Need an appraisal for an FHA-backed mortgage? Call Redden Real Estate Appraisals, LLCThe FHA keeps a roster of approved appraisers for each state - Redden Real Estate Appraisals, LLC is on the roster of approved appraisers for PA. Redden Real Estate Appraisals, LLC is certified and approved to do appraisal reports for FHA insured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Contact us today if you need to get an appraisal done on an FHA-insured loan. An FHA loan is secured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lending organizations with safety with mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income consumers benefit from an FHA-backed financial transaction; the point of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and requirements for lending agencies that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly beneficial to those homebuyers with less available starting capital. |