Need an appraisal for an FHA-backed mortgage? Call Warrenton Appraisal GroupWe are happy to say that Warrenton Appraisal Group is an FHA-certified appraisal provider in VA. Warrenton Appraisal Group is certified and approved to do appraisals for FHA secured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Warrenton Appraisal Group if you need an appraisal done for an FHA-secured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending company provides all the loaned money; the FHA simply secures the transaction through 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 financial transaction; the purpose of the Federal Housing Administration is to help credit-worthy buyers to meet expectations and necessities for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lesser income or less starting money to put down on a loan are assisted the most from Federal Housing Administration loan programs. |