Kennewick FHA Loan Rates, Closing Costs & Stats

KENNEWICK-RICHLAND, 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.

    Kennewick's 80 lenders originated 1,166 FHA loans during 2024. The total origination value was $415,980,000, with an average FHA loan value of $356,758.

    Kennewick FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Kennewick averaged 0.27% for the week of 2025-07-04, compared to the national average (all FHA variants) of 0% for the same period.

    Kennewick's average FHA mortgage closing costs are $10,322.

    The average rate for the prior week (2025-06-27) was 6.76% and one month ago for the week of 2025-05-30, the average rate was 6.53%.

    The average rate one year ago was 6.85%.

    For refis of the same type during the week of 2025-07-04, the average rate was -0.54%.

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

    Kennewick 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 Kennewick level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 125 5.99% $14,999
    CMG MORTGAGE, INC. 108 6.29% $16,336
    1st Security Bank of Washington 90 6.32% $15,687
    PRIMELENDING, A PLAINSCAPITAL COMPANY 71 6.71% $15,094
    SUMMIT FUNDING, INC. 67 6.93% $15,301
    QUICKEN LOANS, LLC 65 6.05% $14,825
    DHI MORTGAGE COMPANY, LTD. 48 5.32% $10,214
    AMERICAN PACIFIC MORTGAGE CORPORATION 35 6.37% $16,826
    CROSSCOUNTRY MORTGAGE, LLC 30 6.64% $13,108
    BROKER SOLUTIONS, INC. 27 6.81% $13,326
    CHURCHILL MORTGAGE CORPORATION 25 6.66% $14,900
    ENVOY MORTGAGE, LTD 20 6.95% $16,153
    FREEDOM MORTGAGE CORPORATION 20 6.24% $12,518
    Flagstar Bank, FSB 18 6.05% $13,812
    Banner Bank 17 6.12% $10,537
    GUILD MORTGAGE COMPANY 16 6.37% $15,746
    Cornerstone First Mortgage, Inc 16 6.78% $12,777
    PREMIER MORTGAGE RESOURCES, L.L.C. 16 6.40% $16,593
    Glacier Bank 15 6.50% $14,310
    LOANDEPOT.COM, LLC 14 6.21% $15,147
    PENNYMAC LOAN SERVICES, LLC 10 5.85% $15,339
    NEWREZ LLC 9 6.57% $13,253
    Umpqua Bank 9 6.06% $16,705
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 6.66% $12,605
    MOVEMENT MORTGAGE, LLC 7 6.95% $13,521
    MORTGAGEONE, INC. 7 6.52% $14,618
    MUTUAL OF OMAHA MORTGAGE, INC. 6 6.23% $18,374
    LOANPAL, LLC 5 5.70% $14,753
    Nations Lending Corporation 5 6.25% $17,514
    CALCON MUTUAL MORTGAGE LLC 4 6.53% $14,878
    MID AMERICA MORTGAGE, INC. 4 7.31% $9,848
    Mr. Cooper ( Nationstar Mortgage ) 4 6.44% $14,742
    VILLAGE CAPITAL MORTGAGE 4 6.75% $4,330
    Equity Prime Mortgage LLC 4 6.25% $17,678
    CARDINAL FINANCIAL 3 6.24% $14,513
    HOMESIDE FINANCIAL, LLC 3 5.75% $17,374
    LAKEVIEW LOAN SERVICING, LLC 3 5.75% $12,980
    PHH Mortgage Corporation 3 6.29% $12,135
    Plains Commerce Bank 3 6.29% $11,228
    Washington Trust Bank 3 6.92% $14,141
    CANOPY MORTGAGE, LLC 2 6.75% $16,902
    AMERICAN FINANCING CORPORATION 2 6.06% $12,780
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 2 6.75% $16,858
    Loan Simple, Inc. 2 6.31% $13,466
    LPMC, LLC 2 6.06% $15,931
    Lakeview Community Capital, LLC 2 5.94% $11,856
    GUARANTEED RATE, INC. 2 5.62% $13,544
    JPMorgan Chase Bank 2 6.44% $6,698
    INTELLILOAN, INC. 2 6.06% $7,336
    AMERISAVE MORTGAGE CORPORATION 2 6.44% $13,587
    AMERICAN FINANCIAL NETWORK, INC. 1 5.75% $15,356
    U.S. Bank 1 6.63% $10,631
    CORNERSTONE HOME LENDING, INC. 1 6.13% $16,151
    COMMUNITY MORTGAGE FUNDING, LLC 1 5.75% $13,047
    Commerce Home Mortgage, Inc. 1 7.00% $14,605
    Carrington Mortgage Services, LLC 1 6.13% $12,356
    DIRECTORS MORTGAGE, INC. 1 7.38% $16,240
    First Western Trust Bank 1 6.50% $7,388
    BETTER MORTGAGE CORPORATION 1 6.00% $9,209
    BAYSHORE MORTGAGE FUNDING, LLC 1 6.63% $12,838
    LADERA LENDING, INC. 1 6.25% $12,569
    LAND HOME FINANCIAL SERVICES, INC. 1 6.13% $9,673
    LEADERONE FINANCIAL CORPORATION 1 6.88% $13,912
    LIBERTY HOME MORTGAGE CORPORATION 1 6.13% $18,126
    Bank of England 1 6.75% $10,149
    MORTGAGE EXPRESS, LLC 1 5.13% $8,029
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.25% $14,501
    NETWORK CAPITAL FUNDING CORPORATION 1 6.50% $9,282
    AXIA FINANCIAL, LLC 1 6.50% $18,804
    NUMERICA CREDIT UNION 1 5.25% $10,528
    OCMBC, INC. 1 5.75% $20,298
    Paramount Residential Mortgage Group, Inc. 1 6.38% $11,300
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $17,632
    PREMIER LENDING, INC. 1 6.88% $12,051
    AMERITRUST MORTGAGE CORPORATION 1 6.75% $13,529
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.75% $11,527
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.63% $16,096
    SUN WEST MORTGAGE COMPANY, INC. 1 7.75% $22,738
    TOP FLITE FINANCIAL, INC. 1 5.75% $22,513
    ZILLOW HOME LOANS, LLC 1 5.88% $17,164

    The top Kennewick FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 125 FHA loans originated. Their average total fees are $14,999, which is $1,337 lower than the next largest lender, CMG MORTGAGE, INC..

    The lowest fee Kennewick FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($10,214), Banner Bank ($10,537), FREEDOM MORTGAGE CORPORATION ($12,518), Cornerstone First Mortgage, Inc ($12,777) and CROSSCOUNTRY MORTGAGE, LLC ($13,108).

    The lowest rate Kennewick FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.32%), PENNYMAC LOAN SERVICES, LLC (5.85%), UNITED WHOLESALE MORTGAGE, LLC (5.99%), Flagstar Bank, FSB (6.05%) and QUICKEN LOANS, LLC (6.05%).

    Kennewick FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    KENNEWICK-RICHLAND, WA BENTON 2022 $420,680 $538,650 $651,050 $809,150
    KENNEWICK-RICHLAND, WA FRANKLIN 2022 $420,680 $538,650 $651,050 $809,150
    KENNEWICK-RICHLAND, WA BENTON 2023 $472,030 $604,400 $730,525 $907,900
    KENNEWICK-RICHLAND, WA FRANKLIN 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).