Washington FHA Loans

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 305 lenders originated 28,943 FHA loans during 2021. The total origination value was $10,949,265,000, with an average FHA loan value of $378,304.

Washington FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Washington averaged 4.96% for the week of 2022-05-13, compared to the national average (all FHA variants) of 5.361% for the same period.

The average rate for the prior week (2022-05-06) was 5.19% and one month ago for the week of 2022-04-08, the average rate was 4.66%.

The average rate one year ago was 3.07%.

For refis of the same type during the week of 2022-05-13, the average rate was 4.85%.

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 and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Washington level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 1,986 2.65% $9,064
FREEDOM MORTGAGE CORPORATION 1,244 2.68% $7,674
PENNYMAC LOAN SERVICES, LLC 1,214 2.87% $7,427
CALIBER HOME LOANS, INC. 1,089 2.79% $10,473
Mr. Cooper ( Nationstar Mortgage ) 889 3.02% $7,035
HOMESPIRE MORTGAGE CORPORATION 785 3.14% $11,382
UNITED WHOLESALE MORTGAGE, LLC 732 2.77% $12,154
HOMESIDE FINANCIAL, LLC 648 3.15% $11,325
AMERICAN FINANCIAL NETWORK, INC. 636 3.21% $18,610
LAKEVIEW LOAN SERVICING, LLC 509 2.83% $7,102
FIRST HOME MORTGAGE CORPORATION 499 3.09% $12,505
Lakeview Community Capital, LLC 448 2.83% $6,905
HOME POINT FINANCIAL CORPORATION 441 2.75% $11,066
First Heritage Mortgage, LLC 415 2.95% $12,263
EMBRACE HOME LOANS, INC. 411 3.01% $10,854
MOVEMENT MORTGAGE, LLC 401 3.07% $9,774
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 376 3.14% $11,675
Carrington Mortgage Services, LLC 375 3.20% $10,395
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 355 2.91% $12,539
George Mason Mortgage, LLC 354 2.91% $11,837
NFM, INC. 349 3.23% $12,105
NVR Mortgage Finance, Inc. 335 3.02% $14,685
NEWREZ LLC 334 2.85% $8,118
HOMEBRIDGE FINANCIAL SERVICES, INC. 316 2.72% $10,065
MCLEAN MORTGAGE CORPORATION 316 2.82% $11,583
Prosperity Home Mortgage, LLC 306 3.31% $11,287
LOANDEPOT.COM, LLC 253 2.86% $11,117
EAGLE HOME MORTGAGE, LLC 239 3.31% $12,718
Paramount Residential Mortgage Group, Inc. 236 3.39% $13,602
Vellum Mortgage, Inc. 220 3.12% $10,988
Towne Bank 212 2.73% $10,642
CROSSCOUNTRY MORTGAGE, LLC 202 3.00% $12,874
Ameris Bank 194 3.06% $10,709
DRAPER AND KRAMER MORTGAGE CORP. 186 3.02% $11,038
INTERCOASTAL MORTGAGE COMPANY 186 2.86% $12,066
First Guaranty Mortgage Corporation 178 2.81% $8,425
EagleBank 176 2.74% $10,532
Atlantic Coast Mortgage, LLC 162 3.00% $12,607
GUARANTEED RATE, INC. 162 2.86% $12,549
AMERISAVE MORTGAGE CORPORATION 157 2.89% $10,900
VILLAGE CAPITAL & INVESTMENT LLC 156 2.76% $4,723
