The FHA retains a roster of approved appraisers for each state - Craig Gehm Appraisals is on the roster of approved appraisers for Pennsylvania.
This indicates that we are certified and approved by the FHA to do reports for house loans underwritten by them.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
||If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.
If your financial transaction is FHA insured, that means that it has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD).
The lending company provides all the loaned money - the FHA simply secures the loan through mortgage insurance in case the borrower does not pay off his or her loan.
Accessible to all buyers, FHA loan programs are designed to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Unlike the VA appraiser panel, the lending organization working with Federal Housing Administration has the freedom to select the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
The loan programs that the Federal Housing Administration provides are extremely helpful to buyers with minimal starting capital.