The FHA publishes a list of approved appraisers for each state - Pendley & Pendley Appraisers is on the roster of approved appraisers for Georgia.
If you have an FHA-loan, be sure to call Pendley & Pendley Appraisers, as we are approved and qualified to produce FHA appraisal reports.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If your financial transaction is FHA approved, that means that the loan has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD).
The FHA does not loan capital to borrowers. Rather, it provides lending agencies with safety through 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 point of the Federal Housing Administration is to assist credit-worthy families and individuals get approved for mortgages that they otherwise would not.
Remember, the FHA deviates from the VA appraiser panel in that the lending agency can select the appraisal company.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
FHA loan programs are incredibly useful to those purchasers with less accumulated starting capital.
