Washington FHA Loan Rates, Closing Costs & Stats

Washington-Arlington-Alexandria, DC-VA-MD-WV

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.

Washington's 257 lenders originated 10,850 FHA loans during 2023. The total origination value was $4,841,430,000, with an average FHA loan value of $446,215.

Washington FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Washington averaged 6.53% for the week of 2024-04-12, compared to the national average (all FHA variants) of 6.739% for the same period.

Washington's average FHA mortgage closing costs are $11,514.

The average rate for the prior week (2024-04-05) was 6.66% and one month ago for the week of 2024-03-08, the average rate was 6.29%.

The average rate one year ago was 6.03%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.5%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Washington 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 Washington level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
QUICKEN LOANS, LLC 856 6.14% $16,844
UNITED WHOLESALE MORTGAGE, LLC 723 6.28% $18,203
NVR Mortgage Finance, Inc. 468 6.08% $17,389
First Heritage Mortgage, LLC 287 6.47% $17,911
MOVEMENT MORTGAGE, LLC 275 6.46% $15,352
EMBRACE HOME LOANS, INC. 269 6.31% $15,635
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 228 6.54% $15,539
EAGLE HOME MORTGAGE, LLC 227 6.17% $17,439
NFM, INC. 203 6.81% $16,856
Atlantic Coast Mortgage, LLC 199 6.31% $16,676
HOMESPIRE MORTGAGE CORPORATION 188 6.74% $16,274
LOANDEPOT.COM, LLC 180 6.18% $16,967
HOMESIDE FINANCIAL, LLC 173 6.81% $15,087
CMG MORTGAGE, INC. 172 6.21% $17,730
NEWREZ LLC 167 6.41% $17,518
FREEDOM MORTGAGE CORPORATION 164 6.70% $19,997
FIRST HOME MORTGAGE CORPORATION 163 6.45% $20,967
PENNYMAC LOAN SERVICES, LLC 147 6.13% $17,033
DHI MORTGAGE COMPANY, LTD. 144 5.79% $11,699
Prosperity Home Mortgage, LLC 137 6.50% $15,620
Towne Bank 136 6.27% $15,156
CARDINAL FINANCIAL 135 6.24% $19,283
AMERICAN FINANCIAL NETWORK, INC. 125 6.87% $17,746
Vellum Mortgage, Inc. 123 6.67% $16,348
Mr. Cooper ( Nationstar Mortgage ) 123 6.08% $21,954
CROSSCOUNTRY MORTGAGE, LLC 122 6.69% $17,030
INTERCOASTAL MORTGAGE COMPANY 104 6.33% $15,226
George Mason Mortgage, LLC 95 6.48% $15,689
Carrington Mortgage Services, LLC 91 6.41% $19,007
CALIBER HOME LOANS, INC. 89 6.21% $19,199
GUARANTEED RATE, INC. 89 6.29% $18,463
BROKER SOLUTIONS, INC. 89 6.63% $16,770
DRAPER AND KRAMER MORTGAGE CORP. 87 6.23% $17,551
BAY EQUITY LLC 83 6.48% $15,622
FIRST SAVINGS MORTGAGE CORPORATION 73 6.54% $18,882
