Need an appraisal for an FHA-backed mortgage? Call National Home Appraisal CorporationRest assured that National Home Appraisal Corporation is an FHA-approved appraisal firm in MA. This means that we are qualified and approved by the FHA to do appraisals for home loans underwritten by them. A certain amount of the periodic training our staff at National Home Appraisal Corporation completes deals precisely with comprehending the FHA's documentation and their rules and procedures. Be sure to contact National Home Appraisal Corporation if you need an appraisal done for an FHA-secured loan. 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 financial transaction is an FHA-secured loan, it means it is secured by them. The FHA does not provide funds to borrowers, rather, it provides lenders with safety with mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and necessities for lending agencies that they otherwise would not. 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 provides are extremely helpful to buyers with less starting income. |