Need an appraisal for an FHA-backed mortgage? Call ABJ Appraisals

The FHA maintains of approved appraisers for each state - ABJ Appraisals is on the roster of approved appraisers for WA. If you have an FHA-secured loan, be sure to hire ABJ Appraisals, as we are approved and qualified to handle FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at ABJ Appraisals is well-trained on how to follow the rules and regulations provided.

If your home loan is FHA approved, that means that it has been secured by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is make sure that the mortgage is paid for in case the borrower defaults on his or her loan obligations. Low-income and moderate-income borrowers benefit from an FHA-backed financial transaction; the point of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and requirements for lending organizations that they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are extremely beneficial to those buyers with less available starting capital.