Anderson & Associates
Anderson & Associates is WA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-mortgage, be sure to hire Anderson & Associates, as we are approved and qualified to produce FHA reports. A certain amount of the continuing training our staff at Anderson & Associates receives deals strictly with decoding the FHA's documentation and their rules and procedures.
Be sure to contact Anderson & Associates if you need an appraisal done for an FHA-secured loan.
An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending organization provides all the loaned money; the FHA simply insures the loan through mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are created to benefit low-to-moderate income buyers 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. FHA loan programs are incredibly useful to those homebuyers with less available funding.