Advantage Appraisal Services, LLC is approved for FHA mortgages
The FHA keeps a roster of approved appraisers for each state - Advantage Appraisal Services, LLC is on the roster of approved appraisers for ID. We're qualified and approved to do appraisals for FHA insured financial transactions. 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.
If your financial transaction is FHA certified, 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 lending organization takes care of all the loaned money; the FHA simply backs the transaction through mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are designed to aid low-to-moderate income homebuyers help meet credit expectations 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. FHA loan programs are particularly helpful to those homebuyers with less available starting capital.