Need an appraisal for an FHA-backed mortgage? Call Allatoona Appraisal
We are happy to say that Allatoona Appraisal is an FHA-approved appraisal company in GA. If you have an FHA-secured mortgage, be sure to get with Allatoona Appraisal, as we are approved and certified to produce FHA appraisals. Part of the periodic training our staff at Allatoona Appraisal completes deals strictly with comprehending the FHA's documentation and their rules and procedures.
If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.
If your financial transaction is FHA insured, that means that it has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lenders with protection through mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income homebuyers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and necessities for lending agencies that they otherwise would not.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Consumers with lower income or less starting money to use as a down-payment on a mortgage are helped the most from Federal Housing Administration loan programs.