Huffman AppraisalThe FHA maintains of approved appraisers for each state - Huffman Appraisal is on the roster of approved appraisers for OR & WA. If you have an FHA-secured mortgage, be sure to get with Huffman Appraisal, as we are approved and certified to handle FHA appraisal reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Huffman Appraisal if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-secured loan, it means it is backed by them. The FHA does not loan funds to borrowers, rather, it provides lending agencies with safety with mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are built to aid low-to-moderate income buyers help meet credit expectations 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. The loan programs that the FHA provides are excessively helpful to consumers with less starting capital. |