Need an appraisal for an FHA-backed mortgage? Call Allatoona Appraisal
Allatoona Appraisal is GA state certified and on the FHA Roster of approved residential appraisers. This means that we are certified and approved by the FHA to do reports for home loans backed by them. Part of the ongoing training our staff at Allatoona Appraisal completes deals strictly with understanding the FHA's documentation and their rules and procedures.
Be sure to contact Allatoona Appraisal 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 underwritten by them. None of the funds are provided by the FHA; what the FHA does is make sure that the mortgage is insured in case the borrower defaults on his or her loan obligations. Accessible to all buyers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration provides are exceedingly useful to consumers with less starting capital.