Rest assured that Cascade Appraisal, LLC is an FHA-approved appraisal firm in Washington.
This means that we are certified and approved by the FHA to do reports for property loans backed by them.
FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Cascade Appraisal, LLC is well-trained on how to work in accordance with the rules and regulations provided.
An FHA loan is backed by the Federal Housing Administration, a federal agency within 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 see to it that the mortgage is taken care of in case the borrower defaults on his or her loan obligations.
The FHA and their loan programs are formed to aid low-to-moderate income consumers by easing credit requirements.
Remember, the FHA differs from the VA appraiser panel in that the lending organization can select the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
Purchasers with lower incomes or less starting funds to put down on a mortgage benefit the most from Federal Housing Administration loan programs.
