406 Valuation, LLC

406 Valuation, LLC is MT state certified and Scott Spear MAI, SRA is on the VA Approved Appraiser Roster and the FHA Roster of approved FHA appraisers. 406 Valuation, LLC is certified and approved to do reports for FHA secured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

Be sure to contact 406 Valuation, LLC if you need an appraisal done for an FHA-secured loan.

If your house loan is FHA insured, that means that the loan has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The lender provides all the loaned money; the FHA simply insures the loan with mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are built to help low-to-moderate income buyers help meet credit expectations if they otherwise would not.

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