Need an appraisal for an FHA-backed mortgage? Call Allatoona Appraisal
Rest assured that Allatoona Appraisal is an FHA-certified appraisal firm in GA. If you have an FHA-loan, be sure to call Allatoona Appraisal, as we are approved and certified to handle FHA reports. A certain amount of the continuing training our staff at Allatoona Appraisal completes deals strictly with understanding the FHA's documentation and their rules and procedures.
If you're in need of an 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 loan, it means it is insured by them. The FHA does not loan funds to borrowers, rather, it provides lenders with safety through mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income borrowers benefit from an FHA-secured financial transaction; the point of the Federal Housing Administration is to aid credit-worthy potential buyers to meet expectations and qualifications for lending organizations that they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA offers are incredibly helpful to consumers with less starting capital.