Rest assured that Chris Barrett Appraisal Sevices is an FHA-certified appraisal practice in Mississippi.
This indicates that we are certified and approved by the FHA to do appraisals for home loans insured by them.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. |
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If your loan is FHA insured, 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).
The lending organization takes care of all the financing - the FHA simply insures the transaction with mortgage insurance in case the borrower does not pay off his or her loan.
Accessible to all purchasers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember, the FHA is different from the VA appraiser panel in that the lending organization can pick the appraisal company.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
The loan programs that the FHA provides are lifesavers to purchasers with minimal starting capital.