Miller Appraisal Services, LLCWe confidently state that Miller Appraisal Services, LLC is an FHA-approved appraisal provider in Washington. If you have an FHA-secured loan, be sure to hire Miller Appraisal Services, LLC, as we are approved and certified to handle FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Miller Appraisal Services, LLC is well-trained on how to follow the rules and regulations provided.
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-insured loan, it means it is insured by them. The FHA does not provide funds to borrowers. Rather, it provides lending agencies with security with mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income borrowers benefit the most from FHA-secured loan programs. The purpose of the Federal Housing Administration is to aid credit-worthy consumers get approved for mortgages that they otherwise would not. Remember, the FHA is different from the VA appraiser panel in that the lender can choose the appraisal company. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lesser incomes or less starting funds to use as a down-payment on a financial transaction benefit the most from Federal Housing Administration loan programs. |
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