Need an appraisal for an FHA-backed mortgage? Call Appraisal Assurance Inc

We are happy to say that Appraisal Assurance Inc is an FHA-certified appraisal firm in WA. If you have an FHA-mortgage, be sure to call Appraisal Assurance Inc, as we are approved and certified to produce FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Appraisal Assurance Inc is well-trained on how to follow the rules and regulations provided.

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-insured loan, it means it is insured by them. None of the money in the loan is provided by the FHA; what the FHA does is ensure that the mortgage is insured in case the borrower doesn't pay their loan. Low-income and moderate-income borrowers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and qualifications for lending organizations that 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 money to put down on a mortgage are helped the most from FHA loan programs.