Brown Appraisal ServiceBrown Appraisal Service is LA state certified and on the FHA Roster of approved residential appraisers. This means that we are qualified and approved by the FHA to do reports for property loans underwritten by them. A portion of the ongoing training our staff at Brown Appraisal Service receives deals strictly with comprehending the FHA's documentation and their rules and procedures. If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. If your financial transaction is FHA certified, that means that it has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is ensure that the mortgage is taken care of in case the borrower defaults on his or her loan obligations. Available to all buyers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration provides are excessively helpful to buyers with less starting income. |