Need an appraisal for an FHA-backed mortgage? Call Sound Appraisal Group, Inc

Sound Appraisal Group, Inc is WA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured mortgage, be sure to get with Sound Appraisal Group, Inc, as we are approved and certified to handle FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Sound Appraisal Group, Inc is well-trained on how to work in accordance with the rules and regulations provided.

If your financial transaction is FHA approved, that means that the loan has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lending agencies with security with mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and requirements for lending organizations that they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA offers are exceedingly beneficial to buyers with less starting income.