Rest assured that Gregory W. Easter,is an FHA-certified appraisal provider in Tennessee. Gregory W. Easter is certified and approved to do appraisal reports for FHA insured loans. A portion of the regular training our staff at Gregory W. Easter completes deals strictly with understanding the FHA's documentation and their rules and procedures.
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If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
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If your house loan is FHA insured, that means that the loan has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers. Rather, it provides lending agencies with protection through mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are designed to aid low-to-moderate income purchasers by easing credit requirements. Remember, the FHA differs from the VA appraiser panel in that the lending organization can select the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly beneficial to those purchasers with less available cash.