Yakima FHA Loan Rates, Closing Costs & Stats

YAKIMA, 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.

    Yakima's 68 lenders originated 735 FHA loans during 2024. The total origination value was $231,355,000, with an average FHA loan value of $314,769.

    Yakima FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Yakima averaged 6.49% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Yakima's average FHA mortgage closing costs are $10,351.

    The average rate for the prior week (2025-03-28) was 6.78% and one month ago for the week of 2025-02-28, the average rate was 6.57%.

    The average rate one year ago was 6.79%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.24%.

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

    Yakima 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 Yakima level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    CMG MORTGAGE, INC. 132 6.50% $14,275
    AMERICAN PACIFIC MORTGAGE CORPORATION 65 6.70% $15,923
    BROKER SOLUTIONS, INC. 49 6.85% $12,790
    QUICKEN LOANS, LLC 44 6.22% $12,566
    S1L, Inc. 29 6.36% $13,123
    UNITED WHOLESALE MORTGAGE, LLC 21 5.99% $13,883
    Glacier Bank 21 6.63% $10,880
    1st Security Bank of Washington 19 6.43% $16,836
    CROSSCOUNTRY MORTGAGE, LLC 18 6.47% $13,995
    GUILD MORTGAGE COMPANY 17 6.90% $13,266
    FREEDOM MORTGAGE CORPORATION 14 6.43% $9,088
    ENVOY MORTGAGE, LTD 11 6.75% $15,882
    PRIMELENDING, A PLAINSCAPITAL COMPANY 11 6.75% $13,651
    PENNYMAC LOAN SERVICES, LLC 10 5.96% $10,546
    WASHINGTON STATE EMPLOYEES Credit Union 8 6.31% $11,415
    Flagstar Bank, FSB 7 6.06% $12,283
    LOANDEPOT.COM, LLC 6 6.35% $12,440
    SUMMIT FUNDING, INC. 6 7.04% $14,611
    AMERICAN FINANCIAL NETWORK, INC. 6 6.04% $13,768
    MOVEMENT MORTGAGE, LLC 5 6.38% $18,532
    Equity Prime Mortgage LLC 5 6.48% $13,243
    MID AMERICA MORTGAGE, INC. 5 6.28% $6,619
    MUTUAL OF OMAHA MORTGAGE, INC. 5 6.65% $13,214
    NEWREZ LLC 5 6.03% $12,095
    Banner Bank 4 6.09% $11,178
    Cornerstone First Mortgage, Inc 4 6.66% $12,853
    Carrington Mortgage Services, LLC 4 6.72% $16,791
    PREMIER MORTGAGE RESOURCES, L.L.C. 4 6.15% $12,844
    LOANPAL, LLC 3 5.46% $13,528
    Mr. Cooper ( Nationstar Mortgage ) 3 6.42% $10,976
    CHURCHILL MORTGAGE CORPORATION 2 6.25% $17,045
    Paramount Residential Mortgage Group, Inc. 2 7.25% $16,890
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 2 6.38% $10,974
    AMERISAVE MORTGAGE CORPORATION 2 6.44% $15,545
    PHH Mortgage Corporation 2 6.63% $10,728
    Century Mortgage Company DBA Century Lending Company 2 5.69% $11,070
    CORNERSTONE HOME LENDING, INC. 2 7.06% $14,964
    The Federal Savings Bank 2 6.44% $16,850
    The Loan Store, Inc. 2 5.81% $12,189
    INTELLILOAN, INC. 2 5.88% $8,918
    ZILLOW HOME LOANS, LLC 1 5.88% $24,516
    Plains Commerce Bank 1 5.63% $11,390
    PLAZA HOME MORTGAGE, INC. 1 7.25% $13,693
    CARDINAL FINANCIAL 1 6.25% $12,817
    CANOPY MORTGAGE, LLC 1 4.99% $54,428
    CALCON MUTUAL MORTGAGE LLC 1 6.00% $23,423
    Umpqua Bank 1 5.88% $18,826
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.25% $20,362
    U.S. Bank 1 6.99% $11,402
    VILLAGE CAPITAL MORTGAGE 1 6.75% $8,715
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $13,095
    DAS Acquisition Company, LLC 1 5.75% $24,281
    DHI MORTGAGE COMPANY, LTD. 1 7.25% $16,912
    GENEVA FINANCIAL, LLC 1 7.88% $9,689
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.88% $13,981
    HOMESIDE FINANCIAL, LLC 1 6.13% $14,254
    HomeStreet Bank 1 6.63% $13,372
    IDAHO CENTRAL 1 5.25% $9,216
    JPMorgan Chase Bank 1 6.99% $11,955
    KeyBank 1 6.63% $8,884
    LADERA LENDING, INC. 1 6.63% $11,851
    Lakeview Community Capital, LLC 1 5.99% $11,296
    LAKEVIEW LOAN SERVICING, LLC 1 6.63% $9,264
    LAND HOME FINANCIAL SERVICES, INC. 1 6.63% $9,784
    Willamette Valley Bank 1 7.25% $13,833
    NATIONS DIRECT MORTGAGE, LLC 1 5.99% $14,047
    NBKC BANK 1 7.00% $7,363
    NETWORK CAPITAL FUNDING CORPORATION 1 6.25% $15,497

