The FHA publishes a roster of approved appraisers for each state - Associated Appraisers, Inc (410) 487-1390 is on the roster of approved appraisers for Maryland. This means that we are qualified and approved by the FHA to do appraisal reports for home loans insured by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Associated Appraisers, Inc (410) 487-1390 is well-trained on how to work in accordance with the rules and regulations provided.
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 insured by them. The FHA does not provide funds to borrowers. Rather, it provides lending organizations with security through mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are built to aid low-to-moderate income buyers by easing credit requirements. Remember, the FHA is different from the VA appraiser panel in that the lending agency can pick the appraisal company.
Down payments are often lower with an FHA loan despite using conventional market rates. Buyers with lower incomes or less starting funds to use as a down-payment on a loan are assisted the most from FHA loan programs.
