National Home Appraisal Corporation is your FHA certified appraisal company
National Home Appraisal Corporation is MA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured loan, be sure to get with National Home Appraisal Corporation, as we are approved and qualified to handle FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at National Home Appraisal Corporation is well-trained on how to comply with the rules and regulations provided.
If you need 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 financial transaction is an FHA-secured loan, it means it is backed by them. The lender provides all the money in the loan; the FHA simply secures the transaction with mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are formed to assist low-to-moderate income buyers help meet credit expectations if they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lesser income or less starting capital to use as a down-payment on a financial transaction are assisted the most from FHA loan programs.