The FHA keeps a list of approved appraisers for each state - Vanguard Appraisal Group is on the roster of approved appraisers for Virginia.
This means that we are qualified and approved by the FHA to do reports for home loans underwritten by them.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
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If your financial transaction is FHA approved, that means that it has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD).
The lending organization provides 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.
Available to all purchasers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Remember, the FHA deviates from the VA appraiser panel in that the lending agency can choose the appraisal company.
Down payments are often lower with an FHA loan despite using conventional market rates.
Purchasers with lower incomes or less starting funds to put down on a mortgage are helped the most from Federal Housing Administration loan programs.