PLANET HOME LENDING, LLC 153 2.96% $10,150
BROKER SOLUTIONS, INC. 147 3.10% $11,581
The Federal Savings Bank 139 2.91% $12,248
Integrity Home Mortgage Corp 135 3.02% $10,985
Sandy Spring Bank 133 2.98% $11,555
Plains Commerce Bank 127 2.76% $12,159
AmeriHome Mortgage Company, LLC 127 2.81% $7,377
FIDELITY DIRECT MORTGAGE, LLC 124 3.09% $12,176
Manufacturers and Traders Trust Company 120 2.83% $10,845
PRIMARY RESIDENTIAL MORTGAGE, INC. 117 3.41% $15,214
OCMBC, INC. 111 3.20% $13,420
Home Mortgage Alliance Corp 110 3.22% $13,023
InterContinental Capital Group, Inc 107 2.88% $10,858
APEX HOME LOANS, INC. 106 2.90% $11,417
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 103 3.18% $12,701
1ST PREFERENCE MORTGAGE CORP. 99 3.17% $12,330
FIRST SAVINGS MORTGAGE CORPORATION 98 2.98% $12,889
PRIMELENDING, A PLAINSCAPITAL COMPANY 97 3.20% $11,538
BAY CAPITAL MORTGAGE CORPORATION 94 2.81% $10,491
Capital Bank 89 3.09% $13,280
Presidential Bank, FSB 89 2.95% $11,471
C & F Mortgage Corporation 84 3.03% $10,479
DHI MORTGAGE COMPANY, LTD. 82 2.70% $11,450
SUN WEST MORTGAGE COMPANY, INC. 80 3.00% $12,209
Hometown Lenders, Inc. 79 3.34% $13,356
Blue Ridge Bank 78 3.06% $11,774
Meridian Bank Corporation 78 2.76% $10,898
SWBC MORTGAGE CORPORATION 76 3.18% $10,284
SECURITYNATIONAL MORTGAGE COMPANY 75 3.20% $11,192
PLAZA HOME MORTGAGE, INC. 74 2.96% $14,073
CBM Mortgage, Inc. 73 3.11% $9,799
WesBanco Bank, Inc. 73 3.11% $10,500
Evolve Bank & Trust 69 3.68% $15,425
DIRECT MORTGAGE LOANS, LLC 69 3.44% $11,059
Sierra Pacific Mortgage Company, Inc. 68 2.92% $11,165
FINANCE OF AMERICA MORTGAGE LLC 61 2.75% $10,729
Waterstone Mortgage Corporation 56 3.07% $12,928
ACADEMY MORTGAGE CORPORATION 54 2.86% $13,654
BAYSHORE MORTGAGE FUNDING, LLC 51 2.94% $11,936
UNIVERSAL MORTGAGE & FINANCE, INC. 51 3.25% $15,086
THRIVE MORTGAGE, LLC 51 2.69% $10,737
NATIONS DIRECT MORTGAGE, LLC 49 3.20% $14,438
Financial Freedom Mortgage, LLC 48 3.17% $13,012
Nations Lending Corporation 47 3.09% $14,257
1ST FINANCIAL, INC. 46 3.21% $11,632
SOUTHERN TRUST MORTGAGE, LLC 44 3.00% $7,572
SEVERN SAVINGS BANK, FSB DBA SEVERN BANK 41 2.88% $10,785
CMG MORTGAGE, INC. 41 2.94% $13,146
MORTGAGE ACCESS CORP. 39 3.13% $10,755
Alcova Mortgage LLC 37 3.00% $8,736
ARK-LA-TEX FINANCIAL SERVICES, LLC. 36 2.90% $11,887
THE MORTGAGE LINK, INC. 35 2.90% $10,481
Commerce Home Mortgage, Inc. 35 3.29% $14,995
UNION HOME MORTGAGE CORP. 33 2.71% $12,795
First Option Mortgage, LLC 33 3.42% $13,356
NORWICH COMMERCIAL GROUP, INC. 33 3.47% $15,849
First Federal Bank 32 3.27% $12,642
GUARANTEED RATE AFFINITY, LLC 32 2.70% $10,821
HOMEAMERICAN MORTGAGE CORPORATION 31 2.85% $9,968
EQUITY RESOURCES, INC. 31 2.96% $10,298
Residential Mortgage Solutions, Inc. 31 2.73% $10,499
RELIANCE FIRST CAPITAL, LLC 30 3.04% $13,097
