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
Cul-De-Sac setting, level lot! A functional 2 story flr plan 9' ceiling, 4 large bedrm upper flr & Office on main flr. Build in 2000. Living 2,380sf. Up-to-dated for high...
- Courtesy ofRE/MAX Northwest Realtors
Timeless appeal and clean lines showcase this open and bright 2014 resale on a quarter acre with views! Blocks to sought after Lake Stevens schools & shopping, this home ...
- Bldg.Catherine Crest
- Courtesy ofWindermere Real Estate/East
POSSIBILITIES ABOUND! Come have a look at this HWY-9 Fixer; plenty of yard space for a home business, landscaping business, a good sized shop is already on the property. ...
- Courtesy ofWindermere R.E./Snohomish Inc.
Completely remodeled LARGE 2BDRM 2 BATH. Both Master Bedroom Suites have updated Full baths w/ Granite & Tile. New paint, carpet, ceiling fans, doors & moldings. Updated ...
- Bldg.Holly 100 Condo
- Courtesy ofJohn L. Scott Everett
Monroe! The Farm at Woods Creek! Mountain Views! Great neighborhood, just minutes to shopping, dining. 3 bedrooms, 2.50 baths, large loft area. Main floor features large ...
- Courtesy ofColdwell Banker Bain
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