The FHA retains a list of approved appraisers for each state - Capuano Appraisal Services, LLC is on the roster of approved appraisers for Virginia.
We are certified and approved to do reports for FHA secured loans.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. |
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The FHA is the Federal Housing Administration, which is a federal organization 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 company takes care of all the funds being borrowed - the FHA simply insures the loan by providing mortgage insurance in case the borrower defaults on his or her loan.
The FHA and their loan programs are built to aid low-to-moderate income consumers by easing credit requirements.
Remember that the lending agency working with the the Federal Housing Administration is authorized to select which appraisers they work with, different from VA appraisal panel.
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 particularly useful to those homebuyers with less accessible cash.
