The FHA keeps a list of approved appraisers for each state - Appia Appraisal Group, LLC is on the roster of approved appraisers for Nevada.
This means that we are qualified and approved by the FHA to do reports for home loans underwritten by them.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Appia Appraisal Group, LLC is well-trained on how to follow the rules and regulations provided.
||If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.
If your loan is FHA insured, that means that it has been secured by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD).
The lender takes care of all the funds being borrowed - the FHA simply insures the transaction through mortgage insurance in case the borrower defaults on his or her loan.
Available to all homebuyers, FHA loan programs are formed to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Remember that the lending organization approving a loan associated with the Federal Housing Administration is free to select which appraisers they will use, different from VA appraisal panel.
Down payments are often lower with an FHA loan despite using conventional market rates.
Those with lesser incomes or less starting money to use as a down-payment on a mortgage benefit the most from Federal Housing Administration loan programs.