MERCURY APPRAISALMERCURY APPRAISAL is IN state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured mortgage, be sure to hire MERCURY APPRAISAL, as we are approved and qualified to handle FHA appraisals. A certain amount of the continuing training our staff at MERCURY APPRAISAL undergoes deals strictly with decoding the FHA's documentation and their rules and procedures. If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. 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 underwritten by them. The FHA does not provide funds to borrowers, rather, it provides lending organizations with safety by offering mortgage insurance in case the borrower does not pay his or her loan obligations. Available to all homebuyers, 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. Those with lower income or less starting funds to use as a down-payment on a mortgage are assisted the most from Federal Housing Administration loan programs. |