Need an appraisal for an FHA-backed mortgage? Call Brumbley Appraisals ServicesThe FHA keeps a roster of approved appraisers for each state - Brumbley Appraisals Services is on the roster of approved appraisers for MD. This indicates that we are qualified and approved by the FHA to do appraisal reports for home loans insured by them. Part of the periodic training our staff at Brumbley Appraisals Services undergoes deals strictly with understanding the FHA's documentation and their rules and procedures. If you need an report for an FHA loan, please contact us, and we'll be able to help you right away. If your loan is FHA insured, that means that the loan has been guaranteed by the FHA, which is underneath 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 loan is secure in case the borrower doesn't pay their loan. The FHA and their loan programs are built to assist low-to-moderate income purchasers help meet credit requirements if 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. Consumers with lesser income or less starting money to put down on a loan are assisted the most from Federal Housing Administration loan programs. |