Seattle FHA Loan Rates, Closing Costs & Stats

Seattle-Tacoma-Bellevue, 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.

Seattle's 181 lenders originated 5,677 FHA loans during 2024. The total origination value was $2,900,465,000, with an average FHA loan value of $510,915.

Seattle FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Seattle averaged 0.2% for the week of 2025-06-20, compared to the national average (all FHA variants) of 0% for the same period.

Seattle's average FHA mortgage closing costs are $13,128.

The average rate for the prior week (2025-06-13) was 6.89% and one month ago for the week of 2025-05-16, the average rate was 6.45%.

The average rate one year ago was 6.6%.

For refis of the same type during the week of 2025-06-20, the average rate was -0.39%.

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

Seattle 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 Seattle level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 479 5.98% $20,583
MOVEMENT MORTGAGE, LLC 430 6.53% $19,168
QUICKEN LOANS, LLC 328 6.12% $18,342
CROSSCOUNTRY MORTGAGE, LLC 314 6.48% $19,932
GUILD MORTGAGE COMPANY 237 6.48% $19,482
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 218 6.73% $18,561
LOANDEPOT.COM, LLC 154 6.08% $17,085
BROKER SOLUTIONS, INC. 138 6.71% $20,296
NEWREZ LLC 133 6.32% $17,198
PENNYMAC LOAN SERVICES, LLC 130 5.98% $18,622
CMG MORTGAGE, INC. 130 6.36% $19,325
FREEDOM MORTGAGE CORPORATION 115 6.20% $19,229
AMERICAN PACIFIC MORTGAGE CORPORATION 84 6.40% $21,664
BAY EQUITY LLC 80 6.53% $19,813
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 73 6.64% $22,072
NFM, INC. 65 6.46% $20,984
EAGLE HOME MORTGAGE, LLC 64 5.61% $18,318
CORNERSTONE HOME LENDING, INC. 60 6.40% $19,431
NOVA FINANCIAL & INVESTMENT CORPORATION 59 6.57% $17,906
GUARANTEED RATE, INC. 56 6.31% $18,785
Mr. Cooper ( Nationstar Mortgage ) 54 6.26% $17,737
DIRECTORS MORTGAGE, INC. 53 6.65% $23,724
Paramount Residential Mortgage Group, Inc. 52 6.47% $17,235
CANOPY MORTGAGE, LLC 49 6.54% $23,342
Cornerstone First Mortgage, Inc 46 6.49% $19,240
LAKEVIEW LOAN SERVICING, LLC 43 6.21% $12,841
DHI MORTGAGE COMPANY, LTD. 34 5.09% $14,977
1st Security Bank of Washington 33 6.10% $17,488
PLANET HOME LENDING, LLC 31 6.12% $16,160
HomeStreet Bank 30 6.20% $17,276
HOMEAMERICAN MORTGAGE CORPORATION 29 4.95% $13,841
T2 FINANCIAL LLC 29 6.74% $16,757
PRIMELENDING, A PLAINSCAPITAL COMPANY 27 6.47% $25,057
American Mortgage & Equity Consultants, Inc. 26 6.40% $21,954
INSPIRE HOME LOANS INC. 25 5.24% $18,346
S1L, Inc. 23 6.30% $18,985
MUTUAL OF OMAHA MORTGAGE, INC. 22 6.42% $21,270
The Loan Store, Inc. 21 5.92% $20,569
PRIORITY HOME LENDING, LLC 21 6.43% $20,946
AMERICAN FINANCIAL NETWORK, INC. 20 6.63% $18,523
MLD MORTGAGE INC. 20 6.29% $18,728
KBHS HOME LOANS, LLC 18 5.54% $29,303
Carrington Mortgage Services, LLC 18 6.29% $19,804
VILLAGE CAPITAL MORTGAGE 17 6.19% $16,146
Flagstar Bank, FSB 17 6.24% $15,601
CARDINAL FINANCIAL 17 6.48% $19,332
Loan Simple, Inc. 17 6.44% $17,950
ON Q FINANCIAL, INC. 16 6.62% $17,478
AMERISAVE MORTGAGE CORPORATION 16 6.04% $20,863
ENVOY MORTGAGE, LTD 16 6.29% $23,845
Equity Prime Mortgage LLC 16 6.25% $21,577
PREMIER MORTGAGE RESOURCES, L.L.C. 16 6.61% $20,200
NATIONS DIRECT MORTGAGE, LLC 16 5.87% $17,560
U.S. Bank 16 6.29% $15,180
SUN WEST MORTGAGE COMPANY, INC. 15 5.90% $20,530
Alaska USA Federal Credit Union 15 6.24% $14,664
PLAZA HOME MORTGAGE, INC. 15 6.35% $20,612
LEADERONE FINANCIAL CORPORATION 14 6.89% $19,748
INTELLILOAN, INC. 14 6.15% $10,371
MORTGAGE SOLUTIONS OF COLORADO, LLC 14 6.73% $20,788
SCENIC OAKS FUNDING, INC. 14 6.65% $16,117
Sunflower Bank 14 6.74% $17,503
Century Mortgage Company DBA Century Lending Company 13 6.34% $20,526
LOANPAL, LLC 12 5.63% $19,136
MASON MCDUFFIE MORTGAGE CORPORATION 12 6.25% $17,062
City Lending Inc. 11 6.40% $18,585
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 11 6.12% $18,415
CALCON MUTUAL MORTGAGE LLC 11 6.09% $19,966
Plains Commerce Bank 11 6.48% $18,949
FIRST CONTINENTAL MORTGAGE, LTD. 10 6.10% $17,339
ZILLOW HOME LOANS, LLC 10 6.13% $19,449
CHURCHILL MORTGAGE CORPORATION 10 6.81% $20,351
Lakeview Community Capital, LLC 10 6.04% $13,654
MID AMERICA MORTGAGE, INC. 9 6.60% $11,193
Banner Bank 9 6.07% $18,932
Boeing Employees Credit Union 8 6.47% $15,006
KeyBank 8 5.97% $19,317
