Need an appraisal for an FHA-backed mortgage? Call Appraise RichmondWe are happy to say that Appraise Richmond is an FHA-approved appraisal service in VA. If you have an FHA-insured mortgage, be sure to call Appraise Richmond, as we are approved and qualified to handle FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Appraise Richmond if you need an appraisal done for an FHA-secured loan. If your financial transaction is FHA certified, that means that it has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lenders with safety through mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are formed to help low-to-moderate income consumers help meet credit expectations if 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 provides are acutely beneficial to consumers with less starting income. |