Grayden Appraisal can do FHA appraisalsRest assured that Grayden Appraisal is an FHA-approved appraisal service in DE. This means that we are certified and approved by the FHA to do appraisal reports for house loans backed by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Grayden Appraisal if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-insured loan, it means it is insured by them. The FHA does not loan funds to borrowers, rather, it provides lending organizations with protection through mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are formed to aid low-to-moderate income buyers help meet credit requirements if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Those with lower income or less starting funds to put down on a loan are helped the most from FHA loan programs. |