Need an appraisal for an FHA-backed mortgage? Call Meek Appraisal ServicesRest assured that Meek Appraisal Services is an FHA-approved appraisal practice in VA. We're qualified and approved to do appraisal reports for FHA insured financial transactions. A certain amount of the periodic training our staff at Meek Appraisal Services completes deals precisely with decoding the FHA's documentation and their rules and procedures. Be sure to contact Meek Appraisal Services if you need an appraisal done for an FHA-secured 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 financial transaction is an FHA-insured loan, it means it is backed by them. The lending organization takes care of all the finances; the FHA simply insures the loan through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and qualifications for lending agencies that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly helpful to those purchasers with less accumulated cash. |