is Tennessee state certified and on the FHA Roster of approved residential appraisers.
This indicates that we are qualified and approved by the FHA to do reports for property loans insured by them.
FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Eady & Associates llc. is well-trained on how to work in accordance with 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 part of the United States Department of Housing and Urban Development (HUD).
The FHA does not loan funds to borrowers. Rather, it provides lenders with safety through mortgage insurance in case the borrower defaults on his or her financial obligations.
Available to all purchasers, FHA loan programs are built to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Remember, the FHA deviates from the VA appraiser panel in that the lending organization can select 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 provides are invaluable to buyers with minimal starting capital.
