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
Triple wide in Senior Park (55+ age). 2 bed/2 bath, large manufactured home with wet bar, 3 ceiling fans and heat pump. New roof 2006. New water heater 2004. Rare triple ...
Wonderful 2 bed/1 bath condo in well maintained complex. Approx. 800 square feet. FHA approved complex! Living space is inviting w/ wood burning fireplace, open to dinin...
- Bldg.Markland Woods Condo
Beautifully Remodeled Northwest Home! Roof, windows, electrical, plumbing & doors are ALL NEW! Granite counter tops in kitchen & baths. This is a terrific home for the mo...
Beautiful fully remodeled 3bd, 2 bath, rambler. This home features new roof and paint in and out, double pane vinyl windows, Hardwood floors throughout the house, crown ...
Don't miss this opportunity to own a home on a double lot in the Hewitt Heights neighborhood of Everett! This home has been upgraded w/ fresh interior paint, new carpet &...
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