District Of Columbia FHA Loan Rates, Closing Costs & Stats

District of Columbia

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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.

    District Of Columbia FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in District Of Columbia averaged 6.35% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    District Of Columbia's average FHA mortgage closing costs are $15,726.

    The average rate for the prior week (2025-03-28) was 6.64% and one month ago for the week of 2025-02-28, the average rate was 6.63%.

    The average rate one year ago was 6.45%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.37%.

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

    District Of Columbia 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 District Of Columbia level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 29 6.25% $22,369
    QUICKEN LOANS, LLC 28 6.25% $19,254
    FIRST HOME MORTGAGE CORPORATION 25 6.64% $21,056
    MOVEMENT MORTGAGE, LLC 16 6.21% $19,665
    NEWREZ LLC 12 6.24% $21,010
    GUARANTEED RATE, INC. 11 6.29% $24,917
    LOANDEPOT.COM, LLC 11 6.29% $20,344
    FREEDOM MORTGAGE CORPORATION 11 6.27% $13,929
    Capital Bank 11 6.61% $17,026
    MUTUAL OF OMAHA MORTGAGE, INC. 11 6.67% $21,827
    FIRST SAVINGS MORTGAGE CORPORATION 11 6.44% $22,332
    Vellum Mortgage, Inc. 10 6.16% $21,997
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 6.47% $21,776
    CROSSCOUNTRY MORTGAGE, LLC 7 6.33% $21,391
    Towne Bank 7 6.34% $22,652
    NFM, INC. 7 6.71% $16,055
    EMBRACE HOME LOANS, INC. 6 6.35% $22,266
    PENNYMAC LOAN SERVICES, LLC 6 6.29% $22,469
    DIRECT MORTGAGE LOANS, LLC 5 6.68% $16,383
    First Heritage Mortgage, LLC 5 6.18% $20,568
    CMG MORTGAGE, INC. 5 5.78% $19,288
    Plains Commerce Bank 4 6.19% $21,804
    Paramount Residential Mortgage Group, Inc. 4 6.47% $22,926
    CARDINAL FINANCIAL 4 6.38% $18,324
    Meridian Bank Corporation 4 5.59% $14,795
    Prosperity Home Mortgage, LLC 4 5.87% $24,617
    FIDELITY DIRECT MORTGAGE, LLC 3 6.54% $15,531
    GUARANTEED RATE AFFINITY, LLC 3 6.58% $24,338
    INTERCOASTAL MORTGAGE COMPANY 3 6.71% $15,409
    United Bank 3 6.21% $27,724
    MICHIGAN MUTUAL, INC. 3 6.75% $20,306
    BAY EQUITY LLC 3 6.38% $14,689
    PLANET HOME LENDING, LLC 3 6.67% $34,994
    Atlantic Coast Mortgage, LLC 3 6.92% $16,594
    BROKER SOLUTIONS, INC. 3 7.08% $11,733
    BAYSHORE MORTGAGE FUNDING, LLC 2 6.94% $16,019
    AMERICAN FINANCIAL NETWORK, INC. 2 5.81% $24,414
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.69% $20,986
    AmeriHome Mortgage Company, LLC 2 6.88% $10,640
    Barrington Bank & Trust Company, N.A. 2 7.00% $11,792
    AFFORDABLE MORTGAGE ADVISORS, LLC. 2 6.88% $47,108
    Cornerstone First Mortgage, Inc 2 6.94% $36,599
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 2 6.19% $14,749
    ENVOY MORTGAGE, LTD 2 7.19% $12,234
    HOMESPIRE MORTGAGE CORPORATION 2 6.50% $19,112
    Hometown Equity Mortgage, LLC 2 5.88% $24,012
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.00% $12,289
    NORWICH COMMERCIAL GROUP, INC. 2 7.00% $40,051
    OCMBC, INC. 2 8.00% $26,502
    PENTAGON FEDERAL CREDIT UNION 2 5.94% $12,949
    Presidential Bank, FSB 2 6.06% $23,023
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.63% $25,520
    SUCCESS MORTGAGE PARTNERS, INC. 2 6.13% $33,884
    UNION HOME MORTGAGE CORP. 2 6.38% $22,709
    U.S. Bank 2 6.75% $9,779
    Mortgage Research Center, LLC 1 6.50% $11,561
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.63% $12,741
    First Option Mortgage, LLC 1 6.75% $17,314
    Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $17,383
    M&T Bank 1 6.13% $15,826
    FIRST COMMUNITY MORTGAGE, INC. 1 6.99% $26,483
    MY MORTGAGE, INC. 1 7.75% $12,009
    NATIONWIDE MORTGAGE BANKERS, INC. 1 7.63% $18,073
    First-Citizens Bank & Trust Company 1 5.63% $9,074
    Evolve Bank & Trust 1 7.75% $17,971
    Watermark Capital, Inc. 1 5.75% $50,077
    NVR Mortgage Finance, Inc. 1 6.63% $24,151
    Ameris Bank 1 6.25% $16,007
    Equity Prime Mortgage LLC 1 7.25% $8,769
    EMM LOANS LLC 1 6.75% $12,666
    AMERISAVE MORTGAGE CORPORATION 1 5.75% $21,070
    Pinnacle Bank 1 6.13% $30,053
    DAS Acquisition Company, LLC 1 6.25% $18,847
    CONTOUR MORTGAGE CORPORATION 1 6.25% $23,975
    ZILLOW HOME LOANS, LLC 1 6.63% $13,779
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.75% $17,872
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.75% $76,736
    City Lending Inc. 1 7.13% $16,758
    Bank of America 1 6.00% $37,924
    Residential Mortgage Solutions, Inc. 1 6.75% $16,562
    SOUTHERN TRUST MORTGAGE, LLC 1 6.50% $21,704
    VILLAGE CAPITAL MORTGAGE 1 6.75% $4,263
    SUN WEST MORTGAGE COMPANY, INC. 1 5.88% $21,482
    SWBC MORTGAGE CORPORATION 1 7.25% $3,396
    Texana Bank 1 6.58% $29,454
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.63% $9,830
    HOMESIDE FINANCIAL, LLC 1 6.63% $23,443
    The Federal Savings Bank 1 6.63% $19,441
    HOMESTEAD FUNDING CORP. 1 5.75% $16,435
    TOTAL MORTGAGE SERVICES, LLC 1 7.13% $20,020
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.13% $28,533
    JPMorgan Chase Bank 1 4.99% $16,709
    GUILD MORTGAGE COMPANY 1 5.88% $32,527
    Florida Capital Bank 1 5.63% $22,940
    Flagstar Bank, FSB 1 6.75% $12,980
    MORTGAGE EQUITY PARTNERS LLC 1 6.13% $23,176

    The top District Of Columbia FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 29 FHA loans originated. Their average total fees are $22,369, which is $3,115 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee District Of Columbia FHA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($13,929), Capital Bank ($17,026), QUICKEN LOANS, LLC ($19,254), MOVEMENT MORTGAGE, LLC ($19,665) and LOANDEPOT.COM, LLC ($20,344).

    The lowest rate District Of Columbia FHA lenders (with over 10 loans originated) are Vellum Mortgage, Inc. (6.16%), MOVEMENT MORTGAGE, LLC (6.21%), NEWREZ LLC (6.24%), QUICKEN LOANS, LLC (6.25%) and UNITED WHOLESALE MORTGAGE, LLC (6.25%).

    District Of Columbia 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 DISTRICT OF COL 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200

    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).