Need an appraisal for an FHA-backed mortgage? Call North Alabama AppraisalsThe FHA maintains of approved appraisers for each state - North Alabama Appraisals is on the roster of approved appraisers for AL. If you have an FHA-loan, be sure to hire North Alabama Appraisals, as we are approved and certified to handle FHA reports. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at North Alabama Appraisals is well-trained on how to work in accordance with the rules and regulations provided. If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. 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 FHA does not provide funds to borrowers, rather, it provides lenders with security by offering mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are formed to aid low-to-moderate income consumers help meet credit requirements if 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. The loan programs that the FHA offers are exceedingly useful to consumers with less starting income. |