Need an appraisal for an FHA-backed mortgage? Call AssateagueRest assured that Assateague is an FHA-approved appraisal firm in MD. This indicates that we are qualified and approved by the FHA to do appraisal reports for home loans underwritten by them. A certain amount of the regular training our staff at Assateague completes deals precisely with comprehending the FHA's documentation and their rules and procedures. If you need an appraisal 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-secured loan, it means it is underwritten by them. None of the money in 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. The FHA and their loan programs are built to benefit low-to-moderate income purchasers help meet credit requirements if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration offers are incredibly beneficial to consumers with less starting income. |