Seattle FHA Loans

Seattle-Tacoma-Bellevue, 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.

    Seattle's 213 lenders originated 12,509 FHA loans during 2021. The total origination value was $5,313,315,000, with an average FHA loan value of $424,759.

    Seattle FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Seattle averaged 4.95% for the week of 2022-08-05, compared to the national average (all FHA variants) of 5.305% for the same period.

    The average rate for the prior week (2022-07-29) was 5.19% and one month ago for the week of 2022-07-01, the average rate was 5.68%.

    The average rate one year ago was 2.78%.

    For refis of the same type during the week of 2022-08-05, the average rate was 4.77%.

    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 and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Seattle level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    CALIBER HOME LOANS, INC. 1,004 2.97% $12,775
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 970 3.34% $13,549
    GUILD MORTGAGE COMPANY 677 2.90% $11,825
    QUICKEN LOANS, LLC 620 2.60% $9,913
    LAKEVIEW LOAN SERVICING, LLC 439 2.78% $6,983
    MOVEMENT MORTGAGE, LLC 346 3.28% $12,144
    FREEDOM MORTGAGE CORPORATION 298 2.72% $8,143
    PENNYMAC LOAN SERVICES, LLC 239 2.82% $8,389
    LOANDEPOT.COM, LLC 235 3.25% $13,853
    Mr. Cooper ( Nationstar Mortgage ) 228 3.00% $7,167
    UNITED WHOLESALE MORTGAGE, LLC 220 2.61% $13,234
    HOMEBRIDGE FINANCIAL SERVICES, INC. 197 2.93% $11,898
    FINANCE OF AMERICA MORTGAGE LLC 188 3.15% $13,750
    AMERICAN PACIFIC MORTGAGE CORPORATION 187 2.99% $14,684
    CROSSCOUNTRY MORTGAGE, LLC 180 3.12% $14,529
    BAY EQUITY LLC 178 3.11% $13,674
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 164 3.48% $14,444
    PREMIER MORTGAGE RESOURCES, L.L.C. 146 3.27% $15,069
    BROKER SOLUTIONS, INC. 140 3.30% $12,932
    Paramount Residential Mortgage Group, Inc. 130 3.24% $12,829
    Carrington Mortgage Services, LLC 115 3.21% $12,828
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 93 3.06% $12,860
    HomeStreet Bank 89 3.00% $12,844
    CORNERSTONE HOME LENDING, INC. 87 3.18% $15,077
    NEWREZ LLC 81 2.87% $8,829
    MID AMERICA MORTGAGE, INC. 75 2.92% $4,534
    HOME POINT FINANCIAL CORPORATION 74 2.60% $11,898
    Lakeview Community Capital, LLC 73 2.73% $7,474
    Wallick & Volk, Inc. 72 3.47% $10,956
    DIRECTORS MORTGAGE, INC. 66 3.19% $15,919
    VILLAGE CAPITAL & INVESTMENT LLC 63 2.70% $3,962
    GUARANTEED RATE, INC. 63 2.93% $12,940
    ACADEMY MORTGAGE CORPORATION 62 3.15% $14,082
    MANN FINANCIAL INC. 61 3.21% $13,056
    AMERICAN FINANCIAL NETWORK, INC. 60 3.05% $17,148
