Need an appraisal for an FHA-backed mortgage? Call Advantage Appraisal Services, LLC
The FHA retains of approved appraisers for each state - Advantage Appraisal Services, LLC is on the roster of approved appraisers for ID. This indicates that we are qualified and approved by the FHA to do appraisal reports for house loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
Be sure to contact Advantage Appraisal Services, LLC if you need an appraisal done for an FHA-secured loan.
An FHA loan is underwritten by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending company takes care of all the finances; the FHA simply secures the loan through mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are created to help low-to-moderate income purchasers help meet credit requirements 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 funds to put down on a loan benefit the most from FHA loan programs.