    The top Yakima FHA lender as defined by loan originations is CMG MORTGAGE, INC., with 132 FHA loans originated. Their average total fees are $14,275, which is $1,648 lower than the next largest lender, AMERICAN PACIFIC MORTGAGE CORPORATION.

    The lowest fee Yakima FHA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($9,088), PENNYMAC LOAN SERVICES, LLC ($10,546), Glacier Bank ($10,880), QUICKEN LOANS, LLC ($12,566) and BROKER SOLUTIONS, INC. ($12,790).

    The lowest rate Yakima FHA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.96%), UNITED WHOLESALE MORTGAGE, LLC (5.99%), QUICKEN LOANS, LLC (6.22%), S1L, Inc. (6.36%) and 1st Security Bank of Washington (6.43%).

    Yakima FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    YAKIMA, WA YAKIMA 2022 $420,680 $538,650 $651,050 $809,150
    YAKIMA, WA YAKIMA 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Yakima (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 $257,300 (6.3%) $323,394 (10.8%) 0.95 312
    2018-02-01 $270,798 (12.9%) $349,371 (19.2%) 0.98 286
    2018-03-01 $289,500 (23.2%) $369,237 (29.3%) 1.02 275
    2018-04-01 $298,975 (30.1%) $379,533 (32.8%) 1.01 291
    2018-05-01 $291,451 (17.4%) $366,815 (26.4%) 0.97 312
    2018-06-01 $290,000 (17.8%) $373,079 (26.8%) 0.97 333
    2018-07-01 $288,088 (16.2%) $368,009 (25.1%) 0.96 354
    2018-08-01 $291,000 (18.8%) $380,360 (28.4%) 0.97 354
    2018-09-01 $295,000 (18.0%) $370,152 (20.8%) 0.99 376
    2018-10-01 $284,196 (13.7%) $360,715 (18.1%) 0.96 388
    2018-11-01 $291,725 (16.7%) $367,838 (19.4%) 0.99 365
    2018-12-01 $299,950 (15.8%) $364,494 (16.4%) 1.03 335
    2019-01-01 $289,900 (12.7%) $357,344 (10.5%) 1.00 305
    2019-02-01 $298,450 (10.2%) $366,937 (5.0%) 1.01 296
    2019-03-01 $319,979 (10.5%) $377,020 (2.1%) 1.05 292
    2019-04-01 $329,979 (10.4%) $379,570 (0.0%) 1.05 294
    2019-05-01 $324,800 (11.4%) $369,742 (0.8%) 1.02 308
    2019-06-01 $335,000 (15.5%) $377,539 (1.2%) 1.05 346
    2019-07-01 $326,125 (13.2%) $378,251 (2.8%) 1.02 340
