FHA loans in Kent, Washington — low down payment FHA mortgage
Kent FHA Loans

FHA Loans in Kent, Washington: Low Down Payment, Flexible Credit

In Kent, FHA financing is the first program many buyers compare, for a reason: the minimum investment is small, the credit floor is forgiving, the ratios allow for compensating factors, and the program is insured by HUD rather than priced by a private insurer.

Current Program Snapshot

Current FHA guidelines, updated from one source.

Every figure in this block comes from one guideline source built on HUD’s handbook and updates here when the rules change. These are purchase terms; refinance leverage and the seller-contribution limit are summarized under the ladders.

Minimum Investment
3.5% down

Up to 96.5% loan-to-value on a purchase

A 3.5% minimum investment opens a purchase at up to 96.5% loan-to-value; the investment can be the buyer’s own funds, a gift from a family member or other acceptable donor, or approved secondary financing.

Credit
580

Decision score for maximum financing

The program opens at a 580 decision score for maximum financing; borrowers without a usable score are eligible under manual underwriting on non-traditional credit, and the ratios then follow the manual ladder below.

Mortgage Insurance
1.75% upfront

Plus 0.50%–0.55% a year on most thirty-year loans

FHA mortgage insurance has two parts: 1.75% upfront, which is added to the loan, and an annual premium of 0.50%–0.55% on most thirty-year loans, charged monthly; the ladder below shows the schedule by loan size, leverage, and duration.

Qualifying Ratios
31/43

Housing and total debt, manual reference

Ratios are a ladder rather than a wall: 31/43 with nothing extra, more with one documented factor, and 40/50 with two. Borrowers below the maximum-financing score are held to the base ratios.

FHA manual qualifying ratios — the housing and total debt ratios allowed at each decision-score tier, and what it takes to stretch them
Decision scoreHousing / totalCompensating factors
500–579 or no credit score31% / 43%not applicable — ratios may not exceed 31/43 (energy efficient homes 33/45)
580 and above31% / 43%no compensating factors required (energy efficient homes 33/45)
580 and above37% / 47%one of: verified and documented cash reserves; minimal increase in housing payment; residual income
580 and above40% / 40%no discretionary debt
580 and above40% / 50%two of: verified cash reserves; minimal increase in housing payment; significant additional income not reflected in effective income; residual income
Annual mortgage insurance on loans longer than fifteen years — HUD’s schedule by loan size and leverage, and how long it is paid
Base loanLeverageAnnual premiumDuration
Standard base loan amountsat or below 90% LTV0.50%11 years
Standard base loan amountsabove 90% to 95% LTV0.50%mortgage term
Standard base loan amountsabove 95% LTV0.55%mortgage term
Larger base loan amountsat or below 90% LTV0.70%11 years
Larger base loan amountsabove 90% to 95% LTV0.70%mortgage term
Larger base loan amountsabove 95% LTV0.75%mortgage term

Refinances: rate-and-term to 97.75% loan-to-value on a home occupied for the past year; cash-out to 80% after twelve months of ownership and occupancy; streamline refinances of an existing FHA loan without an appraisal. Sellers and other interested parties may contribute up to 6% of the price toward closing costs; the entire minimum investment may be a gift.

Current FHA snapshot · updated October 1, 2026 · owner-occupied principal residences, one to four units · county loan limits apply — ask a Lendmire loan officer for the limit where you are buying · FHA loans are assumable · Lendmire is not affiliated with FHA or HUD.

Program Notice

This page describes program parameters, not an offer. The investment, the premiums, the score tiers, and the ratios are FHA guidelines and lender overlays, subject to change without notice and to full underwriting; the appraisal, the credit report, the property, and the county limit decide every file. No rate, payment, or cost is stated here; a licensed Lendmire loan officer provides them in writing. Lendmire is a mortgage broker, never the lender, licensed for consumer mortgage lending in sixteen states, and not affiliated with FHA, HUD, or the federal government. Lendmire, LLC, NMLS #2371349. Equal Housing Opportunity.

