Need an appraisal for an FHA-backed mortgage? Call Treffer Appraisal Group
Treffer Appraisal Group is MD state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured mortgage, be sure to contact Treffer Appraisal Group, as we are approved and certified to handle FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
If your property loan is FHA approved, that means that the loan has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The lending company provides all the money in the loan; the FHA simply secures the transaction with mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income borrowers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and qualifications for lending agencies that they otherwise would not.
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 cash.