Need an appraisal for an FHA-backed mortgage? Call Davis Appraisal Service
The FHA maintains of approved appraisers for each state - Davis Appraisal Service is on the roster of approved appraisers for TN. Davis Appraisal Service is certified and approved to do reports for FHA insured financial transactions. A certain amount of the periodic training our staff at Davis Appraisal Service undergoes deals precisely with decoding the FHA's documentation and their rules and procedures.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is secured by them. No part of the loan is provided by the FHA; what the FHA does is make sure that the loan is taken care of in case the borrower defaults on his or her loan obligations. Accessible to all buyers, FHA loan programs are formed to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly helpful to those consumers with less available starting capital.