Loan programs
FHA loans in Washington
FHA loans are insured by the Federal Housing Administration, which lets lenders offer low down payment options and more flexible credit guidelines than most conventional loans. They're popular with first-time buyers, buyers rebuilding credit, and anyone who wants to keep more cash in the bank after closing.
Reviewed by Clint Aguon, CEO & Loan Officer · NMLS #1893008 · Updated September 2026
FHA loan requirements
- Credit: FHA guidelines allow lower scores than conventional loans; many lenders look for a score of 580 or higher. Lower scores may still qualify with conditions.
- Debt-to-income: FHA can allow higher debt-to-income ratios than conventional loans when the rest of your file is strong.
- Primary residence: the home must be where you live.
- Mortgage insurance: every FHA loan has an upfront mortgage insurance premium (usually rolled into the loan) and an annual premium paid monthly.
- Property standards: the FHA appraisal also checks that the home is safe and sound.
2026 FHA loan limits in Washington
FHA limits depend on the county. For a single-family home in 2026:
| County | 2026 FHA limit (1 unit) |
|---|---|
| King, Snohomish, Pierce | $1,063,750 |
| Lowest-cost counties (the national floor) | $541,287 |
| Other counties | Between the two — ask us for yours |
See every Washington county's limit
FHA vs. conventional
FHA is often the better fit if your credit score is in the fair range or your down payment is small. Conventional can cost less if your credit is strong, because conventional mortgage insurance can be removed as you build equity while most FHA loans keep it for years. We'll price both so you can compare.
FHA refinancing
If you already have an FHA loan, an FHA Streamline Refinance can lower your rate with limited paperwork and often no new appraisal.
FHA FAQs
Are FHA loans only for first-time buyers?
No. Anyone who meets the guidelines and will live in the home can use one.
Can I get an FHA loan for a condo?
Yes, if the condo project is FHA-approved or qualifies through a single-unit approval.