National Home Appraisal Corporation
The FHA keeps a roster of approved appraisers for each state - National Home Appraisal Corporation is on the roster of approved appraisers for MA. This indicates that we are certified and approved by the FHA to do appraisal reports for property loans underwritten by them. A portion of the continuing training our staff at National Home Appraisal Corporation completes deals exclusively with decoding the FHA's documentation and their rules and procedures.
Be sure to contact National Home Appraisal Corporation if you need an appraisal done for an FHA-secured loan.
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 loan is an FHA-secured loan, it means it is secured by them. The FHA does not provide funds to borrowers, rather, it provides lenders with safety by offering mortgage insurance in case the borrower defaults on his or her financial obligations. Accessible to all buyers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration offers are acutely helpful to purchasers with less starting capital.