    2019-08-01 $318,564 (9.5%) $372,652 (-2.0%) 1.01 331
    2019-09-01 $316,559 (7.3%) $364,032 (-1.7%) 1.01 348
    2019-10-01 $317,723 (11.8%) $360,869 (0.0%) 1.03 350
    2019-11-01 $322,500 (10.6%) $366,948 (-0.2%) 1.06 331
    2019-12-01 $319,950 (6.7%) $363,134 (-0.4%) 1.07 306
    2020-01-01 $303,700 (4.8%) $363,781 (1.8%) 1.01 269
    2020-02-01 $296,750 (-0.6%) $363,870 (-0.8%) 0.97 256
    2020-03-01 $334,925 (4.7%) $394,527 (4.6%) 1.05 246
    2020-04-01 $338,750 (2.7%) $384,581 (1.3%) 1.06 244
    2020-05-01 $345,000 (6.2%) $390,166 (5.5%) 1.05 228
    2020-06-01 $360,000 (7.5%) $400,171 (6.0%) 1.06 223
    2020-07-01 $386,125 (18.4%) $421,393 (11.4%) 1.12 194
    2020-08-01 $385,000 (20.9%) $413,073 (10.9%) 1.10 167
    2020-09-01 $375,000 (18.5%) $416,813 (14.5%) 1.07 184
    2020-10-01 $342,000 (7.6%) $411,988 (14.2%) 0.98 199
    2020-11-01 $349,000 (8.2%) $433,834 (18.2%) 1.02 186
    2020-12-01 $342,560 (7.1%) $425,599 (17.2%) 1.02 170
    2021-01-01 $349,000 (14.9%) $421,451 (15.9%) 1.04 155
    2021-02-01 $335,000 (12.9%) $405,155 (11.4%) 0.98 136
    2021-03-01 $346,500 (3.5%) $425,235 (7.8%) 0.98 133
    2021-04-01 $347,250 (2.5%) $404,975 (5.3%) 0.94 134
    2021-05-01 $337,500 (-2.2%) $395,090 (1.3%) 0.90 150
    2021-06-01 $330,000 (-8.3%) $386,061 (-3.5%) 0.87 175
    2021-07-01 $355,000 (-8.1%) $414,220 (-1.7%) 0.94 202
    2021-08-01 $349,962 (-9.1%) $413,190 (0.0%) 0.93 220
    2021-09-01 $369,425 (-1.5%) $412,712 (-1.0%) 0.99 253
    2021-10-01 $369,000 (7.9%) $411,716 (-0.1%) 0.98 243
    2021-11-01 $381,675 (9.4%) $423,640 (-2.4%) 1.02 242
    2021-12-01 $386,187 (12.7%) $433,491 (1.9%) 1.05 220
    2022-01-01 $386,449 (10.7%) $426,043 (1.1%) 1.04 174
    2022-02-01 $401,938 (20.0%) $462,517 (14.2%) 1.05 157
    2022-03-01 $392,838 (13.4%) $472,314 (11.1%) 0.98 152
    2022-04-01 $425,000 (22.4%) $498,386 (23.1%) 1.01 159
    2022-05-01 $430,000 (27.4%) $483,203 (22.3%) 0.98 193
    2022-06-01 $425,000 (28.8%) $499,719 (29.4%) 0.95 216
