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FHA Home Loan Program
This program helps buyers purchase a home with a low down payment and more flexible credit requirements, backed by the Federal Housing Administration. Loan limits go up to $1,063,750 in Snohomish, King, and Pierce Counties, making it one of the most popular options for first-time buyers in the area.
FHA Home Loan Program Highlights
Flexible DTI Requirements
Down Payments As Low As 3.5%
Gift Funds Allowed
Seller Credits Up To 6%
Loans Up To $1,063,750
Credit Scores Down To 580
Snohomish, King, and Pierce Counties are all classified as high-cost areas, which gives FHA buyers here significantly more purchasing power than the national FHA limit of $541,287.
Not sure where you stand? Let's find out together.
Who Are FHA Home Loans For?
Buyers who want a low down payment option with more forgiving credit and income guidelines
First-Time Homebuyers
Rebuilding Their Credit
Limited Down Payment
Pre-Conventional
Eligible Property Types:
Single Family Residences
2-4 Unit
Condos (FHA-Approved)
Manufactured Homes (On Permanent Foundation)
Eligible Occupancy Types:
Primary Residences
Key Benefits:
Buy a home in Snohomish County with as little as 3.5% down
Sellers can contribute up to 6% toward closing costs
Can be paired with Washington State down payment assistance programs
How It Works:
Get pre-underwritten so your full financial picture is reviewed up front
Choose a home within FHA loan limits for your county ($1,063,750 in Snohomish, King & Pierce)
Property must meet FHA's minimum safety and condition standards, verified at appraisal
Frequently Asked Questions About FHA Loans
Q: What are the FHA loan limits in Snohomish County?
A: Up to $1,063,750 for a single-family home. Snohomish, King, and Pierce Counties are all high-cost areas, so buyers here get significantly more purchasing power than the national FHA limit.
Q: Can I use gift funds for my down payment?
A: Yes. Gift funds from a family member can cover part or all of your 3.5% down payment and closing costs, as long as the gift is properly documented.
Q: Do I have to pay mortgage insurance on an FHA loan?
A: Yes, FHA loans require mortgage insurance (MIP), which is factored into your monthly payment. Dan can walk you through exactly what that looks like for your specific loan amount.
Q: Can the seller help pay my closing costs?
A: Yes, sellers can contribute up to 6% of the purchase price toward your closing costs, which can significantly reduce what you need to bring at closing.
Q: What credit score do I need to qualify for an FHA home loan?
A: FHA allows scores down to 580 for 3.5% down. Getting pre-underwritten early is the best way to know exactly where you stand before you start house hunting.
Why Choose Dan Keller for FHA Home Loan Financing?
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Meet the Local Dan Keller Team
4.97★ · 500+ local reviews
Buying a home in Snohomish or King County comes with enough surprises. Your loan shouldn't be one of them. Dan Keller and his Everett-based team have helped local buyers close on time, even when the deal got complicated, with 535+ five-star reviews to show for it. Clients and agents say the same thing again and again: fast responses, clear answers, and someone who actually picks up the phone on a weekend if you need them.
This isn't a call center. It's a small team of underwriters, loan officers, and processors who live and work right here in Everett, and who treat every file like it's the only one on their desk.
Want to hear what others are saying? Read reviews of the Dan Keller team here
