Need an appraisal for an FHA-backed mortgage? Call McMillan Appraisal ServiceMcMillan Appraisal Service is WA state certified and on the FHA Roster of approved residential appraisers. We're qualified and approved to do appraisals for FHA secured financial transactions. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at McMillan Appraisal Service is well-trained on how to work in accordance with the rules and regulations provided. If you need an report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is backed by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lenders with security through mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are built to aid low-to-moderate income buyers help meet credit qualifications if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration provides are acutely beneficial to purchasers with less starting capital. |