Need an appraisal for an FHA-backed mortgage? Call Gen 7

We confidently state that Gen 7 is an FHA-certified appraisal provider in WA. This means that we are certified and approved by the FHA to do appraisals for home loans backed by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Gen 7 is well-trained on how to work in accordance with the rules and regulations provided.

If your financial transaction is FHA certified, that means that it has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is ensure that the loan is taken care of in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to assist low-to-moderate income homebuyers help meet credit qualifications 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. Consumers with lesser income or less starting capital to put down on a loan benefit the most from FHA loan programs.