Need an appraisal for an FHA-backed mortgage? Call Nordquist Appraisal LLCThe FHA keeps a roster of approved appraisers for each state - Nordquist Appraisal LLC is on the roster of approved appraisers for PA. This means that we are qualified and approved by the FHA to do reports for house loans underwritten by them. Part of the ongoing training our staff at Nordquist Appraisal LLC undergoes deals exclusively with understanding the FHA's documentation and their rules and procedures. Be sure to contact Nordquist Appraisal LLC 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-secured loan, it means it is backed by them. No part of the loan is provided by the FHA; what the FHA does is ensure that the mortgage is paid for in case the borrower doesn't pay their loan. Low-income and moderate-income homebuyers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and requirements for lending agencies that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lesser income or less starting capital to put down on a financial transaction benefit the most from Federal Housing Administration loan programs. |
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