    LENDUS, LLC 59 3.05% $13,242
    EAGLE HOME MORTGAGE, LLC 59 3.14% $13,350
    AXIA FINANCIAL, LLC 58 3.23% $12,830
    1st Security Bank of Washington 57 3.02% $14,457
    DHI MORTGAGE COMPANY, LTD. 54 2.76% $13,168
    NFM, INC. 54 3.08% $14,342
    PLANET HOME LENDING, LLC 52 2.82% $9,443
    MORTGAGE MASTER SERVICE CORPORATION 50 3.21% $12,635
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 48 3.23% $14,580
    Umpqua Bank 45 2.83% $12,322
    CMG MORTGAGE, INC. 44 3.20% $14,228
    PRIMARY RESIDENTIAL MORTGAGE, INC. 43 3.34% $12,356
    First Home Bank 42 3.19% $12,724
    AMERISAVE MORTGAGE CORPORATION 42 2.86% $11,707
    PRIMELENDING, A PLAINSCAPITAL COMPANY 40 3.33% $14,985
    HOMEAMERICAN MORTGAGE CORPORATION 40 2.76% $11,079
    LEADERONE FINANCIAL CORPORATION 39 3.10% $12,526
    Alaska USA Mortgage Company LLC 37 3.10% $12,208
    Alaska USA Federal Credit Union 37 3.10% $12,208
    MUTUAL OF OMAHA MORTGAGE, INC. 34 3.01% $12,865
    Nations Lending Corporation 32 3.14% $14,588
    GENEVA FINANCIAL, LLC 32 3.07% $13,807
    SUN WEST MORTGAGE COMPANY, INC. 32 2.92% $10,160
    Hometown Lenders, Inc. 31 3.10% $11,959
    AMCAP MORTGAGE, LTD. 31 3.00% $12,216
    First Guaranty Mortgage Corporation 27 2.91% $9,129
    PENRITH HOME LOANS LLC 27 3.13% $14,051
    The Federal Savings Bank 26 2.84% $12,295
    Goldwater Bank, N.A. 24 3.07% $12,845
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 23 3.29% $13,695
    INTERNATIONAL CITY MORTGAGE, INC. 21 3.60% $13,228
    AmeriHome Mortgage Company, LLC 21 2.72% $9,429
    AMERICAN FINANCIAL RESOURCES, INC. 21 2.92% $10,439
    MORTGAGE SOLUTIONS OF COLORADO, LLC 19 3.01% $17,602
    CITYWIDE HOME LOANS, LLC 19 3.35% $14,171
    MLD MORTGAGE INC. 19 3.46% $11,596
    Flagstar Bank, FSB 18 2.80% $12,660
    PRIORITY HOME LENDING, LLC 18 3.26% $13,533
    EVERETT FINANCIAL, INC. 17 3.54% $11,203
    LAND HOME FINANCIAL SERVICES, INC. 16 3.05% $14,626
    ON Q FINANCIAL, INC. 16 2.98% $14,396
    Banner Bank 16 2.48% $12,663
    FIRST CONTINENTAL MORTGAGE, LTD. 16 3.33% $9,414
    CELEBRITY HOME LOANS, LLC 15 3.05% $12,705
    Commerce Home Mortgage, Inc. 15 3.19% $10,413
    ENVOY MORTGAGE, LTD 14 2.97% $13,083
    CHURCHILL MORTGAGE CORPORATION 14 3.05% $14,530
    NATIONS DIRECT MORTGAGE, LLC 14 2.89% $13,379
    InterContinental Capital Group, Inc 13 2.87% $10,678
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 13 2.99% $12,400
    U.S. Bank 12 3.00% $11,795
    TOP FLITE FINANCIAL, INC. 12 3.09% $22,293
    PULTE MORTGAGE LLC 12 3.03% $11,793
    NATIONS RELIABLE LENDING, LLC 12 3.47% $12,472
    SOVEREIGN LENDING GROUP INCORPORATED 12 2.89% $11,547
    Mortgage Research Center, LLC 11 3.24% $11,961