Kent FHA Loan Guide

What an FHA loan is — and how the file is qualified.

The mechanics are the same on every Kent FHA file: the buyer brings the minimum investment, the decision score sets the leverage, the premiums insure the loan, and the ratios decide what payment the income supports. Here is how each one works.

For the program overview, see Lendmire’s FHA loan program, or the statewide guide at FHA Loans in Washington.

01.

The minimum required investment

HUD requires the buyer to invest a set share of the lesser of the price and the appraised value; the loan covers the rest. On a Kent purchase the investment can be the buyer’s own savings, a gift from a family member or another acceptable donor, or approved secondary financing, and closing costs are separate from it.

02.

The decision score sets the leverage

FHA reads credit through the decision score, and the threshold for maximum financing is far below conventional norms. A thin file or a non-traditional credit history is not a bar: it is underwritten manually on rent, utilities, and other payment records, with the ratios held to the base table.

03.

Two premiums: upfront and annual

The annual premium is where FHA and conventional diverge most: private mortgage insurance on a conventional loan cancels as equity grows, while the FHA annual premium on a full-leverage thirty-year loan lasts for the term. A Kent buyer who expects to refinance out of FHA later treats the premium as a bridge.

04.

Qualifying ratios and compensating factors

The ratios are a ladder: a base pair with nothing extra, a higher pair with one compensating factor, a pair for borrowers with no discretionary debt, and the top pair with two factors. Files scored by HUD’s automated system follow the system’s finding, which commonly allows more than the manual table.

The Core Calculation
Purchase price − investment = base loan → + upfront premium = total loan → principal, interest, annual premium, taxes, insurance, dues = monthly payment

Every input is yours to change in the calculator below: the Kent price, the down payment, the term, the rate, and the escrows. The minimum investment, the premiums, and the ratios come from the program; the payment is what follows from them.

Kent Market Context

Where Kent’s first-time and moderate-income buyers shop — and how FHA fits.

Before the calculator, the context: how many Kent households own their homes, what those homes are worth on the latest estimate, and what households earn. Each figure shapes the size of a typical FHA purchase.

Citywide figures provide general market context, not an appraisal or an income calculation. A high median value means a larger minimum investment and a larger premium in dollars; a modest median value means a file that clears the county limit easily. Neither changes the program’s percentages, only what they amount to.

135,603Population (ACS 2020–2024)
$587,800Median owner-occupied home value (ACS 2020–2024)
57.2%Households that own their home (ACS 2020–2024)
$92,302Median household income (ACS 2020–2024)

Data sources: U.S. Census Bureau — ACS 5-Year (2024) housing and population estimates, including tenure, home values, gross rents, and household income.

Kent Submarkets

Distinct Kent neighborhoods, distinct FHA files.

Six Kent neighborhoods, six FHA pictures: the cards below describe the housing stock, the price range, and the program question that comes up most in each.

01.

Higher-value homes

On Kent’s higher-value homes the FHA loan runs into the county limit before anything else. A buyer above it brings a larger investment to bring the loan under the cap, or moves to a conventional loan; the loan officer confirms the current limit before the offer. Kent counts a population near 136K within the Seattle-Tacoma-Bellevue, WA area.

02.

Two-to-four-unit homes

The multi-unit Kent file is where FHA’s leverage does the most work: a small investment on a two- to four-unit property, the buyer in one unit, and the other units’ rent documented toward the ratios the way HUD allows. About 43% of Kent’s households rent — roughly 20,195 renter households on the latest Census estimate.

03.

Newer infill and recent construction

On newer construction in Kent the FHA appraisal is usually uneventful; the program questions are the county limit and whether the ratios carry the price once the upfront and annual premiums are added to the payment. Roughly 26,961 Kent households own their homes on the latest Census estimate — 57% of all households, the pool an FHA purchase joins.

04.