MUTUAL OF OMAHA MORTGAGE, INC. 30 2.88% $12,051
GSF Mortgage Corporation 30 3.06% $12,151
Keystone Funding, Inc. 28 2.87% $11,466
Hometown Equity Mortgage, LLC 27 3.41% $13,835
LAND HOME FINANCIAL SERVICES, INC. 27 3.44% $14,785
Truist Bank 27 2.96% $11,546
MLD MORTGAGE INC. 27 2.95% $11,359
PANORAMA MORTGAGE GROUP, LLC 26 3.39% $11,830
CONTOUR MORTGAGE CORPORATION 26 3.25% $11,690
JAMS-01, INC. 26 2.70% $12,754
EVERETT FINANCIAL, INC. 26 3.42% $11,182
ENVOY MORTGAGE, LTD 25 3.08% $12,310
PNC Bank 24 2.88% $9,113
MID-ISLAND MORTGAGE CORP. 23 2.89% $10,482
STOCKTON MORTGAGE CORPORATION 23 2.87% $10,258
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 23 3.05% $11,014
GEO-CORP, INC. 23 2.90% $13,227
MID AMERICA MORTGAGE, INC. 22 3.07% $7,184
SOVEREIGN LENDING GROUP INCORPORATED 22 2.76% $9,986
Bank of America 22 3.16% $8,292
MICHIGAN MUTUAL, INC. 20 3.37% $12,427
NP, Inc. 20 3.11% $13,252
Citizens Bank 19 2.68% $11,933
ARC HOME LLC 19 2.91% $11,347
Flagstar Bank, FSB 19 2.72% $11,095
OCEANSIDE MORTGAGE COMPANY 18 2.69% $5,316
ROUNDPOINT MORTGAGE SERVICING CORPORATION 18 3.16% $10,827
INTERLINC MORTGAGE SERVICES, LLC 18 3.26% $8,492
First Home Bank 18 3.01% $11,507
TJC Mortgage, Inc. 18 2.94% $9,997
MILEND, INC. 18 2.79% $13,122
FIRST EQUITY MORTGAGE INCORPORATED 18 2.72% $11,737
ABSOLUTE HOME MORTGAGE CORPORATION 18 2.80% $8,840
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 17 3.18% $15,260
TIDEWATER MORTGAGE SERVICES, INC. 17 3.18% $11,218
CHURCHILL MORTGAGE CORPORATION 17 2.74% $11,265
Virginia Credit Union, Inc. 17 3.02% $8,936
Equity Prime Mortgage LLC 17 3.15% $10,842
Atlantic Union Bank 16 3.00% $10,905
GUILD MORTGAGE COMPANY 16 2.87% $9,227
MANN FINANCIAL INC. 16 2.80% $11,533
Fulton Bank 16 3.13% $12,661
NATIONWIDE MORTGAGE BANKERS, INC. 15 3.32% $11,753
T2 FINANCIAL LLC 15 3.58% $12,120
EMM LOANS LLC 15 2.77% $15,325
RESIDENTIAL HOME FUNDING CORP. 15 3.36% $12,278
ZILLOW HOME LOANS, LLC 14 2.76% $9,087
PULTE MORTGAGE LLC 14 3.21% $11,574
RESIDENTIAL MORTGAGE SERVICES, INC. 14 3.00% $12,591
SUCCESS MORTGAGE PARTNERS, INC. 14 2.96% $11,115
ALLIED MORTGAGE GROUP, INC. 14 2.79% $15,607
DAS Acquisition Company, LLC 13 3.29% $10,477
Summit Mortgage Corporation 13 3.08% $9,382
AMERICAN PACIFIC MORTGAGE CORPORATION 13 2.87% $11,890
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 13 2.98% $10,546
PARKSIDE LENDING, LLC 13 2.77% $10,992
MORIA DEVELOPMENT, INC. 12 3.55% $12,145
NETWORK CAPITAL FUNDING CORPORATION 12 3.32% $11,577
US MORTGAGE CORPORATION 12 2.94% $17,189
MILLENNIUM FINANCIAL GROUP, INC. 12 2.84% $10,244
Mortgage Research Center, LLC 12 3.11% $8,578
JET HOMELOANS, LLC 11 3.17% $15,673
AMERICAN FINANCIAL RESOURCES, INC. 11 3.58% $11,941
Magnolia Bank 11 2.88% $10,514
