Davis Appraisal Service

The FHA keeps a roster of approved appraisers for each state - Davis Appraisal Service is on the roster of approved appraisers for TN. This indicates that we are certified and approved by the FHA to do reports for property loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Davis Appraisal Service is well-trained on how to comply with the rules and regulations provided.

If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.

The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-secured loan, it means it is backed by them. The lending organization takes care of all the finances; the FHA simply insures the loan by providing mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are built to help low-to-moderate income consumers help meet credit expectations if they otherwise would not.

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 useful to those consumers with less accumulated cash.