Moses Lake FHA Loan Rates, Closing Costs & Stats

Moses Lake, 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.

Moses Lake's 55 lenders originated 372 FHA loans during 2024. The total origination value was $113,320,000, with an average FHA loan value of $304,624.

Moses Lake FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Moses Lake 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.

Moses Lake's average FHA mortgage closing costs are $9,989.

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 6.55%.

The average rate one year ago was 6.87%.

For refis of the same type during the week of 2025-04-04, the average rate was 6.09%.

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

Moses Lake 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 Moses Lake level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
GUILD MORTGAGE COMPANY 71 6.81% $14,039
MOVEMENT MORTGAGE, LLC 48 6.70% $13,595
UNITED WHOLESALE MORTGAGE, LLC 31 5.99% $16,256
QUICKEN LOANS, LLC 29 6.11% $13,409
CMG MORTGAGE, INC. 26 6.15% $16,960
Glacier Bank 18 6.52% $12,549
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.93% $11,218
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 6 6.77% $14,412
SUMMIT FUNDING, INC. 6 7.10% $10,081
FREEDOM MORTGAGE CORPORATION 6 6.67% $14,358
CHURCHILL MORTGAGE CORPORATION 5 7.08% $12,812
1st Security Bank of Washington 5 5.73% $15,651
AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.38% $13,702
MUTUAL OF OMAHA MORTGAGE, INC. 3 6.21% $17,823
Carrington Mortgage Services, LLC 3 6.33% $18,183
CROSSCOUNTRY MORTGAGE, LLC 3 7.10% $13,716
LOANDEPOT.COM, LLC 2 5.24% $14,345
Paramount Residential Mortgage Group, Inc. 2 7.25% $14,981
PENNYMAC LOAN SERVICES, LLC 2 5.75% $14,598
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 6.50% $11,630
CORNERSTONE HOME LENDING, INC. 2 6.81% $15,931
AMERISAVE MORTGAGE CORPORATION 2 5.69% $17,437
AMERICAN FINANCING CORPORATION 2 5.50% $12,680
CANOPY MORTGAGE, LLC 2 6.88% $15,927
Washington Trust Bank 2 6.75% $7,336
LOANPAL, LLC 1 5.63% $12,345
Loan Simple, Inc. 1 6.25% $16,527
Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $11,474
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.75% $22,072
NBKC BANK 1 6.38% $10,834
DIRECTORS MORTGAGE, INC. 1 6.63% $13,599
NFM, INC. 1 6.13% $22,589
NUMERICA CREDIT UNION 1 6.13% $13,808
OCMBC, INC. 1 6.75% $10,580
Plains Commerce Bank 1 7.50% $11,352
PREMIER MORTGAGE RESOURCES, L.L.C. 1 5.99% $19,579
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.88% $12,358
S1L, Inc. 1 7.00% $11,424
AMERICAN FINANCIAL NETWORK, INC. 1 6.75% $9,068
Sunflower Bank 1 5.99% $13,169
T2 FINANCIAL LLC 1 6.25% $9,545
The Loan Store, Inc. 1 6.13% $14,610
TruHome Solutions, LLC 1 5.13% $14,167
Alaska USA Federal Credit Union 1 6.75% $9,356
U.S. Bank 1 7.00% $11,912
VILLAGE CAPITAL MORTGAGE 1 6.75% $10,152
NEWREZ LLC 1 6.25% $11,084
ENVOY MORTGAGE, LTD 1 6.63% $9,724
Cornerstone First Mortgage, Inc 1 5.63% $16,397
City Lending Inc. 1 8.25% $19,192
BROKER SOLUTIONS, INC. 1 6.75% $17,016
INTELLILOAN, INC. 1 6.63% $6,241
Ixonia Bank 1 6.63% $11,252
Lakeview Community Capital, LLC 1 6.25% $10,104
LAKEVIEW LOAN SERVICING, LLC 1 6.75% $7,164

The top Moses Lake FHA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 71 FHA loans originated. Their average total fees are $14,039, which is $444 higher than the next largest lender, MOVEMENT MORTGAGE, LLC.

The lowest fee Moses Lake FHA lenders (with over 10 loans originated) are Glacier Bank ($12,549), QUICKEN LOANS, LLC ($13,409), MOVEMENT MORTGAGE, LLC ($13,595), GUILD MORTGAGE COMPANY ($14,039) and UNITED WHOLESALE MORTGAGE, LLC ($16,256).

