Need an appraisal for an FHA-backed mortgage? Call Appraisal Associates of CTAppraisal Associates of CT is CT state certified and on the FHA Roster of approved residential appraisers. Appraisal Associates of CT is qualified and approved to do reports for FHA secured loans. A certain amount of the ongoing training our staff at Appraisal Associates of CT receives deals strictly with comprehending the FHA's documentation and their rules and procedures. Be sure to contact Appraisal Associates of CT if you need an appraisal done for an FHA-secured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The lending company takes care of all the loaned money; the FHA simply insures the loan through mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are created to aid low-to-moderate income purchasers help meet credit requirements if they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Those with lower income or less starting funds to put down on a loan are helped the most from Federal Housing Administration loan programs. |