Lakewood Evaluations is your FHA certified appraisal companyRest assured that Lakewood Evaluations is an FHA-approved appraisal firm 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 comprehend, but the staff at Lakewood Evaluations is well-trained on how to follow the rules and regulations provided. If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is backed by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lenders with safety through mortgage insurance in case the borrower defaults on his or her loan obligations. Applicable to all buyers, FHA loan programs are formed to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are extremely useful to those consumers with less available starting capital. |