We are happy to say that Certified Valuation Group LLC is an FHA-approved appraisal firm in Alabama.
This indicates that we are certified and approved by the FHA to do reports for property loans underwritten by them.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Certified Valuation Group LLC is well-trained on how to follow the rules and regulations provided.
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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. |
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An FHA loan is secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD).
The FHA does not provide funds to borrowers. Rather, it provides lending organizations with security by offering mortgage insurance in case the borrower does not pay his or her loan obligations.
Available to all buyers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Different from the VA appraiser panel, the lender working with Federal Housing Administration actually has the ability to pick the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
FHA loan programs are incredibly useful to those buyers with less available starting capital.