We confidently state that 1 Tree Real Estate Appraisal Service is an FHA-certified appraisal practice in Tennessee.
If you have an FHA-secured loan, be sure to get with 1 Tree Real Estate Appraisal Service, as we are approved and qualified to perform FHA appraisals.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
||If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.
If your home loan is FHA approved, that means that the loan has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD).
The FHA does not loan money to borrowers. Rather, it provides lending agencies with protection with mortgage insurance in case the borrower does not pay his or her financial obligations.
Available to all homebuyers, FHA loan programs are built to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember, the FHA deviates from the VA appraiser panel in that the lending organization can pick the appraiser.
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 particularly beneficial to those homebuyers with less available funding.