The lowest rate Moses Lake FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.99%), QUICKEN LOANS, LLC (6.11%), CMG MORTGAGE, INC. (6.15%), Glacier Bank (6.52%) and MOVEMENT MORTGAGE, LLC (6.70%).

Moses Lake FHA Loan Limits

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

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Moses Lake (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 $229,000 (5.2%) $294,699 (18.0%) 0.00 214
2018-02-01 $238,700 (9.5%) $306,311 (21.8%) 0.00 204
2018-03-01 $244,750 (9.2%) $312,761 (18.9%) 0.00 185
2018-04-01 $251,625 (7.1%) $312,787 (10.4%) 0.00 203
2018-05-01 $245,750 (2.8%) $312,124 (8.0%) 0.00 216
2018-06-01 $259,000 (6.1%) $307,067 (4.7%) 0.00 234
2018-07-01 $254,950 (5.9%) $308,278 (7.1%) 0.00 264
2018-08-01 $259,450 (6.4%) $336,854 (14.7%) 0.00 278
2018-09-01 $249,250 (3.2%) $332,645 (12.0%) 0.00 297
2018-10-01 $249,450 (4.4%) $326,672 (8.9%) 0.00 291
2018-11-01 $239,900 (3.0%) $319,183 (9.9%) 0.00 257
2018-12-01 $239,000 (3.5%) $311,687 (5.9%) 0.00 248
2019-01-01 $242,198 (5.8%) $324,053 (10.0%) 0.00 198
2019-02-01 $250,315 (4.9%) $335,353 (9.5%) 0.00 204
2019-03-01 $267,257 (9.2%) $350,554 (12.1%) 0.00 206
2019-04-01 $282,782 (12.4%) $364,837 (16.6%) 0.00 217
2019-05-01 $285,982 (16.4%) $362,057 (16.0%) 0.00 259
2019-06-01 $286,470 (10.6%) $357,695 (16.5%) 0.00 255
2019-07-01 $299,700 (17.6%) $377,117 (22.3%) 0.00 233
2019-08-01 $296,336 (14.2%) $371,444 (10.3%) 0.00 247
2019-09-01 $292,716 (17.4%) $360,235 (8.3%) 0.00 269
2019-10-01 $292,802 (17.4%) $356,810 (9.2%) 0.00 278
2019-11-01 $294,470 (22.8%) $362,141 (13.5%) 0.00 233
2019-12-01 $290,070 (21.4%) $362,617 (16.3%) 0.00 206
2020-01-01 $274,625 (13.4%) $324,633 (0.2%) 0.00 201
2020-02-01 $280,000 (11.9%) $317,689 (-5.3%) 0.00 210
2020-03-01 $281,500 (5.3%) $318,827 (-9.1%) 0.00 240
2020-04-01 $288,258 (1.9%) $320,897 (-12.0%) 0.00 223
2020-05-01 $279,950 (-2.1%) $315,497 (-12.9%) 0.00 233
2020-06-01 $281,350 (-1.8%) $321,662 (-10.1%) 0.00 218
2020-07-01 $276,200 (-7.8%) $323,894 (-14.1%) 0.00 214
2020-08-01 $269,900 (-8.9%) $313,029 (-15.7%) 0.00 217
2020-09-01 $279,625 (-4.5%) $331,816 (-7.9%) 0.00 212
2020-10-01 $274,900 (-6.1%) $329,122 (-7.8%) 0.00 218
2020-11-01 $298,475 (1.4%) $343,859 (-5.1%) 0.00 129
2020-12-01 $285,000 (-1.8%) $339,971 (-6.3%) 0.00 114
2021-01-01 $279,900 (1.9%) $338,631 (4.3%) 0.00 96
2021-02-01 $297,500 (6.3%) $352,667 (11.0%) 0.00 82
2021-03-01 $312,725 (11.1%) $362,703 (13.8%) 0.00 96
2021-04-01 $319,250 (10.8%) $388,868 (21.2%) 0.00 74
2021-05-01 $302,250 (8.0%) $373,722 (18.5%) 0.00 84
2021-06-01 $321,475 (14.3%) $431,350 (34.1%) 0.00 102
2021-07-01 $333,993 (20.9%) $438,116 (35.3%) 0.00 123
