Need an appraisal for an FHA-backed mortgage? Call Faylor Appraisal ServicesThe FHA retains of approved appraisers for each state - Faylor Appraisal Services is on the roster of approved appraisers for WA. Faylor Appraisal Services is qualified and approved to do appraisal reports for FHA secured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Faylor Appraisal Services if you need an appraisal done for an FHA-secured loan. An FHA loan is backed by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lending organizations with safety with mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income borrowers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and qualifications for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Those with lower income or less starting money to use as a down-payment on a financial transaction benefit the most from FHA loan programs. |