Need an appraisal for an FHA-backed mortgage? Call Appraisal AssociatesWe confidently state that Appraisal Associates is an FHA-certified appraisal company in WA. Appraisal Associates is certified and approved to do appraisal reports for FHA secured financial transactions. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Appraisal Associates is well-trained on how to comply with the rules and regulations provided. Be sure to contact Appraisal Associates if you need an appraisal done for an FHA-secured loan. An FHA loan is secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lenders with protection through mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are created to aid low-to-moderate income homebuyers help meet credit requirements if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA offers are acutely beneficial to buyers with less starting capital. |