Need an appraisal for an FHA-backed mortgage? Call American Reporting Company

Rest assured that American Reporting Company is an FHA-approved appraisal practice in WA. We are qualified and approved to do reports for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at American Reporting Company is well-trained on how to comply with the rules and regulations provided.

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-secured loan, it means it is underwritten by them. The FHA does not provide funds to borrowers, rather, it provides lending organizations with safety through mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are created to aid 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. Consumers with lower income or less starting funds to put down on a loan benefit the most from Federal Housing Administration loan programs.