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
Beautiful corner lot in sought after Fairway Estates 55+ Mobile home park. Newer vinyl double pane windows. Popular floor plan with master bedroom separate end of home. N...
Classic home in desirable South Everett. Located close to Boeing, shopping, and freeway access. Large garage/shop with room for tools and toys. Charming entry and large l...
Enjoy your new 3 bdrm, 2.5 baths, 2 car garage with extra space in the pristine community of Silver Pines. Oversized bdrms, bonus rm and loft upstairs showcase an expansi...
- Bldg.Silver Pines
Introducing the Prescott plan to be ready in January. Full luxurious Master Suite upstairs PLUS Secondary Master Suite on the Main Floor! Expansive engineered hardwood fl...
Wow! Affordable 2 bedroom home on nice fully fenced in town lot. Outbuilding for storage and hobbies, poured concrete slab for R.V. parking or ready to built covered carp...
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