Need an appraisal for an FHA-backed mortgage? Call Collins Appraisal Service, LLCThe FHA keeps a roster of approved appraisers for each state - Collins Appraisal Service, LLC is on the roster of approved appraisers for WA. This means that we are certified and approved by the FHA to do reports for house loans backed by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Collins Appraisal Service, LLC is well-trained on how to work in accordance with the rules and regulations provided. If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is insured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is make sure that the loan is taken care of in case the borrower doesn't pay their loan. The FHA and their loan programs are created to assist low-to-moderate income consumers help meet credit requirements if 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. Buyers with lower income or less starting capital to use as a down-payment on a financial transaction benefit the most from FHA loan programs. |