The FHA maintains a list of approved appraisers for each state - Key Realty & Appraisals is on the roster of approved appraisers for Maryland.
If you have an FHA-secured mortgage, be sure to hire Key Realty & Appraisals, as we are approved and qualified to produce FHA appraisals.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
An FHA loan is secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD).
The FHA does not loan money to borrowers. Rather, it provides lending organizations with security through mortgage insurance in case the borrower does not pay his or her financial obligations.
Applicable to all purchasers, FHA loan programs are designed to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Remember that the lending agency working with the the Federal Housing Administration is able to select the appraisal company with which they'll work, different from VA appraisal panel.
Down payments are often lower with an FHA loan despite using conventional market rates.
Purchasers with lesser incomes or less starting funds to put down on a loan are helped the most from FHA loan programs.
