Veteran Appraisal LLC is approved for FHA appraisalsThe FHA keeps a roster of approved appraisers for each state - Veteran Appraisal LLC is on the roster of approved appraisers for SC. This indicates that we are certified and approved by the FHA to do appraisals for home loans insured by them. A certain amount of the continuing training our staff at Veteran Appraisal LLC undergoes deals precisely with decoding the FHA's documentation and their rules and procedures. If you need an appraisal 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 agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-insured loan, it means it is insured by them. The lending company provides all the money in the loan; the FHA simply backs the transaction with mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-secured loan; the purpose of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and qualifications for lending organizations that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration offers are extremely useful to purchasers with less starting capital. |