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 292 lenders originated 14,049 FHA loans during 2022. The total origination value was $5,822,335,000, with an average FHA loan value of $414,431.

Washington FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Washington averaged -0.55% for the week of 2023-11-24, compared to the national average (all FHA variants) of 0% for the same period.

Washington's average FHA mortgage closing costs are $10,966.

The average rate for the prior week (2023-11-17) was 6.54% and one month ago for the week of 2023-10-20, the average rate was 6.55%.

The average rate one year ago was 5.87%.

For refis of the same type during the week of 2023-11-24, the average rate was -1.75%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 1,026 4.44% $14,507
UNITED WHOLESALE MORTGAGE, LLC 709 4.74% $14,939
CALIBER HOME LOANS, INC. 441 4.57% $15,568
NVR Mortgage Finance, Inc. 390 4.34% $17,608
PENNYMAC LOAN SERVICES, LLC 365 3.87% $12,026
HOMESPIRE MORTGAGE CORPORATION 362 5.07% $14,745
LOANDEPOT.COM, LLC 324 4.28% $13,817
MOVEMENT MORTGAGE, LLC 318 4.99% $13,463
NFM, INC. 307 5.18% $14,883
FREEDOM MORTGAGE CORPORATION 294 4.43% $13,336
EMBRACE HOME LOANS, INC. 289 4.89% $13,823
HOMESIDE FINANCIAL, LLC 269 5.08% $14,034
CARDINAL FINANCIAL 253 4.73% $15,849
Mr. Cooper ( Nationstar Mortgage ) 253 4.16% $13,955
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 248 5.06% $13,989
FIRST HOME MORTGAGE CORPORATION 236 5.01% $16,437
HOME POINT FINANCIAL CORPORATION 216 4.34% $14,613
Towne Bank 208 4.61% $12,191
EAGLE HOME MORTGAGE, LLC 203 4.92% $16,017
MCLEAN MORTGAGE CORPORATION 169 4.75% $14,178
First Heritage Mortgage, LLC 160 5.05% $17,229
Carrington Mortgage Services, LLC 156 4.80% $15,183
Paramount Residential Mortgage Group, Inc. 145 5.26% $17,184
Prosperity Home Mortgage, LLC 130 5.27% $13,189
Atlantic Coast Mortgage, LLC 129 5.15% $15,250
INTERCOASTAL MORTGAGE COMPANY 127 4.53% $15,753
CROSSCOUNTRY MORTGAGE, LLC 127 5.03% $16,265
BROKER SOLUTIONS, INC. 124 5.04% $14,805
DRAPER AND KRAMER MORTGAGE CORP. 121 4.58% $14,782
AMERISAVE MORTGAGE CORPORATION 119 4.24% $16,198
Plains Commerce Bank 118 4.60% $15,231
NEWREZ LLC 113 4.57% $12,747
Vellum Mortgage, Inc. 111 5.08% $14,740
GUARANTEED RATE, INC. 106 4.53% $15,504
George Mason Mortgage, LLC 105 4.28% $14,115
Lakeview Community Capital, LLC 92 3.66% $8,431
CMG MORTGAGE, INC. 86 5.18% $14,398
LAKEVIEW LOAN SERVICING, LLC 86 3.55% $8,717
DHI MORTGAGE COMPANY, LTD. 81 3.96% $13,043
FINANCE OF AMERICA MORTGAGE LLC 78 4.65% $16,993
The Federal Savings Bank 76 4.51% $15,279
PRIMARY RESIDENTIAL MORTGAGE, INC. 76 5.02% $19,310
Integrity Home Mortgage Corp 74 4.80% $14,375
Sandy Spring Bank 74 4.93% $12,499
EagleBank 74 4.84% $12,064
