Need an appraisal for an FHA-backed mortgage? Call Central Alabama AppraisalWe are happy to say that Central Alabama Appraisal is an FHA-certified appraisal practice in AL. If you have an FHA-insured loan, be sure to get with Central Alabama Appraisal, as we are approved and qualified to handle FHA appraisal reports. A certain amount of the regular training our staff at Central Alabama Appraisal receives deals precisely with decoding the FHA's documentation and their rules and procedures. If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. 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 financial transaction is an FHA loan, it means it is insured by them. None of the money in the loan is provided by the FHA; what the FHA does is make sure that the mortgage is taken care of in case the borrower doesn't pay their loan. Accessible to all buyers, FHA loan programs are formed to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lesser income or less starting capital to use as a down-payment on a financial transaction are assisted the most from Federal Housing Administration loan programs. |