Wenatchee FHA Loan Rates, Closing Costs & Stats

WENATCHEE, WA

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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.

    Wenatchee's 47 lenders originated 225 FHA loans during 2024. The total origination value was $83,375,000, with an average FHA loan value of $370,556.

    Wenatchee FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Wenatchee averaged 6.48% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Wenatchee's average FHA mortgage closing costs are $11,349.

    The average rate for the prior week (2025-03-28) was 6.67% and one month ago for the week of 2025-02-28, the average rate was 6.36%.

    The average rate one year ago was 6.78%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.25%.

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

    Wenatchee 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 Wenatchee level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 21 6.67% $16,209
    UNITED WHOLESALE MORTGAGE, LLC 21 6.24% $14,871
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 17 6.57% $17,383
    QUICKEN LOANS, LLC 17 6.16% $16,073
    Glacier Bank 15 6.41% $15,579
    PRIMELENDING, A PLAINSCAPITAL COMPANY 10 5.94% $21,811
    CROSSCOUNTRY MORTGAGE, LLC 8 6.20% $17,257
    MOVEMENT MORTGAGE, LLC 7 6.89% $15,696
    CANOPY MORTGAGE, LLC 5 6.03% $22,580
    Banner Bank 5 5.75% $13,905
    NEWREZ LLC 4 6.66% $20,900
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 6.75% $22,526
    LOANDEPOT.COM, LLC 3 6.00% $17,024
    CITYWIDE HOME LOANS, LLC 3 6.43% $17,679
    SCENIC OAKS FUNDING, INC. 2 6.38% $15,258
    AMERICAN FINANCING CORPORATION 2 6.12% $10,515
    City Lending Inc. 2 8.13% $23,333
    CMG MORTGAGE, INC. 2 6.56% $8,347
    NUMERICA CREDIT UNION 2 5.94% $17,393
    PENNYMAC LOAN SERVICES, LLC 2 5.56% $19,079
    Peoples Bank 2 6.38% $14,477
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.75% $17,151
    BROKER SOLUTIONS, INC. 2 6.81% $20,027
    Equity Prime Mortgage LLC 2 5.88% $14,586
    FIRST COLONY MORTGAGE CORPORATION 2 5.94% $12,920
    CARDINAL FINANCIAL 2 6.75% $11,179
    Wells Fargo Bank 1 6.88% $8,528
    AMERICAN FINANCIAL NETWORK, INC. 1 6.63% $16,198
    AMERISAVE MORTGAGE CORPORATION 1 5.75% $18,127
    Century Mortgage Company DBA Century Lending Company 1 6.75% $0
    CHURCHILL MORTGAGE CORPORATION 1 6.75% $14,227
    Cornerstone First Mortgage, Inc 1 7.13% $19,457
    ENVOY MORTGAGE, LTD 1 7.00% $15,265
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $8,916
    Flagstar Bank, FSB 1 5.25% $13,140
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.38% $9,677
    M&T Bank 1 6.13% $13,180
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.88% $29,724
    NATIONS DIRECT MORTGAGE, LLC 1 6.13% $12,977
    NFM, INC. 1 6.50% $20,831
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 5.75% $12,168
    Sunflower Bank 1 6.13% $20,957
    SUN WEST MORTGAGE COMPANY, INC. 1 5.88% $23,474
    The Federal Savings Bank 1 6.75% $19,782
    VILLAGE CAPITAL MORTGAGE 1 7.13% $2,561
    WASHINGTON STATE EMPLOYEES Credit Union 1 5.75% $13,481
    1st Security Bank of Washington 1 5.75% $10,972

    The top Wenatchee FHA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 21 FHA loans originated. Their average total fees are $16,209, which is $1,338 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Wenatchee FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($14,871), Glacier Bank ($15,579), QUICKEN LOANS, LLC ($16,073), GUILD MORTGAGE COMPANY ($16,209) and EVERGREEN MONEYSOURCE MORTGAGE COMPANY ($17,383).

    The lowest rate Wenatchee FHA lenders (with over 10 loans originated) are PRIMELENDING, A PLAINSCAPITAL COMPANY (5.94%), QUICKEN LOANS, LLC (6.16%), UNITED WHOLESALE MORTGAGE, LLC (6.24%), Glacier Bank (6.41%) and EVERGREEN MONEYSOURCE MORTGAGE COMPANY (6.57%).

