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

The FHA publishes a list of approved appraisers for each state - Davis Appraisal Service is on the roster of approved appraisers for TN. This means that we are qualified and approved by the FHA to do appraisal reports for house loans insured by them. A certain amount of the continuing training our staff at Davis Appraisal Service receives deals precisely with understanding the FHA's documentation and their rules and procedures.

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 underneath the United States Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lending agencies with safety through mortgage insurance in case the borrower does not pay his or her loan obligations. Applicable to all consumers, FHA loan programs are built to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly useful to those buyers with less accessible cash.