The FHA keeps a list of approved appraisers for each state - Darrow Appraisal Services is on the roster of approved appraisers for New Hampshire.
We are certified and approved to do reports for FHA insured loans.
A certain amount of the continuing training our staff at Darrow Appraisal Services completes deals strictly with decoding the FHA's documentation and their rules and procedures.
||If you're in need of an appraisal report 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 secured by them.
No part of the loan is provided by the FHA. What the FHA does is see to it that the mortgage is insured in case the borrower defaults on his or her loan obligations.
Available to all buyers, FHA loan programs are built to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Unlike the VA appraiser panel, the lending agency working with Federal Housing Administration has the ability to select the appraiser.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
Those with lower incomes or less starting funds to use as a down-payment on a mortgage are assisted the most from Federal Housing Administration loan programs.