is Georgia state certified and on the FHA Roster of approved residential appraisers.
We're certified and approved to do appraisal reports for FHA secured loans.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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 financial transaction is an FHA-secured loan, it means it is insured by them.
The lending company takes care of all the financing - the FHA simply backs the transaction with mortgage insurance in case the borrower does not pay off his or her loan.
The FHA and their loan programs are designed to assist low-to-moderate income buyers by easing credit requirements.
Remember that the lending agency approving a loan backed by the FHA is allowed to choose which appraisers they work with, different from VA appraisal panel.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
FHA loan programs are incredibly helpful to those homebuyers with less accumulated cash.
