The FHA retains the rolls of approved appraisers for each state - Johnson Real Estate Appraisals is on the roster of approved appraisers for District of Columbia.
We're certified and approved to do appraisal reports for FHA insured financial transactions.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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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. |
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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-insured loan, it means it is secured by them.
No part of the loan is provided by the FHA. What the FHA does is make sure that the loan is paid for in case the borrower doesn't pay their loan.
Applicable to all homebuyers, FHA loan programs are formed to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Remember, the FHA differs from the VA appraiser panel in that the lender can select the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are incredibly beneficial to those consumers with less accumulated funding.