Port Angeles FHA Loan Rates, Closing Costs & Stats

Port Angeles, 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.

    Port Angeles's 25 lenders originated 123 FHA loans during 2023. The total origination value was $38,265,000, with an average FHA loan value of $311,098.

    Port Angeles FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Port Angeles averaged 6.43% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Port Angeles's average FHA mortgage closing costs are $9,348.

    The average rate for the prior week (2025-02-07) was 6.44% and one month ago for the week of 2025-01-10, the average rate was 6.5%.

    The average rate one year ago was 6.53%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.32%.

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

    Port Angeles 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 Port Angeles level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CARDINAL FINANCIAL 19 6.94% $13,838
    CALIBER HOME LOANS, INC. 16 6.43% $12,206
    UNITED WHOLESALE MORTGAGE, LLC 11 6.49% $14,756
    CROSSCOUNTRY MORTGAGE, LLC 8 6.96% $14,413
    QUICKEN LOANS, LLC 7 5.89% $13,008
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.69% $16,561
    NEWREZ LLC 3 7.54% $10,308
    MUTUAL OF OMAHA MORTGAGE, INC. 2 5.88% $16,868
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 2 7.00% $14,875
    MOVEMENT MORTGAGE, LLC 2 6.94% $11,989
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.44% $11,469
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.44% $11,875
    MID AMERICA MORTGAGE, INC. 2 6.94% $8,057
    Wallick & Volk, Inc. 1 7.75% $4,391
    AXIA FINANCIAL, LLC 1 7.63% $5,648
    Bank of America 1 6.50% $12,902
    BROKER SOLUTIONS, INC. 1 7.38% $12,502
    FREEDOM MORTGAGE CORPORATION 1 7.25% $9,033
    LOANDEPOT.COM, LLC 1 5.88% $18,603
    Loan Simple, Inc. 1 7.75% $14,956
    PANORAMA MORTGAGE GROUP, LLC 1 7.63% $19,700
    Paramount Residential Mortgage Group, Inc. 1 6.63% $10,854
    PENNYMAC LOAN SERVICES, LLC 1 7.25% $13,013
    U.S. Bank 1 7.50% $12,618
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.50% $18,200

    The top Port Angeles FHA lender as defined by loan originations is CARDINAL FINANCIAL, with 19 FHA loans originated. Their average total fees are $13,838, which is $1,631 higher than the next largest lender, CALIBER HOME LOANS, INC..

    The lowest fee Port Angeles FHA lenders (with over 10 loans originated) are CALIBER HOME LOANS, INC. ($12,206), CARDINAL FINANCIAL ($13,838), UNITED WHOLESALE MORTGAGE, LLC ($14,756), .

    The lowest rate Port Angeles FHA lenders (with over 10 loans originated) are CALIBER HOME LOANS, INC. (6.43%), UNITED WHOLESALE MORTGAGE, LLC (6.49%), CARDINAL FINANCIAL (6.94%), .

