Need an appraisal for an FHA-backed mortgage? Call McCarthy AssociatesMcCarthy Associates is PA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured loan, be sure to hire McCarthy Associates, as we are approved and certified to produce FHA appraisal reports. Part of the continuing training our staff at McCarthy Associates undergoes deals exclusively with comprehending the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending organizations with security through mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and necessities for lending agencies that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Those with lesser income or less starting money to put down on a loan are helped the most from Federal Housing Administration loan programs. |