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
The Alyssa Q1 by MainVue Homes at the Parkhaven community is a new design that is a blend of open rooms and private spaces to optimize your lifestyle. Enjoy your signatur...
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Great opportunity on this home in Everett! Needs some sweat and love to restore its previous glory. Great home features and charm throughout! Prime location with minutes ...
Rare Find! Remodeled and ready for you! On Lake Goodwin with shared beach access complete with boat slip access, dock, tennis, basketball & more! Come home to fresh paint...
- Bldg.Orchard Beach
OUTSTANDING waterfront opportunity! VIEW! VIEW! VIEW! Peace and wonderful serenity! You will not find such an opportunity in Edmonds again! Simply amazing. Enjoy the wild...
Beautifully detailed Cftsman 3 bedrm 1 yr new in desirable Copper Ridge gated entry, 9 ft ceiling & hard wood flrs on main,painted mldings & crown mldings, wood wrapped w...
- Bldg.Copper Ridge
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