Need an appraisal for an FHA-backed mortgage? Call Capital City Real Estate Group, LLCAndrea Deeds of Capital City Real Estate Group, LLC is Georgia state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured loan, be sure to get with Capital City Real Estate Group, LLC, as we are approved and certified to handle FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Capital City Real Estate Group, LLC is well-trained on how to work in accordance with the rules and regulations provided.
An FHA loan is underwritten by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers. Rather, it provides lending agencies with security with mortgage insurance in case the borrower does not pay his or her financial obligations. Applicable to all homebuyers, 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 that the lending organization approving a loan backed by the Federal Housing Administration is allowed to choose their appraisers, unlike the VA appraisal panel.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 lesser incomes or less starting capital to use as a down-payment on a financial transaction are helped the most from Federal Housing Administration loan programs.