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

The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.