Need an appraisal for an FHA-backed mortgage? Call Sound Appraisal Group, Inc
Rest assured that Sound Appraisal Group, Inc is an FHA-certified appraisal firm in WA. This means that we are qualified and approved by the FHA to do appraisal reports for house loans underwritten by them. Part of the regular training our staff at Sound Appraisal Group, Inc undergoes deals strictly with understanding the FHA's documentation and their rules and procedures.
If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away.
An FHA loan is secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lenders with safety with mortgage insurance in case the borrower does not pay his or her financial obligations. Available to all consumers, FHA loan programs are built to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration provides are exceedingly useful to purchasers with less starting capital.