Need an appraisal for an FHA-backed mortgage? Call M.Rich Real Estate Services, LLCThe FHA publishes a list of approved appraisers for each state - M.Rich Real Estate Services, LLC is on the roster of approved appraisers for AL. This indicates that we are certified and approved by the FHA to do appraisals for house loans underwritten by them. A portion of the regular training our staff at M.Rich Real Estate Services, LLC receives deals strictly with understanding the FHA's documentation and their rules and procedures. Be sure to contact M.Rich Real Estate Services, LLC if you need an appraisal done for an FHA-secured loan. 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 loan is an FHA-insured loan, it means it is backed by them. No part of the loan is provided by the FHA; what the FHA does is ensure that the loan is secure in case the borrower doesn't pay their loan. Applicable to all homebuyers, FHA loan programs are designed to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are extremely useful to those buyers with less accumulated starting capital. |