is Rhode Island state certified and on the FHA Roster of approved residential appraisers.
N.A.S. Appraisal Service is qualified and approved to do appraisal reports for FHA insured financial transactions.
FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at N.A.S. Appraisal Service is well-trained on how to comply with the rules and regulations provided.
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If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. |
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An FHA loan is secured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD).
None of the funds are provided by the FHA. What the FHA does is see to it that the loan is paid for in case the borrower doesn't pay their loan.
Available to all homebuyers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember that the lending agency working with the the Federal Housing Administration is free to select which appraisers they work with, unlike the VA appraisal panel.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
The loan programs that the FHA provides are invaluable to purchasers with minimal starting income.