is Virginia state certified and on the FHA Roster of approved residential appraisers.
This means that we are certified and approved by the FHA to do appraisals for property loans insured by them.
Part of the regular training our staff at Belanger Appraisals, Inc receives deals precisely with comprehending the FHA's documentation and their rules and procedures.
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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. |
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If your property loan is FHA certified, 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 lending company provides all the financing - the FHA simply secures the transaction with mortgage insurance in case the borrower does not pay off his or her loan.
Applicable to all buyers, FHA loan programs are made to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Remember, the FHA differs from the VA appraiser panel in that the lending agency can pick the appraisal company.
Down payments are often lower with an FHA loan despite using conventional market rates.
The loan programs that the Federal Housing Administration offers are invaluable to buyers with minimal starting income.