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 176 lenders originated 5,073 FHA loans during 2023. The total origination value was $2,480,795,000, with an average FHA loan value of $489,019.

Seattle FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Seattle averaged 6.41% for the week of 2024-04-12, compared to the national average (all FHA variants) of 6.739% for the same period.

Seattle's average FHA mortgage closing costs are $12,559.

The average rate for the prior week (2024-04-05) was 6.74% and one month ago for the week of 2024-03-08, the average rate was 6.37%.

The average rate one year ago was 5.91%.

For refis of the same type during the week of 2024-04-12, the average rate was 7.05%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 428 6.05% $20,801
MOVEMENT MORTGAGE, LLC 363 6.79% $21,574
QUICKEN LOANS, LLC 335 6.14% $18,281
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 284 6.83% $18,211
CROSSCOUNTRY MORTGAGE, LLC 238 6.72% $20,131
GUILD MORTGAGE COMPANY 205 6.66% $19,875
AMERICAN PACIFIC MORTGAGE CORPORATION 201 6.80% $20,416
BROKER SOLUTIONS, INC. 125 6.75% $22,115
LOANDEPOT.COM, LLC 113 6.28% $19,246
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 97 6.74% $19,079
BAY EQUITY LLC 94 6.77% $18,716
NFM, INC. 76 6.55% $20,950
PENNYMAC LOAN SERVICES, LLC 70 6.15% $18,951
1st Security Bank of Washington 69 6.30% $21,946
PREMIER MORTGAGE RESOURCES, L.L.C. 65 6.17% $21,982
CMG MORTGAGE, INC. 65 6.62% $21,135
NOVA FINANCIAL & INVESTMENT CORPORATION 63 6.65% $16,990
Paramount Residential Mortgage Group, Inc. 61 6.60% $18,051
CORNERSTONE HOME LENDING, INC. 59 6.51% $20,392
Ixonia Bank 57 6.80% $20,591
GUARANTEED RATE, INC. 50 6.44% $20,102
NEWREZ LLC 44 6.46% $18,089
DHI MORTGAGE COMPANY, LTD. 39 5.72% $14,639
FREEDOM MORTGAGE CORPORATION 39 6.70% $20,639
CALIBER HOME LOANS, INC. 38 6.26% $17,858
CARDINAL FINANCIAL 37 6.31% $21,673
EAGLE HOME MORTGAGE, LLC 36 6.32% $19,974
MUTUAL OF OMAHA MORTGAGE, INC. 34 6.56% $21,191
HOMEBRIDGE FINANCIAL SERVICES, INC. 33 6.29% $20,971
ACADEMY MORTGAGE CORPORATION 32 6.53% $22,892
AMERISAVE MORTGAGE CORPORATION 32 5.92% $21,824
DIRECTORS MORTGAGE, INC. 31 6.79% $25,584
Mr. Cooper ( Nationstar Mortgage ) 29 6.04% $23,659
PRIMELENDING, A PLAINSCAPITAL COMPANY 29 6.42% $21,192
INSPIRE HOME LOANS INC. 28 5.47% $15,339
Century Mortgage Company DBA Century Lending Company 25 6.31% $15,710
MANN FINANCIAL INC. 22 7.21% $18,843
Alaska USA Federal Credit Union 21 6.45% $18,167
MLD MORTGAGE INC. 20 6.98% $18,089
HomeStreet Bank 20 6.41% $18,362
CALCON MUTUAL MORTGAGE LLC 19 6.43% $25,748
DAS Acquisition Company, LLC 19 6.82% $19,843
PLANET HOME LENDING, LLC 18 5.89% $20,043
PRIORITY HOME LENDING, LLC 17 6.65% $17,958
MID AMERICA MORTGAGE, INC. 16 6.81% $7,562
