98516 Homes with FHA Terms

98516 Homes with FHA Terms

Welcome to the charming community of zip code 98516, nestled in the heart of Thurston County, Washington. This vibrant area is known for its unique blend of natural beauty, suburban convenience, and a welcoming atmosphere that makes it an ideal place to call home. With picturesque landscapes, lush greenery, and a variety of recreational opportunities, residents enjoy a quality of life that is both peaceful and fulfilling.

The 98516 zip code encompasses the lovely town of Lacey, which is just a stone's throw away from Olympia, the state capital. Here, you’ll find a rich tapestry of parks, trails, and outdoor activities that cater to nature lovers and adventurers alike. From serene walks along the scenic lakes to invigorating hikes in nearby parks, the area is a haven for those looking to embrace the great outdoors.

For homebuyers, the 98516 area offers a range of housing options, including properties that qualify for FHA financing. This is great news for first-time buyers or those looking to invest in their dream home without a hefty down payment. With FHA terms, you can explore a variety of homes that fit your budget while still enjoying the benefits of homeownership in this desirable locale.

Whether you're drawn to the thriving local community, the convenience of nearby amenities, or the stunning natural surroundings, zip code 98516 has something for everyone. Come discover the charm of this Washington gem and find your perfect home today!

Newest 98516 Homes with FHA Terms

7108 Raptor Avenue NE, Lacey
$539,950
4 Beds ⋅ 3 Baths ⋅ 2591324 MLS ⋅ ACTIVE Status
Welcome home to this beautifully maintained 4-bedroom, 2.5-bath home with 2,141 sq. ft. of living space in Eagle Court. The bright, open-concept main level is ideal for everyday living and entertaining, featuring a spacious kitchen with granite countertops, stainless steel appliances, abundant cabinetry, and a large island overlooking the dining and living areas. A cozy gas fireplace anchors the living room, while large windows bring in plenty of natural light.The main level also includes a separate flex space that works well as a home office, study, playroom, or additional sitting area, giving the home extra versatility. Upstairs, the spacious primary suite features a walk-in closet, dual vanities, soaking tub, and separate shower, along with three additional bedrooms.Central A/C keeps the home comfortable year-round. Out back, enjoy an expansive patio and fully fenced yard with mature evergreen trees that create a natural privacy screen and help block views from neighboring homes, giving the backyard a more secluded feel.Complete with an attached 2-car garage and convenient access to I-5, JBLM, shopping, restaurants, and everyday amenities, this home offers an excellent combination of space, comfort, flexibility, privacy, and location.

7108 Raptor Avenue NE, Lacey

Listing Broker: Real Broker LLC; Dan Claugus; 855-450-0442; danielclaugus@gmail.com

7629 13th Avenue NE, Olympia
$474,900
4 Beds ⋅ 2 Baths ⋅ 2590356 MLS ⋅ ACTIVE Status
Welcome to this well-maintained single-level home offering comfortable living, thoughtful updates, and a convenient location close to shopping, dining, and everyday amenities. The spacious living room features a cozy fireplace, while the adjoining dining area connects easily to the kitchen and backyard patio. Recent improvements include a new furnace and heat pump, newer LVP flooring and carpet, fresh interior paint, updated lighting and ceiling fans, a newer electrical panel, resurfaced kitchen counters, and freshly painted cabinetry. The flexible floor plan offers multiple bedrooms, including a primary suite with private half bath and walk-in closet. Outside, the extended patio and fenced backyard provide plenty of room to relax, entertain, or play. The attached garage adds even more function with custom lighting and extra storage. With major systems already updated and plenty of practical improvements throughout, this move-in-ready home offers a great combination of comfort, convenience, and value.

