is Kentucky state certified and on the FHA Roster of approved residential appraisers.
This indicates that we are qualified and approved by the FHA to do appraisals for home loans insured by them.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
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If your house loan is FHA insured, that means that the loan has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD).
The lending organization takes care of all the funds being borrowed - the FHA simply backs the transaction with mortgage insurance in case the borrower defaults on his or her loan.
The FHA and their loan programs are created to help low-to-moderate income homebuyers by easing credit requirements.
Remember that the lender approving a loan backed by the Federal Housing Administration is allowed to pick which appraisers they will use, different from VA appraisal panel.
Down payments are often lower with an FHA loan despite using conventional market rates.
The loan programs that the Federal Housing Administration provides are lifesavers to buyers with less starting income.