KBHS HOME LOANS, LLC 16 5.80% $26,263
PENRITH HOME LOANS LLC 16 6.39% $19,933
Wallick & Volk, Inc. 16 6.98% $13,544
AXIA FINANCIAL, LLC 16 6.42% $21,618
SUN WEST MORTGAGE COMPANY, INC. 16 6.20% $19,139
MORTGAGE SOLUTIONS OF COLORADO, LLC 16 6.66% $18,270
AMERICAN FINANCIAL NETWORK, INC. 15 7.08% $20,025
LAKEVIEW LOAN SERVICING, LLC 15 6.07% $18,919
U.S. Bank 15 6.57% $14,772
AMCAP MORTGAGE, LTD. 15 6.97% $17,303
T2 FINANCIAL LLC 14 6.42% $18,628
Flagstar Bank, FSB 14 6.46% $18,618
GENEVA FINANCIAL, LLC 13 6.88% $23,484
CHURCHILL MORTGAGE CORPORATION 13 6.63% $18,272
ENVOY MORTGAGE, LTD 12 6.31% $20,833
NATIONS DIRECT MORTGAGE, LLC 12 6.21% $20,395
Carrington Mortgage Services, LLC 12 6.25% $18,834
The Federal Savings Bank 12 6.26% $26,514
Prosperity Home Mortgage, LLC 12 6.21% $19,231
EVERETT FINANCIAL, INC. 12 6.56% $21,003
HOMEAMERICAN MORTGAGE CORPORATION 11 5.61% $13,926
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 11 6.31% $21,028
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 11 6.50% $20,253
MASON MCDUFFIE MORTGAGE CORPORATION 11 6.42% $18,540
PRIMARY RESIDENTIAL MORTGAGE, INC. 11 6.61% $15,273
ZILLOW HOME LOANS, LLC 11 6.42% $20,007
LOANPAL, LLC 11 5.65% $20,882
Boeing Employees Credit Union 11 6.48% $13,136
VILLAGE CAPITAL MORTGAGE 10 5.99% $17,285
KeyBank 9 6.22% $16,226
PLAZA HOME MORTGAGE, INC. 9 6.60% $22,087
GUARANTEED RATE AFFINITY, LLC 9 6.43% $20,056
ON Q FINANCIAL, INC. 9 7.11% $14,980
SUMMIT FUNDING, INC. 8 6.33% $23,638
Banner Bank 8 6.59% $18,070
Mortgage Research Center, LLC 8 6.48% $14,483
LEADERONE FINANCIAL CORPORATION 8 6.67% $22,454
NBKC BANK 7 6.13% $14,325
Loan Simple, Inc. 7 7.00% $25,854
TOP FLITE FINANCIAL, INC. 6 6.98% $17,735
TJC Mortgage, Inc. 6 5.67% $29,654
PANORAMA MORTGAGE GROUP, LLC 6 6.52% $25,807
Stride Bank 6 6.52% $21,248
LADERA LENDING, INC. 6 6.60% $16,983
INTERNATIONAL CITY MORTGAGE, INC. 5 6.68% $15,560
VERITAS FUNDING, LLC 5 6.75% $22,667
HOMESIDE FINANCIAL, LLC 5 6.50% $23,377
American Mortgage & Equity Consultants, Inc. 5 6.83% $25,366
LAND HOME FINANCIAL SERVICES, INC. 5 7.08% $23,505
UNION HOME MORTGAGE CORP. 5 6.60% $17,720
GSF Mortgage Corporation 5 5.98% $19,005
Plains Commerce Bank 5 5.68% $21,819
AMERICAN FINANCING CORPORATION 4 5.84% $18,328
JMAC LENDING, INC. 4 6.25% $16,589
Bank of England 4 6.28% $14,460
Wells Fargo Bank 4 6.63% $23,153
Umpqua Bank 4 6.66% $19,461
Equity Prime Mortgage LLC 4 6.28% $20,828
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 6.47% $18,780
Sunflower Bank 4 6.15% $27,717
JPMorgan Chase Bank 3 6.75% $11,039
Barrington Bank & Trust Company, N.A. 3 6.92% $13,448
TOWNE MORTGAGE COMPANY 3 6.29% $21,332
Nations Lending Corporation 3 7.04% $17,603
AMERICAN FINANCIAL RESOURCES, INC. 3 5.92% $15,264
