Need an appraisal for an FHA-backed mortgage? Call R. Scott Pierce Appraisal Services
R. Scott Pierce Appraisal Services is MS state certified and on the FHA Roster of approved residential appraisers. We are qualified and approved to do appraisal reports for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at R. Scott Pierce Appraisal Services is well-trained on how to follow the rules and regulations provided.
If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away.
If your loan is FHA insured, that means that the loan has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The lender takes care of all the loaned money; the FHA simply insures the loan with mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income borrowers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and necessities for lenders that they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely beneficial to those homebuyers with less accessible funding.