is Georgia state certified and on the FHA Roster of approved residential appraisers.
This indicates that we are qualified and approved by the FHA to do appraisal reports for property loans insured by them.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
An FHA loan is insured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD).
The lending organization provides all the funds being borrowed - the FHA simply secures the loan through mortgage insurance in case the borrower does not pay off his or her loan.
The FHA and their loan programs are formed to assist low-to-moderate income purchasers by easing credit qualifications.
Different from the VA appraiser panel, the lender working with FHA has the ability to choose the appraiser.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
Purchasers with lesser incomes or less starting funds to use as a down-payment on a financial transaction benefit the most from Federal Housing Administration loan programs.
