Centralia FHA Loan Rates, Closing Costs & Stats

Centralia, 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.

    Centralia's 57 lenders originated 314 FHA loans during 2024. The total origination value was $107,640,000, with an average FHA loan value of $342,803.

    Centralia FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Centralia averaged 0.01% for the week of 2025-07-04, compared to the national average (all FHA variants) of 0% for the same period.

    Centralia's average FHA mortgage closing costs are $10,407.

    The average rate for the prior week (2025-06-27) was 6.6% and one month ago for the week of 2025-05-30, the average rate was 6.67%.

    The average rate one year ago was 6.99%.

    For refis of the same type during the week of 2025-07-04, the average rate was -0.06%.

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

    Centralia 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 Centralia level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 49 6.51% $15,275
    UNITED WHOLESALE MORTGAGE, LLC 41 6.10% $15,053
    SUMMIT FUNDING, INC. 21 6.46% $15,460
    MOVEMENT MORTGAGE, LLC 17 6.56% $13,674
    CROSSCOUNTRY MORTGAGE, LLC 14 6.77% $15,583
    QUICKEN LOANS, LLC 10 6.14% $13,726
    NEWREZ LLC 8 6.26% $12,451
    FREEDOM MORTGAGE CORPORATION 7 6.48% $16,366
    BROKER SOLUTIONS, INC. 6 6.90% $15,682
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 6.96% $12,070
    WASHINGTON STATE EMPLOYEES Credit Union 5 6.13% $12,505
    PENNYMAC LOAN SERVICES, LLC 5 5.70% $8,827
    NOVA FINANCIAL & INVESTMENT CORPORATION 5 6.70% $16,294
    AMERICAN FINANCIAL RESOURCES, INC. 4 6.28% $19,081
    MLD MORTGAGE INC. 4 6.63% $11,832
    CORNERSTONE HOME LENDING, INC. 4 6.81% $13,865
    GUARANTEED RATE, INC. 3 6.71% $18,163
    T2 FINANCIAL LLC 3 6.83% $13,432
    CANOPY MORTGAGE, LLC 3 6.33% $19,836
    CMG MORTGAGE, INC. 3 6.42% $10,990
    Mr. Cooper ( Nationstar Mortgage ) 3 6.08% $22,435
    Flagstar Bank, FSB 3 6.51% $12,071
    1st Security Bank of Washington 2 6.31% $10,686
    Carrington Mortgage Services, LLC 2 5.88% $17,287
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 2 7.13% $17,348
    INTELLILOAN, INC. 2 5.69% $6,269
    LOANDEPOT.COM, LLC 2 7.12% $11,714
    MID AMERICA MORTGAGE, INC. 2 6.81% $11,396
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 6.25% $7,023
    MOUNTAIN WEST FINANCIAL, INC. 2 7.00% $15,605
    Paramount Residential Mortgage Group, Inc. 2 6.50% $15,399
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.56% $16,540
    S1L, Inc. 2 6.00% $13,755
    The Loan Store, Inc. 2 5.56% $16,735
    FIRST COLONY MORTGAGE CORPORATION 1 5.25% $14,101
    Equity Prime Mortgage LLC 1 6.25% $10,106
    DAS Acquisition Company, LLC 1 7.50% $15,441
    OnPoint Community Credit Union 1 6.00% $11,846
    OPEN MORTGAGE, LLC 1 5.75% $8,607
    VILLAGE CAPITAL MORTGAGE 1 6.49% $9,836
    CARDINAL FINANCIAL 1 7.00% $15,357
    PENTAGON FEDERAL CREDIT UNION 1 6.25% $11,191
    PLANET HOME LENDING, LLC 1 6.75% $13,656
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.13% $11,438
    V.I.P. MORTGAGE, INC. 1 5.75% $18,896
    BAY EQUITY LLC 1 6.63% $7,521
    RANLIFE, INC. 1 7.75% $24,230
    AMERICAN FINANCING CORPORATION 1 6.50% $9,098
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.25% $28,120
    INTERCAP LENDING INC. 1 7.63% $13,432
    Sunflower Bank 1 6.49% $13,193
    MASON MCDUFFIE MORTGAGE CORPORATION 1 5.75% $12,572
    AMERISAVE MORTGAGE CORPORATION 1 6.63% $23,327
    HomeStreet Bank 1 7.00% $14,241
    Waterstone Mortgage Corporation 1 7.13% $19,257
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.13% $11,586
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.38% $14,274

    The top Centralia FHA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 49 FHA loans originated. Their average total fees are $15,275, which is $222 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Centralia FHA lenders (with over 10 loans originated) are MOVEMENT MORTGAGE, LLC ($13,674), QUICKEN LOANS, LLC ($13,726), UNITED WHOLESALE MORTGAGE, LLC ($15,053), GUILD MORTGAGE COMPANY ($15,275) and SUMMIT FUNDING, INC. ($15,460).

    The lowest rate Centralia FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.10%), QUICKEN LOANS, LLC (6.14%), SUMMIT FUNDING, INC. (6.46%), GUILD MORTGAGE COMPANY (6.51%) and MOVEMENT MORTGAGE, LLC (6.56%).

    Centralia FHA Loan Limits

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

    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).