Salvatore Appraisals, LLC is approved for FHA appraisalsRest assured that Salvatore Appraisals, LLC is an FHA-certified appraisal provider in MD. If you have an FHA-loan, be sure to get with Salvatore Appraisals, LLC, as we are approved and qualified to produce FHA reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Salvatore Appraisals, LLC is well-trained on how to follow the rules and regulations provided. Be sure to contact Salvatore Appraisals, LLC 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-secured loan, it means it is secured by them. 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 loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-backed financial transaction; the purpose of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and requirements for lending agencies that 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. Consumers with lower income or less starting capital to put down on a mortgage are assisted the most from FHA loan programs. |