R. Scott Pierce Appraisal Services is available for your FHA work
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 qualified and approved by the FHA to do reports for property loans insured by them. A certain amount of the continuing training our staff at R. Scott Pierce Appraisal Services receives deals strictly with comprehending the FHA's documentation and their rules and procedures.
Be sure to contact R. Scott Pierce Appraisal Services if you need an appraisal done for an FHA-secured loan.
An FHA loan is underwritten by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The lender takes care of all the loaned money; the FHA simply insures the loan by providing mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income consumers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and qualifications for lending organizations that they otherwise would not.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the FHA offers are incredibly helpful to buyers with less starting capital.