Sound Appraisal Group, Inc is your FHA certified appraisal company
The FHA retains of approved appraisers for each state - Sound Appraisal Group, Inc is on the roster of approved appraisers for WA. We are qualified and approved to do reports for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Sound Appraisal Group, Inc is well-trained on how to work in accordance with the rules and regulations provided.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
An FHA loan is underwritten by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending company provides all the money in the loan; the FHA simply backs the transaction through mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are formed to aid low-to-moderate income consumers help meet credit requirements if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. Buyers with lesser income or less starting capital to use as a down-payment on a loan are assisted the most from FHA loan programs.