We are happy to say that Southern Home Appraisal Group, LLC is an FHA-certified appraisal firm in Georgia.
This means that we are certified and approved by the FHA to do appraisals for property loans backed by them.
Part of the ongoing training our staff at Southern Home Appraisal Group, LLC receives deals precisely with decoding the FHA's documentation and their rules and procedures.
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If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. |
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An FHA loan is backed by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD).
The lending company takes care of all the money in the loan - the FHA simply backs the transaction by providing mortgage insurance in case the borrower defaults on his or her loan.
Low-income and moderate-income borrowers benefit the most from FHA-secured loan programs. The purpose of the Federal Housing Administration is to aid credit-worthy consumers get approved for mortgages that they otherwise would not.
Remember, the FHA deviates from the VA appraiser panel in that the lender can choose the appraisal company.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are incredibly useful to those consumers with less accumulated starting capital.