Need an appraisal for an FHA-backed mortgage? Call Smith & Company Realtors

The FHA maintains of approved appraisers for each state - Smith & Company Realtors is on the roster of approved appraisers for VA. This means that we are qualified and approved by the FHA to do appraisals for home loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

If your house loan is FHA approved, that means that the loan has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is make sure that the mortgage is taken care of in case the borrower doesn't pay their loan. Available to all consumers, FHA loan programs are made to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are extremely useful to those consumers with less accessible funding.