Ameris Bank 73 4.80% $13,696
FIRST SAVINGS MORTGAGE CORPORATION 71 4.81% $15,094
Hometown Lenders, Inc. 68 4.97% $15,145
FIDELITY DIRECT MORTGAGE, LLC 66 5.14% $16,307
PLANET HOME LENDING, LLC 65 4.36% $12,677
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 62 5.18% $16,631
THE MORTGAGE LINK, INC. 61 4.69% $12,538
Capital Bank 57 4.85% $15,379
Presidential Bank, FSB 56 4.86% $14,591
HOMEBRIDGE FINANCIAL SERVICES, INC. 55 4.37% $16,409
M&T Bank 55 4.36% $12,022
EVERETT FINANCIAL, INC. 55 5.12% $10,342
PRIMELENDING, A PLAINSCAPITAL COMPANY 53 5.00% $16,110
INTERLINC MORTGAGE SERVICES, LLC 50 5.17% $11,471
WesBanco 50 5.07% $11,954
Flagstar Bank, FSB 47 4.80% $14,496
CBM Mortgage, Inc. 46 5.38% $12,958
Sierra Pacific Mortgage Company, Inc. 46 4.57% $13,783
Nations Lending Corporation 45 4.77% $16,156
PLAZA HOME MORTGAGE, INC. 45 4.82% $18,519
Waterstone Mortgage Corporation 44 4.99% $15,602
BAY CAPITAL MORTGAGE CORPORATION 40 4.80% $12,631
MY MORTGAGE, INC. 40 4.86% $14,873
OCMBC, INC. 38 4.88% $15,596
SECURITYNATIONAL MORTGAGE COMPANY 38 4.97% $14,292
MUTUAL OF OMAHA MORTGAGE, INC. 35 5.08% $17,307
ACADEMY MORTGAGE CORPORATION 35 4.84% $16,055
BAY EQUITY LLC 34 5.49% $14,529
NATIONS DIRECT MORTGAGE, LLC 31 4.47% $16,734
APEX HOME LOANS, INC. 30 4.49% $12,393
Equity Prime Mortgage LLC 29 5.19% $16,541
SWBC MORTGAGE CORPORATION 29 4.52% $14,100
DIRECT MORTGAGE LOANS, LLC 29 5.35% $12,478
PANORAMA MORTGAGE GROUP, LLC 29 5.36% $15,720
Shore United Bank 29 4.72% $13,157
BAYSHORE MORTGAGE FUNDING, LLC 28 4.97% $16,592
CHERRY CREEK MORTGAGE, LLC 28 5.51% $6,183
Truist 27 4.79% $12,011
UNIVERSAL MORTGAGE & FINANCE, INC. 27 5.16% $20,173
Blue Ridge Bank 27 4.77% $14,057
Financial Freedom Mortgage, LLC 26 5.10% $15,111
MILEND, INC. 26 4.41% $19,074
The Freedom Bank of Virginia 25 4.71% $12,387
First Option Mortgage, LLC 25 5.37% $15,785
UNION HOME MORTGAGE CORP. 25 4.94% $12,804
JAMS-01, INC. 25 4.69% $14,308
TIDEWATER MORTGAGE SERVICES, INC. 24 5.20% $15,398
Evolve Bank & Trust 24 5.15% $18,398
SUN WEST MORTGAGE COMPANY, INC. 24 5.01% $15,890
NETWORK CAPITAL FUNDING CORPORATION 24 4.46% $15,143
HOMEAMERICAN MORTGAGE CORPORATION 24 3.74% $14,642
GSF Mortgage Corporation 23 5.38% $17,580
ARK-LA-TEX FINANCIAL SERVICES, LLC. 23 4.59% $16,755
CERTAINTY HOME LOANS, LLC 22 5.64% $16,045
NATIONWIDE MORTGAGE BANKERS, INC. 22 5.47% $16,335
Alcova Mortgage LLC 22 5.19% $11,206
RELIANCE FIRST CAPITAL, LLC 22 5.19% $17,650
1ST FINANCIAL, INC. 22 5.18% $17,744
CAPITAL CENTER, L.L.C. 22 3.96% $7,850
AMERICAN BANCSHARES MORTGAGE 22 5.18% $14,581
1ST PREFERENCE MORTGAGE CORP. 22 4.09% $14,357
EMM LOANS LLC 21 4.91% $17,859
First Federal Bank 20 4.24% $13,303
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 20 5.54% $21,132
