Need an appraisal for an FHA-backed mortgage? Call Residential Appraisal Service, LLCThe FHA maintains of approved appraisers for each state - Residential Appraisal Service, LLC is on the roster of approved appraisers for MD. If you have an FHA-mortgage, be sure to get with Residential Appraisal Service, LLC, as we are approved and certified to perform FHA reports. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Residential Appraisal Service, LLC is well-trained on how to follow the rules and regulations provided. Be sure to contact Residential Appraisal Service, LLC if you need an appraisal done for an FHA-secured loan. An FHA loan is insured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is ensure that the loan is insured in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured financial transaction; the point of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and qualifications for lenders that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration provides are incredibly helpful to consumers with less starting capital. |