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 6.67% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

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

    The average rate for the prior week (2025-03-28) was 6.77% and one month ago for the week of 2025-02-28, the average rate was 6.45%.

    The average rate one year ago was 6.67%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.8%.

    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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Centralia (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 $250,000 (30.9%) $324,084 (18.0%) 0.00 222
    2018-02-01 $250,350 (22.3%) $327,215 (17.3%) 0.00 197
    2018-03-01 $265,000 (21.0%) $333,720 (15.8%) 0.00 182
    2018-04-01 $287,475 (19.8%) $351,094 (16.0%) 0.00 177
    2018-05-01 $292,475 (17.0%) $347,039 (13.8%) 0.00 191
    2018-06-01 $289,000 (14.5%) $339,851 (8.2%) 0.00 233
    2018-07-01 $299,500 (19.9%) $352,527 (12.7%) 0.00 246
    2018-08-01 $297,200 (18.9%) $345,225 (10.3%) 0.00 282
    2018-09-01 $299,000 (19.6%) $341,248 (10.1%) 0.00 302
    2018-10-01 $299,250 (20.2%) $343,781 (13.1%) 0.00 296
    2018-11-01 $299,000 (19.6%) $346,281 (10.0%) 0.00 289
    2018-12-01 $314,900 (26.0%) $368,393 (17.0%) 0.00 245
    2019-01-01 $321,250 (28.5%) $379,863 (17.2%) 0.00 200
    2019-02-01 $315,000 (25.8%) $371,656 (13.6%) 0.00 200
    2019-03-01 $314,171 (18.6%) $359,424 (7.7%) 0.00 203
    2019-04-01 $308,584 (7.3%) $353,951 (0.8%) 0.00 186
    2019-05-01 $308,675 (5.5%) $354,552 (2.2%) 0.00 194
    2019-06-01 $312,472 (8.1%) $354,493 (4.3%) 0.00 216
    2019-07-01 $319,000 (6.5%) $364,756 (3.5%) 0.00 234
    2019-08-01 $316,273 (6.4%) $367,084 (6.3%) 0.00 255
    2019-09-01 $312,182 (4.4%) $363,601 (6.6%) 0.00 269
    2019-10-01 $309,455 (3.4%) $361,279 (5.1%) 0.00 279
    2019-11-01 $309,000 (3.3%) $358,218 (3.5%) 0.00 271
    2019-12-01 $299,950 (-4.8%) $363,234 (-1.4%) 0.00 231
    2020-01-01 $312,400 (-2.8%) $387,031 (1.9%) 0.00 224
    2020-02-01 $317,900 (0.9%) $378,725 (1.9%) 0.00 223
    2020-03-01 $312,500 (-0.5%) $379,105 (5.5%) 0.00 231
    2020-04-01 $325,250 (5.4%) $384,676 (8.7%) 0.00 234
    2020-05-01 $329,450 (6.7%) $397,159 (12.0%) 0.00 231
    2020-06-01 $334,000 (6.9%) $401,862 (13.4%) 0.00 220
    2020-07-01 $335,625 (5.2%) $399,721 (9.6%) 0.00 229
    2020-08-01 $349,900 (10.6%) $415,402 (13.2%) 0.00 222
    2020-09-01 $330,000 (5.7%) $410,932 (13.0%) 0.00 233
    2020-10-01 $339,000 (9.6%) $422,429 (16.9%) 0.00 222
    2020-11-01 $342,225 (10.8%) $436,652 (21.9%) 0.00 136
    2020-12-01 $332,000 (10.7%) $430,070 (18.4%) 0.00 111
    2021-01-01 $342,500 (9.6%) $436,670 (12.8%) 0.00 96
    2021-02-01 $349,750 (10.0%) $457,206 (20.7%) 0.00 86
    2021-03-01 $361,250 (15.6%) $458,335 (20.9%) 0.00 79
    2021-04-01 $386,500 (18.8%) $467,885 (21.6%) 0.00 72
