is Connecticut state certified and on the FHA Roster of approved residential appraisers.
If you have an FHA-loan, be sure to get with Access Appraisals, as we are approved and certified to handle FHA appraisals.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. |
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If your financial transaction is FHA certified, that means that it has been secured by the FHA, which is part of the United States Department of Housing and Urban Development (HUD).
The FHA does not loan funds to borrowers. Rather, it provides lending agencies with safety through mortgage insurance in case the borrower defaults on his or her loan obligations.
Low-income and moderate-income homebuyers benefit the most from FHA-secured loan programs. The purpose of the Federal Housing Administration is to assist credit-worthy buyers get approved for mortgages that they otherwise would not.
Different from the VA appraiser panel, the lending organization working with FHA has the freedom to choose the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
Those with lesser incomes or less starting money to use as a down-payment on a loan are assisted the most from FHA loan programs.