Strong Home Mortgage, LLC 11 2.64% $7,604
MISSION MORTGAGE LLC 11 3.31% $11,821
U.S. Bank 10 2.73% $11,730
JPMorgan Chase Bank 10 2.93% $7,934
Assurance Financial Group, L.L.C. 10 3.13% $10,570
Congressional Bank 10 2.80% $10,447
Low VA Rates, LLC 10 2.66% $6,337
Princeton Mortgage Corporation 10 3.14% $11,255
Bank of England 9 3.64% $12,362
STEARNS LENDING, LLC 9 2.60% $11,544
STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED 9 3.11% $3,878
AMERICAN FINANCING CORPORATION 8 3.06% $9,985
KELLER MORTGAGE, LLC 8 2.66% $9,254
FAY SERVICING, LLC 8 3.06% $9,656
ANGEL OAK HOME LOANS LLC 8 3.48% $10,383
ROSS MORTGAGE CORPORATION 7 3.88% $12,298
Northpointe Bank 7 3.00% $14,240
JOHNSON MORTGAGE COMPANY, L.L.C. 7 2.59% $12,766
VAN DYK MORTGAGE CORPORATION 7 3.05% $8,479
OVM FINANCIAL, INC. 7 3.16% $10,934
CREDIT UNION MORTGAGE ASSOCIATION, INC. 7 2.70% $10,875
UNITED SECURITY FINANCIAL CORP 7 2.71% $8,750
LOANLEADERS OF AMERICA, INC. 6 2.96% $13,224
Prime Choice Funding Inc. 6 2.85% $9,088
SOUTHPOINT FINANCIAL SERVICES, INC. 6 2.75% $14,629
RESIDENTIAL BANCORP. 6 2.96% $8,613
MDE Home Loans, LLC 6 3.19% $18,785
CAPITAL CENTER, L.L.C. 6 2.77% $7,123
Wyndham Capital Mortgage, Inc. 6 2.71% $7,371
PHH Mortgage Corporation 6 2.88% $9,339
RUOFF MORTGAGE COMPANY, INC. 5 3.05% $7,831
Barrington Bank & Trust Company, N.A. 5 2.86% $8,723
Century Mortgage Company DBA Century Lending Company 5 2.70% $10,677
Acre Mortgage and Financial Inc 5 3.28% $13,168
Wells Fargo Bank 5 3.00% $9,025
North American Savings Bank, F.S.B. 5 2.63% $8,116
LADERA LENDING, INC. 5 2.70% $9,452
Victorian Finance, LLC 5 3.18% $10,164
LOANPAL, LLC 5 2.75% $13,145
LIBERTY HOME MORTGAGE CORPORATION 5 2.50% $14,954
CELEBRITY HOME LOANS, LLC 5 2.98% $13,487
Gateway First Bank 5 3.38% $7,153
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 5 3.20% $11,194
VANDERBILT MORTGAGE AND FINANCE, INC. 5 2.90% $9,275
FBC MORTGAGE, LLC 5 2.80% $6,802
MORTGAGE EQUITY PARTNERS LLC 5 2.63% $12,983
CORNERSTONE HOME LENDING, INC. 4 3.13% $15,175
INTELLILOAN, INC. 4 3.25% $14,221
FAMILY FIRST FUNDING LLC 4 3.66% $14,508
GUARANTY HOME MORTGAGE CORPORATION 4 2.81% $11,336
MIDLAND MORTGAGE CORPORATION 4 2.81% $12,044
TOWNE MORTGAGE COMPANY 3 3.54% $16,645
NASA Federal Credit Union 3 2.92% $11,644
IAPPROVE LENDING 3 2.79% $1,532
BEST CAPITAL FUNDING 3 2.79% $10,823
NMSI, INC. 3 2.71% $14,626
CLEARPATH LENDING 3 2.92% $6,190
BECKAM FUNDING CORP. 3 3.54% $20,862
HANCOCK MORTGAGE PARTNERS, LLC 3 3.21% $13,087
Ixonia Bank 3 2.92% $7,829
Credence Funding Corporation 3 2.58% $6,226
PENTAGON FEDERAL CREDIT UNION 3 2.46% $8,584
First Savings Bank 3 3.29% $15,139
PREMIA MORTGAGE, LLC 3 2.58% $10,521
JAMES B. NUTTER & COMPANY 3 2.79% $4,593
NATIONS RELIABLE LENDING, LLC 3 3.58% $14,578
