is Kentucky state certified and on the FHA Roster of approved residential appraisers.
We're certified and approved to do appraisal reports for FHA insured financial transactions.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If your financial transaction is FHA certified, that means that the loan has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD).
None of the money in the loan is provided by the FHA. What the FHA does is see to it that the loan is taken care of in case the borrower doesn't pay their loan.
The FHA and their loan programs are created to benefit low-to-moderate income consumers by easing credit requirements.
Remember that the lending agency approving a loan backed by the FHA is free to choose which appraisers they work with, unlike the VA appraisal panel.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
The loan programs that the FHA provides are lifesavers to purchasers with less starting capital.
