The FHA publishes a list of approved appraisers for each state - Applied Value Associates, Inc. is on the roster of approved appraisers for Georgia.
If you have an FHA-insured loan, be sure to call Applied Value Associates, Inc., as we are approved and certified to handle FHA reports.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. |
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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 financial transaction is an FHA-secured loan, it means it is backed by them.
The FHA does not loan capital to borrowers. Rather, it provides lenders with safety with mortgage insurance in case the borrower does not pay his or her financial obligations.
Low-income and moderate-income borrowers benefit the most from FHA-backed loan programs. The point of the Federal Housing Administration is to assist credit-worthy buyers get approved for mortgages that they otherwise would not.
Unlike the VA appraiser panel, the lending agency working with Federal Housing Administration has the ability to select the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
FHA loan programs are extremely useful to those homebuyers with less accumulated starting capital.