The FHA publishes the rolls of approved appraisers for each state - Capital Region Appraisals, LLC is on the roster of approved appraisers for Louisiana.
This indicates that we are qualified and approved by the FHA to do reports for house loans insured by them.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
An FHA loan is backed by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD).
The lending company takes care of all the loaned money - the FHA simply secures the loan by providing mortgage insurance in case the borrower defaults on his or her loan.
The FHA and their loan programs are designed to aid low-to-moderate income buyers by easing credit expectations.
Remember, the FHA differs from the VA appraiser panel in that the lending organization can pick the appraiser.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
The loan programs that the Federal Housing Administration provides are lifesavers to purchasers with minimal starting income.
