Need an appraisal for an FHA-backed mortgage? Call National Home Appraisal Corporation
National Home Appraisal Corporation is MA state certified and on the FHA Roster of approved residential appraisers. We're certified and approved to do appraisals for FHA secured financial transactions. A certain amount of the ongoing training our staff at National Home Appraisal Corporation completes deals exclusively with comprehending the FHA's documentation and their rules and procedures.
If you need an report for an FHA loan, please contact us, and we'll be able to help you right away.
An FHA loan is insured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan capital 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 consumers benefit from an FHA-backed financial transaction; the point of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and necessities for lenders that 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 provides are extremely helpful to purchasers with less starting income.