FHA loan

San Diego, California is a beautiful city that offers a wealth of attractions and some of the best weather you'll find anywhere in the United States. But it's also expensive, with a median home value that recently surpassed the million-dollar threshold for the first time ever. And that creates challenges for home buyers, especially when it comes to making a down payment.'

The FHA loan program is popular among Washington home buyers seeking a low down payment and flexible qualification criteria. These government-backed loans can be used to finance a variety of property types, including multifamily homes up to four units. We've written about this program many times in the past. In this guide, we'll explain how to use an FHA loan to buy a multifamily property in Washington, such as a duplex or triplex.'

In the state of Washington, it's possible to buy a home with an FHA loan even if you've had a bankruptcy in the past. If the circumstances that caused the bankruptcy have passed, and you've reestablished a pattern of responsible credit usage, you could qualify for an FHA loan.'

Many home buyers in the state of Washington use FHA loans when purchasing a house. First-time buyers, in particular, are drawn to this program because it offers a down payment as low as 3.5% with flexible qualification criteria. In this guide, we will help you chart a steady course for FHA loan success, by pointing out some of the potential mistakes to avoid along the way.'

FHA loans are one of the most popular mortgage options among home buyers in the state of Washington, second only to conventional home loans. The FHA mortgage insurance program offers a number of benefits for borrowers, including a down payment as low as 3.5%. In this guide, we will explore the FHA loan down payment rules and requirements for borrowers in Washington. This will help you make a more informed decision about which type of loan you want to use.'

As a Seattle-area mortgage company, we do our best to educate local home buyers about their different mortgage options. To continue that tradition, we've created an FHA loan fact sheet for borrowers in the state of Washington.'