    Port Angeles FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Port Angeles (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 $315,200 (5.3%) $369,970 (-3.2%) 0.00 280
    2018-02-01 $322,125 (4.8%) $369,366 (-4.4%) 0.00 269
    2018-03-01 $349,000 (14.8%) $414,947 (9.8%) 0.00 172
    2018-04-01 $380,000 (23.0%) $440,015 (13.4%) 0.00 182
    2018-05-01 $394,975 (19.8%) $468,100 (16.2%) 0.00 199
    2018-06-01 $409,000 (25.1%) $485,857 (21.1%) 0.00 225
    2018-07-01 $397,000 (22.2%) $472,866 (19.9%) 0.00 265
    2018-08-01 $390,988 (26.1%) $463,909 (18.1%) 0.00 302
    2018-09-01 $379,000 (21.8%) $452,560 (14.5%) 0.00 320
    2018-10-01 $383,250 (26.0%) $441,607 (14.7%) 0.00 315
    2018-11-01 $383,725 (28.3%) $447,232 (18.9%) 0.00 292
    2018-12-01 $385,000 (24.2%) $442,038 (16.2%) 0.00 270
    2019-01-01 $389,250 (23.5%) $440,379 (19.0%) 0.00 230
    2019-02-01 $385,000 (19.5%) $453,587 (22.8%) 0.00 209
    2019-03-01 $399,396 (14.4%) $463,944 (11.8%) 0.00 221
    2019-04-01 $412,463 (8.5%) $476,553 (8.3%) 0.00 240
    2019-05-01 $422,213 (6.9%) $478,664 (2.3%) 0.00 266
    2019-06-01 $429,000 (4.9%) $485,197 (-0.1%) 0.00 286
    2019-07-01 $429,000 (8.1%) $489,427 (3.5%) 0.00 304
    2019-08-01 $427,909 (9.4%) $488,130 (5.2%) 0.00 307
    2019-09-01 $426,273 (12.5%) $485,717 (7.3%) 0.00 306
    2019-10-01 $419,125 (9.4%) $484,221 (9.7%) 0.00 306
    2019-11-01 $429,000 (11.8%) $497,985 (11.4%) 0.00 257
    2019-12-01 $429,725 (11.6%) $512,109 (15.9%) 0.00 208
    2020-01-01 $424,975 (9.2%) $502,459 (14.1%) 0.00 195
    2020-02-01 $416,000 (8.1%) $490,254 (8.1%) 0.00 181
    2020-03-01 $408,988 (2.4%) $491,981 (6.0%) 0.00 199
    2020-04-01 $403,250 (-2.2%) $490,474 (2.9%) 0.00 220
    2020-05-01 $425,000 (0.7%) $511,641 (6.9%) 0.00 210
    2020-06-01 $449,125 (4.7%) $532,420 (9.7%) 0.00 209
    2020-07-01 $435,925 (1.6%) $536,194 (9.6%) 0.00 206
    2020-08-01 $425,000 (-0.7%) $533,210 (9.2%) 0.00 212
    2020-09-01 $421,450 (-1.1%) $606,266 (24.8%) 0.00 187
    2020-10-01 $410,000 (-2.2%) $617,920 (27.6%) 0.00 155
    2020-11-01 $426,000 (-0.7%) $609,604 (22.4%) 0.00 111
    2020-12-01 $404,500 (-5.9%) $622,226 (21.5%) 0.00 79
    2021-01-01 $409,450 (-3.7%) $615,114 (22.4%) 0.00 68
    2021-02-01 $430,963 (3.6%) $603,455 (23.1%) 0.00 60
    2021-03-01 $472,750 (15.6%) $601,176 (22.2%) 0.00 58
    2021-04-01 $504,700 (25.2%) $609,791 (24.3%) 0.00 60
    2021-05-01 $499,950 (17.6%) $601,001 (17.5%) 0.00 67
    2021-06-01 $513,750 (14.4%) $616,855 (15.9%) 0.00 102
    2021-07-01 $498,450 (14.3%) $619,392 (15.5%) 0.00 123