Meridian Bank Corporation 19 4.88% $12,445
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 19 5.20% $14,577
First Guaranty Mortgage Corporation 19 3.93% $13,211
GUARANTEED RATE AFFINITY, LLC 19 4.86% $14,132
Fulton Bank 18 4.51% $13,184
VILLAGE CAPITAL MORTGAGE 18 3.63% $9,785
STOCKTON MORTGAGE CORPORATION 18 4.47% $13,858
MLD MORTGAGE INC. 18 4.61% $15,204
MORTGAGE ACCESS CORP. 18 4.50% $13,664
PNC Bank 17 4.54% $11,972
PENTAGON FEDERAL CREDIT UNION 17 4.85% $11,305
SUCCESS MORTGAGE PARTNERS, INC. 17 4.87% $17,564
GEO-CORP, INC. 17 5.44% $15,474
Century Mortgage Company DBA Century Lending Company 16 3.94% $12,876
Mortgage Research Center, LLC 16 5.29% $10,391
Wells Fargo Bank 16 4.76% $8,947
ENVOY MORTGAGE, LTD 16 5.19% $17,213
STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED 16 4.84% $4,062
DAS Acquisition Company, LLC 14 5.65% $18,514
MICHIGAN MUTUAL, INC. 14 4.96% $16,397
T2 FINANCIAL LLC 14 5.32% $14,643
MID-ISLAND MORTGAGE CORP. 14 4.84% $14,403
U.S. Bank 13 4.87% $13,700
MILLENNIUM FINANCIAL GROUP, INC. 13 4.78% $14,850
Strong Home Mortgage, LLC 13 4.06% $13,885
ROUNDPOINT MORTGAGE SERVICING CORPORATION 13 4.35% $15,008
EQUITY RESOURCES, INC. 13 4.80% $12,425
CHURCHILL MORTGAGE CORPORATION 12 5.34% $16,339
Citizens Bank 12 5.05% $18,280
NP, Inc. 12 5.24% $15,227
SOUTHERN TRUST MORTGAGE, LLC 12 4.70% $18,949
C & F Mortgage Corporation 12 4.36% $12,285
First Home Bank 12 4.92% $20,336
NORWICH COMMERCIAL GROUP, INC. 12 5.17% $15,929
MDE Home Loans, LLC 11 4.86% $26,798
TJC Mortgage, Inc. 11 5.85% $15,154
CityWorth Mortgage LLC 11 4.88% $20,083
MANN FINANCIAL INC. 11 5.22% $13,978
Wyndham Capital Mortgage, Inc. 11 4.53% $11,044
JPMorgan Chase Bank 10 4.41% $9,270
FIRST EQUITY MORTGAGE INCORPORATED 10 3.88% $14,680
Virginia Credit Union, Inc. 10 5.46% $9,947
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 10 5.44% $11,857
Hometown Equity Mortgage, LLC 10 5.63% $14,723
ARC HOME LLC 10 4.59% $17,924
TOWNE MORTGAGE COMPANY 10 5.01% $10,818
US MORTGAGE CORPORATION 10 5.06% $22,786
OVM FINANCIAL, INC. 10 4.00% $12,397
Encompass Lending Group, LP 10 4.32% $14,297
LAND HOME FINANCIAL SERVICES, INC. 9 5.11% $15,390
Residential Mortgage Solutions, Inc. 9 4.54% $15,372
AmeriHome Mortgage Company, LLC 9 4.54% $11,559
Atlantic Union Bank 9 5.14% $12,297
Bank of America 9 4.63% $10,042
BECKAM FUNDING CORP. 8 5.58% $25,814
GUILD MORTGAGE COMPANY 8 5.14% $16,099
North American Savings Bank, F.S.B. 8 4.17% $11,265
JET HOMELOANS, LLC 8 5.31% $13,501
CONTOUR MORTGAGE CORPORATION 8 4.66% $17,917
LOANPAL, LLC 8 4.52% $14,892
LIBERTY HOME MORTGAGE CORPORATION 8 5.52% $13,858
SOUTHPOINT FINANCIAL SERVICES, INC. 8 4.78% $15,783
ZILLOW HOME LOANS, LLC 8 4.77% $10,262
Summit Mortgage Corporation 7 5.32% $11,771
