is Pennsylvania state certified and on the FHA Roster of approved residential appraisers.
If you have an FHA-secured mortgage, be sure to contact REALTY WI$E, as we are approved and qualified to produce FHA appraisals.
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 home loan is FHA certified, that means that it has been secured by the FHA, which is part of the United States Department of Housing and Urban Development (HUD).
The FHA does not provide funds to borrowers. Rather, it provides lenders with safety with mortgage insurance in case the borrower defaults on his or her financial obligations.
Low-income and moderate-income borrowers benefit the most from FHA-secured loan programs. The point of the Federal Housing Administration is to help credit-worthy buyers get approved for mortgages that they otherwise would not.
Different from the VA appraiser panel, the lending organization working with Federal Housing Administration actually has the freedom to choose 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.
FHA loan programs are extremely helpful to those homebuyers with less accessible funding.