Michael Shank is your FHA certified appraisal company

Michael Shank is Washington state certified and on the FHA Roster of approved residential appraisers.  This means that we are qualified and approved by the FHA to do reports for home loans underwritten by them. A portion of the regular training our staff at Michael Shank receives deals strictly with understanding the FHA's documentation and their rules and procedures.

If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.

The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD); if your loan is an FHA-insured loan, it means it is secured by them. The lender provides all the financing - the FHA simply secures the transaction through mortgage insurance in case the borrower does not pay off his or her loan. Applicable to all purchasers, FHA loan programs are made to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Remember that the lending organization approving a loan associated with the Federal Housing Administration is allowed to select their appraisers, unlike the VA appraisal panel.

Down payments are often lower with an FHA loan despite using conventional market rates. Buyers with lesser incomes or less starting capital to use as a down-payment on a mortgage are helped the most from Federal Housing Administration loan programs.