Need an appraisal for an FHA-backed mortgage? Call Anderson & Associates
The FHA publishes a list of approved appraisers for each state - Anderson & Associates is on the roster of approved appraisers for WA. Anderson & Associates is qualified and approved to do appraisals for FHA insured loans. Part of the regular training our staff at Anderson & Associates undergoes deals strictly with decoding the FHA's documentation and their rules and procedures.
If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.
An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The lender provides all the money in the loan; the FHA simply secures the loan with mortgage insurance in case the borrower does not pay off his or her loan. Applicable to all purchasers, FHA loan programs are built to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lower income or less starting funds to use as a down-payment on a mortgage benefit the most from FHA loan programs.