    2022-07-01 $429,950 (21.1%) $487,904 (17.8%) 0.97 281
    2022-08-01 $414,475 (18.4%) $472,701 (14.4%) 0.96 313
    2022-09-01 $398,950 (8.0%) $464,185 (12.5%) 0.93 319
    2022-10-01 $393,850 (6.7%) $448,760 (9.0%) 0.93 307
    2022-11-01 $387,000 (1.4%) $438,210 (3.4%) 0.93 321
    2022-12-01 $384,500 (-0.4%) $433,182 (-0.1%) 0.95 275
    2023-01-01 $370,000 (-4.3%) $429,103 (0.7%) 0.92 237
    2023-02-01 $379,725 (-5.5%) $433,252 (-6.3%) 0.92 235
    2023-03-01 $384,900 (-2.0%) $487,135 (3.1%) 0.91 214
    2023-04-01 $399,000 (-6.1%) $505,787 (1.5%) 0.93 223
    2023-05-01 $415,000 (-3.5%) $510,011 (5.6%) 0.94 235
    2023-06-01 $406,600 (-4.3%) $505,896 (1.2%) 0.91 252
    2023-07-01 $408,950 (-4.9%) $515,666 (5.7%) 0.93 267
    2023-08-01 $425,000 (2.5%) $523,630 (10.8%) 0.98 276
    2023-09-01 $429,900 (7.8%) $521,315 (12.3%) 1.00 316
    2023-10-01 $426,450 (8.3%) $502,234 (11.9%) 1.00 351
    2023-11-01 $417,250 (7.8%) $501,843 (14.5%) 0.99 339
    2023-12-01 $415,000 (7.9%) $493,159 (13.9%) 1.01 322
    2024-01-01 $414,950 (12.2%) $483,950 (12.8%) 1.01 302
    2024-02-01 $409,725 (7.9%) $473,014 (9.2%) 0.99 270
    2024-03-01 $415,000 (7.8%) $463,425 (-4.9%) 0.98 275
    2024-04-01 $417,500 (4.6%) $463,872 (-8.3%) 0.97 300
    2024-05-01 $422,000 (1.7%) $470,886 (-7.7%) 0.96 312
    2024-06-01 $434,000 (6.7%) $487,973 (-3.5%) 0.99 327
    2024-07-01 $425,725 (4.1%) $490,918 (-4.8%) 0.97 342
    2024-08-01 $430,995 (1.4%) $496,166 (-5.2%) 1.00 368
    2024-09-01 $433,874 (0.9%) $493,248 (-5.4%) 1.02 382
    2024-10-01 $431,000 (1.1%) $493,917 (-1.7%) 1.01 392
    2024-11-01 $415,950 (-0.3%) $483,684 (-3.6%) 1.00 407
    2024-12-01 $416,500 (0.4%) $478,732 (-2.9%) 1.03 379
    2025-01-01 $410,000 (-1.2%) $482,961 (-0.2%) 1.02 331
    2025-02-01 $399,975 (-2.4%) $485,664 (2.7%) 0.97 332
    2025-03-01 $424,500 (2.3%) $507,780 (9.6%) 0.00 335
    Yakima's median listing price for 2025-03-01 was $424,500, a difference of $9,500 (2.3%) versus the prior year and $24,525 versus the prior month.

