is Missouri state certified and on the FHA Roster of approved residential appraisers.
This means that we are certified and approved by the FHA to do reports for property loans insured by them.
FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Appraisal Service and Solutions, LLC is well-trained on how to comply with the rules and regulations provided.
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If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
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An FHA loan is secured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD).
The lending organization provides all the loaned money - the FHA simply insures the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan.
Accessible to all homebuyers, FHA loan programs are built to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember, the FHA deviates from the VA appraiser panel in that the lender can select the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
Purchasers with lower incomes or less starting funds to use as a down-payment on a financial transaction are assisted the most from FHA loan programs.