Plains Commerce Bank 72 6.32% $19,721
FIDELITY DIRECT MORTGAGE, LLC 72 6.83% $19,005
Paramount Residential Mortgage Group, Inc. 69 6.77% $17,420
Ameris Bank 68 6.68% $14,281
ARK-LA-TEX FINANCIAL SERVICES, LLC. 65 6.71% $13,524
Sandy Spring Bank 61 6.63% $13,218
THE MORTGAGE LINK, INC. 60 6.67% $16,739
The Federal Savings Bank 59 6.44% $17,414
MUTUAL OF OMAHA MORTGAGE, INC. 55 6.44% $21,993
AMERISAVE MORTGAGE CORPORATION 55 5.85% $20,636
Century Mortgage Company DBA Century Lending Company 52 6.53% $19,935
Integrity Home Mortgage Corp 52 6.57% $15,981
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 49 6.82% $18,347
UNION HOME MORTGAGE CORP. 49 6.90% $15,751
Presidential Bank, FSB 48 6.47% $17,654
Alcova Mortgage LLC 48 6.96% $12,082
PRIMELENDING, A PLAINSCAPITAL COMPANY 47 6.68% $16,197
Waterstone Mortgage Corporation 47 6.51% $15,701
PLANET HOME LENDING, LLC 46 6.09% $16,740
JET HOMELOANS, LLC 46 5.94% $15,849
PENTAGON FEDERAL CREDIT UNION 44 5.65% $13,802
WesBanco 41 6.37% $14,581
PRIMARY RESIDENTIAL MORTGAGE, INC. 40 6.47% $18,360
CBM Mortgage, Inc. 39 6.77% $13,735
Capital Bank 38 6.86% $14,461
Truist 37 6.18% $13,026
PLAZA HOME MORTGAGE, INC. 37 6.15% $18,106
OCMBC, INC. 36 6.87% $17,706
M&T Bank 34 6.33% $12,382
SUN WEST MORTGAGE COMPANY, INC. 34 6.26% $18,473
EVERETT FINANCIAL, INC. 32 6.84% $21,422
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 30 6.72% $15,704
BAY CAPITAL MORTGAGE CORPORATION 29 6.77% $14,962
GUARANTEED RATE AFFINITY, LLC 28 6.50% $16,880
ACADEMY MORTGAGE CORPORATION 27 6.32% $17,738
NATIONS DIRECT MORTGAGE, LLC 27 6.58% $19,624
Mortgage Research Center, LLC 26 6.70% $11,292
Flagstar Bank, FSB 26 6.45% $15,864
The Freedom Bank of Virginia 26 6.22% $13,832
NATIONWIDE MORTGAGE BANKERS, INC. 26 6.50% $19,349
INTERLINC MORTGAGE SERVICES, LLC 26 6.69% $9,134
CHURCHILL MORTGAGE CORPORATION 26 6.47% $19,381
Sierra Pacific Mortgage Company, Inc. 25 6.50% $16,484
JAMS-01, INC. 25 6.19% $16,259
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 25 6.72% $24,109
Keystone Funding, Inc. 25 6.32% $19,957
ARC HOME LLC 25 6.75% $22,859
GUILD MORTGAGE COMPANY 25 6.85% $17,772
BECKAM FUNDING CORP. 24 7.31% $22,072
SWBC MORTGAGE CORPORATION 22 6.37% $13,036
Equity Prime Mortgage LLC 22 6.93% $21,835
LAKEVIEW LOAN SERVICING, LLC 22 5.96% $15,479
MY MORTGAGE, INC. 21 6.56% $18,194
DAS Acquisition Company, LLC 21 6.71% $18,734
Shore United Bank 20 6.18% $15,065
HOMEBRIDGE FINANCIAL SERVICES, INC. 19 6.40% $18,277
DIRECT MORTGAGE LOANS, LLC 19 7.07% $17,281
