Kennewick FHA Loan Rates, Closing Costs & Stats

KENNEWICK-RICHLAND, WA

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).