Seattle FHA Loan Rates, Closing Costs & Stats

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 188 lenders originated 6,402 FHA loans during 2022. The total origination value was $2,911,290,000, with an average FHA loan value of $454,747.

    Seattle FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Seattle averaged -0.79% for the week of 2023-11-24, compared to the national average (all FHA variants) of 0% for the same period.

    Seattle's average FHA mortgage closing costs are $11,863.

    The average rate for the prior week (2023-11-17) was 6.4% and one month ago for the week of 2023-10-20, the average rate was 6.61%.

    The average rate one year ago was 5.84%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.5%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    CALIBER HOME LOANS, INC. 443 4.94% $16,746
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 426 5.38% $16,051
    QUICKEN LOANS, LLC 273 4.42% $16,347
    UNITED WHOLESALE MORTGAGE, LLC 262 4.67% $17,145
    GUILD MORTGAGE COMPANY 228 4.94% $16,941
    CROSSCOUNTRY MORTGAGE, LLC 209 5.20% $19,503
    MOVEMENT MORTGAGE, LLC 162 5.25% $17,321
    AMERICAN PACIFIC MORTGAGE CORPORATION 136 4.93% $18,458
    LOANDEPOT.COM, LLC 122 4.48% $15,988
    BAY EQUITY LLC 117 5.29% $19,668
    HOMEBRIDGE FINANCIAL SERVICES, INC. 105 5.02% $18,882
    BROKER SOLUTIONS, INC. 92 5.23% $18,498
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 90 5.16% $18,900
    FINANCE OF AMERICA MORTGAGE LLC 89 5.12% $17,053
    FREEDOM MORTGAGE CORPORATION 87 4.46% $14,480
    PENNYMAC LOAN SERVICES, LLC 87 4.19% $16,388
    LAKEVIEW LOAN SERVICING, LLC 78 3.73% $9,868
    Paramount Residential Mortgage Group, Inc. 77 5.02% $16,450
    Mr. Cooper ( Nationstar Mortgage ) 74 4.25% $18,529
    HOME POINT FINANCIAL CORPORATION 71 4.17% $15,351
    CORNERSTONE HOME LENDING, INC. 60 5.07% $21,226
    NFM, INC. 60 4.88% $17,223
    Carrington Mortgage Services, LLC 58 4.86% $21,015
    CARDINAL FINANCIAL 56 4.50% $17,340
    PREMIER MORTGAGE RESOURCES, L.L.C. 54 5.27% $20,828
    GUARANTEED RATE, INC. 46 4.74% $16,837
    1st Security Bank of Washington 44 4.68% $18,168
    AMERISAVE MORTGAGE CORPORATION 39 4.06% $19,552
    EAGLE HOME MORTGAGE, LLC 38 4.36% $19,293
    DHI MORTGAGE COMPANY, LTD. 37 4.40% $13,852
    MID AMERICA MORTGAGE, INC. 37 4.94% $5,828
    HomeStreet Bank 36 4.45% $16,512
    DIRECTORS MORTGAGE, INC. 36 5.11% $20,363
    EVERETT FINANCIAL, INC. 33 4.93% $12,245
    PLANET HOME LENDING, LLC 33 4.31% $16,171
    ACADEMY MORTGAGE CORPORATION 32 5.50% $20,742
    Alaska USA Mortgage Company LLC 30 5.10% $15,921
    First Home Bank 30 4.76% $17,226
    MANN FINANCIAL INC. 29 5.46% $17,366
    MORTGAGE SOLUTIONS OF COLORADO, LLC 29 4.94% $21,178
    AXIA FINANCIAL, LLC 29 5.58% $18,847
    CMG MORTGAGE, INC. 28 4.99% $16,819
    AMCAP MORTGAGE, LTD. 27 5.55% $14,707
    PRIMELENDING, A PLAINSCAPITAL COMPANY 26 4.81% $22,055
    Hometown Lenders, Inc. 25 5.10% $17,389
    PRIMARY RESIDENTIAL MORTGAGE, INC. 24 5.39% $16,024
    Flagstar Bank, FSB 21 4.28% $16,138
    TOP FLITE FINANCIAL, INC. 20 5.02% $26,953
    NEWREZ LLC 20 4.49% $15,130
