Value Source Appraisals is ready for your FHA workThe FHA publishes a list of approved appraisers for each state - Value Source Appraisals is on the roster of approved appraisers for GA. If you have an FHA-insured mortgage, be sure to contact Value Source Appraisals, as we are approved and certified to perform FHA reports. A certain amount of the ongoing training our staff at Value Source Appraisals receives deals precisely with comprehending the FHA's documentation and their rules and procedures. Be sure to contact Value Source Appraisals if you need an appraisal done for an FHA-secured loan. If your financial transaction is FHA approved, that means that the loan has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is make sure that the loan is insured in case the borrower defaults on his or her loan obligations. Low-income and moderate-income borrowers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and necessities for lending agencies that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Consumers with lower income or less starting funds to put down on a mortgage are helped the most from Federal Housing Administration loan programs. |