LAND HOME FINANCIAL SERVICES, INC. 19 7.14% $19,765
VILLAGE CAPITAL MORTGAGE 19 6.25% $17,881
RELIANCE FIRST CAPITAL, LLC 18 6.56% $20,766
NORWICH COMMERCIAL GROUP, INC. 18 6.72% $18,777
EQUITY RESOURCES, INC. 17 6.87% $11,973
SUCCESS MORTGAGE PARTNERS, INC. 17 6.67% $17,322
MLD MORTGAGE INC. 17 6.18% $17,501
ENVOY MORTGAGE, LTD 17 6.49% $15,710
MILEND, INC. 16 6.51% $21,272
STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED 16 6.39% $6,588
TOWNE MORTGAGE COMPANY 16 6.20% $16,210
Meridian Bank Corporation 16 6.61% $13,649
LOANPAL, LLC 16 5.91% $17,516
T2 FINANCIAL LLC 16 6.95% $19,422
PNC Bank 15 6.55% $11,338
C & F Mortgage Corporation 15 6.59% $12,968
BAYSHORE MORTGAGE FUNDING, LLC 15 6.98% $18,240
Lakeview Community Capital, LLC 15 6.05% $16,407
MICHIGAN MUTUAL, INC. 14 5.91% $19,130
First Federal Bank 14 6.03% $21,541
GSF Mortgage Corporation 14 6.38% $17,650
HOMEAMERICAN MORTGAGE CORPORATION 14 5.66% $14,969
AMERICAN FINANCIAL RESOURCES, INC. 13 6.60% $15,912
UNIVERSAL MORTGAGE & FINANCE, INC. 13 7.00% $19,827
AMERICAN PACIFIC MORTGAGE CORPORATION 13 6.54% $18,335
Atlantic Union Bank 13 6.63% $13,137
Citizens Bank 13 6.29% $14,459
PULTE MORTGAGE LLC 12 6.09% $13,298
MORTGAGE ACCESS CORP. 12 6.88% $13,759
Evolve Bank & Trust 12 7.14% $18,507
TIDEWATER MORTGAGE SERVICES, INC. 12 6.44% $15,777
Fulton Bank 12 6.46% $16,396
Blue Ridge Bank 12 6.49% $15,792
AmeriHome Mortgage Company, LLC 11 6.28% $15,696
First Option Mortgage, LLC 11 6.91% $19,281
U.S. Bank 11 6.09% $16,579
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 11 6.16% $14,220
ZILLOW HOME LOANS, LLC 10 6.08% $16,557
EagleBank 10 6.25% $11,484
GEO-CORP, INC. 10 7.19% $15,074
Loan Simple, Inc. 10 6.90% $19,383
MORIA DEVELOPMENT, INC. 10 6.80% $12,872
SECURITYNATIONAL MORTGAGE COMPANY 10 6.35% $14,745
Wells Fargo Bank 10 6.63% $13,002
PHH Mortgage Corporation 9 6.26% $14,355
American Mortgage & Equity Consultants, Inc. 9 6.94% $16,005
JPMorgan Chase Bank 9 6.48% $11,060
MORTGAGE EQUITY PARTNERS LLC 8 6.92% $21,645
1ST FINANCIAL, INC. 8 5.94% $22,893
Strong Home Mortgage, LLC 8 5.89% $12,164
SOUTHERN TRUST MORTGAGE, LLC 8 6.28% $17,040
MDE Home Loans, LLC 8 6.20% $24,142
AMERICAN FINANCING CORPORATION 8 5.86% $21,693
MILLENNIUM FINANCIAL GROUP, INC. 8 6.58% $14,887
EMM LOANS LLC 8 6.28% $20,462
Virginia Credit Union, Inc. 7 6.52% $11,957
MID-ISLAND MORTGAGE CORP. 7 6.53% $23,349
Bank of America 7 6.27% $7,937
MORTGAGE SOLUTIONS OF COLORADO, LLC 7 6.66% $23,646
CAPITAL CENTER, L.L.C. 7 6.04% $9,503
