We assure you that Accupraise Real Estate Appraisal Group is an FHA-certified appraisal firm in New Hampshire.
We are certified and approved to do appraisal reports for FHA insured loans.
A certain amount of the ongoing training our staff at Accupraise Real Estate Appraisal Group receives deals exclusively with decoding the FHA's documentation and their rules and procedures.
If your loan is FHA approved, that means that the loan has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD).
None of the money in the loan is provided by the FHA. What the FHA does is see to it that the mortgage is secure in case the borrower doesn't pay their loan.
Low-income and moderate-income consumers benefit the most from FHA-insured loan programs. The point of the Federal Housing Administration is to assist credit-worthy families and individuals get approved for mortgages that they otherwise would not.
Remember that the lending agency working with the the FHA is free to choose the appraisal company with which they'll work, unlike the VA appraisal panel.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
Consumers with lower incomes or less starting money to use as a down-payment on a loan are assisted the most from FHA loan programs.
