Seattle FHA Loans
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 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).