Need an appraisal for an FHA-backed mortgage? Call Astute Appraisals, Inc.
The FHA retains of approved appraisers for each state - Astute Appraisals, Inc. is on the roster of approved appraisers for MD. Astute Appraisals, Inc. is qualified and approved to do appraisals for FHA insured financial transactions. Part of the ongoing training our staff at Astute Appraisals, Inc. undergoes deals strictly with comprehending the FHA's documentation and their rules and procedures.
If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.
If your loan is FHA certified, that means that it has been secured by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The lender provides all the loaned money; the FHA simply backs the transaction with mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are created to benefit 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. Buyers with lower income or less starting money to use as a down-payment on a loan are assisted the most from FHA loan programs.