Snohomish County FHA 3.5% Down Home Loans
FHA financing is a home loan program offered through The US Department of Housing and Urban Development. FHA financing allows borrowers to purchase a home loan using a 3.5% downpayment. 3.5% of what? When calculating the downpayment mortgage officers use the purchase price of the home. Example: the home’s price is $100,000 and the downpayment is 3.5% then the downpayment is $3,500. If the home is $400,000 then the down payment is $14,000.
Types of FHA Financing Programs
- FHA Financing for Single Family Home
- FHA Financing for Multi-Family Dwellings
- FHA 203K Rehab Loans
- FHA Energy-Efficient Mortgage
What Homes Qualify for FHA Financing?
- The home can be in any area or city. Some condos do not qualify.
- The home must be stick built. Manufactured homes do not qualify.
FHA Appraisals: Items of Concern
- Roof is failing
- Siding is failing
- Cracked Foundation
- Failed Electrical or Plumbing
FHA Qualifying Homes
Beautiful, level lot to build your home. Manufactured homes ok. Currently sellers brother lives in the park model type home on property - home is of no value. Property...
A wonderfully well maintained 1 bedroom/1 full bath condominium with a private balcony. A great place to live and call home! Warm up by cozy gas fireplace in spacious li...
- Bldg.Walden Park
Location, style elegance & quality, this home has it all, from the inviting barrel ceiling entry, fml living & dining rms & french door den, to the granite Kitchen with b...
Huge well kept split contemporary old school home in great nostalgic neighborhood w/level well cared for front & backyards featuring RV parking, granite slab counters in ...
- Bldg.Fir Grove Addition Division
Covered porch welcomes you home to this nicely updated & maintained rambler. Kitchen w/oak cabinets, glass stove top range, porcelain sink. Dining room w/wainscoting & B...
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