7629 13th Avenue NE, Olympia

Listing Broker: Olympic Sotheby's Int'l Realty; Tim Lynch; 360-528-4160; tim@timlynchhomes.com

4522 Edgewater Boulevard NE, Lacey
$539,999
4 Beds ⋅ 3 Baths ⋅ 2590629 MLS ⋅ ACTIVE Status
Thoughtfully designed and spacious, this 4-bedroom, 2.5-bath Lacey home offers 2,400 SF of well-planned living space with a desirable two-story layout—and an assumable VA loan at an attractive 2.375% interest rate for qualified buyers, subject to lender approval and loan terms. The main level welcomes you with a comfortable living room anchored by a gas fireplace, a dedicated den/office, kitchen with eating space, and convenient utility room. Upstairs, the primary suite features a private bath and walk-in closet, complemented by three additional bedrooms and a second full bath. Hardwood, vinyl, and carpet flooring create a versatile mix of textures throughout, while double-pane/storm windows add everyday comfort. Outside, enjoy a patio, sprinkler system, level lot, sidewalk access, and territorial outlook. The attached 2-car garage provides 361 SF of covered parking and storage. Built in 2011 and located in an HOA community, this home brings together generous living space, practical design, and low-maintenance functionality. All HOA docs can be accessed at https://my.managementtrust.com

4522 Edgewater Boulevard NE, Lacey

Listing Broker: Real Broker LLC; Dustin Comey; 425-585-8025; dustin@veteranteam.us

4602 7th Avenue NE, Lacey
$470,000
3 Beds ⋅ 2 Baths ⋅ 2588521 MLS ⋅ ACTIVE Status
Enjoy the ease of one-story living in this inviting Lacey rambler, tucked away on a quiet cul-de-sac. Set on a nearly quarter-acre lot, this home offers a comfortable layout with nicely sized bedrooms and thoughtful updates throughout. The updated kitchen brings a fresh feel to the heart of the home, while the living room’s wood stove adds warmth and character. Stay comfortable year-round with A/C, and enjoy added efficiency with solar panels. Outside, the covered back porch creates a great spot for morning coffee, gatherings, or simply enjoying the peaceful surroundings, while established fruit trees add to the charm. A new roof in 2024 and newer septic system provide added peace of mind. Conveniently located close to town, minutes to North Thurston HS, and easy freeway & JBLM access, this home offers the best of a relaxed setting without giving up everyday convenience.

4602 7th Avenue NE, Lacey

Listing Broker: Real Broker LLC; Aaron N. Thomas; 253-740-7662; aaron@aaronthomashometeam.com

5209 Oystercatcher Lane NE, Olympia
$1,174,900
4 Beds ⋅ 3 Baths ⋅ 2589561 MLS ⋅ ACTIVE Status
RARE Lacey luxury home on 1.49 private acres in The Woodlands, a gated community near Hawks Prairie, Olympia & JBLM! Built in 2021, this exceptional 4-bedroom, 3-bath, 3,127 SF home offers the hard-to-find combination of newer construction, acreage, privacy, flexible living space & incredible Pacific Northwest outdoor living. The open-concept great room flows into a chef-inspired kitchen with quartz countertops, stainless appliances & large butler’s pantry. A dedicated home office/den plus spacious bonus room provide flexibility for working from home, guests, media or multigenerational living. Retreat to the luxurious primary suite with soaking tub, tiled walk-in shower & dual quartz vanities. Outside, the fully fenced 1.49-acre property feels like a private park with expansive lawn, mature fruit trees, established landscaping, fire pit & gazebo. Entertain year-round on the covered deck with stone-surround gas fireplace & TV hookup. The RARE 4-CAR SIDE-ENTRY GARAGE provides exceptional space for vehicles, storage, hobbies, a workshop & recreational gear. Convenient to Hawks Prairie shopping & dining, I-5, JBLM, Olympia & Tacoma. A standout choice for buyers searching for a Lacey WA luxury home, gated community, newer home with acreage, 4-car garage, home near JBLM or private Pacific Northwest estate! Enjoy the Woodlands gated community lifestyle - nearby NEW shopping center, eats, parks, golf course, & the Sound & more.

