Need an appraisal for an FHA-backed mortgage? Call The Eby GroupThe FHA retains of approved appraisers for each state - The Eby Group is on the roster of approved appraisers for TN. We are certified and approved to do appraisal reports for FHA insured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Contact us today if you need to get an appraisal done on an FHA-insured loan. 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 underwritten by them. The lender takes care of all the loaned money; the FHA simply backs the loan by providing mortgage insurance in case the borrower defaults on his or her loan. Applicable to all buyers, FHA loan programs are designed to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lesser income or less starting funds to put down on a mortgage benefit the most from Federal Housing Administration loan programs. |