Need an appraisal for an FHA-backed mortgage? Call Tim PritchardTim Pritchard is TN state certified and on the FHA Roster of approved residential appraisers. This indicates that we are certified and approved by the FHA to do appraisals for property loans backed by them. A portion of the periodic training our staff at Tim Pritchard undergoes deals exclusively with comprehending the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured 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 financial transaction is an FHA-insured loan, it means it is insured by them. The lending organization provides all the finances; 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 buyers help meet credit qualifications 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. FHA loan programs are incredibly beneficial to those consumers with less available funding. |