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).