is Virginia state certified and on the FHA Roster of approved residential appraisers.
We're certified and approved to do reports for FHA insured financial transactions.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Brennan Appraisal Services is well-trained on how to follow the rules and regulations provided.
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If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
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An FHA loan is secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD).
The FHA does not provide funds to borrowers. Rather, it provides lenders with security by offering mortgage insurance in case the borrower defaults on his or her loan obligations.
The FHA and their loan programs are designed to help low-to-moderate income consumers by easing credit expectations.
Remember, the FHA is different from the VA appraiser panel in that the lending organization can choose the appraisal company.
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 cash.