22,902
    BMO Harris Bank 5 6.03% $19,074
    VILLAGE CAPITAL MORTGAGE 5 6.25% $8,493
    CALCON MUTUAL MORTGAGE LLC 5 6.75% $36,039
    MOVEMENT MORTGAGE, LLC 5 5.95% $18,667
    JMAC LENDING, INC. 4 5.94% $15,950
    INTELLILOAN, INC. 4 6.14% $12,675
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 6.22% $20,512
    AmeriHome Mortgage Company, LLC 4 6.28% $22,104
    AHL FUNDING 4 6.12% $28,133
    GUARANTEED RATE AFFINITY, LLC 4 6.18% $21,364
    Prosperity Home Mortgage, LLC 4 6.00% $18,006
    JPMorgan Chase Bank 4 6.34% $13,957
    FIRST COLONY MORTGAGE CORPORATION 3 6.50% $31,158
    BETTER MORTGAGE CORPORATION 3 5.75% $24,202
    GENEVA FINANCIAL, LLC 3 6.29% $33,403
    GEO-CORP, INC. 3 7.50% $27,058
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.42% $32,245
    PHH Mortgage Corporation 3 6.20% $15,664
    Home Mortgage Alliance Corp 3 7.50% $19,060
    Hometown Equity Mortgage, LLC 3 6.00% $17,265
    OPEN MORTGAGE, LLC 3 6.83% $38,302
    Paramount Bank 3 5.96% $22,710
    LEADERONE FINANCIAL CORPORATION 3 6.21% $22,133
    NETWORK CAPITAL FUNDING CORPORATION 3 5.75% $33,139
    LOANPAL, LLC 3 6.00% $15,353
    SUMMIT FUNDING, INC. 3 5.71% $22,744
    Plains Commerce Bank 3 6.33% $21,443
    BAY-VALLEY MORTGAGE GROUP 2 6.50% $17,442
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.06% $16,139
    AMERISAVE MORTGAGE CORPORATION 2 6.13% $22,873
    Ameris Bank 2 6.00% $19,570
    Barrington Bank & Trust Company, N.A. 2 6.63% $25,214
    CASTLE & COOKE MORTGAGE, LLC 2 7.44% $21,032
    CITY FIRST MORTGAGE SERVICES, L.L.C. 2 5.81% $33,056
    Flanagan State Bank 2 6.69% $13,653
    ISERVE RESIDENTIAL LENDING, LLC 2 7.75% $21,994
    LIBERTY HOME MORTGAGE CORPORATION 2 6.13% $22,383
    MORTGAGEONE, INC. 2 6.44% $26,424
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 6.31% $27,949
    NMSI, INC. 2 6.63% $23,395
    Northpointe Bank 2 6.81% $19,040
    NORWICH COMMERCIAL GROUP, INC. 2 6.25% $32,008
    PNC Bank 2 6.69% $19,923
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 6.38% $25,924
    PULTE MORTGAGE LLC 2 5.50% $14,138
    TOP FLITE FINANCIAL, INC. 2 6.19% $41,509
    TOWNE MORTGAGE COMPANY 2 6.63% $25,553
    PENTAGON FEDERAL CREDIT UNION 1 6.63% $35,547
    Nations Lending Corporation 1 5.75% $24,280
    ML Mortgage Corp. 1 6.13% $29,315
    MK LENDING CORP. 1 7.00% $26,850
    MID AMERICA MORTGAGE, INC. 1 6.63% $7,392
    LADERA LENDING, INC. 1 5.63% $21,055
    BAY EQUITY LLC 1 6.13% $42,410
    AUGUSTA FINANCIAL, INC. 1 6.25% $19,713
    INTERCAP LENDING INC. 1 5.63% $19,415
    GSF Mortgage Corporation 1 6.00% $19,582
    PRIMUS LENDING CORP. 1 7.13% $14,913
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.25% $19,339
    Armed Forces Bank 1 5.63% $21,670
    Fremont Bank 1 6.63% $21,841
    RANLIFE, INC. 1 4.99% $18,196
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 5.75% $17,265
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.63% $30,410
    Servion, Inc. 1 7.13% $24,345
    Franklin Loan Corporation 1 6.75% $19,671
    SNAPFI, INC. 1 6.63% $18,350
    FIRST COMMUNITY MORTGAGE, INC. 1 5.50% $38,250
    EAGLE HOME MORTGAGE, LLC 1 6.25% $18,985
    Sunflower Bank 1 5.88% $36,822
    DAS Acquisition Company, LLC 1 7.25% $26,327
    COASTAL FUNDING SLC, INC. 1 6.50% $19,195
    TJC Mortgage, Inc. 1 6.25% $20,189
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.13% $14,265
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $8,146
    TRAVIS CREDIT UNION 1 7.20% $16,534
    BECKAM FUNDING CORP. 1 6.75% $24,823
    ONY GLO, INC. 1 5.75% $17,303
    PANORAMA MORTGAGE GROUP, LLC 1 6.00% $17,143
    ON Q FINANCIAL, INC. 1 7.25% $15,708
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 5.75% $22,713
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.75% $36,683

    The top San Francisco FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 417 FHA loans originated. Their average total fees are $23,675, which is $3,079 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee San Francisco FHA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($12,810), PLANET HOME LENDING, LLC ($13,209), UNION HOME MORTGAGE CORP. ($17,852), Flagstar Bank, FSB ($18,159) and ALLIED MORTGAGE GROUP, INC. ($18,435).

    The lowest rate San Francisco FHA lenders (with over 10 loans originated) are KBHS HOME LOANS, LLC (5.69%), PENNYMAC LOAN SERVICES, LLC (5.94%), LOANDEPOT.COM, LLC (5.96%), MLD MORTGAGE INC. (5.96%) and LAKEVIEW LOAN SERVICING, LLC (5.97%).

    San Francisco 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
    SAN FRANCISCO-OAKLAND-BERKELEY, CA CONTRA COSTA 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    SAN FRANCISCO-OAKLAND-BERKELEY, CA MARIN 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    SAN FRANCISCO-OAKLAND-BERKELEY, CA SAN FRANCISCO 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    SAN FRANCISCO-OAKLAND-BERKELEY, CA SAN MATEO 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    SAN FRANCISCO-OAKLAND-BERKELEY, CA ALAMEDA 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    SAN FRANCISCO-OAKLAND-BERKELEY, CA CONTRA COSTA 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    SAN FRANCISCO-OAKLAND-BERKELEY, CA MARIN 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    SAN FRANCISCO-OAKLAND-BERKELEY, CA SAN FRANCISCO 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    SAN FRANCISCO-OAKLAND-BERKELEY, CA SAN MATEO 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200

    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).