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Haverford Township, PA Home Loans
 
Haverford Township, PA Home Loans
 
     If you're looking to buy a home in Haverford Township, PA, I hope the information you find here is helpful.
     The most common loan programs in the area are Conventional and FHA loans.  Being a suburb of Philadelphia, the Haverford area is NOT eligible for USDA financing.
 
     In the calendar year for 2013, 615 Homes were sold in Haverford Township  (Haverford, Havertown, and Ardmore) with a range of prices from $72,000 to $2,750,000.  The average sales price for 2013 was $330,106.  Let's take a look at some of the most common types of Haverford/Havertown/Ardmore mortgage programs:
 
Haverford Township FHA Loans
     With an FHA loan, buyers put down as little as 3.5%, and enjoy low rates which are far more forgiving than conventional loans when it comes to credit scores.  The maximum FHA insurable loan amount in Haverford township is currently $379,500 for a single family home (loan amounts are greater for multi-unit properties).
     FHA loans also allow for up to 6% sellers assistance toward closing costs, have no reserve requirements for single family home purchases, and allow the 3.5% down payment to come from a gift, so ... more

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