Need an appraisal for an FHA-backed mortgage? Call BK Appraisal ServicesThe FHA maintains of approved appraisers for each state - BK Appraisal Services is on the roster of approved appraisers for VA. If you have an FHA-mortgage, be sure to contact BK Appraisal Services, as we are approved and certified to handle FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact BK Appraisal Services if you need an appraisal done for an FHA-secured loan. An FHA loan is secured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lending company provides all the loaned money; the FHA simply insures the loan with mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are designed to assist low-to-moderate income purchasers help meet credit requirements if 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. Consumers with lesser income or less starting money to use as a down-payment on a mortgage are assisted the most from Federal Housing Administration loan programs. |