Need an appraisal for an FHA-backed mortgage? Call MANDERFIELD APPRAISAL GROUP
The FHA publishes a list of approved appraisers for each state - MANDERFIELD APPRAISAL GROUP is on the roster of approved appraisers for VA. This means that we are qualified and approved by the FHA to do appraisal reports for home loans insured by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at MANDERFIELD APPRAISAL GROUP is well-trained on how to work in accordance with the rules and regulations provided.
Be sure to contact MANDERFIELD APPRAISAL GROUP if you need an appraisal done for an FHA-secured loan.
The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-insured loan, it means it is insured by them. The lending company takes care of all the loaned money; the FHA simply insures the transaction through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and necessities for lenders that 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 useful to those consumers with less accumulated funding.