is Mississippi 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 house loans backed by them.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If your loan is FHA insured, that means that the loan has been secured by the FHA, which is part of the United States Department of Housing and Urban Development (HUD).
The FHA does not loan funds to borrowers. Rather, it provides lenders with protection with mortgage insurance in case the borrower does not pay his or her financial obligations.
Low-income and moderate-income borrowers benefit the most from FHA-backed loan programs. The purpose of the Federal Housing Administration is to assist credit-worthy families and individuals get approved for mortgages that they otherwise would not.
Different from the VA appraiser panel, the lending agency working with FHA has the ability to pick the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
Purchasers with lesser incomes or less starting funds to use as a down-payment on a mortgage are assisted the most from Federal Housing Administration loan programs.
