Need an appraisal for an FHA-backed mortgage? Call JOY ELLIOTTThe FHA keeps a roster of approved appraisers for each state - JOY ELLIOTT is on the roster of approved appraisers for VI. JOY ELLIOTT is certified and approved to do appraisals for FHA secured financial transactions. Part of the continuing training our staff at JOY ELLIOTT completes deals precisely with comprehending 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 financial transaction is an FHA-insured loan, it means it is insured by them. The lending company takes care of all the money in the loan; the FHA simply secures the loan through mortgage insurance in case the borrower defaults on his or her loan. Accessible to all purchasers, FHA loan programs are made to aid credit-worthy low-income and moderate-income families who do not have the qualifications 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. The loan programs that the FHA offers are extremely useful to buyers with less starting income. |