Need an appraisal for an FHA-backed mortgage? Call Appraisal Partners, Inc.

The FHA keeps a roster of approved appraisers for each state - Appraisal Partners, Inc. is on the roster of approved appraisers for AL. This indicates that we are qualified and approved by the FHA to do reports for property loans insured by them. Part of the regular training our staff at Appraisal Partners, Inc. undergoes deals precisely with comprehending the FHA's documentation and their rules and procedures.

If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.

An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is make sure that the loan is paid for in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured financial transaction; the point of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and qualifications for lending organizations that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lesser income or less starting money to put down on a financial transaction benefit the most from Federal Housing Administration loan programs.