Need an appraisal for an FHA-backed mortgage? Call A.R.E.A. ServicesA.R.E.A. Services is TN state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured loan, be sure to get with A.R.E.A. Services, as we are approved and certified to produce FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact A.R.E.A. Services 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 loan is an FHA-secured loan, it means it is backed by them. The lender takes care of all the finances; the FHA simply insures the loan through mortgage insurance in case the borrower does not pay off his or her loan. Accessible to all buyers, FHA loan programs are formed to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA provides are excessively beneficial to purchasers with less starting capital. |