The FHA retains a roster of approved appraisers for each state - Balkenbush Appraisal Company is on the roster of approved appraisers for Washington.
This means that we are certified and approved by the FHA to do reports for home loans backed by them.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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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. |
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If your home loan is FHA certified, that means that it has been guaranteed by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD).
The lending organization provides all the money in the loan - the FHA simply backs the loan by providing mortgage insurance in case the borrower defaults on his or her loan.
The FHA and their loan programs are created to help low-to-moderate income buyers by easing credit expectations.
Unlike the VA appraiser panel, the lending organization working with Federal Housing Administration has the freedom to pick the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
The loan programs that the FHA provides are incredibly beneficial to consumers with less starting capital.
