Need an appraisal for an FHA-backed mortgage? Call Central Alabama AppraisalRest assured that Central Alabama Appraisal is an FHA-certified appraisal company in AL. If you have an FHA-secured loan, be sure to hire Central Alabama Appraisal, as we are approved and certified to produce FHA reports. Part of the periodic training our staff at Central Alabama Appraisal undergoes deals precisely with understanding the FHA's documentation and their rules and procedures. Be sure to contact Central Alabama Appraisal if you need an appraisal done for an FHA-secured loan. If your home loan is FHA certified, that means that it has been secured by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). The lender takes care of all the finances; the FHA simply secures the loan by providing mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income consumers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and qualifications for lenders that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration offers are excessively beneficial to buyers with less starting income. |