Condominiums and townhomes

In Kent, a condominium near the job is the first home many buyers can reach; the program pairs with it as long as the project clears HUD’s review or the unit qualifies on its own, and the file is otherwise the same as for a house. The median owner-occupied home value in Kent runs near $587,800 on the latest Census estimate.

05.

Established close-in neighborhoods

The Kent neighborhoods closest to the core hold the oldest housing stock, and the FHA appraisal reads condition as well as value there: peeling paint, aging roofs, and missing handrails bring required repairs, usually settled by the seller before closing. Median household income in Kent sits near $92,302 on the latest Census estimate.

06.

Historic districts

A historic Kent home is eligible like any other, with the appraiser’s condition findings as the usual detour. Buyers and sellers who expect them settle the repairs in the contract rather than at the closing table. On a home at Kent’s median value, the FHA minimum investment comes to about $20,600 — the cash the program asks a buyer to bring before closing costs.

Across Kent, the same questions settle every FHA loan: what the appraiser finds, whether the property meets HUD’s standards, whether the buyer will occupy it, where the decision score lands, and what the ratios support.

How Kent Buyers Use FHA

Four ways Kent buyers put an FHA loan to work.

Kent borrowers use FHA for a handful of reasons that repeat: the first purchase with a small investment, the purchase on a recovering credit profile, the refinance of an existing FHA loan, and the cash-out refinance on a home with equity.

Streamline

Refinance an existing FHA loan

A Kent homeowner with an existing FHA loan can refinance it through the streamline program without an appraisal, with a limited credit review, and with a net tangible benefit required; the existing loan’s seasoning and payment history are what the lender checks.

Condominium

Buy a condominium in an approved project

A Kent condominium is an FHA purchase when the project holds HUD approval or the unit qualifies for single-unit approval; the association’s dues enter the ratios, and the appraisal addresses the project as well as the unit.

House hacking

Buy a small multi-unit home and live in one unit

The multi-unit purchase is where FHA’s leverage does the most work: a Kent buyer brings the minimum investment on a two- to four-unit property, occupies one unit, and qualifies with the rent from the others counted as HUD allows.

Cash-out

Take cash out of a home with equity

The cash-out refinance replaces the Kent home’s first mortgage with a larger FHA loan and hands over the difference, after twelve months of occupancy and with the premiums applied to the new loan; the ratios and the payment history decide the file.

FHA Payment Estimate

Estimate the FHA payment on a Kent price before requesting a quote.

The calculator applies HUD’s structure to a Kent scenario: enter the price and the down payment, pick the term, and it returns the base loan, the upfront premium financed, the total loan, principal and interest, the monthly premium for that leverage and loan size, taxes and insurance, and the ratios if you enter income. The rate field carries the weekly Freddie Mac benchmark as a market reference, not a quote.

Editable FHA scenario

Kent FHA payment estimate

The defaults are Kent context, not your file: enter the real price, the real down payment, and the real escrows.

Editable benchmark: 7.03% as of September 24, 2026 · Freddie Mac 30-year average via FRED®. A conventional market reference, not an FHA loan quote.

—FHA minimum investment on this price.
—Annual mortgage insurance rate applied, and for how long.

Illustrative starting assumptions: a $590,000 price near Kent’s median owner-occupied home value (kept where an FHA loan is realistic in most counties), the FHA minimum investment as the down payment, a thirty-year term at the current Freddie Mac benchmark, property taxes and insurance estimated for Washington (U.S. Census Bureau). Every field is editable.

