is Washington state certified and on the FHA Roster of approved residential appraisers.
This indicates that we are certified and approved by the FHA to do reports for property loans backed by them.
Part of the periodic training our staff at Peter Rudek dba Bellwether Appraisal Company receives deals exclusively with comprehending the FHA's documentation and their rules and procedures.
If your property loan is FHA approved, that means that it has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD).
The FHA does not loan capital to borrowers. Rather, it provides lending agencies with security with mortgage insurance in case the borrower does not pay his or her financial obligations.
Available to all homebuyers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember that the lending organization working with the the Federal Housing Administration is authorized to choose which appraisers they will use, different from VA appraisal panel.
Down payments are often lower with an FHA loan despite using conventional market rates.
The loan programs that the FHA offers are invaluable to buyers with less starting capital.
