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
This home has it all! Soaring Entry, Huge Kitchen, High Ceilings, and Room for everyone. The quality of the construction is apparent. Huge rooms upstairs could be 3rd or ...
- Bldg.Birmingham Water Front Add
Unbelievable brick driveway leads to this Beautiful Spacious Rambler nestled in quiet neighborhood! Light & Bright, 3 skylights, Large liv rm open to din rm. Beautifully ...
- Bldg.Fir Grove
Great affordable first home in south Everett. Located in Glacier View historic district accross fro the Everett Golf & Country Club. Includes new interior paint, new ca...
- Bldg.Claremont Heights
Commercial Zoning- near Mountlake Terrace Downtown. Area is expanding. Small house on 8500 sqft lot. Could also buy to hold. Value is in the land.
Wine country; Cascade & sunrise views. An amazing, spacious kitchen; concrete counters,endless island & banks of cabinetry. A living room with a picture window for pastor...
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