Princeton Mortgage Corporation 7 4.18% $11,971
Bank of England 7 6.00% $16,412
VANDERBILT MORTGAGE AND FINANCE, INC. 7 3.88% $13,395
SOVEREIGN LENDING GROUP INCORPORATED 7 4.23% $9,865
ALLIED MORTGAGE GROUP, INC. 7 5.16% $13,332
AMERICAN FINANCIAL RESOURCES, INC. 7 5.57% $14,970
MISSION MORTGAGE LLC 7 4.68% $11,408
GENEVA FINANCIAL, LLC 6 6.13% $13,301
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 6 4.50% $10,852
INTELLILOAN, INC. 6 4.54% $14,277
LOANLEADERS OF AMERICA, INC. 6 5.04% $21,304
NATIONS RELIABLE LENDING, LLC 6 5.50% $15,140
PULTE MORTGAGE LLC 6 5.25% $12,234
RESIDENTIAL HOME FUNDING CORP. 6 4.65% $15,957
AMERICAN FINANCING CORPORATION 6 4.85% $10,925
THRIVE MORTGAGE, LLC 6 4.04% $17,983
UNITED MORTGAGE CORP 6 4.10% $11,908
ROSS MORTGAGE CORPORATION 5 5.30% $21,978
MORTGAGE SOLUTIONS OF COLORADO, LLC 5 5.65% $20,459
CREDIT UNION MORTGAGE ASSOCIATION, INC. 5 5.05% $8,441
MID AMERICA MORTGAGE, INC. 5 5.50% $13,964
Commerce Home Mortgage, Inc. 5 4.20% $11,542
Loan Simple, Inc. 5 5.08% $15,489
MORIA DEVELOPMENT, INC. 4 5.28% $13,576
Watermark Capital, Inc. 4 5.88% $19,411
LADERA LENDING, INC. 4 5.34% $14,494
RESIDENTIAL BANCORP 4 4.53% $11,191
Magnolia Bank 4 4.59% $15,809
Willamette Valley Bank 4 5.13% $14,490
Congressional Bank 4 4.50% $15,531
JOHNSON MORTGAGE COMPANY, L.L.C. 4 5.34% $20,038
Peoples Bank 4 4.78% $20,039
NORTHERN MORTGAGE SERVICES, LLC 3 5.54% $9,209
UNITED SECURITY FINANCIAL CORP 3 5.25% $13,578
Acre Mortgage and Financial Inc 3 5.88% $20,232
PHH Mortgage Corporation 3 5.00% $17,781
PREMIA MORTGAGE, LLC 3 3.63% $11,541
KELLER MORTGAGE, LLC 3 4.42% $13,419
VAN DYK MORTGAGE CORPORATION 3 5.13% $11,653
Northpointe Bank 3 5.21% $12,937
ABSOLUTE HOME MORTGAGE CORPORATION 3 4.21% $12,366
Shamrock Home Loans, Inc. 3 4.33% $10,236
Christensen Financial, Inc. 3 4.21% $11,318
MK LENDING CORP. 3 5.38% $23,772
Barrington Bank & Trust Company, N.A. 3 5.88% $9,578
FIRST ALLIANCE HOME MORTGAGE, LLC 2 5.81% $17,264
Citibank 2 4.38% $5,845
OCEANSIDE MORTGAGE COMPANY 2 4.63% $6,847
Austin Capital Bank SSB 2 5.44% $9,356
Sunflower Bank 2 5.13% $15,490
TBI MORTGAGE COMPANY 2 5.00% $15,976
Texana Bank 2 4.38% $13,336
ANGEL OAK HOME LOANS LLC 2 4.13% $11,738
FBC MORTGAGE, LLC 2 4.38% $10,151
Goldwater Bank, N.A. 2 5.31% $16,948
Gateway First Bank 2 4.00% $17,001
Florida Capital Bank 2 4.44% $13,607
FAY SERVICING, LLC 2 4.06% $12,552
CORNERSTONE HOME LENDING, INC. 2 4.25% $24,343
POLARIS HOME FUNDING CORP. 2 5.69% $11,256
NBKC BANK 2 4.13% $10,641
NATION ONE MORTGAGE CORPORATION 2 4.06% $13,557
AmRes Corporation 2 4.31% $15,264
VILLAGE BANK MORTGAGE CORPORATION 2 4.25% $8,513
First National Bank of Pennsylvania 2 5.06% $16,351
LEGEND LENDING CORPORATION 2 6.63% $18,003
