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 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).