Need an appraisal for an FHA-backed mortgage? Call Appraisal Associates, LLC
Appraisal Associates, LLC is TN state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured loan, be sure to hire Appraisal Associates, LLC, as we are approved and certified to produce FHA appraisal reports. A certain amount of the periodic training our staff at Appraisal Associates, LLC undergoes deals exclusively with decoding the FHA's documentation and their rules and procedures.
Contact us today if you need to get an appraisal done on an FHA-insured 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-insured loan, it means it is secured by them. The FHA does not loan funds to borrowers, rather, it provides lenders with security by offering mortgage insurance in case the borrower defaults on his or her financial obligations. Available to all buyers, FHA loan programs are made to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the Federal Housing Administration offers are exceedingly helpful to consumers with less starting capital.