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FHA Loans Seattle


FHA Home Loan Seattle

An FHA loan provides a government-insured loan with flexible loan options. Less strict credit requirements and qualifications make this loan the easiest loan for buying a home or refinancing. Save money with an easy and fast FHA loan, qualifying is simple!

How it Works/Payments

Qualification Requirements

FHA Home Loans Seattle

  • Credit scores as low as 580 may qualify
  • Refinance up to 97.75% of your primary home’s value
  • Buy a home with as little as 3.5% down (primary home)

Got questions?  Give us a call!  One of our mortgage specialists would be happy to answer all of your questions and get you started with a great low rate today!

Working with Fast Track Mortgage

  • We put YOU first.
  • Fast Track mortgage broker offers some of the most competitive rates.
  • Fast and efficient, we close most of our loans in 30 days or less.

*Fast Track mortgage broker Inc. is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA or the Federal Government.

Adams County $356,362 $685,400 Asotin County $356,362 $685,400 view details »Benton County $356,362 $685,400 view details »Chelan County $371,450 $714,350 view details »Clallam County $384,100 $738,650 view details »Clark County $517,500 $995,200 view details »Columbia County $356,362 $685,400 view details »Cowlitz County $356,362 $685,400 view details »Douglas County $371,450 $714,350 view details »Ferry County $356,362 $685,400 view details »Franklin County $356,362 $685,400 view details »Garfield County $356,362 $685,400 view details »Grant County $356,362 $685,400 view details »Grays Harbor County $356,362 $685,400 view details »Island County $431,250 $829,350 view details »Jefferson County $356,362 $685,400 view details »King County $776,250 $1,492,800 view details »Kitsap County $435,850 $838,200 view details »Kittitas County $356,362 $685,400 view details »Klickitat County $356,362 $685,400 view details »Lewis County $356,362 $685,400 view details »Lincoln County $356,362 $685,400 view details »Mason County $356,362 $685,400 view details »Okanogan County $356,362 $685,400 view details »Pacific County $356,362 $685,400 view details »Pend Oreille County $356,362 $685,400 view details »Pierce County $776,250 $1,492,800 view details »San Juan County $497,950 $957,600 view details »Skagit County $405,950 $780,650 view details »Skamania County $517,500 $995,200 view details »Snohomish County $776,250 $1,492,800 view details »Spokane County $356,362 $685,400 view details »Stevens County $356,362 $685,400 view details »Thurston County $405,950 $780,650 view details »Wahkiakum County $356,362 $685,400 view details »Walla Walla County $356,362 $685,400 view details »Whatcom County $442,750 $851,450 view details »Whitman County $356,362 $685,400 view details »Yakima County $356,362 $685,400 view details »

How to qualify for an FHA Loan in Washington State?

To qualify for an FHA loan in Washington, your home loan must be below the local FHA loan limits in your area. For 2021, the maximum loan limit in Washington is $356,362 for a single-family home and $1,492,800 for a four-plex. Limits varies by county. The minimum loan limit is $5,000.

Loan limits vary by county and home size. In addition to loan limits, to qualify for an FHA loan you must live in the home as your primary residence. If you're purchasing a multi-family home, the monthly Fair Market Rent (FMR) for the property must exceed 1% of the purchase price. FHA loans cannot be used for commercial real estate investment purposes or "flipping" homes in Washington. Additional restricts apply. Click on the Washington map above or the table below to see loan limits in your area.

FHA LOANS MORTGAGES SEATTLE

How to qualify for an FHA Loan in Washington State?

To qualify for an FHA loan in Washington, your home loan must be below the local FHA loan limits in your area. For 2021, the maximum loan limit in Washington is $356,362 for a single-family home and $1,492,800 for a four-plex. Limits varies by county. The minimum loan limit is $5,000.

Loan limits vary by county and home size. In addition to loan limits, to qualify for an FHA loan you must live in the home as your primary residence. If you're purchasing a multi-family home, the monthly Fair Market Rent (FMR) for the property must exceed 1% of the purchase price. FHA loans cannot be used for commercial real estate investment purposes or "flipping" homes in Washington. Additional restricts apply. Click on the Washington map above or the table below to see loan limits in your area.


Downpayment Assistance FAQ

How can I get this assistance?
Our downpayment assistance is only for homebuyers who use our home loan programs, either Home Advantage or Opportunity. If your household income is under the program limits (up to $160,000), your credit score is at least 620, and you’re otherwise qualified for a home loan, you are probably eligible.

How much assistance can I get?
It varies by program (see the list above), but $10,000 is the average amount for a typical homebuyer.

So it’s a loan that I pay back?
Yes. The interest rate is very low, from 0% to 4% depending on the program. It is wrapped into your main home mortgage, so you don’t have two bills to pay. Also, most of our downpayment loans are payment deferred—meaning no payment is due until the mortgage is paid off or until you sell, transfer, move out of or refinance the property.

You have a lot of downpayment programs. How do I know which one is right for me?
Ask your lender—or, fill in this quick form with information about your location, household size and income. One of our Homeownership staff will reply with recommendations just for you.

Programs Available Statewide Programs for Specific Areas

Home Advantage DPA
Up to 4% of the first mortgage total or gross loan amount, for borrowers using our Home Advantage loan or up to 5% using our Home Advantage conventional or FHA loan.

Home Advantage DPA Needs Based Option
Up to $10,000, for borrowers using our Home Advantage loan and under certain income limits.

Opportunity DPA
Up to $15,000, for borrowers using our House Key Opportunity loan.

Veterans Seattle
Up to $10,000 for military veterans who have served our country.

HomeChoice
Up to $15,000 for buyers with a disability or disabled family member living with them.

Seattle fha
Up to $55,000 for buyers within the city limits of Seattle.

ARCH East King County
Up to $30,000 for buyers within an ARCH member city or area (east King County).

Bellingham
Up to $40,000 for people buying within the city limits of Bellingham.

Tacoma
Up to $20,000 for buyers within the city limits of Tacoma.

Pierce County
Up to $24,900 for people buying within the Pierce County limits.

 

HOURS
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Tue:  8:00 AM – 6:30 PM
Wed:  8:00 AM – 6:30 PM
Thu:  8:00 AM – 6:30 PM
Fri:  8:00 AM – 6:30 PM
Sat:  9:30 AM – 1:30 PM
Sun:  CLOSED
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FAST TRACK MORTGAGE | SEATTLE, WA
Mortgage Company NMLS COMPANY 1761573 | BRANCH 2187039 | ZACH 130631
10000 Aurora Ave N Ste 2
Seattle, WA 98133
206.594.0933
462-423-4718 (fax)