Need an appraisal for an FHA-backed mortgage? Call MANDERFIELD APPRAISAL GROUP
MANDERFIELD APPRAISAL GROUP is VA state certified and on the FHA Roster of approved residential appraisers. We're certified and approved to do appraisal reports for FHA insured loans. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at MANDERFIELD APPRAISAL GROUP is well-trained on how to follow the rules and regulations provided.
Be sure to contact MANDERFIELD APPRAISAL GROUP if you need an appraisal done for an FHA-secured loan.
If your loan is FHA approved, that means that it has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The lending company provides all the money in the loan; the FHA simply insures the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income consumers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to help credit-worthy buyers to meet expectations and qualifications for lending agencies that they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lower income or less starting money to put down on a loan are helped the most from Federal Housing Administration loan programs.