    MUTUAL OF OMAHA MORTGAGE, INC. 20 4.86% $15,981
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 20 5.28% $17,948
    GENEVA FINANCIAL, LLC 19 5.16% $22,514
    PRIORITY HOME LENDING, LLC 18 4.90% $19,360
    MLD MORTGAGE INC. 17 5.31% $16,153
    Equity Prime Mortgage LLC 17 5.40% $18,472
    KBHS HOME LOANS, LLC 17 4.37% $20,245
    MORTGAGE MASTER SERVICE CORPORATION 17 5.08% $18,512
    LEADERONE FINANCIAL CORPORATION 16 5.05% $17,881
    Lakeview Community Capital, LLC 15 3.41% $8,833
    Goldwater Bank, N.A. 15 4.29% $19,286
    Wallick & Volk, Inc. 15 4.99% $15,903
    INSPIRE HOME LOANS INC. 15 4.84% $19,346
    The Federal Savings Bank 14 4.24% $23,258
    HOMEAMERICAN MORTGAGE CORPORATION 14 4.44% $15,058
    CALCON MUTUAL MORTGAGE LLC 13 5.81% $21,466
    Nations Lending Corporation 13 5.00% $19,599
    ON Q FINANCIAL, INC. 13 5.39% $16,396
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 12 5.01% $16,513
    AMERICAN FINANCIAL RESOURCES, INC. 11 4.25% $12,457
    VILLAGE CAPITAL MORTGAGE 11 3.81% $12,088
    PENRITH HOME LOANS LLC 11 5.09% $19,124
    ENVOY MORTGAGE, LTD 10 5.30% $18,778
    HOMESIDE FINANCIAL, LLC 10 4.57% $15,787
    VERITAS FUNDING, LLC 10 4.75% $23,360
    Boeing Employees Credit Union 10 4.43% $11,732
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 10 4.57% $15,859
    Wells Fargo Bank 10 4.70% $10,389
    NETWORK CAPITAL FUNDING CORPORATION 9 4.11% $17,208
    Umpqua Bank 9 4.93% $19,792
    MORTGAGE LENDING GROUP LLC 9 4.62% $16,882
    PLAZA HOME MORTGAGE, INC. 8 4.97% $21,640
    T2 FINANCIAL LLC 8 4.86% $16,236
    JPMorgan Chase Bank 8 5.14% $11,666
    NATIONS RELIABLE LENDING, LLC 8 4.75% $14,616
    CHURCHILL MORTGAGE CORPORATION 8 5.13% $17,535
    First Guaranty Mortgage Corporation 7 4.13% $13,464
    PANORAMA MORTGAGE GROUP, LLC 7 5.55% $27,427
    Prosperity Home Mortgage, LLC 7 5.30% $19,421
    Ixonia Bank 7 6.18% $20,317
    AMERICAN FINANCING CORPORATION 7 4.61% $15,952
    BECKAM FUNDING CORP. 7 4.80% $18,538
    NATIONS DIRECT MORTGAGE, LLC 7 4.09% $18,123
    Sunflower Bank 7 5.32% $19,126
    Banner Bank 7 4.59% $15,435
    S1L, Inc. 6 4.48% $15,175
    Northpointe Bank 6 4.63% $14,612
    LADERA LENDING, INC. 6 4.81% $18,846
    Strong Home Mortgage, LLC 5 4.57% $11,793
    Victorian Finance, LLC 5 4.98% $16,115
    SUMMIT FUNDING, INC. 5 4.50% $21,765
    KeyBank 5 3.75% $15,499
    MUFG Union Bank 5 4.40% $15,498
    Gateway First Bank 5 4.88% $12,594
    Stride Bank 5 5.98% $14,935
    RESIDENTIAL BANCORP 5 4.90% $15,182
    Mortgage Research Center, LLC 5 4.70% $14,607
    Century Mortgage Company DBA Century Lending Company 5 4.53% $19,580
    Amerifirst Financial, Inc. 5 6.05% $16,203
    ZILLOW HOME LOANS, LLC 5 4.93% $15,211
    RANLIFE, INC. 5 4.58% $19,616
    U.S. Bank 5 5.85% $17,317
    FIRST CONTINENTAL MORTGAGE, LTD. 4 5.09% $18,845
    V.I.P. MORTGAGE, INC. 4 5.25% $17,883
    TJC Mortgage, Inc. 4 4.38% $16,221
    RELIANCE FIRST CAPITAL, LLC 4 4.56% $18,100
    NOVA FINANCIAL & INVESTMENT CORPORATION 4 6.22% $7,385
    SUN WEST MORTGAGE COMPANY, INC. 3 5.31% $12,371
    LOANLEADERS OF AMERICA, INC. 3 4.79% $21,190