2021-08-01 $329,492 (22.1%) $426,388 (36.2%) 0.00 140
2021-09-01 $337,675 (20.8%) $437,974 (32.0%) 0.00 132
2021-10-01 $365,000 (32.8%) $458,116 (39.2%) 0.00 133
2021-11-01 $367,232 (23.0%) $468,371 (36.2%) 0.00 134
2021-12-01 $368,250 (29.2%) $449,209 (32.1%) 0.00 125
2022-01-01 $358,750 (28.2%) $459,298 (35.6%) 0.00 108
2022-02-01 $356,706 (19.9%) $409,608 (16.2%) 0.00 103
2022-03-01 $383,000 (22.5%) $430,800 (18.8%) 0.00 91
2022-04-01 $387,000 (21.2%) $497,658 (28.0%) 0.00 82
2022-05-01 $384,950 (27.4%) $482,106 (29.0%) 0.00 104
2022-06-01 $381,500 (18.7%) $471,163 (9.2%) 0.00 141
2022-07-01 $391,200 (17.1%) $483,300 (10.3%) 0.00 158
2022-08-01 $387,500 (17.6%) $486,110 (14.0%) 0.00 164
2022-09-01 $395,975 (17.3%) $479,967 (9.6%) 0.00 160
2022-10-01 $390,000 (6.9%) $491,688 (7.3%) 0.00 178
2022-11-01 $387,000 (5.4%) $487,176 (4.0%) 0.00 188
2022-12-01 $389,500 (5.8%) $494,091 (10.0%) 0.00 160
2023-01-01 $382,975 (6.8%) $480,266 (4.6%) 0.00 154
2023-02-01 $356,040 (-0.2%) $436,901 (6.7%) 0.00 164
2023-03-01 $372,816 (-2.7%) $460,285 (6.8%) 0.00 160
2023-04-01 $381,381 (-1.5%) $462,687 (-7.0%) 0.00 169
2023-05-01 $399,945 (3.9%) $488,784 (1.4%) 0.00 197
2023-06-01 $399,995 (4.9%) $500,573 (6.2%) 0.00 203
2023-07-01 $399,990 (2.3%) $511,354 (5.8%) 0.00 222
2023-08-01 $412,228 (6.4%) $516,048 (6.2%) 0.00 231
2023-09-01 $392,495 (-0.9%) $516,484 (7.6%) 0.00 215
2023-10-01 $391,654 (0.4%) $508,100 (3.3%) 0.00 207
2023-11-01 $412,425 (6.6%) $498,272 (2.3%) 0.00 217
2023-12-01 $409,450 (5.1%) $489,410 (-1.0%) 0.00 195
2024-01-01 $397,975 (3.9%) $465,348 (-3.1%) 0.00 175
2024-02-01 $404,661 (13.7%) $469,744 (7.5%) 0.00 184
2024-03-01 $400,000 (7.3%) $481,296 (4.6%) 0.00 185
2024-04-01 $406,472 (6.6%) $506,350 (9.4%) 0.00 217
2024-05-01 $417,500 (4.4%) $505,316 (3.4%) 0.00 251
2024-06-01 $464,900 (16.2%) $528,433 (5.6%) 0.00 252
2024-07-01 $461,900 (15.5%) $537,883 (5.2%) 0.00 283
2024-08-01 $444,375 (7.8%) $513,278 (-0.5%) 0.00 322
2024-09-01 $446,713 (13.8%) $507,601 (-1.7%) 0.00 330
2024-10-01 $441,675 (12.8%) $506,547 (-0.3%) 0.00 333
2024-11-01 $425,000 (3.1%) $496,623 (-0.3%) 0.00 331
2024-12-01 $419,257 (2.4%) $486,771 (-0.5%) 0.00 304
2025-01-01 $407,138 (2.3%) $479,360 (3.0%) 0.00 286
2025-02-01 $409,500 (1.2%) $476,385 (1.4%) 0.00 289
2025-03-01 $406,495 (1.6%) $467,815 (-2.8%) 0.00 307
Moses Lake's median listing price for 2025-03-01 was $406,495, a difference of $6,495 (1.6%) versus the prior year and $-3,005 versus the prior month.

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

Moses Lake's average listing price for 2025-03-01 was $467,815, a difference of $-13,481 (-2.8%) versus the prior year and $-8,570 versus the prior month.

