Need an appraisal for an FHA-backed mortgage? Call Dante Negroni AppraisalsWe confidently state that Dante Negroni Appraisals is an FHA-approved appraisal company in Pennsylvania. We're qualified and approved to do appraisal reports for FHA secured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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-secured loan, it means it is insured by them. The FHA does not loan funds to borrowers. Rather, it provides lending organizations with safety through mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income borrowers benefit the most from FHA-backed loan programs. The purpose of the Federal Housing Administration is to help credit-worthy families and individuals get approved for mortgages that they otherwise would not. Unlike the VA appraiser panel, the lender working with FHA has the ability to select the appraiser. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA offers are invaluable to purchasers with minimal starting income. |
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