Sound Appraisal Group, Inc
We confidently state that Sound Appraisal Group, Inc is an FHA-approved appraisal practice in WA. If you have an FHA-secured mortgage, be sure to hire Sound Appraisal Group, Inc, as we are approved and certified to produce FHA appraisal reports. A certain amount of the ongoing training our staff at Sound Appraisal Group, Inc completes deals strictly with comprehending the FHA's documentation and their rules and procedures.
Be sure to contact Sound Appraisal Group, Inc if you need an appraisal done for an FHA-secured loan.
An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is ensure that the loan is paid for in case the borrower defaults on his or her loan obligations. Accessible to all consumers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lower income or less starting funds to use as a down-payment on a loan are assisted the most from Federal Housing Administration loan programs.