Pa Appraisal ServicesPa Appraisal Services is PA state certified and on the FHA Roster of approved residential appraisers. This indicates that we are certified and approved by the FHA to do reports for property loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away. If your loan is FHA insured, that means that it has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). The lending organization provides all the money in the loan; the FHA simply insures the loan through mortgage insurance in case the borrower does not pay off his or her loan. Applicable to all homebuyers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lower income or less starting funds to use as a down-payment on a mortgage benefit the most from Federal Housing Administration loan programs. |