We confidently state that D & M Appraisals is an FHA-certified appraisal firm in Pennsylvania.
We're qualified and approved to do appraisal reports for FHA secured loans.
A certain amount of the regular training our staff at D & M Appraisals receives deals precisely with comprehending the FHA's documentation and their rules and procedures.
An FHA loan is backed by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD).
The FHA does not provide funds to borrowers. Rather, it provides lenders with security through mortgage insurance in case the borrower does not pay his or her financial obligations.
Available to all purchasers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Different from the VA appraiser panel, the lending organization working with FHA actually has the freedom to pick 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.
Those with lesser incomes or less starting funds to put down on a financial transaction benefit the most from FHA loan programs.
