Anderson & Associates is approved for FHA mortgages
The FHA retains of approved appraisers for each state - Anderson & Associates is on the roster of approved appraisers for WA. If you have an FHA-secured loan, be sure to get with Anderson & Associates, as we are approved and qualified to handle FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Anderson & Associates is well-trained on how to follow the rules and regulations provided.
Be sure to contact Anderson & Associates if you need an appraisal done for an FHA-secured loan.
The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is backed by them. The FHA does not loan money to borrowers, rather, it provides lenders with safety with mortgage insurance in case the borrower defaults on his or her loan obligations. Accessible to all buyers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Buyers with lesser income or less starting capital to put down on a mortgage benefit the most from Federal Housing Administration loan programs.