Rest assured that Adamson Appraisals is an FHA-certified appraisal service in Washington.
If you have an FHA-insured mortgage, be sure to call Adamson Appraisals, as we are approved and certified to handle FHA reports.
A certain amount of the periodic training our staff at Adamson Appraisals receives deals strictly with comprehending the FHA's documentation and their rules and procedures.
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 financial transaction is an FHA-secured loan, it means it is underwritten by them.
The FHA does not loan funds to borrowers. Rather, it provides lenders with security by offering mortgage insurance in case the borrower does not pay his or her loan obligations.
Accessible to all consumers, FHA loan programs are made to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember that the lending agency working with the the Federal Housing Administration is allowed to pick which appraisers they will use, different from VA appraisal panel.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
FHA loan programs are particularly helpful to those purchasers with less available funding.
