profile picture

Anderson & Associates

The FHA maintains of approved appraisers for each state - Anderson & Associates is on the roster of approved appraisers for WA. If you have an FHA-insured mortgage, be sure to call Anderson & Associates, as we are approved and certified to produce FHA appraisal reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

Contact us today if you need to get an appraisal done on an FHA-insured loan.

An FHA loan is secured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending organization provides all the money in the loan; the FHA simply backs the loan through mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are formed to benefit low-to-moderate income consumers 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. Consumers with lesser income or less starting capital to put down on a financial transaction are assisted the most from Federal Housing Administration loan programs.