Sierra Pacific Mortgage Company, Inc. 3 6.12% $13,705
NETWORK CAPITAL FUNDING CORPORATION 3 5.38% $20,100
OCMBC, INC. 3 6.83% $15,983
Bank of America 3 6.50% $14,810
United Fidelity Funding Corp. 3 6.75% $27,537
Willamette Valley Bank 3 6.25% $27,805
NexBank 3 6.04% $15,661
Lakeview Community Capital, LLC 3 6.00% $21,603
Gateway First Bank 3 6.33% $25,032
FIRST CONTINENTAL MORTGAGE, LTD. 2 6.63% $11,900
AHL FUNDING 2 7.06% $43,338
HOMEOWNERS FINANCIAL GROUP USA, LLC 2 6.75% $19,800
GUARANTY HOME MORTGAGE CORPORATION 2 5.56% $18,809
MOUNTAIN WEST FINANCIAL, INC. 2 7.25% $14,799
NATIONWIDE MORTGAGE BANKERS, INC. 2 7.12% $18,728
DRAPER AND KRAMER MORTGAGE CORP. 2 6.38% $16,047
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 2 6.94% $19,770
PACIFIC RESIDENTIAL MORTGAGE, LLC 2 6.50% $18,393
Citizens Bank 2 6.19% $22,570
BELEM SERVICING LLC 2 7.38% $17,626
SeaTrust Mortgage Company 2 6.75% $31,961
SECURITYNATIONAL MORTGAGE COMPANY 2 6.44% $29,195
South Pacific Financial Corporation 2 6.00% $15,936
Strong Home Mortgage, LLC 2 6.13% $18,001
Summit Mortgage Corporation 2 5.69% $28,643
AmeriHome Mortgage Company, LLC 2 6.88% $16,533
The Loan Store, Inc. 2 6.87% $30,658
TOTAL MORTGAGE SERVICES, LLC 2 6.56% $15,278
WASHINGTON STATE EMPLOYEES Credit Union 2 6.87% $17,656
Waterstone Mortgage Corporation 2 5.69% $23,104
RANLIFE, INC. 1 6.99% $20,226
RESIDENTIAL BANCORP 1 5.75% $16,624
VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.50% $12,480
HOMEXPRESS MORTGAGE CORP. 1 8.13% $10,923
Opportunity Bank of Montana 1 6.13% $19,499
LOANLEADERS OF AMERICA, INC. 1 5.75% $24,269
DATA MORTGAGE, INC. 1 6.38% $16,906
V.I.P. MORTGAGE, INC. 1 5.75% $15,732
Northpointe Bank 1 8.25% $10,527
LIBERTY HOME MORTGAGE CORPORATION 1 8.13% $21,393
North American Savings Bank, F.S.B. 1 5.25% $11,490
Armed Forces Bank 1 5.75% $21,217
NJ LENDERS CORP. 1 6.25% $13,573
The Central Trust Bank 1 6.63% $16,302
Keystone Funding, Inc. 1 6.75% $15,839
KINECTA 1 6.63% $9,319
NEW DAY FINANCIAL, LLC 1 7.50% $5,789
Financial Partners Credit Union 1 6.50% $13,996
KELLER MORTGAGE, LLC 1 5.63% $30,805
FIRST COLONY MORTGAGE CORPORATION 1 7.25% $12,167
TRISTAR FINANCE, INC. 1 6.75% $20,107
M&T Bank 1 5.75% $19,720
Heritage Bank 1 5.50% $16,159
MORTGAGE EXPRESS, LLC 1 7.13% $14,530
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.75% $23,733
PHH Mortgage Corporation 1 5.99% $19,985
PENTAGON FEDERAL CREDIT UNION 1 4.75% $17,677
BNC National Bank 1 6.13% $22,329
BM Real Estate Services, Inc. 1 6.50% $25,682
PNC Bank 1 6.75% $10,517
BETTER MORTGAGE CORPORATION 1 6.50% $15,263
MICHIGAN MUTUAL, INC. 1 5.63% $21,111
BECKAM FUNDING CORP. 1 5.75% $23,517
BAY-VALLEY MORTGAGE GROUP 1 7.38% $18,680
CONTOUR MORTGAGE CORPORATION 1 5.50% $23,715
Cornerstone First Mortgage, Inc 1 6.13% $13,977

