Need an appraisal for an FHA-backed mortgage? Call JMP AppraisalsJMP Appraisals is VA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured loan, be sure to hire JMP Appraisals, as we are approved and qualified to produce FHA appraisal reports. Part of the periodic training our staff at JMP Appraisals undergoes deals precisely with decoding 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 organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-insured loan, it means it is underwritten by them. The lending organization takes care of all the finances; the FHA simply secures the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income consumers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and necessities for lending agencies 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 acutely helpful to purchasers with less starting income. |