NMSI, INC. 2 5.50% $21,140
NexBank 1 2.63% $12,368
NJ LENDERS CORP. 1 5.25% $12,799
CLEARPATH LENDING 1 3.75% $15,064
NEW DAY FINANCIAL, LLC 1 3.88% $8,240
OAKTREE FUNDING CORP. 1 4.88% $16,129
ON Q FINANCIAL, INC. 1 7.25% $10,833
ONY GLO, INC. 1 5.13% $11,030
NASA Federal Credit Union 1 5.13% $11,843
BNC National Bank 1 4.63% $9,380
CANOPY MORTGAGE, LLC 1 6.63% $16,136
PATRIOT 1 5.00% $10,239
Assurance Financial Group, L.L.C. 1 4.63% $14,310
Capital City Home Loans, LLC 1 5.25% $10,244
PIKE CREEK MORTGAGE SERVICES, INC. 1 4.13% $14,517
Mortgage Network, Inc. 1 3.63% $6,051
Poli Mortgage Group, Inc. 1 4.63% $14,723
PREMIER LENDING, INC. 1 3.75% $9,881
Amerifirst Financial, Inc. 1 3.75% $9,288
MIDLAND MORTGAGE CORPORATION 1 4.25% $8,331
American Security Mortgage Corp. 1 4.13% $10,196
West Town Bank & Trust 1 6.13% $14,387
AMERICAN PACIFIC MORTGAGE CORPORATION 1 4.75% $18,102
RANLIFE, INC. 1 5.38% $13,920
RESOURCE FINANCIAL SERVICES, INC. 1 4.25% $11,155
Royal Credit Union 1 4.25% $11,563
ROYAL UNITED MORTGAGE LLC 1 5.63% $9,941
S1L, Inc. 1 3.88% $8,950
American Mortgage & Equity Consultants, Inc. 1 5.75% $15,391
WRIGHT-PATT CREDIT UNION, INC. 1 6.63% $8,875
Semper Home Loans, Inc. 1 5.25% $14,911
SIWELL, INC. 1 3.63% $8,321
SOUTHWEST STAGE FUNDING, LLC 1 3.25% $5,217
Specialized Loan Servicing LLC 1 2.38% $8,174
JET DIRECT FUNDING CORP 1 3.75% $22,464
INLAND BANK & TRUST 1 4.88% $17,389
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 5.25% $12,707
HOMESTAR FINANCIAL CORPORATION 1 6.25% $13,059
AMERICAN ADVISORS GROUP 1 5.50% $21,432
Homesale Mortgage, LLC 1 4.38% $13,548
TD Bank 1 4.38% $11,726
AMCAP MORTGAGE, LTD. 1 5.63% $24,749
Colonial Savings, F.A. 1 5.38% $23,466
The Huntington National Bank 1 5.50% $15,066
GREENWAY MORTGAGE FUNDING CORP. 1 7.25% $26,633
Cornerstone First Mortgage, Inc 1 5.63% $10,720
Univest Bank and Trust Co. 1 3.00% $10,177
FIRST STATE MORTGAGE SERVICES, LLC 1 3.63% $26,494
Credence Funding Corporation 1 4.88% $15,016
First Savings Bank 1 3.00% $16,815
ACOPIA, LLC 1 5.75% $10,744
DEVELOPER'S MORTGAGE COMPANY 1 4.75% $5,362
NEXERA HOLDING LLC 1 6.25% $60,157

The top Washington FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 1,026 FHA loans originated. Their average total fees are $14,507, which is $433 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 ($4,062), CHERRY CREEK MORTGAGE, LLC ($6,183), CAPITAL CENTER, L.L.C. ($7,850), Lakeview Community Capital, LLC ($8,431) and LAKEVIEW LOAN SERVICING, LLC ($8,717).

The lowest rate Washington FHA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC (3.55%), VILLAGE CAPITAL MORTGAGE (3.63%), Lakeview Community Capital, LLC (3.66%), HOMEAMERICAN MORTGAGE CORPORATION (3.74%) and PENNYMAC LOAN SERVICES, LLC (3.87%).