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

    Yakima's average listing price for 2025-03-01 was $507,780, a difference of $44,355 (9.6%) versus the prior year and $22,116 versus the prior month.

    For the 2025-03-01 period, Yakima had 335 MLS listings, a difference of 3 listings (1%) versus the prior month and 60 listings (22%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Yakima (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 85 days 1,981 sqft
    2018-02-01 75 days 1,982 sqft
    2018-03-01 45 days 2,009 sqft
    2018-04-01 45 days 2,027 sqft
    2018-05-01 40 days 1,965 sqft
    2018-06-01 41 days 1,984 sqft
    2018-07-01 48 days 1,951 sqft
    2018-08-01 52 days 1,975 sqft
    2018-09-01 46 days 1,987 sqft
    2018-10-01 48 days 1,916 sqft
    2018-11-01 58 days 1,988 sqft
    2018-12-01 78 days 1,999 sqft
    2019-01-01 76 days 1,946 sqft
    2019-02-01 66 days 1,990 sqft
    2019-03-01 55 days 2,009 sqft
    2019-04-01 47 days 2,032 sqft
    2019-05-01 39 days 1,988 sqft
    2019-06-01 40 days 2,052 sqft
    2019-07-01 44 days 2,017 sqft
    2019-08-01 50 days 1,985 sqft
    2019-09-01 48 days 1,938 sqft
    2019-10-01 48 days 1,920 sqft
    2019-11-01 53 days 1,986 sqft
    2019-12-01 59 days 2,039 sqft
    2020-01-01 73 days 1,970 sqft
    2020-02-01 57 days 1,961 sqft
    2020-03-01 45 days 2,052 sqft
    2020-04-01 48 days 2,091 sqft
    2020-05-01 51 days 2,064 sqft
    2020-06-01 45 days 2,112 sqft
    2020-07-01 41 days 2,056 sqft
    2020-08-01 39 days 2,116 sqft
    2020-09-01 28 days 2,052 sqft
    2020-10-01 30 days 1,915 sqft
    2020-11-01 43 days 1,905 sqft
    2020-12-01 47 days 1,927 sqft
    2021-01-01 55 days 1,853 sqft
    2021-02-01 32 days 1,820 sqft
    2021-03-01 24 days 1,769 sqft
    2021-04-01 24 days 1,821 sqft
    2021-05-01 21 days 1,770 sqft
    2021-06-01 24 days 1,747 sqft
    2021-07-01 22 days 1,761 sqft
    2021-08-01 23 days 1,756 sqft
    2021-09-01 29 days 1,790 sqft
    2021-10-01 36 days 1,800 sqft
    2021-11-01 35 days 1,834 sqft
    2021-12-01 45 days 1,780 sqft
    2022-01-01 53 days 1,697 sqft
    2022-02-01 61 days 1,792 sqft
    2022-03-01 39 days 1,794 sqft
    2022-04-01 31 days 1,924 sqft
    2022-05-01 25 days 1,975 sqft
    2022-06-01 27 days 2,057 sqft
    2022-07-01 32 days 2,014 sqft
    2022-08-01 39 days 2,014 sqft
    2022-09-01 41 days 1,986 sqft
    2022-10-01 51 days 1,952 sqft
    2022-11-01 50 days 1,941 sqft
    2022-12-01 66 days 1,919 sqft
    2023-01-01 75 days 1,940 sqft
    2023-02-01 61 days 1,900 sqft
    2023-03-01 45 days 1,846 sqft
    2023-04-01 43 days 1,881 sqft
    2023-05-01 40 days 1,907 sqft
    2023-06-01 42 days 1,891 sqft
    2023-07-01 44 days 1,897 sqft
    2023-08-01 41 days 1,934 sqft
    2023-09-01 39 days 1,943 sqft
    2023-10-01 45 days 1,901 sqft
    2023-11-01 51 days 1,881 sqft
    2023-12-01 65 days 1,883 sqft
    2024-01-01 72 days 1,861 sqft
    2024-02-01 81 days 1,777 sqft
    2024-03-01 63 days 1,789 sqft
    2024-04-01 45 days 1,857 sqft
    2024-05-01 44 days 1,884 sqft
    2024-06-01 47 days 1,919 sqft
    2024-07-01 47 days 1,901 sqft
    2024-08-01 49 days 1,963 sqft
    2024-09-01 47 days 1,923 sqft
    2024-10-01 45 days 1,956 sqft
    2024-11-01 53 days 1,826 sqft
    2024-12-01 62 days 1,805 sqft
    2025-01-01 70 days 1,784 sqft
    2025-02-01 61 days 1,723 sqft
    2025-03-01 0 days 1,765 sqft
    Yakima's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Yakima's median square footage for active listings during the 2025-03-01 period was 1,765 sqft. One year prior, the average listing was 1,789 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).