Rest assured that Rosenblatt's Appraisal Service is an FHA-certified appraisal company in Maryland.
This indicates that we are qualified and approved by the FHA to do appraisals for house loans backed by them.
Part of the ongoing training our staff at Rosenblatt's Appraisal Service completes deals exclusively with comprehending the FHA's documentation and their rules and procedures.
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 agencies with safety with mortgage insurance in case the borrower does not pay his or her loan obligations.
The FHA and their loan programs are formed to help low-to-moderate income consumers by easing credit expectations.
Remember, the FHA differs from the VA appraiser panel in that the lending organization can select the appraisal company.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are incredibly helpful to those consumers with less available cash.