Astute Appraisals, Inc. is your FHA certified appraisal companyWe are happy to say that Astute Appraisals, Inc. is an FHA-approved appraisal provider in MD. This means that we are qualified and approved by the FHA to do reports for house loans backed by them. Part of the ongoing training our staff at Astute Appraisals, Inc. completes deals exclusively with comprehending the FHA's documentation and their rules and procedures. Be sure to contact Astute Appraisals, Inc. if you need an appraisal done for an FHA-secured loan. If your home loan is FHA certified, that means that the loan has been secured by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The lending company takes care of all the money in the loan; the FHA simply backs the transaction through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income consumers benefit from an FHA-secured financial transaction; the point of the Federal Housing Administration is to aid credit-worthy potential buyers to meet expectations and qualifications for lenders that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are extremely beneficial to those consumers with less accumulated funding. |