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 6.62% for the week of 2026-07-24, compared to the national average (all FHA variants) of 6.391% for the same period.

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

    The average rate for the prior week (2026-07-17) was 6.55% and one month ago for the week of 2026-06-19, the average rate was 6.49%.

    The average rate one year ago was 6.66%.

    For refis of the same type during the week of 2026-07-24, the average rate was 6.37%.

    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

    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).