Need an appraisal for an FHA-backed mortgage? Call C-A YoungC-A Young is CT state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured loan, be sure to call C-A Young, as we are approved and certified to produce FHA appraisals. A portion of the periodic training our staff at C-A Young receives deals precisely with understanding the FHA's documentation and their rules and procedures. Be sure to contact C-A Young if you need an appraisal done for an FHA-secured loan. 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 loan is an FHA-insured loan, it means it is secured by them. The lender takes care of all the finances; the FHA simply secures the transaction through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income consumers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to aid credit-worthy potential buyers to meet expectations and requirements for lending organizations 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. Consumers with lower income or less starting capital to use as a down-payment on a loan are assisted the most from Federal Housing Administration loan programs. |