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

Cactus Appraisal is Washington state certified and on the FHA Roster of approved residential appraisers. We are qualified and approved to do appraisals for FHA insured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA loan, it means it is backed by them. The lending organization provides all the loaned money; the FHA simply secures the transaction with mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are created to help low-to-moderate income purchasers help meet credit expectations if 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. The loan programs that the Federal Housing Administration provides are excessively beneficial to consumers with less starting capital.