Record Appraisal Service is your FHA certified appraisal companyRecord Appraisal Service is VT state certified and on the FHA Roster of approved residential appraisers. We're certified and approved to do appraisal reports for FHA secured financial transactions. A certain amount of the periodic training our staff at Record Appraisal Service undergoes deals strictly with decoding 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 organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is underwritten by them. The lending organization takes care of all the money in the loan; the FHA simply backs the transaction by providing mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are designed to assist low-to-moderate income buyers help meet credit expectations 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 Federal Housing Administration offers are incredibly helpful to consumers with less starting capital. |