Need an appraisal for an FHA-backed mortgage? Call M. A. V. Appraisal ServicesM. A. V. Appraisal Services is VT state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured loan, be sure to get with M. A. V. Appraisal Services, as we are approved and qualified to perform FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at M. A. V. Appraisal Services is well-trained on how to work in accordance with the rules and regulations provided. If you need an appraisal 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 organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is insured by them. The FHA does not loan funds to borrowers, rather, it provides lenders with security with mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-backed financial transaction; the purpose of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and requirements for lending agencies that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Those with lower income or less starting money to put down on a financial transaction are helped the most from FHA loan programs. |