is Tennessee state certified and on the FHA Roster of approved residential appraisers.
If you have an FHA-secured loan, be sure to contact Tennessee Home Appraisals, as we are approved and qualified to produce FHA appraisal reports.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If your home loan is FHA insured, that means that it has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD).
The lender takes care of all the money in the loan - the FHA simply backs the loan by providing mortgage insurance in case the borrower does not pay off his or her loan.
The FHA and their loan programs are formed to help low-to-moderate income purchasers by easing credit qualifications.
Different from the VA appraiser panel, the lending organization working with FHA has the ability to select the appraiser.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
Buyers with lesser incomes or less starting capital to use as a down-payment on a financial transaction are assisted the most from FHA loan programs.