FLAT BRANCH MORTGAGE, INC. 2 3.25% $18,047
LEADERONE FINANCIAL CORPORATION 2 3.38% $13,721
LENDING 3, INC. 2 3.31% $4,842
LENOX FINANCIAL MORTGAGE CORPORATION 2 3.13% $9,241
CityWorth Mortgage LLC 2 3.13% $17,894
BETTER MORTGAGE CORPORATION 2 2.94% $10,547
BELEM SERVICING LLC 2 2.94% $13,658
NORTHERN MORTGAGE SERVICES, LLC 2 2.94% $10,364
Paramount Bank 2 2.50% $10,506
Austin Capital Bank SSB 2 2.87% $6,470
Goldwater Bank, N.A. 2 3.00% $11,629
POLARIS HOME FUNDING CORP. 2 3.00% $16,463
GENEVA FINANCIAL, LLC 2 2.88% $8,688
RANLIFE, INC. 2 3.13% $11,852
Florida Capital Bank 2 2.88% $13,754
Amerifirst Financial, Inc. 2 3.31% $9,318
American Security Mortgage Corp. 2 2.63% $9,754
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 2 3.06% $13,232
TD Bank 2 2.88% $8,959
DATA MORTGAGE, INC. 2 3.31% $13,456
TIAA, FSB 2 2.56% $8,512
Tidewater Home Funding, LLC 2 2.88% $7,619
AMERICAN ADVISORS GROUP 2 3.13% $9,914
First National Bank of Pennsylvania 1 2.50% $10,700
West Town Bank & Trust 1 2.88% $8,959
First Midwest Bank 1 2.25% $5,768
PLUS RELOCATION MORTGAGE, LLC 1 2.63% $14,628
Atlantic Home Loans, Inc. 1 3.75% $9,314
Peoples Bank 1 3.75% $9,989
OPEN MORTGAGE, LLC 1 2.75% $16,530
ONY GLO, INC. 1 4.13% $11,815
NEXERA HOLDING LLC 1 2.75% $9,834
Sunflower Bank 1 3.13% $16,942
NEW DAY FINANCIAL, LLC 1 2.75% $11,011
Capital City Home Loans, LLC 1 2.75% $8,550
NBKC BANK 1 2.75% $9,319
MASON MCDUFFIE MORTGAGE CORPORATION 1 3.25% $15,466
The Central Trust Bank 1 3.00% $20,584
HomePromise Corporation 1 2.88% $14,980
LENDUS, LLC 1 3.88% $13,802
NATIONWIDE EQUITIES CORPORATION 1 3.25% $8,845
CERTAINTY HOME LOANS, LLC 1 3.25% $9,396
Cf Bank 1 2.25% $9,429
FIRST COMMUNITY MORTGAGE, INC. 1 3.25% $13,282
First Bank 1 3.25% $7,256
KS StateBank 1 2.75% $11,792
Bethpage Federal Credit Union 1 3.13% $2,383
Triumph Bank 1 2.25% $13,416
East Coast Capital Corp. 1 2.50% $21,524
Fifth Third Bank 1 2.88% $14,041
Union Savings Bank 1 2.50% $14,080
UNITED MORTGAGE CORP. 1 2.50% $14,968
UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 2.38% $8,647
BNC National Bank 1 2.88% $14,866
BOND STREET MORTGAGE, LLC 1 2.63% $13,706
Allied First Bank,sb 1 2.38% $6,923
Mortgage Assurance Inc. 1 2.50% $13,137
Citibank 1 3.13% $7,166
INLAND BANK & TRUST 1 3.88% $14,608
Mid Penn Bank 1 2.99% $13,235
Fidelity Bank 1 2.88% $7,171
Christensen Financial, Inc. 1 3.13% $12,711
Advisors Mortgage Group, L.L.C. 1 2.63% $9,020
CHERRY CREEK MORTGAGE, LLC 1 3.88% $0
JET DIRECT FUNDING CORP 1 3.13% $15,940
Willamette Valley Bank 1 3.25% $7,294
Renasant Bank 1 2.99% $7,683
AmRes Corporation 1 2.75% $6,868
Watermark Capital, Inc. 1 2.50% $10,309
F & M BANK CORP. 1 3.25% $8,594
Shamrock Home Loans, Inc. 1 3.38% $11,212
Member Options, LLC 1 2.62% $5,918

