Priority First Appraisal LLC is your FHA certified appraisal companyThe FHA keeps a roster of approved appraisers for each state - Priority First Appraisal LLC is on the roster of approved appraisers for WA. This indicates that we are qualified and approved by the FHA to do appraisals for property loans insured by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Priority First Appraisal LLC is well-trained on how to work in accordance with the rules and regulations provided. Be sure to contact Priority First Appraisal LLC if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is secured by them. The lender takes care of all the money in the loan; the FHA simply secures the loan through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income consumers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and requirements for lending agencies that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Consumers with lower income or less starting funds to use as a down-payment on a mortgage benefit the most from FHA loan programs. |