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 $429,997 (1.9%) $635,026 (1.2%) 1.59 12,364
2018-02-01 $442,000 (2.3%) $648,218 (0.7%) 1.61 12,224
2018-03-01 $464,933 (3.8%) $663,665 (0.8%) 1.63 13,631
2018-04-01 $475,000 (3.3%) $674,717 (1.1%) 1.61 15,540
2018-05-01 $474,950 (2.1%) $675,540 (1.6%) 1.59 16,855
2018-06-01 $475,000 (1.6%) $672,832 (1.9%) 1.58 17,471
2018-07-01 $463,000 (0.7%) $655,034 (0.9%) 1.55 17,909
2018-08-01 $449,950 (0.3%) $636,202 (1.0%) 1.51 17,949
2018-09-01 $449,900 (0.0%) $632,270 (-0.5%) 1.51 18,591
2018-10-01 $449,900 (0.2%) $633,424 (-0.6%) 1.52 18,698
2018-11-01 $444,950 (1.2%) $632,549 (-0.1%) 1.51 17,512
2018-12-01 $434,900 (1.2%) $631,653 (0.2%) 1.50 14,345
2019-01-01 $432,450 (0.6%) $637,290 (0.4%) 1.49 12,155
2019-02-01 $446,825 (1.1%) $654,050 (0.9%) 1.51 11,841
2019-03-01 $462,857 (-0.5%) $670,417 (1.0%) 1.51 12,887
2019-04-01 $478,966 (0.8%) $683,086 (1.2%) 1.52 14,131
2019-05-01 $487,000 (2.5%) $689,051 (2.0%) 1.52 15,308
2019-06-01 $485,000 (2.1%) $685,736 (1.9%) 1.52 15,948
2019-07-01 $475,000 (2.6%) $671,474 (2.5%) 1.49 15,790
2019-08-01 $475,000 (5.6%) $675,665 (6.2%) 1.50 15,560
2019-09-01 $475,000 (5.6%) $684,267 (8.2%) 1.52 15,420
2019-10-01 $475,000 (5.6%) $690,558 (9.0%) 1.53 15,261
2019-11-01 $474,990 (6.8%) $697,761 (10.3%) 1.56 13,862
2019-12-01 $469,900 (8.1%) $707,230 (12.0%) 1.57 10,993
2020-01-01 $466,497 (7.9%) $715,343 (12.3%) 1.56 9,526
2020-02-01 $480,762 (7.6%) $739,298 (13.0%) 1.58 9,272
2020-03-01 $501,495 (8.4%) $762,464 (13.7%) 1.57 9,919
2020-04-01 $499,900 (4.4%) $736,987 (7.9%) 1.57 10,557
2020-05-01 $509,000 (4.5%) $757,173 (9.9%) 1.55 10,599
2020-06-01 $527,450 (8.8%) $782,308 (14.1%) 1.55 9,951
2020-07-01 $527,450 (11.0%) $792,497 (18.0%) 1.53 9,131
2020-08-01 $525,000 (10.5%) $794,824 (17.6%) 1.50 8,810
2020-09-01 $517,000 (8.8%) $788,697 (15.3%) 1.48 9,236
2020-10-01 $499,990 (5.3%) $768,592 (11.3%) 1.43 9,644
2020-11-01 $499,900 (5.2%) $781,985 (12.1%) 1.46 9,133
2020-12-01 $495,995 (5.6%) $795,475 (12.5%) 1.48 7,601
2021-01-01 $485,000 (4.0%) $815,076 (13.9%) 1.45 6,446
2021-02-01 $489,450 (1.8%) $818,119 (10.7%) 1.43 5,880
2021-03-01 $492,500 (-1.8%) $795,604 (4.4%) 1.40 6,511
2021-04-01 $503,863 (0.8%) $794,123 (7.8%) 1.36 7,116
2021-05-01 $515,000 (1.2%) $787,678 (4.0%) 1.37 7,915
2021-06-01 $524,923 (-0.5%) $777,767 (-0.6%) 1.38 9,074
2021-07-01 $510,000 (-3.3%) $749,490 (-5.4%) 1.35 10,152
2021-08-01 $502,495 (-4.3%) $733,748 (-7.7%) 1.34 10,312
2021-09-01 $504,950 (-2.3%) $733,984 (-6.9%) 1.35 10,805
2021-10-01 $505,000 (1.0%) $736,563 (-4.2%) 1.35 10,442
2021-11-01 $501,560 (0.3%) $745,418 (-4.7%) 1.34 8,637
2021-12-01 $499,950 (0.8%) $763,561 (-4.0%) 1.36 6,569
2022-01-01 $500,000 (3.1%) $803,263 (-1.5%) 1.35 5,142
2022-02-01 $527,500 (7.8%) $826,913 (1.1%) 1.37 4,964
2022-03-01 $544,900 (10.6%) $828,495 (4.1%) 1.36 5,430
2022-04-01 $565,000 (12.1%) $821,970 (3.5%) 1.35 6,159
2022-05-01 $585,000 (13.6%) $833,785 (5.9%) 1.34 7,905
2022-06-01 $590,335 (12.5%) $819,803 (5.4%) 1.31 9,269
2022-07-01 $580,000 (13.7%) $801,278 (6.9%) 1.31 10,492
2022-08-01 $570,000 (13.4%) $784,960 (7.0%) 1.32 10,397
2022-09-01 $569,950 (12.9%) $784,921 (6.9%) 1.33 10,501
2022-10-01 $574,000 (13.7%) $794,380 (7.9%) 1.35 10,800
