Need an appraisal for an FHA-backed mortgage? Call Allatoona Appraisal
We confidently state that Allatoona Appraisal is an FHA-certified appraisal practice in GA. If you have an FHA-loan, be sure to contact Allatoona Appraisal, as we are approved and qualified to produce FHA appraisals. A portion of the continuing training our staff at Allatoona Appraisal receives deals exclusively with comprehending the FHA's documentation and their rules and procedures.
If you're in need of 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 financial transaction is an FHA-insured loan, it means it is secured by them. None of the funds are provided by the FHA; what the FHA does is make sure that the loan is insured in case the borrower doesn't pay their loan. Low-income and moderate-income consumers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and qualifications for lending agencies that they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. Buyers with lesser income or less starting capital to use as a down-payment on a mortgage are assisted the most from FHA loan programs.