Need an appraisal for an FHA-backed mortgage? Call Residential Appraisal Service, LLCResidential Appraisal Service, LLC is MD state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured loan, be sure to contact Residential Appraisal Service, LLC, as we are approved and qualified to produce FHA appraisals. Part of the continuing training our staff at Residential Appraisal Service, LLC completes deals strictly with comprehending the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. If your home loan is FHA certified, that means that it has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The lending company takes care of all the money in the loan; the FHA simply backs the loan through mortgage insurance in case the borrower defaults on his or her loan. Available to all purchasers, FHA loan programs are made to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly useful to those consumers with less accessible cash. |