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 Snohomish home in desirable Seattle Hill Estates neighborhood. This 3 bedroom home features tons of natural light, vaulted ceilings, gas fireplace in the bright...
- Bldg.Seattle Hill Estates
The Large Home Sites you have been waiting for! This 5 bedroom home has an amazing open floorplan for entertaining. It also offers a bedroom, and full bathroom downstair...
- Bldg.The Reserve At Northcreek
Developers/Builders. Great location close to I-5 Seattle, I-405 Bellevue, shopping, NGPA county park, Cedar Grove Park, playground & ballfield, Northshore School District...
Photos will be uploaded 10/9/15
- Bldg.Bayview Crest
Beautiful home located in the heart of Tambark Springs. Northshore Schools! Beautiful 33.5 acres of open space located behind community. Just minutes away from shopping, ...
- Bldg.Tambark Springs
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