The Federal Housing Administration has been helping first time homeowners since 1934. Since its inception over 75 years ago, over 37 million mortgages have been insured by the FHA in the United States. FHA Loans are gaining in popularity because they offer accommodating options that other mortgages cannot. Take note that FHA loans contain specific credit, income and property criteria for a mortgage to get approved.
Seattle FHA home loans allow potential homeowners to buy a home, fix it up, and include all the costs in one loan. Your down payment can be as low as 3.5% of the purchase price, and most of your closing costs and fees can be included in the loan!
If you’re in the Seattle metropolitan area and are thinking about applying for an FHA mortgage loan, let the loan experts at Sammamish Mortgage answer all of the questions you have about the process.
FHA Single Family Mortgage Insurance Program
Low and moderate income families can now lower the costs of their mortgage loans by using an FHA. Let our loan experts show you how!
FHA Mortgage Insurance Costs
Do you have questions about the FHA mortgage insurance costs? Mortgage insurance premiums on an FHA loan are different than a traditional mortgage closing. Don’t apply until you’ve had all of your questions answered by an FHA lending expert at Sammamish.
Refunds Ready on FHA Loans
If you are owed money from a paid off home loan backed by FHA let the mortgage experts at Sammamish Mortgage help you collect!
Down Payment Gifts for FHA Loans
Unlike other mortgage loans, the down payment for an FHA loan can be 100% gifted funds! Let Sammamish show you just how it works!
FHA Mortgage Closing Costs
Another reason FHA loans are so popular – they can include the closing costs as part of the loan!
Streamline Refinancing for FHA Mortgages
Looking for a streamline refinance? Then you’re looking for an FHA loan.
FHA Single Family Rehab Mortgage - Section 203(k)
Section 203(k) lending allows mortgage companies to extend credit to borrowers who might not qualify otherwise. Let the loan experts at Sammamish Mortgage help you determine if the program is a fit for your needs!
FHA Single Family Mortgage Insurance for Outlying Areas - Section 203(i)
The HUD insured 203(i) lending program eases the process of purchasing a home in rural areas.
FHA Single Family Adjustable Rate Mortgage
Also known as Section 251, the FHA single family ARM helps keep payments low, though with interest rates that may increase or decrease over time.
FHA Property Improvement Loan Insurance - Title I
Home improvement loans are made easier thanks to HUD’s Title I program which insures loans for light remodeling on either single or multi-family homes.
FHA Energy Efficient Mortgage
Energy efficiency improvements are easier than ever with FHA backed energy efficient mortgages. Let one of our loan experts help you figure out if you’re eligible!
HUD Reverse Mortgage
If you’re 62 or older and have paid off your mortgage (or most of it), a reverse mortgage is an easy way to borrow against the equity in your property to travel, pay down debt, or use any other way you like!
FHA Escrow Refunds
You may have money owed to you if you’ve ever paid off a home loan backed by FHA. Let Sammamish Mortgage help you collect today!