    MEGASTAR FINANCIAL CORP. 3 3.88% $20,814
    AmeriHome Mortgage Company, LLC 3 4.50% $12,520
    HOME FUNDING CORPORATION 3 5.54% $22,063
    MORIA DEVELOPMENT, INC. 3 5.00% $18,722
    Cornerstone First Mortgage, Inc 3 4.29% $23,322
    Commerce Home Mortgage, Inc. 3 4.13% $13,720
    M&T Bank 3 4.42% $12,635
    North American Savings Bank, F.S.B. 3 4.83% $11,197
    DAS Acquisition Company, LLC 3 6.00% $19,438
    Barrington Bank & Trust Company, N.A. 3 3.12% $13,246
    CITYWIDE HOME LOANS, LLC 3 3.79% $15,628
    Chickasaw Community Bank 2 5.81% $9,044
    GUARANTEED RATE AFFINITY, LLC 2 5.44% $16,491
    GUARANTY HOME MORTGAGE CORPORATION 2 4.38% $15,047
    CONTOUR MORTGAGE CORPORATION 2 3.31% $22,344
    Citizens Bank 2 4.75% $13,106
    LAND HOME FINANCIAL SERVICES, INC. 2 4.88% $15,752
    LOANPAL, LLC 2 4.50% $24,234
    Loan Simple, Inc. 2 6.06% $21,646
    ML Mortgage Corp. 2 4.94% $17,587
    MORTGAGE EXPRESS, LLC 2 4.43% $19,853
    BKCO MORTGAGE, LLC 2 4.69% $21,372
    BAYSHORE MORTGAGE FUNDING, LLC 2 4.44% $15,020
    Network Funding, L.P. 2 5.69% $15,299
    NuVision Federal Credit Union 2 5.25% $17,747
    OCMBC, INC. 2 4.50% $19,777
    Austin Capital Bank SSB 2 5.81% $20,260
    PNC Bank 2 4.00% $16,931
    PREMIA MORTGAGE, LLC 2 5.19% $10,303
    PULTE MORTGAGE LLC 2 4.44% $25,514
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 2 4.50% $14,179
    South Pacific Financial Corporation 2 4.50% $26,636
    THRIVE MORTGAGE, LLC 2 4.63% $15,859
    TOWNE MORTGAGE COMPANY 2 4.56% $20,461
    TRISTAR FINANCE, INC. 2 3.88% $17,464
    UNION HOME MORTGAGE CORP. 2 5.88% $22,969
    UNITED MORTGAGE CORP 2 5.88% $22,569
    VISION ONE MORTGAGE, INC. 2 3.31% $8,181
    ALLIED MORTGAGE GROUP, INC. 2 5.81% $8,795
    WESTWOOD MORTGAGE, INC. 2 4.25% $40,655
    Willamette Valley Bank 2 5.00% $19,207
    Franklin Loan Corporation 2 5.00% $29,493
    NEW DAY FINANCIAL, LLC 1 4.25% $18,472
    MOUNTAIN WEST FINANCIAL, INC. 1 6.25% $22,357
    BNC National Bank 1 3.75% $18,877
    The Central Trust Bank 1 3.25% $14,966
    BOKF 1 3.00% $14,379
    Credence Funding Corporation 1 4.50% $14,878
    CANOPY MORTGAGE, LLC 1 5.13% $14,108
    Magnolia Bank 1 5.13% $18,807
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 6.88% $14,850
    DIRECT MORTGAGE, CORP. 1 2.75% $20,459
    First Savings Bank 1 4.00% $23,470
    WASHINGTON STATE EMPLOYEES Credit Union 1 7.13% $15,578
    United Fidelity Funding Corp. 1 5.63% $34,590
    GOLDEN WEST ALLIANCE, INC. 1 7.50% $9,467
    UNITED SECURITY FINANCIAL CORP 1 4.25% $8,986
    KELLER MORTGAGE, LLC 1 3.75% $11,533
    ARC HOME LLC 1 4.13% $14,621
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 4.63% $15,638
    Arvest Bank 1 4.88% $16,822
    INTERCAP LENDING INC. 1 5.99% $20,467
    ROYAL UNITED MORTGAGE LLC 1 5.63% $9,083
    PHH Mortgage Corporation 1 3.63% $20,703
    HOMESPIRE MORTGAGE CORPORATION 1 5.63% $19,871
    SOUTHWEST STAGE FUNDING, LLC 1 5.38% $16,599
    SOVEREIGN LENDING GROUP INCORPORATED 1 3.75% $27,929
    Bank of America 1 3.25% $18,611
    Bank of England 1 4.50% $20,386
    NexBank 1 4.63% $13,325

