Need an appraisal for an FHA-backed mortgage? Call First SecurityThe FHA keeps a roster of approved appraisers for each state - First Security is on the roster of approved appraisers for IA. We are qualified and approved to do reports for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at First Security is well-trained on how to work in accordance with the rules and regulations provided. Be sure to contact First Security if you need an appraisal done for an FHA-secured loan. An FHA loan is backed by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending company takes care of all the finances; the FHA simply backs the transaction through mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are formed to benefit low-to-moderate income homebuyers help meet credit expectations if 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. FHA loan programs are extremely helpful to those purchasers with less accessible funding. |