DCH Appraisals is your FHA certified appraisal companyRest assured that DCH Appraisals is an FHA-approved appraisal practice in WA. This means that we are certified and approved by the FHA to do appraisals for property loans backed by them. A portion of the periodic training our staff at DCH Appraisals receives deals exclusively with understanding the FHA's documentation and their rules and procedures. If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. 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 financial transaction is an FHA loan, it means it is secured by them. The lending company provides all the loaned money; the FHA simply insures the loan through mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are created to assist low-to-moderate income homebuyers 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. The loan programs that the Federal Housing Administration provides are exceedingly useful to buyers with less starting income. |