Good News Appraisals is approved for FHA workGood News Appraisals is MO state certified and on the FHA Roster of approved residential appraisers. We're qualified and approved to do reports for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Good News Appraisals is well-trained on how to follow the rules and regulations provided. Contact us today if you need to get an appraisal done on an FHA-insured loan. An FHA loan is backed by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is ensure that the loan is paid for in case the borrower doesn't pay their loan. Accessible to all homebuyers, FHA loan programs are built to assist 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. FHA loan programs are incredibly helpful to those purchasers with less accessible cash. |