Need an appraisal for an FHA-backed mortgage? Call Legler, Scott and Associates AppraisalThe FHA keeps a roster of approved appraisers for each state - Legler, Scott and Associates Appraisal is on the roster of approved appraisers for VA. This means that we are qualified and approved by the FHA to do appraisals for house loans insured by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Legler, Scott and Associates Appraisal is well-trained on how to comply with the rules and regulations provided. If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. 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 loan is an FHA-secured loan, it means it is underwritten by them. The FHA does not loan capital to borrowers, rather, it provides lenders with safety by offering mortgage insurance in case the borrower defaults on his or her loan obligations. Accessible to all buyers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lower income or less starting funds to put down on a mortgage are assisted the most from Federal Housing Administration loan programs. |