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
Lake Cassidy waterfront. Two level, lightly treed lots right next to Lake Cassidy Park and in front of the Centennial Trail. This is a perfect recreational get away. L...
Beautiful recreational lot along picturesque Jim Creek. Great gathering spot and your own personal camping place to enjoy. Stunning Stillaguamish Valley is the backdrop ...
First time on the market for this Norwood Estates Condo up on the hill in Stanwood, conveniently located close to shopping and amenities. This 1124 sg ft unit has a nice ...
- Bldg.Norwood Estates
This updated townhome is a must see! 2 large bedrooms, 1.5 baths with an enclosed back patio. Enjoy the amenities including a cabana for entertaining. Slider opens to pr...
Located in vibrant Lake Stevens, just a couple blocks from the lake, you will find "The Avery". Our new 2662 sq ft home with 4 BR & 2.5 baths, that has full yard landscap...
- Bldg.Lake View Terrace
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