Applying For Government Home Loans Federal Way WA

Government loans are available through the FHA to those wanting to buy a home. In order to learn about applying, read the following article.

Local Companies

Washington National Home Mortgage
(425) 761-7808
1230 S 336th Ste E
Federal Way, WA
All Deeds Mortgage
(206) 878-0201
23414 26th Ave S
Seattle, WA
Washington National Home Mortgage
2530797-4194
6707 Perry Avenue SE
Auburn, WA
Abacus Mortgage
(206) 244-0303
130 Andover Park E
Seattle, WA
America Cargo Transport Incorporated
(206) 243-1800
16300 Christensen Rd
Seattle, WA
Metropolitan Mortgage of Maple Valley
425-432-5966
23175 224th Pl. S.E. Ste C
Maple Valley, WA
Alki Mortgage
(206) 938-5626
7025 California Ave Sw
Seattle, WA
Sparta Apartments
(206) 938-3348
3302 35th Ave. S.W.
Seattle, WA
Gull Industries, Inc.
(206) 624-5900
P. O. Box 24687
Seattle, WA
Windermere RE Wall St. Inc
(206) 579-9739
4526 California Ave. SW
Seattle, WA

Applying For Government Home Loans

Government loans are available through the FHA to those wanting to buy a home. FHA home loans help particular groups of people qualify for a home loan that they otherwise may not receive by guarantying the loan, which will be made by a regular lender. There are different types of home loans that the FHA will guarantee and you must meet all qualifications for your particular loan program. The following steps outline the best road to take in order to receive a loan that is guaranteed by the FHA.

  1. First, you should visit the FHA website to see if you can qualify for any of the loans they offer. There are three main loans available to those looking to purchase a new home:

    • A loan for first time homebuyers. You must be buying a home for the first time, meet credit qualifications, and be approved by an FHA lender to receive this loan.

    • A loan for those buying a home that needs repairs. The loan will pay for both the purchase price of the home, as well as the cost of fixing up the home. The only qualifications for this loanare you meet credit requirements andare approved by an FHA lender.

    • A loan for those who want to buy a mobile home or manufactured home. Qualifications for obtaining this loan are the same as those for obtaining a loan for buying a home that needs repairs (above).

    You must fall into one of these categories to receive a loan to buy a home through the FHA. They do also offer a loan for those wanting to upgrade their current home to make it more energy efficient, and they have a reverse loanavailable toseniors. Neither of these is for those wanting to buy a new home.

    ...

Click here to read the rest of the article at HowToDoThings.com

Author: Julie Bonner

Featured Local Company

Washington National Home Mortgage

4257617808
1230 S 336th Ste E
Federal Way, WA
www.wanational.com

Related Local Event
Housing Industry Legislative Update
Dates: 5/21/2009 - 5/21/2009
Location: Master Builders University
Bellevue, WA
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