Summit Appraisal is approved for FHA loansSummit Appraisal is WA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured loan, be sure to get with Summit Appraisal, as we are approved and qualified to handle FHA appraisal reports. A portion of the ongoing training our staff at Summit Appraisal completes deals strictly with comprehending the FHA's documentation and their rules and procedures. Be sure to contact Summit Appraisal if you need an appraisal done for an FHA-secured loan. An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is ensure that the mortgage is paid for in case the borrower defaults on his or her loan obligations. Accessible to all buyers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. 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 extremely useful to those buyers with less accumulated starting capital. |