    Victorian Finance, LLC 10 2.88% $11,106
    Chickasaw Community Bank 9 2.54% $10,626
    PANORAMA MORTGAGE GROUP, LLC 9 3.38% $16,294
    JPMorgan Chase Bank 9 3.00% $11,004
    BECKAM FUNDING CORP. 9 3.64% $19,341
    WESTERN EXPRESS LENDING 8 3.55% $11,479
    Prosperity Home Mortgage, LLC 8 3.42% $12,419
    ARC HOME LLC 8 3.00% $11,967
    First Savings Bank 8 2.92% $14,814
    TJC Mortgage, Inc. 8 3.27% $13,352
    Boeing Employees Credit Union 8 2.86% $11,973
    Northpointe Bank 8 2.83% $12,764
    Sunflower Bank 8 2.90% $14,725
    Strong Home Mortgage, LLC 8 2.56% $6,934
    Amerifirst Financial, Inc. 7 3.38% $11,986
    Gateway First Bank 7 3.00% $11,148
    RANLIFE, INC. 7 3.16% $13,580
    VERITAS FUNDING, LLC 7 3.27% $15,646
    MORIA DEVELOPMENT, INC. 7 3.18% $13,933
    KeyBank 7 2.75% $12,342
    SUMMIT FUNDING, INC. 7 3.20% $14,861
    South Pacific Financial Corporation 6 2.92% $12,967
    UNITED MORTGAGE CORP. 6 2.98% $11,158
    OCEANSIDE MORTGAGE COMPANY 6 2.85% $5,145
    ZILLOW HOME LOANS, LLC 6 2.58% $11,185
    PREMIER LENDING, INC. 6 3.17% $13,741
    Bank of America 6 3.08% $10,303
    Barrington Bank & Trust Company, N.A. 6 3.04% $10,300
    PLAZA HOME MORTGAGE, INC. 5 2.63% $15,453
    Equity Prime Mortgage LLC 5 3.18% $10,386
    CAMPOS FINANCIAL CORP. 5 2.93% $14,850
    GUARANTEED RATE AFFINITY, LLC 5 2.70% $13,212
    UNITED SECURITY FINANCIAL CORP 5 3.15% $10,548
    Loan Simple, Inc. 5 4.00% $14,373
    RELIANCE FIRST CAPITAL, LLC 5 3.10% $11,446
    Manufacturers and Traders Trust Company 5 3.00% $9,532
    INTELLILOAN, INC. 5 3.08% $11,724
    FIRST CENTENNIAL MORTGAGE CORPORATION 4 2.63% $8,030
    AMERICAN FINANCING CORPORATION 4 2.47% $7,916
    DAS Acquisition Company, LLC 4 3.84% $14,209
    OPEN MORTGAGE, LLC 4 2.91% $13,210
    Willamette Valley Bank 4 2.94% $11,431
    CHERRY CREEK MORTGAGE, LLC 4 2.59% $13,024
    Stride Bank 4 3.34% $10,833
    BKCO MORTGAGE, LLC 4 2.90% $10,176
    KBHS HOME LOANS, LLC 4 2.78% $13,885
    THRIVE MORTGAGE, LLC 4 3.63% $13,195
    Bank of England 4 2.97% $16,348
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 3.08% $11,298
    CONTOUR MORTGAGE CORPORATION 3 2.63% $24,066
    CITY FIRST MORTGAGE SERVICES, L.L.C. 3 3.25% $12,900
    HOME FUNDING CORPORATION 3 3.38% $14,309
    HOMESIDE FINANCIAL, LLC 3 3.13% $16,116
    BEST FINANCE CAPITAL, INC. 3 2.67% $15,724
    MEGASTAR FINANCIAL CORP. 3 2.63% $15,576
    MEMBER FIRST MORTGAGE, LLC 3 2.50% $11,199
    MICHIGAN MUTUAL, INC. 3 2.67% $11,299
    ML Mortgage Corp. 3 3.42% $13,661
    MYCUMORTGAGE, LLC 3 2.96% $12,185
    NEXERA HOLDING LLC 3 2.42% $9,943
    Peoples Bank 3 2.63% $15,423
