Need an appraisal for an FHA-backed mortgage? Call RBH Appraisal ServicesThe FHA maintains of approved appraisers for each state - RBH Appraisal Services is on the roster of approved appraisers for MS. If you have an FHA-insured loan, be sure to hire RBH Appraisal Services, as we are approved and certified to perform FHA appraisal reports. Part of the regular training our staff at RBH Appraisal Services completes deals exclusively with understanding the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. An FHA loan is backed by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lenders with protection by offering mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are created to assist low-to-moderate income buyers help meet credit requirements if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lower income or less starting money to put down on a loan are assisted the most from FHA loan programs. |