What is the minimum down payment for an FHA loan in Washington State?+
FHA loans generally allow eligible borrowers with credit scores of 580 or higher to make a down payment of 3.5%. On a $450,000 home, that equals $15,750 before closing costs. FHA loans are government-insured mortgages originated through approved private lenders; NEXA Lending is a private mortgage company not affiliated with any government agency.
Can I qualify for an FHA loan in Puyallup with a 580 credit score?+
A 580 credit score may satisfy the FHA minimum for financing with 3.5% down, although lenders can impose stricter requirements. Applicants must also meet income, debt, employment, property, and underwriting standards. NEXA Lending is a private mortgage company and is not affiliated with FHA, HUD, or another government agency.
Can I get an FHA mortgage in Washington with a credit score below 580?+
FHA guidelines may permit eligible borrowers with scores between 500 and 579 to finance a home with at least 10% down, but many lenders apply higher minimums. A score below 580 can therefore significantly narrow available options. NEXA Lending is a private mortgage company, not a government agency or government affiliate.
Do I have to be a first-time homebuyer to use an FHA loan in Washington?+
No. FHA loans are available to eligible first-time and repeat homebuyers, provided they meet applicable program requirements. FHA financing is generally intended for a qualifying primary residence rather than a vacation home or conventional investment purchase. NEXA Lending is a private mortgage company not affiliated with FHA or HUD.
What was the FHA loan limit in Pierce County, Washington, in 2025?+
The 2025 FHA one-unit loan limit for the Seattle–Tacoma–Bellevue lending area, including Pierce County and King County, was $1,037,300. This was higher than the national FHA floor of $524,225 for a one-unit property. These figures apply to 2025; NEXA Lending is a private mortgage company not affiliated with FHA, HUD, or any government agency.
How much FHA mortgage insurance will I pay on a home in Washington?+
Many standard FHA purchase loans require an upfront mortgage insurance premium of 1.75% of the base loan amount and an annual premium that varies by loan characteristics. For many 30-year loans with a balance of $726,200 or less and a down payment below 5%, the annual premium is 0.55%, subject to current FHA rules. NEXA Lending is a private mortgage company, not affiliated with FHA or HUD.
Can I use an FHA loan to buy a duplex in Tacoma or Puyallup?+
FHA financing may be available for properties containing two to four residential units when the borrower occupies one unit as a principal residence. The property must meet FHA requirements, and qualifying rental income may be considered under applicable underwriting rules. NEXA Lending is a private mortgage company not affiliated with FHA or another government agency.
Can FHA closing costs be covered by seller credits or down payment assistance in Washington?+
FHA transactions may permit seller contributions toward eligible closing costs, subject to FHA limits and program rules. Qualified borrowers may also use compatible down payment assistance programs, including eligible Washington State Housing Finance Commission options. NEXA Lending is a private mortgage company not affiliated with FHA, HUD, or any government agency.
