Chattanooga Real Estate is ready for your FHA appraisalsWe are happy to say that Chattanooga Real Estate is an FHA-certified appraisal firm in TN. This means that we are qualified and approved by the FHA to do reports for home loans insured by them. A certain amount of the ongoing training our staff at Chattanooga Real Estate receives deals precisely with understanding the FHA's documentation and their rules and procedures. Be sure to contact Chattanooga Real Estate if you need an appraisal done for an FHA-secured loan. An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The lending company provides all the finances; the FHA simply secures the transaction through mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are formed to benefit low-to-moderate income homebuyers 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. FHA loan programs are incredibly useful to those consumers with less accessible starting capital. |