The FHA keeps a roster of approved appraisers for each state - Accurate Appraisal is on the roster of approved appraisers for Nevada.
If you have an FHA-loan, be sure to contact Accurate Appraisal, as we are approved and qualified to handle FHA reports.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If your home loan is FHA insured, that means that the loan has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD).
None of the money in the loan is provided by the FHA. What the FHA does is ensure that the loan is taken care of in case the borrower doesn't pay their loan.
Low-income and moderate-income borrowers benefit the most from FHA-backed loan programs. The point of the Federal Housing Administration is to help credit-worthy families and individuals get approved for mortgages that they otherwise would not.
Unlike the VA appraiser panel, the lender working with FHA actually has the freedom to select the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
Buyers with lesser incomes or less starting capital to use as a down-payment on a financial transaction are helped the most from Federal Housing Administration loan programs.
