Need an appraisal for an FHA-backed mortgage? Call National Home Appraisal Corporation
We assure you that National Home Appraisal Corporation is an FHA-certified appraisal provider in MA. If you have an FHA-loan, be sure to hire National Home Appraisal Corporation, as we are approved and qualified to handle FHA appraisal reports. 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 work in accordance with the rules and regulations provided.
Be sure to contact National Home Appraisal Corporation if you need an appraisal done for an FHA-secured loan.
If your house loan is FHA approved, that means that the loan has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The lender takes care of all the money in the loan; the FHA simply backs the transaction through mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income borrowers benefit from an FHA-secured financial transaction; the point of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and qualifications for lending agencies that they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely helpful to those homebuyers with less accessible cash.