Northwood Appraisal is your FHA certified appraisal company

The FHA publishes a list of approved appraisers for each state - Northwood Appraisal is on the roster of approved appraisers for WA. If you have an FHA-secured loan, be sure to call Northwood Appraisal, as we are approved and qualified to handle FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Northwood Appraisal is well-trained on how to work in accordance with the rules and regulations provided.

An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lenders with safety through mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and requirements for lending agencies that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration provides are incredibly beneficial to buyers with less starting capital.