We are happy to say that Keystone Appraisal Co. is an FHA-certified appraisal provider in Tennessee.
If you have an FHA-loan, be sure to hire Keystone Appraisal Co., as we are approved and qualified to handle FHA appraisal reports.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If your property loan is FHA certified, that means that it has been guaranteed by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD).
The lending company takes care of all the loaned money - the FHA simply backs the transaction through mortgage insurance in case the borrower defaults on his or her loan.
Accessible to all consumers, FHA loan programs are designed to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember that the lender approving a loan backed by the FHA is able to pick the appraisal company with which they'll work, 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.
FHA loan programs are particularly beneficial to those homebuyers with less accessible starting capital.
