Appraisals by Tom can do FHA loansWe are happy to say that Appraisals by Tom is an FHA-certified appraisal provider in VA. Appraisals by Tom is qualified and approved to do reports for FHA insured financial transactions. A certain amount of the ongoing training our staff at Appraisals by Tom undergoes deals exclusively with decoding the FHA's documentation and their rules and procedures. Be sure to contact Appraisals by Tom if you need an appraisal done for an FHA-secured loan. 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-secured loan, it means it is secured by them. The FHA does not loan money to borrowers, rather, it provides lending agencies with protection with mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are designed to aid low-to-moderate income purchasers help meet credit requirements if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration offers are excessively useful to buyers with less starting capital. |