Seattle FHA Loan Rates, Closing Costs & Stats

Seattle-Tacoma-Bellevue, WA

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Loan Limits

    • 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 2025-07-04, 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 (2025-06-27) was 6.39% and one month ago for the week of 2025-05-30, the average rate was 6.66%.

    The average rate one year ago was 6.99%.

    For refis of the same type during the week of 2025-07-04, the average rate was -0.29%.

    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).