The FHA keeps a list of approved appraisers for each state - Anderson & Associates is on the roster of approved appraisers for Washington.
If you have an FHA-secured loan, be sure to contact Anderson & Associates, as we are approved and certified to produce FHA appraisal reports.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
An FHA loan is insured 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 organization provides all the loaned money - the FHA simply backs the transaction through mortgage insurance in case the borrower defaults on his or her loan.
Applicable to all purchasers, FHA loan programs are designed to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember that the lending organization working with the the FHA is authorized to choose the appraisal company with which they'll work, different from VA appraisal panel.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are particularly helpful to those purchasers with less available funding.
