| FHA (Federal Housing Administration). A government agency that insures residential mortgage loans made by lenders. An FHA mortgage is a great way for many first time home buyers to become home owners. FHA mortgages have a minimum down payment requirement which can even be gifted by a family member. This program is not credit score driven, but considers credit history. Private mortgage insurance is reduced compared to conventional financing. Current loan limits for single family dwellings for FHA mortgage loans (as of January 3, 2006) are: King County, Pierce & Snohomish Counties: $312,895 Thurston County: $215,650 Mortgage Master is pleased to be an approved FHA underwriter. For more information (including other Washington State county limits and for duplex, triplex, or fourplex FHA loan limits) or for obtaining an FHA mortgage loan for purchasing or refinancing a home, please contact Rhonda. |
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| FHA Mortgages |