Perkins Appraisal can do FHA workThe FHA publishes a list of approved appraisers for each state - Perkins Appraisal is on the roster of approved appraisers for OR. We are certified and approved to do appraisals for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Perkins Appraisal is well-trained on how to work in accordance with the rules and regulations provided. 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. An FHA loan is underwritten by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lending organizations with protection with mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to assist credit-worthy potential buyers to meet expectations and necessities for lenders 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 particularly useful to those consumers with less accumulated cash. |