    SECURITYNATIONAL MORTGAGE COMPANY 3 2.67% $17,140
    Wells Fargo Bank 3 2.92% $8,002
    Wolfe Financial, Inc 3 3.54% $24,809
    Colten Mortgage, LLC 2 2.69% $8,786
    KELLER MORTGAGE, LLC 2 2.50% $11,095
    MORTGAGE MANAGEMENT CONSULTANTS, INC. 2 3.06% $12,584
    SOUTHWEST STAGE FUNDING, LLC 2 3.06% $9,858
    EMM LOANS LLC 2 2.63% $13,243
    STEARNS LENDING, LLC 2 3.31% $14,856
    VISION ONE MORTGAGE, INC. 2 3.06% $7,510
    Hometown Equity Mortgage, LLC 2 2.81% $15,151
    MUFG Union Bank 2 2.75% $12,085
    Sierra Pacific Mortgage Company, Inc. 2 2.81% $11,887
    TOWNE MORTGAGE COMPANY 2 2.94% $15,360
    Citizens Bank 2 2.38% $12,534
    LADERA LENDING, INC. 2 2.88% $12,169
    Peoples Bank 2 3.13% $14,693
    DRAPER AND KRAMER MORTGAGE CORP. 2 3.56% $11,549
    S1L, Inc. 1 3.00% $10,531
    Shea Mortgage Inc. 1 3.38% $9,499
    SIRVA MORTGAGE, INC. 1 2.88% $14,659
    LOANLEADERS OF AMERICA, INC. 1 3.75% $14,566
    BETTER MORTGAGE CORPORATION 1 2.38% $14,986
    LENOX FINANCIAL MORTGAGE CORPORATION 1 2.88% $15,333
    Lake Area Bank 1 3.25% $10,172
    Summit Mortgage Corporation 1 2.88% $17,264
    JMAC LENDING, INC. 1 3.25% $14,502
    SWBC MORTGAGE CORPORATION 1 3.75% $13,483
    T2 FINANCIAL LLC 1 3.88% $13,558
    INSPIRE HOME LOANS INC. 1 2.88% $13,143
    HOMESPIRE MORTGAGE CORPORATION 1 3.75% $14,389
    Home Mortgage Alliance Corp 1 2.75% $22,346
    HighTechLending Inc 1 2.50% $10,930
    GSF Mortgage Corporation 1 3.25% $22,006
    Franklin Loan Corporation 1 4.25% $11,085
    US MORTGAGE CORPORATION 1 2.50% $31,161
    Florida Capital Bank 1 2.63% $17,693
    FirstBank 1 2.75% $9,945
    ALL WESTERN MORTGAGE, INC. 1 3.63% $10,267
    ALLIED MORTGAGE GROUP, INC. 1 3.00% $12,663
    Wyndham Capital Mortgage, Inc. 1 2.88% $9,800
    COUNTRYPLACE MORTGAGE, LTD. 1 4.88% $20,216
    WESTWOOD MORTGAGE, INC. 1 3.63% $14,318
    Austin Capital Bank SSB 1 2.63% $11,720
    PARKSIDE LENDING, LLC 1 3.00% $6,621
    EMBRACE HOME LOANS, INC. 1 2.99% $8,128
    Paramount Bank 1 3.25% $14,876
    PHH Mortgage Corporation 1 3.13% $5,445
    Plains Commerce Bank 1 2.63% $12,297
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 2.50% $19,130
    NuVision Federal Credit Union 1 2.25% $12,689
    NP, Inc. 1 2.75% $8,749
    North American Savings Bank, F.S.B. 1 2.75% $8,936
    NETWORK CAPITAL FUNDING CORPORATION 1 2.88% $8,947
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 2.63% $17,488
    BAYSHORE MORTGAGE FUNDING, LLC 1 3.25% $11,135
    Midwest Community Bank 1 3.00% $16,297
    BEST CAPITAL FUNDING 1 3.88% $11,225
    LO, INC. 1 2.88% $13,682
    LOANPAL, LLC 1 2.50% $14,114
    ROYAL UNITED MORTGAGE LLC 1 3.25% $13,141

