Need an appraisal for an FHA-backed mortgage? Call Appraisal NerdThe FHA publishes a list of approved appraisers for each state - Appraisal Nerd is on the roster of approved appraisers for Virginia. If you have an FHA-loan, be sure to call Appraisal Nerd, as we are approved and qualified to handle FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Appraisal Nerd is well-trained on how to follow the rules and regulations provided. Be sure to contact Appraisal Nerd if you need an appraisal done for an FHA-secured loan. An FHA loan is insured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lending organizations with security by offering mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are formed to benefit low-to-moderate income homebuyers help meet credit requirements if 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. The loan programs that the FHA offers are extremely useful to buyers with less starting income. |