is Tennessee state certified and on the FHA Roster of approved residential appraisers.
If you have an FHA-loan, be sure to call Davis Appraisal Service, as we are approved and certified to produce FHA appraisals.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Davis Appraisal Service is well-trained on how to follow the rules and regulations provided.
An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD).
The FHA does not loan funds to borrowers. Rather, it provides lending agencies with security through mortgage insurance in case the borrower does not pay his or her financial obligations.
The FHA and their loan programs are formed to assist low-to-moderate income buyers by easing credit qualifications.
Remember, the FHA differs from the VA appraiser panel in that the lender can pick the appraisal company.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
Those with lesser incomes or less starting funds to put down on a mortgage are assisted the most from FHA loan programs.
