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 6.53% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

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

    The average rate for the prior week (2025-03-28) was 6.53% and one month ago for the week of 2025-02-28, the average rate was 6.21%.

    The average rate one year ago was 6.43%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.92%.

    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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Kennewick (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 $316,575 (6.6%) $339,630 (2.4%) 1.17 833
    2018-02-01 $322,450 (1.6%) $344,325 (0.4%) 1.17 825
    2018-03-01 $329,800 (1.5%) $354,695 (1.4%) 1.16 850
    2018-04-01 $324,975 (0.0%) $353,587 (1.4%) 1.10 933
    2018-05-01 $330,000 (0.3%) $356,641 (0.6%) 1.10 990
    2018-06-01 $334,000 (0.5%) $356,504 (-1.9%) 1.11 745
    2018-07-01 $330,750 (1.8%) $354,951 (0.4%) 1.10 1,075
    2018-08-01 $322,450 (1.1%) $353,370 (0.9%) 1.08 1,134
    2018-09-01 $318,230 (6.2%) $352,338 (7.1%) 1.07 1,159
    2018-10-01 $318,615 (6.2%) $355,604 (8.4%) 1.08 1,147
    2018-11-01 $316,525 (4.0%) $354,420 (7.2%) 1.07 1,066
    2018-12-01 $320,000 (3.2%) $357,779 (6.9%) 1.10 947
    2019-01-01 $320,000 (1.1%) $353,449 (4.1%) 1.11 884
    2019-02-01 $322,335 (0.0%) $353,936 (2.8%) 1.09 823
    2019-03-01 $338,923 (2.8%) $370,285 (4.4%) 1.11 665
    2019-04-01 $357,725 (10.1%) $391,783 (10.8%) 1.14 519
    2019-05-01 $349,979 (6.1%) $390,175 (9.4%) 1.09 539
    2019-06-01 $359,000 (7.5%) $397,081 (11.4%) 1.12 543
    2019-07-01 $364,225 (10.1%) $402,174 (13.3%) 1.14 583
    2019-08-01 $362,018 (12.3%) $401,043 (13.5%) 1.15 631
    2019-09-01 $352,389 (10.7%) $389,168 (10.5%) 1.13 692
    2019-10-01 $345,970 (8.6%) $381,250 (7.2%) 1.12 712
    2019-11-01 $350,000 (10.6%) $397,106 (12.0%) 1.15 682
    2019-12-01 $351,900 (10.0%) $395,749 (10.6%) 1.17 632
    2020-01-01 $359,900 (12.5%) $401,652 (13.6%) 1.20 577
    2020-02-01 $373,708 (15.9%) $404,642 (14.3%) 1.22 498
    2020-03-01 $384,972 (13.6%) $416,590 (12.5%) 1.21 499
    2020-04-01 $397,400 (11.1%) $421,967 (7.7%) 1.24 498
    2020-05-01 $409,950 (17.1%) $432,531 (10.9%) 1.25 475
    2020-06-01 $402,500 (12.1%) $435,713 (9.7%) 1.19 486
    2020-07-01 $414,288 (13.7%) $446,390 (11.0%) 1.20 502
    2020-08-01 $409,000 (13.0%) $442,641 (10.4%) 1.17 469
    2020-09-01 $399,900 (13.5%) $451,503 (16.0%) 1.15 465
    2020-10-01 $399,900 (15.6%) $452,538 (18.7%) 1.15 469
    2020-11-01 $402,725 (15.1%) $458,393 (15.4%) 1.18 416
    2020-12-01 $418,400 (18.9%) $467,591 (18.2%) 1.24 347
    2021-01-01 $418,825 (16.4%) $472,255 (17.6%) 1.25 313
    2021-02-01 $427,450 (14.4%) $487,732 (20.5%) 1.24 280
    2021-03-01 $440,925 (14.5%) $488,179 (17.2%) 1.25 234
    2021-04-01 $443,975 (11.7%) $497,243 (17.8%) 1.20 203
