Scott Olson is approved for FHA mortgagesRest assured that Scott Olson is an FHA-certified appraisal service in WA. This means that we are certified and approved by the FHA to do appraisal reports for home loans insured by them. A certain amount of the periodic training our staff at Scott Olson receives deals precisely with comprehending the FHA's documentation and their rules and procedures. Be sure to contact Scott Olson if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal organization 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. None of the money in the loan is provided by the FHA; what the FHA does is make sure that the loan is paid for in case the borrower doesn't pay their loan. Applicable to all homebuyers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration offers are incredibly helpful to purchasers with less starting capital. |