Nations Lending Corporation 7 5.98% $19,513
CityWorth Mortgage LLC 7 6.32% $22,995
NETWORK CAPITAL FUNDING CORPORATION 7 6.27% $19,417
FIRST ALLIANCE HOME MORTGAGE, LLC 6 6.54% $16,523
Cornerstone First Mortgage, Inc 6 6.77% $14,678
JMAC LENDING, INC. 6 6.71% $17,838
SUMMIT FUNDING, INC. 6 6.62% $21,325
GENEVA FINANCIAL, LLC 6 6.85% $20,815
CONTOUR MORTGAGE CORPORATION 6 6.13% $17,234
ALLIED MORTGAGE GROUP, INC. 6 6.40% $13,856
LIBERTY HOME MORTGAGE CORPORATION 6 6.81% $19,972
US MORTGAGE CORPORATION 5 6.10% $22,390
POLARIS HOME FUNDING CORP. 5 6.30% $15,513
BNC National Bank 5 5.38% $16,212
MID AMERICA MORTGAGE, INC. 5 7.13% $15,989
CHERRY CREEK MORTGAGE, LLC 5 6.45% $8,570
NBKC BANK 5 6.05% $12,975
TOP FLITE FINANCIAL, INC. 5 6.98% $30,539
TJC Mortgage, Inc. 5 6.55% $14,370
AmRes Corporation 5 6.63% $15,231
MCLEAN MORTGAGE CORPORATION 4 5.97% $18,691
JOHNSON MORTGAGE COMPANY, L.L.C. 4 5.69% $30,892
Northpointe Bank 4 6.03% $14,942
Residential Mortgage Solutions, Inc. 4 6.56% $23,322
Citibank 4 6.13% $15,255
STOCKTON MORTGAGE CORPORATION 4 6.63% $13,305
TD Bank 4 5.97% $14,561
The Loan Store, Inc. 4 6.19% $35,769
AMCAP MORTGAGE, LTD. 4 6.41% $21,280
ROSS MORTGAGE CORPORATION 3 6.71% $16,956
NASA Federal Credit Union 3 6.33% $20,590
FIRST EQUITY MORTGAGE INCORPORATED 3 6.12% $23,495
LADERA LENDING, INC. 3 6.79% $12,862
Franklin Loan Corporation 3 6.04% $18,693
Financial Freedom Mortgage, LLC 3 6.63% $15,024
CORNERSTONE HOME LENDING, INC. 3 6.83% $15,260
Bank of England 3 6.29% $17,912
Member Options, LLC 3 6.83% $9,893
Summit Mortgage Corporation 3 6.67% $15,061
Watermark Capital, Inc. 3 6.83% $23,293
UNITED SECURITY FINANCIAL CORP 2 7.81% $21,644
North American Savings Bank, F.S.B. 2 5.44% $10,018
Hometown Equity Mortgage, LLC 2 7.06% $14,742
BETTER MORTGAGE CORPORATION 2 5.50% $23,448
TBI MORTGAGE COMPANY 2 6.13% $41,918
LOANLEADERS OF AMERICA, INC. 2 5.63% $33,088
First National Bank of Pennsylvania 2 6.44% $12,975
OAKTREE FUNDING CORP. 2 6.44% $19,960
FIRST MORTGAGE COMPANY, INC. 2 6.44% $14,174
PANORAMA MORTGAGE GROUP, LLC 2 6.44% $11,902
DELMAR FINANCIAL COMPANY 2 6.81% $15,012
MANN FINANCIAL INC. 2 5.88% $13,940
THRIVE MORTGAGE, LLC 2 6.56% $14,949
RESIDENTIAL HOME FUNDING CORP. 2 6.13% $21,985
SOVEREIGN LENDING GROUP INCORPORATED 2 6.19% $19,633
LEGEND LENDING CORPORATION 2 6.13% $18,846
DATA MORTGAGE, INC. 2 7.06% $11,220
MLB RESIDENTIAL LENDING, LLC 2 6.88% $19,799
CREDIT UNION MORTGAGE ASSOCIATION, INC. 2 6.63% $11,661
UNITED NORTHERN MORTGAGE BANKERS LIMITED 2 6.44% $19,377
