Michael Deweese AppraisalsThe FHA keeps a roster of approved appraisers for each state - Michael Deweese Appraisals is on the roster of approved appraisers for KY. If you have an FHA-insured mortgage, be sure to hire Michael Deweese Appraisals, as we are approved and certified to produce FHA appraisal reports. A portion of the ongoing training our staff at Michael Deweese Appraisals completes deals strictly with comprehending the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-insured loan, it means it is backed by them. The FHA does not loan capital to borrowers, rather, it provides lending agencies with safety by offering mortgage insurance in case the borrower defaults on his or her loan obligations. Applicable to all purchasers, FHA loan programs are designed to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. 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 incredibly beneficial to those buyers with less available cash. |