Need an appraisal for an FHA-backed mortgage? Call Appalachian AppraisalWe are happy to say that Appalachian Appraisal is an FHA-approved appraisal provider in KY. We're qualified and approved to do reports for FHA insured loans. A portion of the periodic training our staff at Appalachian Appraisal undergoes deals strictly with decoding the FHA's documentation and their rules and procedures. Be sure to contact Appalachian Appraisal if you need an appraisal done for an FHA-secured 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 lending company provides all the finances; the FHA simply secures the transaction by providing mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-secured financial transaction; the purpose of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and requirements for lending organizations that they otherwise would not. 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 income or less starting capital to put down on a loan benefit the most from Federal Housing Administration loan programs. |