Rest assured that Appraisal Solutions is an FHA-approved appraisal company in Alabama.
Appraisal Solutions is certified and approved to do reports for FHA secured financial transactions.
Part of the regular training our staff at Appraisal Solutions completes deals strictly with understanding the FHA's documentation and their rules and procedures.
An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD).
None of the funds are provided by the FHA. What the FHA does is see to it that the mortgage is paid for in case the borrower defaults on his or her loan obligations.
Accessible to all homebuyers, FHA loan programs are formed to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Remember, the FHA is different from the VA appraiser panel in that the lending agency can select the appraiser.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
FHA loan programs are extremely helpful to those purchasers with less available starting capital.
