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
Best of both worlds here! Custom built, lake front, equestrian property on 5 acres. 3 bedrooms 2.5 baths, great room floor plan, vaulted ceilings, stone fireplace, huge k...
Nice 3 Bed 2 Bath Rambler in good location close to schools, Open Great Room Design, Vaulted Ceilings, Kitchen w/Breakfast Nook, Good sized Master Bedroom w/Full Bath. A...
- Bldg.Wind Dancer
Fantastic Location in Crystal View Neighborhood - Walk to the Lake!! Home is on a Cul-de-Sac and Backs to Green Space. 3 Bedroom, 2 1/4 Bath Tri-Level with 2 Car Garage &...
- Bldg.Crystal View
Best lot in River and Forest. 2 lots side by side allows mobile home or RV year round. Separate lot for a well site. Property will perk for septic. Tall evergreens have v...
- Bldg.River & Forest
Immaculate 4bed/3full bath home on 2+ acres with hard to find 800+ full accessory dwelling unit (ADU) downstairs featuring full kitchen, eating area, LR, large bedroom, e...
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