Need an appraisal for an FHA-backed mortgage? Call Warrenton Appraisal GroupThe FHA maintains of approved appraisers for each state - Warrenton Appraisal Group is on the roster of approved appraisers for VA. If you have an FHA-secured loan, be sure to hire Warrenton Appraisal Group, as we are approved and qualified to produce FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-insured loan, it means it is backed by them. The lending company provides all the finances; the FHA simply insures the loan through mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are created to assist low-to-moderate income purchasers help meet credit requirements if 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 lower income or less starting funds to put down on a financial transaction benefit the most from Federal Housing Administration loan programs. |