Need an appraisal for an FHA-backed mortgage? Call South Shore Realty Advisors, Inc
South Shore Realty Advisors, Inc is MA state certified and on the FHA Roster of approved residential appraisers. South Shore Realty Advisors, Inc is certified and approved to do appraisals for FHA secured financial transactions. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at South Shore Realty Advisors, Inc is well-trained on how to work in accordance with the rules and regulations provided.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is insured by them. The FHA does not loan money to borrowers, rather, it provides lenders with safety by offering mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are formed to help low-to-moderate income consumers help meet credit expectations if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lower income or less starting capital to use as a down-payment on a mortgage are assisted the most from Federal Housing Administration loan programs.