Aberdeen FHA Loan Rates, Closing Costs & Stats

Aberdeen, WA

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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.

    Aberdeen's 66 lenders originated 287 FHA loans during 2024. The total origination value was $83,225,000, with an average FHA loan value of $289,983.

    Aberdeen FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Aberdeen averaged 6.52% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Aberdeen's average FHA mortgage closing costs are $9,570.

    The average rate for the prior week (2025-03-28) was 6.82% and one month ago for the week of 2025-02-28, the average rate was 6.5%.

    The average rate one year ago was 6.72%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.28%.

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

    Aberdeen 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 Aberdeen level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 48 6.73% $13,315
    UNITED WHOLESALE MORTGAGE, LLC 24 5.94% $14,943
    QUICKEN LOANS, LLC 12 6.08% $13,014
    NEWREZ LLC 9 6.13% $11,008
    MOVEMENT MORTGAGE, LLC 9 6.76% $14,226
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 6.93% $12,987
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 9 6.72% $13,937
    FREEDOM MORTGAGE CORPORATION 7 6.16% $10,697
    BROKER SOLUTIONS, INC. 7 6.80% $13,843
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 6 6.27% $14,707
    BAY EQUITY LLC 5 6.85% $13,962
    MID AMERICA MORTGAGE, INC. 5 6.55% $7,217
    CROSSCOUNTRY MORTGAGE, LLC 5 6.71% $13,754
    MUTUAL OF OMAHA MORTGAGE, INC. 5 5.73% $19,590
    LOANDEPOT.COM, LLC 5 6.20% $9,400
    1st Security Bank of Washington 4 6.59% $12,011
    PLANET HOME LENDING, LLC 4 5.31% $10,429
    CMG MORTGAGE, INC. 4 6.25% $12,344
    SUMMIT FUNDING, INC. 3 6.79% $14,429
    LAKEVIEW LOAN SERVICING, LLC 3 6.92% $9,014
    AMERICAN FINANCIAL RESOURCES, INC. 3 6.75% $13,205
    CALCON MUTUAL MORTGAGE LLC 3 7.13% $14,937
    Paramount Residential Mortgage Group, Inc. 3 6.33% $12,152
    Equity Prime Mortgage LLC 3 6.58% $17,829
    Cornerstone First Mortgage, Inc 2 6.88% $13,003
    Bank of the Pacific 2 6.44% $8,399
    CANOPY MORTGAGE, LLC 2 6.56% $18,440
    CARDINAL FINANCIAL 2 5.75% $20,198
    NFM, INC. 2 6.44% $16,682
    Sunflower Bank 1 7.38% $14,830
    SUN WEST MORTGAGE COMPANY, INC. 1 5.83% $15,300
    T2 FINANCIAL LLC 1 7.25% $11,677
    TruHome Solutions, LLC 1 6.13% $10,394
    U.S. Bank 1 7.13% $11,769
    VILLAGE CAPITAL MORTGAGE 1 6.25% $15,243
    Wallick & Volk, Inc. 1 7.13% $5,902
    WASHINGTON STATE EMPLOYEES Credit Union 1 6.25% $17,557
    ZILLOW HOME LOANS, LLC 1 6.63% $13,903
    Alaska USA Federal Credit Union 1 5.75% $11,070
    AMERICAN FINANCIAL NETWORK, INC. 1 7.88% $19,694
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.63% $18,345
    AMERISAVE MORTGAGE CORPORATION 1 6.75% $11,424
    BELEM SERVICING LLC 1 6.75% $11,512
    Carrington Mortgage Services, LLC 1 5.25% $16,059
    CORNERSTONE HOME LENDING, INC. 1 6.75% $12,183
    ENVOY MORTGAGE, LTD 1 7.25% $9,609
    Flagstar Bank, FSB 1 5.75% $10,190
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.88% $8,950
    GUARANTEED RATE, INC. 1 6.00% $14,748
    HomeStreet Bank 1 5.38% $9,819
    LEADERONE FINANCIAL CORPORATION 1 6.75% $8,886
    LOANPAL, LLC 1 5.99% $10,271
    Loan Simple, Inc. 1 6.25% $14,605
    MEMBER FIRST MORTGAGE, LLC 1 6.25% $7,206
    Mortgage Research Center, LLC 1 7.13% $5,999
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.88% $17,760
    NATIONS DIRECT MORTGAGE, LLC 1 7.25% $12,077
    NBKC BANK 1 5.63% $9,943
    NEXERA HOLDING LLC 1 6.00% $11,140
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 6.75% $16,923
    PENNYMAC LOAN SERVICES, LLC 1 5.00% $16,160
    PLAZA HOME MORTGAGE, INC. 1 7.63% $9,335
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.75% $9,015
    Prosperity Home Mortgage, LLC 1 6.13% $9,245
    Sierra Pacific Mortgage Company, Inc. 1 6.38% $26,958
    SUMMIT MORTGAGE CORPORATION 1 6.13% $14,927

    The top Aberdeen FHA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 48 FHA loans originated. Their average total fees are $13,315, which is $1,628 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Aberdeen FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($13,014), GUILD MORTGAGE COMPANY ($13,315), UNITED WHOLESALE MORTGAGE, LLC ($14,943), .