5209 Oystercatcher Lane NE, Olympia

Listing Broker: COMPASS; Nicole Braam; 253-237-2090; nicole.braam@compass.com

8818 Shepard Way NE, Lacey
$649,995
5 Beds ⋅ 4 Baths ⋅ 2588127 MLS ⋅ ACTIVE Status
Imagine ending the day with the sun setting over the 18th fairway & nothing left to do but enjoy the view. Welcome to 8818 Shepard Way NE, where thoughtful design, beautiful finishes, & more than $50k in seller upgrades come together to create a home that is effortlessly special. The moment you enter, the open-concept main level invites you to settle in & stay awhile.The gas fireplace anchors the living space,while the elevated kitchen takes center stage with an extensive one level island topped in quartz,creating the perfect gathering place for morning coffee,dinners,& entertaining.A second primary suite on the main level offers exceptional flexibility for guests or multigenerational living. Upstairs,you'll find 3 bedrooms & spacious primary suite designed to feel like your own private retreat. The beautifully remodeled primary bath is the kind of space you'll look forward to escaping to,with a soaking tub perfectly positioned for taking in those spectacular sunsets.The back patio becomes an extension of the home,overlooking the golf course & offering a front-row seat to pnw beauty.The thoughtful details continue with a Tesla EV charger in the garage,updates throughout,& a completed pre-inspection.Beautifully executed,thoughtfully designed,& ready for its next chapter.Experience the view,lifestyle,setting,& feeling of a home where the hard work has already been done.Listing agents are offering a 1 year home warranty.Also enjoy one year membership Hawks prairie Golf Course!

8818 Shepard Way NE, Lacey

Listing Broker: John L Scott Madrona Group; Danielle Caraway; 425-458-8377; dannicaraway@johnlscott.com

8533 Capstan Drive NE, Olympia
$495,000
3 Beds ⋅ 2 Baths ⋅ 2583332 MLS ⋅ ACTIVE Status
RAMBLER + MOVE-IN READY + PRIME LACEY LOCATION! Welcome home to the easy one-level living you've been searching for! This beautifully maintained 3-bedroom, 2-bath rambler delivers an open, inviting floor plan designed for both everyday comfort and entertaining. Step inside to hardwood floors, vaulted spaces, and a cozy gas fireplace that anchors the spacious living area. The open kitchen keeps everyone connected with a large island, generous workspace, and adjoining dining area—perfect for gatherings, game days, or casual nights at home. Retreat to the impressive primary suite featuring a vaulted ceiling, walk-in closet, and private 5-piece bath with room to relax and recharge. Two additional bedrooms offer flexibility for guests, an office, or hobby space. Outside, enjoy covered front AND back outdoor living, a partially fenced, low-maintenance yard, and newer interior and exterior paint that adds to the move-in-ready appeal. All appliances stay, including the newer washer and dryer! Add an attached 2-car garage and excellent access to I-5, JBLM, shopping, parks, and golf, and this home checks all the boxes. Single-level homes like this don't come along every day—come see why this one deserves to be at the top of your list!

8533 Capstan Drive NE, Olympia

Listing Broker: eXp Realty; Andre' Jones; 253-324-4167; andre.jones@exprealty.com

5171 Emily Way NE Unit #6, Lacey
$532,995
4 Beds ⋅ 3 Baths ⋅ 2589384 MLS ⋅ ACTIVE Status
Now open! Welcome to Ventura Crossing by D.R. Horton, a new construction community of 68 homes in Lacey! A charming covered front porch welcomes you to the Sherwood. This home begins to impress from its entry hallway leading to a powder room, garage, and roomy storage closet. At the end, a thoughtfully designed open-concept great room with ample dining space will mesmerize. The kitchen offers plentiful cabinetry and a convenient island. Upstairs, an expansive primary suite with walk-in closet, centrally located laundry room, three additional bedrooms and a full bath complete this lovely home. Hard surface flooring on the main level, quartz countertops, stainless steel appliances with gas range, and heat pump for A/C. Smart home technology and D.R. Horton's 10-year warranty come standard. Below market rates and buyer bonus incentives available through the preferred lender for qualified buyers. Buyers must register their real estate brokers prior to or during their first visit, including open houses.

