Need an appraisal for an FHA-backed mortgage? Call ACRE AppraisalsThe FHA keeps a roster of approved appraisers for each state - ACRE Appraisals is on the roster of approved appraisers for AL. If you have an FHA-secured mortgage, be sure to call ACRE Appraisals, as we are approved and certified to handle FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you need 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 organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-insured loan, it means it is backed by them. No part of the loan is provided by the FHA; what the FHA does is ensure that the loan is taken care of in case the borrower defaults on his or her loan obligations. Accessible to all homebuyers, FHA loan programs are built 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. The loan programs that the Federal Housing Administration offers are excessively useful to buyers with less starting capital. |