Estimated total monthly housing payment
—
Principal and interest, FHA mortgage insurance, taxes, insurance and dues, on the total loan with the upfront premium financed.
—Down payment
—Base loan amount
—Upfront mortgage insurance premium, financed
—Total loan amount
—Principal and interest
—Monthly FHA mortgage insurance
—Taxes, insurance and dues
—Housing and total debt ratios (with income entered)
—Where the file lands

Illustrative estimate only — not a Loan Estimate, approval, quote, or commitment to lend. The rate field carries the weekly Freddie Mac thirty-year conventional benchmark, a market reference and not an FHA loan quote; your rate is set by the lender at lock. FHA mortgage insurance follows HUD’s published schedule for the term, leverage and loan size entered; taxes, insurance and dues are editable estimates; closing costs are not included; county loan limits are not checked here. Licensed in sixteen states for consumer mortgages. Lendmire is not affiliated with or acting on behalf of FHA, HUD, or the federal government.

FHA vs. the Alternatives

Same buyer, three very different closings.

Before deciding on FHA, it helps to see what it is not: not the only low-down-payment route, not the only forgiving-credit route, and not the cheapest insurance for a strong profile. The comparison below puts the three next to each other for a Kent buyer.

Structure Comparison

FHA, conventional with mortgage insurance, or VA.

FHA with the minimum investment

A small minimum investment that a gift can cover, a forgiving decision score, ratios that stretch with compensating factors, and HUD insurance priced by schedule rather than by score. The annual premium on a full-leverage thirty-year loan lasts for the term; many borrowers refinance out of it later.

Conventional with private mortgage insurance

Where FHA charges by schedule, conventional charges by score. A Kent buyer with strong credit and a small down payment may find the private premium smaller and the payment lower; a buyer with a modest score will not. See Lendmire’s conventional loan program.

VA for an eligible borrower

A Kent buyer with VA eligibility rarely needs FHA: the VA loan carries no down payment and no monthly insurance, and the funding fee is the only program cost. FHA is the fallback where entitlement is used up or the property does not fit. See Lendmire’s VA loan program.

Where each one fits

The decision is rarely close once the profile is known. FHA tends to fit the modest score, conventional the strong score with equity to come, and VA nearly any file with eligibility. The comparison is run on the actual numbers, in writing.

Typical File Components

What to prepare for a Kent scenario review.

What the lender looks at on a Kent FHA loan, and what you can gather before the review.

Asset statementsTwo months of bank statements showing the funds for the investment and closing costs, with large deposits explained and any gift documented by letter and transfer.
Compensating factorsReserves, a payment history showing a minimal increase in the housing payment, or residual income, each documented, where the ratios run above the base table.
Gift documentationA gift letter from an acceptable donor stating no repayment is expected, plus evidence of the transfer, where the minimum investment comes from a gift.
Income documentationRecent pay stubs, two years of W-2s, and two years of tax returns where self-employment or other income applies; the lender documents stability and continuance.
Property detailsAddress, property type, unit count, and for a condominium the association contact, so the project approval question is answered before the appraisal.
Housing payment historyTwelve months of rent or mortgage payments, by canceled checks or statements, where the credit report does not show them; housing history carries weight.

This is a general preparation guide, not a universal checklist. The selected lender may request additional information based on the transaction, the property, the credit profile, and the income picture. Nothing here is legal or tax advice.

Kent File Considerations

Local details that can change the loan.

The program’s percentages are only part of the answer; these are the details that decide what a Kent FHA file actually becomes once the appraisal and the credit report arrive.

Before You Move Forward

Use these checks to keep the Kent file clean and fundable.

Run these before asking for a quote: know where the decision score lands, know how long the annual premium runs at your leverage, and know that the property and the price fit the program and the county limit.

  • Confirm the score: a self-pulled score can land differently from the decision score.
  • Know the premium: the exit from the premium is a refinance, not an equity threshold.
  • Check the limit: limits change every year and differ by unit count.
i.

The decision score decides the leverage

The score the program uses is the lender’s, not an app’s. A Kent file lands on maximum financing at the threshold shown in the snapshot, and the threshold is also where the compensating-factor ladder opens; below it the ratios are held to the base table.

ii.

How long the annual premium runs

On a thirty-year loan at full leverage the annual premium runs for the term; it ends after eleven years only when the loan started at or below ninety percent loan-to-value. A Kent buyer at the minimum investment carries it until a refinance or payoff, which is why many plan a refinance later.

iii.

