Need an appraisal for an FHA-backed mortgage? Call Gregory James Company, Inc.
The FHA maintains of approved appraisers for each state - Gregory James Company, Inc. is on the roster of approved appraisers for GA. We're certified and approved to do reports for FHA insured loans. Part of the continuing training our staff at Gregory James Company, Inc. undergoes deals precisely with decoding the FHA's documentation and their rules and procedures.
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 agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-insured loan, it means it is secured by them. No part of the loan is provided by the FHA; what the FHA does is ensure that the loan is taken care of in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are created to assist low-to-moderate income buyers help meet credit qualifications if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration offers are acutely helpful to buyers with less starting income.