The Appraisal FirmThe Appraisal Firm is HI state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured loan, be sure to contact The Appraisal Firm, as we are approved and qualified to handle FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at The Appraisal Firm is well-trained on how to follow the rules and regulations provided. Contact us today if you need to get an appraisal done on an FHA-insured loan. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-secured loan, it means it is secured by them. None of the funds are provided by the FHA; what the FHA does is make sure that the mortgage is taken care of in case the borrower doesn't pay their loan. The FHA and their loan programs are created to assist low-to-moderate income buyers help meet credit requirements if they otherwise would not. 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 homebuyers with less available cash. |