Washington FHA Loan Rates, Closing Costs & Stats

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

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    • 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 6.17% for the week of 2024-12-13, compared to the national average (all FHA variants) of 6.277% for the same period.

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

    The average rate for the prior week (2024-12-06) was 5.94% and one month ago for the week of 2024-11-08, the average rate was 6.2%.

    The average rate one year ago was 6.41%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.03%.

    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
    2024-04-01 $625,000 (0.8%) $970,664 (3.6%) 1.45 7,189
    2024-05-01 $639,500 (0.0%) $996,913 (3.8%) 1.45 7,860
    2024-06-01 $632,004 (-1.9%) $972,287 (1.3%) 1.42 8,692
    2024-07-01 $612,500 (-3.5%) $943,836 (0.9%) 1.40 8,930
    2024-08-01 $599,900 (-2.5%) $908,744 (-0.4%) 1.40 8,868
    2024-09-01 $599,948 (-2.5%) $903,010 (-1.3%) 1.41 9,798
    2024-10-01 $599,781 (0.0%) $889,913 (-2.6%) 1.41 10,608
    2024-11-01 $585,000 (-2.3%) $885,209 (-3.3%) 1.40 10,299
    Washington's median listing price for 2024-11-01 was $585,000, a difference of $-13,875 (-2.3%) versus the prior year and $-14,781 versus the prior month.

    Washington's median listing price comes in at 140% of the national average.

    Washington's average listing price for 2024-11-01 was $885,209, a difference of $-30,046 (-3.3%) versus the prior year and $-4,704 versus the prior month.

    For the 2024-11-01 period, Washington had 10,299 MLS listings, a difference of -309 listings (-3%) versus the prior month and 2,046 listings (25%) 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
    2024-04-01 30 days 1,944 sqft
    2024-05-01 28 days 1,966 sqft
    2024-06-01 29 days 1,965 sqft
    2024-07-01 36 days 1,950 sqft
    2024-08-01 37 days 1,920 sqft
    2024-09-01 36 days 1,920 sqft
    2024-10-01 34 days 1,904 sqft
    2024-11-01 40 days 1,864 sqft
    Washington's median listing age (time on market) for 2024-11-01 was 40 days. This is 3% longer than the same period one year ago.

    Washington's median square footage for active listings during the 2024-11-01 period was 1,864 sqft. One year prior, the average listing was 1,990 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).