M & C Appraisals LLC can do FHA mortgagesM & C Appraisals LLC is WA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-loan, be sure to get with M & C Appraisals LLC, as we are approved and certified to handle FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. If your house loan is FHA approved, that means that the loan has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is ensure that the mortgage is taken care of in case the borrower doesn't pay their loan. The FHA and their loan programs are designed to aid low-to-moderate income consumers help meet credit qualifications if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lesser income or less starting capital to use as a down-payment on a mortgage benefit the most from Federal Housing Administration loan programs. |