Centurion Appraisal is your FHA certified appraisal companyThe FHA retains of approved appraisers for each state - Centurion Appraisal is on the roster of approved appraisers for WA. If you have an FHA-insured loan, be sure to contact Centurion Appraisal, as we are approved and certified to handle FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Centurion Appraisal is well-trained on how to work in accordance with the rules and regulations provided. Be sure to contact Centurion Appraisal if you need an appraisal done for an FHA-secured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lenders with protection by offering 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 cooperate with credit-worthy potential buyers to meet expectations and qualifications for lending agencies that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Consumers with lesser income or less starting capital to put down on a financial transaction are assisted the most from Federal Housing Administration loan programs. |