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
Profitable duplex with potential for over 7.3% cap rate! Both sides have been completely updated with new flooring, countertops, appliances, etc. The exterior could use s...
- Beds –
- Baths –
- MLS 689286
Comfortable home on a private drive in Edmonds. Good schools in great location. Conveniently located near I-5 and I-405 interchange. Great for commuters. Home has bonus ...
- Beds 3
- Baths 1.0
- MLS 689309
This incredible Bothell home boasts over 3,100 sq. ft. 5bed, & 3 bath! This home is just what you've been looking for! Huge 3 car garage, hardwood floors, private back pa...
- Beds 6
- Baths 3.0
- MLS 689294
Lot's of potential here. This is definitely development grade type of a property. Zoned MR with room for up to 24 units detached condos.
- Beds 5
- Baths 3.0
- MLS 689293
Welcome to BIG IRON RANCH. This equestrian property features a warm and inviting, custom, 4 bdr, 2 bth, 3,776 sq.ft. home with granite counter tops, hardwood floors, ss ...
- Beds 4
- Baths –
- MLS 689285
- Bldg. Dogwood Meadows
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