    Wenatchee FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    WENATCHEE, WA CHELAN 2022 $420,680 $538,650 $651,050 $809,150
    WENATCHEE, WA DOUGLAS 2022 $420,680 $538,650 $651,050 $809,150
    WENATCHEE, WA CHELAN 2023 $506,000 $647,750 $783,000 $973,100
    WENATCHEE, WA DOUGLAS 2023 $506,000 $647,750 $783,000 $973,100

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Wenatchee (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 $398,000 (14.9%) $493,503 (-0.3%) 0.00 328
    2018-02-01 $401,950 (15.6%) $506,773 (3.9%) 0.00 317
    2018-03-01 $424,900 (21.4%) $539,631 (9.2%) 0.00 311
    2018-04-01 $424,900 (17.3%) $543,699 (9.6%) 0.00 329
    2018-05-01 $408,725 (4.3%) $536,501 (4.6%) 0.00 407
    2018-06-01 $429,000 (7.3%) $557,494 (6.0%) 0.00 449
    2018-07-01 $432,923 (8.3%) $544,393 (3.6%) 0.00 526
    2018-08-01 $429,450 (7.8%) $543,259 (4.8%) 0.00 552
    2018-09-01 $429,900 (7.5%) $554,610 (6.0%) 0.00 575
    2018-10-01 $421,950 (5.6%) $557,205 (6.6%) 0.00 551
    2018-11-01 $399,225 (0.1%) $542,926 (7.5%) 0.00 497
    2018-12-01 $380,000 (-2.3%) $527,028 (5.6%) 0.00 434
    2019-01-01 $382,925 (-3.8%) $528,686 (7.1%) 0.00 384
    2019-02-01 $389,950 (-3.0%) $528,126 (4.2%) 0.00 371
    2019-03-01 $397,286 (-6.5%) $542,437 (0.5%) 0.00 361
    2019-04-01 $397,511 (-6.5%) $548,269 (0.8%) 0.00 358
    2019-05-01 $433,950 (6.2%) $585,439 (9.1%) 0.00 425
    2019-06-01 $439,000 (2.3%) $588,046 (5.5%) 0.00 481
    2019-07-01 $448,475 (3.6%) $577,540 (6.1%) 0.00 516
    2019-08-01 $441,727 (2.9%) $571,452 (5.2%) 0.00 535
    2019-09-01 $445,818 (3.7%) $566,579 (2.2%) 0.00 530
    2019-10-01 $443,545 (5.1%) $563,403 (1.1%) 0.00 520
    2019-11-01 $445,000 (11.5%) $574,092 (5.7%) 0.00 465
    2019-12-01 $439,900 (15.8%) $570,482 (8.3%) 0.00 397
    2020-01-01 $458,450 (19.7%) $571,994 (8.2%) 0.00 323
    2020-02-01 $464,950 (19.2%) $580,626 (9.9%) 0.00 299
    2020-03-01 $461,950 (16.3%) $573,460 (5.7%) 0.00 342
    2020-04-01 $445,000 (12.0%) $563,218 (2.7%) 0.00 347
    2020-05-01 $463,900 (6.9%) $577,806 (-1.3%) 0.00 382
    2020-06-01 $467,400 (6.5%) $580,591 (-1.3%) 0.00 360
    2020-07-01 $459,200 (2.4%) $572,078 (-1.0%) 0.00 331
    2020-08-01 $479,500 (8.6%) $602,346 (5.4%) 0.00 290
    2020-09-01 $456,725 (2.5%) $580,242 (2.4%) 0.00 282
    2020-10-01 $459,000 (3.5%) $584,322 (3.7%) 0.00 259
    2020-11-01 $437,248 (-1.7%) $557,521 (-2.9%) 0.00 218
    2020-12-01 $426,675 (-3.0%) $555,073 (-2.7%) 0.00 163
    2021-01-01 $425,000 (-7.3%) $557,866 (-2.5%) 0.00 139
    2021-02-01 $422,500 (-9.1%) $624,411 (7.5%) 0.00 115
    2021-03-01 $437,075 (-5.4%) $646,206 (12.7%) 0.00 122
    2021-04-01 $441,625 (-0.8%) $635,543 (12.8%) 0.00 123
    2021-05-01 $469,900 (1.3%) $702,228 (21.5%) 0.00 138
