Addy Appraisals is ready for your FHA work

Addy Appraisals is WA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured loan, be sure to contact Addy Appraisals, as we are approved and qualified to perform FHA appraisal reports. A certain amount of the periodic training our staff at Addy Appraisals receives deals exclusively with decoding the FHA's documentation and their rules and procedures.

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 underwritten by them. The lender provides all the loaned money; the FHA simply insures 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 homebuyers help meet credit qualifications if 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 Federal Housing Administration provides are acutely helpful to purchasers with less starting income.