Axos Bank 1 6.50% $13,389
LEADERONE FINANCIAL CORPORATION 1 7.25% $11,437
AXIA FINANCIAL, LLC 1 5.63% $18,515
Assurance Financial Group, L.L.C. 1 5.75% $15,611
TruHome Solutions, LLC 1 6.50% $11,362
ASSOCIATED MORTGAGE BANKERS, INC. 1 6.25% $15,902
United Bank 1 5.13% $11,509
American Security Mortgage Corp. 1 6.25% $13,199
MK LENDING CORP. 1 6.25% $21,089
LENDING 3, INC. 1 8.25% $23,149
Mid Penn Bank 1 6.75% $21,310
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 6.13% $13,166
FM Home Loans, LLC 1 6.63% $19,929
NP, Inc. 1 7.63% $21,248
OPEN MORTGAGE, LLC 1 6.38% $10,010
Fidelity Bank 1 7.00% $15,033
FBC MORTGAGE, LLC 1 5.99% $29,372
NexBank 1 5.75% $24,032
NEW WAVE LENDING GROUP INC 1 7.25% $38,182
PREMIA MORTGAGE, LLC 1 6.75% $8,184
Credence Funding Corporation 1 5.75% $14,576
Princeton Mortgage Corporation 1 7.25% $20,097
NEW DAY FINANCIAL, LLC 1 7.50% $16,897
Neighborhood Loans, Inc. 1 8.13% $20,958
Commerce Home Mortgage, Inc. 1 6.38% $14,285
GoPrime Mortgage, Inc. 1 6.25% $8,057
SeaTrust Mortgage Company 1 6.63% $10,430
Acre Mortgage and Financial Inc 1 7.25% $17,635
Shea Mortgage Inc. 1 6.13% $8,295
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.63% $7,638
Simmons Bank 1 6.75% $17,545
NATIONS RELIABLE LENDING, LLC 1 7.25% $17,565
SOUTHPOINT FINANCIAL SERVICES, INC. 1 5.75% $26,954
SOUTHWEST STAGE FUNDING, LLC 1 6.88% $4,937
GVC MORTGAGE, INC. 1 7.13% $18,164
Advisors Mortgage Group, L.L.C. 1 7.63% $17,341
HARTFORD FUNDING, LTD. 1 7.75% $23,257
MYCUMORTGAGE, LLC 1 7.13% $19,482
CALCON MUTUAL MORTGAGE LLC 1 7.25% $15,869
Magnolia Bank 1 6.00% $16,185
The Central Trust Bank 1 5.75% $18,372
Barrington Bank & Trust Company, N.A. 1 6.63% $21,779
The Huntington National Bank 1 7.63% $11,180
The Union Bank Company 1 5.25% $12,043
Tidewater Home Funding, LLC 1 7.00% $12,190

The top Washington FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 856 FHA loans originated. Their average total fees are $16,844, which is $1,359 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Washington FHA lenders (with over 10 loans originated) are STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED ($6,588), INTERLINC MORTGAGE SERVICES, LLC ($9,134), Mortgage Research Center, LLC ($11,292), PNC Bank ($11,338) and EagleBank ($11,484).

The lowest rate Washington FHA lenders (with over 10 loans originated) are PENTAGON FEDERAL CREDIT UNION (5.65%), HOMEAMERICAN MORTGAGE CORPORATION (5.66%), DHI MORTGAGE COMPANY, LTD. (5.79%), AMERISAVE MORTGAGE CORPORATION (5.85%) and LOANPAL, LLC (5.91%).