The top Seattle FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 428 FHA loans originated. Their average total fees are $20,801, which is $773 lower than the next largest lender, MOVEMENT MORTGAGE, LLC.

The lowest fee Seattle FHA lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($7,562), Boeing Employees Credit Union ($13,136), Wallick & Volk, Inc. ($13,544), HOMEAMERICAN MORTGAGE CORPORATION ($13,926) and DHI MORTGAGE COMPANY, LTD. ($14,639).

The lowest rate Seattle FHA lenders (with over 10 loans originated) are INSPIRE HOME LOANS INC. (5.47%), HOMEAMERICAN MORTGAGE CORPORATION (5.61%), LOANPAL, LLC (5.65%), DHI MORTGAGE COMPANY, LTD. (5.72%) and KBHS HOME LOANS, LLC (5.80%).

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 $494,914 (13.3%) $817,526 (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 $560,350 (13.0%) $860,602 (10.6%) 1.90 3,915
2018-05-01 $571,700 (14.5%) $860,476 (9.9%) 1.91 4,775
2018-06-01 $575,000 (15.0%) $858,054 (10.4%) 1.92 5,926
2018-07-01 $565,925 (13.3%) $823,717 (7.1%) 1.89 7,217
2018-08-01 $551,484 (13.1%) $794,999 (6.7%) 1.85 8,156
2018-09-01 $549,950 (12.5%) $784,270 (4.7%) 1.85 9,206
2018-10-01 $552,500 (12.8%) $782,006 (3.0%) 1.87 9,384
2018-11-01 $549,998 (11.7%) $781,745 (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%) $817,163 (0.0%) 1.94 5,558
2019-02-01 $593,998 (13.7%) $859,546 (2.7%) 2.01 5,429
2019-03-01 $608,711 (10.7%) $873,950 (2.1%) 1.99 5,655
2019-04-01 $627,445 (12.0%) $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 (0.1%) 1.92 7,807
2019-07-01 $599,995 (6.0%) $850,226 (3.2%) 1.88 7,784
2019-08-01 $595,836 (8.0%) $841,704 (5.9%) 1.89 8,177
2019-09-01 $589,741 (7.2%) $834,131 (6.4%) 1.89 8,311
2019-10-01 $585,677 (6.0%) $829,082 (6.0%) 1.89 8,319
2019-11-01 $579,000 (5.3%) $833,943 (6.7%) 1.90 6,739
2019-12-01 $579,950 (5.5%) $846,363 (7.2%) 1.93 4,768
2020-01-01 $587,500 (4.5%) $867,130 (6.1%) 1.96 3,866
2020-02-01 $599,900 (1.0%) $889,510 (3.5%) 1.96 3,790
2020-03-01 $606,495 (-0.4%) $882,234 (1.0%) 1.90 4,299
2020-04-01 $599,950 (-4.4%) $851,077 (-5.3%) 1.88 4,888
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%) $896,058 (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 (7.6%) $924,093 (4.7%) 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%) $944,575 (6.5%) 1.80 3,424
2021-07-01 $689,950 (10.0%) $943,656 (5.3%) 1.82 3,641
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%) $933,507 (0.3%) 1.79 1,660
2022-01-01 $685,000 (7.4%) $1,001,387 (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%) $1,075,930 (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%) $1,083,308 (14.8%) 1.78 6,954
2022-08-01 $774,950 (14.8%) $1,075,090 (17.8%) 1.79 6,961
2022-09-01 $762,485 (13.0%) $1,078,846 (17.5%) 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%) $1,056,940 (11.6%) 1.77 6,006
2022-12-01 $725,000 (9.4%) $1,038,754 (11.3%) 1.79 4,559
2023-01-01 $727,000 (6.1%) $1,042,070 (4.1%) 1.80 3,674
2023-02-01 $749,950 (3.8%) $1,105,889 (5.2%) 1.81 3,116
2023-03-01 $789,225 (5.2%) $1,177,299 (9.4%) 1.86 3,106
2023-04-01 $825,000 (3.1%) $1,236,224 (9.5%) 1.92 3,165
2023-05-01 $822,500 (-0.3%) $1,235,201 (6.3%) 1.87 3,543
2023-06-01 $824,500 (2.7%) $1,225,756 (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 (12.6%) 1.86 4,774
2023-10-01 $792,250 (5.6%) $1,179,771 (11.3%) 1.86 4,808
2023-11-01 $752,413 (2.0%) $1,110,443 (5.1%) 1.79 5,293
2023-12-01 $749,000 (3.3%) $1,088,306 (4.8%) 1.83 4,177
2024-01-01 $749,495 (3.1%) $1,122,633 (7.7%) 1.83 3,319
2024-02-01 $765,000 (2.0%) $1,155,569 (4.5%) 1.84 3,294
2024-03-01 $767,875 (-2.7%) $1,150,459 (-2.3%) 1.81 3,737
Seattle's median listing price for 2024-03-01 was $767,875, a difference of $-21,350 (-2.7%) versus the prior year and $2,875 versus the prior month.

