N W Appraisals

We assure you that N W Appraisals is an FHA-certified appraisal company in ID. If you have an FHA-secured mortgage, be sure to contact N W Appraisals, as we are approved and qualified to perform FHA reports. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at N W Appraisals is well-trained on how to comply with the rules and regulations provided.

If your loan is FHA insured, 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). The lender takes care of all the finances; the FHA simply backs the transaction with mortgage insurance in case the borrower does not pay off his or her loan. Applicable to all consumers, FHA loan programs are formed to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly useful to those homebuyers with less accumulated starting capital.