The FHA maintains the rolls of approved appraisers for each state - Amerigroup Appraisals is on the roster of approved appraisers for Kentucky.
If you have an FHA-insured mortgage, be sure to call Amerigroup Appraisals, as we are approved and certified to perform FHA appraisal reports.
FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Amerigroup Appraisals is well-trained on how to comply with the rules and regulations provided.
||If you need an appraisal 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 organization in the United States Department of Housing and Urban Development (HUD); if your financial transaction is an FHA-insured loan, it means it is secured by them.
The FHA does not loan capital to borrowers. Rather, it provides lending agencies with security by offering mortgage insurance in case the borrower does not pay his or her financial obligations.
Low-income and moderate-income homebuyers benefit the most from FHA-secured loan programs. The purpose of the Federal Housing Administration is to aid credit-worthy potential buyers get approved for mortgages that they otherwise would not.
Different from the VA appraiser panel, the lender working with Federal Housing Administration has the freedom to choose the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
The loan programs that the FHA provides are invaluable to buyers with less starting capital.