R. Scott Pierce Appraisal Services
Rest assured that R. Scott Pierce Appraisal Services is an FHA-certified appraisal practice in MS. We're certified and approved to do appraisals for FHA secured financial transactions. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at R. Scott Pierce Appraisal Services is well-trained on how to comply with 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 secured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is ensure that the loan is insured in case the borrower doesn't pay their loan. The FHA and their loan programs are built to assist low-to-moderate income purchasers help meet credit expectations if they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Consumers with lower income or less starting capital to put down on a financial transaction are assisted the most from Federal Housing Administration loan programs.