We're FHA Approved All of our appraisers are FHA tested and on the FHA approved appraiser roster. 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. For updated information on FHA Property Requirements, click here. In the economic times we live in, it has become increasingly difficult to obtain financing. Available to all buyers, FHA loan programs are designed to help creditworthy low-income and moderate-income families who do not meet requirements for conventional loans. Many of the FHA loan programs available today are particularly beneficial to those buyers with less available cash or lower credit scores. The rates on these loans are generally market rates with lower down payment requirements than conventional loans. FHA has also helped in raising their loan amount to $410,000. An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers. It provides lenders protection through mortgage insurance (MIP) in case the borrower defaults on his or her loan obligations. FHA is continuing to develop new programs to assist home buyers and current home owners with their financing needs. By clicking here, you can visit their wesite for information reguarding buying and selling a home, help with a foreclosure situation, and finding a HUD approved lender.
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