Need an appraisal for an FHA-backed mortgage? Call Hill Appraisal Associates, LLC
The FHA publishes a list of approved appraisers for each state - Hill Appraisal Associates, LLC is on the roster of approved appraisers for Pennsylvania. Hill Appraisal Associates, LLC is certified and approved to do appraisals for FHA insured loans. A certain amount of the ongoing training our staff at Hill Appraisal Associates, LLC undergoes 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.
If your loan is FHA certified, that means that it has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The lending company takes care of all the finances; the FHA simply secures the loan with mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income consumers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and necessities for lenders that they otherwise would not.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Purchasers with lesser income or less starting funds to put down on a mortgage benefit the most from FHA loan programs.