Image Appraisals is your FHA certified appraisal companyThe FHA retains of approved appraisers for each state - Image Appraisals is on the roster of approved appraisers for NH. If you have an FHA-secured loan, be sure to call Image Appraisals, as we are approved and qualified to handle 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 report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is backed by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). 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. Low-income and moderate-income homebuyers benefit from an FHA-secured financial transaction; the purpose of the Federal Housing Administration is to help credit-worthy buyers to meet expectations and necessities for lenders that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Buyers with lesser income or less starting funds to put down on a mortgage are assisted the most from Federal Housing Administration loan programs. |