Warrenton Appraisal Group can do FHA appraisalsThe FHA maintains of approved appraisers for each state - Warrenton Appraisal Group is on the roster of approved appraisers for VA. This indicates that we are qualified and approved by the FHA to do appraisals for house loans insured by them. Part of the regular training our staff at Warrenton Appraisal Group undergoes deals strictly with understanding the FHA's documentation and their rules and procedures. Be sure to contact Warrenton Appraisal Group if you need an appraisal done for an FHA-secured loan. An FHA loan is secured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lender provides all the money in the loan; the FHA simply secures the loan by providing mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income borrowers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and qualifications for lending organizations that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration offers are extremely helpful to buyers with less starting capital. |