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. We're qualified and approved to do reports for FHA secured financial transactions. Part of the periodic training our staff at Anderson & Associates completes deals precisely with understanding 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 secured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lenders with safety through mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are created to benefit low-to-moderate income homebuyers help meet credit qualifications 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 Federal Housing Administration provides are exceedingly helpful to consumers with less starting income.