Need an appraisal for an FHA-backed mortgage? Call Davis Appraisal Service

Rest assured that Davis Appraisal Service is an FHA-certified appraisal firm in TN. This indicates that we are qualified and approved by the FHA to do reports for property loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

Be sure to contact Davis Appraisal Service if you need an appraisal done for an FHA-secured loan.

If your house loan is FHA certified, that means that the loan has been guaranteed by the Federal Housing Administration, which is part of 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 ensure that the mortgage is paid for in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are created to help low-to-moderate income purchasers help meet credit requirements if they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lesser income or less starting capital to put down on a mortgage benefit the most from Federal Housing Administration loan programs.