Need an appraisal for an FHA-backed mortgage? Call REW Appraisals LLCREW Appraisals LLC is VA state certified and on the FHA Roster of approved residential appraisers. This means that we are qualified and approved by the FHA to do reports for home loans backed by them. Part of the regular training our staff at REW Appraisals LLC receives deals precisely with comprehending the FHA's documentation and their rules and procedures. Be sure to contact REW Appraisals LLC if you need an appraisal done for an FHA-secured 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 loan, it means it is underwritten by them. None of the money in the loan is provided by the FHA; what the FHA does is make sure that the loan is secure in case the borrower defaults on his or her loan obligations. Accessible to all purchasers, FHA loan programs are made to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. 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 lower income or less starting funds to put down on a mortgage are assisted the most from FHA loan programs. |