Need an appraisal for an FHA-backed mortgage? Call Sound Appraisal Group, Inc
The FHA retains of approved appraisers for each state - Sound Appraisal Group, Inc is on the roster of approved appraisers for WA. Sound Appraisal Group, Inc is certified and approved to do appraisal reports for FHA insured loans. Part of the ongoing training our staff at Sound Appraisal Group, Inc undergoes deals precisely with understanding the FHA's documentation and their rules and procedures.
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 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 backs the transaction with mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are formed to aid low-to-moderate income homebuyers help meet credit qualifications if they otherwise would not.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Purchasers with lesser income or less starting capital to put down on a mortgage are helped the most from FHA loan programs.