Need an appraisal for an FHA-backed mortgage? Call R. Scott Pierce Appraisal Services
The FHA retains of approved appraisers for each state - R. Scott Pierce Appraisal Services is on the roster of approved appraisers for MS. This indicates that we are certified and approved by the FHA to do appraisals for home loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
Be sure to contact R. Scott Pierce Appraisal Services if you need an appraisal done for an FHA-secured loan.
An FHA loan is insured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is ensure that the mortgage is paid for in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to aid low-to-moderate income buyers 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. FHA loan programs are extremely beneficial to those homebuyers with less accumulated funding.