Need an appraisal for an FHA-backed mortgage? Call Allegheny AppraisalThe FHA retains of approved appraisers for each state - Allegheny Appraisal is on the roster of approved appraisers for WV. This means that we are certified and approved by the FHA to do reports for property loans backed by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Allegheny Appraisal if you need an appraisal done for an FHA-secured 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 backed by them. None of the funds are provided by the FHA; what the FHA does is make sure that the mortgage is taken care of in case the borrower defaults on his or her loan obligations. Accessible to all buyers, FHA loan programs are made to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lower income or less starting funds to use as a down-payment on a financial transaction are assisted the most from FHA loan programs. |