A. M. AppraisalsRest assured that A. M. Appraisals is an FHA-certified appraisal firm in SC. This indicates that we are qualified and approved by the FHA to do appraisals for house loans underwritten by them. A certain amount of the continuing training our staff at A. M. Appraisals undergoes deals precisely with decoding the FHA's documentation and their rules and procedures. If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away. 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-secured loan, it means it is underwritten by them. The FHA does not provide funds to borrowers, rather, it provides lenders with safety by offering mortgage insurance in case the borrower defaults on his or her loan obligations. Accessible to all homebuyers, FHA loan programs are formed to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lower income or less starting capital to put down on a financial transaction are helped the most from Federal Housing Administration loan programs. |