is Maryland state certified and on the FHA Roster of approved residential appraisers. This indicates that we are qualified and approved by the FHA to do appraisals for property loans insured by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Beltway Appraisals, LLC is well-trained on how to follow the rules and regulations provided.
If your house loan is FHA insured, that means that the loan has been secured by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The lending organization takes care of all the financing - the FHA simply secures the transaction by providing mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are formed to aid low-to-moderate income consumers by easing credit requirements. Unlike the VA appraiser panel, the lending organization working with Federal Housing Administration actually has the ability to choose the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA offers are lifesavers to purchasers with less starting income.
