Rosela Appraisal Group is your FHA certified appraisal companyWe are happy to say that Rosela Appraisal Group is an FHA-certified appraisal provider in MD. This means that we are certified and approved by the FHA to do appraisal reports for house loans backed by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. 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 organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-insured loan, it means it is insured by them. The FHA does not loan money to borrowers, rather, it provides lending organizations with safety with mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are created to aid low-to-moderate income buyers help meet credit requirements if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lower income or less starting money to use as a down-payment on a mortgage are helped the most from Federal Housing Administration loan programs. |