    The lowest rate Aberdeen FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.94%), QUICKEN LOANS, LLC (6.08%), GUILD MORTGAGE COMPANY (6.73%), .

    Aberdeen FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    ABERDEEN, WA GRAYS HARBOR 2022 $420,680 $538,650 $651,050 $809,150
    ABERDEEN, WA GRAYS HARBOR 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Aberdeen (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 $209,900 (22.8%) $249,846 (17.3%) 0.00 293
    2018-02-01 $217,625 (21.3%) $258,065 (19.7%) 0.00 286
    2018-03-01 $217,900 (19.4%) $257,528 (16.1%) 0.00 299
    2018-04-01 $217,250 (14.5%) $254,314 (13.4%) 0.00 313
    2018-05-01 $222,475 (14.1%) $253,062 (9.4%) 0.00 329
    2018-06-01 $220,000 (12.8%) $258,524 (12.6%) 0.00 379
    2018-07-01 $222,100 (11.2%) $262,451 (13.3%) 0.00 415
    2018-08-01 $224,450 (12.3%) $268,013 (16.1%) 0.00 415
    2018-09-01 $229,450 (14.7%) $272,843 (15.0%) 0.00 402
    2018-10-01 $233,500 (16.8%) $270,422 (10.6%) 0.00 382
    2018-11-01 $232,500 (15.0%) $264,200 (6.3%) 0.00 359
    2018-12-01 $228,200 (14.2%) $260,684 (6.8%) 0.00 323
    2019-01-01 $229,225 (9.2%) $260,987 (4.5%) 0.00 272
    2019-02-01 $230,750 (6.0%) $265,108 (2.7%) 0.00 275
    2019-03-01 $235,247 (8.0%) $272,593 (5.9%) 0.00 285
    2019-04-01 $243,871 (12.3%) $283,600 (11.5%) 0.00 298
    2019-05-01 $249,725 (12.3%) $298,314 (17.9%) 0.00 298
    2019-06-01 $243,250 (10.6%) $287,212 (11.1%) 0.00 337
    2019-07-01 $246,500 (11.0%) $291,957 (11.2%) 0.00 376
    2019-08-01 $246,182 (9.7%) $289,747 (8.1%) 0.00 391
    2019-09-01 $242,705 (5.8%) $283,956 (4.1%) 0.00 397
    2019-10-01 $240,000 (2.8%) $278,196 (2.9%) 0.00 396
    2019-11-01 $246,250 (5.9%) $275,780 (4.4%) 0.00 360
    2019-12-01 $244,920 (7.3%) $266,857 (2.4%) 0.00 322
    2020-01-01 $244,950 (6.9%) $268,603 (2.9%) 0.00 299
    2020-02-01 $245,900 (6.6%) $265,500 (0.2%) 0.00 284
    2020-03-01 $249,700 (6.1%) $271,373 (-0.5%) 0.00 279
    2020-04-01 $257,413 (5.6%) $280,692 (-1.0%) 0.00 277
    2020-05-01 $259,450 (3.9%) $282,511 (-5.3%) 0.00 267
    2020-06-01 $263,700 (8.4%) $291,338 (1.4%) 0.00 250
    2020-07-01 $265,000 (7.5%) $301,090 (3.1%) 0.00 260
    2020-08-01 $260,000 (5.6%) $307,026 (6.0%) 0.00 254
    2020-09-01 $263,500 (8.6%) $322,567 (13.6%) 0.00 235
    2020-10-01 $265,000 (10.4%) $331,151 (19.0%) 0.00 210
    2020-11-01 $273,450 (11.1%) $354,169 (28.4%) 0.00 140
    2020-12-01 $283,675 (15.8%) $364,189 (36.5%) 0.00 124
    2021-01-01 $279,000 (13.9%) $373,342 (39.0%) 0.00 90
    2021-02-01 $282,175 (14.8%) $382,773 (44.2%) 0.00 83
    2021-03-01 $286,450 (14.7%) $366,032 (34.9%) 0.00 87
    2021-04-01 $302,250 (17.4%) $372,982 (32.9%) 0.00 84
    2021-05-01 $349,000 (34.5%) $404,953 (43.3%) 0.00 120
    2021-06-01 $369,900 (40.3%) $431,286 (48.0%) 0.00 142
    2021-07-01 $349,950 (32.1%) $414,109 (37.5%) 0.00 186
