Moore Appraisal Services, LLC can do FHA appraisalsThe FHA keeps a roster of approved appraisers for each state - Moore Appraisal Services, LLC is on the roster of approved appraisers for AL. If you have an FHA-mortgage, be sure to contact Moore Appraisal Services, LLC, as we are approved and qualified to perform FHA reports. Part of the continuing training our staff at Moore Appraisal Services, LLC completes 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. 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 loan is an FHA-secured loan, it means it is underwritten by them. The FHA does not loan funds to borrowers, rather, it provides lending agencies with protection with mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income borrowers benefit from an FHA-backed financial transaction; the point of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and necessities for lending organizations that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA provides are extremely helpful to consumers with less starting income. |