Need an appraisal for an FHA-backed mortgage? CallThe FHA keeps a roster of approved appraisers for each state - is on the roster of approved appraisers for . If you have an FHA-secured loan, be sure to contact , as we are approved and qualified to handle FHA appraisal reports. Part of the regular training our staff at receives deals precisely with decoding the FHA's documentation and their rules and procedures. 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 organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-secured loan, it means it is backed by them. None of the funds are 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. Low-income and moderate-income borrowers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to assist credit-worthy potential buyers to meet expectations and requirements for lending organizations that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Consumers with lower income or less starting funds to use as a down-payment on a loan are helped the most from FHA loan programs. |