Advance Appraisal is ready for your FHA appraisalsThe FHA keeps a roster of approved appraisers for each state - Advance Appraisal is on the roster of approved appraisers for MT. This indicates that we are qualified and approved by the FHA to do appraisal reports for property loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Advance Appraisal is well-trained on how to work in accordance with the rules and regulations provided. Be sure to contact Advance Appraisal if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA loan, it means it is insured by them. The lending organization provides all the finances; the FHA simply insures the transaction with mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are built 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. FHA loan programs are particularly useful to those purchasers with less available starting capital. |