Washington FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV DISTRICT OF COL 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV CALVERT 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV CHARLES 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV FREDERICK 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV MONTGOMERY 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV PRINCE GEORGE'S 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV ARLINGTON 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV CLARKE 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV CULPEPER 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV FAIRFAX 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV FAUQUIER 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV LOUDOUN 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV MADISON 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV PRINCE WILLIAM 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV RAPPAHANNOCK 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV SPOTSYLVANIA 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV STAFFORD 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV WARREN 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV ALEXANDRIA CITY 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV FAIRFAX CITY 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV FALLS CHURCH CI 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV FREDERICKSBURG 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV MANASSAS CITY 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV MANASSAS PARK C 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV JEFFERSON 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV DISTRICT OF COL 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV CALVERT 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV CHARLES 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV FREDERICK 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV MONTGOMERY 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV PRINCE GEORGE'S 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV ARLINGTON 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV CLARKE 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV CULPEPER 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV FAIRFAX 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV FAUQUIER 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV LOUDOUN 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV MADISON 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV PRINCE WILLIAM 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV RAPPAHANNOCK 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV SPOTSYLVANIA 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV STAFFORD 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV WARREN 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV ALEXANDRIA CITY 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV FAIRFAX CITY 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV FALLS CHURCH CI 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV FREDERICKSBURG 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV MANASSAS CITY 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV MANASSAS PARK C 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV JEFFERSON 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Washington (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 $429,995 (2.0%) $635,658 (1.3%) 1.59 12,355
2018-02-01 $442,000 (2.3%) $648,853 (0.7%) 1.60 12,214
2018-03-01 $464,990 (3.9%) $664,284 (0.8%) 1.63 13,617
2018-04-01 $475,000 (3.3%) $675,264 (1.1%) 1.61 15,527
2018-05-01 $474,950 (2.1%) $676,005 (1.6%) 1.59 16,840
2018-06-01 $475,000 (1.8%) $673,246 (1.9%) 1.58 17,459
2018-07-01 $463,500 (0.8%) $655,427 (0.8%) 1.55 17,899
2018-08-01 $449,950 (0.4%) $636,585 (1.0%) 1.51 17,939
2018-09-01 $449,900 (0.0%) $632,435 (-0.6%) 1.51 18,577
2018-10-01 $449,900 (0.2%) $633,612 (-0.7%) 1.52 18,685