2022-11-01 $565,000 (12.7%) $800,020 (7.3%) 1.36 10,326
2022-12-01 $559,900 (12.0%) $813,966 (6.6%) 1.38 8,232
2023-01-01 $567,950 (13.6%) $842,216 (4.9%) 1.41 6,815
2023-02-01 $584,500 (10.8%) $879,916 (6.4%) 1.41 6,122
2023-03-01 $599,450 (10.0%) $907,680 (9.6%) 1.41 6,200
2023-04-01 $620,990 (9.9%) $936,543 (13.9%) 1.44 6,477
2023-05-01 $639,423 (9.3%) $959,970 (15.1%) 1.45 6,675
2023-06-01 $644,485 (9.2%) $960,214 (17.1%) 1.45 6,836
2023-07-01 $635,000 (9.5%) $935,719 (16.8%) 1.44 7,183
2023-08-01 $615,000 (7.9%) $912,225 (16.2%) 1.41 7,166
2023-09-01 $615,000 (7.9%) $914,848 (16.6%) 1.43 7,960
2023-10-01 $599,995 (4.5%) $913,239 (15.0%) 1.41 8,407
Washington's median listing price for 2023-10-01 was $599,995, a difference of $25,995 (4.5%) versus the prior year and $-15,005 versus the prior month.

Washington's median listing price comes in at 141% of the national average.

Washington's average listing price for 2023-10-01 was $913,239, a difference of $118,859 (15.0%) versus the prior year and $-1,609 versus the prior month.

For the 2023-10-01 period, Washington had 8,407 MLS listings, a difference of 447 listings (6%) versus the prior month and -2,393 listings (-22%) 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 2,042 sqft
2018-02-01 49 days 2,083 sqft
2018-03-01 33 days 2,111 sqft
2018-04-01 31 days 2,124 sqft
2018-05-01 31 days 2,137 sqft
2018-06-01 37 days 2,255 sqft
2018-07-01 43 days 2,212 sqft
2018-08-01 44 days 2,171 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 2,134 sqft
2019-01-01 67 days 2,155 sqft
2019-02-01 50 days 2,195 sqft
2019-03-01 38 days 2,260 sqft
2019-04-01 30 days 2,312 sqft
2019-05-01 31 days 2,328 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 2,249 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 2,209 sqft
2020-03-01 27 days 2,247 sqft
2020-04-01 34 days 2,213 sqft
2020-05-01 42 days 2,221 sqft
2020-06-01 35 days 2,206 sqft
2020-07-01 30 days 2,128 sqft
2020-08-01 29 days 2,035 sqft
2020-09-01 25 days 1,929 sqft
2020-10-01 34 days 1,846 sqft
2020-11-01 39 days 1,786 sqft
2020-12-01 46 days 1,743 sqft
2021-01-01 47 days 1,668 sqft
2021-02-01 37 days 1,606 sqft
2021-03-01 30 days 1,672 sqft
2021-04-01 29 days 1,739 sqft
2021-05-01 28 days 1,807 sqft
2021-06-01 28 days 1,819 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 1,691 sqft
2021-12-01 47 days 1,666 sqft
2022-01-01 47 days 1,621 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 1,987 sqft
2022-08-01 36 days 1,968 sqft
2022-09-01 39 days 1,937 sqft
2022-10-01 37 days 1,957 sqft
2022-11-01 43 days 1,944 sqft
2022-12-01 54 days 1,913 sqft
2023-01-01 59 days 1,906 sqft
2023-02-01 40 days 1,924 sqft
2023-03-01 34 days 1,961 sqft
2023-04-01 32 days 2,028 sqft
2023-05-01 30 days 2,073 sqft
2023-06-01 32 days 2,081 sqft
2023-07-01 34 days 2,072 sqft
2023-08-01 35 days 2,041 sqft
2023-09-01 35 days 2,022 sqft
2023-10-01 35 days 2,000 sqft
Washington's median listing age (time on market) for 2023-10-01 was 35 days. This is -7% shorter than the same period one year ago.

Washington's median square footage for active listings during the 2023-10-01 period was 2,000 sqft. One year prior, the average listing was 1,957 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).