WASHINGTON STATE EMPLOYEES Credit Union 7 5.78% $17,385
GENEVA FINANCIAL, LLC 7 6.55% $23,143
NBKC BANK 7 5.89% $16,227
SECURITYNATIONAL MORTGAGE COMPANY 7 6.02% $22,348
HOMESIDE FINANCIAL, LLC 7 6.23% $24,575
Sierra Pacific Mortgage Company, Inc. 7 6.52% $17,441
Nations Lending Corporation 7 6.30% $20,641
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 6 6.92% $21,487
LADERA LENDING, INC. 6 6.23% $15,919
Prosperity Home Mortgage, LLC 6 6.62% $15,478
ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 6.27% $24,969
JPMorgan Chase Bank 5 6.80% $11,386
PRIMARY RESIDENTIAL MORTGAGE, INC. 5 6.33% $9,709
RESIDENTIAL MORTGAGE, LLC 5 6.32% $17,687
The Federal Savings Bank 5 6.50% $25,823
Umpqua Bank 5 6.65% $18,585
UNION HOME MORTGAGE CORP. 5 6.50% $13,577
AMERICAN FINANCIAL RESOURCES, INC. 5 6.58% $17,762
FIRST COLONY MORTGAGE CORPORATION 5 5.88% $13,801
MOUNTAIN WEST FINANCIAL, INC. 5 7.30% $16,990
OCMBC, INC. 4 5.41% $26,934
DAS Acquisition Company, LLC 4 6.22% $27,800
Hometown Equity Mortgage, LLC 4 6.00% $20,874
Wallick & Volk, Inc. 4 6.50% $18,348
PHH Mortgage Corporation 4 5.87% $13,149
MEMBER FIRST MORTGAGE, LLC 4 6.31% $11,365
V.I.P. MORTGAGE, INC. 3 6.50% $16,781
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 5.75% $18,725
M&T Bank 3 6.42% $18,620
GUARANTEED RATE AFFINITY, LLC 3 6.17% $17,194
AMERICAN FINANCING CORPORATION 3 5.29% $24,335
TOP FLITE FINANCIAL, INC. 3 6.08% $38,977
MORIA DEVELOPMENT, INC. 3 6.67% $41,642
Wells Fargo Bank 3 5.63% $13,413
AXIA FINANCIAL, LLC 3 5.96% $23,641
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 5.91% $25,069
BETTER MORTGAGE CORPORATION 3 6.33% $15,527
Ixonia Bank 3 6.46% $20,598
RESIDENTIAL WHOLESALE MORTGAGE, INC. 3 6.38% $16,680
Barrington Bank & Trust Company, N.A. 2 5.85% $20,916
UNITED MORTGAGE CORP 2 6.13% $21,073
Arvest Bank 2 5.94% $12,747
MORTGAGE EXPRESS, LLC 2 6.38% $13,623
Mortgage Research Center, LLC 2 6.25% $8,925
Chickasaw Community Bank 2 6.38% $27,965
SUMMIT MORTGAGE CORPORATION 2 6.50% $13,169
SUMMIT FUNDING, INC. 2 6.81% $16,772
NATIONWIDE MORTGAGE BANKERS, INC. 2 6.25% $22,342
NETWORK CAPITAL FUNDING CORPORATION 2 5.63% $14,894
AmeriHome Mortgage Company, LLC 2 6.38% $13,493
LIBERTY HOME MORTGAGE CORPORATION 2 7.06% $15,831
BELEM SERVICING LLC 2 6.63% $14,983
Home Mortgage Alliance Corp 2 6.38% $26,914
AMERITRUST MORTGAGE CORPORATION 2 6.75% $27,437
Pacific Lending LLC 2 6.69% $19,881
Keystone Funding, Inc. 2 5.94% $24,612
MICHIGAN MUTUAL, INC. 2 7.25% $14,462
PULTE MORTGAGE LLC 2 5.88% $13,379
First Federal Bank 1 5.63% $21,483
First-Citizens Bank & Trust Company 1 6.13% $16,052
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.13% $23,716
East Coast Capital Corp. 1 6.75% $20,819
HOMEXPRESS MORTGAGE CORP. 1 7.00% $15,347
DIRECT MORTGAGE LOANS, LLC 1 6.50% $23,832
INTERCAP LENDING INC. 1 6.50% $19,124
JMAC LENDING, INC. 1 5.50% $19,702
JMJ FINANCIAL GROUP 1 5.63% $25,501
COMPASS MORTGAGE, INC. 1 6.13% $23,964
Commerce Home Mortgage, Inc. 1 6.63% $14,563
LOANLEADERS OF AMERICA, INC. 1 6.75% $25,348
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.63% $21,583
MLB RESIDENTIAL LENDING, LLC 1 6.75% $18,687
Citizens Bank 1 6.38% $13,976
ML Mortgage Corp. 1 7.63% $24,850
Waterstone Mortgage Corporation 1 7.25% $26,254
NEW DAY FINANCIAL, LLC 1 7.99% $3,842
NJ LENDERS CORP. 1 6.50% $15,165
NORWICH COMMERCIAL GROUP, INC. 1 6.13% $10,104
OnPoint Community Credit Union 1 6.00% $12,752
BECKAM FUNDING CORP. 1 7.75% $26,282
ONY GLO, INC. 1 6.50% $20,447
OPEN MORTGAGE, LLC 1 6.99% $25,110
BAY-VALLEY MORTGAGE GROUP 1 7.75% $21,713
Peoples Bank 1 6.75% $21,038
Bank of the Pacific 1 6.38% $13,033
RANLIFE, INC. 1 6.50% $17,104
RELIANCE FIRST CAPITAL, LLC 1 5.75% $29,576
ROYAL UNITED MORTGAGE LLC 1 5.25% $31,941
SeaTrust Mortgage Company 1 6.75% $20,887
Shea Mortgage Inc. 1 5.88% $14,589
South Pacific Financial Corporation 1 6.13% $17,219
SOUTHWEST FUNDING, LP 1 7.00% $16,748
Strong Home Mortgage, LLC 1 5.75% $11,144
American Mortgage Bank, LLC 1 6.13% $23,773
TBI MORTGAGE COMPANY 1 5.63% $17,342
THE MORTGAGE LINK, INC. 1 6.75% $39,331
TJC Mortgage, Inc. 1 5.75% $23,225
TOTAL MORTGAGE SERVICES, LLC 1 6.75% $20,207
American Bank of Oklahoma 1 6.13% $14,108
AHL FUNDING 1 6.75% $24,382
First Horizon Bank 1 6.13% $19,789
Florida Capital Bank 1 6.63% $14,137
Franklin Loan Corporation 1 6.25% $15,218
Gateway First Bank 1 7.75% $18,038

