MVP APPRAISALS, INC is approved for FHA backed loansThe FHA keeps a roster of approved appraisers for each state - MVP APPRAISALS, INC is on the roster of approved appraisers for MO. We are certified and approved to do reports for FHA secured loans. A portion of the regular training our staff at MVP APPRAISALS, INC receives deals strictly with comprehending 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 secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is make sure that the loan is taken care of in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are formed to help low-to-moderate income buyers help meet credit qualifications if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lesser income or less starting capital to use as a down-payment on a financial transaction benefit the most from Federal Housing Administration loan programs. |