FHA Loans

Advantages of FHA for Purchases
·         With the current loan limits in King, Snohomish, and Pierce County you can purchase a home up to $691,000 with only 3.5% down payment.
·         Seller can contribute up to 6% towards buyers closing costs and prepaid items
·         All down payment and closing costs can be gifted from a family member
·         FHA allows a relative to cosign
Advantages of FHA for Refinances
·         FHA Streamline refinances. This is Special Refinance Program for those that currently have an FHA loan with lower closing cost and no appraisal required
·         Only requires 3.5% equity
·         You can pay off a 2nd mortgage used to purchase the property up to 96.5% of your homes appraised value
·         You can take cash out to 85% of your home’s value
General FHA Advantages
·         More Flexible guidelines on Credit score and history.
·         FHA loans are assumable so when you decide to sell your home if market rates are higher this can be an excellent selling feature of your home.
·         FHA has excellent 5 Year Arm Program
*Underwriting guidelines subject to change daily, credit qualification, and conditions.

Apply Now

Return to Loan Options

  • linkedin
Why Choose Jeff
Client Testimonials
Why Realtors Choose Jeff
Realtor Testimonials
Purchase Rescue Program
Mortgage Planning

Quick Quote

Quick Quote Image

No errors
No errors
No errors
No errors
No errors
No errors
No errors
No errors

Trusted. Experienced. Secure.


Real Estate Marketplace

Home SearchMagnifying LensView Featured HomesCheck MarkDream Home RequestMarket HouseHome Value WizardDollar Sign