Need an appraisal for an FHA-backed mortgage? Call Maine AppraiserRest assured that Maine Appraiser is an FHA-certified appraisal practice in ME. If you have an FHA-insured mortgage, be sure to contact Maine Appraiser, as we are approved and qualified to handle FHA appraisal reports. Part of the continuing training our staff at Maine Appraiser undergoes deals strictly with understanding the FHA's documentation and their rules and procedures. If you need an appraisal 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 organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA loan, it means it is insured by them. The FHA does not provide funds to borrowers, rather, it provides lending organizations with security with mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are created to assist low-to-moderate income purchasers help meet credit qualifications 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 excessively beneficial to buyers with less starting income. |