Need an appraisal for an FHA-backed mortgage? Call East Coast ValuationsRest assured that East Coast Valuations is an FHA-certified appraisal practice in VA. If you have an FHA-insured loan, be sure to call East Coast Valuations, as we are approved and certified to produce FHA appraisal reports. A portion of the periodic training our staff at East Coast Valuations undergoes deals exclusively with understanding the FHA's documentation and their rules and procedures. Be sure to contact East Coast Valuations if you need an appraisal done for an FHA-secured 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 financial transaction is an FHA loan, it means it is backed by them. The FHA does not loan capital to borrowers, rather, it provides lenders with safety with mortgage insurance in case the borrower does not pay his or her financial obligations. Available to all buyers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are extremely beneficial to those purchasers with less available cash. |