The top Seattle FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 479 FHA loans originated. Their average total fees are $20,583, which is $1,415 higher than the next largest lender, MOVEMENT MORTGAGE, LLC.

The lowest fee Seattle FHA lenders (with over 10 loans originated) are INTELLILOAN, INC. ($10,371), LAKEVIEW LOAN SERVICING, LLC ($12,841), Lakeview Community Capital, LLC ($13,654), HOMEAMERICAN MORTGAGE CORPORATION ($13,841) and Alaska USA Federal Credit Union ($14,664).

The lowest rate Seattle FHA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION (4.95%), DHI MORTGAGE COMPANY, LTD. (5.09%), INSPIRE HOME LOANS INC. (5.24%), KBHS HOME LOANS, LLC (5.54%) and EAGLE HOME MORTGAGE, LLC (5.61%).

Seattle FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
SEATTLE-TACOMA-BELLEVUE, WA KING 2022 $891,250 $1,140,950 $1,379,150 $1,713,950
SEATTLE-TACOMA-BELLEVUE, WA PIERCE 2022 $891,250 $1,140,950 $1,379,150 $1,713,950
SEATTLE-TACOMA-BELLEVUE, WA SNOHOMISH 2022 $891,250 $1,140,950 $1,379,150 $1,713,950
SEATTLE-TACOMA-BELLEVUE, WA KING 2023 $977,500 $1,251,400 $1,512,650 $1,879,850
SEATTLE-TACOMA-BELLEVUE, WA PIERCE 2023 $977,500 $1,251,400 $1,512,650 $1,879,850
SEATTLE-TACOMA-BELLEVUE, WA SNOHOMISH 2023 $977,500 $1,251,400 $1,512,650 $1,879,850

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).