Need an appraisal for an FHA-backed mortgage? Call Fairway Appraisals, LLCWe are happy to say that Fairway Appraisals, LLC is an FHA-approved appraisal firm in MS. Fairway Appraisals, LLC is certified and approved to do appraisal reports for FHA secured loans. Part of the periodic training our staff at Fairway Appraisals, LLC undergoes deals exclusively with comprehending the FHA's documentation and their rules and procedures. If you need an report for an FHA loan, please contact us, and we'll be able to help you right away. If your property loan is FHA approved, that means that the loan has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders with protection through mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and requirements for lending agencies that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lesser income or less starting capital to put down on a financial transaction benefit the most from Federal Housing Administration loan programs. |