Stuck for Financing? Don’t Count Out FHA.

That’s the title from a great article in the Washington Post from late January about how the FHA is making it possible to get loans for as little as 3% down. 

It talks about how many people have the perception that right now you can’t get a loan unless you put 20% down.  Well that’s not true according to the Washington Post and the FHA.

Here is a quote that lays out the facts pretty well.

“The FHA does not make loans; it insures them. Borrowers are required to document their income and pay mortgage insurance. In the Washington region, the loans can be for as much as $625,500. Loans are generally for 30 years, with fixed interest rates.”

This is good news for a lot of potential home buyers. 

Cascade Property Solutions LLC has relationships with several mortgage brokers include some that specialize in FHA loans.  Take a look at our inventory of homes and let us connect you with our broker to get the process started!