Susan Scotto Allison is approved for FHA backed loansThe FHA retains of approved appraisers for each state - Susan Scotto Allison is on the roster of approved appraisers for AZ. We're qualified and approved to do appraisal reports for FHA secured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Susan Scotto Allison if you need an appraisal done for an FHA-secured loan. 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 loan is an FHA-secured loan, it means it is insured by them. The lending company provides all the money in the loan; the FHA simply secures the loan through mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-backed financial transaction; the purpose of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and necessities for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Buyers with lower income or less starting capital to use as a down-payment on a financial transaction are helped the most from FHA loan programs. |