    2021-08-01 $356,000 (36.9%) $428,724 (39.6%) 0.00 200
    2021-09-01 $362,500 (37.6%) $429,842 (33.3%) 0.00 212
    2021-10-01 $384,900 (45.3%) $442,955 (33.8%) 0.00 194
    2021-11-01 $382,450 (39.9%) $431,039 (21.7%) 0.00 167
    2021-12-01 $384,700 (35.6%) $425,404 (16.8%) 0.00 152
    2022-01-01 $389,000 (39.4%) $423,175 (13.4%) 0.00 135
    2022-02-01 $392,350 (39.0%) $423,691 (10.7%) 0.00 132
    2022-03-01 $406,150 (41.8%) $459,141 (25.4%) 0.00 156
    2022-04-01 $424,900 (40.6%) $471,830 (26.5%) 0.00 160
    2022-05-01 $407,400 (16.7%) $454,197 (12.2%) 0.00 203
    2022-06-01 $412,210 (11.4%) $454,692 (5.4%) 0.00 267
    2022-07-01 $405,000 (15.7%) $450,110 (8.7%) 0.00 348
    2022-08-01 $399,999 (12.4%) $446,996 (4.3%) 0.00 360
    2022-09-01 $399,450 (10.2%) $438,494 (2.0%) 0.00 349
    2022-10-01 $399,000 (3.7%) $425,631 (-3.9%) 0.00 335
    2022-11-01 $388,972 (1.7%) $405,991 (-5.8%) 0.00 292
    2022-12-01 $397,000 (3.2%) $411,105 (-3.4%) 0.00 250
    2023-01-01 $399,900 (2.8%) $422,895 (-0.1%) 0.00 240
    2023-02-01 $399,987 (2.0%) $421,591 (-0.5%) 0.00 223
    2023-03-01 $413,750 (1.9%) $442,334 (-3.7%) 0.00 217
    2023-04-01 $410,000 (-3.5%) $451,468 (-4.3%) 0.00 220
    2023-05-01 $411,250 (1.0%) $447,237 (-1.5%) 0.00 243
    2023-06-01 $415,475 (0.8%) $466,674 (2.6%) 0.00 275
    2023-07-01 $419,000 (3.5%) $499,938 (11.1%) 0.00 330
    2023-08-01 $407,450 (1.9%) $486,731 (8.9%) 0.00 343
    2023-09-01 $419,000 (4.9%) $488,356 (11.4%) 0.00 325
    2023-10-01 $419,950 (5.3%) $495,146 (16.3%) 0.00 316
    2023-11-01 $409,450 (5.3%) $482,498 (18.8%) 0.00 336
    2023-12-01 $405,000 (2.0%) $476,164 (15.8%) 0.00 303
    2024-01-01 $399,900 (0.0%) $459,703 (8.7%) 0.00 276
    2024-02-01 $399,450 (-0.1%) $460,645 (9.3%) 0.00 246
    2024-03-01 $401,800 (-2.9%) $466,220 (5.4%) 0.00 266
    2024-04-01 $418,450 (2.1%) $484,244 (7.3%) 0.00 313
    2024-05-01 $414,725 (0.8%) $481,306 (7.6%) 0.00 393
    2024-06-01 $415,000 (-0.1%) $485,045 (3.9%) 0.00 417
    2024-07-01 $419,425 (0.1%) $494,134 (-1.2%) 0.00 462
    2024-08-01 $417,500 (2.5%) $477,497 (-1.9%) 0.00 482
    2024-09-01 $413,750 (-1.3%) $477,958 (-2.1%) 0.00 471
    2024-10-01 $399,900 (-4.8%) $458,978 (-7.3%) 0.00 454
    2024-11-01 $398,900 (-2.6%) $455,427 (-5.6%) 0.00 419
    2024-12-01 $396,725 (-2.0%) $431,112 (-9.5%) 0.00 380
    2025-01-01 $399,913 (0.0%) $427,487 (-7.0%) 0.00 347
    2025-02-01 $399,925 (0.1%) $429,263 (-6.8%) 0.00 345
    2025-03-01 $405,000 (0.8%) $452,251 (-3.0%) 0.00 369
    Aberdeen's median listing price for 2025-03-01 was $405,000, a difference of $3,200 (0.8%) versus the prior year and $5,075 versus the prior month.

    Aberdeen's median listing price comes in at 0% of the national average.

    Aberdeen's average listing price for 2025-03-01 was $452,251, a difference of $-13,969 (-3.0%) versus the prior year and $22,988 versus the prior month.

