Need an appraisal for an FHA-backed mortgage? Call Touchstone Appraisal, LLC

The FHA maintains of approved appraisers for each state - Touchstone Appraisal, LLC is on the roster of approved appraisers for WA. We're qualified and approved to do reports for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Touchstone Appraisal, LLC is well-trained on how to comply with the rules and regulations provided.

If your home loan is FHA insured, that means that it has been secured by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The lending company provides all the finances; the FHA simply insures the transaction by providing 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 necessities for lenders that they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly useful to those consumers with less available funding.