is Tennessee state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured loan, be sure to contact Nashville Home Appraiser, as we are approved and certified to handle FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Nashville Home Appraiser is well-trained on how to work in accordance with the rules and regulations provided.
The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD); if your loan is an FHA loan, it means it is secured by them. The FHA does not loan capital to borrowers. Rather, it provides lending agencies with security through mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income homebuyers benefit the most from FHA-backed loan programs. The point of the Federal Housing Administration is to help credit-worthy families and individuals get approved for mortgages that they otherwise would not. Remember, the FHA is different from the VA appraiser panel in that the lender can select the appraisal company.
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 incredibly beneficial to those consumers with less available starting capital.
