Need an appraisal for an FHA-backed mortgage? Call Spanos Appraisal ServicesThe FHA maintains of approved appraisers for each state - Spanos Appraisal Services is on the roster of approved appraisers for NH. We're certified and approved to do appraisals for FHA insured loans. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Spanos Appraisal Services is well-trained on how to work in accordance with the rules and regulations provided. Be sure to contact Spanos Appraisal Services 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 loan is an FHA loan, it means it is secured by them. None of the funds are provided by the FHA; what the FHA does is ensure that the mortgage is taken care of in case the borrower doesn't pay their loan. Low-income and moderate-income homebuyers benefit from an FHA-secured financial transaction; the purpose of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and necessities for lending organizations that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Buyers with lower income or less starting money to put down on a financial transaction benefit the most from FHA loan programs. |