Need an appraisal for an FHA-backed mortgage? Call National Home Appraisal Corporation
The FHA publishes a list 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 reports for property loans backed by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
Be sure to contact National Home Appraisal Corporation if you need an appraisal done for an FHA-secured loan.
If your property loan is FHA certified, 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 lending company provides 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. Applicable to all homebuyers, FHA loan programs are created to aid 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. Consumers with lesser income or less starting funds to put down on a financial transaction benefit the most from Federal Housing Administration loan programs.