    2021-08-01 $518,250 (21.9%) $649,460 (21.8%) 0.00 135
    2021-09-01 $562,475 (33.5%) $664,671 (9.6%) 0.00 138
    2021-10-01 $575,000 (40.2%) $668,235 (8.1%) 0.00 120
    2021-11-01 $547,175 (28.4%) $689,411 (13.1%) 0.00 92
    2021-12-01 $604,625 (49.5%) $735,241 (18.2%) 0.00 73
    2022-01-01 $624,900 (52.6%) $732,012 (19.0%) 0.00 60
    2022-02-01 $617,438 (43.3%) $739,861 (22.6%) 0.00 76
    2022-03-01 $589,375 (24.7%) $759,892 (26.4%) 0.00 77
    2022-04-01 $615,000 (21.9%) $768,247 (26.0%) 0.00 85
    2022-05-01 $610,975 (22.2%) $752,479 (25.2%) 0.00 122
    2022-06-01 $624,500 (21.6%) $763,570 (23.8%) 0.00 148
    2022-07-01 $599,000 (20.2%) $723,087 (16.7%) 0.00 194
    2022-08-01 $599,000 (15.6%) $691,111 (6.4%) 0.00 206
    2022-09-01 $593,500 (5.5%) $680,958 (2.5%) 0.00 207
    2022-10-01 $599,000 (4.2%) $678,240 (1.5%) 0.00 212
    2022-11-01 $575,000 (5.1%) $665,759 (-3.4%) 0.00 196
    2022-12-01 $575,000 (-4.9%) $690,233 (-6.1%) 0.00 166
    2023-01-01 $581,500 (-7.0%) $703,694 (-3.9%) 0.00 147
    2023-02-01 $597,675 (-3.2%) $714,432 (-3.4%) 0.00 128
    2023-03-01 $570,500 (-3.2%) $696,843 (-8.3%) 0.00 112
    2023-04-01 $599,000 (-2.6%) $725,870 (-5.5%) 0.00 128
    2023-05-01 $627,475 (2.7%) $752,419 (0.0%) 0.00 151
    2023-06-01 $645,963 (3.4%) $778,132 (1.9%) 0.00 167
    2023-07-01 $649,975 (8.5%) $787,342 (8.9%) 0.00 178
    2023-08-01 $649,713 (8.5%) $797,624 (15.4%) 0.00 172
    2023-09-01 $635,000 (7.0%) $776,942 (14.1%) 0.00 190
    2023-10-01 $629,750 (5.1%) $774,229 (14.2%) 0.00 182
    2023-11-01 $613,750 (6.7%) $767,810 (15.3%) 0.00 173
    2023-12-01 $585,000 (1.7%) $737,733 (6.9%) 0.00 162
    2024-01-01 $598,963 (3.0%) $762,766 (8.4%) 0.00 139
    2024-02-01 $586,988 (-1.8%) $728,330 (2.0%) 0.00 127
    2024-03-01 $596,500 (4.6%) $719,621 (3.3%) 0.00 125
    2024-04-01 $635,000 (6.0%) $779,497 (7.4%) 0.00 145
    2024-05-01 $661,625 (5.4%) $785,047 (4.3%) 0.00 183
    2024-06-01 $655,000 (1.4%) $777,406 (-0.1%) 0.00 218
    2024-07-01 $699,000 (7.5%) $786,894 (-0.1%) 0.00 229
    2024-08-01 $680,000 (4.7%) $779,953 (-2.2%) 0.00 247
    2024-09-01 $658,750 (3.7%) $781,793 (0.6%) 0.00 250
    2024-10-01 $639,500 (1.6%) $746,909 (-3.5%) 0.00 233
    2024-11-01 $621,725 (1.3%) $733,475 (-4.5%) 0.00 215
    2024-12-01 $574,450 (-1.8%) $726,203 (-1.6%) 0.00 173
    2025-01-01 $550,000 (-8.2%) $715,335 (-6.2%) 0.00 163
    Port Angeles's median listing price for 2025-01-01 was $550,000, a difference of $-48,963 (-8.2%) versus the prior year and $-24,450 versus the prior month.

