Need an appraisal for an FHA-backed mortgage? Call CMS Appraisals IncRest assured that CMS Appraisals Inc is an FHA-certified appraisal practice in VA. This indicates that we are certified and approved by the FHA to do appraisal reports for home loans insured by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at CMS Appraisals Inc is well-trained on how to follow the rules and regulations provided. Be sure to contact CMS Appraisals Inc if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-insured loan, it means it is secured by them. No part of the loan is provided by the FHA; what the FHA does is ensure that the loan is paid for in case the borrower defaults on his or her loan obligations. Low-income and moderate-income borrowers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and requirements for lenders 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. The loan programs that the Federal Housing Administration provides are acutely helpful to consumers with less starting capital. |