Appraisals by PendletonThe FHA publishes a list of approved appraisers for each state - Appraisals by Pendleton is on the roster of approved appraisers for VA. We're certified and approved to do reports for FHA secured loans. Part of the periodic training our staff at Appraisals by Pendleton receives deals precisely with comprehending the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is insured by them. None of the funds are provided by the FHA; what the FHA does is ensure that the mortgage is paid for in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to benefit low-to-moderate income homebuyers help meet credit qualifications if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Buyers with lower income or less starting funds to use as a down-payment on a mortgage are helped the most from Federal Housing Administration loan programs. |