Wenatchee FHA Loan Rates, Closing Costs & Stats
WENATCHEE, WA
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 52 lenders originated 229 FHA loans during 2023. The total origination value was $83,355,000, with an average FHA loan value of $363,996.
Wenatchee FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Wenatchee
averaged
6.45%
for the week of 2024-12-13, compared to the national average (all FHA variants) of
6.277% for the same period.
Wenatchee's average FHA mortgage closing costs are $10,737.
The average rate for the prior week (2024-12-06) was
6.42% and
one month ago for the week of 2024-11-08, the
average rate was 6.58%.
The average rate one year ago was 7.09%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.28%.
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.
The top Wenatchee FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
19 FHA loans originated. Their average total fees are
$16,000, which is $448
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Wenatchee FHA lenders (with over 10 loans originated) are
MOVEMENT MORTGAGE, LLC ($15,241), QUICKEN LOANS, LLC ($15,552), UNITED WHOLESALE MORTGAGE, LLC ($16,000), EVERGREEN MONEYSOURCE MORTGAGE COMPANY ($17,203) and GUILD MORTGAGE COMPANY ($17,352).
The lowest rate Wenatchee FHA lenders (with over 10 loans originated) are
PRIMELENDING, A PLAINSCAPITAL COMPANY (5.60%), QUICKEN LOANS, LLC (6.08%), UNITED WHOLESALE MORTGAGE, LLC (6.08%), GUILD MORTGAGE COMPANY (6.78%) and CARDINAL FINANCIAL (6.79%).
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. LouisDate | 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%) | $578,479 (-1.2%) | 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 (21.4%) | 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 | $749,000 (14.9%) | $953,900 (15.2%) | 0.00 | 429 |
2024-06-01 | $650,000 (-0.7%) | $793,733 (-8.5%) | 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 | $607,975 (-8.7%) | $771,099 (-11.1%) | 0.00 | 603 |
2024-11-01 | $595,000 (-8.4%) | $754,807 (-11.2%) | 0.00 | 523 |
Wenatchee's median listing price comes in at 0% of the national average.
Wenatchee's average listing price for 2024-11-01 was $754,807, a difference of $-95,502 (-11.2%) versus the prior year and $-16,292 versus the prior month.
For the 2024-11-01 period, Wenatchee had 523 MLS listings, a difference of -80 listings (-13%) versus the prior month and 213 listings (69%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Wenatchee (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,024 sqft |
2018-02-01 | 0 days | 2,019 sqft |
2018-03-01 | 0 days | 2,000 sqft |
2018-04-01 | 0 days | 1,938 sqft |
2018-05-01 | 0 days | 1,953 sqft |
2018-06-01 | 0 days | 2,016 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 | 2,105 sqft |
2019-08-01 | 0 days | 2,048 sqft |
2019-09-01 | 0 days | 1,981 sqft |
2019-10-01 | 0 days | 1,915 sqft |
2019-11-01 | 0 days | 1,901 sqft |
2019-12-01 | 0 days | 1,825 sqft |
2020-01-01 | 0 days | 1,815 sqft |
2020-02-01 | 0 days | 1,824 sqft |
2020-03-01 | 0 days | 1,827 sqft |
2020-04-01 | 0 days | 1,884 sqft |
2020-05-01 | 0 days | 1,841 sqft |
2020-06-01 | 0 days | 1,919 sqft |
2020-07-01 | 0 days | 2,038 sqft |
2020-08-01 | 0 days | 2,100 sqft |
2020-09-01 | 0 days | 2,089 sqft |
2020-10-01 | 0 days | 2,045 sqft |
2020-11-01 | 0 days | 1,920 sqft |
2020-12-01 | 0 days | 1,848 sqft |
2021-01-01 | 0 days | 1,874 sqft |
2021-02-01 | 0 days | 1,904 sqft |
2021-03-01 | 0 days | 1,899 sqft |
2021-04-01 | 0 days | 1,890 sqft |
2021-05-01 | 0 days | 1,980 sqft |
2021-06-01 | 0 days | 2,004 sqft |
2021-07-01 | 0 days | 2,021 sqft |
2021-08-01 | 0 days | 2,080 sqft |
2021-09-01 | 0 days | 2,096 sqft |
2021-10-01 | 0 days | 2,150 sqft |
2021-11-01 | 0 days | 2,123 sqft |
2021-12-01 | 0 days | 2,180 sqft |
2022-01-01 | 0 days | 2,178 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 | 2,129 sqft |
2022-06-01 | 0 days | 2,021 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 | 2,000 sqft |
2023-01-01 | 0 days | 2,182 sqft |
2023-02-01 | 0 days | 2,268 sqft |
2023-03-01 | 0 days | 2,180 sqft |
2023-04-01 | 0 days | 2,081 sqft |
2023-05-01 | 0 days | 1,996 sqft |
2023-06-01 | 0 days | 2,107 sqft |
2023-07-01 | 0 days | 2,080 sqft |
2023-08-01 | 0 days | 2,166 sqft |
2023-09-01 | 0 days | 2,144 sqft |
2023-10-01 | 0 days | 2,099 sqft |
2023-11-01 | 0 days | 2,005 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 | 2,096 sqft |
2024-05-01 | 0 days | 2,124 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 | 1,733 sqft |
2024-11-01 | 0 days | 1,690 sqft |
Wenatchee's median square footage for active listings during the 2024-11-01 period was 1,690 sqft. One year prior, the average listing was 2,005 sqft.