Need an appraisal for an FHA-backed mortgage? Call LMV AppraisalsThe FHA maintains of approved appraisers for each state - LMV Appraisals is on the roster of approved appraisers for KY. We're certified and approved to do appraisal reports for FHA secured loans. A portion of the periodic training our staff at LMV Appraisals completes deals strictly with decoding the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured 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 secured by them. None of the money in the loan is provided by the FHA; what the FHA does is make sure that the loan is paid for 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 buyers help meet credit qualifications if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lower income or less starting money to use as a down-payment on a mortgage are helped the most from FHA loan programs. |