FMA Appraisals LLCRest assured that FMA Appraisals LLC is an FHA-certified appraisal practice in AL. This means that we are certified and approved by the FHA to do reports for house loans underwritten by them. A certain amount of the periodic training our staff at FMA Appraisals LLC undergoes deals exclusively with understanding the FHA's documentation and their rules and procedures. Be sure to contact FMA Appraisals LLC if you need an appraisal done for an FHA-secured loan. If your loan is FHA certified, that means that the loan has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is ensure that the loan is insured in case the borrower doesn't pay their loan. Accessible to all buyers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the Federal Housing Administration offers are exceedingly useful to consumers with less starting capital. |