WHITE APPRAISAL SERVICEWe assure you that WHITE APPRAISAL SERVICE is an FHA-approved appraisal practice in Massachusetts. We're certified and approved to do appraisals for FHA insured loans. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at WHITE APPRAISAL SERVICE is well-trained on how to comply with the rules and regulations provided.
If your property loan is FHA insured, that means that it has been secured by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA. What the FHA does is ensure that the mortgage is secure in case the borrower doesn't pay their loan. Accessible to all consumers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Unlike the VA appraiser panel, the lender working with Federal Housing Administration is allowed to pick the appraiser.Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are extremely useful to those homebuyers with less available starting capital.