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

    Port Angeles's average listing price for 2025-01-01 was $715,335, a difference of $-47,431 (-6.2%) versus the prior year and $-10,868 versus the prior month.

    For the 2025-01-01 period, Port Angeles had 163 MLS listings, a difference of -10 listings (-6%) versus the prior month and 24 listings (17%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Port Angeles (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,800 sqft
    2018-02-01 0 days 1,809 sqft
    2018-03-01 0 days 1,923 sqft
    2018-04-01 0 days 2,018 sqft
    2018-05-01 0 days 1,957 sqft
    2018-06-01 0 days 1,994 sqft
    2018-07-01 0 days 2,018 sqft
    2018-08-01 0 days 1,983 sqft
    2018-09-01 0 days 1,960 sqft
    2018-10-01 0 days 1,938 sqft
    2018-11-01 0 days 1,971 sqft
    2018-12-01 0 days 1,968 sqft
    2019-01-01 0 days 1,974 sqft
    2019-02-01 0 days 1,963 sqft
    2019-03-01 0 days 1,973 sqft
    2019-04-01 0 days 1,963 sqft
    2019-05-01 0 days 1,972 sqft
    2019-06-01 0 days 1,988 sqft
    2019-07-01 0 days 2,011 sqft
    2019-08-01 0 days 2,003 sqft
    2019-09-01 0 days 1,995 sqft
    2019-10-01 0 days 2,010 sqft
    2019-11-01 0 days 2,038 sqft
    2019-12-01 0 days 2,048 sqft
    2020-01-01 0 days 2,049 sqft
    2020-02-01 0 days 2,042 sqft
    2020-03-01 0 days 1,955 sqft
    2020-04-01 0 days 1,956 sqft
    2020-05-01 0 days 2,001 sqft
    2020-06-01 0 days 2,041 sqft
    2020-07-01 0 days 2,033 sqft
    2020-08-01 0 days 2,002 sqft
    2020-09-01 0 days 1,952 sqft
    2020-10-01 0 days 1,952 sqft
    2020-11-01 0 days 1,855 sqft
    2020-12-01 0 days 1,792 sqft
    2021-01-01 0 days 1,710 sqft
    2021-02-01 0 days 1,721 sqft
    2021-03-01 0 days 1,749 sqft
    2021-04-01 0 days 1,924 sqft
    2021-05-01 0 days 2,059 sqft
    2021-06-01 0 days 1,917 sqft
    2021-07-01 0 days 1,884 sqft
    2021-08-01 0 days 1,913 sqft
    2021-09-01 0 days 2,008 sqft
    2021-10-01 0 days 1,963 sqft
    2021-11-01 0 days 1,975 sqft
    2021-12-01 0 days 2,031 sqft
    2022-01-01 0 days 1,988 sqft
    2022-02-01 0 days 1,971 sqft
    2022-03-01 0 days 1,884 sqft
    2022-04-01 0 days 1,993 sqft
    2022-05-01 0 days 2,023 sqft
    2022-06-01 0 days 2,038 sqft
    2022-07-01 0 days 1,993 sqft
    2022-08-01 0 days 1,948 sqft
    2022-09-01 0 days 1,895 sqft
    2022-10-01 0 days 1,916 sqft
    2022-11-01 0 days 1,885 sqft
    2022-12-01 0 days 1,928 sqft
    2023-01-01 0 days 1,986 sqft
    2023-02-01 0 days 1,997 sqft
    2023-03-01 0 days 1,889 sqft
    2023-04-01 0 days 1,932 sqft
    2023-05-01 0 days 2,039 sqft
    2023-06-01 0 days 2,078 sqft
    2023-07-01 0 days 2,096 sqft
    2023-08-01 0 days 2,127 sqft
    2023-09-01 0 days 2,163 sqft
    2023-10-01 0 days 2,169 sqft
    2023-11-01 0 days 2,143 sqft
    2023-12-01 0 days 2,129 sqft
    2024-01-01 0 days 2,132 sqft
    2024-02-01 0 days 2,076 sqft
    2024-03-01 0 days 2,000 sqft
    2024-04-01 0 days 2,148 sqft
    2024-05-01 0 days 2,153 sqft
    2024-06-01 0 days 2,160 sqft
    2024-07-01 0 days 2,180 sqft
    2024-08-01 0 days 2,136 sqft
    2024-09-01 0 days 2,146 sqft
    2024-10-01 0 days 2,170 sqft
    2024-11-01 0 days 2,109 sqft
    2024-12-01 0 days 1,947 sqft
    2025-01-01 0 days 1,896 sqft
    Port Angeles's median listing age (time on market) for 2025-01-01 was 0 days.

    Port Angeles's median square footage for active listings during the 2025-01-01 period was 1,896 sqft. One year prior, the average listing was 2,132 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).