We confidently state that VALLEY APPRAISERS LLC is an FHA-certified appraisal provider in Virginia.
This indicates that we are certified and approved by the FHA to do appraisal reports for house loans backed by them.
A portion of the continuing training our staff at VALLEY APPRAISERS LLC receives deals strictly with decoding the FHA's documentation and their rules and procedures.
If your home loan is FHA insured, that means that the loan has been guaranteed by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD).
The lender provides all the funds being borrowed - the FHA simply secures the loan with mortgage insurance in case the borrower does not pay off his or her loan.
Low-income and moderate-income consumers benefit the most from FHA-insured loan programs. The point of the Federal Housing Administration is to help credit-worthy consumers get approved for mortgages that they otherwise would not.
Remember, the FHA deviates from the VA appraiser panel in that the lending agency can choose the appraisal company.
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 offers are incredibly helpful to purchasers with minimal starting income.