    The top Seattle FHA lender as defined by loan originations is CALIBER HOME LOANS, INC., with 443 FHA loans originated. Their average total fees are $16,746, which is $694 higher than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

    The lowest fee Seattle FHA lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($5,828), Lakeview Community Capital, LLC ($8,833), LAKEVIEW LOAN SERVICING, LLC ($9,868), Wells Fargo Bank ($10,389) and Boeing Employees Credit Union ($11,732).

    The lowest rate Seattle FHA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC (3.41%), LAKEVIEW LOAN SERVICING, LLC (3.73%), VILLAGE CAPITAL MORTGAGE (3.81%), AMERISAVE MORTGAGE CORPORATION (4.06%) and HOME POINT FINANCIAL CORPORATION (4.17%).

    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

    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 $494,878 (13.3%) $817,476 (17.5%) 1.83 2,935
    2018-02-01 $522,475 (13.7%) $837,160 (12.5%) 1.90 2,977
    2018-03-01 $550,000 (14.9%) $855,943 (13.2%) 1.93 3,291
    2018-04-01 $559,975 (12.9%) $860,533 (10.6%) 1.90 3,916
    2018-05-01 $571,500 (14.4%) $860,415 (9.9%) 1.91 4,776
    2018-06-01 $575,000 (15.0%) $857,750 (10.4%) 1.92 5,926
    2018-07-01 $565,925 (13.3%) $823,615 (7.1%) 1.89 7,217
    2018-08-01 $550,483 (12.9%) $794,782 (6.7%) 1.84 8,155
    2018-09-01 $549,950 (12.5%) $784,101 (4.7%) 1.85 9,205
    2018-10-01 $552,500 (12.8%) $781,837 (3.0%) 1.87 9,383
    2018-11-01 $549,998 (11.7%) $781,663 (0.8%) 1.86 8,294
    2018-12-01 $550,000 (11.1%) $789,581 (-0.7%) 1.90 6,850
    2019-01-01 $562,475 (13.7%) $817,211 (0.0%) 1.94 5,558
    2019-02-01 $593,745 (13.6%) $859,510 (2.7%) 2.01 5,429
    2019-03-01 $608,423 (10.6%) $873,910 (2.1%) 1.99 5,655
    2019-04-01 $627,445 (12.1%) $899,002 (4.5%) 1.99 5,935
    2019-05-01 $623,714 (9.1%) $881,335 (2.4%) 1.95 7,098
    2019-06-01 $614,950 (7.0%) $859,290 (0.2%) 1.92 7,807
    2019-07-01 $599,995 (6.0%) $850,226 (3.2%) 1.88 7,784
    2019-08-01 $595,836 (8.2%) $841,720 (5.9%) 1.89 8,177
    2019-09-01 $589,741 (7.2%) $834,170 (6.4%) 1.89 8,310
    2019-10-01 $585,677 (6.0%) $829,137 (6.1%) 1.89 8,318
    2019-11-01 $579,000 (5.3%) $833,915 (6.7%) 1.90 6,740
    2019-12-01 $579,963 (5.5%) $846,325 (7.2%) 1.93 4,769
    2020-01-01 $587,500 (4.5%) $867,078 (6.1%) 1.96 3,867
    2020-02-01 $599,900 (1.0%) $889,450 (3.5%) 1.97 3,791
    2020-03-01 $606,735 (-0.3%) $882,182 (1.0%) 1.90 4,300
    2020-04-01 $599,950 (-4.4%) $851,056 (-5.3%) 1.88 4,889
    2020-05-01 $608,000 (-2.5%) $859,906 (-2.4%) 1.85 5,649
