Allen Residential Appraisals, LLC is your FHA certified appraisal companyThe FHA retains of approved appraisers for each state - Allen Residential Appraisals, LLC is on the roster of approved appraisers for VA. We're certified and approved to do reports for FHA secured financial transactions. A certain amount of the ongoing training our staff at Allen Residential Appraisals, LLC undergoes deals precisely with decoding the FHA's documentation and their rules and procedures. If you need an report 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-insured loan, it means it is insured by them. The lending organization takes care of all the money in the loan; the FHA simply backs the loan through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income borrowers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and requirements for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA provides are exceedingly useful to purchasers with less starting income. |