The top Washington FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 1,986 FHA loans originated. Their average total fees are $9,064, which is $1,390 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

The lowest fee Washington FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL & INVESTMENT LLC ($4,723), OCEANSIDE MORTGAGE COMPANY ($5,316), Low VA Rates, LLC ($6,337), Lakeview Community Capital, LLC ($6,905) and Mr. Cooper ( Nationstar Mortgage ) ($7,035).

The lowest rate Washington FHA lenders (with over 10 loans originated) are Strong Home Mortgage, LLC (2.64%), QUICKEN LOANS, LLC (2.65%), Low VA Rates, LLC (2.66%), Citizens Bank (2.68%) and FREEDOM MORTGAGE CORPORATION (2.68%).

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

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 $430,040 (1.8%) $642,544 (1.8%) 1.58 12,254
2018-02-01 $442,888 (2.4%) $657,015 (1.3%) 1.60 12,100
2018-03-01 $464,900 (3.4%) $670,536 (1.3%) 1.61 13,471
2018-04-01 $474,999 (2.2%) $680,805 (1.7%) 1.59 15,372
2018-05-01 $475,000 (1.3%) $681,457 (2.0%) 1.58 16,663
2018-06-01 $475,000 (1.3%) $677,481 (2.3%) 1.58 17,313
2018-07-01 $465,450 (1.2%) $660,538 (1.6%) 1.55 17,706
2018-08-01 $449,950 (0.1%) $640,743 (1.6%) 1.50 17,781
2018-09-01 $449,900 (0.0%) $638,911 (0.2%) 1.50 18,409
2018-10-01 $449,910 (0.2%) $640,352 (0.4%) 1.50 18,552
2018-11-01 $444,950 (0.6%) $636,335 (0.2%) 1.49 17,351
2018-12-01 $434,900 (1.1%) $634,693 (-0.2%) 1.49 14,141
2019-01-01 $432,450 (0.6%) $641,940 (-0.1%) 1.49 12,020
2019-02-01 $446,990 (0.9%) $657,373 (0.1%) 1.50 11,673
2019-03-01 $464,143 (-0.2%) $673,643 (0.5%) 1.51 12,591
2019-04-01 $481,000 (1.3%) $686,059 (0.8%) 1.51 13,712
2019-05-01 $489,450 (3.0%) $692,615 (1.6%) 1.51 15,046
2019-06-01 $489,508 (3.1%) $691,379 (2.1%) 1.51 15,663
2019-07-01 $475,000 (2.1%) $674,786 (2.2%) 1.48 15,548
2019-08-01 $475,000 (5.6%) $677,659 (5.8%) 1.49 15,128
2019-09-01 $475,495 (5.7%) $685,811 (7.3%) 1.51 14,800
2019-10-01 $479,900 (6.7%) $697,968 (9.0%) 1.53 14,918
2019-11-01 $475,970 (7.0%) $706,371 (11.0%) 1.54 13,694
2019-12-01 $471,857 (8.5%) $717,482 (13.0%) 1.57 10,721
2020-01-01 $469,900 (8.7%) $725,458 (13.0%) 1.57 9,317
2020-02-01 $485,000 (8.5%) $747,255 (13.7%) 1.57 8,939
2020-03-01 $504,950 (8.8%) $770,507 (14.4%) 1.58 9,609
2020-04-01 $499,950 (3.9%) $743,918 (8.4%) 1.56 10,407
2020-05-01 $510,000 (4.2%) $767,376 (10.8%) 1.55 10,307
2020-06-01 $529,958 (8.3%) $791,963 (14.6%) 1.55 9,747
2020-07-01 $529,945 (11.6%) $801,057 (18.7%) 1.52 8,964
2020-08-01 $525,000 (10.5%) $801,739 (18.3%) 1.50 8,596
2020-09-01 $519,250 (9.2%) $793,857 (15.8%) 1.48 9,008
2020-10-01 $502,000 (4.6%) $773,057 (10.8%) 1.43 9,458
2020-11-01 $499,900 (5.0%) $788,352 (11.6%) 1.43 8,941
2020-12-01 $497,200 (5.4%) $801,084 (11.7%) 1.46 7,443
2021-01-01 $489,000 (4.1%) $822,931 (13.4%) 1.44 6,271
2021-02-01 $489,950 (1.0%) $823,620 (10.2%) 1.41 5,733
2021-03-01 $494,900 (-2.0%) $802,716 (4.2%) 1.39 6,357
2021-04-01 $504,948 (1.0%) $798,711 (7.4%) 1.36 6,976
2021-05-01 $509,900 (0.0%) $786,632 (2.5%) 1.34 7,616
2021-06-01 $524,950 (-0.9%) $783,240 (-1.1%) 1.36 8,869
2021-07-01 $512,030 (-3.4%) $757,576 (-5.4%) 1.33 9,788
2021-08-01 $506,000 (-3.6%) $737,554 (-8.0%) 1.33 10,048
2021-09-01 $509,500 (-1.9%) $737,932 (-7.0%) 1.34 10,606
2021-10-01 $509,900 (1.6%) $740,625 (-4.2%) 1.34 10,234
2021-11-01 $505,000 (1.0%) $749,330 (-5.0%) 1.33 8,424
2021-12-01 $500,000 (0.6%) $767,792 (-4.2%) 1.33 6,400
2022-01-01 $500,000 (2.3%) $811,720 (-1.4%) 1.33 4,856
2022-02-01 $527,500 (7.7%) $832,769 (1.1%) 1.34 4,836
2022-03-01 $544,950 (10.1%) $835,985 (4.1%) 1.35 5,292
2022-04-01 $565,000 (11.9%) $826,921 (3.5%) 1.33 5,985
Washington's median listing price for 2022-04-01 was $565,000, a difference of $60,052 (11.9%) versus the prior year and $20,050 versus the prior month.

