is Missouri state certified and on the FHA Roster of approved residential appraisers.
Serviced Appraisals is certified and approved to do appraisal reports for FHA insured financial transactions.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If your home loan is FHA insured, that means that it has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD).
The FHA does not loan money to borrowers. Rather, it provides lending organizations with safety through mortgage insurance in case the borrower defaults on his or her loan obligations.
The FHA and their loan programs are formed to help low-to-moderate income purchasers by easing credit qualifications.
Different from the VA appraiser panel, the lending agency working with FHA is allowed 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 available cash.