![]() Need an appraisal for an FHA-backed mortgage? Call Reds Appraisal ServiceThe FHA maintains of approved appraisers for each state - Reds Appraisal Service is on the roster of approved appraisers for WA. We are qualified and approved to do appraisals for FHA secured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Contact us today if you need to get an appraisal done on an FHA-insured loan. 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 loan is an FHA-insured loan, it means it is underwritten by them. The lending company provides all the loaned money; the FHA simply insures the transaction through mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are formed to aid low-to-moderate income buyers help meet credit expectations if 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 purchasers with less accumulated funding. |