Need an appraisal for an FHA-backed mortgage? Call Sound Appraisal Group, Inc
We confidently state that Sound Appraisal Group, Inc is an FHA-approved appraisal firm in WA. We're certified and approved to do reports for FHA secured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.
If your house loan is FHA certified, that means that it has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). The lending organization provides all the loaned money; the FHA simply secures the loan with mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to aid credit-worthy potential buyers to meet expectations and requirements for lending agencies 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 funds to use as a down-payment on a loan are assisted the most from FHA loan programs.