Anderson Appraisal Service is your FHA certified appraisal companyRest assured that Anderson Appraisal Service is an FHA-approved appraisal company in MA. We are certified and approved to do appraisals for FHA secured loans. Part of the regular training our staff at Anderson Appraisal Service receives deals strictly with understanding the FHA's documentation and their rules and procedures. If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away. 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 financial transaction is an FHA-secured loan, it means it is underwritten by them. The lender takes care of all the money in the loan; the FHA simply secures the transaction by providing mortgage insurance in case the borrower defaults on his or her loan. Available to all homebuyers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly beneficial to those homebuyers with less accumulated funding. |