We assure you that Liberty Appraisal Group, Inc. is an FHA-certified appraisal provider in Utah.
This indicates that we are certified and approved by the FHA to do appraisal reports for home loans underwritten by them.
A certain amount of the continuing training our staff at Liberty Appraisal Group, Inc. receives deals exclusively with decoding the FHA's documentation and their rules and procedures.
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If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
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If your financial transaction is FHA certified, that means that the loan has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD).
None of the funds are provided by the FHA. What the FHA does is see to it that the loan is paid for in case the borrower doesn't pay their loan.
Low-income and moderate-income homebuyers benefit the most from FHA-insured loan programs. The purpose of the Federal Housing Administration is to assist credit-worthy buyers get approved for mortgages that they otherwise would not.
Remember, the FHA differs from the VA appraiser panel in that the lender can pick the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
Consumers with lower incomes or less starting capital to put down on a financial transaction benefit the most from FHA loan programs.