Need an appraisal for an FHA-backed mortgage? Call Astute Appraisals, Inc.
The FHA retains of approved appraisers for each state - Astute Appraisals, Inc. is on the roster of approved appraisers for MD. We're qualified and approved to do appraisal reports for FHA secured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
Be sure to contact Astute Appraisals, Inc. if you need an appraisal done for an FHA-secured loan.
If your financial transaction is FHA insured, that means that the loan has been secured by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The lender provides all the money in the loan; the FHA simply secures the loan through mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are created to aid low-to-moderate income homebuyers help meet credit expectations if they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly helpful to those purchasers with less accessible funding.