FiveStones ResidentialRest assured that FiveStones Residential is an FHA-certified appraisal company in WA. FiveStones Residential is certified and approved to do appraisals for FHA secured loans. Part of the regular training our staff at FiveStones Residential undergoes deals strictly with understanding the FHA's documentation and their rules and procedures. Be sure to contact FiveStones Residential if you need an appraisal done for an FHA-secured loan. An FHA loan is backed by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lenders with safety by offering mortgage insurance in case the borrower defaults on his or her loan obligations. Accessible to all homebuyers, FHA loan programs are designed to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Purchasers with lower income or less starting money to use as a down-payment on a mortgage are assisted the most from FHA loan programs. |