Need an appraisal for an FHA-backed mortgage? Call West Tennessee AppraisalThe FHA maintains of approved appraisers for each state - West Tennessee Appraisal is on the roster of approved appraisers for TN. If you have an FHA-loan, be sure to hire West Tennessee 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 West Tennessee Appraisal if you need an appraisal done for an FHA-secured loan. An FHA loan is secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The lender takes care of all the loaned money; the FHA simply insures the loan by providing mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income consumers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and qualifications for lending agencies that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lesser income or less starting capital to put down on a financial transaction benefit the most from FHA loan programs. |