Need an appraisal for an FHA-backed mortgage? Call Simon Appraisal ServicesRest assured that Simon Appraisal Services is an FHA-approved appraisal service in NE. We are qualified and approved to do appraisal reports for FHA secured loans. Part of the periodic training our staff at Simon Appraisal Services receives deals precisely with comprehending the FHA's documentation and their rules and procedures. If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. 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). None of the funds are provided by the FHA; what the FHA does is ensure that the mortgage is paid for in case the borrower defaults on his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-backed financial transaction; the purpose of the Federal Housing Administration is to aid credit-worthy consumers to meet expectations and requirements for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly useful to those consumers with less accessible starting capital. |