The FHA keeps a list of approved appraisers for each state - Settles Appraisal Services (301-856-4149) is on the roster of approved appraisers for Maryland.
If you have an FHA-insured loan, be sure to get with Settles Appraisal Services (301-856-4149), as we are approved and qualified to handle FHA appraisals.
FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Settles Appraisal Services (301-856-4149) is well-trained on how to comply with the rules and regulations provided.
The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD); if your financial transaction is an FHA loan, it means it is backed by them.
None of the funds are provided by the FHA. What the FHA does is ensure that the loan is insured in case the borrower doesn't pay their loan.
Low-income and moderate-income consumers benefit the most from FHA-backed loan programs. The purpose of the Federal Housing Administration is to aid credit-worthy families and individuals get approved for mortgages that they otherwise would not.
Different from the VA appraiser panel, the lender working with Federal Housing Administration has the ability to select the appraiser.
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 lifesavers to buyers with minimal starting capital.
