Need an appraisal for an FHA-backed mortgage? Call Tri County Real EstateThe FHA keeps a roster of approved appraisers for each state - Tri County Real Estate is on the roster of approved appraisers for VA. This indicates that we are qualified and approved by the FHA to do appraisal reports for property loans insured by them. A certain amount of the continuing training our staff at Tri County Real Estate receives deals strictly with understanding the FHA's documentation and their rules and procedures. Be sure to contact Tri County Real Estate 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-secured loan, it means it is underwritten by them. The FHA does not loan capital to borrowers, rather, it provides lending agencies with security with mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are designed to help low-to-moderate income buyers help meet credit qualifications if they otherwise would not. 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 extremely beneficial to those consumers with less accumulated starting capital. |