Appraisal SpecialistsThe FHA keeps a roster of approved appraisers for each state - Appraisal Specialists is on the roster of approved appraisers for CT. We are qualified and approved to do reports for FHA insured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Appraisal Specialists if you need an appraisal done for an FHA-secured loan. If your home loan is FHA certified, that means that it has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is make sure that the mortgage is taken care of in case the borrower defaults on his or her loan obligations. Available to all buyers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not have the qualifications 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. FHA loan programs are particularly beneficial to those buyers with less accumulated funding. |