Diversified Appraisal is your FHA certified appraisal companyThe FHA keeps a roster of approved appraisers for each state - Diversified Appraisal is on the roster of approved appraisers for PA. This indicates that we are certified and approved by the FHA to do reports for house loans underwritten 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 agency 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 funds to borrowers, rather, it provides lending agencies with safety with mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are designed to aid low-to-moderate income buyers help meet credit expectations if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA provides are extremely beneficial to purchasers with less starting income. |