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
[LIVE IN TOWN] A neighborhood filled with nostalgia. Built in 2000; Attractive Architecture, Manicured Disposition & Award Winning Gardens. A well thought out home; with ...
- Bldg.Fergusons E C 5th Add
- Courtesy ofWindermere R.E./Snohomish Inc.
Great opportunity to invest in a lovely property. 3 BED 2 BTH home with a 2 car detached garage that has extra loft storage. New roof, siding and double pane windows all...
- Courtesy ofRE/MAX Elite
Great Opportunity! Bring your investors. Rent all 4 or live in one while you rent out the other 3. Two main level units offer 2 bed / 1.75 bath -1138 sq ft Bottom units h...
- Courtesy ofRealty One Group Preview
Come over the covered bridge & see your new home! As you drive up take in the covered front porch to enjoy on these fall days. Inside offers a dining room, good sized kit...
- Bldg.Crown Ridge Estates
- Courtesy ofRE/MAX Elite
Great Split level in Lake Stevens, Nice wood fire place in living room, large fenced back yard w/ storage sheds, 4 bedrooms (3 up and 1 down stairs), 2.75 bath and 2 car ...
- Bldg.Hillcrest Estates
- Courtesy ofCENTURY 21 Real Estate Center
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