Need an appraisal for an FHA-backed mortgage? Call A. M. Appraisals
Rest assured that A. M. Appraisals is an FHA-certified appraisal practice in SC. We are qualified and approved to do appraisal reports for FHA secured financial transactions. A portion of the continuing training our staff at A. M. Appraisals undergoes deals strictly with decoding the FHA's documentation and their rules and procedures.
Be sure to contact A. M. Appraisals if you need an appraisal done for an FHA-secured loan.
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 financial transaction is an FHA-secured 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 mortgage is insured in case the borrower doesn't pay their loan. Low-income and moderate-income homebuyers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to help credit-worthy buyers to meet expectations and qualifications for lenders that 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 Federal Housing Administration provides are excessively helpful to consumers with less starting income.