Need an appraisal for an FHA-backed mortgage? Call Nordquist Appraisal LLC

The FHA retains of approved appraisers for each state - Nordquist Appraisal LLC is on the roster of approved appraisers for PA. This indicates that we are qualified and approved by the FHA to do appraisal reports for home loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Nordquist Appraisal LLC is well-trained on how to work in accordance with the rules and regulations provided.

Contact us today if you need to get an appraisal done on an FHA-insured loan.

An FHA loan is backed by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending organizations with protection with mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are built to aid low-to-moderate income buyers help meet credit requirements 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. Consumers with lesser income or less starting funds to use as a down-payment on a financial transaction benefit the most from FHA loan programs.

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