Need an appraisal for an FHA-backed mortgage? Call Stacey Scott

The FHA keeps a roster of approved appraisers for each state - Stacey Scott is on the roster of approved appraisers for WA. If you have an FHA-secured mortgage, be sure to contact Stacey Scott, as we are approved and qualified to perform FHA reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Stacey Scott is well-trained on how to work in accordance with the rules and regulations provided.

If your home loan is FHA approved, that means that it has been secured by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is make sure that the mortgage is paid for in case the borrower doesn't pay their loan. Low-income and moderate-income consumers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and necessities 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 put down on a loan are helped the most from FHA loan programs.