Need an appraisal for an FHA-backed mortgage? Call Coastal AppraisalRest assured that Coastal Appraisal is an FHA-certified appraisal provider in VA. We are certified and approved to do reports for FHA secured financial transactions. A portion of the periodic training our staff at Coastal Appraisal receives deals strictly with comprehending the FHA's documentation and their rules and procedures. Be sure to contact Coastal Appraisal if you need an appraisal done for an FHA-secured loan. If your property loan is FHA certified, that means that the loan has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending organizations with safety through mortgage insurance in case the borrower does not pay his or her loan obligations. Accessible to all consumers, 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. The loan programs that the Federal Housing Administration offers are incredibly useful to consumers with less starting income. |