Elite Real Estate Appraisals, LLC can do FHA loansElite Real Estate Appraisals, LLC is MD state certified and on the FHA Roster of approved residential appraisers. This means that we are qualified and approved by the FHA to do reports for home loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you need an report for an FHA loan, please contact us, and we'll be able to help you right away. 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-secured loan, it means it is secured by them. The FHA does not loan capital to borrowers, rather, it provides lenders with protection through mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are created to benefit low-to-moderate income homebuyers help meet credit requirements if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly useful to those purchasers with less accessible starting capital. |