The FHA publishes a list of approved appraisers for each state - Monte Appraisals is on the roster of approved appraisers for Louisiana.
If you have an FHA-mortgage, be sure to call Monte Appraisals, as we are approved and qualified to produce FHA reports.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If your property loan is FHA approved, that means that it has been secured by the Federal Housing Administration, which is part 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 see to it that the loan is taken care of in case the borrower doesn't pay their loan.
The FHA and their loan programs are built to aid low-to-moderate income homebuyers by easing credit expectations.
Unlike the VA appraiser panel, the lending agency working with FHA has the ability to pick the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are extremely useful to those homebuyers with less accessible funding.
