The FHA publishes a roster of approved appraisers for each state - Hub Appraisal is on the roster of approved appraisers for Massachusetts.
This means that we are qualified and approved by the FHA to do appraisal reports for home loans insured by them.
Part of the periodic training our staff at Hub Appraisal receives deals precisely with understanding the FHA's documentation and their rules and procedures.
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If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
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If your property loan is FHA certified, that means that the loan has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD).
The lending organization provides all the loaned money - the FHA simply backs the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan.
The FHA and their loan programs are created to benefit low-to-moderate income purchasers by easing credit expectations.
Unlike the VA appraiser panel, the lending organization working with FHA is allowed to select the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
The loan programs that the FHA offers are invaluable to consumers with less starting income.