The county loan limit

FHA caps the loan by county, and the cap changes each year. A Kent purchase above the county limit cannot close as an FHA loan at the program’s leverage; a larger investment brings the loan under the cap, or a conventional loan takes the file.

iv.

Occupancy and the non-occupying co-borrower

Occupancy is a promise the lender documents and HUD enforces. A Kent file with a non-occupying co-borrower keeps full leverage when the co-borrower is a family member and the home is a single unit; otherwise the leverage is reduced under HUD’s rule.

v.

Seller contributions and the minimum investment

A Kent contract can shift most of the closing costs to the seller within the program’s limit, which leaves the buyer bringing the minimum investment and little else. The investment must be the buyer’s own or a gift; the contributions cover the rest.

A Clear Process

From a Kent pre-approval to keys in hand.

An FHA file moves in a set order: pre-approval on the decision score and the ratios, the contract and the appraisal with HUD’s property standards, underwriting with any compensating factors documented, and closing with the premiums applied. The steps for a Kent buyer follow.

i.

Pre-approval

The first conversation settles the shape: where the decision score lands, what the ratios support, whether a gift will cover the investment, and whether FHA is the right program next to conventional and VA for the Kent purchase.

ii.

Contract and appraisal

The appraisal is the FHA step that surprises buyers most: it reports on condition as well as value. Required repairs are negotiated with the seller, and a low value raises the investment; the Kent contract is adjusted or the file moves on.

iii.

Underwriting

The file is scored by HUD’s automated system or underwritten manually, with income, assets, credit, and any compensating factors documented. Seasoning after a credit event is confirmed from the discharge or transfer papers, and the ratios are measured on effective income.

iv.

Closing

Closing is where the premiums become real: the upfront premium is financed into the total loan and the annual premium is part of the payment from month one. The Kent buyer takes the keys and HUD insures the lender.

Why Lendmire

A brokerage that matches the program to the buyer.

Lendmire is a mortgage brokerage licensed for consumer lending in sixteen states. On an FHA loan that means the program run against conventional and VA on the same numbers, the decision score and the premium schedule explained before the offer, and the terms in writing from a licensed loan officer.

i.

Three programs, one set of numbers

FHA, conventional, and VA are run on the same Kent price, score, and income before a recommendation is made. The buyer sees the payment, the insurance, and the cash to close on each, and the choice is made on the figures rather than on habit.

ii.

The premium explained before the offer

No Kent buyer should learn at the closing table that the premium lasts for the term. The loan officer walks through the upfront premium, the annual premium, and the duration for the leverage chosen, and shows the conventional alternative on the same numbers.

iii.

Licensed, consumer-purpose, in writing

The parameters on this page are HUD’s and the wholesale overlays’; the terms for a specific Kent loan come from a licensed loan officer, in writing, after the review. Lendmire is a broker, never the lender, and not affiliated with the federal government.

Client Experiences

Trusted by first-time buyers & families alike.

