Rest assured that McPherson Appraisal Service, Inc is an FHA-certified appraisal firm in Kentucky.
This means that we are certified and approved by the FHA to do reports for property loans underwritten by them.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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If you need 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 home loan is FHA certified, that means that the loan has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD).
The FHA does not loan funds to borrowers. Rather, it provides lending organizations with safety with mortgage insurance in case the borrower does not pay his or her financial obligations.
Low-income and moderate-income homebuyers benefit the most from FHA-backed loan programs. The purpose of the Federal Housing Administration is to aid credit-worthy families and individuals get approved for mortgages that they otherwise would not.
Unlike the VA appraiser panel, the lender working with FHA has the ability to choose the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
Buyers with lower incomes or less starting funds to use as a down-payment on a mortgage benefit the most from FHA loan programs.