We assure you that Beach Appraisal (757)426-1941 is an FHA-approved appraisal practice in Virginia.
We're certified and approved to do appraisal reports for FHA secured loans.
A certain amount of the continuing training our staff at Beach Appraisal (757)426-1941 completes deals strictly with comprehending the FHA's documentation and their rules and procedures.
The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD); if your financial transaction is an FHA loan, it means it is backed by them.
The lender takes care of all the money in the loan - the FHA simply insures the loan with mortgage insurance in case the borrower defaults on 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 have the qualifications for conventional loans.
Remember, the FHA deviates from the VA appraiser panel in that the lender can choose the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are extremely helpful to those purchasers with less available starting capital.
