Astute Appraisals, Inc. can do FHA loans
Astute Appraisals, Inc. is MD state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured loan, be sure to get with Astute Appraisals, Inc., as we are approved and qualified to perform FHA appraisal reports. Part of the regular training our staff at Astute Appraisals, Inc. receives deals strictly with comprehending 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.
If your property loan is FHA approved, that means that the loan has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lenders with security with mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are designed to help low-to-moderate income homebuyers 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. The loan programs that the FHA provides are exceedingly beneficial to purchasers with less starting income.