    For the 2025-03-01 period, Aberdeen had 369 MLS listings, a difference of 24 listings (7%) versus the prior month and 103 listings (39%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Aberdeen (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,509 sqft
    2018-02-01 0 days 1,517 sqft
    2018-03-01 0 days 1,512 sqft
    2018-04-01 0 days 1,479 sqft
    2018-05-01 0 days 1,502 sqft
    2018-06-01 0 days 1,516 sqft
    2018-07-01 0 days 1,488 sqft
    2018-08-01 0 days 1,533 sqft
    2018-09-01 0 days 1,548 sqft
    2018-10-01 0 days 1,544 sqft
    2018-11-01 0 days 1,501 sqft
    2018-12-01 0 days 1,499 sqft
    2019-01-01 0 days 1,488 sqft
    2019-02-01 0 days 1,505 sqft
    2019-03-01 0 days 1,510 sqft
    2019-04-01 0 days 1,505 sqft
    2019-05-01 0 days 1,493 sqft
    2019-06-01 0 days 1,465 sqft
    2019-07-01 0 days 1,488 sqft
    2019-08-01 0 days 1,499 sqft
    2019-09-01 0 days 1,516 sqft
    2019-10-01 0 days 1,506 sqft
    2019-11-01 0 days 1,490 sqft
    2019-12-01 0 days 1,461 sqft
    2020-01-01 0 days 1,467 sqft
    2020-02-01 0 days 1,463 sqft
    2020-03-01 0 days 1,418 sqft
    2020-04-01 0 days 1,418 sqft
    2020-05-01 0 days 1,440 sqft
    2020-06-01 0 days 1,462 sqft
    2020-07-01 0 days 1,484 sqft
    2020-08-01 0 days 1,520 sqft
    2020-09-01 0 days 1,517 sqft
    2020-10-01 0 days 1,528 sqft
    2020-11-01 0 days 1,428 sqft
    2020-12-01 0 days 1,445 sqft
    2021-01-01 0 days 1,434 sqft
    2021-02-01 0 days 1,498 sqft
    2021-03-01 0 days 1,478 sqft
    2021-04-01 0 days 1,524 sqft
    2021-05-01 0 days 1,527 sqft
    2021-06-01 0 days 1,513 sqft
    2021-07-01 0 days 1,544 sqft
    2021-08-01 0 days 1,540 sqft
    2021-09-01 0 days 1,502 sqft
    2021-10-01 0 days 1,518 sqft
    2021-11-01 0 days 1,486 sqft
    2021-12-01 0 days 1,490 sqft
    2022-01-01 0 days 1,425 sqft
    2022-02-01 0 days 1,375 sqft
    2022-03-01 0 days 1,445 sqft
    2022-04-01 0 days 1,440 sqft
    2022-05-01 0 days 1,450 sqft
    2022-06-01 0 days 1,428 sqft
    2022-07-01 0 days 1,468 sqft
    2022-08-01 0 days 1,487 sqft
    2022-09-01 0 days 1,486 sqft
    2022-10-01 0 days 1,488 sqft
    2022-11-01 0 days 1,460 sqft
    2022-12-01 0 days 1,446 sqft
    2023-01-01 0 days 1,448 sqft
    2023-02-01 0 days 1,476 sqft
    2023-03-01 0 days 1,461 sqft
    2023-04-01 0 days 1,491 sqft
    2023-05-01 0 days 1,484 sqft
    2023-06-01 0 days 1,523 sqft
    2023-07-01 0 days 1,500 sqft
    2023-08-01 0 days 1,514 sqft
    2023-09-01 0 days 1,512 sqft
    2023-10-01 0 days 1,492 sqft
    2023-11-01 0 days 1,484 sqft
    2023-12-01 0 days 1,490 sqft
    2024-01-01 0 days 1,489 sqft
    2024-02-01 0 days 1,489 sqft
    2024-03-01 0 days 1,495 sqft
    2024-04-01 0 days 1,497 sqft
    2024-05-01 0 days 1,491 sqft
    2024-06-01 0 days 1,491 sqft
    2024-07-01 0 days 1,492 sqft
    2024-08-01 0 days 1,498 sqft
    2024-09-01 0 days 1,503 sqft
    2024-10-01 0 days 1,498 sqft
    2024-11-01 0 days 1,490 sqft
    2024-12-01 0 days 1,470 sqft
    2025-01-01 0 days 1,468 sqft
    2025-02-01 0 days 1,478 sqft
    2025-03-01 0 days 1,491 sqft
    Aberdeen's median listing age (time on market) for 2025-03-01 was 0 days.

    Aberdeen's median square footage for active listings during the 2025-03-01 period was 1,491 sqft. One year prior, the average listing was 1,495 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).