Freedom Appraisal Services, LLC is approved for FHA backed loansThe FHA publishes a list of approved appraisers for each state - Freedom Appraisal Services, LLC is on the roster of approved appraisers for PA. This indicates that we are qualified and approved by the FHA to do appraisal reports for home loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Freedom Appraisal Services, LLC is well-trained on how to follow the rules and regulations provided. Be sure to contact Freedom Appraisal Services, LLC 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 financial transaction is an FHA-insured loan, it means it is insured by them. The lending organization provides all the money in the loan; the FHA simply backs the loan with mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income consumers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to aid credit-worthy consumers to meet expectations and requirements for lending agencies that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Those with lower income or less starting money to use as a down-payment on a mortgage benefit the most from Federal Housing Administration loan programs. |