Need an appraisal for an FHA-backed mortgage? Call AMC Appraisal Co., IncWe assure you that AMC Appraisal Co., Inc is an FHA-approved appraisal firm in RI. This indicates that we are certified and approved by the FHA to do reports for home loans backed by them. A portion of the continuing training our staff at AMC Appraisal Co., Inc undergoes deals precisely with decoding the FHA's documentation and their rules and procedures. Be sure to contact AMC Appraisal Co., Inc if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is insured by them. The lending company provides all the finances; the FHA simply backs the loan through mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are formed to aid low-to-moderate income buyers help meet credit qualifications if they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Buyers with lesser income or less starting capital to put down on a financial transaction benefit the most from FHA loan programs. |