is your FHA certified appraisal companyThe FHA keeps a roster of approved appraisers for each state - is on the roster of approved appraisers for . is qualified and approved to do reports for FHA insured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact if you need an appraisal done for an FHA-secured loan. 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 loan, it means it is secured by them. The FHA does not loan funds to borrowers, rather, it provides lenders with security through mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income borrowers benefit from an FHA-backed financial transaction; the point of the Federal Housing Administration is to assist credit-worthy potential buyers to meet expectations and necessities for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly beneficial to those homebuyers with less accessible starting capital. |