We confidently state that Appraisal Associates of North Georgia is an FHA-approved appraisal service in Georgia.
Appraisal Associates of North Georgia is certified and approved to do appraisals for FHA secured loans.
FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Appraisal Associates of North Georgia is well-trained on how to work in accordance with the rules and regulations provided.
||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.
If your loan is FHA certified, that means that the loan has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD).
The lender provides all the financing - the FHA simply insures the transaction by providing mortgage insurance in case the borrower defaults on his or her loan.
The FHA and their loan programs are formed to help low-to-moderate income purchasers by easing credit expectations.
Remember, the FHA is different from the VA appraiser panel in that the lender can pick the appraisal company.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
FHA loan programs are incredibly useful to those consumers with less accessible cash.