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
Light & Bright Home in desirable Ashton Woods neighborhood- minutes to I-5,Boeing,Paine Field, & shopping.Built in 2014, this well maintained & updated home features an ...
- Bldg.Ashton Woods
- Courtesy ofAlpine Real Estate, LLC
Spacious 4 Bedroom/2 Bath Rambler in North Everett features: Oak flooring in living/front bedroom areas currently being covered by wall-to-wall carpeting, a slider from ...
- Courtesy ofWindermere Real Estate M2 LLC
- Courtesy ofZati Realty Group, Inc.
Welcome home! This recently updated craftsman has a lot to offer. Located minutes from I-5 and 405 this home has 3 bedrooms and 2.5 baths. Spacious living area with vault...
- Bldg.Canoe Creek
- Courtesy ofNorth Pacific Properties
Welcome to North facing home with 3br/2.5 bath open floor plan. Natural light pours into living and kitchen area throughout the day. Features include expansive kitchen wi...
- Bldg.Waterford at North Creek
- Courtesy ofJohn L. Scott, Inc.
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