Rest assured that Ashley Real Estate is an FHA-approved appraisal service in Mississippi.
If you have an FHA-secured mortgage, be sure to contact Ashley Real Estate, as we are approved and certified to produce FHA appraisals.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
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An FHA loan is insured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD).
The FHA does not loan funds to borrowers. Rather, it provides lending agencies with safety with mortgage insurance in case the borrower defaults on his or her loan obligations.
Available to all purchasers, FHA loan programs are designed to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember that the lending organization working with the the FHA is able to pick their appraisers, unlike the VA appraisal panel.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are extremely beneficial to those buyers with less accessible cash.