MANDERFIELD APPRAISAL GROUP
MANDERFIELD APPRAISAL GROUP is VA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-mortgage, be sure to hire MANDERFIELD APPRAISAL GROUP, as we are approved and certified to perform FHA appraisal reports. 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.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
An FHA loan is insured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lending company takes care of all the loaned money; the FHA simply backs the loan by providing mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are created to assist low-to-moderate income consumers help meet credit qualifications if they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly beneficial to those purchasers with less available funding.