Richardson Appraisal Service is your FHA certified appraisal companyRichardson Appraisal Service is WA state certified and on the FHA Roster of approved residential appraisers. Richardson Appraisal Service is qualified and approved to do reports for FHA secured financial transactions. A portion of the ongoing training our staff at Richardson Appraisal Service undergoes deals precisely with comprehending the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. An FHA loan is backed by the Federal Housing Administration, a federal agency within the U.S. 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 secure in case the borrower doesn't pay their loan. Low-income and moderate-income consumers benefit from an FHA-secured financial transaction; the purpose of the Federal Housing Administration is to aid credit-worthy consumers to meet expectations and necessities for lenders that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the FHA provides are incredibly helpful to buyers with less starting capital. |