Race Appraisal Services, LLC is approved for FHA mortgagesRace Appraisal Services, LLC is MA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured loan, be sure to hire Race Appraisal Services, LLC, as we are approved and qualified to perform FHA appraisal reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Race Appraisal Services, LLC if you need an appraisal done for an FHA-secured loan. If your property loan is FHA approved, that means that the loan has been guaranteed by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). None of the funds are 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. Low-income and moderate-income borrowers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to help credit-worthy buyers to meet expectations and necessities for lenders that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Those with lesser income or less starting money to put down on a mortgage benefit the most from FHA loan programs. |