Need an appraisal for an FHA-backed mortgage? Call nick vidrineThe FHA maintains of approved appraisers for each state - nick vidrine is on the roster of approved appraisers for LA. This means that we are qualified and approved by the FHA to do appraisals for property loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is insured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders with protection through mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are formed to benefit low-to-moderate income homebuyers 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. Purchasers with lesser income or less starting capital to use as a down-payment on a mortgage benefit the most from Federal Housing Administration loan programs. |