Anderson & Associates is available for your FHA appraisals
We assure you that Anderson & Associates is an FHA-certified appraisal company in WA. This indicates that we are qualified and approved by the FHA to do appraisals for house loans backed by them. A certain amount of the periodic training our staff at Anderson & Associates completes deals precisely with decoding the FHA's documentation and their rules and procedures.
If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.
The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA loan, it means it is backed by them. No part of the loan is provided by the FHA; what the FHA does is ensure that the loan is secure in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to aid credit-worthy potential buyers to meet expectations and qualifications for lenders that they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lower income or less starting funds to use as a down-payment on a financial transaction are helped the most from Federal Housing Administration loan programs.