The FHA maintains the rolls of approved appraisers for each state - Sigler Appraisals, LLC is on the roster of approved appraisers for Maryland.
This indicates that we are qualified and approved by the FHA to do appraisal reports for property loans insured by them.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
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If your property loan is FHA certified, that means that it has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD).
None of the money in the loan is provided by the FHA. What the FHA does is ensure that the loan is paid for in case the borrower doesn't pay their loan.
Low-income and moderate-income homebuyers benefit the most from FHA-secured loan programs. The purpose of the Federal Housing Administration is to assist credit-worthy potential buyers get approved for mortgages that they otherwise would not.
Remember, the FHA deviates from the VA appraiser panel in that the lender can select the appraisal company.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
FHA loan programs are incredibly helpful to those homebuyers with less accessible starting capital.