    2021-05-01 $399,000 (21.1%) $478,292 (20.4%) 0.00 91
    2021-06-01 $398,225 (19.2%) $512,574 (27.6%) 0.00 107
    2021-07-01 $425,000 (26.6%) $525,499 (31.5%) 0.00 119
    2021-08-01 $436,750 (24.8%) $521,995 (25.7%) 0.00 140
    2021-09-01 $449,450 (36.2%) $510,244 (24.2%) 0.00 152
    2021-10-01 $430,000 (26.8%) $509,445 (20.6%) 0.00 148
    2021-11-01 $449,600 (31.4%) $515,520 (18.1%) 0.00 117
    2021-12-01 $429,500 (29.4%) $494,326 (14.9%) 0.00 92
    2022-01-01 $420,000 (22.6%) $502,297 (15.0%) 0.00 65
    2022-02-01 $429,700 (22.9%) $527,532 (15.4%) 0.00 70
    2022-03-01 $452,000 (25.1%) $571,897 (24.8%) 0.00 74
    2022-04-01 $487,450 (26.1%) $648,477 (38.6%) 0.00 88
    2022-05-01 $539,225 (35.1%) $653,420 (36.6%) 0.00 125
    2022-06-01 $498,700 (25.2%) $618,109 (20.6%) 0.00 194
    2022-07-01 $525,000 (23.5%) $583,845 (11.1%) 0.00 245
    2022-08-01 $499,925 (14.5%) $563,131 (7.9%) 0.00 285
    2022-09-01 $487,250 (8.4%) $550,365 (7.9%) 0.00 289
    2022-10-01 $489,000 (13.7%) $545,424 (7.1%) 0.00 271
    2022-11-01 $487,475 (8.4%) $550,486 (6.8%) 0.00 252
    2022-12-01 $497,500 (15.8%) $556,719 (12.6%) 0.00 194
    2023-01-01 $449,500 (7.0%) $559,476 (11.4%) 0.00 173
    2023-02-01 $485,000 (12.9%) $577,568 (9.5%) 0.00 156
    2023-03-01 $499,000 (10.4%) $584,444 (2.2%) 0.00 145
    2023-04-01 $499,000 (2.4%) $591,389 (-8.8%) 0.00 145
    2023-05-01 $567,000 (5.2%) $613,238 (-6.2%) 0.00 142
    2023-06-01 $550,000 (10.3%) $602,754 (-2.5%) 0.00 162
    2023-07-01 $565,000 (7.6%) $614,020 (5.2%) 0.00 175
    2023-08-01 $545,000 (9.0%) $622,589 (10.6%) 0.00 195
    2023-09-01 $535,000 (9.8%) $620,428 (12.7%) 0.00 204
    2023-10-01 $512,500 (4.8%) $603,268 (10.6%) 0.00 227
    2023-11-01 $507,450 (4.1%) $588,189 (6.9%) 0.00 243
    2023-12-01 $514,900 (3.5%) $593,963 (6.7%) 0.00 225
    2024-01-01 $547,500 (21.8%) $617,136 (10.3%) 0.00 204
    2024-02-01 $547,450 (12.9%) $613,455 (6.2%) 0.00 188
    2024-03-01 $529,950 (6.2%) $591,090 (1.1%) 0.00 202
    2024-04-01 $500,700 (0.3%) $580,044 (-1.9%) 0.00 201
    2024-05-01 $499,925 (-11.8%) $577,103 (-5.9%) 0.00 235
    2024-06-01 $524,900 (-4.6%) $596,613 (-1.0%) 0.00 268
    2024-07-01 $525,000 (-7.1%) $599,873 (-2.3%) 0.00 285
    2024-08-01 $524,725 (-3.7%) $593,992 (-4.6%) 0.00 315
    2024-09-01 $524,750 (-1.9%) $598,785 (-3.5%) 0.00 303
    2024-10-01 $506,800 (-1.1%) $595,746 (-1.3%) 0.00 302
    2024-11-01 $495,000 (-2.5%) $584,256 (-0.7%) 0.00 291
    2024-12-01 $498,950 (-3.1%) $590,217 (-0.6%) 0.00 263
    2025-01-01 $492,450 (-10.1%) $559,787 (-9.3%) 0.00 238
    2025-02-01 $489,745 (-10.5%) $565,656 (-7.8%) 0.00 230
    2025-03-01 $485,000 (-8.5%) $562,377 (-4.9%) 0.00 238
    Centralia's median listing price for 2025-03-01 was $485,000, a difference of $-44,950 (-8.5%) versus the prior year and $-4,745 versus the prior month.

