Need an appraisal for an FHA-backed mortgage? Call Sterling Appraisal Group

Sterling Appraisal Group is WA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-loan, be sure to call Sterling Appraisal Group, as we are approved and qualified to perform FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

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-insured loan, it means it is secured by them. The lending organization takes care of all the loaned money; the FHA simply secures the loan through mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are created to help low-to-moderate income consumers help meet credit requirements if they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lesser income or less starting funds to use as a down-payment on a loan benefit the most from FHA loan programs.