    2020-06-01 $621,498 (1.1%) $887,354 (3.3%) 1.83 5,729
    2020-07-01 $627,000 (4.5%) $896,012 (5.4%) 1.82 5,735
    2020-08-01 $625,000 (4.9%) $885,121 (5.2%) 1.79 5,959
    2020-09-01 $624,999 (6.0%) $885,251 (6.1%) 1.79 6,059
    2020-10-01 $619,990 (5.9%) $890,134 (7.4%) 1.78 5,838
    2020-11-01 $626,725 (8.2%) $922,318 (10.6%) 1.83 4,129
    2020-12-01 $624,975 (7.8%) $930,668 (10.0%) 1.86 3,092
    2021-01-01 $638,000 (8.6%) $958,591 (10.6%) 1.90 2,424
    2021-02-01 $648,625 (8.1%) $953,436 (7.2%) 1.89 2,219
    2021-03-01 $652,500 (7.5%) $924,093 (4.8%) 1.85 2,584
    2021-04-01 $669,975 (11.7%) $940,369 (10.5%) 1.81 2,763
    2021-05-01 $679,900 (11.8%) $946,099 (10.0%) 1.81 2,937
    2021-06-01 $683,725 (10.0%) $944,535 (6.4%) 1.80 3,425
    2021-07-01 $689,950 (10.0%) $943,656 (5.3%) 1.82 3,642
    2021-08-01 $674,975 (8.0%) $912,385 (3.1%) 1.80 3,753
    2021-09-01 $675,000 (8.0%) $918,542 (3.8%) 1.80 3,744
    2021-10-01 $675,000 (8.9%) $939,780 (5.6%) 1.80 3,324
    2021-11-01 $674,995 (7.7%) $947,493 (2.7%) 1.80 2,510
    2021-12-01 $662,500 (6.0%) $933,599 (0.3%) 1.80 1,659
    2022-01-01 $685,000 (7.4%) $1,001,556 (4.5%) 1.85 1,315
    2022-02-01 $722,450 (11.4%) $1,051,274 (10.3%) 1.88 1,539
    2022-03-01 $749,950 (14.9%) $1,075,899 (16.4%) 1.88 1,867
    2022-04-01 $799,950 (19.4%) $1,128,806 (20.0%) 1.91 2,207
    2022-05-01 $824,995 (21.3%) $1,161,979 (22.8%) 1.89 3,971
    2022-06-01 $802,495 (17.4%) $1,135,816 (20.3%) 1.79 5,457
    2022-07-01 $789,950 (14.5%) $1,083,279 (14.8%) 1.78 6,958
    2022-08-01 $774,975 (14.8%) $1,075,045 (17.8%) 1.79 6,964
    2022-09-01 $762,485 (13.0%) $1,078,753 (17.4%) 1.78 6,694
    2022-10-01 $750,000 (11.1%) $1,060,491 (12.8%) 1.76 6,701
    2022-11-01 $737,450 (9.3%) $1,056,954 (11.6%) 1.77 6,006
    2022-12-01 $725,000 (9.4%) $1,038,782 (11.3%) 1.79 4,558
    2023-01-01 $727,000 (6.1%) $1,042,111 (4.1%) 1.80 3,673
    2023-02-01 $749,950 (3.8%) $1,105,965 (5.2%) 1.81 3,115
    2023-03-01 $788,975 (5.2%) $1,177,386 (9.4%) 1.86 3,105
    2023-04-01 $825,000 (3.1%) $1,236,506 (9.5%) 1.92 3,164
    2023-05-01 $822,500 (-0.3%) $1,235,282 (6.3%) 1.86 3,543
    2023-06-01 $824,720 (2.8%) $1,225,765 (7.9%) 1.85 4,090
    2023-07-01 $815,000 (3.2%) $1,242,311 (14.7%) 1.85 4,267
    2023-08-01 $799,475 (3.2%) $1,226,323 (14.1%) 1.84 4,504
    2023-09-01 $799,000 (4.8%) $1,215,186 (12.7%) 1.86 4,774
    2023-10-01 $792,250 (5.6%) $1,179,771 (11.3%) 1.86 4,808
    Seattle's median listing price for 2023-10-01 was $792,250, a difference of $42,250 (5.6%) versus the prior year and $-6,750 versus the prior month.

