Penn Real Estate, Inc. is your FHA certified appraisal companyPenn Real Estate, Inc. is MS state certified and on the FHA Roster of approved residential appraisers. This means that we are qualified and approved by the FHA to do appraisal reports for home loans insured by them. A certain amount of the periodic training our staff at Penn Real Estate, Inc. receives deals strictly with understanding the FHA's documentation and their rules and procedures. Be sure to contact Penn Real Estate, Inc. if you need an appraisal done for an FHA-secured loan. If your financial transaction is FHA insured, that means that the loan has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is make sure that the mortgage is insured in case the borrower doesn't pay their loan. Available to all consumers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. 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 lesser income or less starting funds to use as a down-payment on a mortgage benefit the most from FHA loan programs. |