Need an appraisal for an FHA-backed mortgage? Call Appraisal PowerThe FHA keeps a roster of approved appraisers for each state - Appraisal Power is on the roster of approved appraisers for MA. Appraisal Power is certified and approved to do appraisals for FHA secured financial transactions. A portion of the regular training our staff at Appraisal Power undergoes deals precisely with comprehending the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured 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 loan, it means it is underwritten by them. No part of the loan is provided by the FHA; what the FHA does is make sure that the mortgage is taken care of in case the borrower doesn't pay their loan. Accessible to all purchasers, FHA loan programs are formed to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. 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 consumers with less accumulated starting capital. |