For the 2025-03-01 period, Moses Lake had 307 MLS listings, a difference of 18 listings (6%) versus the prior month and 122 listings (66%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Moses Lake (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,805 sqft
2018-02-01 0 days 1,824 sqft
2018-03-01 0 days 1,890 sqft
2018-04-01 0 days 1,862 sqft
2018-05-01 0 days 1,828 sqft
2018-06-01 0 days 1,822 sqft
2018-07-01 0 days 1,783 sqft
2018-08-01 0 days 1,819 sqft
2018-09-01 0 days 1,805 sqft
2018-10-01 0 days 1,813 sqft
2018-11-01 0 days 1,785 sqft
2018-12-01 0 days 1,784 sqft
2019-01-01 0 days 1,807 sqft
2019-02-01 0 days 1,798 sqft
2019-03-01 0 days 1,804 sqft
2019-04-01 0 days 1,813 sqft
2019-05-01 0 days 1,788 sqft
2019-06-01 0 days 1,792 sqft
2019-07-01 0 days 1,846 sqft
2019-08-01 0 days 1,856 sqft
2019-09-01 0 days 1,857 sqft
2019-10-01 0 days 1,858 sqft
2019-11-01 0 days 1,918 sqft
2019-12-01 0 days 1,854 sqft
2020-01-01 0 days 1,788 sqft
2020-02-01 0 days 1,744 sqft
2020-03-01 0 days 1,656 sqft
2020-04-01 0 days 1,674 sqft
2020-05-01 0 days 1,660 sqft
2020-06-01 0 days 1,656 sqft
2020-07-01 0 days 1,669 sqft
2020-08-01 0 days 1,599 sqft
2020-09-01 0 days 1,621 sqft
2020-10-01 0 days 1,623 sqft
2020-11-01 0 days 1,691 sqft
2020-12-01 0 days 1,665 sqft
2021-01-01 0 days 1,578 sqft
2021-02-01 0 days 1,568 sqft
2021-03-01 0 days 1,581 sqft
2021-04-01 0 days 1,596 sqft
2021-05-01 0 days 1,588 sqft
2021-06-01 0 days 1,656 sqft
2021-07-01 0 days 1,728 sqft
2021-08-01 0 days 1,694 sqft
2021-09-01 0 days 1,707 sqft
2021-10-01 0 days 1,798 sqft
2021-11-01 0 days 1,793 sqft
2021-12-01 0 days 1,778 sqft
2022-01-01 0 days 1,795 sqft
2022-02-01 0 days 1,738 sqft
2022-03-01 0 days 1,745 sqft
2022-04-01 0 days 1,797 sqft
2022-05-01 0 days 1,764 sqft
2022-06-01 0 days 1,707 sqft
2022-07-01 0 days 1,682 sqft
2022-08-01 0 days 1,691 sqft
2022-09-01 0 days 1,766 sqft
2022-10-01 0 days 1,752 sqft
2022-11-01 0 days 1,726 sqft
2022-12-01 0 days 1,685 sqft
2023-01-01 0 days 1,614 sqft
2023-02-01 0 days 1,549 sqft
2023-03-01 0 days 1,559 sqft
2023-04-01 0 days 1,603 sqft
2023-05-01 0 days 1,645 sqft
2023-06-01 0 days 1,717 sqft
2023-07-01 0 days 1,742 sqft
2023-08-01 0 days 1,736 sqft
2023-09-01 0 days 1,683 sqft
2023-10-01 0 days 1,712 sqft
2023-11-01 0 days 1,743 sqft
2023-12-01 0 days 1,741 sqft
2024-01-01 0 days 1,696 sqft
2024-02-01 0 days 1,739 sqft
2024-03-01 0 days 1,724 sqft
2024-04-01 0 days 1,744 sqft
2024-05-01 0 days 1,747 sqft
2024-06-01 0 days 1,785 sqft
2024-07-01 0 days 1,802 sqft
2024-08-01 0 days 1,755 sqft
2024-09-01 0 days 1,791 sqft
2024-10-01 0 days 1,787 sqft
2024-11-01 0 days 1,746 sqft
2024-12-01 0 days 1,674 sqft
2025-01-01 0 days 1,644 sqft
2025-02-01 0 days 1,651 sqft
2025-03-01 0 days 1,680 sqft
Moses Lake's median listing age (time on market) for 2025-03-01 was 0 days.

Moses Lake's median square footage for active listings during the 2025-03-01 period was 1,680 sqft. One year prior, the average listing was 1,724 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).