Need an appraisal for an FHA-backed mortgage? Call Irish Eyes AppraisalsIrish Eyes Appraisals is WA state certified and on the FHA Roster of approved residential appraisers. This indicates that we are qualified and approved by the FHA to do reports for house loans underwritten by them. A certain amount of the regular training our staff at Irish Eyes Appraisals receives deals exclusively with decoding the FHA's documentation and their rules and procedures. Be sure to contact Irish Eyes Appraisals if you need an appraisal done for an FHA-secured loan. If your house loan is FHA insured, that means that it has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lenders with protection through mortgage insurance in case the borrower does not pay his or her financial obligations. Applicable to all consumers, FHA loan programs are designed to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. Buyers with lower income or less starting funds to use as a down-payment on a financial transaction are assisted the most from FHA loan programs. |