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

    Centralia's average listing price for 2025-03-01 was $562,377, a difference of $-28,713 (-4.9%) versus the prior year and $-3,279 versus the prior month.

    For the 2025-03-01 period, Centralia had 238 MLS listings, a difference of 8 listings (3%) versus the prior month and 36 listings (18%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Centralia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,782 sqft
    2018-02-01 0 days 1,775 sqft
    2018-03-01 0 days 1,875 sqft
    2018-04-01 0 days 1,932 sqft
    2018-05-01 0 days 1,909 sqft
    2018-06-01 0 days 1,906 sqft
    2018-07-01 0 days 1,940 sqft
    2018-08-01 0 days 1,865 sqft
    2018-09-01 0 days 1,864 sqft
    2018-10-01 0 days 1,843 sqft
    2018-11-01 0 days 1,834 sqft
    2018-12-01 0 days 1,878 sqft
    2019-01-01 0 days 1,886 sqft
    2019-02-01 0 days 1,880 sqft
    2019-03-01 0 days 1,851 sqft
    2019-04-01 0 days 1,833 sqft
    2019-05-01 0 days 1,847 sqft
    2019-06-01 0 days 1,782 sqft
    2019-07-01 0 days 1,782 sqft
    2019-08-01 0 days 1,777 sqft
    2019-09-01 0 days 1,770 sqft
    2019-10-01 0 days 1,765 sqft
    2019-11-01 0 days 1,782 sqft
    2019-12-01 0 days 1,782 sqft
    2020-01-01 0 days 1,794 sqft
    2020-02-01 0 days 1,782 sqft
    2020-03-01 0 days 1,757 sqft
    2020-04-01 0 days 1,746 sqft
    2020-05-01 0 days 1,781 sqft
    2020-06-01 0 days 1,801 sqft
    2020-07-01 0 days 1,813 sqft
    2020-08-01 0 days 1,790 sqft
    2020-09-01 0 days 1,709 sqft
    2020-10-01 0 days 1,702 sqft
    2020-11-01 0 days 1,711 sqft
    2020-12-01 0 days 1,764 sqft
    2021-01-01 0 days 1,705 sqft
    2021-02-01 0 days 1,678 sqft
    2021-03-01 0 days 1,570 sqft
    2021-04-01 0 days 1,599 sqft
    2021-05-01 0 days 1,592 sqft
    2021-06-01 0 days 1,644 sqft
    2021-07-01 0 days 1,760 sqft
    2021-08-01 0 days 1,821 sqft
    2021-09-01 0 days 1,839 sqft
    2021-10-01 0 days 1,958 sqft
    2021-11-01 0 days 1,899 sqft
    2021-12-01 0 days 1,800 sqft
    2022-01-01 0 days 1,722 sqft
    2022-02-01 0 days 1,705 sqft
    2022-03-01 0 days 1,786 sqft
    2022-04-01 0 days 1,876 sqft
    2022-05-01 0 days 1,789 sqft
    2022-06-01 0 days 1,762 sqft
    2022-07-01 0 days 1,850 sqft
    2022-08-01 0 days 1,863 sqft
    2022-09-01 0 days 1,810 sqft
    2022-10-01 0 days 1,810 sqft
    2022-11-01 0 days 1,794 sqft
    2022-12-01 0 days 1,792 sqft
    2023-01-01 0 days 1,759 sqft
    2023-02-01 0 days 1,831 sqft
    2023-03-01 0 days 1,864 sqft
    2023-04-01 0 days 1,941 sqft
    2023-05-01 0 days 1,939 sqft
    2023-06-01 0 days 1,868 sqft
    2023-07-01 0 days 1,919 sqft
    2023-08-01 0 days 1,883 sqft
    2023-09-01 0 days 1,892 sqft
    2023-10-01 0 days 1,922 sqft
    2023-11-01 0 days 1,928 sqft
    2023-12-01 0 days 1,908 sqft
    2024-01-01 0 days 1,974 sqft
    2024-02-01 0 days 1,970 sqft
    2024-03-01 0 days 1,944 sqft
    2024-04-01 0 days 1,880 sqft
    2024-05-01 0 days 1,907 sqft
    2024-06-01 0 days 1,920 sqft
    2024-07-01 0 days 1,884 sqft
    2024-08-01 0 days 1,867 sqft
    2024-09-01 0 days 1,800 sqft
    2024-10-01 0 days 1,842 sqft
    2024-11-01 0 days 1,797 sqft
    2024-12-01 0 days 1,764 sqft
    2025-01-01 0 days 1,766 sqft
    2025-02-01 0 days 1,815 sqft
    2025-03-01 0 days 1,782 sqft
    Centralia's median listing age (time on market) for 2025-03-01 was 0 days.

    Centralia's median square footage for active listings during the 2025-03-01 period was 1,782 sqft. One year prior, the average listing was 1,944 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).