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Joseph Edwards
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Highly recommend, Cori was awesome to work with and had great communication. She was very helpful and got us through everything to close.
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K Star Real Estate LLC
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Cori on the Lendmire team was phenomenal! She was two steps ahead through the entire process of purchasing an investment property. She was solving problems before anyone knew there could have been a problem. Great communication, great availability, all around a great person to work with. She is the reason our deal closed. We look forward to working with her again in the very near future!
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Tristen Mosley
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Alayna Pack is very knowledgeable, helpful, communicative, and transparent. Highly recommend.
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J Mills
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Leigh is absolutely the best! Professional yet personable, diligent, and incredibly responsive. She was with us throughout the process and helped us secure a competitive rate. Leigh went above and beyond to make sure all of our questions were answered, and offered deep explanations for questions that arose. We felt supported through the entire process and trust her expertise completely. 5 stars!
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Tyjuana Atkinson
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Awesome experience!!!!!!! Leigh had our best interest at heart from beginning to the end.
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Anna Hernandez
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Curt Galbraith was a Great Loan Originator and goes above and beyond for his clients, working with him on this transaction was so easy. I would recommend him for any Buyers looking to Buyer or Refinance. Great Service all around
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RustynKelli Shelton
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Brenda is absolutely one of the most professional hardworking lenders we have ever dealt with; she’s helped clients of ours and now us personally. Her communication is top notch, you never feel like you’re forgotten or left to figure things out on your own, great to answer questions and explain each step. Definitely recommend Brenda to walk along beside you in your purchase process!
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Isaac Alonzo
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As a first time home buyer Curt Galbraith was a wonderful man, he explained everything i had questions about and took time out of his day to meet up late at nights after my night shift, to explain things to me .Over all Curt was really helpful all through closing and always there when you needed him. Thank you so much Curt for helping me through out the whole process.
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Jason Fleck
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Brenda, Samantha and the Lendmire team were absolutely fantastic to work with. We had to jump through some major hurdles to get this home done, which most lenders would have gave up, they kept pushing to get this home done for us. I would absolutely recommend Brenda and team to anybody. Thank you so much for your commitment, communication, perseverance through the whole process. Jason & Brooke
Questions Kent Buyers Ask

Kent FHA loan FAQs

What an FHA loan is, how much it takes to buy, what score it needs, what the mortgage insurance costs, and how the county limit works, answered for Kent buyers.

What is an FHA loan, and who is it for?

An FHA loan is the mortgage a Kent first-time buyer should compare first: insured by HUD, offered through lenders, written to a small minimum investment and a forgiving credit standard, and priced with mortgage insurance rather than a credit-based premium.

How much do I need to put down on an FHA loan in Kent?

The minimum required investment shown in the snapshot, measured on the lesser of the purchase price and the appraised value. It can be the buyer’s own funds, an acceptable gift, or approved secondary financing, and closing costs are separate; a seller may contribute toward those up to the program’s limit.

What credit score do I need for an FHA loan?

The threshold in the snapshot, read as the lowest middle score among the borrowers. Below it HUD allows a reduced-leverage loan, but the programs Lendmire places FHA loans with begin at the threshold. A thin or non-traditional credit file can qualify under manual underwriting.

How does FHA mortgage insurance work, and how long do I pay it?

The upfront premium is added to the loan at closing; the annual premium is part of every payment. How long the annual premium lasts depends on the leverage at origination: eleven years when the loan starts at or below ninety percent of value, otherwise the life of the loan. The snapshot ladder shows the schedule.

What is the FHA loan limit in Kent?

There is a county limit, and it is the first thing confirmed on a Kent file near the top of the market. The loan officer provides the current figure; above it the options are a larger investment or a conventional loan.

What debt-to-income ratio does FHA allow?

The reference pair in the snapshot with nothing extra, higher pairs with one or two documented factors, and a special pair for borrowers with no discretionary debt. Effective income is the base, and the lender documents it.

Can I combine an FHA loan with down payment help?

Yes. HUD allows approved secondary financing to fund the investment, and the Down Payment Assistance program page describes the options that pair with an FHA first lien in Washington.

Can I take cash out with an FHA refinance?

It is available after twelve months of ownership and occupancy, at the leverage shown in the snapshot, on a principal residence only. The new loan is an FHA loan with the full premium structure.

Is an FHA loan assumable?

FHA loans are assumable with lender approval of the new borrower. The feature costs nothing at origination and can matter years later when the home is sold.

Can I buy a duplex or fourplex with an FHA loan?

Yes. Occupy one unit, count the others’ rent as HUD allows, and expect a self-sufficiency test on three- and four-unit homes. The county limit is higher for more units.

Get Started

A Kent FHA loan sized to the price, the score, and the ratios.

Ready when you are: a Kent review sizes the loan, settles the program, and delivers the written terms. Nothing on this page is a commitment to lend.