    2021-05-01 $460,000 (12.2%) $504,389 (16.6%) 1.22 200
    2021-06-01 $477,723 (18.7%) $514,869 (18.2%) 1.26 205
    2021-07-01 $472,500 (14.1%) $516,576 (15.7%) 1.25 243
    2021-08-01 $506,213 (23.8%) $539,037 (21.8%) 1.35 293
    2021-09-01 $499,450 (24.9%) $532,473 (17.9%) 1.33 356
    2021-10-01 $512,875 (28.3%) $552,306 (22.1%) 1.37 389
    2021-11-01 $526,938 (30.8%) $566,403 (23.6%) 1.41 416
    2021-12-01 $531,913 (27.1%) $576,270 (23.2%) 1.44 392
    2022-01-01 $551,400 (31.7%) $581,924 (23.2%) 1.49 338
    2022-02-01 $534,940 (25.2%) $572,735 (17.4%) 1.39 305
    2022-03-01 $542,188 (23.0%) $577,866 (18.4%) 1.36 309
    2022-04-01 $525,000 (18.3%) $563,840 (13.4%) 1.25 328
    2022-05-01 $530,150 (15.3%) $564,771 (12.0%) 1.21 355
    2022-06-01 $537,000 (12.4%) $573,579 (11.4%) 1.20 409
    2022-07-01 $525,000 (11.1%) $565,848 (9.5%) 1.18 541
    2022-08-01 $525,000 (3.7%) $567,231 (5.2%) 1.21 572
    2022-09-01 $539,700 (8.1%) $580,669 (9.1%) 1.26 547
    2022-10-01 $549,900 (7.2%) $583,976 (5.7%) 1.29 641
    2022-11-01 $545,975 (3.6%) $582,037 (2.8%) 1.31 674
    2022-12-01 $549,900 (3.4%) $577,170 (0.2%) 1.36 614
    2023-01-01 $551,950 (0.1%) $575,748 (-1.1%) 1.37 555
    2023-02-01 $559,450 (4.6%) $580,726 (1.4%) 1.35 526
    2023-03-01 $549,948 (1.4%) $584,283 (1.1%) 1.30 504
    2023-04-01 $544,950 (3.8%) $590,356 (4.7%) 1.27 526
    2023-05-01 $542,423 (2.3%) $600,010 (6.2%) 1.23 601
    2023-06-01 $542,850 (1.1%) $595,611 (3.8%) 1.22 644
    2023-07-01 $549,875 (4.7%) $608,595 (7.6%) 1.25 655
    2023-08-01 $541,263 (3.1%) $610,331 (7.6%) 1.24 707
    2023-09-01 $534,875 (-0.9%) $601,651 (3.6%) 1.25 751
    2023-10-01 $517,500 (-5.9%) $589,543 (1.0%) 1.22 775
    2023-11-01 $519,900 (-4.8%) $588,596 (1.1%) 1.24 795
    2023-12-01 $517,900 (-5.8%) $582,290 (0.9%) 1.26 751
    2024-01-01 $519,113 (-6.0%) $582,593 (1.2%) 1.27 689
    2024-02-01 $501,148 (-10.4%) $569,972 (-1.9%) 1.21 669
    2024-03-01 $515,000 (-6.4%) $584,268 (0.0%) 1.21 638
    2024-04-01 $527,000 (-3.3%) $592,273 (0.3%) 1.23 662
    2024-05-01 $526,415 (-3.0%) $596,152 (-0.6%) 1.20 709
    2024-06-01 $529,850 (-2.4%) $595,967 (0.1%) 1.20 772
    2024-07-01 $525,000 (-4.5%) $594,305 (-2.4%) 1.20 812
    2024-08-01 $520,000 (-3.9%) $595,273 (-2.5%) 1.21 830
    2024-09-01 $517,450 (-3.3%) $595,224 (-1.1%) 1.22 879
    2024-10-01 $512,263 (-1.0%) $594,795 (0.9%) 1.21 878
    2024-11-01 $508,900 (-2.1%) $590,977 (0.4%) 1.22 869
    2024-12-01 $499,950 (-3.5%) $582,214 (0.0%) 1.24 796
    2025-01-01 $509,875 (-1.8%) $584,398 (0.3%) 1.27 740
    2025-02-01 $511,355 (2.0%) $583,782 (2.4%) 1.24 720
    2025-03-01 $529,000 (2.7%) $589,264 (0.9%) 0.00 708
    Kennewick's median listing price for 2025-03-01 was $529,000, a difference of $14,000 (2.7%) versus the prior year and $17,645 versus the prior month.