    Seattle's median listing price comes in at 186% of the national average.

    Seattle's average listing price for 2023-10-01 was $1,179,771, a difference of $119,280 (11.3%) versus the prior year and $-35,415 versus the prior month.

    For the 2023-10-01 period, Seattle had 4,808 MLS listings, a difference of 34 listings (1%) versus the prior month and -1,893 listings (-28%) 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 43 days 2,183 sqft
    2018-02-01 26 days 2,178 sqft
    2018-03-01 22 days 2,171 sqft
    2018-04-01 22 days 2,153 sqft
    2018-05-01 19 days 2,180 sqft
    2018-06-01 22 days 2,180 sqft
    2018-07-01 29 days 2,136 sqft
    2018-08-01 30 days 2,104 sqft
    2018-09-01 36 days 2,041 sqft
    2018-10-01 38 days 2,035 sqft
    2018-11-01 45 days 2,018 sqft
    2018-12-01 59 days 2,040 sqft
    2019-01-01 63 days 2,085 sqft
    2019-02-01 42 days 2,141 sqft
    2019-03-01 33 days 2,137 sqft
    2019-04-01 24 days 2,160 sqft
    2019-05-01 28 days 2,118 sqft
    2019-06-01 31 days 2,110 sqft
    2019-07-01 37 days 2,110 sqft
    2019-08-01 39 days 2,084 sqft
    2019-09-01 41 days 2,059 sqft
    2019-10-01 43 days 2,046 sqft
    2019-11-01 50 days 2,020 sqft
    2019-12-01 61 days 2,044 sqft
    2020-01-01 65 days 2,052 sqft
    2020-02-01 31 days 2,066 sqft
    2020-03-01 23 days 2,089 sqft
    2020-04-01 31 days 2,075 sqft
    2020-05-01 35 days 2,054 sqft
    2020-06-01 31 days 2,038 sqft
    2020-07-01 30 days 2,009 sqft
    2020-08-01 30 days 1,920 sqft
    2020-09-01 33 days 1,840 sqft
    2020-10-01 35 days 1,778 sqft
    2020-11-01 41 days 1,712 sqft
    2020-12-01 48 days 1,689 sqft
    2021-01-01 43 days 1,664 sqft
    2021-02-01 29 days 1,680 sqft
    2021-03-01 23 days 1,749 sqft
    2021-04-01 23 days 1,774 sqft
    2021-05-01 20 days 1,800 sqft
    2021-06-01 20 days 1,819 sqft
    2021-07-01 23 days 1,827 sqft
    2021-08-01 26 days 1,825 sqft
    2021-09-01 29 days 1,856 sqft
    2021-10-01 33 days 1,846 sqft
    2021-11-01 35 days 1,825 sqft
    2021-12-01 39 days 1,793 sqft
    2022-01-01 37 days 1,792 sqft
    2022-02-01 16 days 1,819 sqft
    2022-03-01 17 days 1,888 sqft
    2022-04-01 16 days 1,964 sqft
    2022-05-01 16 days 2,068 sqft
    2022-06-01 22 days 2,050 sqft
    2022-07-01 28 days 2,040 sqft
    2022-08-01 34 days 2,026 sqft
    2022-09-01 39 days 2,011 sqft
    2022-10-01 39 days 1,970 sqft
    2022-11-01 45 days 1,954 sqft
    2022-12-01 59 days 1,960 sqft
    2023-01-01 65 days 1,950 sqft
    2023-02-01 43 days 1,981 sqft
    2023-03-01 32 days 2,050 sqft
    2023-04-01 31 days 2,030 sqft
    2023-05-01 29 days 2,041 sqft
    2023-06-01 29 days 2,044 sqft
    2023-07-01 33 days 2,041 sqft
    2023-08-01 33 days 2,006 sqft
    2023-09-01 37 days 1,990 sqft
    2023-10-01 38 days 1,962 sqft
    Seattle's median listing age (time on market) for 2023-10-01 was 38 days. This is -4% shorter than the same period one year ago.

    Seattle's median square footage for active listings during the 2023-10-01 period was 1,962 sqft. One year prior, the average listing was 1,970 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).