RHR AppraisalsRHR Appraisals is MA state certified and on the FHA Roster of approved residential appraisers. We are certified and approved to do reports for FHA insured loans. A certain amount of the regular training our staff at RHR Appraisals receives deals precisely with comprehending the FHA's documentation and their rules and procedures. Be sure to contact RHR Appraisals if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal organization 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. None of the money in the loan is provided by the FHA; what the FHA does is ensure that the loan is insured in case the borrower doesn't pay their loan. Accessible to all buyers, FHA loan programs are formed to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Consumers with lower income or less starting capital to put down on a loan are assisted the most from Federal Housing Administration loan programs. |