Need an appraisal for an FHA-backed mortgage? Call Six, McClain & Associates, Inc.Six, McClain & Associates, Inc. is Maryland state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured loan, be sure to contact Six, McClain & Associates, Inc. , as we are approved and qualified to perform FHA appraisal reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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 loan, it means it is insured by them. None of the money in the loan is provided by the FHA. What the FHA does is ensure that the loan is paid for in case the borrower doesn't pay their loan. The FHA and their loan programs are built to aid low-to-moderate income buyers by easing credit qualifications. Remember, the FHA differs from the VA appraiser panel in that the lending organization can choose the appraiser. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration provides are invaluable to purchasers with less starting capital. |
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