is Virginia state certified and on the FHA Roster of approved residential appraisers.
We're certified and approved to do reports for FHA insured financial transactions.
A portion of the periodic training our staff at Perry Appraisal, LLC receives deals precisely with decoding the FHA's documentation and their rules and procedures.
If your property loan is FHA approved, that means that the loan has been secured by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD).
The lender takes care of all the money in the loan - the FHA simply secures the loan by providing mortgage insurance in case the borrower defaults on his or her loan.
Applicable to all homebuyers, FHA loan programs are built to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Unlike the VA appraiser panel, the lending organization working with Federal Housing Administration is allowed to choose the appraiser.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
FHA loan programs are incredibly helpful to those consumers with less accessible funding.
