is Iowa state certified and on the FHA Roster of approved residential appraisers.
KH Appraisals is certified and approved to do reports for FHA insured financial transactions.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If your house loan is FHA certified, that means that it has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD).
The FHA does not loan money to borrowers. Rather, it provides lending organizations with security through mortgage insurance in case the borrower defaults on his or her loan obligations.
The FHA and their loan programs are built to help low-to-moderate income consumers by easing credit qualifications.
Different from the VA appraiser panel, the lending agency working with FHA has the ability to pick the appraiser.
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 beneficial to those buyers with less accessible cash.