    2021-06-01 $592,175 (26.7%) $787,708 (35.7%) 0.00 161
    2021-07-01 $579,900 (26.3%) $812,709 (42.1%) 0.00 192
    2021-08-01 $579,950 (21.0%) $805,967 (33.8%) 0.00 225
    2021-09-01 $569,450 (24.7%) $805,782 (38.9%) 0.00 248
    2021-10-01 $587,000 (27.9%) $813,908 (39.3%) 0.00 262
    2021-11-01 $580,725 (32.8%) $837,961 (50.3%) 0.00 237
    2021-12-01 $589,500 (38.2%) $892,890 (60.9%) 0.00 192
    2022-01-01 $599,000 (40.9%) $867,031 (55.4%) 0.00 153
    2022-02-01 $652,450 (54.4%) $882,556 (41.3%) 0.00 95
    2022-03-01 $661,000 (51.2%) $867,996 (34.3%) 0.00 122
    2022-04-01 $679,900 (54.0%) $867,459 (36.5%) 0.00 145
    2022-05-01 $701,000 (49.2%) $909,999 (29.6%) 0.00 211
    2022-06-01 $699,000 (18.0%) $888,430 (12.8%) 0.00 262
    2022-07-01 $684,000 (18.0%) $855,762 (5.3%) 0.00 323
    2022-08-01 $677,450 (16.8%) $855,484 (6.1%) 0.00 363
    2022-09-01 $661,998 (16.3%) $849,859 (5.5%) 0.00 357
    2022-10-01 $642,000 (9.4%) $804,464 (-1.2%) 0.00 342
    2022-11-01 $615,000 (5.9%) $787,320 (-6.0%) 0.00 320
    2022-12-01 $627,500 (6.5%) $796,002 (-10.9%) 0.00 250
    2023-01-01 $667,248 (11.4%) $846,300 (-2.4%) 0.00 221
    2023-02-01 $674,998 (3.5%) $880,901 (-0.2%) 0.00 204
    2023-03-01 $660,945 (0.0%) $849,939 (-2.1%) 0.00 222
    2023-04-01 $649,000 (-4.5%) $810,354 (-6.6%) 0.00 238
    2023-05-01 $652,000 (-7.0%) $828,286 (-9.0%) 0.00 236
    2023-06-01 $654,700 (-6.3%) $867,397 (-2.4%) 0.00 284
    2023-07-01 $679,495 (-0.7%) $910,939 (6.5%) 0.00 318
    2023-08-01 $695,995 (2.7%) $908,661 (6.2%) 0.00 346
    2023-09-01 $679,990 (2.7%) $888,170 (4.5%) 0.00 350
    2023-10-01 $665,950 (3.7%) $866,932 (7.8%) 0.00 345
    2023-11-01 $649,475 (5.6%) $850,309 (8.0%) 0.00 310
    2023-12-01 $644,450 (2.7%) $830,034 (4.3%) 0.00 285
    2024-01-01 $646,700 (-3.1%) $828,883 (-2.1%) 0.00 219
    2024-02-01 $641,100 (-5.0%) $810,556 (-8.0%) 0.00 188
    2024-03-01 $699,000 (5.8%) $859,432 (1.1%) 0.00 230
    2024-04-01 $731,000 (12.6%) $918,556 (13.4%) 0.00 305
    2024-05-01 $742,750 (13.9%) $938,236 (13.3%) 0.00 428
    2024-06-01 $649,995 (-0.7%) $793,252 (-8.6%) 0.00 568
    2024-07-01 $650,000 (-4.3%) $798,665 (-12.3%) 0.00 593
    2024-08-01 $645,000 (-7.3%) $796,963 (-12.3%) 0.00 624
    2024-09-01 $627,450 (-7.7%) $789,993 (-11.1%) 0.00 630
    2024-10-01 $606,950 (-8.9%) $770,846 (-11.1%) 0.00 603
    2024-11-01 $595,000 (-8.4%) $754,807 (-11.2%) 0.00 523
    2024-12-01 $560,650 (-13.0%) $703,492 (-15.3%) 0.00 444
    2025-01-01 $541,700 (-16.2%) $652,544 (-21.3%) 0.00 382
    2025-02-01 $518,000 (-19.2%) $629,367 (-22.4%) 0.00 353
    2025-03-01 $544,900 (-22.1%) $661,146 (-23.1%) 0.00 373
    Wenatchee's median listing price for 2025-03-01 was $544,900, a difference of $-154,100 (-22.1%) versus the prior year and $26,900 versus the prior month.