Seattle's median listing price comes in at 181% of the national average.

Seattle's average listing price for 2024-03-01 was $1,150,459, a difference of $-26,840 (-2.3%) versus the prior year and $-5,110 versus the prior month.

For the 2024-03-01 period, Seattle had 3,737 MLS listings, a difference of 443 listings (13%) versus the prior month and 631 listings (20%) 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 2,184 sqft
2018-02-01 26 days 2,179 sqft
2018-03-01 22 days 2,172 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 2,036 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 2,117 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 2,045 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 2,065 sqft
2020-03-01 23 days 2,089 sqft
2020-04-01 31 days 2,078 sqft
2020-05-01 35 days 2,054 sqft
2020-06-01 31 days 2,036 sqft
2020-07-01 30 days 2,010 sqft
2020-08-01 30 days 1,920 sqft
2020-09-01 33 days 1,840 sqft
2020-10-01 35 days 1,773 sqft
2020-11-01 41 days 1,708 sqft
2020-12-01 48 days 1,686 sqft
2021-01-01 43 days 1,660 sqft
2021-02-01 29 days 1,678 sqft
2021-03-01 23 days 1,748 sqft
2021-04-01 23 days 1,773 sqft
2021-05-01 20 days 1,800 sqft
2021-06-01 20 days 1,820 sqft
2021-07-01 23 days 1,824 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 1,794 sqft
2022-01-01 37 days 1,793 sqft
2022-02-01 16 days 1,820 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 2,010 sqft
2022-10-01 39 days 1,970 sqft
2022-11-01 45 days 1,953 sqft
2022-12-01 59 days 1,960 sqft
2023-01-01 65 days 1,950 sqft
2023-02-01 43 days 1,980 sqft
2023-03-01 32 days 2,050 sqft
2023-04-01 31 days 2,030 sqft
2023-05-01 29 days 2,037 sqft
2023-06-01 29 days 2,037 sqft
2023-07-01 33 days 2,040 sqft
2023-08-01 33 days 2,003 sqft
2023-09-01 37 days 1,989 sqft
2023-10-01 38 days 1,960 sqft
2023-11-01 45 days 1,913 sqft
2023-12-01 57 days 1,888 sqft
2024-01-01 59 days 1,845 sqft
2024-02-01 32 days 1,841 sqft
2024-03-01 29 days 1,860 sqft
Seattle's median listing age (time on market) for 2024-03-01 was 29 days. This is -9% shorter than the same period one year ago.

Seattle's median square footage for active listings during the 2024-03-01 period was 1,860 sqft. One year prior, the average listing was 2,050 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).