Need an appraisal for an FHA-backed mortgage? Call Pacific AppraisalsPacific Appraisals is WA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured mortgage, be sure to contact Pacific Appraisals, as we are approved and qualified to handle FHA appraisals. Part of the regular training our staff at Pacific Appraisals undergoes deals strictly with decoding the FHA's documentation and their rules and procedures. If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-insured loan, it means it is secured by them. The FHA does not provide funds to borrowers, rather, it provides lending organizations with security with mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income consumers benefit from an FHA-secured financial transaction; the point of the Federal Housing Administration is to help credit-worthy buyers to meet expectations and necessities for lending organizations that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Those with lesser income or less starting money to put down on a mortgage are assisted the most from FHA loan programs. |