Need an appraisal for an FHA-backed mortgage? Call A. G. Appraisal ServicesThe FHA keeps a roster of approved appraisers for each state - A. G. Appraisal Services is on the roster of approved appraisers for IA. This means that we are certified and approved by the FHA to do reports for home loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact A. G. Appraisal Services if you need an appraisal done for an FHA-secured loan. If your loan is FHA insured, that means that it has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lending agencies with safety through mortgage insurance in case the borrower defaults on his or her loan obligations. Available to all purchasers, FHA loan programs are created to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Buyers with lower income or less starting money to put down on a mortgage are helped the most from Federal Housing Administration loan programs. |