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

    Kennewick's average listing price for 2025-03-01 was $589,264, a difference of $4,996 (0.9%) versus the prior year and $5,482 versus the prior month.

    For the 2025-03-01 period, Kennewick had 708 MLS listings, a difference of -12 listings (-2%) versus the prior month and 70 listings (11%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Kennewick (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 65 days 2,148 sqft
    2018-02-01 51 days 2,167 sqft
    2018-03-01 37 days 2,187 sqft
    2018-04-01 33 days 2,159 sqft
    2018-05-01 36 days 2,192 sqft
    2018-06-01 36 days 2,200 sqft
    2018-07-01 36 days 2,183 sqft
    2018-08-01 38 days 2,137 sqft
    2018-09-01 43 days 2,107 sqft
    2018-10-01 46 days 2,121 sqft
    2018-11-01 51 days 2,122 sqft
    2018-12-01 61 days 2,118 sqft
    2019-01-01 65 days 2,099 sqft
    2019-02-01 61 days 2,062 sqft
    2019-03-01 55 days 2,113 sqft
    2019-04-01 47 days 2,173 sqft
    2019-05-01 39 days 2,142 sqft
    2019-06-01 37 days 2,181 sqft
    2019-07-01 31 days 2,204 sqft
    2019-08-01 34 days 2,214 sqft
    2019-09-01 40 days 2,197 sqft
    2019-10-01 46 days 2,185 sqft
    2019-11-01 46 days 2,234 sqft
    2019-12-01 53 days 2,164 sqft
    2020-01-01 60 days 2,198 sqft
    2020-02-01 56 days 2,200 sqft
    2020-03-01 37 days 2,207 sqft
    2020-04-01 42 days 2,239 sqft
    2020-05-01 53 days 2,327 sqft
    2020-06-01 44 days 2,305 sqft
    2020-07-01 41 days 2,300 sqft
    2020-08-01 37 days 2,270 sqft
    2020-09-01 36 days 2,248 sqft
    2020-10-01 36 days 2,202 sqft
    2020-11-01 46 days 2,201 sqft
    2020-12-01 61 days 2,193 sqft
    2021-01-01 53 days 2,161 sqft
    2021-02-01 42 days 2,144 sqft
    2021-03-01 33 days 2,180 sqft
    2021-04-01 33 days 2,174 sqft
    2021-05-01 29 days 2,232 sqft
    2021-06-01 28 days 2,236 sqft
    2021-07-01 22 days 2,145 sqft
    2021-08-01 23 days 2,213 sqft
    2021-09-01 22 days 2,190 sqft
    2021-10-01 33 days 2,179 sqft
    2021-11-01 38 days 2,221 sqft
    2021-12-01 52 days 2,220 sqft
    2022-01-01 64 days 2,212 sqft
    2022-02-01 49 days 2,176 sqft
    2022-03-01 38 days 2,138 sqft
    2022-04-01 33 days 2,184 sqft
    2022-05-01 28 days 2,176 sqft
    2022-06-01 27 days 2,222 sqft
    2022-07-01 31 days 2,204 sqft
    2022-08-01 37 days 2,225 sqft
    2022-09-01 47 days 2,254 sqft
    2022-10-01 44 days 2,200 sqft
    2022-11-01 50 days 2,177 sqft
    2022-12-01 68 days 2,143 sqft
    2023-01-01 79 days 2,139 sqft
    2023-02-01 83 days 2,162 sqft
    2023-03-01 59 days 2,200 sqft
    2023-04-01 53 days 2,162 sqft
    2023-05-01 44 days 2,158 sqft
    2023-06-01 45 days 2,137 sqft
    2023-07-01 52 days 2,192 sqft
    2023-08-01 46 days 2,194 sqft
    2023-09-01 49 days 2,168 sqft
    2023-10-01 53 days 2,133 sqft
    2023-11-01 59 days 2,144 sqft
    2023-12-01 68 days 2,092 sqft
    2024-01-01 78 days 2,085 sqft
    2024-02-01 70 days 2,025 sqft
    2024-03-01 53 days 2,021 sqft
    2024-04-01 50 days 2,071 sqft
    2024-05-01 43 days 2,123 sqft
    2024-06-01 41 days 2,160 sqft
    2024-07-01 45 days 2,123 sqft
    2024-08-01 51 days 2,120 sqft
    2024-09-01 51 days 2,096 sqft
    2024-10-01 54 days 2,082 sqft
    2024-11-01 64 days 2,057 sqft
    2024-12-01 71 days 1,991 sqft
    2025-01-01 76 days 2,022 sqft
    2025-02-01 75 days 2,037 sqft
    2025-03-01 0 days 2,083 sqft
    Kennewick's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Kennewick's median square footage for active listings during the 2025-03-01 period was 2,083 sqft. One year prior, the average listing was 2,021 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).