2018-11-01 $444,950 (1.2%) $632,700 (-0.1%) 1.51 17,498
2018-12-01 $434,900 (1.2%) $631,860 (0.1%) 1.50 14,330
2019-01-01 $432,450 (0.6%) $637,531 (0.3%) 1.49 12,141
2019-02-01 $446,750 (1.1%) $654,346 (0.9%) 1.51 11,828
2019-03-01 $462,857 (-0.5%) $670,627 (1.0%) 1.51 12,876
2019-04-01 $479,000 (0.8%) $683,273 (1.2%) 1.52 14,120
2019-05-01 $487,000 (2.5%) $689,187 (2.0%) 1.52 15,296
2019-06-01 $485,000 (2.1%) $685,826 (1.9%) 1.52 15,938
2019-07-01 $475,000 (2.5%) $671,612 (2.5%) 1.49 15,785
2019-08-01 $475,000 (5.6%) $675,848 (6.2%) 1.50 15,554
2019-09-01 $475,000 (5.6%) $684,475 (8.2%) 1.52 15,412
2019-10-01 $475,000 (5.6%) $690,788 (9.0%) 1.53 15,251
2019-11-01 $474,990 (6.8%) $698,042 (10.3%) 1.56 13,853
2019-12-01 $469,925 (8.1%) $707,559 (12.0%) 1.57 10,986
2020-01-01 $466,625 (7.9%) $715,637 (12.3%) 1.56 9,518
2020-02-01 $481,000 (7.7%) $739,602 (13.0%) 1.57 9,263
2020-03-01 $501,870 (8.4%) $762,677 (13.7%) 1.57 9,912
2020-04-01 $499,900 (4.4%) $737,096 (7.9%) 1.57 10,552
2020-05-01 $509,000 (4.5%) $757,241 (9.9%) 1.55 10,595
2020-06-01 $527,250 (8.7%) $782,271 (14.1%) 1.55 9,949
2020-07-01 $527,450 (11.0%) $792,634 (18.0%) 1.53 9,128
2020-08-01 $525,000 (10.5%) $794,895 (17.6%) 1.50 8,806
2020-09-01 $517,000 (8.8%) $788,822 (15.2%) 1.48 9,231
2020-10-01 $499,990 (5.3%) $768,736 (11.3%) 1.43 9,639
2020-11-01 $499,900 (5.2%) $782,155 (12.1%) 1.46 9,128
2020-12-01 $496,245 (5.6%) $795,725 (12.5%) 1.48 7,595
2021-01-01 $485,000 (3.9%) $815,384 (13.9%) 1.45 6,439
2021-02-01 $489,450 (1.8%) $818,161 (10.6%) 1.42 5,879
2021-03-01 $492,500 (-1.9%) $795,499 (4.3%) 1.40 6,509
2021-04-01 $503,750 (0.8%) $793,820 (7.7%) 1.36 7,116
2021-05-01 $514,950 (1.2%) $787,426 (4.0%) 1.37 7,916
2021-06-01 $524,923 (-0.4%) $777,748 (-0.6%) 1.38 9,074
2021-07-01 $510,000 (-3.3%) $749,455 (-5.5%) 1.35 10,153
2021-08-01 $502,495 (-4.3%) $733,715 (-7.7%) 1.34 10,313
2021-09-01 $504,950 (-2.3%) $733,951 (-7.0%) 1.35 10,806
2021-10-01 $505,000 (1.0%) $736,108 (-4.2%) 1.35 10,444
2021-11-01 $501,245 (0.3%) $744,897 (-4.8%) 1.34 8,638
2021-12-01 $499,950 (0.8%) $762,877 (-4.1%) 1.35 6,568
2022-01-01 $500,000 (3.1%) $802,527 (-1.6%) 1.35 5,138
2022-02-01 $527,500 (7.8%) $826,308 (1.0%) 1.37 4,962
2022-03-01 $544,900 (10.6%) $827,874 (4.1%) 1.36 5,427
2022-04-01 $565,000 (12.2%) $821,391 (3.5%) 1.35 6,158
2022-05-01 $585,000 (13.6%) $833,802 (5.9%) 1.34 7,904
2022-06-01 $590,525 (12.5%) $819,878 (5.4%) 1.32 9,266
2022-07-01 $580,000 (13.7%) $801,378 (6.9%) 1.31 10,484
2022-08-01 $570,000 (13.4%) $785,044 (7.0%) 1.32 10,390
2022-09-01 $569,950 (12.9%) $785,014 (7.0%) 1.33 10,492
2022-10-01 $574,000 (13.7%) $794,486 (7.9%) 1.35 10,790
2022-11-01 $565,680 (12.9%) $800,050 (7.4%) 1.36 10,320
2022-12-01 $559,900 (12.0%) $813,943 (6.7%) 1.38 8,230
2023-01-01 $568,498 (13.7%) $842,443 (5.0%) 1.41 6,808
2023-02-01 $584,681 (10.8%) $880,065 (6.5%) 1.41 6,119
2023-03-01 $599,450 (10.0%) $907,750 (9.7%) 1.41 6,199
2023-04-01 $620,000 (9.7%) $936,647 (14.0%) 1.44 6,481
2023-05-01 $639,423 (9.3%) $960,023 (15.1%) 1.45 6,675
2023-06-01 $644,250 (9.1%) $960,218 (17.1%) 1.45 6,835
2023-07-01 $635,000 (9.5%) $935,736 (16.8%) 1.44 7,182
2023-08-01 $615,000 (7.9%) $912,225 (16.2%) 1.41 7,166
2023-09-01 $615,000 (7.9%) $914,848 (16.5%) 1.43 7,960
2023-10-01 $599,995 (4.5%) $913,239 (15.0%) 1.41 8,407
2023-11-01 $598,875 (5.9%) $915,255 (14.4%) 1.43 8,253
2023-12-01 $585,000 (4.5%) $923,869 (13.5%) 1.43 6,987
2024-01-01 $589,860 (3.8%) $950,586 (12.8%) 1.44 5,902
2024-02-01 $599,000 (2.5%) $958,457 (8.9%) 1.44 5,907
2024-03-01 $604,300 (0.8%) $972,046 (7.1%) 1.42 6,335
Washington's median listing price for 2024-03-01 was $604,300, a difference of $4,850 (0.8%) versus the prior year and $5,300 versus the prior month.

Washington's median listing price comes in at 142% of the national average.

Washington's average listing price for 2024-03-01 was $972,046, a difference of $64,296 (7.1%) versus the prior year and $13,589 versus the prior month.

