Advent Appraisals can do FHA mortgagesThe FHA retains of approved appraisers for each state - Advent Appraisals is on the roster of approved appraisers for NH. This means that we are qualified and approved by the FHA to do reports for property loans backed by them. Part of the regular training our staff at Advent Appraisals completes deals precisely with comprehending the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured 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 financial transaction is an FHA-insured loan, it means it is underwritten by them. No part of the loan is provided by the FHA; what the FHA does is ensure that the mortgage is taken care of in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to aid low-to-moderate income purchasers help meet credit requirements if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Consumers with lower income or less starting capital to use as a down-payment on a mortgage benefit the most from FHA loan programs. |