The FHA keeps a roster of approved appraisers for each state - Darin A Blatner is on the roster of approved appraisers for Virginia.
This indicates that we are qualified and approved by the FHA to do appraisal reports for home loans backed by them.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Darin A Blatner is well-trained on how to follow 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 loan is an FHA-insured loan, it means it is insured by them.
None of the funds are provided by the FHA. What the FHA does is make sure that the mortgage is secure in case the borrower doesn't pay their loan.
The FHA and their loan programs are formed to aid low-to-moderate income purchasers by easing credit qualifications.
Remember that the lending agency working with the the FHA is permitted to select which appraisers they will use, unlike the VA appraisal panel.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
FHA loan programs are incredibly helpful to those purchasers with less accessible starting capital.
