is Virginia state certified and on the FHA Roster of approved residential appraisers.
WbNt Appraisal Services is certified and approved to do reports for FHA insured financial transactions.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at WbNt Appraisal Services is well-trained on how to follow the rules and regulations provided.
An FHA loan is insured by the Federal Housing Administration, a federal organization within 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 paid for in case the borrower defaults on his or her loan obligations.
The FHA and their loan programs are built to help low-to-moderate income homebuyers by easing credit expectations.
Remember that the lending agency approving a loan associated with the FHA is allowed to choose which appraisers they will use, 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 extremely useful to those consumers with less accessible starting capital.
