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
Perfect townhouse in Edmonds is light filled and has an open concept. Spacious layout with vaulted ceilings, 3 bedrooms w/ 3.5 baths attached to each. Featuring sliding g...
- Bldg.Taylor Place
- Courtesy ofSkyline Properties, Inc.
At Westview Ridge, you will find this exceptional hard to find single story home with a large basement with two bedrooms, full bath and a large rec room all in the baseme...
- Bldg.Westview Ridge
- Courtesy ofWindermere Real Estate HKW,Inc
Enjoy elegant living in this stunning three bedroom and two full bath residence. Spacious bedrooms, large Kitchen pantry, and abundance of Natural light. Relax with the b...
- Bldg.Brookwood Place
- Courtesy ofRE/MAX Eastside Brokers, Inc.
Lots of potential here with an older manufactured home on 2.48 acres.Some parked out areas; has RV hookups Public wtr, PUD elec. & gravity septic (1000 gal tank. Concre...
- Courtesy ofCENTURY 21 Real Estate Center
Super cute & lovingly maintained rambler. Wood fireplace in living rm. Updated full bth. Large family rm off kitchen w/half guest bath & utility room. Oversize 2 car deta...
- Courtesy ofWindermere RE North, Inc.
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