Need an appraisal for an FHA-backed mortgage? Call Sound Appraisal Group, Inc
We confidently state that Sound Appraisal Group, Inc is an FHA-certified appraisal service in WA. If you have an FHA-insured mortgage, be sure to get with Sound Appraisal Group, Inc, as we are approved and qualified to handle FHA reports. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Sound Appraisal Group, Inc is well-trained on how to follow the rules and regulations provided.
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 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 make sure that the mortgage is insured in case the borrower doesn't pay their loan. Low-income and moderate-income borrowers benefit from an FHA-secured loan; the purpose of the Federal Housing Administration is to aid credit-worthy consumers to meet expectations and requirements for lenders that they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA provides are extremely beneficial to buyers with less starting capital.