Need an appraisal for an FHA-backed mortgage? Call National Home Appraisal Corporation
The FHA maintains of approved appraisers for each state - National Home Appraisal Corporation is on the roster of approved appraisers for MA. We're qualified and approved to do reports for FHA secured financial transactions. A certain amount of the regular training our staff at National Home Appraisal Corporation undergoes deals precisely with understanding the FHA's documentation and their rules and procedures.
If you're in need of 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 loan, it means it is secured by them. No part of the loan is provided by the FHA; what the FHA does is make sure that the loan is insured in case the borrower doesn't pay their loan. Accessible to all purchasers, FHA loan programs are formed to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the FHA offers are extremely useful to buyers with less starting income.