Need an appraisal for an FHA-backed mortgage? Call McBride Appraisal ServicesMcBride Appraisal Services is UT state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured mortgage, be sure to get with McBride Appraisal Services, as we are approved and certified to produce FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. 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 backed by them. The FHA does not loan capital to borrowers, rather, it provides lending organizations with safety through mortgage insurance 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 expectations if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lesser income or less starting funds to use as a down-payment on a mortgage are helped the most from Federal Housing Administration loan programs. |