Hamilton Appraisals is your FHA certified appraisal companyRest assured that Hamilton Appraisals is an FHA-certified appraisal company in WA. This means that we are qualified and approved by the FHA to do appraisal reports for house loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Hamilton Appraisals if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is backed by them. None of the funds are provided by the FHA; what the FHA does is ensure that the loan is secure in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are created to help low-to-moderate income consumers help meet credit expectations 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 money to use as a down-payment on a financial transaction are assisted the most from FHA loan programs. |