Advanced Appraisal Services is approved for FHA backed loansWe confidently state that Advanced Appraisal Services is an FHA-approved appraisal firm in AL. If you have an FHA-secured mortgage, be sure to hire Advanced Appraisal Services, 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. Be sure to contact Advanced Appraisal Services if you need an appraisal done for an FHA-secured loan. An FHA loan is insured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is make sure that the loan is paid for in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are formed to benefit low-to-moderate income purchasers help meet credit qualifications if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lesser income or less starting funds to put down on a mortgage are helped the most from Federal Housing Administration loan programs. |