is Tennessee state certified and on the FHA Roster of approved residential appraisers.
If you have an FHA-loan, be sure to get with Heritage Appraisal Company, as we are approved and certified to produce FHA appraisal reports.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
An FHA loan is insured 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 money to borrowers. Rather, it provides lenders with protection with mortgage insurance in case the borrower does not pay his or her financial obligations.
The FHA and their loan programs are created to aid low-to-moderate income homebuyers by easing credit expectations.
Remember that the lender approving a loan backed by the Federal Housing Administration is authorized to choose the appraisal company with which they'll work, different from VA appraisal panel.
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 invaluable to purchasers with minimal starting income.