    The top Seattle FHA lender as defined by loan originations is CALIBER HOME LOANS, INC., with 1,004 FHA loans originated. Their average total fees are $12,775, which is $773 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

    The lowest fee Seattle FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL & INVESTMENT LLC ($3,962), MID AMERICA MORTGAGE, INC. ($4,534), LAKEVIEW LOAN SERVICING, LLC ($6,983), Mr. Cooper ( Nationstar Mortgage ) ($7,167) and Lakeview Community Capital, LLC ($7,474).

    The lowest rate Seattle FHA lenders (with over 10 loans originated) are Banner Bank (2.48%), QUICKEN LOANS, LLC (2.60%), HOME POINT FINANCIAL CORPORATION (2.60%), UNITED WHOLESALE MORTGAGE, LLC (2.61%) and VILLAGE CAPITAL & INVESTMENT LLC (2.70%).

    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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Seattle (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 $497,000 (13.6%) $822,806 (17.7%) 1.83 3,020
    2018-02-01 $522,475 (13.7%) $842,187 (14.4%) 1.88 3,062
    2018-03-01 $550,000 (14.1%) $861,145 (13.7%) 1.90 3,428
    2018-04-01 $567,444 (14.6%) $865,153 (11.0%) 1.90 4,068
    2018-05-01 $574,975 (15.1%) $862,623 (10.4%) 1.92 4,958
    2018-06-01 $579,000 (15.8%) $863,030 (11.3%) 1.93 6,145
    2018-07-01 $568,500 (13.7%) $825,908 (7.5%) 1.90 7,521
    2018-08-01 $554,500 (13.7%) $795,811 (6.5%) 1.85 8,487
    2018-09-01 $549,950 (12.3%) $780,888 (3.8%) 1.84 9,587
    2018-10-01 $557,000 (12.5%) $781,507 (2.3%) 1.86 9,775
    2018-11-01 $550,000 (11.1%) $779,804 (0.1%) 1.84 8,712
    2018-12-01 $550,000 (11.1%) $785,745 (-1.0%) 1.88 7,151
    2019-01-01 $563,900 (13.5%) $820,055 (-0.3%) 1.94 5,745
    2019-02-01 $590,973 (13.1%) $858,699 (2.0%) 1.98 5,588
    2019-03-01 $606,491 (10.3%) $876,525 (1.8%) 1.98 5,783
    2019-04-01 $627,940 (10.7%) $905,243 (4.6%) 1.98 6,068
    2019-05-01 $629,500 (9.5%) $890,540 (3.2%) 1.94 7,174
    2019-06-01 $619,000 (6.9%) $866,498 (0.4%) 1.91 7,936
    2019-07-01 $604,944 (6.4%) $857,001 (3.8%) 1.88 7,913
    2019-08-01 $595,664 (7.4%) $844,070 (6.1%) 1.87 8,033
    2019-09-01 $589,475 (7.2%) $836,162 (7.1%) 1.87 7,780
    2019-10-01 $587,475 (5.5%) $832,696 (6.6%) 1.87 8,529
    2019-11-01 $580,000 (5.5%) $836,584 (7.3%) 1.87 6,789
    2019-12-01 $582,000 (5.8%) $850,252 (8.2%) 1.94 4,885
    2020-01-01 $592,495 (5.1%) $874,162 (6.6%) 1.98 3,956
    2020-02-01 $599,950 (1.5%) $894,876 (4.2%) 1.94 3,784
    2020-03-01 $614,975 (1.4%) $891,020 (1.7%) 1.92 4,293
    2020-04-01 $599,973 (-4.5%) $852,009 (-5.9%) 1.87 4,963
    2020-05-01 $610,000 (-3.1%) $864,824 (-2.9%) 1.85 5,630
    2020-06-01 $624,950 (1.0%) $893,090 (3.1%) 1.82 5,742
    2020-07-01 $629,475 (4.1%) $901,753 (5.2%) 1.80 5,734
    2020-08-01 $625,000 (4.9%) $890,881 (5.6%) 1.79 5,956
    2020-09-01 $626,995 (6.4%) $892,935 (6.8%) 1.79 6,049
    2020-10-01 $624,950 (6.4%) $896,079 (7.6%) 1.79 5,832
    2020-11-01 $629,450 (8.5%) $926,930 (10.8%) 1.80 4,159
    2020-12-01 $627,450 (7.8%) $933,443 (9.8%) 1.84 3,145
    2021-01-01 $639,990 (8.0%) $966,939 (10.6%) 1.88 2,413
    2021-02-01 $647,500 (7.9%) $960,673 (7.4%) 1.86 2,240
    2021-03-01 $649,500 (5.6%) $929,283 (4.3%) 1.82 2,547
    2021-04-01 $669,475 (11.6%) $942,142 (10.6%) 1.80 2,749
    2021-05-01 $679,900 (11.5%) $954,508 (10.4%) 1.79 2,899
    2021-06-01 $686,830 (9.9%) $951,254 (6.5%) 1.78 3,378
    2021-07-01 $692,000 (9.9%) $955,871 (6.0%) 1.80 3,523
    2021-08-01 $675,000 (8.0%) $915,715 (2.8%) 1.77 3,738
    2021-09-01 $677,450 (8.1%) $928,676 (4.0%) 1.78 3,724
    2021-10-01 $679,950 (8.8%) $950,349 (6.1%) 1.79 3,306
    2021-11-01 $676,000 (7.4%) $957,793 (3.3%) 1.78 2,498
    2021-12-01 $670,000 (6.8%) $946,708 (1.4%) 1.79 1,660
    2022-01-01 $695,000 (8.6%) $1,018,070 (5.3%) 1.85 1,296
    2022-02-01 $728,995 (12.6%) $1,063,797 (10.7%) 1.86 1,508
    2022-03-01 $754,975 (16.2%) $1,082,187 (16.5%) 1.86 1,842
    2022-04-01 $799,999 (19.5%) $1,143,289 (21.4%) 1.88 2,199
    2022-05-01 $833,500 (22.6%) $1,177,312 (23.3%) 1.86 4,023
    2022-06-01 $821,500 (19.6%) $1,141,494 (20.0%) 1.83 5,595
    Seattle's median listing price for 2022-06-01 was $821,500, a difference of $134,670 (19.6%) versus the prior year and $-12,000 versus the prior month.

