Need an appraisal for an FHA-backed mortgage? Call Bridgeport Appraisal, LLCWe confidently state that Bridgeport Appraisal, LLC is an FHA-certified appraisal service in WA. This indicates that we are qualified and approved by the FHA to do reports for property loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Bridgeport Appraisal, LLC is well-trained on how to comply with the rules and regulations provided. Be sure to contact Bridgeport Appraisal, LLC 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 insured by them. The FHA does not loan money to borrowers, rather, it provides lending agencies with security through mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income borrowers benefit from an FHA-secured financial transaction; the point of the Federal Housing Administration is to aid credit-worthy consumers to meet expectations and qualifications for lending agencies that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Buyers with lower income or less starting funds to use as a down-payment on a financial transaction are helped the most from Federal Housing Administration loan programs. |