Need an appraisal for an FHA-backed mortgage? Call Elite Appraisal ServiceElite Appraisal Service is UT state certified and on the FHA Roster of approved residential appraisers. Elite Appraisal Service is qualified and approved to do appraisals for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Elite Appraisal Service is well-trained on how to comply with the rules and regulations provided. Be sure to contact Elite Appraisal Service if you need an appraisal done for an FHA-secured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is make sure that the loan is insured in case the borrower doesn't pay their loan. Low-income and moderate-income consumers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and necessities for lending organizations that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA provides are exceedingly useful to purchasers with less starting capital. |