5171 Emily Way NE Unit #6, Lacey

Listing Broker: D.R. Horton; Kevin Pier; 206-913-9339; ktpier@drhorton.com

5170 Emily Way NE Unit #7, Lacey
$480,995
3 Beds ⋅ 3 Baths ⋅ 2589424 MLS ⋅ ACTIVE Status
Now open at Ventura Crossing by DR Horton Homes. Exciting community amenities like a playground, and open spaces. With its convenient Lacey location, destinations like JBLM, the State Capitol, and Olympia's Historic District are all within reach. The Fir B offers 3 bed + loft/office, 2 1/2 bath w/ all the luxury of a new home. Huge kitchen island, slab quartz counters, gas range, stainless appliances w/tons of storage & A/C. Primary suite boasts separate bath & walk-in closet. Located only 15 min from JBLM. Below market rates and a $10,000 buyer bonus available through the preferred lender for qualified buyers. Buyers must register their brokers on the first visit including any open house. Come see what all the excitement is about.

5170 Emily Way NE Unit #7, Lacey

Listing Broker: D.R. Horton; Kevin Pier; 206-913-9339; ktpier@drhorton.com

5131 Emery Avenue NE Unit #42, Lacey
$475,995
3 Beds ⋅ 3 Baths ⋅ 2589428 MLS ⋅ ACTIVE Status
Welcome to Ventura Crossing, D.R. Horton's newest community in Lacey! Experience comfort and convenience in the PINE floor plan, elevation B - a 2-story alley-load home offering 1,392 sq ft with 3 bedrooms and 2.5 baths. The well-equipped kitchen features quartz countertops and a bright, spacious main level. Upstairs find the primary suite, two comfortable bedrooms, a laundry room, and two full bathrooms. Hard surface flooring, stainless steel appliances, a heat pump for year-round comfort, pre-wired 50-amp circuit for an EV charger, smart home technology, and D.R. Horton's 10-year warranty come standard. Estimated completion November 2026. Below market rates and buyer bonus incentives available through the preferred lender for qualified buyers. Ventura Crossing offers a park, open green spaces with mature trees, the nearby Western Chehalis Trail, and a convenient location minutes to I-5, JBLM, shopping, and recreation. Served by North Thurston School District.

5131 Emery Avenue NE Unit #42, Lacey

Listing Broker: D.R. Horton; Kevin Pier; 206-913-9339; ktpier@drhorton.com

5142 Emery Avenue NE Unit #49, Lacey
$629,995
4 Beds ⋅ 3 Baths ⋅ 2589437 MLS ⋅ ACTIVE Status
Now open! Welcome to Ventura Crossing by D.R. Horton, a new construction community on the border of Lacey and Olympia! The Sellwood Plan, elevation B, is a 2,251 sq ft, 2-story home with 4 bedrooms and 2.5 baths and a spacious great room layout ideal for entertaining. A walk-in pantry provides generous storage, and one oversized bedroom can also function as a bonus room, offering flexible living options. The home features hard surface flooring throughout the main level, white millwork and doors, stainless steel appliances with gas range, quartz countertops, and a bath off the primary suite with walk-in closet. A heat pump provides efficient year-round heating and cooling. Electric vehicle charger ready. Smart home technology and D.R. Horton's 10-year warranty come standard. Estimated completion December 2026. Below market rates and buyer bonus incentives available through the preferred lender for qualified buyers. Adjacent to the Chehalis Western Trail for walking and biking. Community amenities include a park, half basketball court, and open green spaces. Easy access to I-5, JBLM, Target, Safeway, Fred Meyer, Costco, and Olympia's vibrant historic district. Served by North Thurston School District with all three schools within approximately 1 mile.

5142 Emery Avenue NE Unit #49, Lacey

Listing Broker: D.R. Horton; Kevin Pier; 206-913-9339; ktpier@drhorton.com

6711 47th Avenue NE, Olympia
$776,500
3 Beds ⋅ 3 Baths ⋅ 2589098 MLS ⋅ ACTIVE Status
Rare opportunity to live in one of the best neighborhoods in Olympia. This beautiful home was purchased from the builder who saved this lot to build his own home. Now, it can be yours. Open, one-level floor plan. Formal living and dining area, open kitchen with informal living area. Oversized lot which extends back into the trees. Green house included. This is probably the home you have been waiting to make your own.

6711 47th Avenue NE, Olympia

Listing Broker: CENTURY 21 Lund, Realtors; Martha Jane Hunt; 360-269-6200; huntforhomes@gmail.com

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