    Wenatchee's median listing price comes in at 0% of the national average.

    Wenatchee's average listing price for 2025-03-01 was $661,146, a difference of $-198,286 (-23.1%) versus the prior year and $31,779 versus the prior month.

    For the 2025-03-01 period, Wenatchee had 373 MLS listings, a difference of 20 listings (6%) versus the prior month and 143 listings (62%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Wenatchee (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,022 sqft
    2018-02-01 0 days 2,018 sqft
    2018-03-01 0 days 1,996 sqft
    2018-04-01 0 days 1,938 sqft
    2018-05-01 0 days 1,957 sqft
    2018-06-01 0 days 2,023 sqft
    2018-07-01 0 days 1,998 sqft
    2018-08-01 0 days 1,986 sqft
    2018-09-01 0 days 1,986 sqft
    2018-10-01 0 days 1,990 sqft
    2018-11-01 0 days 1,950 sqft
    2018-12-01 0 days 1,900 sqft
    2019-01-01 0 days 1,879 sqft
    2019-02-01 0 days 1,855 sqft
    2019-03-01 0 days 1,902 sqft
    2019-04-01 0 days 1,983 sqft
    2019-05-01 0 days 2,004 sqft
    2019-06-01 0 days 2,016 sqft
    2019-07-01 0 days 2,100 sqft
    2019-08-01 0 days 2,034 sqft
    2019-09-01 0 days 1,972 sqft
    2019-10-01 0 days 1,912 sqft
    2019-11-01 0 days 1,895 sqft
    2019-12-01 0 days 1,815 sqft
    2020-01-01 0 days 1,812 sqft
    2020-02-01 0 days 1,824 sqft
    2020-03-01 0 days 1,826 sqft
    2020-04-01 0 days 1,880 sqft
    2020-05-01 0 days 1,841 sqft
    2020-06-01 0 days 1,917 sqft
    2020-07-01 0 days 2,031 sqft
    2020-08-01 0 days 2,100 sqft
    2020-09-01 0 days 2,073 sqft
    2020-10-01 0 days 2,025 sqft
    2020-11-01 0 days 1,915 sqft
    2020-12-01 0 days 1,836 sqft
    2021-01-01 0 days 1,874 sqft
    2021-02-01 0 days 1,872 sqft
    2021-03-01 0 days 1,880 sqft
    2021-04-01 0 days 1,859 sqft
    2021-05-01 0 days 1,968 sqft
    2021-06-01 0 days 1,998 sqft
    2021-07-01 0 days 1,990 sqft
    2021-08-01 0 days 2,057 sqft
    2021-09-01 0 days 2,078 sqft
    2021-10-01 0 days 2,129 sqft
    2021-11-01 0 days 2,110 sqft
    2021-12-01 0 days 2,163 sqft
    2022-01-01 0 days 2,164 sqft
    2022-02-01 0 days 2,003 sqft
    2022-03-01 0 days 2,099 sqft
    2022-04-01 0 days 2,078 sqft
    2022-05-01 0 days 2,139 sqft
    2022-06-01 0 days 2,026 sqft
    2022-07-01 0 days 2,000 sqft
    2022-08-01 0 days 2,023 sqft
    2022-09-01 0 days 2,009 sqft
    2022-10-01 0 days 1,982 sqft
    2022-11-01 0 days 1,952 sqft
    2022-12-01 0 days 2,020 sqft
    2023-01-01 0 days 2,190 sqft
    2023-02-01 0 days 2,268 sqft
    2023-03-01 0 days 2,180 sqft
    2023-04-01 0 days 2,062 sqft
    2023-05-01 0 days 1,965 sqft
    2023-06-01 0 days 2,097 sqft
    2023-07-01 0 days 2,076 sqft
    2023-08-01 0 days 2,150 sqft
    2023-09-01 0 days 2,134 sqft
    2023-10-01 0 days 2,093 sqft
    2023-11-01 0 days 2,002 sqft
    2023-12-01 0 days 2,001 sqft
    2024-01-01 0 days 1,986 sqft
    2024-02-01 0 days 1,993 sqft
    2024-03-01 0 days 2,020 sqft
    2024-04-01 0 days 2,093 sqft
    2024-05-01 0 days 2,105 sqft
    2024-06-01 0 days 1,882 sqft
    2024-07-01 0 days 1,865 sqft
    2024-08-01 0 days 1,837 sqft
    2024-09-01 0 days 1,790 sqft
    2024-10-01 0 days 1,730 sqft
    2024-11-01 0 days 1,688 sqft
    2024-12-01 0 days 1,678 sqft
    2025-01-01 0 days 1,640 sqft
    2025-02-01 0 days 1,566 sqft
    2025-03-01 0 days 1,603 sqft
    Wenatchee's median listing age (time on market) for 2025-03-01 was 0 days.

    Wenatchee's median square footage for active listings during the 2025-03-01 period was 1,603 sqft. One year prior, the average listing was 2,020 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).