Need an appraisal for an FHA-backed mortgage? Call AAAnderson Associates Inc.

AAAnderson Associates Inc. is WA state certified and on the FHA Roster of approved residential appraisers. This means that we are qualified and approved by the FHA to do reports for home loans backed by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at AAAnderson Associates Inc. is well-trained on how to work in accordance with the rules and regulations provided.

If your financial transaction is FHA certified, that means that it has been guaranteed by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is ensure that the mortgage is taken care of in case the borrower defaults on his or her loan obligations. Low-income and moderate-income borrowers benefit from an FHA-backed financial transaction; the purpose of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and requirements for lenders that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. Buyers with lesser income or less starting money to put down on a financial transaction are helped the most from Federal Housing Administration loan programs.