Need an appraisal for an FHA-backed mortgage? Call Astute Appraisals, Inc.
Rest assured that Astute Appraisals, Inc. is an FHA-approved appraisal provider in MD. Astute Appraisals, Inc. is certified and approved to do appraisal reports for FHA insured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
An FHA loan is backed by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending agencies with safety with mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are designed to benefit low-to-moderate income buyers help meet credit expectations 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. The loan programs that the Federal Housing Administration provides are extremely helpful to consumers with less starting income.