Need an appraisal for an FHA-backed mortgage? Call Lisa Davis AppraisalsLisa Davis Appraisals is KY state certified and on the FHA Roster of approved residential appraisers. Lisa Davis Appraisals is certified and approved to do reports for FHA secured financial transactions. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Lisa Davis Appraisals is well-trained on how to follow the rules and regulations provided. Be sure to contact Lisa Davis Appraisals if you need an appraisal done for an FHA-secured loan. If your financial transaction is FHA approved, that means that it has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The lender provides all the money in the loan; the FHA simply insures the loan with mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income borrowers benefit from an FHA-backed financial transaction; the purpose of the Federal Housing Administration is to assist credit-worthy potential buyers to meet expectations and necessities for lenders that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are incredibly useful to those purchasers with less available cash. |