    Seattle's median listing price comes in at 183% of the national average.

    Seattle's average listing price for 2022-06-01 was $1,141,494, a difference of $190,240 (20.0%) versus the prior year and $-35,818 versus the prior month.

    For the 2022-06-01 period, Seattle had 5,595 MLS listings, a difference of 1,572 listings (39%) versus the prior month and 2,217 listings (66%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Seattle (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 45 days 2,180 sqft
    2018-02-01 27 days 2,173 sqft
    2018-03-01 22 days 2,184 sqft
    2018-04-01 23 days 2,160 sqft
    2018-05-01 21 days 2,184 sqft
    2018-06-01 23 days 2,170 sqft
    2018-07-01 29 days 2,133 sqft
    2018-08-01 31 days 2,098 sqft
    2018-09-01 36 days 2,040 sqft
    2018-10-01 38 days 2,029 sqft
    2018-11-01 45 days 2,014 sqft
    2018-12-01 59 days 2,024 sqft
    2019-01-01 64 days 2,070 sqft
    2019-02-01 44 days 2,119 sqft
    2019-03-01 37 days 2,132 sqft
    2019-04-01 28 days 2,164 sqft
    2019-05-01 30 days 2,125 sqft
    2019-06-01 33 days 2,110 sqft
    2019-07-01 38 days 2,108 sqft
    2019-08-01 41 days 2,069 sqft
    2019-09-01 43 days 2,048 sqft
    2019-10-01 43 days 2,045 sqft
    2019-11-01 49 days 2,020 sqft
    2019-12-01 63 days 2,037 sqft
    2020-01-01 67 days 2,050 sqft
    2020-02-01 38 days 2,075 sqft
    2020-03-01 30 days 2,080 sqft
    2020-04-01 32 days 2,067 sqft
    2020-05-01 36 days 2,054 sqft
    2020-06-01 35 days 2,038 sqft
    2020-07-01 35 days 2,012 sqft
    2020-08-01 32 days 1,920 sqft
    2020-09-01 35 days 1,841 sqft
    2020-10-01 35 days 1,780 sqft
    2020-11-01 43 days 1,709 sqft
    2020-12-01 50 days 1,685 sqft
    2021-01-01 52 days 1,640 sqft
    2021-02-01 35 days 1,661 sqft
    2021-03-01 31 days 1,734 sqft
    2021-04-01 28 days 1,767 sqft
    2021-05-01 28 days 1,790 sqft
    2021-06-01 26 days 1,814 sqft
    2021-07-01 30 days 1,814 sqft
    2021-08-01 29 days 1,819 sqft
    2021-09-01 30 days 1,855 sqft
    2021-10-01 34 days 1,840 sqft
    2021-11-01 36 days 1,825 sqft
    2021-12-01 41 days 1,794 sqft
    2022-01-01 39 days 1,797 sqft
    2022-02-01 23 days 1,830 sqft
    2022-03-01 23 days 1,885 sqft
    2022-04-01 21 days 1,967 sqft
    2022-05-01 17 days 2,064 sqft
    2022-06-01 22 days 2,049 sqft
    Seattle's median listing age (time on market) for 2022-06-01 was 22 days. This is -15% shorter than the same period one year ago.

    Seattle's median square footage for active listings during the 2022-06-01 period was 2,049 sqft. One year prior, the average listing was 1,814 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).