Rest assured that Solution Appraisal Services is an FHA-certified appraisal provider in Massachusetts. We are certified and approved to do appraisal reports for FHA insured financial transactions. A portion of the continuing training our staff at Solution Appraisal Services undergoes deals exclusively with understanding the FHA's documentation and their rules and procedures.
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If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
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An FHA loan is insured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The lender provides all the funds being borrowed - the FHA simply backs the transaction through mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are designed to help low-to-moderate income consumers by easing credit qualifications. Remember, the FHA is different from the VA appraiser panel in that the lending organization can select the appraiser.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the FHA provides are invaluable to purchasers with less starting capital.