Need an appraisal for an FHA-backed mortgage? Call Smith Appraisal

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

Be sure to contact Smith Appraisal if you need an appraisal done for an FHA-secured loan.

An FHA loan is secured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lending agencies with security by offering mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income borrowers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to help credit-worthy buyers to meet expectations and necessities for lending organizations that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lower income or less starting capital to put down on a mortgage benefit the most from FHA loan programs.