Washington's median listing price comes in at 133% of the national average.

Washington's average listing price for 2022-04-01 was $826,921, a difference of $28,210 (3.5%) versus the prior year and $-9,064 versus the prior month.

For the 2022-04-01 period, Washington had 5,985 MLS listings, a difference of 693 listings (13%) versus the prior month and -991 listings (-14%) 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 71 days 2,120 sqft
2018-02-01 52 days 2,170 sqft
2018-03-01 36 days 2,181 sqft
2018-04-01 33 days 2,198 sqft
2018-05-01 32 days 2,200 sqft
2018-06-01 39 days 2,246 sqft
2018-07-01 44 days 2,201 sqft
2018-08-01 46 days 2,163 sqft
2018-09-01 47 days 2,130 sqft
2018-10-01 47 days 2,105 sqft
2018-11-01 51 days 2,112 sqft
2018-12-01 63 days 2,134 sqft
2019-01-01 71 days 2,155 sqft
2019-02-01 55 days 2,195 sqft
2019-03-01 35 days 2,260 sqft
2019-04-01 30 days 2,317 sqft
2019-05-01 32 days 2,331 sqft
2019-06-01 37 days 2,358 sqft
2019-07-01 43 days 2,310 sqft
2019-08-01 45 days 2,304 sqft
2019-09-01 45 days 2,294 sqft
2019-10-01 43 days 2,257 sqft
2019-11-01 50 days 2,228 sqft
2019-12-01 63 days 2,202 sqft
2020-01-01 65 days 2,188 sqft
2020-02-01 39 days 2,212 sqft
2020-03-01 29 days 2,250 sqft
2020-04-01 35 days 2,216 sqft
2020-05-01 44 days 2,224 sqft
2020-06-01 37 days 2,211 sqft
2020-07-01 33 days 2,134 sqft
2020-08-01 30 days 2,040 sqft
2020-09-01 28 days 1,928 sqft
2020-10-01 36 days 1,840 sqft
2020-11-01 41 days 1,781 sqft
2020-12-01 48 days 1,738 sqft
2021-01-01 50 days 1,664 sqft
2021-02-01 40 days 1,600 sqft
2021-03-01 32 days 1,664 sqft
2021-04-01 30 days 1,731 sqft
2021-05-01 30 days 1,800 sqft
2021-06-01 29 days 1,815 sqft
2021-07-01 31 days 1,815 sqft
2021-08-01 33 days 1,816 sqft
2021-09-01 35 days 1,786 sqft
2021-10-01 35 days 1,752 sqft
2021-11-01 41 days 1,686 sqft
2021-12-01 48 days 1,663 sqft
2022-01-01 51 days 1,610 sqft
2022-02-01 34 days 1,671 sqft
2022-03-01 28 days 1,746 sqft
2022-04-01 28 days 1,840 sqft
Washington's median listing age (time on market) for 2022-04-01 was 28 days. This is -5% shorter than the same period one year ago.

Washington's median square footage for active listings during the 2022-04-01 period was 1,840 sqft. One year prior, the average listing was 1,731 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).