Central Washington Appraisal Services is your FHA certified appraisal companyThe FHA retains of approved appraisers for each state - Central Washington Appraisal Services is on the roster of approved appraisers for WA. This means that we are certified and approved by the FHA to do reports for property loans insured by them. Part of the continuing training our staff at Central Washington Appraisal Services receives deals strictly with understanding the FHA's documentation and their rules and procedures. Be sure to contact Central Washington Appraisal Services if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is insured by them. The lender provides all the money in the loan; the FHA simply secures the transaction with mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to aid credit-worthy potential buyers to meet expectations and requirements for lending organizations that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly helpful to those homebuyers with less available starting capital. |