is Louisiana state certified and on the FHA Roster of approved residential appraisers.
We are qualified and approved to do reports for FHA secured loans.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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 underwritten by them.
The FHA does not loan money to borrowers. Rather, it provides lending organizations with safety through mortgage insurance in case the borrower does not pay his or her loan obligations.
Low-income and moderate-income consumers benefit the most from FHA-backed loan programs. The point of the Federal Housing Administration is to assist credit-worthy buyers get approved for mortgages that they otherwise would not.
Remember, the FHA deviates from the VA appraiser panel in that the lending organization can pick the appraisal company.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
FHA loan programs are particularly useful to those buyers with less accumulated starting capital.