For the 2024-03-01 period, Washington had 6,335 MLS listings, a difference of 428 listings (7%) versus the prior month and 136 listings (2%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Washington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 67 days 2,054 sqft
2018-02-01 49 days 2,090 sqft
2018-03-01 33 days 2,116 sqft
2018-04-01 31 days 2,129 sqft
2018-05-01 31 days 2,140 sqft
2018-06-01 37 days 2,256 sqft
2018-07-01 43 days 2,212 sqft
2018-08-01 44 days 2,172 sqft
2018-09-01 45 days 2,137 sqft
2018-10-01 44 days 2,111 sqft
2018-11-01 49 days 2,114 sqft
2018-12-01 59 days 2,133 sqft
2019-01-01 67 days 2,155 sqft
2019-02-01 50 days 2,195 sqft
2019-03-01 38 days 2,261 sqft
2019-04-01 30 days 2,314 sqft
2019-05-01 31 days 2,329 sqft
2019-06-01 37 days 2,340 sqft
2019-07-01 42 days 2,307 sqft
2019-08-01 42 days 2,290 sqft
2019-09-01 40 days 2,268 sqft
2019-10-01 41 days 2,248 sqft
2019-11-01 49 days 2,220 sqft
2019-12-01 62 days 2,200 sqft
2020-01-01 63 days 2,180 sqft
2020-02-01 36 days 2,210 sqft
2020-03-01 27 days 2,248 sqft
2020-04-01 34 days 2,214 sqft
2020-05-01 43 days 2,221 sqft
2020-06-01 35 days 2,207 sqft
2020-07-01 30 days 2,130 sqft
2020-08-01 29 days 2,038 sqft
2020-09-01 25 days 1,932 sqft
2020-10-01 34 days 1,848 sqft
2020-11-01 39 days 1,788 sqft
2020-12-01 46 days 1,744 sqft
2021-01-01 47 days 1,673 sqft
2021-02-01 37 days 1,606 sqft
2021-03-01 30 days 1,673 sqft
2021-04-01 29 days 1,741 sqft
2021-05-01 28 days 1,808 sqft
2021-06-01 28 days 1,820 sqft
2021-07-01 30 days 1,816 sqft
2021-08-01 32 days 1,817 sqft
2021-09-01 33 days 1,786 sqft
2021-10-01 35 days 1,754 sqft
2021-11-01 40 days 1,690 sqft
2021-12-01 47 days 1,666 sqft
2022-01-01 47 days 1,620 sqft
2022-02-01 32 days 1,678 sqft
2022-03-01 26 days 1,750 sqft
2022-04-01 26 days 1,846 sqft
2022-05-01 25 days 1,929 sqft
2022-06-01 27 days 1,964 sqft
2022-07-01 31 days 1,988 sqft
2022-08-01 36 days 1,968 sqft
2022-09-01 39 days 1,935 sqft
2022-10-01 37 days 1,956 sqft
2022-11-01 43 days 1,943 sqft
2022-12-01 54 days 1,913 sqft
2023-01-01 59 days 1,905 sqft
2023-02-01 40 days 1,921 sqft
2023-03-01 34 days 1,960 sqft
2023-04-01 32 days 2,028 sqft
2023-05-01 30 days 2,069 sqft
2023-06-01 32 days 2,080 sqft
2023-07-01 34 days 2,071 sqft
2023-08-01 35 days 2,040 sqft
2023-09-01 35 days 2,022 sqft
2023-10-01 35 days 2,000 sqft
2023-11-01 39 days 1,990 sqft
2023-12-01 50 days 1,955 sqft
2024-01-01 53 days 1,921 sqft
2024-02-01 36 days 1,907 sqft
2024-03-01 31 days 1,906 sqft
Washington's median listing age (time on market) for 2024-03-01 was 31 days. This is -9% shorter than the same period one year ago.

Washington's median square footage for active listings during the 2024-03-01 period was 1,906 sqft. One year prior, the average listing was 1,960 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).