Need an appraisal for an FHA-backed mortgage? Call Astute Appraisals, Inc.
Astute Appraisals, Inc. is MD state certified and on the FHA Roster of approved residential appraisers. We are qualified and approved to do appraisals for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Astute Appraisals, Inc. is well-trained on how to comply with 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 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 underwritten by them. None of the money in the loan is provided by the FHA; what the FHA does is make sure that the loan is insured in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to help low-to-moderate income buyers help meet credit requirements if they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA offers are exceedingly useful to consumers with less starting capital.