Need an appraisal for an FHA-backed mortgage? Call Advantage Appraisal Services, LLC
Rest assured that Advantage Appraisal Services, LLC is an FHA-certified appraisal provider in ID. If you have an FHA-secured loan, be sure to contact Advantage Appraisal Services, LLC, as we are approved and qualified to produce FHA reports. A certain amount of the continuing training our staff at Advantage Appraisal Services, LLC receives deals exclusively with understanding 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 underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending organization provides all the money in the loan; the FHA simply insures the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan. Available to all homebuyers, FHA loan programs are formed to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
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 consumers with less available starting capital.