is Oregon state certified and on the FHA Roster of approved residential appraisers. This indicates that we are qualified and approved by the FHA to do appraisal reports for home loans insured by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at WT Residential Appraisal, LLC is well-trained on how to follow the rules and regulations provided.
If your financial transaction is FHA insured, that means that the loan has been guaranteed by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The lender provides all the money in the loan - the FHA simply insures the loan through mortgage insurance in case the borrower does not pay off his or her loan. Accessible to all consumers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Remember, the FHA is different from the VA appraiser panel in that the lending agency can select the appraisal company.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the Federal Housing Administration offers are extremely helpful to buyers with less starting income.
