is Vermont state certified and on the FHA Roster of approved residential appraisers.
We're qualified and approved to do appraisal reports for FHA insured financial transactions.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Leslie Shaw is well-trained on how to follow the rules and regulations provided.
 |
 |
 |
If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
|
|
An FHA loan is insured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD).
The FHA does not loan capital to borrowers. Rather, it provides lending organizations with security by offering mortgage insurance in case the borrower defaults on his or her financial obligations.
Low-income and moderate-income homebuyers benefit the most from FHA-insured loan programs. The point of the Federal Housing Administration is to help credit-worthy buyers get approved for mortgages that they otherwise would not.
Remember that the lending organization approving a loan backed by the FHA is permitted to select their appraisers, 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 helpful to those purchasers with less available starting capital.